Nzadi: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Nzadi
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Reserves +€122,768
up €122,768 (+23.2%), from €530,215 to €652,983
- Debts after one year -€71,654
down €71,654 (-5.9%), from €1.2m to €1.1m
- Tax, wage and social debts -€44,029
down €44,029 (-72.3%), from €60,868 to €16,839
- Financial income -€450,083
down €450,083 (-99.8%), from €451,185 to €1,102
- Gross operating margin -€59,356
down €59,356 (-21.6%), from €274,745 to €215,389
- Taxes -€48,389
down €48,389 (-56.8%), from €85,251 to €36,861
- Financial charges -€30,134
down €30,134 (-35.6%), from €84,559 to €54,425
From the 2025 result to the 2026 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,107,139 | €3,099,636 | -€7,503 | -0.2% |
| Fixed assets | 21/28 | €3,001,937 | €3,001,192 | -€745 | 0.0% |
| Tangible fixed assets | 22/27 | €1,937 | €1,192 | -€745 | -38.5% |
| Plant, machinery and equipment | 23 | €216 | - | -€216 | |
| Furniture and vehicles | 24 | €1,721 | €1,192 | -€529 | -30.7% |
| Financial fixed assets | 28 | €3,000,000 | €3,000,000 | = | 0.0% |
| Current assets | 29/58 | €105,202 | €98,444 | -€6,758 | -6.4% |
| Amounts receivable within one year | 40/41 | €53,277 | €71,049 | +€17,771 | +33.4% |
| Other amounts receivable | 41 | €53,277 | €71,049 | +€17,771 | +33.4% |
| Cash at bank and in hand | 54/58 | €51,108 | €26,557 | -€24,551 | -48.0% |
| Deferred charges and accrued income | 490/1 | €816 | €838 | +€22 | +2.7% |
| Total equity and liabilities | 10/49 | €3,107,139 | €3,099,636 | -€7,503 | -0.2% |
| Equity | 10/15 | €1,742,615 | €1,865,383 | +€122,768 | +7.0% |
| Contributions | 10/11 | €1,212,400 | €1,212,400 | = | 0.0% |
| Reserves | 13 | €530,215 | €652,983 | +€122,768 | +23.2% |
| Distributable reserves | 133 | €530,215 | €652,983 | +€122,768 | +23.2% |
| Amounts payable | 17/49 | €1,364,524 | €1,234,253 | -€130,271 | -9.5% |
| Amounts payable after more than one year | 17 | €1,205,046 | €1,133,392 | -€71,654 | -5.9% |
| Financial debts | 170/4 | €1,205,046 | €1,133,392 | -€71,654 | -5.9% |
| Amounts payable within one year | 42/48 | €152,642 | €96,461 | -€56,181 | -36.8% |
| Current portion of amounts payable after more than one year | 42 | €68,602 | €71,654 | +€3,052 | +4.4% |
| Financial debts | 43 | €5,583 | €5,832 | +€248 | +4.4% |
| Credit institutions | 430/8 | €5,583 | €5,832 | +€248 | +4.4% |
| Trade debts | 44 | €806 | €2,137 | +€1,331 | +165% |
| Suppliers | 440/4 | €806 | €2,137 | +€1,331 | +165% |
| Taxes, remuneration and social security | 45 | €60,868 | €16,839 | -€44,029 | -72.3% |
| Taxes | 450/3 | €60,868 | €16,839 | -€44,029 | -72.3% |
| Other amounts payable | 47/48 | €16,783 | - | -€16,783 | |
| Accrued charges and deferred income | 492/3 | €6,836 | €4,400 | -€2,436 | -35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €844 | €745 | -€99 | -11.8% |
| Other operating charges | 640/8 | €1,318 | €1,692 | +€374 | +28.4% |
| Gross operating margin | 9900 | €274,745 | €215,389 | -€59,356 | -21.6% |
| Operating profit (loss) | 9901 | €272,583 | €212,952 | -€59,630 | -21.9% |
| Financial income | 75/76B | €451,185 | €1,102 | -€450,083 | -99.8% |
| Recurring financial income | 75 | €451,185 | €1,102 | -€450,083 | -99.8% |
| Financial charges | 65/66B | €84,559 | €54,425 | -€30,134 | -35.6% |
| Recurring financial charges | 65 | €84,559 | €54,425 | -€30,134 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | €639,209 | €159,629 | -€479,579 | -75.0% |
| Income taxes | 67/77 | €85,251 | €36,861 | -€48,389 | -56.8% |
| Profit (loss) for the period | 9904 | €553,958 | €122,768 | -€431,190 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €553,958 | €122,768 | -€431,190 | -77.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.