NAZCATECH: 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.
NAZCATECH
Largest movements
- Receivables within one year -€35,860
down €35,860 (-26.6%), from €135,035 to €99,175
- Current investments -€12,049
down €12,049 (-100.0%), from €12,054 to €5
- Tangible fixed assets -€10,959
down €10,959 (-9.1%), from €120,286 to €109,327
of which Land and buildings: -€11,804
- Profit (loss) carried forward -€53,468
down €53,468 (-28.6%), from €186,873 to €133,405
- Debts after one year -€9,835
down €9,835 (-18.1%), from €54,424 to €44,589
- Gross operating margin -€3,618
down €3,618 (-14.5%), from -€25,036 to -€28,654
- Depreciation +€707
up €707 (+3.9%), from €18,022 to €18,729
- Financial charges -€514
down €514 (-12.0%), from €4,274 to €3,760
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €271,495 | €210,542 | -€60,953 | -22.5% |
| Fixed assets | 21/28 | €120,356 | €109,397 | -€10,959 | -9.1% |
| Tangible fixed assets | 22/27 | €120,286 | €109,327 | -€10,959 | -9.1% |
| Land and buildings | 22 | €119,659 | €107,856 | -€11,804 | -9.9% |
| Furniture and vehicles | 24 | €627 | €1,471 | +€844 | +135% |
| Financial fixed assets | 28 | €70 | €70 | = | 0.0% |
| Current assets | 29/58 | €151,139 | €101,145 | -€49,994 | -33.1% |
| Amounts receivable within one year | 40/41 | €135,035 | €99,175 | -€35,860 | -26.6% |
| Other amounts receivable | 41 | €135,035 | €99,175 | -€35,860 | -26.6% |
| Current investments | 50/53 | €12,054 | €5 | -€12,049 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,286 | €190 | -€2,096 | -91.7% |
| Deferred charges and accrued income | 490/1 | €1,764 | €1,775 | +€12 | +0.7% |
| Total equity and liabilities | 10/49 | €271,495 | €210,542 | -€60,953 | -22.5% |
| Equity | 10/15 | €207,333 | €153,865 | -€53,468 | -25.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €186,873 | €133,405 | -€53,468 | -28.6% |
| Amounts payable | 17/49 | €64,162 | €56,677 | -€7,485 | -11.7% |
| Amounts payable after more than one year | 17 | €54,424 | €44,589 | -€9,835 | -18.1% |
| Financial debts | 170/4 | €54,424 | €44,589 | -€9,835 | -18.1% |
| Amounts payable within one year | 42/48 | €9,737 | €12,087 | +€2,350 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €9,274 | €9,835 | +€561 | +6.0% |
| Trade debts | 44 | €270 | €2,026 | +€1,756 | +650% |
| Suppliers | 440/4 | €270 | €2,026 | +€1,756 | +650% |
| Taxes, remuneration and social security | 45 | €193 | €226 | +€33 | +17.2% |
| Taxes | 450/3 | €193 | €226 | +€33 | +17.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,022 | €18,729 | +€707 | +3.9% |
| Other operating charges | 640/8 | €1,928 | €2,104 | +€177 | +9.2% |
| Gross operating margin | 9900 | -€25,036 | -€28,654 | -€3,618 | -14.5% |
| Operating profit (loss) | 9901 | -€44,985 | -€49,487 | -€4,501 | -10.0% |
| Financial income | 75/76B | €162 | €5 | -€156 | -96.7% |
| Recurring financial income | 75 | €162 | €5 | -€156 | -96.7% |
| Financial charges | 65/66B | €4,274 | €3,760 | -€514 | -12.0% |
| Recurring financial charges | 65 | €4,274 | €3,760 | -€514 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | -€49,098 | -€53,242 | -€4,144 | -8.4% |
| Income taxes | 67/77 | €219 | €226 | +€7 | +3.4% |
| Profit (loss) for the period | 9904 | -€49,316 | -€53,468 | -€4,151 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,316 | -€53,468 | -€4,151 | -8.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.