N.D. Consult: 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.
N.D. Consult
Largest movements
- Receivables within one year +€71,672
up €71,672 (+169%), from €42,414 to €114,086
of which Trade receivables: +€69,053
- Cash -€2,148
down €2,148 (-4.7%), from €45,739 to €43,591
mainly Receivables within one year (-€71,672) and Contributions, distributions and other (-€34,137)
- Tax, wage and social debts +€34,333
up €34,333 (+152%), from €22,553 to €56,886
- Other debts +€28,433
up €28,433 (+4,876%), from €583 to €29,017
- Profit (loss) carried forward +€15,803
up €15,803 (+15.1%), from €104,982 to €120,786
- Trade debts -€9,359
down €9,359 (-95.2%), from €9,834 to €476
- Gross operating margin -€3,421
down €3,421 (-4.6%), from €74,760 to €71,339
- Taxes +€2,056
up €2,056 (+12.8%), from €16,069 to €18,124
- Financial income +€857
up €857 (+139%), from €619 to €1,476
- Financial charges +€763
up €763 (+52.2%), from €1,462 to €2,225
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 | €140,952 | €210,163 | +€69,211 | +49.1% |
| Fixed assets | 21/28 | €52,800 | €52,486 | -€314 | -0.6% |
| Tangible fixed assets | 22/27 | €2,800 | €2,486 | -€314 | -11.2% |
| Furniture and vehicles | 24 | €2,800 | €2,486 | -€314 | -11.2% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €88,153 | €157,678 | +€69,525 | +78.9% |
| Amounts receivable within one year | 40/41 | €42,414 | €114,086 | +€71,672 | +169% |
| Trade receivables | 40 | €16,867 | €85,921 | +€69,053 | +409% |
| Other amounts receivable | 41 | €25,546 | €28,165 | +€2,619 | +10.3% |
| Cash at bank and in hand | 54/58 | €45,739 | €43,591 | -€2,148 | -4.7% |
| Total equity and liabilities | 10/49 | €140,952 | €210,163 | +€69,211 | +49.1% |
| Equity | 10/15 | €107,982 | €123,786 | +€15,803 | +14.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,982 | €120,786 | +€15,803 | +15.1% |
| Amounts payable | 17/49 | €32,970 | €86,378 | +€53,408 | +162% |
| Amounts payable within one year | 42/48 | €32,970 | €86,378 | +€53,408 | +162% |
| Trade debts | 44 | €9,834 | €476 | -€9,359 | -95.2% |
| Suppliers | 440/4 | €9,834 | €476 | -€9,359 | -95.2% |
| Taxes, remuneration and social security | 45 | €22,553 | €56,886 | +€34,333 | +152% |
| Taxes | 450/3 | €22,553 | €56,886 | +€34,333 | +152% |
| Other amounts payable | 47/48 | €583 | €29,017 | +€28,433 | +4,876% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €314 | €314 | = | 0.0% |
| Other operating charges | 640/8 | €2,387 | €2,211 | -€176 | -7.4% |
| Non-recurring operating charges | 66A | €3,656 | €0 | -€3,656 | -100% |
| Gross operating margin | 9900 | €74,760 | €71,339 | -€3,421 | -4.6% |
| Operating profit (loss) | 9901 | €68,403 | €68,814 | +€411 | +0.6% |
| Financial income | 75/76B | €619 | €1,476 | +€857 | +139% |
| Recurring financial income | 75 | €619 | €1,476 | +€857 | +139% |
| Financial charges | 65/66B | €1,462 | €2,225 | +€763 | +52.2% |
| Recurring financial charges | 65 | €1,462 | €2,225 | +€763 | +52.2% |
| Profit (loss) for the period before taxes | 9903 | €67,559 | €68,065 | +€505 | +0.7% |
| Income taxes | 67/77 | €16,069 | €18,124 | +€2,056 | +12.8% |
| Profit (loss) for the period | 9904 | €51,490 | €49,940 | -€1,550 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,490 | €49,940 | -€1,550 | -3.0% |
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 16 October 2026 via checked.be.