N.D.V.: what changed
Two fiscal 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.V.
Largest movements
- Receivables within one year -€3,439
down €3,439 (-18.7%), from €18,402 to €14,964
of which Other amounts receivable: -€2,985
- Deferred charges and accrued income -€684
down €684 (-79.2%), from €864 to €179
- Debts after one year -€6,429
down €6,429 (-69.2%), from €9,286 to €2,857
- Profit (loss) carried forward +€4,724
up €4,724 (+78.6%), from -€6,013 to -€1,288
- Tax, wage and social debts -€3,815
down €3,815 (-15.0%), from €25,350 to €21,535
of which Taxes: -€6,497
- Short-term financial debts +€1,760
up €1,760 (+72.2%), from €2,436 to €4,197
- Trade debts -€760
down €760 (-14.0%), from €5,410 to €4,650
- Staff costs +€15,833
up €15,833 (+11.8%), from €134,150 to €149,982
- Turnover -€11,449
down €11,449 (-3.7%), from €308,521 to €297,072
- Gross operating margin -€7,296
down €7,296 (-4.4%), from €164,715 to €157,419
- Financial charges -€4,659
down €4,659 (-77.9%), from €5,982 to €1,323
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.
Cash bridge derived
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 | €51,494 | €46,975 | -€4,519 | -8.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €51,494 | €46,975 | -€4,519 | -8.8% |
| Stocks and contracts in progress | 3 | €30,890 | €30,954 | +€64 | +0.2% |
| Stocks | 30/36 | €30,890 | €30,954 | +€64 | +0.2% |
| Amounts receivable within one year | 40/41 | €18,402 | €14,964 | -€3,439 | -18.7% |
| Trade receivables | 40 | €1,063 | €610 | -€453 | -42.6% |
| Other amounts receivable | 41 | €17,339 | €14,354 | -€2,985 | -17.2% |
| Cash at bank and in hand | 54/58 | €1,339 | €879 | -€460 | -34.4% |
| Deferred charges and accrued income | 490/1 | €864 | €179 | -€684 | -79.2% |
| Total equity and liabilities | 10/49 | €51,494 | €46,975 | -€4,519 | -8.8% |
| Equity | 10/15 | €2,047 | €6,772 | +€4,724 | +230.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,013 | -€1,288 | +€4,724 | +78.6% |
| Amounts payable | 17/49 | €49,447 | €40,204 | -€9,243 | -18.7% |
| Amounts payable after more than one year | 17 | €9,286 | €2,857 | -€6,429 | -69.2% |
| Financial debts | 170/4 | €9,286 | €2,857 | -€6,429 | -69.2% |
| Amounts payable within one year | 42/48 | €40,161 | €37,346 | -€2,815 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €6,964 | €6,964 | = | 0.0% |
| Financial debts | 43 | €2,436 | €4,197 | +€1,760 | +72.2% |
| Credit institutions | 430/8 | €2,436 | €4,197 | +€1,760 | +72.2% |
| Trade debts | 44 | €5,410 | €4,650 | -€760 | -14.0% |
| Suppliers | 440/4 | €5,410 | €4,650 | -€760 | -14.0% |
| Taxes, remuneration and social security | 45 | €25,350 | €21,535 | -€3,815 | -15.0% |
| Taxes | 450/3 | €9,915 | €3,419 | -€6,497 | -65.5% |
| Remuneration and social security | 454/9 | €15,435 | €18,116 | +€2,682 | +17.4% |
| Turnover | 70 | €308,521 | €297,072 | -€11,449 | -3.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €145,438 | €146,113 | +€675 | +0.5% |
| Remuneration, social security and pensions | 62 | €134,150 | €149,982 | +€15,833 | +11.8% |
| Other operating charges | 640/8 | €1,315 | €1,242 | -€73 | -5.5% |
| Gross operating margin | 9900 | €164,715 | €157,419 | -€7,296 | -4.4% |
| Operating profit (loss) | 9901 | €29,251 | €6,195 | -€23,056 | -78.8% |
| Financial income | 75/76B | €6 | €2 | -€4 | -60.5% |
| Recurring financial income | 75 | €6 | €2 | -€4 | -60.5% |
| Financial charges | 65/66B | €5,982 | €1,323 | -€4,659 | -77.9% |
| Recurring financial charges | 65 | €5,982 | €1,323 | -€4,659 | -77.9% |
| Profit (loss) for the period before taxes | 9903 | €23,274 | €4,874 | -€18,400 | -79.1% |
| Income taxes | 67/77 | €142 | €150 | +€8 | +5.5% |
| Profit (loss) for the period | 9904 | €23,132 | €4,724 | -€18,408 | -79.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,132 | €4,724 | -€18,408 | -79.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.