N.U.D.: 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.U.D.
Largest movements
- Receivables within one year +€37,781
up €37,781 (+906%), from €4,171 to €41,952
of which Trade receivables: +€39,452
- Cash -€13,421
down €13,421 (-94.5%), from €14,208 to €788
mainly Receivables within one year (-€37,781) and Other debts (-€3,581)
- Profit (loss) carried forward +€13,325
up €13,325, from -€11,738 to €1,588
- Reserves +€8,000
up €8,000 (+6.6%), from €122,000 to €130,000
- Other debts -€3,581
down €3,581 (-2.7%), from €133,659 to €130,077
- Trade debts +€3,276
up €3,276 (+132%), from €2,483 to €5,759
- Gross operating margin +€29,624
up €29,624, from -€4,580 to €25,044
- Taxes +€1,285
new in 2025: €1,285
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 | €256,006 | €278,893 | +€22,887 | +8.9% |
| Fixed assets | 21/28 | €237,627 | €236,154 | -€1,474 | -0.6% |
| Tangible fixed assets | 22/27 | €4,240 | €2,767 | -€1,474 | -34.7% |
| Furniture and vehicles | 24 | €4,240 | €2,767 | -€1,474 | -34.7% |
| Financial fixed assets | 28 | €233,387 | €233,387 | = | 0.0% |
| Current assets | 29/58 | €18,379 | €42,740 | +€24,360 | +133% |
| Amounts receivable within one year | 40/41 | €4,171 | €41,952 | +€37,781 | +906% |
| Trade receivables | 40 | €2,500 | €41,952 | +€39,452 | +1,578% |
| Other amounts receivable | 41 | €1,671 | - | -€1,671 | |
| Cash at bank and in hand | 54/58 | €14,208 | €788 | -€13,421 | -94.5% |
| Total equity and liabilities | 10/49 | €256,006 | €278,893 | +€22,887 | +8.9% |
| Equity | 10/15 | €119,862 | €141,188 | +€21,325 | +17.8% |
| Contributions | 10/11 | €9,600 | €9,600 | = | 0.0% |
| Reserves | 13 | €122,000 | €130,000 | +€8,000 | +6.6% |
| Distributable reserves | 133 | €122,000 | €130,000 | +€8,000 | +6.6% |
| Profit (loss) carried forward | 14 | -€11,738 | €1,588 | +€13,325 | |
| Amounts payable | 17/49 | €136,144 | €137,706 | +€1,562 | +1.1% |
| Amounts payable within one year | 42/48 | €136,144 | €137,706 | +€1,562 | +1.1% |
| Financial debts | 43 | €3 | €18 | +€15 | +508% |
| Credit institutions | 430/8 | €3 | €18 | +€15 | +508% |
| Trade debts | 44 | €2,483 | €5,759 | +€3,276 | +132% |
| Suppliers | 440/4 | €2,483 | €5,759 | +€3,276 | +132% |
| Taxes, remuneration and social security | 45 | - | €1,852 | +€1,852 | |
| Taxes | 450/3 | - | €1,852 | +€1,852 | |
| Other amounts payable | 47/48 | €133,659 | €130,077 | -€3,581 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,652 | €1,474 | -€179 | -10.8% |
| Other operating charges | 640/8 | €565 | €544 | -€21 | -3.7% |
| Gross operating margin | 9900 | -€4,580 | €25,044 | +€29,624 | |
| Operating profit (loss) | 9901 | -€6,798 | €23,027 | +€29,824 | |
| Financial charges | 65/66B | €462 | €416 | -€46 | -10.0% |
| Recurring financial charges | 65 | €462 | €416 | -€46 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,259 | €22,611 | +€29,870 | |
| Income taxes | 67/77 | - | €1,285 | +€1,285 | |
| Profit (loss) for the period | 9904 | -€7,259 | €21,325 | +€28,585 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,259 | €21,325 | +€28,585 |
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 13 October 2026 via checked.be.