NAD DESIGN: 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.
NAD DESIGN
Largest movements
- Receivables within one year +€337,264
up €337,264 (+67.7%), from €498,051 to €835,316
of which Trade receivables: +€187,923
- Cash -€225,703
down €225,703 (-68.1%), from €331,340 to €105,637
mainly Receivables within one year (-€337,264) and Other debts (-€58,627)
- Deferred charges and accrued income +€11,376
up €11,376 (+104.4%), from €10,900 to €22,276
- Short-term financial debts +€184,825
new in 2025: €184,825
- Other debts -€58,627
down €58,627 (-11.8%), from €496,338 to €437,711
- Advances received -€56,086
down €56,086 (-73.2%), from €76,633 to €20,547
- Reserves +€54,356
up €54,356 (+29.1%), from €186,913 to €241,269
- Trade debts -€16,420
down €16,420 (-20.7%), from €79,502 to €63,082
- Gross operating margin +€113,544
up €113,544 (+99.4%), from €114,207 to €227,751
- Write-downs +€109,763
up €109,763 (+896.4%), from €12,245 to €122,009
- Financial income +€37,463
up €37,463 (+125.4%), from €29,882 to €67,344
- Financial charges +€21,817
up €21,817 (+29.4%), from €74,163 to €95,980
- Other operating charges -€15,584
down €15,584 (-94.2%), from €16,550 to €966
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 | €841,886 | €965,811 | +€123,924 | +14.7% |
| Fixed assets | 21/28 | €1,596 | €2,583 | +€987 | +61.8% |
| Tangible fixed assets | 22/27 | €1,596 | €2,583 | +€987 | +61.8% |
| Furniture and vehicles | 24 | €1,596 | €2,583 | +€987 | +61.8% |
| Current assets | 29/58 | €840,291 | €963,228 | +€122,937 | +14.6% |
| Amounts receivable within one year | 40/41 | €498,051 | €835,316 | +€337,264 | +67.7% |
| Trade receivables | 40 | €447,422 | €635,345 | +€187,923 | +42.0% |
| Other amounts receivable | 41 | €50,629 | €199,971 | +€149,341 | +295.0% |
| Cash at bank and in hand | 54/58 | €331,340 | €105,637 | -€225,703 | -68.1% |
| Deferred charges and accrued income | 490/1 | €10,900 | €22,276 | +€11,376 | +104.4% |
| Total equity and liabilities | 10/49 | €841,886 | €965,811 | +€123,924 | +14.7% |
| Equity | 10/15 | €189,413 | €243,769 | +€54,356 | +28.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €186,913 | €241,269 | +€54,356 | +29.1% |
| Distributable reserves | 133 | €186,913 | €241,269 | +€54,356 | +29.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €652,473 | €722,041 | +€69,568 | +10.7% |
| Amounts payable within one year | 42/48 | €652,473 | €706,164 | +€53,691 | +8.2% |
| Financial debts | 43 | - | €184,825 | +€184,825 | |
| Credit institutions | 430/8 | - | €184,825 | +€184,825 | |
| Trade debts | 44 | €79,502 | €63,082 | -€16,420 | -20.7% |
| Suppliers | 440/4 | €79,502 | €63,082 | -€16,420 | -20.7% |
| Advances received on contracts in progress | 46 | €76,633 | €20,547 | -€56,086 | -73.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €496,338 | €437,711 | -€58,627 | -11.8% |
| Accrued charges and deferred income | 492/3 | - | €15,877 | +€15,877 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €261 | €1,329 | +€1,067 | +408.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,245 | €122,009 | +€109,763 | +896.4% |
| Other operating charges | 640/8 | €16,550 | €966 | -€15,584 | -94.2% |
| Gross operating margin | 9900 | €114,207 | €227,751 | +€113,544 | +99.4% |
| Operating profit (loss) | 9901 | €85,150 | €103,448 | +€18,297 | +21.5% |
| Financial income | 75/76B | €29,882 | €67,344 | +€37,463 | +125.4% |
| Recurring financial income | 75 | €29,882 | €67,344 | +€37,463 | +125.4% |
| Financial charges | 65/66B | €74,163 | €95,980 | +€21,817 | +29.4% |
| Recurring financial charges | 65 | €74,163 | €95,980 | +€21,817 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €40,869 | €74,812 | +€33,943 | +83.1% |
| Income taxes | 67/77 | €9,163 | €20,456 | +€11,293 | +123.2% |
| Profit (loss) for the period | 9904 | €31,706 | €54,356 | +€22,650 | +71.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,706 | €54,356 | +€22,650 | +71.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.