NADEBO: 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.
NADEBO
Largest movements
- Tangible fixed assets -€180,895
down €180,895 (-100.0%), from €180,933 to €38
of which Land and buildings: -€180,776
- Debts after one year -€149,698
down €149,698 (-72.1%), from €207,495 to €57,797
- Other debts -€29,609
down €29,609 (-60.3%), from €49,131 to €19,522
- Current portion of long-term debt -€3,776
down €3,776 (-28.0%), from €13,466 to €9,689
- Depreciation -€5,904
down €5,904 (-93.1%), from €6,340 to €435
- Gross operating margin +€2,443
up €2,443 (+13.8%), from €17,717 to €20,160
- Taxes +€2,376
up €2,376 (+151.1%), from €1,573 to €3,949
- Financial charges +€2,264
up €2,264 (+64.0%), from €3,536 to €5,800
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 | €299,320 | €118,542 | -€180,778 | -60.4% |
| Formation expenses | 20 | €317 | €0 | -€317 | -100.0% |
| Fixed assets | 21/28 | €285,933 | €105,038 | -€180,895 | -63.3% |
| Tangible fixed assets | 22/27 | €180,933 | €38 | -€180,895 | -100.0% |
| Land and buildings | 22 | €180,776 | - | -€180,776 | |
| Furniture and vehicles | 24 | €156 | €38 | -€119 | -75.9% |
| Financial fixed assets | 28 | €105,000 | €105,000 | = | 0.0% |
| Current assets | 29/58 | €13,070 | €13,504 | +€433 | +3.3% |
| Amounts receivable within one year | 40/41 | €6,050 | €6,645 | +€595 | +9.8% |
| Trade receivables | 40 | €6,050 | €6,050 | = | 0.0% |
| Other amounts receivable | 41 | - | €595 | +€595 | |
| Cash at bank and in hand | 54/58 | €6,945 | €6,859 | -€87 | -1.2% |
| Deferred charges and accrued income | 490/1 | €75 | €1 | -€75 | -99.1% |
| Total equity and liabilities | 10/49 | €299,320 | €118,542 | -€180,778 | -60.4% |
| Equity | 10/15 | €20,585 | €20,585 | = | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €585 | €585 | = | 0.0% |
| Distributable reserves | 133 | €585 | €585 | = | 0.0% |
| Amounts payable | 17/49 | €278,734 | €97,956 | -€180,778 | -64.9% |
| Amounts payable after more than one year | 17 | €207,495 | €57,797 | -€149,698 | -72.1% |
| Financial debts | 170/4 | €207,495 | €57,797 | -€149,698 | -72.1% |
| Amounts payable within one year | 42/48 | €71,239 | €40,021 | -€31,218 | -43.8% |
| Current portion of amounts payable after more than one year | 42 | €13,466 | €9,689 | -€3,776 | -28.0% |
| Trade debts | 44 | €1,438 | €2,523 | +€1,084 | +75.4% |
| Suppliers | 440/4 | €1,438 | €2,523 | +€1,084 | +75.4% |
| Taxes, remuneration and social security | 45 | €7,204 | €8,287 | +€1,083 | +15.0% |
| Taxes | 450/3 | €5,454 | €7,159 | +€1,705 | +31.3% |
| Remuneration and social security | 454/9 | €1,750 | €1,128 | -€622 | -35.5% |
| Other amounts payable | 47/48 | €49,131 | €19,522 | -€29,609 | -60.3% |
| Accrued charges and deferred income | 492/3 | - | €138 | +€138 | |
| Non-recurring operating income | 76A | - | €19,224 | +€19,224 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,340 | €435 | -€5,904 | -93.1% |
| Other operating charges | 640/8 | €763 | €586 | -€177 | -23.2% |
| Gross operating margin | 9900 | €17,717 | €20,160 | +€2,443 | +13.8% |
| Operating profit (loss) | 9901 | €10,614 | €19,139 | +€8,525 | +80.3% |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €3,536 | €5,800 | +€2,264 | +64.0% |
| Recurring financial charges | 65 | €3,536 | €5,800 | +€2,264 | +64.0% |
| Profit (loss) for the period before taxes | 9903 | €7,078 | €13,365 | +€6,287 | +88.8% |
| Income taxes | 67/77 | €1,573 | €3,949 | +€2,376 | +151.1% |
| Profit (loss) for the period | 9904 | €5,506 | €9,417 | +€3,911 | +71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,506 | €9,417 | +€3,911 | +71.0% |
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 12 October 2026 via checked.be.