NADIS: 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.
NADIS
Largest movements
- Receivables within one year +€33,109
up €33,109 (+26.6%), from €124,382 to €157,491
of which Trade receivables: +€26,086
- Tangible fixed assets -€19,806
down €19,806 (-4.9%), from €402,608 to €382,802
of which Land and buildings: -€14,187
- Cash -€10,804
down €10,804 (-65.9%), from €16,390 to €5,586
mainly Receivables within one year (-€33,109) and Debts after one year (-€15,224)
- Stocks and contracts +€10,229
new in 2025: €10,229
- Debts after one year -€15,224
down €15,224 (-5.2%), from €290,511 to €275,287
- Current portion of long-term debt +€11,390
up €11,390 (+297.1%), from €3,834 to €15,224
- Trade debts +€8,312
up €8,312 (+58.0%), from €14,333 to €22,645
- Profit (loss) carried forward +€5,829
up €5,829 (+8.0%), from -€72,916 to -€67,087
- Gross operating margin +€36,234
up €36,234, from -€2,087 to €34,147
- Financial charges +€13,481
up €13,481 (+2536.7%), from €531 to €14,013
- Other operating charges -€10,107
down €10,107 (-90.5%), from €11,172 to €1,065
- Financial income +€5,097
up €5,097 (+347.1%), from €1,469 to €6,566
- Depreciation +€3,439
up €3,439 (+21.0%), from €16,366 to €19,806
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 | €544,553 | €557,264 | +€12,710 | +2.3% |
| Fixed assets | 21/28 | €402,608 | €382,802 | -€19,806 | -4.9% |
| Tangible fixed assets | 22/27 | €402,608 | €382,802 | -€19,806 | -4.9% |
| Land and buildings | 22 | €376,933 | €362,746 | -€14,187 | -3.8% |
| Plant, machinery and equipment | 23 | €25,675 | €20,056 | -€5,619 | -21.9% |
| Current assets | 29/58 | €141,946 | €174,462 | +€32,516 | +22.9% |
| Stocks and contracts in progress | 3 | - | €10,229 | +€10,229 | |
| Stocks | 30/36 | - | €10,229 | +€10,229 | |
| Amounts receivable within one year | 40/41 | €124,382 | €157,491 | +€33,109 | +26.6% |
| Trade receivables | 40 | €23,527 | €49,613 | +€26,086 | +110.9% |
| Other amounts receivable | 41 | €100,856 | €107,878 | +€7,023 | +7.0% |
| Cash at bank and in hand | 54/58 | €16,390 | €5,586 | -€10,804 | -65.9% |
| Deferred charges and accrued income | 490/1 | €1,173 | €1,155 | -€17 | -1.5% |
| Total equity and liabilities | 10/49 | €544,553 | €557,264 | +€12,710 | +2.3% |
| Equity | 10/15 | €235,859 | €241,688 | +€5,829 | +2.5% |
| Contributions | 10/11 | €302,101 | €302,101 | = | 0.0% |
| Capital | 10 | €302,101 | €302,101 | = | 0.0% |
| Issued capital | 100 | €302,101 | €302,101 | = | 0.0% |
| Reserves | 13 | €6,675 | €6,675 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,675 | €6,675 | = | 0.0% |
| Legal reserve | 130 | €6,675 | €6,675 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,916 | -€67,087 | +€5,829 | +8.0% |
| Amounts payable | 17/49 | €308,694 | €315,575 | +€6,881 | +2.2% |
| Amounts payable after more than one year | 17 | €290,511 | €275,287 | -€15,224 | -5.2% |
| Financial debts | 170/4 | €290,511 | €275,287 | -€15,224 | -5.2% |
| Amounts payable within one year | 42/48 | €18,167 | €40,289 | +€22,121 | +121.8% |
| Current portion of amounts payable after more than one year | 42 | €3,834 | €15,224 | +€11,390 | +297.1% |
| Trade debts | 44 | €14,333 | €22,645 | +€8,312 | +58.0% |
| Suppliers | 440/4 | €14,333 | €22,645 | +€8,312 | +58.0% |
| Other amounts payable | 47/48 | - | €2,420 | +€2,420 | |
| Accrued charges and deferred income | 492/3 | €16 | - | -€16 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,366 | €19,806 | +€3,439 | +21.0% |
| Other operating charges | 640/8 | €11,172 | €1,065 | -€10,107 | -90.5% |
| Gross operating margin | 9900 | -€2,087 | €34,147 | +€36,234 | |
| Operating profit (loss) | 9901 | -€29,626 | €13,276 | +€42,901 | |
| Financial income | 75/76B | €1,469 | €6,566 | +€5,097 | +347.1% |
| Recurring financial income | 75 | €1,469 | €6,566 | +€5,097 | +347.1% |
| Financial charges | 65/66B | €531 | €14,013 | +€13,481 | +2536.7% |
| Recurring financial charges | 65 | €531 | €14,013 | +€13,481 | +2536.7% |
| Profit (loss) for the period before taxes | 9903 | -€28,688 | €5,829 | +€34,517 | |
| Profit (loss) for the period | 9904 | -€28,688 | €5,829 | +€34,517 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,688 | €5,829 | +€34,517 |
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 4 October 2026 via checked.be.