NADIVE: 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.
NADIVE
Largest movements
- Receivables within one year -€194,228
down €194,228 (-64.5%), from €301,082 to €106,854
of which Other amounts receivable: -€101,522
- Cash +€83,675
up €83,675 (+40.0%), from €209,330 to €293,006
mainly Receivables within one year (+€194,228) and Depreciation (+€53,922)
- Trade debts -€100,112
down €100,112 (-97.7%), from €102,438 to €2,326
- Profit (loss) carried forward -€22,283
down €22,283 (-13.3%), from -€167,618 to -€189,902
- Gross operating margin -€149,875
down €149,875 (-69.6%), from €215,356 to €65,481
- Depreciation +€25,539
up €25,539 (+90.0%), from €28,383 to €53,922
- Financial income -€13,028
down €13,028 (-92.5%), from €14,083 to €1,055
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 | €1,887,176 | €1,768,820 | -€118,356 | -6.3% |
| Fixed assets | 21/28 | €1,376,764 | €1,368,961 | -€7,803 | -0.6% |
| Tangible fixed assets | 22/27 | €1,375,264 | €1,367,461 | -€7,803 | -0.6% |
| Land and buildings | 22 | €493,313 | €1,367,461 | +€874,148 | +177.2% |
| Assets under construction and advance payments | 27 | €881,951 | €0 | -€881,951 | -100.0% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €510,412 | €399,859 | -€110,553 | -21.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €301,082 | €106,854 | -€194,228 | -64.5% |
| Trade receivables | 40 | €94,727 | €2,021 | -€92,706 | -97.9% |
| Other amounts receivable | 41 | €206,355 | €104,833 | -€101,522 | -49.2% |
| Cash at bank and in hand | 54/58 | €209,330 | €293,006 | +€83,675 | +40.0% |
| Total equity and liabilities | 10/49 | €1,887,176 | €1,768,820 | -€118,356 | -6.3% |
| Equity | 10/15 | €1,188,382 | €1,166,098 | -€22,283 | -1.9% |
| Contributions | 10/11 | €1,356,000 | €1,356,000 | = | 0.0% |
| Capital | 10 | €1,356,000 | €1,356,000 | = | 0.0% |
| Issued capital | 100 | €1,356,000 | €1,356,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€167,618 | -€189,902 | -€22,283 | -13.3% |
| Amounts payable | 17/49 | €698,795 | €602,722 | -€96,073 | -13.7% |
| Amounts payable after more than one year | 17 | €590,606 | €597,418 | +€6,812 | +1.2% |
| Financial debts | 170/4 | €590,606 | €597,418 | +€6,812 | +1.2% |
| Amounts payable within one year | 42/48 | €108,189 | €5,304 | -€102,885 | -95.1% |
| Trade debts | 44 | €102,438 | €2,326 | -€100,112 | -97.7% |
| Suppliers | 440/4 | €102,438 | €2,326 | -€100,112 | -97.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,750 | €2,978 | -€2,772 | -48.2% |
| Taxes | 450/3 | €5,750 | €2,978 | -€2,772 | -48.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,383 | €53,922 | +€25,539 | +90.0% |
| Other operating charges | 640/8 | €18,196 | €17,382 | -€814 | -4.5% |
| Gross operating margin | 9900 | €215,356 | €65,481 | -€149,875 | -69.6% |
| Operating profit (loss) | 9901 | €168,777 | -€5,823 | -€174,601 | |
| Financial income | 75/76B | €14,083 | €1,055 | -€13,028 | -92.5% |
| Recurring financial income | 75 | €14,083 | €1,055 | -€13,028 | -92.5% |
| Financial charges | 65/66B | €17,068 | €17,515 | +€448 | +2.6% |
| Recurring financial charges | 65 | €17,068 | €17,515 | +€448 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €165,793 | -€22,283 | -€188,076 | |
| Profit (loss) for the period | 9904 | €165,793 | -€22,283 | -€188,076 | |
| Profit (loss) for the period to be appropriated | 9905 | €165,793 | -€22,283 | -€188,076 |
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 11 October 2026 via checked.be.