NADOR WORK: 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.
NADOR WORK
Largest movements
- Tangible fixed assets -€12,969
down €12,969 (-42.0%), from €30,912 to €17,943
of which Furniture and vehicles: -€11,052
- Cash -€6,936
down €6,936 (-43.8%), from €15,839 to €8,903
mainly Other debts (-€10,744) and Net result for the year (-€6,092)
- Stocks and contracts +€4,550
up €4,550 (+455%), from €1,000 to €5,550
- Receivables within one year +€2,666
up €2,666 (+504%), from €529 to €3,195
- Other debts -€10,744
down €10,744 (-98.2%), from €10,942 to €198
- Profit (loss) carried forward -€6,092
down €6,092 (-23.4%), from €26,019 to €19,927
- Trade debts +€2,113
up €2,113 (+2,941%), from €72 to €2,185
- Tax, wage and social debts +€2,101
up €2,101 (+20.9%), from €10,050 to €12,151
of which Remuneration and social security: +€3,085
- Turnover +€58,271
up €58,271 (+30.5%), from €191,233 to €249,504
- Purchases and services +€47,199
up €47,199 (+33.4%), from €141,178 to €188,377
- Staff costs +€31,660
up €31,660 (+106%), from €29,925 to €61,585
- Gross operating margin -€7,920
down €7,920 (-11.5%), from €69,047 to €61,127
- Taxes -€6,505
no longer reported in 2025 (was €6,505)
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 | €48,583 | €35,961 | -€12,623 | -26.0% |
| Fixed assets | 21/28 | €30,912 | €17,943 | -€12,969 | -42.0% |
| Tangible fixed assets | 22/27 | €30,912 | €17,943 | -€12,969 | -42.0% |
| Plant, machinery and equipment | 23 | €17,257 | €15,339 | -€1,917 | -11.1% |
| Furniture and vehicles | 24 | €13,655 | €2,603 | -€11,052 | -80.9% |
| Current assets | 29/58 | €17,672 | €18,018 | +€347 | +2.0% |
| Stocks and contracts in progress | 3 | €1,000 | €5,550 | +€4,550 | +455% |
| Stocks | 30/36 | €1,000 | €5,550 | +€4,550 | +455% |
| Amounts receivable within one year | 40/41 | €529 | €3,195 | +€2,666 | +504% |
| Other amounts receivable | 41 | €529 | €3,195 | +€2,666 | +504% |
| Cash at bank and in hand | 54/58 | €15,839 | €8,903 | -€6,936 | -43.8% |
| Deferred charges and accrued income | 490/1 | €304 | €370 | +€66 | +21.8% |
| Total equity and liabilities | 10/49 | €48,583 | €35,961 | -€12,623 | -26.0% |
| Equity | 10/15 | €27,519 | €21,427 | -€6,092 | -22.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,019 | €19,927 | -€6,092 | -23.4% |
| Amounts payable | 17/49 | €21,064 | €14,533 | -€6,531 | -31.0% |
| Amounts payable within one year | 42/48 | €21,064 | €14,533 | -€6,531 | -31.0% |
| Trade debts | 44 | €72 | €2,185 | +€2,113 | +2,941% |
| Suppliers | 440/4 | €72 | €2,185 | +€2,113 | +2,941% |
| Taxes, remuneration and social security | 45 | €10,050 | €12,151 | +€2,101 | +20.9% |
| Taxes | 450/3 | €6,984 | €6,000 | -€984 | -14.1% |
| Remuneration and social security | 454/9 | €3,066 | €6,151 | +€3,085 | +101% |
| Other amounts payable | 47/48 | €10,942 | €198 | -€10,744 | -98.2% |
| Turnover | 70 | €191,233 | €249,504 | +€58,271 | +30.5% |
| Non-recurring operating income | 76A | €18,993 | - | -€18,993 | |
| Goods, raw materials, services and sundry goods | 60/61 | €141,178 | €188,377 | +€47,199 | +33.4% |
| Remuneration, social security and pensions | 62 | €29,925 | €61,585 | +€31,660 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,469 | €3,219 | -€3,250 | -50.2% |
| Other operating charges | 640/8 | €128 | €557 | +€429 | +334% |
| Non-recurring operating charges | 66A | - | €2,210 | +€2,210 | |
| Gross operating margin | 9900 | €69,047 | €61,127 | -€7,920 | -11.5% |
| Operating profit (loss) | 9901 | €32,524 | -€6,445 | -€38,969 | |
| Financial income | 75/76B | - | €503 | +€503 | |
| Recurring financial income | 75 | - | €503 | +€503 | |
| Financial charges | 65/66B | - | €150 | +€150 | |
| Recurring financial charges | 65 | - | €150 | +€150 | |
| Profit (loss) for the period before taxes | 9903 | €32,524 | -€6,092 | -€38,616 | |
| Income taxes | 67/77 | €6,505 | - | -€6,505 | |
| Profit (loss) for the period | 9904 | €26,019 | -€6,092 | -€32,111 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,019 | -€6,092 | -€32,111 |
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 23 October 2026 via checked.be.