NADORIMMO: 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.
NADORIMMO
Largest movements
- Receivables within one year +€22,857
up €22,857 (+6.8%), from €336,040 to €358,897
of which Trade receivables: +€135,800
- Tangible fixed assets -€17,581
down €17,581 (-1.5%), from €1.2m to €1.2m
- Other debts -€698,500
down €698,500 (-90.8%), from €769,300 to €70,800
- Profit (loss) carried forward +€446,587
up €446,587 (+69.4%), from -€643,647 to -€197,060
- Trade debts +€321,362
up €321,362 (+754%), from €42,605 to €363,968
- Reserves -€38,150
down €38,150 (-4.4%), from €875,531 to €837,381
of which Tax-exempt reserves: -€38,150
- Debts after one year -€27,470
down €27,470 (-20.2%), from €136,251 to €108,781
- Other operating charges -€742,026
down €742,026 (-98.0%), from €757,075 to €15,049
- Gross operating margin +€268,422
up €268,422 (+157%), from €170,768 to €439,190
- Financial income -€8,631
no longer reported in 2025 (was €8,631)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,507,359 | €1,512,635 | +€5,276 | +0.3% |
| Fixed assets | 21/28 | €1,171,319 | €1,153,738 | -€17,581 | -1.5% |
| Tangible fixed assets | 22/27 | €1,169,939 | €1,152,358 | -€17,581 | -1.5% |
| Land and buildings | 22 | €1,169,939 | €1,152,358 | -€17,581 | -1.5% |
| Financial fixed assets | 28 | €1,380 | €1,380 | = | 0.0% |
| Current assets | 29/58 | €336,040 | €358,897 | +€22,857 | +6.8% |
| Amounts receivable within one year | 40/41 | €336,040 | €358,897 | +€22,857 | +6.8% |
| Trade receivables | 40 | €181,500 | €317,300 | +€135,800 | +74.8% |
| Other amounts receivable | 41 | €154,540 | €41,597 | -€112,943 | -73.1% |
| Total equity and liabilities | 10/49 | €1,507,359 | €1,512,635 | +€5,276 | +0.3% |
| Equity | 10/15 | €251,884 | €660,322 | +€408,437 | +162% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €875,531 | €837,381 | -€38,150 | -4.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €873,531 | €835,381 | -€38,150 | -4.4% |
| Profit (loss) carried forward | 14 | -€643,647 | -€197,060 | +€446,587 | +69.4% |
| Provisions and deferred taxes | 16 | €275,519 | €262,802 | -€12,717 | -4.6% |
| Deferred taxes | 168 | €275,519 | €262,802 | -€12,717 | -4.6% |
| Amounts payable | 17/49 | €979,956 | €589,511 | -€390,445 | -39.8% |
| Amounts payable after more than one year | 17 | €136,251 | €108,781 | -€27,470 | -20.2% |
| Financial debts | 170/4 | €136,251 | €108,781 | -€27,470 | -20.2% |
| Amounts payable within one year | 42/48 | €843,705 | €480,730 | -€362,975 | -43.0% |
| Current portion of amounts payable after more than one year | 42 | €290 | - | -€290 | |
| Financial debts | 43 | €10 | - | -€10 | |
| Credit institutions | 430/8 | €10 | - | -€10 | |
| Trade debts | 44 | €42,605 | €363,968 | +€321,362 | +754% |
| Suppliers | 440/4 | €42,605 | €363,968 | +€321,362 | +754% |
| Taxes, remuneration and social security | 45 | €31,500 | €45,963 | +€14,463 | +45.9% |
| Taxes | 450/3 | €31,500 | €45,963 | +€14,463 | +45.9% |
| Other amounts payable | 47/48 | €769,300 | €70,800 | -€698,500 | -90.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,957 | €21,831 | +€3,874 | +21.6% |
| Other operating charges | 640/8 | €757,075 | €15,049 | -€742,026 | -98.0% |
| Gross operating margin | 9900 | €170,768 | €439,190 | +€268,422 | +157% |
| Operating profit (loss) | 9901 | -€604,265 | €402,309 | +€1.0m | |
| Financial income | 75/76B | €8,631 | - | -€8,631 | |
| Recurring financial income | 75 | €8,631 | - | -€8,631 | |
| Financial charges | 65/66B | €632 | €4,327 | +€3,695 | +585% |
| Recurring financial charges | 65 | €632 | €4,327 | +€3,695 | +585% |
| Profit (loss) for the period before taxes | 9903 | -€596,266 | €397,982 | +€994,248 | |
| Transfer from deferred taxes | 780 | €12,717 | €12,717 | = | 0.0% |
| Income taxes | 67/77 | - | €2,262 | +€2,262 | |
| Profit (loss) for the period | 9904 | -€583,549 | €408,437 | +€991,986 | |
| Transfer from tax-exempt reserves | 789 | €38,150 | €38,150 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€545,399 | €446,587 | +€991,986 |
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 24 October 2026 via checked.be.