NADORTOIT: 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.
NADORTOIT
Largest movements
- Receivables within one year +€101,445
up €101,445 (+228.3%), from €44,440 to €145,885
of which Trade receivables: +€105,015
- Cash +€16,614
up €16,614 (+252.3%), from €6,585 to €23,199
mainly Net result for the year (+€100,727) and Tax, wage and social debts (+€24,785)
- Stocks and contracts -€2,000
down €2,000 (-10.9%), from €18,350 to €16,350
- Profit (loss) carried forward +€100,727
up €100,727, from -€15,059 to €85,668
- Tax, wage and social debts +€24,785
up €24,785 (+2633.1%), from €941 to €25,726
of which Taxes: +€22,485
- Trade debts -€6,888
down €6,888 (-8.7%), from €79,619 to €72,731
- Other debts -€2,318
down €2,318 (-46.7%), from €4,964 to €2,646
- Accrued charges and deferred income -€2,094
no longer reported in 2024 (was €2,094)
- Gross operating margin +€159,874
up €159,874 (+11276.3%), from €1,418 to €161,292
- Taxes +€22,291
up €22,291 (+11438.7%), from €195 to €22,485
- Staff costs +€14,307
up €14,307 (+78.3%), from €18,280 to €32,587
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €78,559 | €192,771 | +€114,212 | +145.4% |
| Fixed assets | 21/28 | €8,900 | €7,100 | -€1,800 | -20.2% |
| Tangible fixed assets | 22/27 | €8,537 | €6,737 | -€1,800 | -21.1% |
| Plant, machinery and equipment | 23 | €5,159 | €4,433 | -€726 | -14.1% |
| Furniture and vehicles | 24 | €3,378 | €2,304 | -€1,074 | -31.8% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €69,658 | €185,671 | +€116,012 | +166.5% |
| Stocks and contracts in progress | 3 | €18,350 | €16,350 | -€2,000 | -10.9% |
| Stocks | 30/36 | €18,350 | €16,350 | -€2,000 | -10.9% |
| Amounts receivable within one year | 40/41 | €44,440 | €145,885 | +€101,445 | +228.3% |
| Trade receivables | 40 | €26,848 | €131,862 | +€105,015 | +391.2% |
| Other amounts receivable | 41 | €17,593 | €14,023 | -€3,570 | -20.3% |
| Cash at bank and in hand | 54/58 | €6,585 | €23,199 | +€16,614 | +252.3% |
| Deferred charges and accrued income | 490/1 | €284 | €236 | -€47 | -16.7% |
| Total equity and liabilities | 10/49 | €78,559 | €192,771 | +€114,212 | +145.4% |
| Equity | 10/15 | -€9,059 | €91,668 | +€100,727 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,059 | €85,668 | +€100,727 | |
| Amounts payable | 17/49 | €87,617 | €101,103 | +€13,486 | +15.4% |
| Amounts payable within one year | 42/48 | €85,524 | €101,103 | +€15,579 | +18.2% |
| Trade debts | 44 | €79,619 | €72,731 | -€6,888 | -8.7% |
| Suppliers | 440/4 | €79,619 | €72,731 | -€6,888 | -8.7% |
| Taxes, remuneration and social security | 45 | €941 | €25,726 | +€24,785 | +2633.1% |
| Taxes | 450/3 | €485 | €22,971 | +€22,485 | +4631.8% |
| Remuneration and social security | 454/9 | €456 | €2,755 | +€2,299 | +504.5% |
| Other amounts payable | 47/48 | €4,964 | €2,646 | -€2,318 | -46.7% |
| Accrued charges and deferred income | 492/3 | €2,094 | - | -€2,094 | |
| Remuneration, social security and pensions | 62 | €18,280 | €32,587 | +€14,307 | +78.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,203 | €3,200 | -€3 | -0.1% |
| Other operating charges | 640/8 | €2,994 | €1,972 | -€1,023 | -34.1% |
| Gross operating margin | 9900 | €1,418 | €161,292 | +€159,874 | +11276.3% |
| Operating profit (loss) | 9901 | -€23,060 | €123,533 | +€146,593 | |
| Financial charges | 65/66B | €920 | €321 | -€599 | -65.1% |
| Recurring financial charges | 65 | €920 | €321 | -€599 | -65.1% |
| Profit (loss) for the period before taxes | 9903 | -€23,979 | €123,212 | +€147,191 | |
| Income taxes | 67/77 | €195 | €22,485 | +€22,291 | +11438.7% |
| Profit (loss) for the period | 9904 | -€24,174 | €100,727 | +€124,901 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,174 | €100,727 | +€124,901 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.