NADS CONSTRUCT: 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.
NADS CONSTRUCT
Largest movements
- Receivables within one year +€27,886
up €27,886 (+60.5%), from €46,089 to €73,974
of which Trade receivables: +€20,482
- Deferred charges and accrued income -€13,214
no longer reported in 2025 (was €13,214)
- Tangible fixed assets -€3,946
down €3,946 (-13.6%), from €29,037 to €25,091
- Profit (loss) carried forward +€6,996
up €6,996 (+72.4%), from €9,667 to €16,663
- Tax, wage and social debts +€5,307
up €5,307 (+581.0%), from €913 to €6,220
of which Remuneration and social security: +€4,200
- Trade debts -€2,753
down €2,753 (-6.1%), from €45,443 to €42,690
of which Bills of exchange payable: -€45,443
- Other debts +€1,500
up €1,500 (+4.9%), from €30,746 to €32,246
- Turnover +€442,152
new in 2025: €442,152
- Purchases and services +€410,996
new in 2025: €410,996
- Gross operating margin +€8,276
up €8,276 (+36.1%), from €22,936 to €31,212
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 | €89,770 | €100,819 | +€11,050 | +12.3% |
| Fixed assets | 21/28 | €29,037 | €25,091 | -€3,946 | -13.6% |
| Tangible fixed assets | 22/27 | €29,037 | €25,091 | -€3,946 | -13.6% |
| Furniture and vehicles | 24 | €29,037 | €25,091 | -€3,946 | -13.6% |
| Current assets | 29/58 | €60,732 | €75,728 | +€14,996 | +24.7% |
| Amounts receivable within one year | 40/41 | €46,089 | €73,974 | +€27,886 | +60.5% |
| Trade receivables | 40 | €45,443 | €65,925 | +€20,482 | +45.1% |
| Other amounts receivable | 41 | €646 | €8,050 | +€7,404 | +1146.8% |
| Cash at bank and in hand | 54/58 | €1,430 | €1,754 | +€324 | +22.7% |
| Deferred charges and accrued income | 490/1 | €13,214 | - | -€13,214 | |
| Total equity and liabilities | 10/49 | €89,770 | €100,819 | +€11,050 | +12.3% |
| Equity | 10/15 | €12,667 | €19,663 | +€6,996 | +55.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,667 | €16,663 | +€6,996 | +72.4% |
| Amounts payable | 17/49 | €77,103 | €81,156 | +€4,054 | +5.3% |
| Amounts payable within one year | 42/48 | €77,103 | €81,156 | +€4,054 | +5.3% |
| Trade debts | 44 | €45,443 | €42,690 | -€2,753 | -6.1% |
| Suppliers | 440/4 | - | €42,690 | +€42,690 | |
| Bills of exchange payable | 441 | €45,443 | - | -€45,443 | |
| Taxes, remuneration and social security | 45 | €913 | €6,220 | +€5,307 | +581.0% |
| Taxes | 450/3 | €913 | €2,020 | +€1,107 | +121.2% |
| Remuneration and social security | 454/9 | - | €4,200 | +€4,200 | |
| Other amounts payable | 47/48 | €30,746 | €32,246 | +€1,500 | +4.9% |
| Turnover | 70 | - | €442,152 | +€442,152 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €410,996 | +€410,996 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,802 | €21,946 | +€2,145 | +10.8% |
| Other operating charges | 640/8 | - | €250 | +€250 | |
| Gross operating margin | 9900 | €22,936 | €31,212 | +€8,276 | +36.1% |
| Operating profit (loss) | 9901 | €3,134 | €9,016 | +€5,882 | +187.7% |
| Profit (loss) for the period before taxes | 9903 | €3,134 | €9,016 | +€5,882 | +187.7% |
| Income taxes | 67/77 | - | €2,020 | +€2,020 | |
| Profit (loss) for the period | 9904 | €3,134 | €6,996 | +€3,862 | +123.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,134 | €6,996 | +€3,862 | +123.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.