NANDEV SOLUTION: 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.
NANDEV SOLUTION
Largest movements
- Receivables within one year -€17,684
down €17,684 (-74.4%), from €23,775 to €6,091
- Cash +€6,232
up €6,232 (+42.5%), from €14,666 to €20,898
mainly Net result for the year (+€19,054) and Receivables within one year (+€17,684)
- Tangible fixed assets +€930
up €930 (+40.8%), from €2,282 to €3,212
- Profit (loss) carried forward -€6,421
down €6,421 (-33.2%), from €19,313 to €12,892
- Other debts -€4,996
down €4,996 (-99.9%), from €5,000 to €4
- Trade debts +€2,710
up €2,710 (+453.6%), from €598 to €3,308
- Tax, wage and social debts -€1,815
down €1,815 (-12.3%), from €14,813 to €12,997
- Gross operating margin -€7,312
down €7,312 (-20.4%), from €35,788 to €28,477
- Taxes -€1,651
down €1,651 (-19.3%), from €8,550 to €6,898
- Depreciation +€1,148
up €1,148 (+162.7%), from €706 to €1,854
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 | €40,723 | €30,201 | -€10,522 | -25.8% |
| Fixed assets | 21/28 | €2,282 | €3,212 | +€930 | +40.8% |
| Tangible fixed assets | 22/27 | €2,282 | €3,212 | +€930 | +40.8% |
| Plant, machinery and equipment | 23 | €2,282 | €3,212 | +€930 | +40.8% |
| Current assets | 29/58 | €38,441 | €26,989 | -€11,452 | -29.8% |
| Amounts receivable within one year | 40/41 | €23,775 | €6,091 | -€17,684 | -74.4% |
| Trade receivables | 40 | €23,775 | €6,091 | -€17,684 | -74.4% |
| Cash at bank and in hand | 54/58 | €14,666 | €20,898 | +€6,232 | +42.5% |
| Total equity and liabilities | 10/49 | €40,723 | €30,201 | -€10,522 | -25.8% |
| Equity | 10/15 | €20,313 | €13,892 | -€6,421 | -31.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,313 | €12,892 | -€6,421 | -33.2% |
| Amounts payable | 17/49 | €20,410 | €16,309 | -€4,101 | -20.1% |
| Amounts payable within one year | 42/48 | €20,410 | €16,309 | -€4,101 | -20.1% |
| Trade debts | 44 | €598 | €3,308 | +€2,710 | +453.6% |
| Suppliers | 440/4 | €598 | €3,308 | +€2,710 | +453.6% |
| Taxes, remuneration and social security | 45 | €14,813 | €12,997 | -€1,815 | -12.3% |
| Taxes | 450/3 | €14,813 | €12,997 | -€1,815 | -12.3% |
| Other amounts payable | 47/48 | €5,000 | €4 | -€4,996 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €706 | €1,854 | +€1,148 | +162.7% |
| Other operating charges | 640/8 | €512 | €525 | +€12 | +2.4% |
| Gross operating margin | 9900 | €35,788 | €28,477 | -€7,312 | -20.4% |
| Operating profit (loss) | 9901 | €34,570 | €26,098 | -€8,472 | -24.5% |
| Financial charges | 65/66B | €258 | €145 | -€113 | -43.6% |
| Recurring financial charges | 65 | €258 | €145 | -€113 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | €34,312 | €25,953 | -€8,359 | -24.4% |
| Income taxes | 67/77 | €8,550 | €6,898 | -€1,651 | -19.3% |
| Profit (loss) for the period | 9904 | €25,763 | €19,054 | -€6,708 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,763 | €19,054 | -€6,708 | -26.0% |
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 9 October 2026 via checked.be.