NANDRIN PRODUCTION: 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.
NANDRIN PRODUCTION
Largest movements
- Receivables within one year +€41,458
up €41,458 (+99.3%), from €41,752 to €83,210
of which Trade receivables: +€80,142
- Cash -€17,213
down €17,213 (-9.5%), from €181,030 to €163,817
mainly Receivables within one year (-€41,458) and Trade debts (-€27,857)
- Stocks and contracts +€12,587
up €12,587 (+9.1%), from €138,901 to €151,488
- Tangible fixed assets -€4,635
down €4,635 (-11.5%), from €40,326 to €35,691
of which Furniture and vehicles: -€5,782
- Profit (loss) carried forward +€58,742
up €58,742 (+121%), from €48,707 to €107,449
- Trade debts -€27,857
down €27,857 (-8.7%), from €321,417 to €293,560
- Gross operating margin +€69,645
up €69,645 (+107%), from €64,893 to €134,538
- Taxes +€11,160
up €11,160 (+211%), from €5,300 to €16,460
- Staff costs +€10,676
up €10,676 (+34.0%), from €31,406 to €42,082
- Depreciation +€1,616
up €1,616 (+11.1%), from €14,558 to €16,174
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 | €417,320 | €449,893 | +€32,573 | +7.8% |
| Fixed assets | 21/28 | €40,776 | €36,141 | -€4,635 | -11.4% |
| Tangible fixed assets | 22/27 | €40,326 | €35,691 | -€4,635 | -11.5% |
| Plant, machinery and equipment | 23 | €1,421 | €2,702 | +€1,281 | +90.1% |
| Furniture and vehicles | 24 | €38,771 | €32,989 | -€5,782 | -14.9% |
| Leasing and similar rights | 25 | €28 | - | -€28 | |
| Other tangible fixed assets | 26 | €106 | - | -€106 | |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €376,544 | €413,752 | +€37,208 | +9.9% |
| Stocks and contracts in progress | 3 | €138,901 | €151,488 | +€12,587 | +9.1% |
| Stocks | 30/36 | €138,901 | €151,488 | +€12,587 | +9.1% |
| Amounts receivable within one year | 40/41 | €41,752 | €83,210 | +€41,458 | +99.3% |
| Trade receivables | 40 | - | €80,142 | +€80,142 | |
| Other amounts receivable | 41 | €41,752 | €3,068 | -€38,684 | -92.7% |
| Cash at bank and in hand | 54/58 | €181,030 | €163,817 | -€17,213 | -9.5% |
| Deferred charges and accrued income | 490/1 | €14,861 | €15,237 | +€376 | +2.5% |
| Total equity and liabilities | 10/49 | €417,320 | €449,893 | +€32,573 | +7.8% |
| Equity | 10/15 | €69,158 | €127,900 | +€58,742 | +84.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,707 | €107,449 | +€58,742 | +121% |
| Amounts payable | 17/49 | €348,162 | €321,993 | -€26,169 | -7.5% |
| Amounts payable within one year | 42/48 | €347,501 | €321,365 | -€26,136 | -7.5% |
| Trade debts | 44 | €321,417 | €293,560 | -€27,857 | -8.7% |
| Suppliers | 440/4 | €321,417 | €293,560 | -€27,857 | -8.7% |
| Taxes, remuneration and social security | 45 | €25,745 | €27,466 | +€1,721 | +6.7% |
| Taxes | 450/3 | €292 | €1,460 | +€1,168 | +400% |
| Remuneration and social security | 454/9 | €25,453 | €26,006 | +€553 | +2.2% |
| Other amounts payable | 47/48 | €339 | €339 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €661 | €628 | -€33 | -5.0% |
| Remuneration, social security and pensions | 62 | €31,406 | €42,082 | +€10,676 | +34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,558 | €16,174 | +€1,616 | +11.1% |
| Other operating charges | 640/8 | €1,547 | €2,098 | +€551 | +35.6% |
| Gross operating margin | 9900 | €64,893 | €134,538 | +€69,645 | +107% |
| Operating profit (loss) | 9901 | €17,382 | €74,184 | +€56,802 | +327% |
| Financial income | 75/76B | €1,224 | €1,118 | -€106 | -8.7% |
| Recurring financial income | 75 | €1,224 | €1,118 | -€106 | -8.7% |
| Financial charges | 65/66B | €96 | €100 | +€4 | +4.2% |
| Recurring financial charges | 65 | €96 | €100 | +€4 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €18,510 | €75,202 | +€56,692 | +306% |
| Income taxes | 67/77 | €5,300 | €16,460 | +€11,160 | +211% |
| Profit (loss) for the period | 9904 | €13,210 | €58,742 | +€45,532 | +345% |
| Profit (loss) for the period to be appropriated | 9905 | €13,210 | €58,742 | +€45,532 | +345% |
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 27 October 2026 via checked.be.