NASDRON.BE: 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.
NASDRON.BE
Largest movements
- Cash +€28,096
up €28,096 (+48.8%), from €57,631 to €85,727
mainly Advances received (+€39,912) and Other debts (+€33,391)
- Receivables within one year +€24,368
up €24,368 (+22.4%), from €108,856 to €133,224
of which Trade receivables: +€27,076
- Advances received +€39,912
new in 2025: €39,912
- Other debts +€33,391
up €33,391 (+134%), from €24,849 to €58,240
- Reserves -€20,866
down €20,866 (-37.2%), from €56,077 to €35,211
- Tax, wage and social debts +€7,643
up €7,643 (+14.7%), from €51,925 to €59,568
of which Taxes: +€18,986
- Trade debts -€7,605
down €7,605 (-32.1%), from €23,657 to €16,052
- Gross operating margin +€59,937
up €59,937 (+44.9%), from €133,630 to €193,567
- Financial income -€24,100
down €24,100 (-99.9%), from €24,115 to €15
of which Non-recurring financial income: -€24,097
- Staff costs +€17,776
up €17,776 (+13.7%), from €129,495 to €147,272
- Taxes +€7,264
up €7,264 (+174%), from €4,175 to €11,439
- Other operating charges -€2,915
down €2,915 (-52.3%), from €5,576 to €2,660
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 | €188,761 | €239,758 | +€50,997 | +27.0% |
| Fixed assets | 21/28 | €22,274 | €20,807 | -€1,467 | -6.6% |
| Tangible fixed assets | 22/27 | €22,274 | €20,807 | -€1,467 | -6.6% |
| Furniture and vehicles | 24 | €2,529 | €4,406 | +€1,877 | +74.2% |
| Other tangible fixed assets | 26 | €19,745 | €16,401 | -€3,344 | -16.9% |
| Current assets | 29/58 | €166,487 | €218,951 | +€52,464 | +31.5% |
| Amounts receivable within one year | 40/41 | €108,856 | €133,224 | +€24,368 | +22.4% |
| Trade receivables | 40 | €106,148 | €133,224 | +€27,076 | +25.5% |
| Other amounts receivable | 41 | €2,708 | - | -€2,708 | |
| Cash at bank and in hand | 54/58 | €57,631 | €85,727 | +€28,096 | +48.8% |
| Total equity and liabilities | 10/49 | €188,761 | €239,758 | +€50,997 | +27.0% |
| Equity | 10/15 | €64,137 | €43,271 | -€20,866 | -32.5% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €56,077 | €35,211 | -€20,866 | -37.2% |
| Distributable reserves | 133 | €56,077 | €35,211 | -€20,866 | -37.2% |
| Provisions and deferred taxes | 16 | €16,950 | €17,993 | +€1,042 | +6.1% |
| Provisions for liabilities and charges | 160/5 | €16,950 | €17,993 | +€1,042 | +6.1% |
| Environmental obligations | 163 | €16,950 | €17,993 | +€1,042 | +6.1% |
| Amounts payable | 17/49 | €107,673 | €178,494 | +€70,821 | +65.8% |
| Amounts payable after more than one year | 17 | €4,721 | €2,073 | -€2,648 | -56.1% |
| Financial debts | 170/4 | €4,721 | €2,073 | -€2,648 | -56.1% |
| Amounts payable within one year | 42/48 | €102,952 | €176,421 | +€73,469 | +71.4% |
| Current portion of amounts payable after more than one year | 42 | €2,520 | €2,648 | +€128 | +5.1% |
| Trade debts | 44 | €23,657 | €16,052 | -€7,605 | -32.1% |
| Suppliers | 440/4 | €23,657 | €16,052 | -€7,605 | -32.1% |
| Advances received on contracts in progress | 46 | - | €39,912 | +€39,912 | |
| Taxes, remuneration and social security | 45 | €51,925 | €59,568 | +€7,643 | +14.7% |
| Taxes | 450/3 | €20,886 | €39,872 | +€18,986 | +90.9% |
| Remuneration and social security | 454/9 | €31,040 | €19,697 | -€11,343 | -36.5% |
| Other amounts payable | 47/48 | €24,849 | €58,240 | +€33,391 | +134% |
| Remuneration, social security and pensions | 62 | €129,495 | €147,272 | +€17,776 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,208 | €4,687 | -€1,521 | -24.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €1,042 | +€1,042 | |
| Other operating charges | 640/8 | €5,576 | €2,660 | -€2,915 | -52.3% |
| Non-recurring operating charges | 66A | €4,029 | - | -€4,029 | |
| Gross operating margin | 9900 | €133,630 | €193,567 | +€59,937 | +44.9% |
| Operating profit (loss) | 9901 | -€11,678 | €37,906 | +€49,584 | |
| Financial income | 75/76B | €24,115 | €15 | -€24,100 | -99.9% |
| Recurring financial income | 75 | €18 | €15 | -€3 | -16.0% |
| Non-recurring financial income | 76B | €24,097 | - | -€24,097 | |
| Financial charges | 65/66B | €721 | €591 | -€131 | -18.1% |
| Recurring financial charges | 65 | €721 | €591 | -€131 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €11,716 | €37,330 | +€25,614 | +219% |
| Income taxes | 67/77 | €4,175 | €11,439 | +€7,264 | +174% |
| Profit (loss) for the period | 9904 | €7,541 | €25,892 | +€18,351 | +243% |
| Profit (loss) for the period to be appropriated | 9905 | €7,541 | €25,892 | +€18,351 | +243% |
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 25 October 2026 via checked.be.