ND: 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.
ND
Largest movements
- Stocks and contracts +€3,322
new in 2025: €3,322
- Tangible fixed assets +€1,364
up €1,364 (+9.0%), from €15,133 to €16,497
of which Plant, machinery and equipment: +€6,354
- Receivables within one year +€1,094
up €1,094 (+46.4%), from €2,360 to €3,454
of which Trade receivables: +€2,000
- Deferred charges and accrued income +€252
up €252 (+51.2%), from €492 to €744
- Trade debts +€13,496
up €13,496 (+80.8%), from €16,703 to €30,199
- Profit (loss) carried forward -€9,259
down €9,259 (-96.7%), from -€9,578 to -€18,837
- Other debts +€1,795
up €1,795 (+23.1%), from €7,782 to €9,577
- Gross operating margin +€1,596
up €1,596 (+37.1%), from -€4,300 to -€2,704
- Depreciation +€1,499
up €1,499 (+31.1%), from €4,826 to €6,325
- Other operating charges -€149
down €149 (-50.0%), from €298 to €149
- Financial charges -€71
down €71 (-46.1%), from €154 to €83
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,985 | €24,017 | +€6,032 | +33.5% |
| Fixed assets | 21/28 | €15,133 | €16,497 | +€1,364 | +9.0% |
| Tangible fixed assets | 22/27 | €15,133 | €16,497 | +€1,364 | +9.0% |
| Plant, machinery and equipment | 23 | - | €6,354 | +€6,354 | |
| Furniture and vehicles | 24 | €15,133 | €10,143 | -€4,990 | -33.0% |
| Current assets | 29/58 | €2,852 | €7,520 | +€4,668 | +163.7% |
| Stocks and contracts in progress | 3 | - | €3,322 | +€3,322 | |
| Stocks | 30/36 | - | €3,322 | +€3,322 | |
| Amounts receivable within one year | 40/41 | €2,360 | €3,454 | +€1,094 | +46.4% |
| Trade receivables | 40 | €1,164 | €3,164 | +€2,000 | +171.8% |
| Other amounts receivable | 41 | €1,196 | €290 | -€906 | -75.8% |
| Deferred charges and accrued income | 490/1 | €492 | €744 | +€252 | +51.2% |
| Total equity and liabilities | 10/49 | €17,985 | €24,017 | +€6,032 | +33.5% |
| Equity | 10/15 | -€6,578 | -€15,837 | -€9,259 | -140.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,578 | -€18,837 | -€9,259 | -96.7% |
| Amounts payable | 17/49 | €24,563 | €39,854 | +€15,291 | +62.3% |
| Amounts payable within one year | 42/48 | €24,563 | €39,854 | +€15,291 | +62.3% |
| Trade debts | 44 | €16,703 | €30,199 | +€13,496 | +80.8% |
| Suppliers | 440/4 | €16,703 | €30,199 | +€13,496 | +80.8% |
| Taxes, remuneration and social security | 45 | €78 | €78 | = | 0.0% |
| Taxes | 450/3 | €78 | €78 | = | 0.0% |
| Other amounts payable | 47/48 | €7,782 | €9,577 | +€1,795 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,826 | €6,325 | +€1,499 | +31.1% |
| Other operating charges | 640/8 | €298 | €149 | -€149 | -50.0% |
| Gross operating margin | 9900 | -€4,300 | -€2,704 | +€1,596 | +37.1% |
| Operating profit (loss) | 9901 | -€9,424 | -€9,178 | +€246 | +2.6% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €154 | €83 | -€71 | -46.1% |
| Recurring financial charges | 65 | €154 | €83 | -€71 | -46.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,578 | -€9,259 | +€319 | +3.3% |
| Profit (loss) for the period | 9904 | -€9,578 | -€9,259 | +€319 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,578 | -€9,259 | +€319 | +3.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.