ND 81: what changed
ND 81
Largest movements
- Stocks and contracts +€39,677
up €39,677 (+16.2%), from €244,604 to €284,281
- Receivables within one year +€28,020
up €28,020 (+314%), from €8,911 to €36,931
of which Trade receivables: +€27,518
- Trade debts +€70,205
up €70,205 (+27.6%), from €254,198 to €324,403
- Other debts -€9,711
down €9,711 (-99.0%), from €9,811 to €100
- Profit (loss) carried forward +€7,591
up €7,591 (+18.7%), from -€40,660 to -€33,069
- Tax, wage and social debts +€6,809
up €6,809 (+7.1%), from €95,786 to €102,595
of which Remuneration and social security: +€6,014
- Turnover +€7.1m
new in 2025: €7.1m
- Purchases and services +€6.6m
new in 2025: €6.6m
- Gross operating margin +€276,332
up €276,332 (+70.7%), from €391,098 to €667,430
- Staff costs +€173,828
up €173,828 (+40.6%), from €428,080 to €601,908
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €325,535 | €400,429 | +€74,894 | +23.0% |
| Fixed assets | 21/28 | €4,490 | €6,470 | +€1,980 | +44.1% |
| Financial fixed assets | 28 | €4,490 | €6,470 | +€1,980 | +44.1% |
| Current assets | 29/58 | €321,045 | €393,959 | +€72,914 | +22.7% |
| Stocks and contracts in progress | 3 | €244,604 | €284,281 | +€39,677 | +16.2% |
| Stocks | 30/36 | €244,604 | €284,281 | +€39,677 | +16.2% |
| Amounts receivable within one year | 40/41 | €8,911 | €36,931 | +€28,020 | +314% |
| Trade receivables | 40 | €6,932 | €34,450 | +€27,518 | +397% |
| Other amounts receivable | 41 | €1,979 | €2,481 | +€502 | +25.4% |
| Cash at bank and in hand | 54/58 | €51,242 | €54,102 | +€2,860 | +5.6% |
| Deferred charges and accrued income | 490/1 | €16,288 | €18,645 | +€2,357 | +14.5% |
| Total equity and liabilities | 10/49 | €325,535 | €400,429 | +€74,894 | +23.0% |
| Equity | 10/15 | -€34,260 | -€26,669 | +€7,591 | +22.2% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,660 | -€33,069 | +€7,591 | +18.7% |
| Amounts payable | 17/49 | €359,795 | €427,098 | +€67,303 | +18.7% |
| Amounts payable within one year | 42/48 | €359,795 | €427,098 | +€67,303 | +18.7% |
| Trade debts | 44 | €254,198 | €324,403 | +€70,205 | +27.6% |
| Suppliers | 440/4 | €254,198 | €324,403 | +€70,205 | +27.6% |
| Taxes, remuneration and social security | 45 | €95,786 | €102,595 | +€6,809 | +7.1% |
| Taxes | 450/3 | €2,955 | €3,750 | +€795 | +26.9% |
| Remuneration and social security | 454/9 | €92,831 | €98,845 | +€6,014 | +6.5% |
| Other amounts payable | 47/48 | €9,811 | €100 | -€9,711 | -99.0% |
| Turnover | 70 | - | €7,139,844 | +€7.1m | |
| Non-recurring operating income | 76A | - | €10,233 | +€10,233 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €6,596,312 | +€6.6m | |
| Remuneration, social security and pensions | 62 | €428,080 | €601,908 | +€173,828 | +40.6% |
| Other operating charges | 640/8 | €3,797 | €49,554 | +€45,757 | +1,205% |
| Gross operating margin | 9900 | €391,098 | €667,430 | +€276,332 | +70.7% |
| Operating profit (loss) | 9901 | -€40,779 | €15,968 | +€56,747 | |
| Financial income | 75/76B | €28 | €2,549 | +€2,521 | +9,004% |
| Recurring financial income | 75 | €28 | €2,549 | +€2,521 | +9,004% |
| Financial charges | 65/66B | €6,046 | €9,829 | +€3,783 | +62.6% |
| Recurring financial charges | 65 | €6,046 | €9,829 | +€3,783 | +62.6% |
| Profit (loss) for the period before taxes | 9903 | -€46,797 | €8,688 | +€55,485 | |
| Income taxes | 67/77 | €117 | €1,097 | +€980 | +838% |
| Profit (loss) for the period | 9904 | -€46,914 | €7,591 | +€54,505 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,914 | €7,591 | +€54,505 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.