ND 86: 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.
ND 86
Largest movements
- Stocks and contracts +€43,546
up €43,546 (+9.3%), from €468,462 to €512,008
- Deferred charges and accrued income -€39,702
down €39,702 (-66.5%), from €59,726 to €20,024
- Receivables within one year -€13,081
down €13,081 (-39.1%), from €33,463 to €20,382
of which Other amounts receivable: -€16,156
- Cash +€10,473
up €10,473 (+12.5%), from €83,700 to €94,173
mainly Deferred charges and accrued income (+€39,702) and Net result for the year (+€27,421)
- Profit (loss) carried forward +€27,421
up €27,421 (+18.8%), from €146,233 to €173,654
- Trade debts -€17,906
down €17,906 (-5.2%), from €343,322 to €325,416
- Turnover +€14.0m
new in 2025: €14.0m
- Purchases and services +€13.4m
new in 2025: €13.4m
- Gross operating margin -€236,560
down €236,560 (-21.7%), from €1.1m to €853,468
- Staff costs -€162,024
down €162,024 (-19.0%), from €854,928 to €692,904
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 | €653,411 | €657,117 | +€3,706 | +0.6% |
| Fixed assets | 21/28 | €8,060 | €10,530 | +€2,470 | +30.6% |
| Financial fixed assets | 28 | €8,060 | €10,530 | +€2,470 | +30.6% |
| Current assets | 29/58 | €645,351 | €646,587 | +€1,236 | +0.2% |
| Stocks and contracts in progress | 3 | €468,462 | €512,008 | +€43,546 | +9.3% |
| Stocks | 30/36 | €468,462 | €512,008 | +€43,546 | +9.3% |
| Amounts receivable within one year | 40/41 | €33,463 | €20,382 | -€13,081 | -39.1% |
| Trade receivables | 40 | €8,347 | €11,422 | +€3,075 | +36.8% |
| Other amounts receivable | 41 | €25,116 | €8,960 | -€16,156 | -64.3% |
| Cash at bank and in hand | 54/58 | €83,700 | €94,173 | +€10,473 | +12.5% |
| Deferred charges and accrued income | 490/1 | €59,726 | €20,024 | -€39,702 | -66.5% |
| Total equity and liabilities | 10/49 | €653,411 | €657,117 | +€3,706 | +0.6% |
| Equity | 10/15 | €152,633 | €180,054 | +€27,421 | +18.0% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,233 | €173,654 | +€27,421 | +18.8% |
| Amounts payable | 17/49 | €500,778 | €477,063 | -€23,715 | -4.7% |
| Amounts payable within one year | 42/48 | €500,778 | €477,063 | -€23,715 | -4.7% |
| Trade debts | 44 | €343,322 | €325,416 | -€17,906 | -5.2% |
| Suppliers | 440/4 | €343,322 | €325,416 | -€17,906 | -5.2% |
| Taxes, remuneration and social security | 45 | €157,333 | €151,464 | -€5,869 | -3.7% |
| Taxes | 450/3 | €33,581 | €45,807 | +€12,226 | +36.4% |
| Remuneration and social security | 454/9 | €123,752 | €105,657 | -€18,095 | -14.6% |
| Other amounts payable | 47/48 | €123 | €183 | +€60 | +48.8% |
| Turnover | 70 | - | €14,007,171 | +€14.0m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €13,422,082 | +€13.4m | |
| Remuneration, social security and pensions | 62 | €854,928 | €692,904 | -€162,024 | -19.0% |
| Other operating charges | 640/8 | €9,768 | €117,510 | +€107,742 | +1,103% |
| Gross operating margin | 9900 | €1,090,028 | €853,468 | -€236,560 | -21.7% |
| Operating profit (loss) | 9901 | €225,332 | €43,054 | -€182,278 | -80.9% |
| Financial income | 75/76B | €2,857 | €4,945 | +€2,088 | +73.1% |
| Recurring financial income | 75 | €2,857 | €4,945 | +€2,088 | +73.1% |
| Financial charges | 65/66B | €8,779 | €8,789 | +€10 | +0.1% |
| Recurring financial charges | 65 | €8,779 | €8,789 | +€10 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €219,410 | €39,210 | -€180,200 | -82.1% |
| Income taxes | 67/77 | €60,315 | €11,789 | -€48,526 | -80.5% |
| Profit (loss) for the period | 9904 | €159,095 | €27,421 | -€131,674 | -82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €159,095 | €27,421 | -€131,674 | -82.8% |
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 15 October 2026 via checked.be.