ND 88: 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 88
Largest movements
- Receivables within one year +€112,589
up €112,589 (+339.2%), from €33,194 to €145,783
of which Trade receivables: +€118,986
- Stocks and contracts +€62,855
up €62,855 (+16.3%), from €384,456 to €447,311
- Deferred charges and accrued income -€29,673
down €29,673 (-78.4%), from €37,865 to €8,192
- Trade debts +€139,609
up €139,609 (+16.0%), from €869,913 to €1.0m
- Tax, wage and social debts +€7,065
up €7,065 (+5.3%), from €133,561 to €140,626
of which Remuneration and social security: +€11,904
- Turnover +€10.2m
new in 2025: €10.2m
- Purchases and services +€9.6m
new in 2025: €9.6m
- Gross operating margin +€217,176
up €217,176 (+32.2%), from €674,498 to €891,674
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
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 | €533,477 | €680,404 | +€146,927 | +27.5% |
| Fixed assets | 21/28 | €2,460 | €2,520 | +€60 | +2.4% |
| Financial fixed assets | 28 | €2,460 | €2,520 | +€60 | +2.4% |
| Current assets | 29/58 | €531,017 | €677,884 | +€146,867 | +27.7% |
| Stocks and contracts in progress | 3 | €384,456 | €447,311 | +€62,855 | +16.3% |
| Stocks | 30/36 | €384,456 | €447,311 | +€62,855 | +16.3% |
| Amounts receivable within one year | 40/41 | €33,194 | €145,783 | +€112,589 | +339.2% |
| Trade receivables | 40 | €17,257 | €136,243 | +€118,986 | +689.5% |
| Other amounts receivable | 41 | €15,937 | €9,540 | -€6,397 | -40.1% |
| Cash at bank and in hand | 54/58 | €75,502 | €76,598 | +€1,096 | +1.5% |
| Deferred charges and accrued income | 490/1 | €37,865 | €8,192 | -€29,673 | -78.4% |
| Total equity and liabilities | 10/49 | €533,477 | €680,404 | +€146,927 | +27.5% |
| Equity | 10/15 | -€471,496 | -€469,744 | +€1,752 | +0.4% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Capital | 10 | €6,400 | - | -€6,400 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,200 | - | -€12,200 | |
| Profit (loss) carried forward | 14 | -€477,896 | -€476,144 | +€1,752 | +0.4% |
| Amounts payable | 17/49 | €1,004,973 | €1,150,148 | +€145,175 | +14.4% |
| Amounts payable within one year | 42/48 | €1,004,973 | €1,150,148 | +€145,175 | +14.4% |
| Trade debts | 44 | €869,913 | €1,009,522 | +€139,609 | +16.0% |
| Suppliers | 440/4 | €869,913 | €1,009,522 | +€139,609 | +16.0% |
| Taxes, remuneration and social security | 45 | €133,561 | €140,626 | +€7,065 | +5.3% |
| Taxes | 450/3 | €8,148 | €3,309 | -€4,839 | -59.4% |
| Remuneration and social security | 454/9 | €125,413 | €137,317 | +€11,904 | +9.5% |
| Other amounts payable | 47/48 | €1,499 | - | -€1,499 | |
| Turnover | 70 | - | €10,232,536 | +€10.2m | |
| Non-recurring operating income | 76A | - | €14,409 | +€14,409 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €9,626,729 | +€9.6m | |
| Remuneration, social security and pensions | 62 | €708,171 | €785,882 | +€77,711 | +11.0% |
| Other operating charges | 640/8 | €14,844 | €97,433 | +€82,589 | +556.4% |
| Gross operating margin | 9900 | €674,498 | €891,674 | +€217,176 | +32.2% |
| Operating profit (loss) | 9901 | -€48,517 | €8,359 | +€56,876 | |
| Financial income | 75/76B | €46 | €1,520 | +€1,474 | +3204.3% |
| Recurring financial income | 75 | €46 | €1,520 | +€1,474 | +3204.3% |
| Financial charges | 65/66B | €10,809 | €7,870 | -€2,939 | -27.2% |
| Recurring financial charges | 65 | €10,809 | €7,870 | -€2,939 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | -€59,280 | €2,009 | +€61,289 | |
| Income taxes | 67/77 | €293 | €257 | -€36 | -12.3% |
| Profit (loss) for the period | 9904 | -€59,573 | €1,752 | +€61,325 | |
| Profit (loss) for the period to be appropriated | 9905 | -€59,573 | €1,752 | +€61,325 |
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 9 October 2026 via checked.be.