ND 95: what changed
ND 95
Largest movements
- Stocks and contracts +€113,962
up €113,962 (+48.6%), from €234,360 to €348,322
- Receivables within one year +€80,073
up €80,073 (+317%), from €25,259 to €105,332
of which Trade receivables: +€72,441
- Deferred charges and accrued income +€27,154
up €27,154 (+378%), from €7,185 to €34,339
- Cash +€24,706
up €24,706 (+59.7%), from €41,350 to €66,056
mainly Trade debts (+€242,098) and Tax, wage and social debts (+€6,211)
- Trade debts +€242,098
up €242,098 (+44.2%), from €547,340 to €789,438
- Tax, wage and social debts +€6,211
up €6,211 (+7.4%), from €84,194 to €90,405
of which Remuneration and social security: +€9,362
- Turnover +€7.2m
new in 2025: €7.2m
- Purchases and services +€6.7m
new in 2025: €6.7m
- Gross operating margin +€397,547
up €397,547 (+189%), from €210,510 to €608,057
- Staff costs +€288,373
up €288,373 (+131%), from €220,831 to €509,204
- Other operating charges +€83,077
up €83,077 (+1,263%), from €6,580 to €89,657
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 | €312,704 | €563,099 | +€250,395 | +80.1% |
| Fixed assets | 21/28 | €4,550 | €9,050 | +€4,500 | +98.9% |
| Financial fixed assets | 28 | €4,550 | €9,050 | +€4,500 | +98.9% |
| Current assets | 29/58 | €308,154 | €554,049 | +€245,895 | +79.8% |
| Stocks and contracts in progress | 3 | €234,360 | €348,322 | +€113,962 | +48.6% |
| Stocks | 30/36 | €234,360 | €348,322 | +€113,962 | +48.6% |
| Amounts receivable within one year | 40/41 | €25,259 | €105,332 | +€80,073 | +317% |
| Trade receivables | 40 | €21,382 | €93,823 | +€72,441 | +339% |
| Other amounts receivable | 41 | €3,877 | €11,509 | +€7,632 | +197% |
| Cash at bank and in hand | 54/58 | €41,350 | €66,056 | +€24,706 | +59.7% |
| Deferred charges and accrued income | 490/1 | €7,185 | €34,339 | +€27,154 | +378% |
| Total equity and liabilities | 10/49 | €312,704 | €563,099 | +€250,395 | +80.1% |
| Equity | 10/15 | -€318,854 | -€316,769 | +€2,085 | +0.7% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€325,254 | -€323,169 | +€2,085 | +0.6% |
| Amounts payable | 17/49 | €631,558 | €879,868 | +€248,310 | +39.3% |
| Amounts payable within one year | 42/48 | €631,558 | €879,868 | +€248,310 | +39.3% |
| Trade debts | 44 | €547,340 | €789,438 | +€242,098 | +44.2% |
| Suppliers | 440/4 | €547,340 | €789,438 | +€242,098 | +44.2% |
| Taxes, remuneration and social security | 45 | €84,194 | €90,405 | +€6,211 | +7.4% |
| Taxes | 450/3 | €6,622 | €3,471 | -€3,151 | -47.6% |
| Remuneration and social security | 454/9 | €77,572 | €86,934 | +€9,362 | +12.1% |
| Other amounts payable | 47/48 | €24 | €25 | +€1 | +4.2% |
| Turnover | 70 | - | €7,223,516 | +€7.2m | |
| Non-recurring operating income | 76A | - | €4,088 | +€4,088 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €6,746,476 | +€6.7m | |
| Remuneration, social security and pensions | 62 | €220,831 | €509,204 | +€288,373 | +131% |
| Other operating charges | 640/8 | €6,580 | €89,657 | +€83,077 | +1,263% |
| Gross operating margin | 9900 | €210,510 | €608,057 | +€397,547 | +189% |
| Operating profit (loss) | 9901 | -€16,901 | €9,196 | +€26,097 | |
| Financial income | 75/76B | €14 | €365 | +€351 | +2,507% |
| Recurring financial income | 75 | €14 | €365 | +€351 | +2,507% |
| Financial charges | 65/66B | €3,354 | €7,269 | +€3,915 | +117% |
| Recurring financial charges | 65 | €3,354 | €7,269 | +€3,915 | +117% |
| Profit (loss) for the period before taxes | 9903 | -€20,241 | €2,292 | +€22,533 | |
| Income taxes | 67/77 | €111 | €207 | +€96 | +86.5% |
| Profit (loss) for the period | 9904 | -€20,352 | €2,085 | +€22,437 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,352 | €2,085 | +€22,437 |
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 2 November 2026 via checked.be.