ND 97: 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 97
Largest movements
- Stocks and contracts +€111,039
up €111,039 (+52.6%), from €211,207 to €322,246
- Receivables within one year +€33,664
up €33,664 (+94.2%), from €35,729 to €69,393
of which Trade receivables: +€36,691
- Cash +€16,890
up €16,890 (+40.5%), from €41,660 to €58,550
mainly Trade debts (+€157,834) and Deferred charges and accrued income (+€4,219)
- Trade debts +€157,834
up €157,834 (+26.0%), from €606,786 to €764,620
- Turnover +€5.5m
new in 2025: €5.5m
- Purchases and services +€5.1m
new in 2025: €5.1m
- Gross operating margin +€360,298
up €360,298 (+199%), from €181,118 to €541,416
- Staff costs +€228,489
up €228,489 (+99.9%), from €228,611 to €457,100
- Other operating charges +€73,891
up €73,891 (+1,787%), from €4,134 to €78,025
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €308,497 | €468,091 | +€159,594 | +51.7% |
| Fixed assets | 21/28 | €5,450 | €7,670 | +€2,220 | +40.7% |
| Financial fixed assets | 28 | €5,450 | €7,670 | +€2,220 | +40.7% |
| Current assets | 29/58 | €303,047 | €460,421 | +€157,374 | +51.9% |
| Stocks and contracts in progress | 3 | €211,207 | €322,246 | +€111,039 | +52.6% |
| Stocks | 30/36 | €211,207 | €322,246 | +€111,039 | +52.6% |
| Amounts receivable within one year | 40/41 | €35,729 | €69,393 | +€33,664 | +94.2% |
| Trade receivables | 40 | €26,558 | €63,249 | +€36,691 | +138% |
| Other amounts receivable | 41 | €9,171 | €6,144 | -€3,027 | -33.0% |
| Cash at bank and in hand | 54/58 | €41,660 | €58,550 | +€16,890 | +40.5% |
| Deferred charges and accrued income | 490/1 | €14,451 | €10,232 | -€4,219 | -29.2% |
| Total equity and liabilities | 10/49 | €308,497 | €468,091 | +€159,594 | +51.7% |
| Equity | 10/15 | -€378,516 | -€376,329 | +€2,187 | +0.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€381,016 | -€378,829 | +€2,187 | +0.6% |
| Amounts payable | 17/49 | €687,013 | €844,420 | +€157,407 | +22.9% |
| Amounts payable within one year | 42/48 | €687,013 | €844,420 | +€157,407 | +22.9% |
| Trade debts | 44 | €606,786 | €764,620 | +€157,834 | +26.0% |
| Suppliers | 440/4 | €606,786 | €764,620 | +€157,834 | +26.0% |
| Taxes, remuneration and social security | 45 | €80,227 | €79,800 | -€427 | -0.5% |
| Taxes | 450/3 | €7,412 | €2,510 | -€4,902 | -66.1% |
| Remuneration and social security | 454/9 | €72,815 | €77,290 | +€4,475 | +6.1% |
| Turnover | 70 | - | €5,516,536 | +€5.5m | |
| Non-recurring operating income | 76A | - | €12,607 | +€12,607 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €5,144,134 | +€5.1m | |
| Remuneration, social security and pensions | 62 | €228,611 | €457,100 | +€228,489 | +99.9% |
| Other operating charges | 640/8 | €4,134 | €78,025 | +€73,891 | +1,787% |
| Gross operating margin | 9900 | €181,118 | €541,416 | +€360,298 | +199% |
| Operating profit (loss) | 9901 | -€51,627 | €6,291 | +€57,918 | |
| Financial income | 75/76B | €34 | €53 | +€19 | +55.9% |
| Recurring financial income | 75 | €34 | €53 | +€19 | +55.9% |
| Financial charges | 65/66B | €1,663 | €4,025 | +€2,362 | +142% |
| Recurring financial charges | 65 | €1,663 | €4,025 | +€2,362 | +142% |
| Profit (loss) for the period before taxes | 9903 | -€53,256 | €2,319 | +€55,575 | |
| Income taxes | 67/77 | €106 | €132 | +€26 | +24.5% |
| Profit (loss) for the period | 9904 | -€53,362 | €2,187 | +€55,549 | |
| Profit (loss) for the period to be appropriated | 9905 | -€53,362 | €2,187 | +€55,549 |
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 16 October 2026 via checked.be.