ND BETON: 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 BETON
Largest movements
- Tangible fixed assets -€33,784
down €33,784 (-39.3%), from €85,921 to €52,136
of which Plant, machinery and equipment: -€34,145
- Cash +€19,752
up €19,752 (+574%), from €3,443 to €23,195
mainly Trade debts (+€44,453) and Depreciation (+€43,062)
- Receivables within one year -€4,865
down €4,865 (-3.3%), from €147,589 to €142,724
of which Trade receivables: -€2,860
- Trade debts +€44,453
up €44,453 (+61.7%), from €72,032 to €116,485
- Reserves -€28,168
down €28,168 (-41.8%), from €67,346 to €39,178
- Debts after one year -€24,470
down €24,470 (-57.1%), from €42,888 to €18,418
- Other debts -€5,080
down €5,080 (-22.3%), from €22,824 to €17,744
- Tax, wage and social debts -€3,710
down €3,710 (-54.9%), from €6,760 to €3,049
of which Remuneration and social security: -€3,700
- Gross operating margin -€77,296
down €77,296 (-74.2%), from €104,207 to €26,911
- Depreciation -€8,171
down €8,171 (-15.9%), from €51,233 to €43,062
- Staff costs -€5,374
down €5,374 (-50.4%), from €10,664 to €5,290
- Financial charges -€1,755
down €1,755 (-38.7%), from €4,535 to €2,780
- Write-downs +€1,640
up €1,640, from €0 to €1,640
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 | €243,647 | €225,725 | -€17,922 | -7.4% |
| Fixed assets | 21/28 | €86,284 | €52,499 | -€33,784 | -39.2% |
| Tangible fixed assets | 22/27 | €85,921 | €52,136 | -€33,784 | -39.3% |
| Plant, machinery and equipment | 23 | €65,399 | €31,254 | -€34,145 | -52.2% |
| Furniture and vehicles | 24 | €20,521 | €20,882 | +€360 | +1.8% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €157,363 | €173,226 | +€15,863 | +10.1% |
| Amounts receivable within one year | 40/41 | €147,589 | €142,724 | -€4,865 | -3.3% |
| Trade receivables | 40 | €135,132 | €132,272 | -€2,860 | -2.1% |
| Other amounts receivable | 41 | €12,457 | €10,452 | -€2,005 | -16.1% |
| Cash at bank and in hand | 54/58 | €3,443 | €23,195 | +€19,752 | +574% |
| Deferred charges and accrued income | 490/1 | €6,331 | €7,307 | +€976 | +15.4% |
| Total equity and liabilities | 10/49 | €243,647 | €225,725 | -€17,922 | -7.4% |
| Equity | 10/15 | €69,346 | €41,178 | -€28,168 | -40.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €67,346 | €39,178 | -€28,168 | -41.8% |
| Distributable reserves | 133 | €67,346 | €39,178 | -€28,168 | -41.8% |
| Amounts payable | 17/49 | €174,301 | €184,547 | +€10,246 | +5.9% |
| Amounts payable after more than one year | 17 | €42,888 | €18,418 | -€24,470 | -57.1% |
| Financial debts | 170/4 | €42,888 | €18,418 | -€24,470 | -57.1% |
| Amounts payable within one year | 42/48 | €127,164 | €161,747 | +€34,584 | +27.2% |
| Current portion of amounts payable after more than one year | 42 | €25,548 | €24,470 | -€1,078 | -4.2% |
| Trade debts | 44 | €72,032 | €116,485 | +€44,453 | +61.7% |
| Suppliers | 440/4 | €72,032 | €116,485 | +€44,453 | +61.7% |
| Taxes, remuneration and social security | 45 | €6,760 | €3,049 | -€3,710 | -54.9% |
| Taxes | 450/3 | €560 | €549 | -€10 | -1.9% |
| Remuneration and social security | 454/9 | €6,200 | €2,500 | -€3,700 | -59.7% |
| Other amounts payable | 47/48 | €22,824 | €17,744 | -€5,080 | -22.3% |
| Accrued charges and deferred income | 492/3 | €4,250 | €4,382 | +€132 | +3.1% |
| Remuneration, social security and pensions | 62 | €10,664 | €5,290 | -€5,374 | -50.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,233 | €43,062 | -€8,171 | -15.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €1,640 | +€1,640 | |
| Other operating charges | 640/8 | €2,484 | €1,702 | -€783 | -31.5% |
| Gross operating margin | 9900 | €104,207 | €26,911 | -€77,296 | -74.2% |
| Operating profit (loss) | 9901 | €39,826 | -€24,784 | -€64,610 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,535 | €2,780 | -€1,755 | -38.7% |
| Recurring financial charges | 65 | €4,535 | €2,780 | -€1,755 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €35,290 | -€27,564 | -€62,854 | |
| Income taxes | 67/77 | €372 | €604 | +€232 | +62.3% |
| Profit (loss) for the period | 9904 | €34,918 | -€28,168 | -€63,086 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,918 | -€28,168 | -€63,086 |
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 28 October 2026 via checked.be.