ND Concepts: 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 Concepts
Largest movements
- Cash +€5,324
up €5,324 (+84.9%), from €6,271 to €11,595
mainly Net result for the year (+€15,320) and Depreciation (+€4,924)
- Tangible fixed assets +€3,310
up €3,310 (+31.7%), from €10,449 to €13,760
of which Furniture and vehicles: +€3,359
- Receivables within one year +€3,202
up €3,202 (+18.2%), from €17,576 to €20,777
of which Trade receivables: +€6,616
- Deferred charges and accrued income +€766
new in 2025: €766
- Formation expenses -€751
down €751 (-98.3%), from €764 to €13
- Reserves +€15,320
up €15,320 (+88.2%), from €17,378 to €32,698
- Tax, wage and social debts -€1,753
down €1,753 (-26.5%), from €6,609 to €4,856
- Trade debts -€1,620
down €1,620 (-79.4%), from €2,039 to €419
- Gross operating margin +€9,646
up €9,646 (+56.5%), from €17,081 to €26,726
- Other operating charges -€2,218
down €2,218 (-79.1%), from €2,806 to €588
- Taxes +€2,052
up €2,052 (+73.2%), from €2,804 to €4,856
- Depreciation +€1,320
up €1,320 (+36.6%), from €3,605 to €4,924
- Financial charges +€1,015
up €1,015 (+478.7%), from €212 to €1,228
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 | €36,885 | €48,736 | +€11,851 | +32.1% |
| Formation expenses | 20 | €764 | €13 | -€751 | -98.3% |
| Fixed assets | 21/28 | €12,274 | €15,585 | +€3,310 | +27.0% |
| Tangible fixed assets | 22/27 | €10,449 | €13,760 | +€3,310 | +31.7% |
| Plant, machinery and equipment | 23 | €3,977 | €3,783 | -€194 | -4.9% |
| Furniture and vehicles | 24 | €4,323 | €7,683 | +€3,359 | +77.7% |
| Other tangible fixed assets | 26 | €2,149 | €2,294 | +€145 | +6.7% |
| Financial fixed assets | 28 | €1,825 | €1,825 | = | 0.0% |
| Current assets | 29/58 | €23,846 | €33,138 | +€9,292 | +39.0% |
| Amounts receivable within one year | 40/41 | €17,576 | €20,777 | +€3,202 | +18.2% |
| Trade receivables | 40 | €7,168 | €13,784 | +€6,616 | +92.3% |
| Other amounts receivable | 41 | €10,408 | €6,994 | -€3,414 | -32.8% |
| Cash at bank and in hand | 54/58 | €6,271 | €11,595 | +€5,324 | +84.9% |
| Deferred charges and accrued income | 490/1 | - | €766 | +€766 | |
| Total equity and liabilities | 10/49 | €36,885 | €48,736 | +€11,851 | +32.1% |
| Equity | 10/15 | €22,378 | €37,698 | +€15,320 | +68.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,378 | €32,698 | +€15,320 | +88.2% |
| Distributable reserves | 133 | €17,378 | €32,698 | +€15,320 | +88.2% |
| Amounts payable | 17/49 | €14,507 | €11,038 | -€3,469 | -23.9% |
| Amounts payable within one year | 42/48 | €14,507 | €11,038 | -€3,469 | -23.9% |
| Trade debts | 44 | €2,039 | €419 | -€1,620 | -79.4% |
| Suppliers | 440/4 | €2,039 | €419 | -€1,620 | -79.4% |
| Taxes, remuneration and social security | 45 | €6,609 | €4,856 | -€1,753 | -26.5% |
| Taxes | 450/3 | €6,609 | €4,856 | -€1,753 | -26.5% |
| Other amounts payable | 47/48 | €5,859 | €5,763 | -€96 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,605 | €4,924 | +€1,320 | +36.6% |
| Other operating charges | 640/8 | €2,806 | €588 | -€2,218 | -79.1% |
| Non-recurring operating charges | 66A | - | €176 | +€176 | |
| Gross operating margin | 9900 | €17,081 | €26,726 | +€9,646 | +56.5% |
| Operating profit (loss) | 9901 | €10,670 | €21,039 | +€10,369 | +97.2% |
| Financial income | 75/76B | €1 | €364 | +€363 | +51922.9% |
| Recurring financial income | 75 | €1 | €364 | +€363 | +51922.9% |
| Financial charges | 65/66B | €212 | €1,228 | +€1,015 | +478.7% |
| Recurring financial charges | 65 | €212 | €1,228 | +€1,015 | +478.7% |
| Profit (loss) for the period before taxes | 9903 | €10,459 | €20,175 | +€9,717 | +92.9% |
| Income taxes | 67/77 | €2,804 | €4,856 | +€2,052 | +73.2% |
| Profit (loss) for the period | 9904 | €7,655 | €15,320 | +€7,665 | +100.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,655 | €15,320 | +€7,665 | +100.1% |
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 11 October 2026 via checked.be.