ND-EYES: 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-EYES
Largest movements
- Cash +€182,946
up €182,946 (+274%), from €66,720 to €249,666
mainly Net result for the year (+€116,857) and Provisions (+€72,200)
- Receivables within one year +€25,046
up €25,046 (+55.4%), from €45,178 to €70,224
- Tangible fixed assets -€7,497
down €7,497 (-30.5%), from €24,565 to €17,068
of which Furniture and vehicles: -€10,980
- Profit (loss) carried forward +€116,857
up €116,857 (+104%), from €112,683 to €229,540
- Provisions +€72,200
new in 2025: €72,200
- Trade debts +€6,960
up €6,960 (+145%), from €4,785 to €11,744
- Tax, wage and social debts +€4,503
up €4,503 (+28.5%), from €15,822 to €20,325
of which Remuneration and social security: +€2,970
- Gross operating margin +€111,372
up €111,372 (+76.1%), from €146,435 to €257,807
- Provisions +€72,200
new in 2025: €72,200
- Taxes +€27,998
up €27,998 (+88.4%), from €31,672 to €59,670
- Other operating charges +€4,636
up €4,636 (+1,197%), from €387 to €5,023
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 | €138,780 | €339,026 | +€200,246 | +144% |
| Fixed assets | 21/28 | €24,565 | €17,068 | -€7,497 | -30.5% |
| Tangible fixed assets | 22/27 | €24,565 | €17,068 | -€7,497 | -30.5% |
| Plant, machinery and equipment | 23 | €12,225 | €15,709 | +€3,484 | +28.5% |
| Furniture and vehicles | 24 | €12,340 | €1,359 | -€10,980 | -89.0% |
| Current assets | 29/58 | €114,215 | €321,958 | +€207,743 | +182% |
| Amounts receivable within one year | 40/41 | €45,178 | €70,224 | +€25,046 | +55.4% |
| Trade receivables | 40 | €45,178 | €70,224 | +€25,046 | +55.4% |
| Cash at bank and in hand | 54/58 | €66,720 | €249,666 | +€182,946 | +274% |
| Deferred charges and accrued income | 490/1 | €2,318 | €2,068 | -€250 | -10.8% |
| Total equity and liabilities | 10/49 | €138,780 | €339,026 | +€200,246 | +144% |
| Equity | 10/15 | €117,683 | €234,540 | +€116,857 | +99.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,683 | €229,540 | +€116,857 | +104% |
| Provisions and deferred taxes | 16 | - | €72,200 | +€72,200 | |
| Provisions for liabilities and charges | 160/5 | - | €72,200 | +€72,200 | |
| Other liabilities and charges | 164/5 | - | €72,200 | +€72,200 | |
| Amounts payable | 17/49 | €21,096 | €32,286 | +€11,189 | +53.0% |
| Amounts payable within one year | 42/48 | €21,096 | €32,286 | +€11,189 | +53.0% |
| Trade debts | 44 | €4,785 | €11,744 | +€6,960 | +145% |
| Suppliers | 440/4 | €4,785 | €11,744 | +€6,960 | +145% |
| Taxes, remuneration and social security | 45 | €15,822 | €20,325 | +€4,503 | +28.5% |
| Taxes | 450/3 | €15,822 | €17,355 | +€1,533 | +9.7% |
| Remuneration and social security | 454/9 | - | €2,970 | +€2,970 | |
| Other amounts payable | 47/48 | €490 | €216 | -€273 | -55.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,620 | €3,864 | +€2,243 | +138% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €72,200 | +€72,200 | |
| Other operating charges | 640/8 | €387 | €5,023 | +€4,636 | +1,197% |
| Gross operating margin | 9900 | €146,435 | €257,807 | +€111,372 | +76.1% |
| Operating profit (loss) | 9901 | €144,427 | €176,720 | +€32,293 | +22.4% |
| Financial income | 75/76B | €16 | €0 | -€16 | -99.9% |
| Recurring financial income | 75 | €16 | €0 | -€16 | -99.9% |
| Financial charges | 65/66B | €88 | €193 | +€105 | +119% |
| Recurring financial charges | 65 | €88 | €193 | +€105 | +119% |
| Profit (loss) for the period before taxes | 9903 | €144,355 | €176,527 | +€32,172 | +22.3% |
| Income taxes | 67/77 | €31,672 | €59,670 | +€27,998 | +88.4% |
| Profit (loss) for the period | 9904 | €112,683 | €116,857 | +€4,174 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €112,683 | €116,857 | +€4,174 | +3.7% |
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 24 October 2026 via checked.be.