ND FOOD: what changed
ND FOOD
Largest movements
- Receivables within one year +€14,692
up €14,692 (+42.5%), from €34,582 to €49,274
of which Trade receivables: +€16,892
- Tangible fixed assets -€6,743
down €6,743 (-92.1%), from €7,322 to €579
of which Other tangible fixed assets: -€6,280
- Stocks and contracts -€2,080
down €2,080 (-8.0%), from €25,996 to €23,916
- Tax, wage and social debts -€17,600
down €17,600 (-33.0%), from €53,306 to €35,706
of which Taxes: -€9,087
- Profit (loss) carried forward +€16,296
up €16,296 (+10.9%), from -€148,978 to -€132,682
- Trade debts +€5,108
up €5,108 (+8.1%), from €62,962 to €68,070
- Other debts +€2,347
up €2,347 (+5.2%), from €44,803 to €47,150
- Staff costs -€40,841
down €40,841 (-21.7%), from €188,423 to €147,581
- Gross operating margin -€13,785
down €13,785 (-7.3%), from €188,720 to €174,935
- Financial income +€12,360
up €12,360 (+2,534%), from €488 to €12,848
- Financial charges +€5,756
up €5,756 (+54.6%), from €10,543 to €16,299
- Depreciation -€3,140
down €3,140 (-31.8%), from €9,883 to €6,743
Change in the result, 2024 to 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 2024 and 2025 balance sheets and the 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,892 | €83,043 | +€6,151 | +8.0% |
| Fixed assets | 21/28 | €11,742 | €5,069 | -€6,673 | -56.8% |
| Tangible fixed assets | 22/27 | €7,322 | €579 | -€6,743 | -92.1% |
| Furniture and vehicles | 24 | €1,042 | €579 | -€463 | -44.4% |
| Other tangible fixed assets | 26 | €6,280 | €0 | -€6,280 | -100% |
| Financial fixed assets | 28 | €4,420 | €4,490 | +€70 | +1.6% |
| Current assets | 29/58 | €65,150 | €77,974 | +€12,824 | +19.7% |
| Stocks and contracts in progress | 3 | €25,996 | €23,916 | -€2,080 | -8.0% |
| Stocks | 30/36 | €25,996 | €23,916 | -€2,080 | -8.0% |
| Amounts receivable within one year | 40/41 | €34,582 | €49,274 | +€14,692 | +42.5% |
| Trade receivables | 40 | €22,048 | €38,940 | +€16,892 | +76.6% |
| Other amounts receivable | 41 | €12,534 | €10,334 | -€2,200 | -17.6% |
| Cash at bank and in hand | 54/58 | €3,199 | €3,462 | +€263 | +8.2% |
| Deferred charges and accrued income | 490/1 | €1,373 | €1,322 | -€51 | -3.7% |
| Total equity and liabilities | 10/49 | €76,892 | €83,043 | +€6,151 | +8.0% |
| Equity | 10/15 | -€84,178 | -€67,882 | +€16,296 | +19.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,800 | €2,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,800 | €2,800 | = | 0.0% |
| Legal reserve | 130 | €2,800 | €2,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€148,978 | -€132,682 | +€16,296 | +10.9% |
| Amounts payable | 17/49 | €161,070 | €150,925 | -€10,145 | -6.3% |
| Amounts payable within one year | 42/48 | €161,070 | €150,925 | -€10,145 | -6.3% |
| Trade debts | 44 | €62,962 | €68,070 | +€5,108 | +8.1% |
| Suppliers | 440/4 | €62,962 | €68,070 | +€5,108 | +8.1% |
| Taxes, remuneration and social security | 45 | €53,306 | €35,706 | -€17,600 | -33.0% |
| Taxes | 450/3 | €9,656 | €569 | -€9,087 | -94.1% |
| Remuneration and social security | 454/9 | €43,650 | €35,137 | -€8,513 | -19.5% |
| Other amounts payable | 47/48 | €44,803 | €47,150 | +€2,347 | +5.2% |
| Remuneration, social security and pensions | 62 | €188,423 | €147,581 | -€40,841 | -21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,883 | €6,743 | -€3,140 | -31.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €225 | +€225 | |
| Other operating charges | 640/8 | €603 | €638 | +€35 | +5.8% |
| Gross operating margin | 9900 | €188,720 | €174,935 | -€13,785 | -7.3% |
| Operating profit (loss) | 9901 | -€10,189 | €19,747 | +€29,936 | |
| Financial income | 75/76B | €488 | €12,848 | +€12,360 | +2,534% |
| Recurring financial income | 75 | €488 | €12,848 | +€12,360 | +2,534% |
| Financial charges | 65/66B | €10,543 | €16,299 | +€5,756 | +54.6% |
| Recurring financial charges | 65 | €10,543 | €16,299 | +€5,756 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | -€20,244 | €16,296 | +€36,540 | |
| Profit (loss) for the period | 9904 | -€20,244 | €16,296 | +€36,540 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,244 | €16,296 | +€36,540 |
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 3 November 2026 via checked.be.