ND-GROEP: what changed
Two fiscal 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-GROEP
Largest movements
- Tangible fixed assets -€24,781
down €24,781 (-11.7%), from €212,072 to €187,291
- Profit (loss) carried forward -€26,714
down €26,714 (-53.9%), from -€49,522 to -€76,236
- Other debts +€7,493
up €7,493 (+3.2%), from €235,550 to €243,043
- Trade debts -€4,236
down €4,236 (-54.4%), from €7,788 to €3,552
- Depreciation +€24,781
new in 2025: €24,781
- Gross operating margin +€4,562
up €4,562 (+75.6%), from -€6,038 to -€1,476
- Other operating charges -€2,189
down €2,189 (-84.6%), from €2,588 to €400
- Financial charges -€258
down €258 (-81.9%), from €315 to €57
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 | €212,416 | €188,967 | -€23,449 | -11.0% |
| Fixed assets | 21/28 | €212,072 | €187,291 | -€24,781 | -11.7% |
| Tangible fixed assets | 22/27 | €212,072 | €187,291 | -€24,781 | -11.7% |
| Land and buildings | 22 | €212,072 | €187,291 | -€24,781 | -11.7% |
| Current assets | 29/58 | €344 | €1,676 | +€1,332 | +387.0% |
| Cash at bank and in hand | 54/58 | €344 | €0 | -€344 | -100.0% |
| Deferred charges and accrued income | 490/1 | - | €1,676 | +€1,676 | |
| Total equity and liabilities | 10/49 | €212,416 | €188,967 | -€23,449 | -11.0% |
| Equity | 10/15 | -€30,922 | -€57,636 | -€26,714 | -86.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,522 | -€76,236 | -€26,714 | -53.9% |
| Amounts payable | 17/49 | €243,338 | €246,603 | +€3,265 | +1.3% |
| Amounts payable within one year | 42/48 | €243,338 | €246,603 | +€3,265 | +1.3% |
| Financial debts | 43 | - | €7 | +€7 | |
| Credit institutions | 430/8 | - | €7 | +€7 | |
| Trade debts | 44 | €7,788 | €3,552 | -€4,236 | -54.4% |
| Suppliers | 440/4 | €7,788 | €3,552 | -€4,236 | -54.4% |
| Other amounts payable | 47/48 | €235,550 | €243,043 | +€7,493 | +3.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €24,781 | +€24,781 | |
| Other operating charges | 640/8 | €2,588 | €400 | -€2,189 | -84.6% |
| Gross operating margin | 9900 | -€6,038 | -€1,476 | +€4,562 | +75.6% |
| Operating profit (loss) | 9901 | -€8,626 | -€26,657 | -€18,031 | -209.0% |
| Financial charges | 65/66B | €315 | €57 | -€258 | -81.9% |
| Recurring financial charges | 65 | €315 | €57 | -€258 | -81.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,941 | -€26,714 | -€17,773 | -198.8% |
| Profit (loss) for the period | 9904 | -€8,941 | -€26,714 | -€17,773 | -198.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,941 | -€26,714 | -€17,773 | -198.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.