ND GROUP: 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 GROUP
Largest movements
- Receivables after one year +€93,407
up €93,407 (+44.2%), from €211,224 to €304,631
- Cash -€38,992
down €38,992 (-95.7%), from €40,763 to €1,771
mainly Receivables after one year (-€93,407) and Trade debts (-€4,455)
- Receivables within one year -€22,683
down €22,683 (-53.6%), from €42,293 to €19,610
- Intangible fixed assets -€12,000
down €12,000 (-33.3%), from €35,986 to €23,986
- Reserves +€30,729
new in 2024: €30,729
- Trade debts -€4,455
down €4,455 (-46.7%), from €9,536 to €5,081
- Gross operating margin -€110,185
down €110,185 (-63.2%), from €174,312 to €64,126
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €334,415 | €358,291 | +€23,876 | +7.1% |
| Fixed assets | 21/28 | €39,325 | €27,940 | -€11,385 | -29.0% |
| Intangible fixed assets | 21 | €35,986 | €23,986 | -€12,000 | -33.3% |
| Tangible fixed assets | 22/27 | €3,250 | €3,865 | +€615 | +18.9% |
| Furniture and vehicles | 24 | €3,250 | €3,865 | +€615 | +18.9% |
| Financial fixed assets | 28 | €89 | €89 | = | 0.0% |
| Current assets | 29/58 | €295,090 | €330,351 | +€35,261 | +11.9% |
| Amounts receivable after more than one year | 29 | €211,224 | €304,631 | +€93,407 | +44.2% |
| Other amounts receivable | 291 | €211,224 | €304,631 | +€93,407 | +44.2% |
| Amounts receivable within one year | 40/41 | €42,293 | €19,610 | -€22,683 | -53.6% |
| Trade receivables | 40 | €42,293 | €19,610 | -€22,683 | -53.6% |
| Cash at bank and in hand | 54/58 | €40,763 | €1,771 | -€38,992 | -95.7% |
| Deferred charges and accrued income | 490/1 | €810 | €4,339 | +€3,529 | +436% |
| Total equity and liabilities | 10/49 | €334,415 | €358,291 | +€23,876 | +7.1% |
| Equity | 10/15 | €210,950 | €241,679 | +€30,729 | +14.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €30,729 | +€30,729 | |
| Distributable reserves | 133 | - | €30,729 | +€30,729 | |
| Profit (loss) carried forward | 14 | €205,950 | €205,950 | = | 0.0% |
| Amounts payable | 17/49 | €123,465 | €116,612 | -€6,853 | -5.6% |
| Amounts payable within one year | 42/48 | €123,465 | €116,612 | -€6,853 | -5.6% |
| Financial debts | 43 | - | €823 | +€823 | |
| Credit institutions | 430/8 | - | €823 | +€823 | |
| Trade debts | 44 | €9,536 | €5,081 | -€4,455 | -46.7% |
| Suppliers | 440/4 | €9,536 | €5,081 | -€4,455 | -46.7% |
| Taxes, remuneration and social security | 45 | €63,929 | €60,709 | -€3,221 | -5.0% |
| Taxes | 450/3 | €63,453 | €58,171 | -€5,283 | -8.3% |
| Remuneration and social security | 454/9 | €476 | €2,538 | +€2,062 | +433% |
| Other amounts payable | 47/48 | €50,000 | €50,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,967 | €13,932 | +€965 | +7.4% |
| Other operating charges | 640/8 | €0 | €1,151 | +€1,151 | +5,755,900% |
| Gross operating margin | 9900 | €174,312 | €64,126 | -€110,185 | -63.2% |
| Operating profit (loss) | 9901 | €161,345 | €49,043 | -€112,302 | -69.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €557 | €1,516 | +€959 | +172% |
| Recurring financial charges | 65 | €557 | €1,516 | +€959 | +172% |
| Profit (loss) for the period before taxes | 9903 | €160,788 | €47,527 | -€113,261 | -70.4% |
| Income taxes | 67/77 | €17,683 | €16,798 | -€885 | -5.0% |
| Profit (loss) for the period | 9904 | €143,105 | €30,729 | -€112,376 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €143,105 | €30,729 | -€112,376 | -78.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.