ND INVEST: what changed
ND INVEST
Largest movements
- Receivables within one year -€22,205
down €22,205 (-38.0%), from €58,467 to €36,262
of which Trade receivables: -€30,258
- Cash +€1,515
up €1,515 (+103%), from €1,475 to €2,990
- Profit (loss) carried forward -€11,555
down €11,555 (-60.9%), from €18,990 to €7,434
- Tax, wage and social debts -€6,128
down €6,128 (-35.3%), from €17,351 to €11,223
- Trade debts -€3,006
down €3,006 (-60.1%), from €5,001 to €1,995
- Gross operating margin -€23,257
down €23,257, from €16,133 to -€7,124
- Taxes +€6,564
up €6,564 (+196%), from €3,351 to €9,915
- Financial charges -€3,035
down €3,035 (-86.1%), from €3,523 to €488
Change in the result, 2023 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
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,941 | €39,252 | -€20,689 | -34.5% |
| Current assets | 29/58 | €59,941 | €39,252 | -€20,689 | -34.5% |
| Amounts receivable within one year | 40/41 | €58,467 | €36,262 | -€22,205 | -38.0% |
| Trade receivables | 40 | €32,178 | €1,920 | -€30,258 | -94.0% |
| Other amounts receivable | 41 | €26,289 | €34,343 | +€8,054 | +30.6% |
| Cash at bank and in hand | 54/58 | €1,475 | €2,990 | +€1,515 | +103% |
| Total equity and liabilities | 10/49 | €59,941 | €39,252 | -€20,689 | -34.5% |
| Equity | 10/15 | €37,590 | €26,034 | -€11,555 | -30.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,990 | €7,434 | -€11,555 | -60.9% |
| Amounts payable | 17/49 | €22,352 | €13,218 | -€9,134 | -40.9% |
| Amounts payable within one year | 42/48 | €22,352 | €13,218 | -€9,134 | -40.9% |
| Trade debts | 44 | €5,001 | €1,995 | -€3,006 | -60.1% |
| Suppliers | 440/4 | €5,001 | €1,995 | -€3,006 | -60.1% |
| Taxes, remuneration and social security | 45 | €17,351 | €11,223 | -€6,128 | -35.3% |
| Taxes | 450/3 | €17,351 | €11,223 | -€6,128 | -35.3% |
| Other operating charges | 640/8 | €108 | - | -€108 | |
| Non-recurring operating charges | 66A | €1,009 | €780 | -€229 | -22.7% |
| Gross operating margin | 9900 | €16,133 | -€7,124 | -€23,257 | |
| Operating profit (loss) | 9901 | €15,016 | -€7,904 | -€22,920 | |
| Financial charges | 65/66B | €3,523 | €488 | -€3,035 | -86.1% |
| Recurring financial charges | 65 | €3,523 | €488 | -€3,035 | -86.1% |
| Profit (loss) for the period before taxes | 9903 | €11,493 | -€8,392 | -€19,885 | |
| Income taxes | 67/77 | €3,351 | €9,915 | +€6,564 | +196% |
| Profit (loss) for the period | 9904 | €8,142 | -€18,307 | -€26,449 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,142 | -€18,307 | -€26,449 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.