ND Stabilité: 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 Stabilité
Largest movements
- Receivables within one year +€60,308
up €60,308 (+65.6%), from €91,933 to €152,240
of which Other amounts receivable: +€55,590
- Intangible fixed assets -€22,857
down €22,857 (-21.1%), from €108,571 to €85,714
- Tangible fixed assets -€7,013
down €7,013 (-17.3%), from €40,452 to €33,439
of which Furniture and vehicles: -€6,341
- Cash +€5,629
up €5,629 (+24.3%), from €23,136 to €28,764
mainly Net result for the year (+€60,675) and Depreciation (+€38,442)
- Profit (loss) carried forward +€60,675
up €60,675 (+65.1%), from €93,258 to €153,934
- Debts after one year -€22,784
down €22,784 (-23.5%), from €96,894 to €74,110
- Current portion of long-term debt -€7,693
down €7,693 (-25.2%), from €30,476 to €22,784
- Tax, wage and social debts +€4,963
up €4,963 (+12.8%), from €38,888 to €43,851
of which Taxes: +€7,563
- Gross operating margin +€18,550
up €18,550 (+17.5%), from €105,969 to €124,519
- Taxes +€4,313
up €4,313 (+29.4%), from €14,646 to €18,959
- Depreciation +€2,327
up €2,327 (+6.4%), from €36,115 to €38,442
- Financial charges -€1,370
down €1,370 (-18.8%), from €7,285 to €5,915
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 | €264,092 | €300,718 | +€36,626 | +13.9% |
| Fixed assets | 21/28 | €149,023 | €119,154 | -€29,870 | -20.0% |
| Intangible fixed assets | 21 | €108,571 | €85,714 | -€22,857 | -21.1% |
| Tangible fixed assets | 22/27 | €40,452 | €33,439 | -€7,013 | -17.3% |
| Plant, machinery and equipment | 23 | €4,672 | €4,001 | -€671 | -14.4% |
| Furniture and vehicles | 24 | €35,780 | €29,439 | -€6,341 | -17.7% |
| Current assets | 29/58 | €115,068 | €181,564 | +€66,496 | +57.8% |
| Amounts receivable within one year | 40/41 | €91,933 | €152,240 | +€60,308 | +65.6% |
| Trade receivables | 40 | €43,758 | €48,476 | +€4,718 | +10.8% |
| Other amounts receivable | 41 | €48,175 | €103,764 | +€55,590 | +115.4% |
| Cash at bank and in hand | 54/58 | €23,136 | €28,764 | +€5,629 | +24.3% |
| Deferred charges and accrued income | 490/1 | - | €559 | +€559 | |
| Total equity and liabilities | 10/49 | €264,092 | €300,718 | +€36,626 | +13.9% |
| Equity | 10/15 | €95,758 | €156,434 | +€60,675 | +63.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,258 | €153,934 | +€60,675 | +65.1% |
| Amounts payable | 17/49 | €168,333 | €144,284 | -€24,049 | -14.3% |
| Amounts payable after more than one year | 17 | €96,894 | €74,110 | -€22,784 | -23.5% |
| Financial debts | 170/4 | €96,894 | €74,110 | -€22,784 | -23.5% |
| Amounts payable within one year | 42/48 | €71,439 | €70,174 | -€1,265 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €30,476 | €22,784 | -€7,693 | -25.2% |
| Trade debts | 44 | €2,075 | €3,540 | +€1,464 | +70.6% |
| Suppliers | 440/4 | €2,075 | €3,540 | +€1,464 | +70.6% |
| Taxes, remuneration and social security | 45 | €38,888 | €43,851 | +€4,963 | +12.8% |
| Taxes | 450/3 | €36,288 | €43,851 | +€7,563 | +20.8% |
| Remuneration and social security | 454/9 | €2,600 | - | -€2,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,115 | €38,442 | +€2,327 | +6.4% |
| Other operating charges | 640/8 | €1,220 | €528 | -€691 | -56.7% |
| Gross operating margin | 9900 | €105,969 | €124,519 | +€18,550 | +17.5% |
| Operating profit (loss) | 9901 | €68,635 | €85,550 | +€16,915 | +24.6% |
| Financial income | 75/76B | €62 | - | -€62 | |
| Recurring financial income | 75 | €62 | - | -€62 | |
| Financial charges | 65/66B | €7,285 | €5,915 | -€1,370 | -18.8% |
| Recurring financial charges | 65 | €7,285 | €5,915 | -€1,370 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €61,412 | €79,634 | +€18,222 | +29.7% |
| Income taxes | 67/77 | €14,646 | €18,959 | +€4,313 | +29.4% |
| Profit (loss) for the period | 9904 | €46,766 | €60,675 | +€13,909 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,766 | €60,675 | +€13,909 | +29.7% |
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 11 October 2026 via checked.be.