ND TRANS: 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 TRANS
Largest movements
- Receivables within one year +€18,075
up €18,075 (+106.2%), from €17,012 to €35,087
of which Trade receivables: +€19,036
- Tangible fixed assets -€6,000
down €6,000 (-25.7%), from €23,310 to €17,310
- Current investments +€889
new in 2025: €889
- Tax, wage and social debts +€20,633
up €20,633 (+372.9%), from €5,533 to €26,165
of which Remuneration and social security: +€20,412
- Profit (loss) carried forward -€12,436
down €12,436 (-120.0%), from -€10,364 to -€22,800
- Trade debts +€11,322
up €11,322 (+302.1%), from €3,748 to €15,070
- Other debts -€6,000
down €6,000 (-24.4%), from €24,569 to €18,569
- Gross operating margin -€15,222
down €15,222, from €10,748 to -€4,474
- Other operating charges -€174
down €174 (-8.2%), from €2,118 to €1,944
- Financial income +€171
up €171 (+94.1%), from €182 to €354
- Financial charges +€141
up €141 (+61.1%), from €231 to €372
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 | €40,368 | €53,705 | +€13,337 | +33.0% |
| Fixed assets | 21/28 | €23,310 | €17,310 | -€6,000 | -25.7% |
| Tangible fixed assets | 22/27 | €23,310 | €17,310 | -€6,000 | -25.7% |
| Furniture and vehicles | 24 | €23,310 | €17,310 | -€6,000 | -25.7% |
| Current assets | 29/58 | €17,058 | €36,396 | +€19,337 | +113.4% |
| Amounts receivable within one year | 40/41 | €17,012 | €35,087 | +€18,075 | +106.2% |
| Trade receivables | 40 | €10,731 | €29,767 | +€19,036 | +177.4% |
| Other amounts receivable | 41 | €6,281 | €5,320 | -€961 | -15.3% |
| Current investments | 50/53 | - | €889 | +€889 | |
| Cash at bank and in hand | 54/58 | €46 | €420 | +€374 | +807.7% |
| Total equity and liabilities | 10/49 | €40,368 | €53,705 | +€13,337 | +33.0% |
| Equity | 10/15 | €5,892 | -€6,544 | -€12,436 | |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €16,156 | €16,156 | = | 0.0% |
| Distributable reserves | 133 | €16,156 | €16,156 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,364 | -€22,800 | -€12,436 | -120.0% |
| Amounts payable | 17/49 | €34,477 | €60,250 | +€25,773 | +74.8% |
| Amounts payable within one year | 42/48 | €33,850 | €59,804 | +€25,955 | +76.7% |
| Trade debts | 44 | €3,748 | €15,070 | +€11,322 | +302.1% |
| Suppliers | 440/4 | €3,748 | €15,070 | +€11,322 | +302.1% |
| Taxes, remuneration and social security | 45 | €5,533 | €26,165 | +€20,633 | +372.9% |
| Taxes | 450/3 | €5,533 | €5,753 | +€221 | +4.0% |
| Remuneration and social security | 454/9 | - | €20,412 | +€20,412 | |
| Other amounts payable | 47/48 | €24,569 | €18,569 | -€6,000 | -24.4% |
| Accrued charges and deferred income | 492/3 | €627 | €445 | -€181 | -28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,000 | €6,000 | = | 0.0% |
| Other operating charges | 640/8 | €2,118 | €1,944 | -€174 | -8.2% |
| Gross operating margin | 9900 | €10,748 | -€4,474 | -€15,222 | |
| Operating profit (loss) | 9901 | €2,630 | -€12,418 | -€15,048 | |
| Financial income | 75/76B | €182 | €354 | +€171 | +94.1% |
| Recurring financial income | 75 | €182 | €354 | +€171 | +94.1% |
| Financial charges | 65/66B | €231 | €372 | +€141 | +61.1% |
| Recurring financial charges | 65 | €231 | €372 | +€141 | +61.1% |
| Profit (loss) for the period before taxes | 9903 | €2,582 | -€12,436 | -€15,018 | |
| Profit (loss) for the period | 9904 | €2,582 | -€12,436 | -€15,018 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,582 | -€12,436 | -€15,018 |
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 9 October 2026 via checked.be.