ND UNIVERSALIS: 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 UNIVERSALIS
Largest movements
- Receivables within one year +€491,450
up €491,450 (+404.4%), from €121,513 to €612,964
of which Other amounts receivable: +€449,374
- Tangible fixed assets -€116,366
down €116,366 (-2.4%), from €4.8m to €4.7m
of which Land and buildings: -€101,856
- Cash -€65,951
down €65,951 (-67.6%), from €97,514 to €31,563
mainly Receivables within one year (-€491,450) and Other debts (-€412,400)
- Contributions +€1.0m
up €1.0m (+80.6%), from €1.2m to €2.2m
- Other debts -€412,400
down €412,400 (-95.4%), from €432,195 to €19,795
- Debts after one year -€204,968
down €204,968 (-5.6%), from €3.7m to €3.5m
of which Financial debts: -€205,268
- Profit (loss) carried forward -€140,215
down €140,215 (-22.2%), from -€631,562 to -€771,777
- Trade debts -€81,836
down €81,836 (-48.2%), from €169,850 to €88,014
- Gross operating margin +€41,745
up €41,745 (+13.1%), from €318,749 to €360,493
- Staff costs +€22,183
up €22,183 (+45.3%), from €48,931 to €71,114
- Financial income -€10,543
down €10,543 (-95.4%), from €11,050 to €507
- Financial charges -€9,562
down €9,562 (-5.2%), from €182,370 to €172,809
- Depreciation +€8,731
up €8,731 (+6.8%), from €128,421 to €137,152
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 | €5,077,009 | €5,383,563 | +€306,555 | +6.0% |
| Fixed assets | 21/28 | €4,845,921 | €4,729,555 | -€116,366 | -2.4% |
| Tangible fixed assets | 22/27 | €4,845,921 | €4,729,555 | -€116,366 | -2.4% |
| Land and buildings | 22 | €4,772,358 | €4,670,502 | -€101,856 | -2.1% |
| Plant, machinery and equipment | 23 | €15,547 | €9,799 | -€5,748 | -37.0% |
| Furniture and vehicles | 24 | €58,017 | €49,254 | -€8,762 | -15.1% |
| Current assets | 29/58 | €231,087 | €654,008 | +€422,921 | +183.0% |
| Amounts receivable within one year | 40/41 | €121,513 | €612,964 | +€491,450 | +404.4% |
| Trade receivables | 40 | €121,268 | €163,344 | +€42,076 | +34.7% |
| Other amounts receivable | 41 | €245 | €449,619 | +€449,374 | +183703.1% |
| Cash at bank and in hand | 54/58 | €97,514 | €31,563 | -€65,951 | -67.6% |
| Deferred charges and accrued income | 490/1 | €12,060 | €9,481 | -€2,579 | -21.4% |
| Total equity and liabilities | 10/49 | €5,077,009 | €5,383,563 | +€306,555 | +6.0% |
| Equity | 10/15 | €608,438 | €1,468,223 | +€859,785 | +141.3% |
| Contributions | 10/11 | €1,240,000 | €2,240,000 | +€1.0m | +80.6% |
| Profit (loss) carried forward | 14 | -€631,562 | -€771,777 | -€140,215 | -22.2% |
| Amounts payable | 17/49 | €4,468,571 | €3,915,341 | -€553,230 | -12.4% |
| Amounts payable after more than one year | 17 | €3,672,663 | €3,467,695 | -€204,968 | -5.6% |
| Financial debts | 170/4 | €3,672,663 | €3,467,395 | -€205,268 | -5.6% |
| Other amounts payable | 178/9 | - | €300 | +€300 | |
| Amounts payable within one year | 42/48 | €786,723 | €384,684 | -€402,039 | -51.1% |
| Current portion of amounts payable after more than one year | 42 | €153,142 | €205,268 | +€52,125 | +34.0% |
| Financial debts | 43 | - | €33,519 | +€33,519 | |
| Credit institutions | 430/8 | - | €33,519 | +€33,519 | |
| Trade debts | 44 | €169,850 | €88,014 | -€81,836 | -48.2% |
| Suppliers | 440/4 | €169,850 | €88,014 | -€81,836 | -48.2% |
| Taxes, remuneration and social security | 45 | €31,536 | €38,088 | +€6,553 | +20.8% |
| Taxes | 450/3 | €22,611 | €33,034 | +€10,424 | +46.1% |
| Remuneration and social security | 454/9 | €8,925 | €5,054 | -€3,871 | -43.4% |
| Other amounts payable | 47/48 | €432,195 | €19,795 | -€412,400 | -95.4% |
| Accrued charges and deferred income | 492/3 | €9,185 | €62,961 | +€53,776 | +585.5% |
| Remuneration, social security and pensions | 62 | €48,931 | €71,114 | +€22,183 | +45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,421 | €137,152 | +€8,731 | +6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,508 | €1,647 | -€1,861 | -53.1% |
| Other operating charges | 640/8 | €122,854 | €114,853 | -€8,001 | -6.5% |
| Non-recurring operating charges | 66A | - | €3,591 | +€3,591 | |
| Gross operating margin | 9900 | €318,749 | €360,493 | +€41,745 | +13.1% |
| Operating profit (loss) | 9901 | €15,035 | €32,136 | +€17,101 | +113.7% |
| Financial income | 75/76B | €11,050 | €507 | -€10,543 | -95.4% |
| Recurring financial income | 75 | €11,050 | €507 | -€10,543 | -95.4% |
| Financial charges | 65/66B | €182,370 | €172,809 | -€9,562 | -5.2% |
| Recurring financial charges | 65 | €182,370 | €172,809 | -€9,562 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€156,286 | -€140,166 | +€16,120 | +10.3% |
| Income taxes | 67/77 | - | €49 | +€49 | |
| Profit (loss) for the period | 9904 | -€156,286 | -€140,215 | +€16,071 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€156,286 | -€140,215 | +€16,071 | +10.3% |
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.