ND2: 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.
ND2
Largest movements
- Cash -€3,453
down €3,453 (-3.1%), from €112,946 to €109,493
mainly Net result for the year (-€29,007)
- Profit (loss) carried forward -€29,007
down €29,007 (-8.8%), from -€327,931 to -€356,938
- Other debts +€23,467
up €23,467 (+5.6%), from €416,773 to €440,240
- Trade debts +€2,086
up €2,086 (+28.1%), from €7,414 to €9,500
- Gross operating margin +€10,857
up €10,857 (+72.3%), from -€15,009 to -€4,152
- Financial charges +€7,110
up €7,110 (+43.2%), from €16,447 to €23,557
- Other operating charges +€793
up €793 (+156.9%), from €505 to €1,298
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 | €114,855 | €111,402 | -€3,453 | -3.0% |
| Current assets | 29/58 | €114,855 | €111,402 | -€3,453 | -3.0% |
| Amounts receivable within one year | 40/41 | €1,909 | €1,909 | = | 0.0% |
| Trade receivables | 40 | €1,904 | €1,904 | = | 0.0% |
| Other amounts receivable | 41 | €5 | €5 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €112,946 | €109,493 | -€3,453 | -3.1% |
| Total equity and liabilities | 10/49 | €114,855 | €111,402 | -€3,453 | -3.0% |
| Equity | 10/15 | -€309,331 | -€338,338 | -€29,007 | -9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€327,931 | -€356,938 | -€29,007 | -8.8% |
| Amounts payable | 17/49 | €424,187 | €449,740 | +€25,553 | +6.0% |
| Amounts payable within one year | 42/48 | €424,187 | €449,740 | +€25,553 | +6.0% |
| Trade debts | 44 | €7,414 | €9,500 | +€2,086 | +28.1% |
| Suppliers | 440/4 | €7,414 | €9,500 | +€2,086 | +28.1% |
| Other amounts payable | 47/48 | €416,773 | €440,240 | +€23,467 | +5.6% |
| Other operating charges | 640/8 | €505 | €1,298 | +€793 | +156.9% |
| Gross operating margin | 9900 | -€15,009 | -€4,152 | +€10,857 | +72.3% |
| Operating profit (loss) | 9901 | -€15,514 | -€5,450 | +€10,064 | +64.9% |
| Financial charges | 65/66B | €16,447 | €23,557 | +€7,110 | +43.2% |
| Recurring financial charges | 65 | €16,447 | €23,557 | +€7,110 | +43.2% |
| Profit (loss) for the period before taxes | 9903 | -€31,961 | -€29,007 | +€2,954 | +9.2% |
| Profit (loss) for the period | 9904 | -€31,961 | -€29,007 | +€2,954 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,961 | -€29,007 | +€2,954 | +9.2% |
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.