NDA CONSULT: 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.
NDA CONSULT
Largest movements
- Tangible fixed assets -€46,533
down €46,533 (-16.9%), from €276,021 to €229,488
of which Land and buildings: -€43,995
- Cash +€9,870
up €9,870 (+44.4%), from €22,247 to €32,117
mainly Depreciation (+€46,533) and Net result for the year (+€35,091)
- Receivables within one year -€5,166
down €5,166 (-7.5%), from €68,566 to €63,400
- Debts after one year -€54,709
down €54,709 (-42.0%), from €130,181 to €75,472
- Profit (loss) carried forward +€35,091
up €35,091 (+60.2%), from -€58,305 to -€23,214
- Other debts -€12,510
down €12,510 (-48.5%), from €25,779 to €13,268
- Current portion of long-term debt -€9,913
down €9,913 (-21.0%), from €47,303 to €37,390
- Short-term financial debts +€4,705
up €4,705 (+17.9%), from €26,351 to €31,056
- Gross operating margin -€16,745
down €16,745 (-13.8%), from €121,654 to €104,909
- Staff costs -€11,486
no longer reported in 2026 (was €11,486)
- Taxes +€7,661
up €7,661 (+159%), from €4,831 to €12,492
- Provisions +€6,000
no longer reported in 2026 (was -€6,000)
- Write-downs -€4,068
new in 2026: -€4,068
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €386,991 | €345,562 | -€41,429 | -10.7% |
| Fixed assets | 21/28 | €276,021 | €229,488 | -€46,533 | -16.9% |
| Tangible fixed assets | 22/27 | €276,021 | €229,488 | -€46,533 | -16.9% |
| Land and buildings | 22 | €270,877 | €226,882 | -€43,995 | -16.2% |
| Furniture and vehicles | 24 | €5,144 | €2,606 | -€2,538 | -49.3% |
| Current assets | 29/58 | €110,970 | €116,074 | +€5,104 | +4.6% |
| Amounts receivable after more than one year | 29 | €20,157 | €20,557 | +€400 | +2.0% |
| Other amounts receivable | 291 | €20,157 | €20,557 | +€400 | +2.0% |
| Amounts receivable within one year | 40/41 | €68,566 | €63,400 | -€5,166 | -7.5% |
| Trade receivables | 40 | €68,566 | €63,400 | -€5,166 | -7.5% |
| Cash at bank and in hand | 54/58 | €22,247 | €32,117 | +€9,870 | +44.4% |
| Deferred charges and accrued income | 490/1 | - | €0 | +€0 | |
| Total equity and liabilities | 10/49 | €386,991 | €345,562 | -€41,429 | -10.7% |
| Equity | 10/15 | €132,445 | €167,536 | +€35,091 | +26.5% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €178,250 | €178,250 | = | 0.0% |
| Distributable reserves | 133 | €178,250 | €178,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,305 | -€23,214 | +€35,091 | +60.2% |
| Amounts payable | 17/49 | €254,546 | €178,026 | -€76,520 | -30.1% |
| Amounts payable after more than one year | 17 | €130,181 | €75,472 | -€54,709 | -42.0% |
| Financial debts | 170/4 | €130,181 | €75,472 | -€54,709 | -42.0% |
| Amounts payable within one year | 42/48 | €124,365 | €102,554 | -€21,811 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €47,303 | €37,390 | -€9,913 | -21.0% |
| Financial debts | 43 | €26,351 | €31,056 | +€4,705 | +17.9% |
| Credit institutions | 430/8 | €26,351 | €31,056 | +€4,705 | +17.9% |
| Trade debts | 44 | €5,432 | €2,588 | -€2,844 | -52.4% |
| Suppliers | 440/4 | €5,432 | €2,588 | -€2,844 | -52.4% |
| Taxes, remuneration and social security | 45 | €19,500 | €18,251 | -€1,249 | -6.4% |
| Taxes | 450/3 | €19,500 | €18,251 | -€1,249 | -6.4% |
| Other amounts payable | 47/48 | €25,779 | €13,268 | -€12,510 | -48.5% |
| Non-recurring operating income | 76A | €9,248 | €1,065 | -€8,183 | -88.5% |
| Remuneration, social security and pensions | 62 | €11,486 | - | -€11,486 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,136 | €46,533 | -€3,603 | -7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€4,068 | -€4,068 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€6,000 | - | +€6,000 | |
| Other operating charges | 640/8 | €5,531 | €6,821 | +€1,290 | +23.3% |
| Non-recurring operating charges | 66A | €2,612 | €6,115 | +€3,503 | +134% |
| Gross operating margin | 9900 | €121,654 | €104,909 | -€16,745 | -13.8% |
| Operating profit (loss) | 9901 | €57,891 | €49,508 | -€8,383 | -14.5% |
| Financial income | 75/76B | €200 | €400 | +€200 | +100% |
| Recurring financial income | 75 | €200 | €400 | +€200 | +100% |
| Financial charges | 65/66B | €3,782 | €2,324 | -€1,457 | -38.5% |
| Recurring financial charges | 65 | €3,782 | €2,324 | -€1,457 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €54,309 | €47,583 | -€6,725 | -12.4% |
| Income taxes | 67/77 | €4,831 | €12,492 | +€7,661 | +159% |
| Profit (loss) for the period | 9904 | €49,478 | €35,091 | -€14,386 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,478 | €35,091 | -€14,386 | -29.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.