NDB Management & Engineering: what changed
Two fiscal 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.
NDB Management & Engineering
Largest movements
- Tangible fixed assets +€46,458
up €46,458 (+1112.3%), from €4,177 to €50,635
of which Plant, machinery and equipment: +€36,275
- Deferred charges and accrued income +€4,503
up €4,503 (+189.5%), from €2,376 to €6,880
- Receivables within one year -€1,749
down €1,749 (-6.8%), from €25,820 to €24,071
of which Other amounts receivable: -€2,280
- Debts after one year +€46,919
up €46,919, from €0 to €46,919
- Current portion of long-term debt +€12,275
up €12,275, from €0 to €12,275
- Accrued charges and deferred income -€9,367
down €9,367 (-84.3%), from €11,107 to €1,740
- Trade debts +€7,389
up €7,389 (+131.3%), from €5,629 to €13,018
- Tax, wage and social debts -€7,293
down €7,293 (-40.1%), from €18,200 to €10,907
of which Remuneration and social security: -€5,653
- Other operating charges -€3,535
down €3,535 (-55.4%), from €6,381 to €2,847
- Depreciation +€3,411
up €3,411 (+105.2%), from €3,244 to €6,654
- Financial income -€2,663
down €2,663 (-100.0%), from €2,663 to €0
of which Non-recurring financial income: -€2,553
- Financial charges -€1,524
down €1,524 (-27.0%), from €5,643 to €4,119
- Taxes +€661
up €661 (+17.2%), from €3,834 to €4,494
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 | €33,079 | €81,586 | +€48,507 | +146.6% |
| Fixed assets | 21/28 | €4,177 | €50,635 | +€46,458 | +1112.3% |
| Tangible fixed assets | 22/27 | €4,177 | €50,635 | +€46,458 | +1112.3% |
| Plant, machinery and equipment | 23 | €2,145 | €38,420 | +€36,275 | +1691.2% |
| Furniture and vehicles | 24 | €2,032 | €12,215 | +€10,183 | +501.1% |
| Current assets | 29/58 | €28,902 | €30,951 | +€2,049 | +7.1% |
| Amounts receivable within one year | 40/41 | €25,820 | €24,071 | -€1,749 | -6.8% |
| Trade receivables | 40 | €23,540 | €24,071 | +€531 | +2.3% |
| Other amounts receivable | 41 | €2,280 | €0 | -€2,280 | -100.0% |
| Cash at bank and in hand | 54/58 | €706 | €0 | -€706 | -100.0% |
| Deferred charges and accrued income | 490/1 | €2,376 | €6,880 | +€4,503 | +189.5% |
| Total equity and liabilities | 10/49 | €33,079 | €81,586 | +€48,507 | +146.6% |
| Equity | 10/15 | -€1,857 | -€4,804 | -€2,947 | -158.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,857 | -€9,804 | -€2,947 | -43.0% |
| Amounts payable | 17/49 | €34,936 | €86,390 | +€51,454 | +147.3% |
| Amounts payable after more than one year | 17 | €0 | €46,919 | +€46,919 | |
| Financial debts | 170/4 | €0 | €46,919 | +€46,919 | |
| Amounts payable within one year | 42/48 | €23,830 | €37,732 | +€13,902 | +58.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | €12,275 | +€12,275 | |
| Financial debts | 43 | - | €695 | +€695 | |
| Credit institutions | 430/8 | - | €695 | +€695 | |
| Trade debts | 44 | €5,629 | €13,018 | +€7,389 | +131.3% |
| Suppliers | 440/4 | €5,629 | €13,018 | +€7,389 | +131.3% |
| Taxes, remuneration and social security | 45 | €18,200 | €10,907 | -€7,293 | -40.1% |
| Taxes | 450/3 | €12,548 | €10,907 | -€1,641 | -13.1% |
| Remuneration and social security | 454/9 | €5,653 | €0 | -€5,653 | -100.0% |
| Other amounts payable | 47/48 | - | €837 | +€837 | |
| Accrued charges and deferred income | 492/3 | €11,107 | €1,740 | -€9,367 | -84.3% |
| Non-recurring operating income | 76A | €3,304 | €0 | -€3,304 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,244 | €6,654 | +€3,411 | +105.2% |
| Other operating charges | 640/8 | €6,381 | €2,847 | -€3,535 | -55.4% |
| Non-recurring operating charges | 66A | - | €1,256 | +€1,256 | |
| Gross operating margin | 9900 | €16,900 | €16,423 | -€477 | -2.8% |
| Operating profit (loss) | 9901 | €7,275 | €5,666 | -€1,609 | -22.1% |
| Financial income | 75/76B | €2,663 | €0 | -€2,663 | -100.0% |
| Recurring financial income | 75 | €109 | €0 | -€109 | -100.0% |
| Non-recurring financial income | 76B | €2,553 | €0 | -€2,553 | -100.0% |
| Financial charges | 65/66B | €5,643 | €4,119 | -€1,524 | -27.0% |
| Recurring financial charges | 65 | €5,643 | €4,119 | -€1,524 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €4,294 | €1,547 | -€2,748 | -64.0% |
| Income taxes | 67/77 | €3,834 | €4,494 | +€661 | +17.2% |
| Profit (loss) for the period | 9904 | €461 | -€2,947 | -€3,408 | |
| Profit (loss) for the period to be appropriated | 9905 | €461 | -€2,947 | -€3,408 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.