NDB Solutions: 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 Solutions
Largest movements
- Cash -€38,690
down €38,690 (-85.8%), from €45,072 to €6,382
mainly Contributions, distributions and other (-€108,579) and Receivables within one year (-€12,895)
- Current investments -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Receivables within one year +€12,895
up €12,895 (+96.1%), from €13,423 to €26,318
of which Trade receivables: +€13,068
- Tangible fixed assets -€2,611
down €2,611 (-39.4%), from €6,624 to €4,013
- Profit (loss) carried forward -€72,642
down €72,642 (-100.0%), from €72,642 to €0
- Other debts +€23,937
up €23,937, from €0 to €23,937
- Tax, wage and social debts -€10,818
down €10,818 (-54.4%), from €19,897 to €9,079
- Gross operating margin -€1,790
down €1,790 (-3.3%), from €53,944 to €52,154
- Financial charges +€1,199
up €1,199 (+117.6%), from €1,020 to €2,219
- Depreciation +€1,123
up €1,123 (+47.7%), from €2,357 to €3,480
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 | €96,616 | €37,609 | -€59,007 | -61.1% |
| Fixed assets | 21/28 | €6,624 | €4,013 | -€2,611 | -39.4% |
| Tangible fixed assets | 22/27 | €6,624 | €4,013 | -€2,611 | -39.4% |
| Furniture and vehicles | 24 | €6,624 | €4,013 | -€2,611 | -39.4% |
| Current assets | 29/58 | €89,992 | €33,597 | -€56,395 | -62.7% |
| Amounts receivable within one year | 40/41 | €13,423 | €26,318 | +€12,895 | +96.1% |
| Trade receivables | 40 | €12,342 | €25,410 | +€13,068 | +105.9% |
| Other amounts receivable | 41 | €1,081 | €908 | -€173 | -16.0% |
| Current investments | 50/53 | €30,000 | €0 | -€30,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €45,072 | €6,382 | -€38,690 | -85.8% |
| Deferred charges and accrued income | 490/1 | €1,497 | €896 | -€601 | -40.1% |
| Total equity and liabilities | 10/49 | €96,616 | €37,609 | -€59,007 | -61.1% |
| Equity | 10/15 | €75,142 | €2,500 | -€72,642 | -96.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,642 | €0 | -€72,642 | -100.0% |
| Amounts payable | 17/49 | €21,474 | €35,109 | +€13,636 | +63.5% |
| Amounts payable within one year | 42/48 | €21,474 | €35,109 | +€13,636 | +63.5% |
| Financial debts | 43 | €178 | €114 | -€64 | -36.1% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €178 | €114 | -€64 | -36.1% |
| Trade debts | 44 | €1,399 | €1,980 | +€581 | +41.5% |
| Suppliers | 440/4 | €1,399 | €1,980 | +€581 | +41.5% |
| Taxes, remuneration and social security | 45 | €19,897 | €9,079 | -€10,818 | -54.4% |
| Taxes | 450/3 | €19,897 | €9,079 | -€10,818 | -54.4% |
| Other amounts payable | 47/48 | €0 | €23,937 | +€23,937 | |
| Non-recurring operating income | 76A | €7,318 | €0 | -€7,318 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,357 | €3,480 | +€1,123 | +47.7% |
| Other operating charges | 640/8 | €333 | €544 | +€211 | +63.5% |
| Non-recurring operating charges | 66A | €620 | €0 | -€620 | -100.0% |
| Gross operating margin | 9900 | €53,944 | €52,154 | -€1,790 | -3.3% |
| Operating profit (loss) | 9901 | €50,634 | €48,130 | -€2,505 | -4.9% |
| Financial income | 75/76B | €601 | €270 | -€332 | -55.2% |
| Recurring financial income | 75 | €601 | €270 | -€332 | -55.2% |
| Financial charges | 65/66B | €1,020 | €2,219 | +€1,199 | +117.6% |
| Recurring financial charges | 65 | €1,020 | €2,219 | +€1,199 | +117.6% |
| Profit (loss) for the period before taxes | 9903 | €50,216 | €46,180 | -€4,035 | -8.0% |
| Income taxes | 67/77 | €10,743 | €10,243 | -€500 | -4.7% |
| Profit (loss) for the period | 9904 | €39,473 | €35,937 | -€3,536 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,473 | €35,937 | -€3,536 | -9.0% |
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 7 October 2026 via checked.be.