NDConcept: 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.
NDConcept
Largest movements
- Cash -€14,573
down €14,573 (-44.9%), from €32,422 to €17,849
mainly Contributions, distributions and other (-€20,000) and Current investments (-€13,120)
- Current investments +€13,120
up €13,120 (+5.8%), from €227,658 to €240,778
- Receivables within one year -€3,051
down €3,051 (-15.3%), from €19,930 to €16,879
of which Other amounts receivable: -€2,161
- Other debts -€5,207
down €5,207 (-20.7%), from €25,207 to €20,000
- Reserves +€3,000
up €3,000 (+3.6%), from €83,860 to €86,860
of which Distributable reserves: +€3,000
- Gross operating margin -€7,342
down €7,342 (-17.5%), from €41,934 to €34,592
- Taxes -€1,964
down €1,964 (-14.9%), from €13,164 to €11,200
- Other operating charges -€610
down €610 (-42.2%), from €1,447 to €837
- Depreciation +€420
up €420 (+43.0%), from €977 to €1,396
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 | €283,815 | €281,990 | -€1,824 | -0.6% |
| Fixed assets | 21/28 | €2,235 | €3,786 | +€1,550 | +69.4% |
| Tangible fixed assets | 22/27 | €2,235 | €3,786 | +€1,550 | +69.4% |
| Land and buildings | 22 | - | €2,527 | +€2,527 | |
| Plant, machinery and equipment | 23 | €1,635 | €1,174 | -€461 | -28.2% |
| Furniture and vehicles | 24 | €601 | €85 | -€516 | -85.9% |
| Current assets | 29/58 | €281,579 | €278,205 | -€3,375 | -1.2% |
| Amounts receivable within one year | 40/41 | €19,930 | €16,879 | -€3,051 | -15.3% |
| Trade receivables | 40 | €17,185 | €16,295 | -€890 | -5.2% |
| Other amounts receivable | 41 | €2,745 | €585 | -€2,161 | -78.7% |
| Current investments | 50/53 | €227,658 | €240,778 | +€13,120 | +5.8% |
| Cash at bank and in hand | 54/58 | €32,422 | €17,849 | -€14,573 | -44.9% |
| Deferred charges and accrued income | 490/1 | €1,570 | €2,699 | +€1,129 | +71.9% |
| Total equity and liabilities | 10/49 | €283,815 | €281,990 | -€1,824 | -0.6% |
| Equity | 10/15 | €250,677 | €254,380 | +€3,702 | +1.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €83,860 | €86,860 | +€3,000 | +3.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €82,000 | €85,000 | +€3,000 | +3.7% |
| Profit (loss) carried forward | 14 | €160,617 | €161,320 | +€702 | +0.4% |
| Amounts payable | 17/49 | €33,137 | €27,611 | -€5,527 | -16.7% |
| Amounts payable within one year | 42/48 | €33,137 | €27,253 | -€5,884 | -17.8% |
| Taxes, remuneration and social security | 45 | €7,931 | €7,253 | -€677 | -8.5% |
| Taxes | 450/3 | €7,931 | €7,253 | -€677 | -8.5% |
| Other amounts payable | 47/48 | €25,207 | €20,000 | -€5,207 | -20.7% |
| Accrued charges and deferred income | 492/3 | - | €357 | +€357 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €977 | €1,396 | +€420 | +43.0% |
| Other operating charges | 640/8 | €1,447 | €837 | -€610 | -42.2% |
| Gross operating margin | 9900 | €41,934 | €34,592 | -€7,342 | -17.5% |
| Operating profit (loss) | 9901 | €39,510 | €32,358 | -€7,152 | -18.1% |
| Financial income | 75/76B | €2,893 | €2,986 | +€93 | +3.2% |
| Recurring financial income | 75 | €2,893 | €2,986 | +€93 | +3.2% |
| Financial charges | 65/66B | €411 | €441 | +€31 | +7.5% |
| Recurring financial charges | 65 | €411 | €441 | +€31 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €41,992 | €34,902 | -€7,090 | -16.9% |
| Income taxes | 67/77 | €13,164 | €11,200 | -€1,964 | -14.9% |
| Profit (loss) for the period | 9904 | €28,828 | €23,702 | -€5,126 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,828 | €23,702 | -€5,126 | -17.8% |
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 2 October 2026 via checked.be.