NDE PROJECT: 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.
NDE PROJECT
Largest movements
- Cash +€17,333
up €17,333 (+793%), from €2,186 to €19,519
mainly Accrued charges and deferred income (+€17,348) and Receivables within one year (+€11,180)
- Receivables within one year -€11,180
down €11,180 (-65.7%), from €17,029 to €5,849
of which Trade receivables: -€11,327
- Deferred charges and accrued income +€3,627
up €3,627 (+134%), from €2,711 to €6,338
- Tangible fixed assets +€376
up €376 (+13.8%), from €2,727 to €3,103
of which Plant, machinery and equipment: +€468
- Accrued charges and deferred income +€17,348
new in 2025: €17,348
- Trade debts -€8,315
down €8,315 (-61.6%), from €13,495 to €5,180
- Tax, wage and social debts +€2,196
up €2,196 (+426%), from €516 to €2,712
of which Taxes: +€1,400
- Profit (loss) carried forward -€1,648
down €1,648 (-50.5%), from €3,264 to €1,616
- Other debts +€574
up €574 (+10.6%), from €5,426 to €6,000
- Gross operating margin +€20,871
up €20,871 (+50.7%), from €41,204 to €62,074
- Staff costs +€17,159
up €17,159 (+49.1%), from €34,946 to €52,104
- Write-downs -€6,000
down €6,000, from €3,000 to -€3,000
- Other operating charges +€3,830
up €3,830 (+445%), from €860 to €4,690
- Taxes +€977
up €977 (+189%), from €516 to €1,493
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.
Derived cash bridge
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 | €24,701 | €34,856 | +€10,155 | +41.1% |
| Fixed assets | 21/28 | €2,774 | €3,150 | +€376 | +13.5% |
| Tangible fixed assets | 22/27 | €2,727 | €3,103 | +€376 | +13.8% |
| Plant, machinery and equipment | 23 | €1,564 | €2,032 | +€468 | +29.9% |
| Furniture and vehicles | 24 | €1,163 | €1,071 | -€92 | -7.9% |
| Financial fixed assets | 28 | €47 | €47 | = | 0.0% |
| Current assets | 29/58 | €21,926 | €31,706 | +€9,779 | +44.6% |
| Amounts receivable within one year | 40/41 | €17,029 | €5,849 | -€11,180 | -65.7% |
| Trade receivables | 40 | €15,471 | €4,145 | -€11,327 | -73.2% |
| Other amounts receivable | 41 | €1,558 | €1,704 | +€146 | +9.4% |
| Cash at bank and in hand | 54/58 | €2,186 | €19,519 | +€17,333 | +793% |
| Deferred charges and accrued income | 490/1 | €2,711 | €6,338 | +€3,627 | +134% |
| Total equity and liabilities | 10/49 | €24,701 | €34,856 | +€10,155 | +41.1% |
| Equity | 10/15 | €5,264 | €3,616 | -€1,648 | -31.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,264 | €1,616 | -€1,648 | -50.5% |
| Amounts payable | 17/49 | €19,436 | €31,239 | +€11,803 | +60.7% |
| Amounts payable within one year | 42/48 | €19,436 | €13,892 | -€5,545 | -28.5% |
| Trade debts | 44 | €13,495 | €5,180 | -€8,315 | -61.6% |
| Suppliers | 440/4 | €13,495 | €5,180 | -€8,315 | -61.6% |
| Taxes, remuneration and social security | 45 | €516 | €2,712 | +€2,196 | +426% |
| Taxes | 450/3 | €516 | €1,916 | +€1,400 | +271% |
| Remuneration and social security | 454/9 | - | €796 | +€796 | |
| Other amounts payable | 47/48 | €5,426 | €6,000 | +€574 | +10.6% |
| Accrued charges and deferred income | 492/3 | - | €17,348 | +€17,348 | |
| Remuneration, social security and pensions | 62 | €34,946 | €52,104 | +€17,159 | +49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,193 | €1,540 | +€347 | +29.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,000 | -€3,000 | -€6,000 | |
| Other operating charges | 640/8 | €860 | €4,690 | +€3,830 | +445% |
| Non-recurring operating charges | 66A | - | €878 | +€878 | |
| Gross operating margin | 9900 | €41,204 | €62,074 | +€20,871 | +50.7% |
| Operating profit (loss) | 9901 | €1,205 | €5,862 | +€4,657 | +386% |
| Financial income | 75/76B | €30 | €282 | +€252 | +827% |
| Recurring financial income | 75 | €30 | €282 | +€252 | +827% |
| Financial charges | 65/66B | €273 | €299 | +€26 | +9.5% |
| Recurring financial charges | 65 | €273 | €299 | +€26 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €962 | €5,845 | +€4,883 | +507% |
| Income taxes | 67/77 | €516 | €1,493 | +€977 | +189% |
| Profit (loss) for the period | 9904 | €446 | €4,352 | +€3,906 | +875% |
| Profit (loss) for the period to be appropriated | 9905 | €446 | €4,352 | +€3,906 | +875% |
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 24 October 2026 via checked.be.