NDE SRL: 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.
NDE SRL
Largest movements
- Financial fixed assets -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Cash -€39,318
down €39,318 (-67.2%), from €58,468 to €19,149
mainly Contributions, distributions and other (-€130,000) and Debts after one year (-€55,362)
- Receivables within one year -€13,617
down €13,617 (-37.3%), from €36,504 to €22,887
of which Other amounts receivable: -€24,628
- Tangible fixed assets +€8,345
up €8,345 (+388.9%), from €2,146 to €10,490
of which Furniture and vehicles: +€8,489
- Profit (loss) carried forward -€72,725
no longer reported in 2025 (was €72,725)
- Debts after one year -€55,362
no longer reported in 2025 (was €55,362)
- Current portion of long-term debt -€15,070
no longer reported in 2025 (was €15,070)
- Tax, wage and social debts -€2,892
down €2,892 (-17.8%), from €16,237 to €13,345
- Financial income +€43,775
up €43,775 (+4373.7%), from €1,001 to €44,776
- Gross operating margin -€15,147
down €15,147 (-27.1%), from €55,965 to €40,818
- Taxes +€5,575
up €5,575 (+38.9%), from €14,347 to €19,923
- Financial charges +€2,455
up €2,455 (+86.9%), from €2,823 to €5,278
- Depreciation +€2,160
up €2,160 (+435.7%), from €496 to €2,655
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 | €197,918 | €53,504 | -€144,413 | -73.0% |
| Fixed assets | 21/28 | €102,146 | €10,490 | -€91,655 | -89.7% |
| Tangible fixed assets | 22/27 | €2,146 | €10,490 | +€8,345 | +388.9% |
| Furniture and vehicles | 24 | €947 | €9,436 | +€8,489 | +896.5% |
| Other tangible fixed assets | 26 | €1,199 | €1,054 | -€145 | -12.1% |
| Financial fixed assets | 28 | €100,000 | €0 | -€100,000 | -100.0% |
| Current assets | 29/58 | €95,772 | €43,014 | -€52,758 | -55.1% |
| Amounts receivable within one year | 40/41 | €36,504 | €22,887 | -€13,617 | -37.3% |
| Trade receivables | 40 | €11,875 | €22,887 | +€11,011 | +92.7% |
| Other amounts receivable | 41 | €24,628 | - | -€24,628 | |
| Cash at bank and in hand | 54/58 | €58,468 | €19,149 | -€39,318 | -67.2% |
| Deferred charges and accrued income | 490/1 | €801 | €978 | +€178 | +22.2% |
| Total equity and liabilities | 10/49 | €197,918 | €53,504 | -€144,413 | -73.0% |
| Equity | 10/15 | €110,145 | €37,420 | -€72,725 | -66.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €32,420 | €32,420 | = | 0.0% |
| Distributable reserves | 133 | €32,420 | €32,420 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,725 | - | -€72,725 | |
| Amounts payable | 17/49 | €87,772 | €16,084 | -€71,688 | -81.7% |
| Amounts payable after more than one year | 17 | €55,362 | - | -€55,362 | |
| Financial debts | 170/4 | €55,362 | - | -€55,362 | |
| Amounts payable within one year | 42/48 | €32,410 | €16,084 | -€16,326 | -50.4% |
| Current portion of amounts payable after more than one year | 42 | €15,070 | - | -€15,070 | |
| Trade debts | 44 | €417 | €1,145 | +€728 | +174.9% |
| Suppliers | 440/4 | €417 | €1,145 | +€728 | +174.9% |
| Taxes, remuneration and social security | 45 | €16,237 | €13,345 | -€2,892 | -17.8% |
| Taxes | 450/3 | €16,237 | €13,345 | -€2,892 | -17.8% |
| Other amounts payable | 47/48 | €687 | €1,594 | +€907 | +132.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €496 | €2,655 | +€2,160 | +435.7% |
| Other operating charges | 640/8 | €743 | €463 | -€279 | -37.6% |
| Gross operating margin | 9900 | €55,965 | €40,818 | -€15,147 | -27.1% |
| Operating profit (loss) | 9901 | €54,727 | €37,699 | -€17,028 | -31.1% |
| Financial income | 75/76B | €1,001 | €44,776 | +€43,775 | +4373.7% |
| Recurring financial income | 75 | €1,001 | €44,776 | +€43,775 | +4373.7% |
| Financial charges | 65/66B | €2,823 | €5,278 | +€2,455 | +86.9% |
| Recurring financial charges | 65 | €2,823 | €5,278 | +€2,455 | +86.9% |
| Profit (loss) for the period before taxes | 9903 | €52,904 | €77,197 | +€24,293 | +45.9% |
| Income taxes | 67/77 | €14,347 | €19,923 | +€5,575 | +38.9% |
| Profit (loss) for the period | 9904 | €38,557 | €57,275 | +€18,718 | +48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,557 | €57,275 | +€18,718 | +48.5% |
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 5 October 2026 via checked.be.