NDECO: 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.
NDECO
Largest movements
- Receivables within one year +€28,028
up €28,028 (+458.7%), from €6,110 to €34,139
- Tangible fixed assets -€5,787
down €5,787 (-62.5%), from €9,259 to €3,472
- Cash -€1,473
no longer reported in 2024 (was €1,473)
mainly Receivables within one year (-€28,028)
- Profit (loss) carried forward +€20,767
up €20,767 (+224.0%), from €9,270 to €30,038
- Gross operating margin +€24,150
up €24,150, from -€7,074 to €17,076
- Depreciation +€1,157
up €1,157 (+25.0%), from €4,630 to €5,787
- Financial income +€946
up €946 (+430.0%), from €220 to €1,166
- Other operating charges -€507
down €507 (-88.2%), from €575 to €68
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,843 | €37,611 | +€20,768 | +123.3% |
| Fixed assets | 21/28 | €9,259 | €3,472 | -€5,787 | -62.5% |
| Tangible fixed assets | 22/27 | €9,259 | €3,472 | -€5,787 | -62.5% |
| Furniture and vehicles | 24 | €9,259 | €3,472 | -€5,787 | -62.5% |
| Current assets | 29/58 | €7,583 | €34,139 | +€26,555 | +350.2% |
| Amounts receivable within one year | 40/41 | €6,110 | €34,139 | +€28,028 | +458.7% |
| Other amounts receivable | 41 | €6,110 | €34,139 | +€28,028 | +458.7% |
| Cash at bank and in hand | 54/58 | €1,473 | - | -€1,473 | |
| Total equity and liabilities | 10/49 | €16,843 | €37,611 | +€20,768 | +123.3% |
| Equity | 10/15 | €16,843 | €37,610 | +€20,767 | +123.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,372 | €1,372 | = | 0.0% |
| Non-distributable reserves | 130/1 | €372 | €372 | = | 0.0% |
| Reserves not available under the articles | 1311 | €372 | €372 | = | 0.0% |
| Distributable reserves | 133 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,270 | €30,038 | +€20,767 | +224.0% |
| Amounts payable | 17/49 | - | €1 | +€1 | |
| Amounts payable within one year | 42/48 | - | €1 | +€1 | |
| Financial debts | 43 | - | €1 | +€1 | |
| Credit institutions | 430/8 | - | €1 | +€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,630 | €5,787 | +€1,157 | +25.0% |
| Other operating charges | 640/8 | €575 | €68 | -€507 | -88.2% |
| Gross operating margin | 9900 | -€7,074 | €17,076 | +€24,150 | |
| Operating profit (loss) | 9901 | -€12,279 | €11,221 | +€23,500 | |
| Financial income | 75/76B | €220 | €1,166 | +€946 | +430.0% |
| Recurring financial income | 75 | €220 | €1,166 | +€946 | +430.0% |
| Financial charges | 65/66B | - | €20 | +€20 | |
| Recurring financial charges | 65 | - | €20 | +€20 | |
| Profit (loss) for the period before taxes | 9903 | -€12,059 | €12,367 | +€24,426 | |
| Profit (loss) for the period | 9904 | -€12,059 | €12,367 | +€24,426 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,059 | €12,367 | +€24,426 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.