NDERO CONSTRUCT: 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.
NDERO CONSTRUCT
Largest movements
- Receivables within one year +€35,463
up €35,463 (+224.5%), from €15,794 to €51,257
of which Trade receivables: +€42,118
- Tangible fixed assets -€3,081
down €3,081 (-42.0%), from €7,337 to €4,256
of which Furniture and vehicles: -€2,879
- Cash +€2,890
up €2,890 (+846.0%), from €342 to €3,231
mainly Trade debts (+€19,661) and Net result for the year (+€11,731)
- Deferred charges and accrued income +€2,870
up €2,870 (+11575.7%), from €25 to €2,894
- Stocks and contracts +€1,865
new in 2024: €1,865
- Trade debts +€19,661
up €19,661 (+164.3%), from €11,969 to €31,630
- Profit (loss) carried forward +€10,013
new in 2024: €10,013
- Other debts +€6,431
up €6,431 (+82.2%), from €7,823 to €14,254
- Tax, wage and social debts +€3,902
up €3,902 (+552.8%), from €706 to €4,608
of which Taxes: +€2,302
- Gross operating margin +€14,007
up €14,007 (+329.2%), from €4,255 to €18,263
- Taxes +€2,659
up €2,659 (+762.3%), from €349 to €3,008
- Depreciation +€770
up €770 (+33.3%), from €2,311 to €3,081
- Other operating charges +€258
up €258 (+260.6%), from €99 to €358
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 | €23,498 | €63,505 | +€40,007 | +170.3% |
| Fixed assets | 21/28 | €7,337 | €4,256 | -€3,081 | -42.0% |
| Tangible fixed assets | 22/27 | €7,337 | €4,256 | -€3,081 | -42.0% |
| Plant, machinery and equipment | 23 | €895 | €693 | -€202 | -22.6% |
| Furniture and vehicles | 24 | €6,443 | €3,563 | -€2,879 | -44.7% |
| Current assets | 29/58 | €16,160 | €59,248 | +€43,088 | +266.6% |
| Stocks and contracts in progress | 3 | - | €1,865 | +€1,865 | |
| Stocks | 30/36 | - | €1,865 | +€1,865 | |
| Amounts receivable within one year | 40/41 | €15,794 | €51,257 | +€35,463 | +224.5% |
| Trade receivables | 40 | €7,324 | €49,442 | +€42,118 | +575.1% |
| Other amounts receivable | 41 | €8,470 | €1,815 | -€6,655 | -78.6% |
| Cash at bank and in hand | 54/58 | €342 | €3,231 | +€2,890 | +846.0% |
| Deferred charges and accrued income | 490/1 | €25 | €2,894 | +€2,870 | +11575.7% |
| Total equity and liabilities | 10/49 | €23,498 | €63,505 | +€40,007 | +170.3% |
| Equity | 10/15 | €3,000 | €13,013 | +€10,013 | +333.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €10,013 | +€10,013 | |
| Amounts payable | 17/49 | €20,498 | €50,491 | +€29,994 | +146.3% |
| Amounts payable within one year | 42/48 | €20,498 | €50,491 | +€29,994 | +146.3% |
| Trade debts | 44 | €11,969 | €31,630 | +€19,661 | +164.3% |
| Suppliers | 440/4 | €11,969 | €31,630 | +€19,661 | +164.3% |
| Taxes, remuneration and social security | 45 | €706 | €4,608 | +€3,902 | +552.8% |
| Taxes | 450/3 | €706 | €3,008 | +€2,302 | +326.1% |
| Remuneration and social security | 454/9 | - | €1,600 | +€1,600 | |
| Other amounts payable | 47/48 | €7,823 | €14,254 | +€6,431 | +82.2% |
| Non-recurring operating income | 76A | €135 | - | -€135 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,311 | €3,081 | +€770 | +33.3% |
| Other operating charges | 640/8 | €99 | €358 | +€258 | +260.6% |
| Non-recurring operating charges | 66A | €180 | - | -€180 | |
| Gross operating margin | 9900 | €4,255 | €18,263 | +€14,007 | +329.2% |
| Operating profit (loss) | 9901 | €1,665 | €14,824 | +€13,158 | +790.1% |
| Financial income | 75/76B | €0 | €21 | +€20 | +6359.4% |
| Recurring financial income | 75 | €0 | €21 | +€20 | +6359.4% |
| Financial charges | 65/66B | €141 | €105 | -€36 | -25.3% |
| Recurring financial charges | 65 | €141 | €105 | -€36 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €1,525 | €14,739 | +€13,214 | +866.6% |
| Income taxes | 67/77 | €349 | €3,008 | +€2,659 | +762.3% |
| Profit (loss) for the period | 9904 | €1,176 | €11,731 | +€10,555 | +897.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,176 | €11,731 | +€10,555 | +897.5% |
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 29 September 2026 via checked.be.