NDG Consult: 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.
NDG Consult
Largest movements
- Cash +€24,266
up €24,266 (+290.0%), from €8,368 to €32,634
mainly Net result for the year (+€22,672) and Receivables within one year (+€9,707)
- Receivables within one year -€9,707
down €9,707 (-94.6%), from €10,260 to €554
of which Trade receivables: -€9,707
- Tangible fixed assets +€8,591
up €8,591 (+2448.7%), from €351 to €8,942
of which Furniture and vehicles: +€5,128
- Deferred charges and accrued income +€3,177
up €3,177 (+333.6%), from €952 to €4,130
- Profit (loss) carried forward +€22,672
up €22,672, from -€16,504 to €6,168
- Tax, wage and social debts +€8,631
up €8,631 (+335.4%), from €2,573 to €11,204
- Trade debts -€2,877
down €2,877 (-27.5%), from €10,461 to €7,584
- Other debts -€2,410
down €2,410 (-11.5%), from €20,941 to €18,531
- Gross operating margin +€39,657
up €39,657, from -€7,841 to €31,816
- Taxes +€3,994
new in 2025: €3,994
- Other operating charges -€2,431
down €2,431 (-82.3%), from €2,953 to €521
- Staff costs -€1,920
no longer reported in 2025 (was €1,920)
- Depreciation +€641
up €641 (+74.8%), from €857 to €1,498
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 | €20,472 | €46,488 | +€26,016 | +127.1% |
| Formation expenses | 20 | €475 | €163 | -€312 | -65.7% |
| Fixed assets | 21/28 | €417 | €9,008 | +€8,591 | +2062.3% |
| Tangible fixed assets | 22/27 | €351 | €8,942 | +€8,591 | +2448.7% |
| Plant, machinery and equipment | 23 | - | €3,463 | +€3,463 | |
| Furniture and vehicles | 24 | €351 | €5,479 | +€5,128 | +1461.6% |
| Financial fixed assets | 28 | €66 | €66 | = | 0.0% |
| Current assets | 29/58 | €19,581 | €37,317 | +€17,737 | +90.6% |
| Amounts receivable within one year | 40/41 | €10,260 | €554 | -€9,707 | -94.6% |
| Trade receivables | 40 | €10,256 | €549 | -€9,707 | -94.6% |
| Other amounts receivable | 41 | €4 | €4 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,368 | €32,634 | +€24,266 | +290.0% |
| Deferred charges and accrued income | 490/1 | €952 | €4,130 | +€3,177 | +333.6% |
| Total equity and liabilities | 10/49 | €20,472 | €46,488 | +€26,016 | +127.1% |
| Equity | 10/15 | -€13,504 | €9,168 | +€22,672 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,504 | €6,168 | +€22,672 | |
| Amounts payable | 17/49 | €33,976 | €37,319 | +€3,344 | +9.8% |
| Amounts payable within one year | 42/48 | €33,976 | €37,319 | +€3,344 | +9.8% |
| Trade debts | 44 | €10,461 | €7,584 | -€2,877 | -27.5% |
| Suppliers | 440/4 | €10,461 | €7,584 | -€2,877 | -27.5% |
| Taxes, remuneration and social security | 45 | €2,573 | €11,204 | +€8,631 | +335.4% |
| Taxes | 450/3 | €2,573 | €11,204 | +€8,631 | +335.4% |
| Other amounts payable | 47/48 | €20,941 | €18,531 | -€2,410 | -11.5% |
| Remuneration, social security and pensions | 62 | €1,920 | - | -€1,920 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €857 | €1,498 | +€641 | +74.8% |
| Other operating charges | 640/8 | €2,953 | €521 | -€2,431 | -82.3% |
| Gross operating margin | 9900 | -€7,841 | €31,816 | +€39,657 | |
| Operating profit (loss) | 9901 | -€13,570 | €29,797 | +€43,368 | |
| Financial income | 75/76B | €14 | €3 | -€11 | -79.1% |
| Recurring financial income | 75 | €14 | €3 | -€11 | -79.1% |
| Financial charges | 65/66B | €2,696 | €3,134 | +€437 | +16.2% |
| Recurring financial charges | 65 | €2,696 | €3,134 | +€437 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,253 | €26,666 | +€42,919 | |
| Income taxes | 67/77 | - | €3,994 | +€3,994 | |
| Profit (loss) for the period | 9904 | -€16,253 | €22,672 | +€38,925 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,253 | €22,672 | +€38,925 |
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 7 October 2026 via checked.be.