NDH ELECTRO TECHNICS: 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.
NDH ELECTRO TECHNICS
Largest movements
- Tangible fixed assets +€31,615
up €31,615 (+210.7%), from €15,003 to €46,618
- Receivables within one year -€27,744
down €27,744 (-38.4%), from €72,221 to €44,478
of which Trade receivables: -€33,368
- Cash -€5,295
down €5,295 (-12.7%), from €41,619 to €36,324
mainly Contributions, distributions and other (-€75,000) and Investment in fixed assets (net) (-€40,775)
- Reserves -€67,963
down €67,963 (-25.8%), from €263,387 to €195,424
- Other debts +€38,524
up €38,524 (+1914.5%), from €2,012 to €40,536
- Debts after one year +€13,215
up €13,215 (+271.0%), from €4,877 to €18,091
- Tax, wage and social debts +€7,897
up €7,897 (+3158.9%), from €250 to €8,147
- Current portion of long-term debt +€4,181
up €4,181 (+81.1%), from €5,156 to €9,337
- Gross operating margin -€31,673
down €31,673 (-57.4%), from €55,153 to €23,481
- Taxes -€10,264
down €10,264 (-76.6%), from €13,393 to €3,129
- Depreciation +€4,337
up €4,337 (+89.9%), from €4,823 to €9,160
- Financial charges +€2,297
up €2,297 (+175.4%), from €1,309 to €3,606
- Staff costs -€1,925
down €1,925 (-100.0%), from €1,925 to €0
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 | €305,678 | €304,120 | -€1,558 | -0.5% |
| Fixed assets | 21/28 | €15,028 | €46,643 | +€31,615 | +210.4% |
| Tangible fixed assets | 22/27 | €15,003 | €46,618 | +€31,615 | +210.7% |
| Furniture and vehicles | 24 | €15,003 | €46,618 | +€31,615 | +210.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €290,651 | €257,477 | -€33,173 | -11.4% |
| Amounts receivable after more than one year | 29 | €175,000 | €175,000 | = | 0.0% |
| Other amounts receivable | 291 | €175,000 | €175,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €72,221 | €44,478 | -€27,744 | -38.4% |
| Trade receivables | 40 | €59,627 | €26,259 | -€33,368 | -56.0% |
| Other amounts receivable | 41 | €12,594 | €18,219 | +€5,624 | +44.7% |
| Cash at bank and in hand | 54/58 | €41,619 | €36,324 | -€5,295 | -12.7% |
| Deferred charges and accrued income | 490/1 | €1,811 | €1,676 | -€135 | -7.4% |
| Total equity and liabilities | 10/49 | €305,678 | €304,120 | -€1,558 | -0.5% |
| Equity | 10/15 | €285,242 | €217,279 | -€67,963 | -23.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €263,387 | €195,424 | -€67,963 | -25.8% |
| Distributable reserves | 133 | €263,387 | €195,424 | -€67,963 | -25.8% |
| Profit (loss) carried forward | 14 | €3,255 | €3,255 | = | 0.0% |
| Amounts payable | 17/49 | €20,436 | €86,841 | +€66,404 | +324.9% |
| Amounts payable after more than one year | 17 | €4,877 | €18,091 | +€13,215 | +271.0% |
| Financial debts | 170/4 | €4,877 | €18,091 | +€13,215 | +271.0% |
| Amounts payable within one year | 42/48 | €11,494 | €64,183 | +€52,689 | +458.4% |
| Current portion of amounts payable after more than one year | 42 | €5,156 | €9,337 | +€4,181 | +81.1% |
| Trade debts | 44 | €4,076 | €6,162 | +€2,086 | +51.2% |
| Suppliers | 440/4 | €4,076 | €6,162 | +€2,086 | +51.2% |
| Taxes, remuneration and social security | 45 | €250 | €8,147 | +€7,897 | +3158.9% |
| Taxes | 450/3 | €250 | €8,147 | +€7,897 | +3158.9% |
| Other amounts payable | 47/48 | €2,012 | €40,536 | +€38,524 | +1914.5% |
| Accrued charges and deferred income | 492/3 | €4,066 | €4,567 | +€501 | +12.3% |
| Non-recurring operating income | 76A | €9,046 | €500 | -€8,546 | -94.5% |
| Remuneration, social security and pensions | 62 | €1,925 | €0 | -€1,925 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,823 | €9,160 | +€4,337 | +89.9% |
| Other operating charges | 640/8 | €1,511 | €3,278 | +€1,767 | +116.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €55,153 | €23,481 | -€31,673 | -57.4% |
| Operating profit (loss) | 9901 | €46,895 | €11,043 | -€35,852 | -76.5% |
| Financial income | 75/76B | €2,862 | €2,729 | -€133 | -4.7% |
| Recurring financial income | 75 | €2,862 | €2,729 | -€133 | -4.7% |
| Financial charges | 65/66B | €1,309 | €3,606 | +€2,297 | +175.4% |
| Recurring financial charges | 65 | €1,309 | €3,606 | +€2,297 | +175.4% |
| Profit (loss) for the period before taxes | 9903 | €48,448 | €10,167 | -€38,282 | -79.0% |
| Income taxes | 67/77 | €13,393 | €3,129 | -€10,264 | -76.6% |
| Profit (loss) for the period | 9904 | €35,055 | €7,037 | -€28,018 | -79.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,055 | €7,037 | -€28,018 | -79.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.