NDK Construct: what changed
Two financial 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.
NDK Construct
Largest movements
- Financial fixed assets -€44,304
down €44,304 (-100.0%), from €44,304 to €0
- Receivables within one year -€40,495
down €40,495 (-69.4%), from €58,380 to €17,885
of which Trade receivables: -€32,632
- Deferred charges and accrued income +€37,705
up €37,705 (+12777.0%), from €295 to €38,000
- Receivables after one year -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Cash -€6,968
down €6,968 (-84.2%), from €8,280 to €1,312
mainly Other debts (-€65,845) and Deferred charges and accrued income (-€37,705)
- Other debts -€65,845
down €65,845 (-83.2%), from €79,122 to €13,276
- Debts after one year -€20,000
down €20,000 (-100.0%), from €20,000 to €0
- Profit (loss) carried forward +€19,980
up €19,980 (+4699.1%), from €425 to €20,405
- Accrued charges and deferred income -€1,250
down €1,250 (-100.0%), from €1,250 to €0
- Gross operating margin +€44,168
up €44,168, from -€9,955 to €34,213
- Financial charges +€7,578
up €7,578 (+17420.7%), from €44 to €7,622
- Depreciation +€1,464
up €1,464 (+150.4%), from €973 to €2,437
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 | €123,696 | €57,196 | -€66,500 | -53.8% |
| Fixed assets | 21/28 | €46,741 | €0 | -€46,741 | -100.0% |
| Tangible fixed assets | 22/27 | €2,437 | €0 | -€2,437 | -100.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €2,437 | €0 | -€2,437 | -100.0% |
| Financial fixed assets | 28 | €44,304 | €0 | -€44,304 | -100.0% |
| Current assets | 29/58 | €76,955 | €57,196 | -€19,759 | -25.7% |
| Amounts receivable after more than one year | 29 | €10,000 | €0 | -€10,000 | -100.0% |
| Other amounts receivable | 291 | €10,000 | €0 | -€10,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €58,380 | €17,885 | -€40,495 | -69.4% |
| Trade receivables | 40 | €49,281 | €16,649 | -€32,632 | -66.2% |
| Other amounts receivable | 41 | €9,099 | €1,235 | -€7,864 | -86.4% |
| Cash at bank and in hand | 54/58 | €8,280 | €1,312 | -€6,968 | -84.2% |
| Deferred charges and accrued income | 490/1 | €295 | €38,000 | +€37,705 | +12777.0% |
| Total equity and liabilities | 10/49 | €123,696 | €57,196 | -€66,500 | -53.8% |
| Equity | 10/15 | €22,025 | €42,005 | +€19,980 | +90.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €425 | €20,405 | +€19,980 | +4699.1% |
| Amounts payable | 17/49 | €101,671 | €15,191 | -€86,480 | -85.1% |
| Amounts payable after more than one year | 17 | €20,000 | €0 | -€20,000 | -100.0% |
| Financial debts | 170/4 | €20,000 | €0 | -€20,000 | -100.0% |
| Amounts payable within one year | 42/48 | €80,421 | €15,191 | -€65,230 | -81.1% |
| Trade debts | 44 | €624 | €97 | -€527 | -84.4% |
| Suppliers | 440/4 | €624 | €97 | -€527 | -84.4% |
| Taxes, remuneration and social security | 45 | €675 | €1,817 | +€1,142 | +169.2% |
| Taxes | 450/3 | €675 | €1,817 | +€1,142 | +169.2% |
| Other amounts payable | 47/48 | €79,122 | €13,276 | -€65,845 | -83.2% |
| Accrued charges and deferred income | 492/3 | €1,250 | €0 | -€1,250 | -100.0% |
| Non-recurring operating income | 76A | - | €8,355 | +€8,355 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €973 | €2,437 | +€1,464 | +150.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €1,431 | €1,473 | +€43 | +3.0% |
| Non-recurring operating charges | 66A | - | €2,377 | +€2,377 | |
| Gross operating margin | 9900 | -€9,955 | €34,213 | +€44,168 | |
| Operating profit (loss) | 9901 | -€12,359 | €27,925 | +€40,284 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €44 | €7,622 | +€7,578 | +17420.7% |
| Recurring financial charges | 65 | €44 | €7,622 | +€7,578 | +17420.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,402 | €20,304 | +€32,706 | |
| Income taxes | 67/77 | €265 | €324 | +€59 | +22.3% |
| Profit (loss) for the period | 9904 | -€12,667 | €19,980 | +€32,647 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,667 | €19,980 | +€32,647 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.