NDK Works: 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 Works
Largest movements
- Cash +€100,373
up €100,373 (+210.3%), from €47,727 to €148,100
mainly Net result for the year (+€81,285) and Current investments (+€25,000)
- Current investments -€25,000
down €25,000 (-50.0%), from €50,000 to €25,000
- Receivables within one year +€20,153
up €20,153 (+41.3%), from €48,767 to €68,920
of which Trade receivables: +€12,990
- Deferred charges and accrued income -€9,633
down €9,633 (-95.3%), from €10,112 to €479
- Profit (loss) carried forward +€81,285
up €81,285 (+58.3%), from €139,383 to €220,668
- Tax, wage and social debts +€2,619
up €2,619 (+14.6%), from €17,918 to €20,538
- Gross operating margin +€12,945
up €12,945 (+14.3%), from €90,399 to €103,344
- Taxes +€2,946
up €2,946 (+16.4%), from €17,924 to €20,870
- Financial income +€1,143
up €1,143 (+5829.9%), from €20 to €1,163
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 | €160,349 | €244,771 | +€84,422 | +52.6% |
| Fixed assets | 21/28 | €3,743 | €2,271 | -€1,472 | -39.3% |
| Tangible fixed assets | 22/27 | €3,743 | €2,271 | -€1,472 | -39.3% |
| Plant, machinery and equipment | 23 | €855 | - | -€855 | |
| Furniture and vehicles | 24 | €2,888 | €2,271 | -€616 | -21.3% |
| Current assets | 29/58 | €156,606 | €242,499 | +€85,893 | +54.8% |
| Amounts receivable within one year | 40/41 | €48,767 | €68,920 | +€20,153 | +41.3% |
| Trade receivables | 40 | - | €12,990 | +€12,990 | |
| Other amounts receivable | 41 | €48,767 | €55,930 | +€7,163 | +14.7% |
| Current investments | 50/53 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €47,727 | €148,100 | +€100,373 | +210.3% |
| Deferred charges and accrued income | 490/1 | €10,112 | €479 | -€9,633 | -95.3% |
| Total equity and liabilities | 10/49 | €160,349 | €244,771 | +€84,422 | +52.6% |
| Equity | 10/15 | €142,383 | €223,668 | +€81,285 | +57.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,383 | €220,668 | +€81,285 | +58.3% |
| Amounts payable | 17/49 | €17,966 | €21,103 | +€3,137 | +17.5% |
| Amounts payable within one year | 42/48 | €17,966 | €21,103 | +€3,137 | +17.5% |
| Trade debts | 44 | €48 | €565 | +€518 | +1089.1% |
| Suppliers | 440/4 | €48 | €565 | +€518 | +1089.1% |
| Taxes, remuneration and social security | 45 | €17,918 | €20,538 | +€2,619 | +14.6% |
| Taxes | 450/3 | €17,918 | €20,538 | +€2,619 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,976 | €2,102 | +€126 | +6.4% |
| Other operating charges | 640/8 | €283 | €205 | -€78 | -27.6% |
| Gross operating margin | 9900 | €90,399 | €103,344 | +€12,945 | +14.3% |
| Operating profit (loss) | 9901 | €88,140 | €101,037 | +€12,897 | +14.6% |
| Financial income | 75/76B | €20 | €1,163 | +€1,143 | +5829.9% |
| Recurring financial income | 75 | €20 | €1,163 | +€1,143 | +5829.9% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €88,116 | €102,155 | +€14,039 | +15.9% |
| Income taxes | 67/77 | €17,924 | €20,870 | +€2,946 | +16.4% |
| Profit (loss) for the period | 9904 | €70,192 | €81,285 | +€11,093 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €70,192 | €81,285 | +€11,093 | +15.8% |
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 10 October 2026 via checked.be.