NDKS: 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.
NDKS
Largest movements
- Cash +€269,342
up €269,342 (+104.2%), from €258,565 to €527,907
mainly Net result for the year (+€311,408) and Current investments (+€47,000)
- Current investments -€47,000
down €47,000 (-6.3%), from €750,000 to €703,000
- Tangible fixed assets -€16,988
down €16,988 (-49.5%), from €34,351 to €17,363
of which Furniture and vehicles: -€16,776
- Reserves +€211,775
up €211,775 (+20.9%), from €1.0m to €1.2m
of which Distributable reserves: +€211,775
- Gross operating margin +€72,927
up €72,927 (+19.3%), from €377,765 to €450,692
- Taxes +€28,364
up €28,364 (+24.0%), from €118,368 to €146,732
- Financial income +€15,869
up €15,869 (+167.4%), from €9,477 to €25,346
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 | €1,066,509 | €1,280,700 | +€214,191 | +20.1% |
| Fixed assets | 21/28 | €34,376 | €17,388 | -€16,988 | -49.4% |
| Tangible fixed assets | 22/27 | €34,351 | €17,363 | -€16,988 | -49.5% |
| Plant, machinery and equipment | 23 | €1,497 | €1,285 | -€212 | -14.2% |
| Furniture and vehicles | 24 | €32,853 | €16,078 | -€16,776 | -51.1% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €1,032,133 | €1,263,312 | +€231,179 | +22.4% |
| Amounts receivable within one year | 40/41 | €22,088 | €30,326 | +€8,238 | +37.3% |
| Trade receivables | 40 | €20,674 | €21,138 | +€464 | +2.2% |
| Other amounts receivable | 41 | €1,414 | €9,188 | +€7,774 | +549.6% |
| Current investments | 50/53 | €750,000 | €703,000 | -€47,000 | -6.3% |
| Cash at bank and in hand | 54/58 | €258,565 | €527,907 | +€269,342 | +104.2% |
| Deferred charges and accrued income | 490/1 | €1,481 | €2,080 | +€599 | +40.5% |
| Total equity and liabilities | 10/49 | €1,066,509 | €1,280,700 | +€214,191 | +20.1% |
| Equity | 10/15 | €1,024,984 | €1,236,758 | +€211,775 | +20.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,012,584 | €1,224,358 | +€211,775 | +20.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,010,724 | €1,222,498 | +€211,775 | +21.0% |
| Amounts payable | 17/49 | €41,525 | €43,942 | +€2,417 | +5.8% |
| Amounts payable within one year | 42/48 | €41,525 | €43,942 | +€2,417 | +5.8% |
| Trade debts | 44 | €2,549 | - | -€2,549 | |
| Suppliers | 440/4 | €2,549 | - | -€2,549 | |
| Taxes, remuneration and social security | 45 | €26,028 | €30,312 | +€4,283 | +16.5% |
| Taxes | 450/3 | €24,245 | €30,312 | +€6,067 | +25.0% |
| Remuneration and social security | 454/9 | €1,783 | - | -€1,783 | |
| Other amounts payable | 47/48 | €12,948 | €13,630 | +€682 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,140 | €16,988 | -€152 | -0.9% |
| Other operating charges | 640/8 | €587 | €622 | +€34 | +5.8% |
| Gross operating margin | 9900 | €377,765 | €450,692 | +€72,927 | +19.3% |
| Operating profit (loss) | 9901 | €360,038 | €433,083 | +€73,045 | +20.3% |
| Financial income | 75/76B | €9,477 | €25,346 | +€15,869 | +167.4% |
| Recurring financial income | 75 | €9,477 | €25,346 | +€15,869 | +167.4% |
| Financial charges | 65/66B | €30 | €289 | +€259 | +862.3% |
| Recurring financial charges | 65 | €30 | €289 | +€259 | +862.3% |
| Profit (loss) for the period before taxes | 9903 | €369,485 | €458,140 | +€88,655 | +24.0% |
| Income taxes | 67/77 | €118,368 | €146,732 | +€28,364 | +24.0% |
| Profit (loss) for the period | 9904 | €251,117 | €311,408 | +€60,291 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €251,117 | €311,408 | +€60,291 | +24.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.