NDLO CONSULT: 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.
NDLO CONSULT
Largest movements
- Cash -€23,255
down €23,255 (-98.4%), from €23,644 to €389
mainly Debts after one year (-€15,211) and Net result for the year (-€14,536)
- Tangible fixed assets -€10,873
down €10,873 (-57.2%), from €19,014 to €8,141
of which Furniture and vehicles: -€10,873
- Receivables within one year -€5,864
down €5,864 (-52.5%), from €11,164 to €5,300
- Deferred charges and accrued income -€1,537
down €1,537 (-56.0%), from €2,745 to €1,208
- Debts after one year -€15,211
no longer reported in 2026 (was €15,211)
- Profit (loss) carried forward -€14,535
down €14,535 (-168.0%), from -€8,654 to -€23,189
- Current portion of long-term debt -€9,228
no longer reported in 2026 (was €9,228)
- Trade debts -€2,731
down €2,731 (-99.6%), from €2,742 to €11
- Gross operating margin -€12,376
down €12,376, from €9,836 to -€2,540
- Depreciation -€6,724
down €6,724 (-38.2%), from €17,597 to €10,873
- Financial charges -€278
down €278 (-23.7%), from €1,173 to €895
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,567 | €15,038 | -€41,529 | -73.4% |
| Fixed assets | 21/28 | €19,014 | €8,141 | -€10,873 | -57.2% |
| Tangible fixed assets | 22/27 | €19,014 | €8,141 | -€10,873 | -57.2% |
| Furniture and vehicles | 24 | €14,771 | €3,898 | -€10,873 | -73.6% |
| Other tangible fixed assets | 26 | €4,243 | €4,243 | = | 0.0% |
| Current assets | 29/58 | €37,553 | €6,897 | -€30,656 | -81.6% |
| Amounts receivable within one year | 40/41 | €11,164 | €5,300 | -€5,864 | -52.5% |
| Other amounts receivable | 41 | €11,164 | €5,300 | -€5,864 | -52.5% |
| Cash at bank and in hand | 54/58 | €23,644 | €389 | -€23,255 | -98.4% |
| Deferred charges and accrued income | 490/1 | €2,745 | €1,208 | -€1,537 | -56.0% |
| Total equity and liabilities | 10/49 | €56,567 | €15,038 | -€41,529 | -73.4% |
| Equity | 10/15 | €29,246 | €14,711 | -€14,535 | -49.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €32,900 | €32,900 | = | 0.0% |
| Distributable reserves | 133 | €32,900 | €32,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,654 | -€23,189 | -€14,535 | -168.0% |
| Amounts payable | 17/49 | €27,321 | €327 | -€26,994 | -98.8% |
| Amounts payable after more than one year | 17 | €15,211 | - | -€15,211 | |
| Financial debts | 170/4 | €15,211 | - | -€15,211 | |
| Amounts payable within one year | 42/48 | €12,110 | €327 | -€11,783 | -97.3% |
| Current portion of amounts payable after more than one year | 42 | €9,228 | - | -€9,228 | |
| Trade debts | 44 | €2,742 | €11 | -€2,731 | -99.6% |
| Suppliers | 440/4 | €2,742 | €11 | -€2,731 | -99.6% |
| Taxes, remuneration and social security | 45 | €140 | €316 | +€176 | +125.7% |
| Taxes | 450/3 | €140 | €316 | +€176 | +125.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,597 | €10,873 | -€6,724 | -38.2% |
| Other operating charges | 640/8 | €29 | €52 | +€23 | +79.3% |
| Gross operating margin | 9900 | €9,836 | -€2,540 | -€12,376 | |
| Operating profit (loss) | 9901 | -€7,790 | -€13,465 | -€5,675 | -72.8% |
| Financial charges | 65/66B | €1,173 | €895 | -€278 | -23.7% |
| Recurring financial charges | 65 | €1,173 | €895 | -€278 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,963 | -€14,360 | -€5,397 | -60.2% |
| Income taxes | 67/77 | €140 | €176 | +€36 | +25.7% |
| Profit (loss) for the period | 9904 | -€9,103 | -€14,536 | -€5,433 | -59.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,103 | -€14,536 | -€5,433 | -59.7% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.