NDM PAINT: 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.
NDM PAINT
Largest movements
- Cash +€18,325
up €18,325 (+174%), from €10,553 to €28,878
mainly Net result for the year (+€11,649) and Receivables within one year (+€5,557)
- Receivables within one year -€5,557
down €5,557 (-43.7%), from €12,708 to €7,151
of which Trade receivables: -€4,626
- Tangible fixed assets -€1,988
down €1,988 (-38.8%), from €5,123 to €3,134
of which Plant, machinery and equipment: -€1,069
- Deferred charges and accrued income -€507
down €507 (-67.6%), from €751 to €243
- Reserves +€11,649
up €11,649 (+67.2%), from €17,328 to €28,977
- Other debts -€859
down €859 (-100%), from €859 to €0
- Tax, wage and social debts -€809
down €809 (-12.5%), from €6,467 to €5,658
- Trade debts +€491
up €491 (+174%), from €282 to €772
- Gross operating margin +€7,957
up €7,957 (+83.5%), from €9,526 to €17,483
- Taxes +€1,814
up €1,814 (+117%), from €1,546 to €3,359
- Depreciation -€498
down €498 (-20.0%), from €2,486 to €1,988
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.
Derived cash bridge
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 | €29,134 | €39,407 | +€10,273 | +35.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €5,123 | €3,134 | -€1,988 | -38.8% |
| Tangible fixed assets | 22/27 | €5,123 | €3,134 | -€1,988 | -38.8% |
| Plant, machinery and equipment | 23 | €1,299 | €231 | -€1,069 | -82.2% |
| Furniture and vehicles | 24 | €3,823 | €2,904 | -€920 | -24.1% |
| Current assets | 29/58 | €24,012 | €36,273 | +€12,262 | +51.1% |
| Amounts receivable within one year | 40/41 | €12,708 | €7,151 | -€5,557 | -43.7% |
| Trade receivables | 40 | €4,626 | €0 | -€4,626 | -100% |
| Other amounts receivable | 41 | €8,082 | €7,151 | -€931 | -11.5% |
| Cash at bank and in hand | 54/58 | €10,553 | €28,878 | +€18,325 | +174% |
| Deferred charges and accrued income | 490/1 | €751 | €243 | -€507 | -67.6% |
| Total equity and liabilities | 10/49 | €29,134 | €39,407 | +€10,273 | +35.3% |
| Equity | 10/15 | €21,328 | €32,977 | +€11,649 | +54.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €17,328 | €28,977 | +€11,649 | +67.2% |
| Distributable reserves | 133 | €17,328 | €28,977 | +€11,649 | +67.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,806 | €6,430 | -€1,376 | -17.6% |
| Amounts payable within one year | 42/48 | €7,608 | €6,430 | -€1,178 | -15.5% |
| Trade debts | 44 | €282 | €772 | +€491 | +174% |
| Suppliers | 440/4 | €282 | €772 | +€491 | +174% |
| Taxes, remuneration and social security | 45 | €6,467 | €5,658 | -€809 | -12.5% |
| Taxes | 450/3 | €6,467 | €5,658 | -€809 | -12.5% |
| Other amounts payable | 47/48 | €859 | €0 | -€859 | -100% |
| Accrued charges and deferred income | 492/3 | €198 | €0 | -€198 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,486 | €1,988 | -€498 | -20.0% |
| Other operating charges | 640/8 | €428 | €506 | +€78 | +18.1% |
| Gross operating margin | 9900 | €9,526 | €17,483 | +€7,957 | +83.5% |
| Operating profit (loss) | 9901 | €6,611 | €14,988 | +€8,377 | +127% |
| Financial income | 75/76B | €255 | €243 | -€11 | -4.4% |
| Recurring financial income | 75 | €255 | €243 | -€11 | -4.4% |
| Financial charges | 65/66B | €104 | €223 | +€119 | +115% |
| Recurring financial charges | 65 | €104 | €223 | +€119 | +115% |
| Profit (loss) for the period before taxes | 9903 | €6,762 | €15,009 | +€8,246 | +122% |
| Income taxes | 67/77 | €1,546 | €3,359 | +€1,814 | +117% |
| Profit (loss) for the period | 9904 | €5,216 | €11,649 | +€6,433 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €5,216 | €11,649 | +€6,433 | +123% |
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 16 October 2026 via checked.be.