NDN: 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.
NDN
Largest movements
- Cash +€19,346
up €19,346 (+133.4%), from €14,503 to €33,850
mainly Investment in fixed assets (net) (+€9,336) and Net result for the year (+€7,870)
- Tangible fixed assets -€10,393
down €10,393 (-95.7%), from €10,857 to €463
of which Furniture and vehicles: -€5,560
- Receivables within one year +€6,552
up €6,552 (+77.9%), from €8,409 to €14,962
of which Trade receivables: +€6,334
- Reserves +€7,870
up €7,870 (+724.0%), from €1,087 to €8,957
- Accrued charges and deferred income +€7,310
up €7,310 (+1441.9%), from €507 to €7,817
- Other debts +€6,253
new in 2025: €6,253
- Debts after one year -€3,898
no longer reported in 2025 (was €3,898)
- Tax, wage and social debts +€3,501
new in 2025: €3,501
- Gross operating margin +€15,551
up €15,551 (+334.8%), from €4,645 to €20,196
- Taxes +€3,657
up €3,657 (+38016.4%), from €10 to €3,667
- Depreciation -€3,337
down €3,337 (-75.9%), from €4,394 to €1,057
- Financial charges +€1,613
up €1,613 (+196.2%), from €822 to €2,435
of which Non-recurring financial charges: +€1,428
- Staff costs +€1,440
new in 2025: €1,440
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 | €34,269 | €49,775 | +€15,505 | +45.2% |
| Fixed assets | 21/28 | €11,357 | €963 | -€10,393 | -91.5% |
| Tangible fixed assets | 22/27 | €10,857 | €463 | -€10,393 | -95.7% |
| Land and buildings | 22 | €3,776 | - | -€3,776 | |
| Plant, machinery and equipment | 23 | €1,520 | €463 | -€1,057 | -69.5% |
| Furniture and vehicles | 24 | €5,560 | - | -€5,560 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €22,913 | €48,811 | +€25,899 | +113.0% |
| Amounts receivable within one year | 40/41 | €8,409 | €14,962 | +€6,552 | +77.9% |
| Trade receivables | 40 | €7,236 | €13,570 | +€6,334 | +87.5% |
| Other amounts receivable | 41 | €1,173 | €1,391 | +€218 | +18.6% |
| Cash at bank and in hand | 54/58 | €14,503 | €33,850 | +€19,346 | +133.4% |
| Total equity and liabilities | 10/49 | €34,269 | €49,775 | +€15,505 | +45.2% |
| Equity | 10/15 | €23,201 | €31,071 | +€7,870 | +33.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €1,087 | €8,957 | +€7,870 | +724.0% |
| Distributable reserves | 133 | €1,087 | €8,957 | +€7,870 | +724.0% |
| Profit (loss) carried forward | 14 | €19,614 | €19,614 | = | 0.0% |
| Amounts payable | 17/49 | €11,069 | €18,704 | +€7,635 | +69.0% |
| Amounts payable after more than one year | 17 | €3,898 | - | -€3,898 | |
| Financial debts | 170/4 | €3,898 | - | -€3,898 | |
| Amounts payable within one year | 42/48 | €6,664 | €10,887 | +€4,223 | +63.4% |
| Current portion of amounts payable after more than one year | 42 | €2,426 | - | -€2,426 | |
| Trade debts | 44 | €4,238 | €1,133 | -€3,105 | -73.3% |
| Suppliers | 440/4 | €4,238 | €1,133 | -€3,105 | -73.3% |
| Taxes, remuneration and social security | 45 | - | €3,501 | +€3,501 | |
| Taxes | 450/3 | - | €3,501 | +€3,501 | |
| Other amounts payable | 47/48 | - | €6,253 | +€6,253 | |
| Accrued charges and deferred income | 492/3 | €507 | €7,817 | +€7,310 | +1441.9% |
| Non-recurring operating income | 76A | €901 | - | -€901 | |
| Remuneration, social security and pensions | 62 | - | €1,440 | +€1,440 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,394 | €1,057 | -€3,337 | -75.9% |
| Other operating charges | 640/8 | €701 | €57 | -€644 | -91.8% |
| Non-recurring operating charges | 66A | - | €3,776 | +€3,776 | |
| Gross operating margin | 9900 | €4,645 | €20,196 | +€15,551 | +334.8% |
| Operating profit (loss) | 9901 | -€450 | €13,865 | +€14,315 | |
| Financial income | 75/76B | €517 | €107 | -€410 | -79.3% |
| Recurring financial income | 75 | €517 | €107 | -€410 | -79.3% |
| Financial charges | 65/66B | €822 | €2,435 | +€1,613 | +196.2% |
| Recurring financial charges | 65 | €822 | €1,007 | +€185 | +22.5% |
| Non-recurring financial charges | 66B | - | €1,428 | +€1,428 | |
| Profit (loss) for the period before taxes | 9903 | -€755 | €11,537 | +€12,292 | |
| Income taxes | 67/77 | €10 | €3,667 | +€3,657 | +38016.4% |
| Profit (loss) for the period | 9904 | -€765 | €7,870 | +€8,635 | |
| Profit (loss) for the period to be appropriated | 9905 | -€765 | €7,870 | +€8,635 |
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.