NDP MANAGEMENT: 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.
NDP MANAGEMENT
Largest movements
- Tangible fixed assets +€112,478
up €112,478 (+1299.5%), from €8,655 to €121,133
- Other debts +€65,907
up €65,907 (+1.2%), from €5.7m to €5.8m
- Staff costs -€41,773
down €41,773 (-95.0%), from €43,990 to €2,216
- Depreciation +€15,283
up €15,283 (+352.5%), from €4,336 to €19,619
- Gross operating margin +€15,129
up €15,129 (+25.6%), from €59,043 to €74,172
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 | €6,421,964 | €6,530,238 | +€108,274 | +1.7% |
| Fixed assets | 21/28 | €6,266,376 | €6,378,523 | +€112,147 | +1.8% |
| Tangible fixed assets | 22/27 | €8,655 | €121,133 | +€112,478 | +1299.5% |
| Furniture and vehicles | 24 | €8,655 | €121,133 | +€112,478 | +1299.5% |
| Financial fixed assets | 28 | €6,257,721 | €6,257,390 | -€331 | 0.0% |
| Current assets | 29/58 | €155,588 | €151,715 | -€3,873 | -2.5% |
| Amounts receivable within one year | 40/41 | €148,215 | €113,900 | -€34,316 | -23.2% |
| Trade receivables | 40 | €148,215 | €113,900 | -€34,316 | -23.2% |
| Cash at bank and in hand | 54/58 | €7,372 | €37,815 | +€30,443 | +412.9% |
| Total equity and liabilities | 10/49 | €6,421,964 | €6,530,238 | +€108,274 | +1.7% |
| Equity | 10/15 | €683,488 | €734,966 | +€51,479 | +7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €664,888 | €716,366 | +€51,479 | +7.7% |
| Amounts payable | 17/49 | €5,738,476 | €5,795,272 | +€56,796 | +1.0% |
| Amounts payable within one year | 42/48 | €5,738,476 | €5,795,256 | +€56,780 | +1.0% |
| Trade debts | 44 | €1,448 | €3,755 | +€2,306 | +159.2% |
| Suppliers | 440/4 | €1,448 | €3,755 | +€2,306 | +159.2% |
| Taxes, remuneration and social security | 45 | €12,999 | €1,565 | -€11,433 | -88.0% |
| Taxes | 450/3 | €2,585 | €1,565 | -€1,020 | -39.5% |
| Remuneration and social security | 454/9 | €10,414 | - | -€10,414 | |
| Other amounts payable | 47/48 | €5,724,029 | €5,789,936 | +€65,907 | +1.2% |
| Accrued charges and deferred income | 492/3 | - | €16 | +€16 | |
| Remuneration, social security and pensions | 62 | €43,990 | €2,216 | -€41,773 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,336 | €19,619 | +€15,283 | +352.5% |
| Other operating charges | 640/8 | €993 | €379 | -€614 | -61.8% |
| Gross operating margin | 9900 | €59,043 | €74,172 | +€15,129 | +25.6% |
| Operating profit (loss) | 9901 | €9,724 | €51,958 | +€42,233 | +434.3% |
| Financial income | 75/76B | €1 | €1 | +€0 | +69.0% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +69.0% |
| Financial charges | 65/66B | €182 | €279 | +€97 | +53.6% |
| Recurring financial charges | 65 | €182 | €279 | +€97 | +53.6% |
| Profit (loss) for the period before taxes | 9903 | €9,544 | €51,680 | +€42,137 | +441.5% |
| Income taxes | 67/77 | €321 | €202 | -€120 | -37.3% |
| Profit (loss) for the period | 9904 | €9,222 | €51,479 | +€42,256 | +458.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,222 | €51,479 | +€42,256 | +458.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.