NDQ Services: 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.
NDQ Services
Largest movements
- Tangible fixed assets -€18,005
down €18,005 (-23.1%), from €77,844 to €59,839
of which Furniture and vehicles: -€9,783
- Cash +€9,423
up €9,423 (+276%), from €3,417 to €12,840
mainly Depreciation (+€14,996) and Other debts (+€13,901)
- Intangible fixed assets -€2,213
down €2,213 (-43.2%), from €5,127 to €2,914
- Current investments +€1,211
up €1,211 (+93.9%), from €1,289 to €2,500
- Debts after one year -€23,094
down €23,094 (-60.2%), from €38,363 to €15,268
of which Financial debts: -€23,094
- Other debts +€13,901
up €13,901, from €0 to €13,901
- Reserves -€7,715
down €7,715 (-16.1%), from €48,022 to €40,307
- Trade debts +€3,669
up €3,669 (+203%), from €1,807 to €5,477
- Tax, wage and social debts +€3,298
up €3,298 (+74.1%), from €4,450 to €7,748
of which Taxes: +€3,298
- Gross operating margin +€24,094
up €24,094 (+212%), from €11,356 to €35,450
- Depreciation +€4,021
up €4,021 (+36.6%), from €10,975 to €14,996
- Taxes +€2,423
up €2,423 (+1,419%), from €171 to €2,594
- Other operating charges -€1,581
down €1,581 (-53.4%), from €2,959 to €1,377
- Financial charges +€837
up €837 (+23.0%), from €3,639 to €4,476
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 | €118,110 | €109,750 | -€8,360 | -7.1% |
| Fixed assets | 21/28 | €83,966 | €63,748 | -€20,218 | -24.1% |
| Intangible fixed assets | 21 | €5,127 | €2,914 | -€2,213 | -43.2% |
| Tangible fixed assets | 22/27 | €77,844 | €59,839 | -€18,005 | -23.1% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €674 | €452 | -€222 | -32.9% |
| Furniture and vehicles | 24 | €64,669 | €54,886 | -€9,783 | -15.1% |
| Other tangible fixed assets | 26 | €12,501 | €4,501 | -€8,000 | -64.0% |
| Financial fixed assets | 28 | €995 | €995 | = | 0.0% |
| Current assets | 29/58 | €34,144 | €46,002 | +€11,858 | +34.7% |
| Amounts receivable within one year | 40/41 | €25,775 | €26,165 | +€390 | +1.5% |
| Trade receivables | 40 | €15,446 | €18,647 | +€3,201 | +20.7% |
| Other amounts receivable | 41 | €10,329 | €7,518 | -€2,811 | -27.2% |
| Current investments | 50/53 | €1,289 | €2,500 | +€1,211 | +93.9% |
| Cash at bank and in hand | 54/58 | €3,417 | €12,840 | +€9,423 | +276% |
| Deferred charges and accrued income | 490/1 | €3,663 | €4,498 | +€835 | +22.8% |
| Total equity and liabilities | 10/49 | €118,110 | €109,750 | -€8,360 | -7.1% |
| Equity | 10/15 | €50,522 | €42,807 | -€7,715 | -15.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €48,022 | €40,307 | -€7,715 | -16.1% |
| Distributable reserves | 133 | €48,022 | €40,307 | -€7,715 | -16.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €67,588 | €66,943 | -€645 | -1.0% |
| Amounts payable after more than one year | 17 | €38,363 | €15,268 | -€23,094 | -60.2% |
| Financial debts | 170/4 | €38,363 | €15,268 | -€23,094 | -60.2% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €29,150 | €51,631 | +€22,481 | +77.1% |
| Current portion of amounts payable after more than one year | 42 | €22,892 | €24,505 | +€1,613 | +7.0% |
| Trade debts | 44 | €1,807 | €5,477 | +€3,669 | +203% |
| Suppliers | 440/4 | €1,807 | €5,477 | +€3,669 | +203% |
| Taxes, remuneration and social security | 45 | €4,450 | €7,748 | +€3,298 | +74.1% |
| Taxes | 450/3 | €4,450 | €7,748 | +€3,298 | +74.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €13,901 | +€13,901 | |
| Accrued charges and deferred income | 492/3 | €76 | €44 | -€32 | -41.9% |
| Non-recurring operating income | 76A | €2,688 | €0 | -€2,688 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,975 | €14,996 | +€4,021 | +36.6% |
| Other operating charges | 640/8 | €2,959 | €1,377 | -€1,581 | -53.4% |
| Non-recurring operating charges | 66A | - | €4,767 | +€4,767 | |
| Gross operating margin | 9900 | €11,356 | €35,450 | +€24,094 | +212% |
| Operating profit (loss) | 9901 | -€2,578 | €14,310 | +€16,888 | |
| Financial income | 75/76B | €7 | €45 | +€38 | +577% |
| Recurring financial income | 75 | €7 | €45 | +€38 | +577% |
| Financial charges | 65/66B | €3,639 | €4,476 | +€837 | +23.0% |
| Recurring financial charges | 65 | €3,639 | €4,476 | +€837 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,210 | €9,879 | +€16,089 | |
| Income taxes | 67/77 | €171 | €2,594 | +€2,423 | +1,419% |
| Profit (loss) for the period | 9904 | -€6,381 | €7,285 | +€13,666 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,381 | €7,285 | +€13,666 |
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 15 October 2026 via checked.be.