NDR Law: 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.
NDR Law
Largest movements
- Cash +€39,393
up €39,393 (+86.4%), from €45,614 to €85,007
mainly Net result for the year (+€35,748) and Tax, wage and social debts (+€2,574)
- Reserves +€35,748
up €35,748 (+151%), from €23,709 to €59,456
- Tax, wage and social debts +€2,574
up €2,574 (+36.6%), from €7,030 to €9,604
of which Remuneration and social security: +€1,515
- Gross operating margin +€21,645
up €21,645 (+84.4%), from €25,639 to €47,284
- Taxes +€4,326
up €4,326 (+88.0%), from €4,915 to €9,240
- Other operating charges +€614
up €614 (+159%), from €387 to €1,001
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 | €51,551 | €91,312 | +€39,761 | +77.1% |
| Current assets | 29/58 | €51,551 | €91,312 | +€39,761 | +77.1% |
| Amounts receivable within one year | 40/41 | €3,742 | €3,987 | +€245 | +6.6% |
| Trade receivables | 40 | €3,192 | €3,833 | +€641 | +20.1% |
| Other amounts receivable | 41 | €550 | €154 | -€396 | -72.0% |
| Cash at bank and in hand | 54/58 | €45,614 | €85,007 | +€39,393 | +86.4% |
| Deferred charges and accrued income | 490/1 | €2,195 | €2,318 | +€123 | +5.6% |
| Total equity and liabilities | 10/49 | €51,551 | €91,312 | +€39,761 | +77.1% |
| Equity | 10/15 | €26,209 | €61,956 | +€35,748 | +136% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €23,709 | €59,456 | +€35,748 | +151% |
| Distributable reserves | 133 | €23,709 | €59,456 | +€35,748 | +151% |
| Amounts payable | 17/49 | €25,342 | €29,355 | +€4,013 | +15.8% |
| Amounts payable within one year | 42/48 | €24,037 | €27,479 | +€3,442 | +14.3% |
| Trade debts | 44 | €2,058 | €2,320 | +€262 | +12.7% |
| Suppliers | 440/4 | €2,058 | €2,320 | +€262 | +12.7% |
| Taxes, remuneration and social security | 45 | €7,030 | €9,604 | +€2,574 | +36.6% |
| Taxes | 450/3 | €5,246 | €6,304 | +€1,058 | +20.2% |
| Remuneration and social security | 454/9 | €1,785 | €3,300 | +€1,515 | +84.9% |
| Other amounts payable | 47/48 | €14,949 | €15,555 | +€606 | +4.1% |
| Accrued charges and deferred income | 492/3 | €1,305 | €1,877 | +€571 | +43.8% |
| Other operating charges | 640/8 | €387 | €1,001 | +€614 | +159% |
| Gross operating margin | 9900 | €25,639 | €47,284 | +€21,645 | +84.4% |
| Operating profit (loss) | 9901 | €25,252 | €46,283 | +€21,031 | +83.3% |
| Financial income | 75/76B | €0 | €21 | +€21 | |
| Recurring financial income | 75 | €0 | €21 | +€21 | |
| Financial charges | 65/66B | €1,542 | €1,315 | -€227 | -14.7% |
| Recurring financial charges | 65 | €1,542 | €1,315 | -€227 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €23,710 | €44,988 | +€21,278 | +89.7% |
| Income taxes | 67/77 | €4,915 | €9,240 | +€4,326 | +88.0% |
| Profit (loss) for the period | 9904 | €18,795 | €35,748 | +€16,953 | +90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,795 | €35,748 | +€16,953 | +90.2% |
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 28 October 2026 via checked.be.