NDS: 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.
NDS
Largest movements
- Cash -€42,146
down €42,146 (-19.8%), from €212,353 to €170,207
mainly Investment in fixed assets (net) (-€37,780) and Net result for the year (-€19,868)
- Receivables within one year +€3,947
up €3,947 (+24.0%), from €16,433 to €20,380
of which Trade receivables: +€5,665
- Profit (loss) carried forward -€19,868
down €19,868 (-7.4%), from €268,599 to €248,731
- Tax, wage and social debts -€15,717
down €15,717 (-62.5%), from €25,147 to €9,430
of which Taxes: -€16,351
- Gross operating margin -€12,543
down €12,543 (-15.0%), from €83,371 to €70,828
- Depreciation +€7,431
up €7,431 (+26.0%), from €28,543 to €35,974
- Staff costs +€1,793
up €1,793 (+3.3%), from €54,103 to €55,895
- Financial income +€1,282
up €1,282 (+233%), from €550 to €1,832
- Taxes -€1,033
down €1,033, from €1,019 to -€14
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 | €344,246 | €308,517 | -€35,728 | -10.4% |
| Fixed assets | 21/28 | €114,977 | €116,783 | +€1,806 | +1.6% |
| Tangible fixed assets | 22/27 | €114,977 | €116,783 | +€1,806 | +1.6% |
| Land and buildings | 22 | €9,332 | €7,794 | -€1,538 | -16.5% |
| Plant, machinery and equipment | 23 | €1,847 | €777 | -€1,070 | -57.9% |
| Furniture and vehicles | 24 | €103,798 | €108,212 | +€4,414 | +4.3% |
| Current assets | 29/58 | €229,268 | €191,734 | -€37,534 | -16.4% |
| Amounts receivable within one year | 40/41 | €16,433 | €20,380 | +€3,947 | +24.0% |
| Trade receivables | 40 | €4,712 | €10,376 | +€5,665 | +120% |
| Other amounts receivable | 41 | €11,721 | €10,004 | -€1,718 | -14.7% |
| Cash at bank and in hand | 54/58 | €212,353 | €170,207 | -€42,146 | -19.8% |
| Deferred charges and accrued income | 490/1 | €482 | €1,147 | +€665 | +138% |
| Total equity and liabilities | 10/49 | €344,246 | €308,517 | -€35,728 | -10.4% |
| Equity | 10/15 | €313,926 | €294,058 | -€19,868 | -6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,727 | €26,727 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,809 | €20,809 | = | 0.0% |
| Distributable reserves | 133 | €5,918 | €5,918 | = | 0.0% |
| Profit (loss) carried forward | 14 | €268,599 | €248,731 | -€19,868 | -7.4% |
| Amounts payable | 17/49 | €30,319 | €14,459 | -€15,860 | -52.3% |
| Amounts payable within one year | 42/48 | €30,319 | €14,459 | -€15,860 | -52.3% |
| Trade debts | 44 | €5,173 | €5,029 | -€143 | -2.8% |
| Suppliers | 440/4 | €5,173 | €5,029 | -€143 | -2.8% |
| Taxes, remuneration and social security | 45 | €25,147 | €9,430 | -€15,717 | -62.5% |
| Taxes | 450/3 | €19,984 | €3,633 | -€16,351 | -81.8% |
| Remuneration and social security | 454/9 | €5,163 | €5,797 | +€634 | +12.3% |
| Non-recurring operating income | 76A | - | €18,500 | +€18,500 | |
| Remuneration, social security and pensions | 62 | €54,103 | €55,895 | +€1,793 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,543 | €35,974 | +€7,431 | +26.0% |
| Other operating charges | 640/8 | €568 | €584 | +€16 | +2.9% |
| Gross operating margin | 9900 | €83,371 | €70,828 | -€12,543 | -15.0% |
| Operating profit (loss) | 9901 | €158 | -€21,625 | -€21,783 | |
| Financial income | 75/76B | €550 | €1,832 | +€1,282 | +233% |
| Recurring financial income | 75 | €550 | €1,832 | +€1,282 | +233% |
| Financial charges | 65/66B | €255 | €90 | -€165 | -64.7% |
| Recurring financial charges | 65 | €255 | €90 | -€165 | -64.7% |
| Profit (loss) for the period before taxes | 9903 | €453 | -€19,882 | -€20,336 | |
| Income taxes | 67/77 | €1,019 | -€14 | -€1,033 | |
| Profit (loss) for the period | 9904 | -€566 | -€19,868 | -€19,302 | -3,412% |
| Profit (loss) for the period to be appropriated | 9905 | -€566 | -€19,868 | -€19,302 | -3,412% |
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 14 October 2026 via checked.be.