NDS ARCHITECTURE: 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 ARCHITECTURE
Largest movements
- Receivables within one year +€51,626
up €51,626 (+269%), from €19,185 to €70,811
of which Trade receivables: +€55,876
- Cash -€23,716
down €23,716 (-28.0%), from €84,742 to €61,026
mainly Receivables within one year (-€51,626) and Contributions, distributions and other (-€46,600)
- Tangible fixed assets -€21,681
down €21,681 (-5.6%), from €386,503 to €364,822
of which Land and buildings: -€19,338
- Trade debts +€25,010
up €25,010 (+5,051%), from €495 to €25,506
- Tax, wage and social debts -€14,595
down €14,595 (-50.0%), from €29,215 to €14,621
- Debts after one year -€12,782
down €12,782 (-4.5%), from €282,170 to €269,388
- Other debts +€9,610
up €9,610 (+16.3%), from €59,100 to €68,710
- Gross operating margin +€2,743
up €2,743 (+2.8%), from €98,512 to €101,255
- Financial charges -€2,182
down €2,182 (-14.8%), from €14,712 to €12,530
- Depreciation +€1,253
up €1,253 (+5.9%), from €21,152 to €22,405
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 | €499,398 | €508,643 | +€9,245 | +1.9% |
| Fixed assets | 21/28 | €386,751 | €367,677 | -€19,075 | -4.9% |
| Intangible fixed assets | 21 | - | €2,606 | +€2,606 | |
| Tangible fixed assets | 22/27 | €386,503 | €364,822 | -€21,681 | -5.6% |
| Land and buildings | 22 | €380,525 | €361,187 | -€19,338 | -5.1% |
| Furniture and vehicles | 24 | €5,270 | €3,297 | -€1,973 | -37.4% |
| Other tangible fixed assets | 26 | €708 | €338 | -€370 | -52.3% |
| Financial fixed assets | 28 | €249 | €249 | = | 0.0% |
| Current assets | 29/58 | €112,646 | €140,966 | +€28,320 | +25.1% |
| Amounts receivable within one year | 40/41 | €19,185 | €70,811 | +€51,626 | +269% |
| Trade receivables | 40 | €14,825 | €70,701 | +€55,876 | +377% |
| Other amounts receivable | 41 | €4,361 | €111 | -€4,250 | -97.5% |
| Cash at bank and in hand | 54/58 | €84,742 | €61,026 | -€23,716 | -28.0% |
| Deferred charges and accrued income | 490/1 | €8,720 | €9,129 | +€410 | +4.7% |
| Total equity and liabilities | 10/49 | €499,398 | €508,643 | +€9,245 | +1.9% |
| Equity | 10/15 | €116,045 | €117,636 | +€1,591 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,445 | €99,036 | +€1,591 | +1.6% |
| Amounts payable | 17/49 | €383,353 | €391,007 | +€7,654 | +2.0% |
| Amounts payable after more than one year | 17 | €282,170 | €269,388 | -€12,782 | -4.5% |
| Financial debts | 170/4 | €282,170 | €269,388 | -€12,782 | -4.5% |
| Amounts payable within one year | 42/48 | €101,182 | €121,619 | +€20,437 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €12,372 | €12,782 | +€411 | +3.3% |
| Trade debts | 44 | €495 | €25,506 | +€25,010 | +5,051% |
| Suppliers | 440/4 | €495 | €25,506 | +€25,010 | +5,051% |
| Taxes, remuneration and social security | 45 | €29,215 | €14,621 | -€14,595 | -50.0% |
| Taxes | 450/3 | €29,215 | €14,621 | -€14,595 | -50.0% |
| Other amounts payable | 47/48 | €59,100 | €68,710 | +€9,610 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,152 | €22,405 | +€1,253 | +5.9% |
| Other operating charges | 640/8 | €3,033 | €3,746 | +€713 | +23.5% |
| Gross operating margin | 9900 | €98,512 | €101,255 | +€2,743 | +2.8% |
| Operating profit (loss) | 9901 | €74,327 | €75,105 | +€778 | +1.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €14,712 | €12,530 | -€2,182 | -14.8% |
| Recurring financial charges | 65 | €14,712 | €12,530 | -€2,182 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €59,615 | €62,575 | +€2,960 | +5.0% |
| Income taxes | 67/77 | €13,639 | €14,384 | +€744 | +5.5% |
| Profit (loss) for the period | 9904 | €45,976 | €48,191 | +€2,215 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,976 | €48,191 | +€2,215 | +4.8% |
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 24 October 2026 via checked.be.