NDS Projects: 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 Projects
Largest movements
- Tangible fixed assets +€36,948
up €36,948 (+293.1%), from €12,604 to €49,552
of which Furniture and vehicles: +€38,135
- Receivables within one year +€20,232
up €20,232 (+519.7%), from €3,893 to €24,125
of which Other amounts receivable: +€19,566
- Cash +€5,304
up €5,304 (+23.8%), from €22,321 to €27,625
mainly Net result for the year (+€78,598) and Debts after one year (+€17,031)
- Stocks and contracts -€1,614
down €1,614 (-14.6%), from €11,089 to €9,475
- Profit (loss) carried forward +€78,598
up €78,598 (+49.2%), from -€159,675 to -€81,077
- Other debts -€42,453
down €42,453 (-32.4%), from €130,978 to €88,525
- Debts after one year +€17,031
new in 2024: €17,031
- Current portion of long-term debt +€7,409
new in 2024: €7,409
- Tax, wage and social debts +€6,643
up €6,643 (+343.8%), from €1,932 to €8,575
- Gross operating margin +€88,106
up €88,106, from -€275 to €87,831
- Taxes +€925
up €925 (+328.0%), from €282 to €1,207
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,979 | €110,777 | +€60,798 | +121.6% |
| Fixed assets | 21/28 | €12,604 | €49,552 | +€36,948 | +293.1% |
| Tangible fixed assets | 22/27 | €12,604 | €49,552 | +€36,948 | +293.1% |
| Land and buildings | 22 | €5,966 | €5,254 | -€712 | -11.9% |
| Plant, machinery and equipment | 23 | €2,003 | €1,528 | -€475 | -23.7% |
| Furniture and vehicles | 24 | €4,635 | €42,770 | +€38,135 | +822.8% |
| Current assets | 29/58 | €37,375 | €61,225 | +€23,850 | +63.8% |
| Stocks and contracts in progress | 3 | €11,089 | €9,475 | -€1,614 | -14.6% |
| Stocks | 30/36 | €11,089 | €9,475 | -€1,614 | -14.6% |
| Amounts receivable within one year | 40/41 | €3,893 | €24,125 | +€20,232 | +519.7% |
| Trade receivables | 40 | - | €666 | +€666 | |
| Other amounts receivable | 41 | €3,893 | €23,459 | +€19,566 | +502.6% |
| Cash at bank and in hand | 54/58 | €22,321 | €27,625 | +€5,304 | +23.8% |
| Deferred charges and accrued income | 490/1 | €72 | - | -€72 | |
| Total equity and liabilities | 10/49 | €49,979 | €110,777 | +€60,798 | +121.6% |
| Equity | 10/15 | -€89,675 | -€11,077 | +€78,598 | +87.6% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€159,675 | -€81,077 | +€78,598 | +49.2% |
| Amounts payable | 17/49 | €139,654 | €121,854 | -€17,800 | -12.7% |
| Amounts payable after more than one year | 17 | - | €17,031 | +€17,031 | |
| Financial debts | 170/4 | - | €17,031 | +€17,031 | |
| Amounts payable within one year | 42/48 | €139,640 | €104,823 | -€34,817 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | - | €7,409 | +€7,409 | |
| Trade debts | 44 | €6,730 | €314 | -€6,416 | -95.3% |
| Suppliers | 440/4 | €6,730 | €314 | -€6,416 | -95.3% |
| Taxes, remuneration and social security | 45 | €1,932 | €8,575 | +€6,643 | +343.8% |
| Taxes | 450/3 | €1,932 | €8,575 | +€6,643 | +343.8% |
| Other amounts payable | 47/48 | €130,978 | €88,525 | -€42,453 | -32.4% |
| Accrued charges and deferred income | 492/3 | €14 | - | -€14 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,862 | €6,131 | -€731 | -10.7% |
| Other operating charges | 640/8 | €1,723 | €1,358 | -€365 | -21.2% |
| Gross operating margin | 9900 | -€275 | €87,831 | +€88,106 | |
| Operating profit (loss) | 9901 | -€8,860 | €80,342 | +€89,202 | |
| Financial charges | 65/66B | €322 | €537 | +€215 | +66.8% |
| Recurring financial charges | 65 | €322 | €537 | +€215 | +66.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,182 | €79,805 | +€88,987 | |
| Income taxes | 67/77 | €282 | €1,207 | +€925 | +328.0% |
| Profit (loss) for the period | 9904 | -€9,464 | €78,598 | +€88,062 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,464 | €78,598 | +€88,062 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.