NDSOFT: 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.
NDSOFT
Largest movements
- Current investments +€17,312
up €17,312 (+38.5%), from €44,921 to €62,233
- Tangible fixed assets -€15,039
down €15,039 (-7.3%), from €205,134 to €190,095
of which Land and buildings: -€21,585
- Cash -€9,921
down €9,921 (-4.8%), from €206,739 to €196,817
mainly Debts after one year (-€23,361) and Current investments (-€17,312)
- Debts after one year -€23,361
down €23,361 (-28.9%), from €80,849 to €57,487
- Reserves +€20,171
up €20,171 (+14.0%), from €144,159 to €164,329
of which Distributable reserves: +€20,171
- Tax, wage and social debts -€5,648
down €5,648 (-38.1%), from €14,814 to €9,166
- Gross operating margin -€12,624
down €12,624 (-15.6%), from €80,850 to €68,226
- Financial charges +€5,571
up €5,571 (+210.8%), from €2,643 to €8,214
- Taxes -€5,410
down €5,410 (-37.2%), from €14,548 to €9,138
- Depreciation +€1,490
up €1,490 (+5.8%), from €25,530 to €27,020
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.
Cash bridge derived
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 | €476,926 | €470,505 | -€6,421 | -1.3% |
| Fixed assets | 21/28 | €205,211 | €190,172 | -€15,039 | -7.3% |
| Tangible fixed assets | 22/27 | €205,134 | €190,095 | -€15,039 | -7.3% |
| Land and buildings | 22 | €184,607 | €163,023 | -€21,585 | -11.7% |
| Plant, machinery and equipment | 23 | €17,030 | €20,403 | +€3,372 | +19.8% |
| Furniture and vehicles | 24 | €3,496 | €6,670 | +€3,174 | +90.8% |
| Financial fixed assets | 28 | €77 | €77 | = | 0.0% |
| Current assets | 29/58 | €271,715 | €280,333 | +€8,618 | +3.2% |
| Amounts receivable within one year | 40/41 | €19,359 | €20,530 | +€1,172 | +6.1% |
| Trade receivables | 40 | €18,207 | €13,810 | -€4,397 | -24.1% |
| Other amounts receivable | 41 | €1,152 | €6,720 | +€5,568 | +483.3% |
| Current investments | 50/53 | €44,921 | €62,233 | +€17,312 | +38.5% |
| Cash at bank and in hand | 54/58 | €206,739 | €196,817 | -€9,921 | -4.8% |
| Deferred charges and accrued income | 490/1 | €697 | €752 | +€55 | +7.9% |
| Total equity and liabilities | 10/49 | €476,926 | €470,505 | -€6,421 | -1.3% |
| Equity | 10/15 | €353,372 | €373,543 | +€20,171 | +5.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €144,159 | €164,329 | +€20,171 | +14.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €142,299 | €162,469 | +€20,171 | +14.2% |
| Profit (loss) carried forward | 14 | €196,813 | €196,813 | = | 0.0% |
| Amounts payable | 17/49 | €123,554 | €96,962 | -€26,592 | -21.5% |
| Amounts payable after more than one year | 17 | €80,849 | €57,487 | -€23,361 | -28.9% |
| Financial debts | 170/4 | €80,849 | €57,487 | -€23,361 | -28.9% |
| Amounts payable within one year | 42/48 | €42,705 | €39,475 | -€3,230 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €19,143 | €23,361 | +€4,219 | +22.0% |
| Trade debts | 44 | €6,823 | €3,837 | -€2,986 | -43.8% |
| Suppliers | 440/4 | €6,823 | €3,837 | -€2,986 | -43.8% |
| Taxes, remuneration and social security | 45 | €14,814 | €9,166 | -€5,648 | -38.1% |
| Taxes | 450/3 | €14,814 | €9,166 | -€5,648 | -38.1% |
| Other amounts payable | 47/48 | €1,926 | €3,110 | +€1,185 | +61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,530 | €27,020 | +€1,490 | +5.8% |
| Other operating charges | 640/8 | €4,913 | €5,344 | +€431 | +8.8% |
| Gross operating margin | 9900 | €80,850 | €68,226 | -€12,624 | -15.6% |
| Operating profit (loss) | 9901 | €50,406 | €35,862 | -€14,544 | -28.9% |
| Financial income | 75/76B | €1,625 | €1,661 | +€35 | +2.2% |
| Recurring financial income | 75 | €1,625 | €1,661 | +€35 | +2.2% |
| Financial charges | 65/66B | €2,643 | €8,214 | +€5,571 | +210.8% |
| Recurring financial charges | 65 | €2,643 | €8,214 | +€5,571 | +210.8% |
| Profit (loss) for the period before taxes | 9903 | €49,389 | €29,308 | -€20,081 | -40.7% |
| Income taxes | 67/77 | €14,548 | €9,138 | -€5,410 | -37.2% |
| Profit (loss) for the period | 9904 | €34,841 | €20,171 | -€14,670 | -42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,841 | €20,171 | -€14,670 | -42.1% |
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 9 October 2026 via checked.be.