(Ndt) TRADUCTIONS: what changed
Two fiscal 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.
(Ndt) TRADUCTIONS
Largest movements
- Receivables within one year +€3,920
up €3,920 (+37.8%), from €10,380 to €14,300
of which Trade receivables: +€2,186
- Tangible fixed assets -€3,429
down €3,429 (-31.5%), from €10,896 to €7,466
- Cash -€1,134
down €1,134 (-2.5%), from €45,307 to €44,173
mainly Other debts (-€6,022) and Receivables within one year (-€3,920)
- Other debts -€6,022
down €6,022 (-93.2%), from €6,460 to €438
- Tax, wage and social debts +€5,505
up €5,505 (+430.6%), from €1,278 to €6,783
of which Remuneration and social security: +€3,000
- Debts after one year -€2,520
down €2,520 (-39.7%), from €6,350 to €3,830
- Reserves +€2,242
up €2,242 (+23.0%), from €9,763 to €12,005
of which Distributable reserves: +€2,242
- Gross operating margin +€13,784
up €13,784, from -€3,609 to €10,175
- Taxes +€1,894
up €1,894 (+1171.3%), from €162 to €2,055
- Financial charges +€359
up €359 (+26.6%), from €1,349 to €1,708
of which Non-recurring financial charges: +€602
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 | €67,324 | €66,717 | -€608 | -0.9% |
| Fixed assets | 21/28 | €10,946 | €7,516 | -€3,429 | -31.3% |
| Tangible fixed assets | 22/27 | €10,896 | €7,466 | -€3,429 | -31.5% |
| Furniture and vehicles | 24 | €10,896 | €7,466 | -€3,429 | -31.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €56,379 | €59,200 | +€2,822 | +5.0% |
| Amounts receivable within one year | 40/41 | €10,380 | €14,300 | +€3,920 | +37.8% |
| Trade receivables | 40 | €6,297 | €8,483 | +€2,186 | +34.7% |
| Other amounts receivable | 41 | €4,083 | €5,817 | +€1,734 | +42.5% |
| Cash at bank and in hand | 54/58 | €45,307 | €44,173 | -€1,134 | -2.5% |
| Deferred charges and accrued income | 490/1 | €691 | €727 | +€36 | +5.2% |
| Total equity and liabilities | 10/49 | €67,324 | €66,717 | -€608 | -0.9% |
| Equity | 10/15 | €50,140 | €52,382 | +€2,242 | +4.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,763 | €12,005 | +€2,242 | +23.0% |
| 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 | €7,903 | €10,145 | +€2,242 | +28.4% |
| Profit (loss) carried forward | 14 | €34,177 | €34,177 | = | 0.0% |
| Amounts payable | 17/49 | €17,185 | €14,335 | -€2,850 | -16.6% |
| Amounts payable after more than one year | 17 | €6,350 | €3,830 | -€2,520 | -39.7% |
| Financial debts | 170/4 | €6,350 | €3,830 | -€2,520 | -39.7% |
| Amounts payable within one year | 42/48 | €10,835 | €10,505 | -€330 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €2,335 | €2,520 | +€185 | +7.9% |
| Trade debts | 44 | €763 | €765 | +€2 | +0.3% |
| Suppliers | 440/4 | €763 | €765 | +€2 | +0.3% |
| Taxes, remuneration and social security | 45 | €1,278 | €6,783 | +€5,505 | +430.6% |
| Taxes | 450/3 | €278 | €2,783 | +€2,505 | +900.1% |
| Remuneration and social security | 454/9 | €1,000 | €4,000 | +€3,000 | +300.0% |
| Other amounts payable | 47/48 | €6,460 | €438 | -€6,022 | -93.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,493 | €3,429 | -€63 | -1.8% |
| Other operating charges | 640/8 | €663 | €741 | +€78 | +11.8% |
| Gross operating margin | 9900 | -€3,609 | €10,175 | +€13,784 | |
| Operating profit (loss) | 9901 | -€7,764 | €6,005 | +€13,769 | |
| Financial income | 75/76B | €1 | €0 | -€0 | -46.0% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -46.0% |
| Financial charges | 65/66B | €1,349 | €1,708 | +€359 | +26.6% |
| Recurring financial charges | 65 | €980 | €736 | -€243 | -24.8% |
| Non-recurring financial charges | 66B | €370 | €972 | +€602 | +162.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,113 | €4,297 | +€13,410 | |
| Income taxes | 67/77 | €162 | €2,055 | +€1,894 | +1171.3% |
| Profit (loss) for the period | 9904 | -€9,275 | €2,242 | +€11,517 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,275 | €2,242 | +€11,517 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.