NDTS: 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.
NDTS
Largest movements
- Cash -€268,351
down €268,351 (-94.3%), from €284,706 to €16,355
mainly Debts after one year (-€615,161) and Other debts (-€440,200)
- Financial fixed assets +€177,473
up €177,473 (+1.3%), from €13.4m to €13.6m
- Profit (loss) carried forward +€928,414
up €928,414 (+9.9%), from €9.4m to €10.3m
- Debts after one year -€615,161
no longer reported in 2025 (was €615,161)
- Other debts -€440,200
down €440,200 (-40.7%), from €1.1m to €642,360
- Financial income -€1.3m
down €1.3m (-55.3%), from €2.3m to €1.0m
of which Financial income: -€1.3m
- Gross operating margin -€98,302
down €98,302 (-5824.6%), from -€1,688 to -€99,990
- Financial charges -€14,979
down €14,979 (-46.0%), from €32,570 to €17,591
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 | €13,866,164 | €13,780,675 | -€85,489 | -0.6% |
| Fixed assets | 21/28 | €13,408,886 | €13,586,359 | +€177,473 | +1.3% |
| Financial fixed assets | 28 | €13,408,886 | €13,586,359 | +€177,473 | +1.3% |
| Current assets | 29/58 | €457,278 | €194,316 | -€262,962 | -57.5% |
| Amounts receivable after more than one year | 29 | €171,360 | €171,360 | = | 0.0% |
| Other amounts receivable | 291 | €171,360 | €171,360 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,213 | €6,601 | +€5,388 | +444.4% |
| Other amounts receivable | 41 | €1,213 | €6,601 | +€5,388 | +444.4% |
| Cash at bank and in hand | 54/58 | €284,706 | €16,355 | -€268,351 | -94.3% |
| Total equity and liabilities | 10/49 | €13,866,164 | €13,780,675 | -€85,489 | -0.6% |
| Equity | 10/15 | €11,556,719 | €12,485,133 | +€928,414 | +8.0% |
| Contributions | 10/11 | €2,187,913 | €2,187,913 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,368,806 | €10,297,220 | +€928,414 | +9.9% |
| Amounts payable | 17/49 | €2,309,446 | €1,295,543 | -€1.0m | -43.9% |
| Amounts payable after more than one year | 17 | €615,161 | - | -€615,161 | |
| Financial debts | 170/4 | €615,161 | - | -€615,161 | |
| Amounts payable within one year | 42/48 | €1,694,284 | €1,295,543 | -€398,742 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €610,037 | €615,161 | +€5,124 | +0.8% |
| Trade debts | 44 | €1,688 | €38,021 | +€36,334 | +2152.9% |
| Suppliers | 440/4 | €1,688 | €38,021 | +€36,334 | +2152.9% |
| Other amounts payable | 47/48 | €1,082,560 | €642,360 | -€440,200 | -40.7% |
| Non-recurring operating income | 76A | - | €21,759 | +€21,759 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€1,688 | -€99,990 | -€98,302 | -5824.6% |
| Operating profit (loss) | 9901 | -€2,655 | -€100,988 | -€98,333 | -3703.4% |
| Financial income | 75/76B | €2,343,492 | €1,046,993 | -€1.3m | -55.3% |
| Recurring financial income | 75 | €2,322,857 | €1,046,993 | -€1.3m | -54.9% |
| Non-recurring financial income | 76B | €20,635 | - | -€20,635 | |
| Financial charges | 65/66B | €32,570 | €17,591 | -€14,979 | -46.0% |
| Recurring financial charges | 65 | €32,570 | €17,591 | -€14,979 | -46.0% |
| Profit (loss) for the period before taxes | 9903 | €2,308,267 | €928,414 | -€1.4m | -59.8% |
| Profit (loss) for the period | 9904 | €2,308,267 | €928,414 | -€1.4m | -59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,308,267 | €928,414 | -€1.4m | -59.8% |
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 1 October 2026 via checked.be.