NDV Services: 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.
NDV Services
Largest movements
- Cash -€18,108
down €18,108 (-94.5%), from €19,170 to €1,062
mainly Receivables after one year (-€13,196) and Net result for the year (-€8,247)
- Receivables after one year +€13,196
up €13,196 (+55.6%), from €23,719 to €36,915
of which Other amounts receivable: +€36,915
- Receivables within one year -€5,738
no longer reported in 2025 (was €5,738)
- Deferred charges and accrued income -€1,283
no longer reported in 2025 (was €1,283)
- Profit (loss) carried forward -€34,852
no longer reported in 2025 (was €34,852)
- Reserves +€26,605
new in 2025: €26,605
- Tax, wage and social debts -€2,120
down €2,120 (-37.6%), from €5,633 to €3,513
- Trade debts -€1,824
no longer reported in 2025 (was €1,824)
- Gross operating margin -€58,702
down €58,702, from €53,064 to -€5,638
- Taxes -€12,782
down €12,782 (-97.6%), from €13,093 to €311
- Other operating charges -€2,006
down €2,006 (-84.4%), from €2,376 to €370
- Financial charges -€1,372
down €1,372 (-45.8%), from €2,996 to €1,624
- Financial income -€719
no longer reported in 2025 (was €719)
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 | €50,355 | €38,118 | -€12,237 | -24.3% |
| Fixed assets | 21/28 | €446 | €142 | -€304 | -68.2% |
| Tangible fixed assets | 22/27 | €446 | €142 | -€304 | -68.2% |
| Plant, machinery and equipment | 23 | €446 | €142 | -€304 | -68.2% |
| Current assets | 29/58 | €49,909 | €37,976 | -€11,933 | -23.9% |
| Amounts receivable after more than one year | 29 | €23,719 | €36,915 | +€13,196 | +55.6% |
| Trade receivables | 290 | €23,719 | - | -€23,719 | |
| Other amounts receivable | 291 | - | €36,915 | +€36,915 | |
| Amounts receivable within one year | 40/41 | €5,738 | - | -€5,738 | |
| Trade receivables | 40 | €5,738 | - | -€5,738 | |
| Cash at bank and in hand | 54/58 | €19,170 | €1,062 | -€18,108 | -94.5% |
| Deferred charges and accrued income | 490/1 | €1,283 | - | -€1,283 | |
| Total equity and liabilities | 10/49 | €50,355 | €38,118 | -€12,237 | -24.3% |
| Equity | 10/15 | €42,852 | €34,605 | -€8,247 | -19.2% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | - | €26,605 | +€26,605 | |
| Distributable reserves | 133 | - | €26,605 | +€26,605 | |
| Profit (loss) carried forward | 14 | €34,852 | - | -€34,852 | |
| Amounts payable | 17/49 | €7,504 | €3,513 | -€3,991 | -53.2% |
| Amounts payable within one year | 42/48 | €7,504 | €3,513 | -€3,991 | -53.2% |
| Trade debts | 44 | €1,824 | - | -€1,824 | |
| Suppliers | 440/4 | €1,824 | - | -€1,824 | |
| Taxes, remuneration and social security | 45 | €5,633 | €3,513 | -€2,120 | -37.6% |
| Taxes | 450/3 | €5,633 | €3,513 | -€2,120 | -37.6% |
| Other amounts payable | 47/48 | €46 | - | -€46 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €466 | €304 | -€162 | -34.8% |
| Other operating charges | 640/8 | €2,376 | €370 | -€2,006 | -84.4% |
| Gross operating margin | 9900 | €53,064 | -€5,638 | -€58,702 | |
| Operating profit (loss) | 9901 | €50,222 | -€6,312 | -€56,534 | |
| Financial income | 75/76B | €719 | - | -€719 | |
| Recurring financial income | 75 | €719 | - | -€719 | |
| Financial charges | 65/66B | €2,996 | €1,624 | -€1,372 | -45.8% |
| Recurring financial charges | 65 | €2,996 | €1,624 | -€1,372 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | €47,945 | -€7,936 | -€55,881 | |
| Income taxes | 67/77 | €13,093 | €311 | -€12,782 | -97.6% |
| Profit (loss) for the period | 9904 | €34,852 | -€8,247 | -€43,098 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,852 | -€8,247 | -€43,098 |
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 3 October 2026 via checked.be.