NDW CONSULTING: 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.
NDW CONSULTING
Largest movements
- Cash +€109,926
up €109,926 (+1,614%), from €6,811 to €116,738
mainly Other debts (+€89,335) and Net result for the year (+€88,119)
- Receivables within one year -€16,181
down €16,181 (-70.2%), from €23,052 to €6,871
of which Trade receivables: -€19,120
- Deferred charges and accrued income -€5,600
down €5,600 (-55.5%), from €10,090 to €4,490
- Tangible fixed assets -€1,732
down €1,732 (-13.6%), from €12,778 to €11,046
of which Plant, machinery and equipment: -€2,216
- Other debts +€89,335
up €89,335 (+322%), from €27,706 to €117,041
- Trade debts -€7,532
down €7,532 (-95.4%), from €7,895 to €363
- Tax, wage and social debts +€4,600
up €4,600 (+81.1%), from €5,670 to €10,270
of which Remuneration and social security: +€6,740
- Gross operating margin +€72,078
up €72,078 (+145%), from €49,671 to €121,749
- Taxes +€17,354
up €17,354 (+126%), from €13,739 to €31,093
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.
Derived cash bridge
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 | €52,731 | €139,145 | +€86,414 | +164% |
| Fixed assets | 21/28 | €12,778 | €11,046 | -€1,732 | -13.6% |
| Tangible fixed assets | 22/27 | €12,778 | €11,046 | -€1,732 | -13.6% |
| Plant, machinery and equipment | 23 | €12,778 | €10,562 | -€2,216 | -17.3% |
| Furniture and vehicles | 24 | - | €484 | +€484 | |
| Current assets | 29/58 | €39,953 | €128,098 | +€88,146 | +221% |
| Amounts receivable within one year | 40/41 | €23,052 | €6,871 | -€16,181 | -70.2% |
| Trade receivables | 40 | €21,530 | €2,410 | -€19,120 | -88.8% |
| Other amounts receivable | 41 | €1,522 | €4,461 | +€2,939 | +193% |
| Cash at bank and in hand | 54/58 | €6,811 | €116,738 | +€109,926 | +1,614% |
| Deferred charges and accrued income | 490/1 | €10,090 | €4,490 | -€5,600 | -55.5% |
| Total equity and liabilities | 10/49 | €52,731 | €139,145 | +€86,414 | +164% |
| Equity | 10/15 | €11,160 | €11,160 | = | 0.0% |
| Contributions | 10/11 | €11,160 | €11,160 | = | 0.0% |
| Amounts payable | 17/49 | €41,571 | €127,985 | +€86,414 | +208% |
| Amounts payable within one year | 42/48 | €41,271 | €127,675 | +€86,404 | +209% |
| Trade debts | 44 | €7,895 | €363 | -€7,532 | -95.4% |
| Suppliers | 440/4 | €7,895 | €363 | -€7,532 | -95.4% |
| Taxes, remuneration and social security | 45 | €5,670 | €10,270 | +€4,600 | +81.1% |
| Taxes | 450/3 | €2,420 | €280 | -€2,140 | -88.4% |
| Remuneration and social security | 454/9 | €3,250 | €9,990 | +€6,740 | +207% |
| Other amounts payable | 47/48 | €27,706 | €117,041 | +€89,335 | +322% |
| Accrued charges and deferred income | 492/3 | €300 | €310 | +€10 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,166 | €2,269 | +€103 | +4.8% |
| Other operating charges | 640/8 | €272 | €276 | +€4 | +1.4% |
| Gross operating margin | 9900 | €49,671 | €121,749 | +€72,078 | +145% |
| Operating profit (loss) | 9901 | €47,233 | €119,204 | +€71,971 | +152% |
| Financial income | 75/76B | €213 | €43 | -€171 | -80.0% |
| Recurring financial income | 75 | €213 | €43 | -€171 | -80.0% |
| Financial charges | 65/66B | €44 | €35 | -€9 | -19.6% |
| Recurring financial charges | 65 | €44 | €35 | -€9 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €47,403 | €119,212 | +€71,809 | +151% |
| Income taxes | 67/77 | €13,739 | €31,093 | +€17,354 | +126% |
| Profit (loss) for the period | 9904 | €33,664 | €88,119 | +€54,455 | +162% |
| Profit (loss) for the period to be appropriated | 9905 | €33,664 | €88,119 | +€54,455 | +162% |
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 20 October 2026 via checked.be.