NDW Technics: 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 Technics
Largest movements
- Receivables within one year -€74,477
down €74,477 (-16.8%), from €442,117 to €367,640
of which Trade receivables: -€40,697
- Cash -€56,090
down €56,090 (-91.2%), from €61,527 to €5,436
mainly Trade debts (-€428,271) and Tax, wage and social debts (-€29,505)
- Stocks and contracts -€54,398
down €54,398 (-47.9%), from €113,453 to €59,056
of which Contracts in progress: -€54,500
- Deferred charges and accrued income -€13,258
down €13,258 (-77.0%), from €17,216 to €3,958
- Trade debts -€428,271
down €428,271 (-53.0%), from €808,349 to €380,077
- Profit (loss) carried forward +€288,163
up €288,163 (+36.1%), from -€797,311 to -€509,147
- Tax, wage and social debts -€29,505
down €29,505 (-62.9%), from €46,909 to €17,404
of which Remuneration and social security: -€26,644
- Debts after one year -€20,965
down €20,965 (-53.6%), from €39,118 to €18,153
- Current portion of long-term debt -€10,343
down €10,343 (-33.0%), from €31,308 to €20,965
- Gross operating margin +€691,772
up €691,772, from -€87,249 to €604,523
- Staff costs -€287,183
down €287,183 (-53.7%), from €535,263 to €248,080
- Write-downs -€20,721
down €20,721 (-63.3%), from €32,714 to €11,992
- Other operating charges +€13,508
up €13,508 (+141%), from €9,609 to €23,117
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 | €650,383 | €446,477 | -€203,906 | -31.4% |
| Fixed assets | 21/28 | €16,070 | €10,387 | -€5,683 | -35.4% |
| Tangible fixed assets | 22/27 | €16,020 | €10,337 | -€5,683 | -35.5% |
| Plant, machinery and equipment | 23 | €12,042 | €8,427 | -€3,615 | -30.0% |
| Furniture and vehicles | 24 | €3,978 | €1,910 | -€2,068 | -52.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €634,313 | €436,090 | -€198,223 | -31.3% |
| Stocks and contracts in progress | 3 | €113,453 | €59,056 | -€54,398 | -47.9% |
| Stocks | 30/36 | €58,953 | €59,056 | +€102 | +0.2% |
| Contracts in progress | 37 | €54,500 | €0 | -€54,500 | -100% |
| Amounts receivable within one year | 40/41 | €442,117 | €367,640 | -€74,477 | -16.8% |
| Trade receivables | 40 | €391,443 | €350,746 | -€40,697 | -10.4% |
| Other amounts receivable | 41 | €50,674 | €16,894 | -€33,780 | -66.7% |
| Cash at bank and in hand | 54/58 | €61,527 | €5,436 | -€56,090 | -91.2% |
| Deferred charges and accrued income | 490/1 | €17,216 | €3,958 | -€13,258 | -77.0% |
| Total equity and liabilities | 10/49 | €650,383 | €446,477 | -€203,906 | -31.4% |
| Equity | 10/15 | -€578,711 | -€290,547 | +€288,163 | +49.8% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€797,311 | -€509,147 | +€288,163 | +36.1% |
| Amounts payable | 17/49 | €1,229,094 | €737,024 | -€492,070 | -40.0% |
| Amounts payable after more than one year | 17 | €39,118 | €18,153 | -€20,965 | -53.6% |
| Financial debts | 170/4 | €39,118 | €18,153 | -€20,965 | -53.6% |
| Amounts payable within one year | 42/48 | €1,189,045 | €717,914 | -€471,132 | -39.6% |
| Current portion of amounts payable after more than one year | 42 | €31,308 | €20,965 | -€10,343 | -33.0% |
| Financial debts | 43 | €210,000 | €210,000 | = | 0.0% |
| Credit institutions | 430/8 | €210,000 | €210,000 | = | 0.0% |
| Trade debts | 44 | €808,349 | €380,077 | -€428,271 | -53.0% |
| Suppliers | 440/4 | €808,349 | €380,077 | -€428,271 | -53.0% |
| Taxes, remuneration and social security | 45 | €46,909 | €17,404 | -€29,505 | -62.9% |
| Taxes | 450/3 | €4,182 | €1,321 | -€2,861 | -68.4% |
| Remuneration and social security | 454/9 | €42,727 | €16,083 | -€26,644 | -62.4% |
| Other amounts payable | 47/48 | €92,480 | €89,467 | -€3,012 | -3.3% |
| Accrued charges and deferred income | 492/3 | €930 | €957 | +€27 | +2.9% |
| Non-recurring operating income | 76A | - | €332,971 | +€332,971 | |
| Remuneration, social security and pensions | 62 | €535,263 | €248,080 | -€287,183 | -53.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,157 | €5,683 | -€474 | -7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €32,714 | €11,992 | -€20,721 | -63.3% |
| Other operating charges | 640/8 | €9,609 | €23,117 | +€13,508 | +141% |
| Gross operating margin | 9900 | -€87,249 | €604,523 | +€691,772 | |
| Operating profit (loss) | 9901 | -€670,992 | €315,651 | +€986,642 | |
| Financial income | 75/76B | €8 | €374 | +€365 | +4,401% |
| Recurring financial income | 75 | €8 | €374 | +€365 | +4,401% |
| Financial charges | 65/66B | €25,207 | €27,464 | +€2,258 | +9.0% |
| Recurring financial charges | 65 | €25,207 | €27,464 | +€2,258 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | -€696,190 | €288,560 | +€984,750 | |
| Income taxes | 67/77 | €400 | €397 | -€3 | -0.8% |
| Profit (loss) for the period | 9904 | -€696,590 | €288,163 | +€984,753 | |
| Profit (loss) for the period to be appropriated | 9905 | -€696,590 | €288,163 | +€984,753 |
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 25 October 2026 via checked.be.