NDx production: 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.
NDx production
Largest movements
- Tangible fixed assets -€5,092
down €5,092 (-38.5%), from €13,232 to €8,140
of which Plant, machinery and equipment: -€4,170
- Intangible fixed assets -€2,959
down €2,959 (-49.0%), from €6,036 to €3,077
- Cash -€1,774
down €1,774 (-88.0%), from €2,015 to €242
mainly Net result for the year (-€12,702) and Trade debts (-€3,399)
- Profit (loss) carried forward -€12,702
down €12,702 (-19.7%), from -€64,613 to -€77,315
- Other debts +€6,220
up €6,220 (+7.8%), from €79,490 to €85,710
- Trade debts -€3,399
down €3,399 (-98.7%), from €3,445 to €46
- Gross operating margin +€12,561
up €12,561 (+75.4%), from -€16,663 to -€4,102
- Depreciation +€588
up €588 (+7.9%), from €7,462 to €8,051
- Other operating charges +€400
new in 2025: €400
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 | €21,338 | €11,480 | -€9,859 | -46.2% |
| Fixed assets | 21/28 | €19,268 | €11,217 | -€8,051 | -41.8% |
| Intangible fixed assets | 21 | €6,036 | €3,077 | -€2,959 | -49.0% |
| Tangible fixed assets | 22/27 | €13,232 | €8,140 | -€5,092 | -38.5% |
| Plant, machinery and equipment | 23 | €11,633 | €7,463 | -€4,170 | -35.8% |
| Furniture and vehicles | 24 | €1,599 | €677 | -€922 | -57.7% |
| Current assets | 29/58 | €2,071 | €263 | -€1,808 | -87.3% |
| Cash at bank and in hand | 54/58 | €2,015 | €242 | -€1,774 | -88.0% |
| Deferred charges and accrued income | 490/1 | €55 | €21 | -€34 | -62.6% |
| Total equity and liabilities | 10/49 | €21,338 | €11,480 | -€9,859 | -46.2% |
| Equity | 10/15 | -€61,613 | -€74,315 | -€12,702 | -20.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,613 | -€77,315 | -€12,702 | -19.7% |
| Amounts payable | 17/49 | €82,951 | €85,795 | +€2,843 | +3.4% |
| Amounts payable within one year | 42/48 | €82,951 | €85,795 | +€2,843 | +3.4% |
| Trade debts | 44 | €3,445 | €46 | -€3,399 | -98.7% |
| Suppliers | 440/4 | €3,445 | €46 | -€3,399 | -98.7% |
| Taxes, remuneration and social security | 45 | €17 | €39 | +€22 | +131% |
| Taxes | 450/3 | €17 | €39 | +€22 | +131% |
| Other amounts payable | 47/48 | €79,490 | €85,710 | +€6,220 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,462 | €8,051 | +€588 | +7.9% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€16,663 | -€4,102 | +€12,561 | +75.4% |
| Operating profit (loss) | 9901 | -€24,125 | -€12,552 | +€11,573 | +48.0% |
| Financial charges | 65/66B | €143 | €150 | +€7 | +4.8% |
| Recurring financial charges | 65 | €143 | €150 | +€7 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | -€24,268 | -€12,702 | +€11,566 | +47.7% |
| Profit (loss) for the period | 9904 | -€24,268 | -€12,702 | +€11,566 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,268 | -€12,702 | +€11,566 | +47.7% |
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 14 October 2026 via checked.be.