NED FIN BVBA: 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.
NED FIN BVBA
Largest movements
- Cash +€146,423
up €146,423 (+232%), from €63,073 to €209,496
mainly Net result for the year (+€123,431) and Other debts (+€73,465)
- Tangible fixed assets +€29,720
up €29,720 (+222%), from €13,401 to €43,122
of which Furniture and vehicles: +€31,282
- Reserves +€123,431
up €123,431 (+27.5%), from €449,053 to €572,483
- Other debts +€73,465
up €73,465 (+24.5%), from €300,397 to €373,862
- Gross operating margin +€68,371
up €68,371 (+55.9%), from €122,272 to €190,643
- Financial income -€39,855
down €39,855 (-69.2%), from €57,595 to €17,740
- Financial charges +€9,693
up €9,693 (+159%), from €6,079 to €15,772
- Taxes +€4,098
up €4,098 (+7.1%), from €58,031 to €62,128
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 | €782,097 | €968,161 | +€186,064 | +23.8% |
| Fixed assets | 21/28 | €31,401 | €61,122 | +€29,720 | +94.6% |
| Tangible fixed assets | 22/27 | €13,401 | €43,122 | +€29,720 | +222% |
| Land and buildings | 22 | €10,000 | €9,000 | -€1,000 | -10.0% |
| Plant, machinery and equipment | 23 | €1,051 | €490 | -€562 | -53.4% |
| Furniture and vehicles | 24 | €2,350 | €33,632 | +€31,282 | +1,331% |
| Financial fixed assets | 28 | €18,000 | €18,000 | = | 0.0% |
| Current assets | 29/58 | €750,696 | €907,040 | +€156,344 | +20.8% |
| Amounts receivable after more than one year | 29 | €655,606 | €662,418 | +€6,812 | +1.0% |
| Other amounts receivable | 291 | €655,606 | €662,418 | +€6,812 | +1.0% |
| Amounts receivable within one year | 40/41 | €32,016 | €35,125 | +€3,109 | +9.7% |
| Trade receivables | 40 | €28,146 | €32,442 | +€4,296 | +15.3% |
| Other amounts receivable | 41 | €3,870 | €2,683 | -€1,187 | -30.7% |
| Cash at bank and in hand | 54/58 | €63,073 | €209,496 | +€146,423 | +232% |
| Total equity and liabilities | 10/49 | €782,097 | €968,161 | +€186,064 | +23.8% |
| Equity | 10/15 | €455,253 | €578,683 | +€123,431 | +27.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €449,053 | €572,483 | +€123,431 | +27.5% |
| Distributable reserves | 133 | €449,053 | €572,483 | +€123,431 | +27.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €326,844 | €389,478 | +€62,634 | +19.2% |
| Amounts payable within one year | 42/48 | €326,844 | €389,478 | +€62,634 | +19.2% |
| Trade debts | 44 | €10,082 | €1,366 | -€8,716 | -86.5% |
| Suppliers | 440/4 | €10,082 | €1,366 | -€8,716 | -86.5% |
| Taxes, remuneration and social security | 45 | €16,365 | €14,250 | -€2,115 | -12.9% |
| Taxes | 450/3 | €16,365 | €14,250 | -€2,115 | -12.9% |
| Other amounts payable | 47/48 | €300,397 | €373,862 | +€73,465 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,355 | €3,341 | +€986 | +41.9% |
| Other operating charges | 640/8 | €3,677 | €3,711 | +€34 | +0.9% |
| Gross operating margin | 9900 | €122,272 | €190,643 | +€68,371 | +55.9% |
| Operating profit (loss) | 9901 | €116,240 | €183,591 | +€67,351 | +57.9% |
| Financial income | 75/76B | €57,595 | €17,740 | -€39,855 | -69.2% |
| Recurring financial income | 75 | €57,595 | €17,740 | -€39,855 | -69.2% |
| Financial charges | 65/66B | €6,079 | €15,772 | +€9,693 | +159% |
| Recurring financial charges | 65 | €6,079 | €15,772 | +€9,693 | +159% |
| Profit (loss) for the period before taxes | 9903 | €167,755 | €185,559 | +€17,804 | +10.6% |
| Income taxes | 67/77 | €58,031 | €62,128 | +€4,098 | +7.1% |
| Profit (loss) for the period | 9904 | €109,725 | €123,431 | +€13,706 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €109,725 | €123,431 | +€13,706 | +12.5% |
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 29 October 2026 via checked.be.