NEDAL: 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.
NEDAL
Largest movements
- Current investments -€628,815
down €628,815 (-100.0%), from €628,815 to €0
- Receivables within one year +€72,387
up €72,387 (+12.5%), from €577,459 to €649,846
of which Trade receivables: +€73,501
- Cash -€24,735
down €24,735 (-19.0%), from €130,403 to €105,667
mainly Contributions, distributions and other (-€1.7m) and Receivables within one year (-€72,387)
- Reserves -€1.2m
down €1.2m (-96.7%), from €1.2m to €40,517
- Other debts +€584,000
up €584,000 (+4184.7%), from €13,956 to €597,956
- Trade debts +€15,039
up €15,039 (+32.5%), from €46,326 to €61,365
- Financial charges +€71,305
up €71,305 (+301.0%), from €23,686 to €94,991
- Taxes -€16,251
down €16,251 (-9.2%), from €176,157 to €159,906
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 | €1,337,629 | €755,513 | -€582,116 | -43.5% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €1,337,629 | €755,513 | -€582,116 | -43.5% |
| Amounts receivable within one year | 40/41 | €577,459 | €649,846 | +€72,387 | +12.5% |
| Trade receivables | 40 | €574,270 | €647,771 | +€73,501 | +12.8% |
| Other amounts receivable | 41 | €3,189 | €2,075 | -€1,114 | -34.9% |
| Current investments | 50/53 | €628,815 | €0 | -€628,815 | -100.0% |
| Cash at bank and in hand | 54/58 | €130,403 | €105,667 | -€24,735 | -19.0% |
| Deferred charges and accrued income | 490/1 | €952 | €0 | -€952 | -100.0% |
| Total equity and liabilities | 10/49 | €1,337,629 | €755,513 | -€582,116 | -43.5% |
| Equity | 10/15 | €1,245,799 | €45,517 | -€1.2m | -96.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,240,799 | €40,517 | -€1.2m | -96.7% |
| Distributable reserves | 133 | €1,240,799 | €40,517 | -€1.2m | -96.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €91,830 | €709,996 | +€618,166 | +673.2% |
| Amounts payable within one year | 42/48 | €84,795 | €692,521 | +€607,726 | +716.7% |
| Trade debts | 44 | €46,326 | €61,365 | +€15,039 | +32.5% |
| Suppliers | 440/4 | €46,326 | €61,365 | +€15,039 | +32.5% |
| Taxes, remuneration and social security | 45 | €24,513 | €33,200 | +€8,687 | +35.4% |
| Taxes | 450/3 | €24,513 | €33,200 | +€8,687 | +35.4% |
| Other amounts payable | 47/48 | €13,956 | €597,956 | +€584,000 | +4184.7% |
| Accrued charges and deferred income | 492/3 | €7,035 | €17,476 | +€10,441 | +148.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €318 | €0 | -€318 | -100.0% |
| Other operating charges | 640/8 | €1,094 | €723 | -€371 | -33.9% |
| Gross operating margin | 9900 | €742,539 | €744,946 | +€2,408 | +0.3% |
| Operating profit (loss) | 9901 | €741,127 | €744,224 | +€3,096 | +0.4% |
| Financial income | 75/76B | €7,186 | €10,391 | +€3,205 | +44.6% |
| Recurring financial income | 75 | €7,186 | €10,391 | +€3,205 | +44.6% |
| Financial charges | 65/66B | €23,686 | €94,991 | +€71,305 | +301.0% |
| Recurring financial charges | 65 | €23,686 | €94,991 | +€71,305 | +301.0% |
| Profit (loss) for the period before taxes | 9903 | €724,627 | €659,624 | -€65,003 | -9.0% |
| Income taxes | 67/77 | €176,157 | €159,906 | -€16,251 | -9.2% |
| Profit (loss) for the period | 9904 | €548,471 | €499,718 | -€48,753 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €548,471 | €499,718 | -€48,753 | -8.9% |
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 10 October 2026 via checked.be.