NEDALU: 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.
NEDALU
Largest movements
- Receivables within one year -€97,228
down €97,228 (-71.3%), from €136,336 to €39,108
of which Trade receivables: -€50,937
- Cash +€66,820
up €66,820 (+1,206%), from €5,540 to €72,361
mainly Receivables within one year (+€97,228) and Net result for the year (+€31,117)
- Tangible fixed assets +€15,074
up €15,074 (+24.7%), from €60,940 to €76,014
of which Land and buildings: +€19,087
- Stocks and contracts -€11,616
down €11,616 (-30.9%), from €37,591 to €25,976
- Trade debts -€78,213
down €78,213 (-94.9%), from €82,393 to €4,180
- Profit (loss) carried forward +€31,117
up €31,117 (+53.5%), from €58,164 to €89,281
- Other debts +€25,570
new in 2025: €25,570
- Current portion of long-term debt -€8,058
down €8,058 (-10.8%), from €74,851 to €66,793
- Tax, wage and social debts +€2,634
new in 2025: €2,634
- Gross operating margin -€34,080
down €34,080 (-32.9%), from €103,587 to €69,507
- Financial charges -€22,801
down €22,801 (-87.8%), from €25,957 to €3,156
- Purchases and services -€16,751
down €16,751 (-3.9%), from €425,195 to €408,443
- Taxes +€12,592
up €12,592 (+353%), from €3,562 to €16,154
- Depreciation +€4,822
up €4,822 (+45.0%), from €10,723 to €15,545
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 | €240,408 | €213,458 | -€26,950 | -11.2% |
| Fixed assets | 21/28 | €60,940 | €76,014 | +€15,074 | +24.7% |
| Tangible fixed assets | 22/27 | €60,940 | €76,014 | +€15,074 | +24.7% |
| Land and buildings | 22 | €22,795 | €41,882 | +€19,087 | +83.7% |
| Plant, machinery and equipment | 23 | €16,343 | €18,398 | +€2,055 | +12.6% |
| Furniture and vehicles | 24 | €21,802 | €15,734 | -€6,068 | -27.8% |
| Current assets | 29/58 | €179,468 | €137,445 | -€42,023 | -23.4% |
| Stocks and contracts in progress | 3 | €37,591 | €25,976 | -€11,616 | -30.9% |
| Stocks | 30/36 | €37,591 | €25,976 | -€11,616 | -30.9% |
| Amounts receivable within one year | 40/41 | €136,336 | €39,108 | -€97,228 | -71.3% |
| Trade receivables | 40 | €81,771 | €30,835 | -€50,937 | -62.3% |
| Other amounts receivable | 41 | €54,565 | €8,273 | -€46,291 | -84.8% |
| Cash at bank and in hand | 54/58 | €5,540 | €72,361 | +€66,820 | +1,206% |
| Total equity and liabilities | 10/49 | €240,408 | €213,458 | -€26,950 | -11.2% |
| Equity | 10/15 | €83,164 | €114,281 | +€31,117 | +37.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,164 | €89,281 | +€31,117 | +53.5% |
| Amounts payable | 17/49 | €157,244 | €99,177 | -€58,067 | -36.9% |
| Amounts payable within one year | 42/48 | €157,244 | €99,177 | -€58,067 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €74,851 | €66,793 | -€8,058 | -10.8% |
| Trade debts | 44 | €82,393 | €4,180 | -€78,213 | -94.9% |
| Suppliers | 440/4 | €82,393 | €4,180 | -€78,213 | -94.9% |
| Taxes, remuneration and social security | 45 | - | €2,634 | +€2,634 | |
| Remuneration and social security | 454/9 | - | €2,634 | +€2,634 | |
| Other amounts payable | 47/48 | - | €25,570 | +€25,570 | |
| Turnover | 70 | €476,838 | €475,973 | -€865 | -0.2% |
| Non-recurring operating income | 76A | €51,944 | €1,978 | -€49,966 | -96.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €425,195 | €408,443 | -€16,751 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,723 | €15,545 | +€4,822 | +45.0% |
| Other operating charges | 640/8 | €4,681 | €5,102 | +€422 | +9.0% |
| Non-recurring operating charges | 66A | €32,075 | €41 | -€32,034 | -99.9% |
| Gross operating margin | 9900 | €103,587 | €69,507 | -€34,080 | -32.9% |
| Operating profit (loss) | 9901 | €56,108 | €48,819 | -€7,290 | -13.0% |
| Financial income | 75/76B | €1,866 | €1,609 | -€258 | -13.8% |
| Recurring financial income | 75 | €160 | €0 | -€159 | -100.0% |
| Non-recurring financial income | 76B | €1,707 | €1,609 | -€98 | -5.8% |
| Financial charges | 65/66B | €25,957 | €3,156 | -€22,801 | -87.8% |
| Recurring financial charges | 65 | €25,957 | €3,156 | -€22,801 | -87.8% |
| Profit (loss) for the period before taxes | 9903 | €32,018 | €47,271 | +€15,253 | +47.6% |
| Income taxes | 67/77 | €3,562 | €16,154 | +€12,592 | +353% |
| Profit (loss) for the period | 9904 | €28,455 | €31,117 | +€2,662 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,455 | €31,117 | +€2,662 | +9.4% |
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 24 October 2026 via checked.be.