Nedcon: what changed
Two fiscal 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.
What changed
Nedcon
NACE 25.110, Manufacture of metal structures and parts of structures
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€386,121
2024 · €559,087-€172,966
Equity
€5.3m
2024 · €4.9m+€391,651
Cash
€3.2m
2024 · €3.4m-€250,905
Balance sheet total
€6.4m
2024 · €6.8m-€409,408
Largest movements
Assets
- Cash -€250,905
down €250,905 (-7.3%), from €3.4m to €3.2m
mainly Other debts (-€528,000) and Trade debts (-€165,929)
- Receivables within one year -€175,429
down €175,429 (-19.6%), from €893,409 to €717,980
of which Trade receivables: -€139,868
Equity and liabilities
- Other debts -€528,000
down €528,000 (-99.5%), from €530,596 to €2,596
- Reserves +€391,651
up €391,651 (+8.1%), from €4.8m to €5.2m
of which Distributable reserves: +€391,651
- Trade debts -€165,929
down €165,929 (-25.5%), from €650,273 to €484,344
- Debts after one year -€93,689
down €93,689 (-100.0%), from €93,689 to €0
Income statement
- Turnover -€1.5m
down €1.5m (-22.1%), from €6.7m to €5.2m
- Goods and materials -€772,378
down €772,378 (-18.2%), from €4.2m to €3.5m
of which Purchases: -€698,716
- Services and other goods -€401,854
down €401,854 (-38.1%), from €1.1m to €652,382
- Taxes -€99,489
down €99,489 (-43.4%), from €228,978 to €129,489
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.
Result 2024
€559,087
Turnover
-€1.5m
Other operating income
+€5,575
Goods and materials
+€772,378
Services and other goods
+€401,854
Staff costs
-€46,016
Depreciation
+€21,891
Other operating charges
+€16,684
Other operating items
+€60
Financial income
+€26,855
Financial charges
+€1,487
Taxes
+€99,489
Result 2025
€386,121
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.
From operations
-€74,845
Investment
-€67,948
Financing
-€108,112
Cash 2024
€3.4m
From operations (derived)
-€74,845
Net result for the year
+€386,121
Depreciation
+€72,581
Receivables within one year
+€175,429
Deferred charges and accrued income
-€21,559
Trade debts
-€165,929
Tax, wage and social debts
-€7,039
Other debts
-€528,000
Accrued charges and deferred income
+€13,551
Investment (derived)
-€67,948
Investment in fixed assets (net)
-€67,948
Financing
-€108,112
Debts after one year
-€93,689
Current portion of long-term debt
-€19,953
Contributions, distributions and other
+€5,530
Cash 2025
€3.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,779,302 | €6,369,894 | -€409,408 | -6.0% |
| Fixed assets | 21/28 | €1,163,354 | €1,158,721 | -€4,633 | -0.4% |
| Intangible fixed assets | 21 | €8,058 | €8,058 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,155,297 | €1,150,663 | -€4,633 | -0.4% |
| Land and buildings | 22 | €886,279 | €854,416 | -€31,863 | -3.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €269,017 | €296,247 | +€27,230 | +10.1% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Current assets | 29/58 | €5,615,948 | €5,211,173 | -€404,775 | -7.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €893,409 | €717,980 | -€175,429 | -19.6% |
| Trade receivables | 40 | €780,877 | €641,009 | -€139,868 | -17.9% |
| Other amounts receivable | 41 | €112,532 | €76,971 | -€35,561 | -31.6% |
| Current investments | 50/53 | €1,224,703 | €1,224,703 | = | 0.0% |
| Other investments | 51/53 | €1,224,703 | €1,224,703 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,437,656 | €3,186,751 | -€250,905 | -7.3% |
| Deferred charges and accrued income | 490/1 | €60,180 | €81,739 | +€21,559 | +35.8% |
| Total equity and liabilities | 10/49 | €6,779,302 | €6,369,894 | -€409,408 | -6.0% |
| Equity | 10/15 | €4,886,759 | €5,278,410 | +€391,651 | +8.0% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €4,823,759 | €5,215,410 | +€391,651 | +8.1% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €934,380 | €934,380 | = | 0.0% |
| Distributable reserves | 133 | €3,883,079 | €4,274,730 | +€391,651 | +10.1% |
| Amounts payable | 17/49 | €1,892,543 | €1,091,484 | -€801,059 | -42.3% |
| Amounts payable after more than one year | 17 | €93,689 | €0 | -€93,689 | -100.0% |
| Financial debts | 170/4 | €93,689 | €0 | -€93,689 | -100.0% |
| Credit institutions | 173 | €93,689 | €0 | -€93,689 | -100.0% |
| Amounts payable within one year | 42/48 | €1,540,997 | €820,076 | -€720,921 | -46.8% |
| Current portion of amounts payable after more than one year | 42 | €113,642 | €93,689 | -€19,953 | -17.6% |
| Trade debts | 44 | €650,273 | €484,344 | -€165,929 | -25.5% |
| Suppliers | 440/4 | €650,273 | €484,344 | -€165,929 | -25.5% |
| Taxes, remuneration and social security | 45 | €246,486 | €239,447 | -€7,039 | -2.9% |
| Taxes | 450/3 | €186,952 | €172,471 | -€14,481 | -7.7% |
| Remuneration and social security | 454/9 | €59,534 | €66,976 | +€7,442 | +12.5% |
| Other amounts payable | 47/48 | €530,596 | €2,596 | -€528,000 | -99.5% |
| Accrued charges and deferred income | 492/3 | €257,857 | €271,408 | +€13,551 | +5.3% |
| Operating income | 70/76A | €6,684,699 | €5,217,111 | -€1.5m | -22.0% |
| Turnover | 70 | €6,665,048 | €5,191,823 | -€1.5m | -22.1% |
| Other operating income | 74 | €19,652 | €25,227 | +€5,575 | +28.4% |
| Non-recurring operating income | 76A | - | €60 | +€60 | |
| Operating charges | 60/66A | €5,902,254 | €4,735,463 | -€1.2m | -19.8% |
| Goods for resale, raw materials and consumables | 60 | €4,249,671 | €3,477,293 | -€772,378 | -18.2% |
| Purchases | 600/8 | €4,191,807 | €3,493,092 | -€698,716 | -16.7% |
| Change in stocks: decrease (increase) | 609 | €57,864 | -€15,798 | -€73,663 | |
| Services and other goods | 61 | €1,054,237 | €652,382 | -€401,854 | -38.1% |
| Remuneration, social security and pensions | 62 | €468,037 | €514,053 | +€46,016 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,472 | €72,581 | -€21,891 | -23.2% |
| Other operating charges | 640/8 | €35,837 | €19,153 | -€16,684 | -46.6% |
| Operating profit (loss) | 9901 | €782,445 | €481,648 | -€300,797 | -38.4% |
| Financial income | 75/76B | €9,686 | €36,541 | +€26,855 | +277.3% |
| Recurring financial income | 75 | €9,686 | €36,541 | +€26,855 | +277.3% |
| Income from financial fixed assets | 750 | €0 | €36,364 | +€36,364 | |
| Other financial income | 752/9 | €9,686 | €177 | -€9,509 | -98.2% |
| Financial charges | 65/66B | €4,066 | €2,579 | -€1,487 | -36.6% |
| Recurring financial charges | 65 | €4,066 | €2,579 | -€1,487 | -36.6% |
| Debt charges | 650 | €4,066 | €2,567 | -€1,499 | -36.9% |
| Other financial charges | 652/9 | €0 | €12 | +€12 | |
| Profit (loss) for the period before taxes | 9903 | €788,065 | €515,610 | -€272,455 | -34.6% |
| Income taxes | 67/77 | €228,978 | €129,489 | -€99,489 | -43.4% |
| Taxes | 670/3 | €228,978 | €129,489 | -€99,489 | -43.4% |
| Profit (loss) for the period | 9904 | €559,087 | €386,121 | -€172,966 | -30.9% |
| Transfer to tax-exempt reserves | 689 | €117,880 | €117,880 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €441,207 | €268,241 | -€172,966 | -39.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.