NEDE: 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.
NEDE
Largest movements
- Receivables within one year -€12,100
down €12,100 (-50.0%), from €24,200 to €12,100
of which Trade receivables: -€12,100
- Cash +€10,655
up €10,655 (+85.9%), from €12,406 to €23,060
mainly Receivables within one year (+€12,100) and Net result for the year (+€5,529)
- Tangible fixed assets -€962
down €962 (-48.0%), from €2,006 to €1,043
- Other debts +€3,754
up €3,754 (+16.7%), from €22,500 to €26,254
- Tax, wage and social debts -€2,803
down €2,803 (-34.7%), from €8,076 to €5,274
- Trade debts -€1,804
down €1,804 (-100.0%), from €1,804 to €0
- Accrued charges and deferred income -€1,555
down €1,555 (-45.3%), from €3,429 to €1,874
- Gross operating margin +€5,484
up €5,484 (+90.2%), from €6,080 to €11,564
- Taxes +€1,533
up €1,533 (+156.6%), from €979 to €2,511
- Financial charges +€245
up €245 (+14.3%), from €1,719 to €1,964
- Other operating charges -€233
down €233 (-28.0%), from €831 to €598
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 | €68,199 | €65,792 | -€2,408 | -3.5% |
| Fixed assets | 21/28 | €27,006 | €26,043 | -€962 | -3.6% |
| Tangible fixed assets | 22/27 | €2,006 | €1,043 | -€962 | -48.0% |
| Furniture and vehicles | 24 | €2,006 | €1,043 | -€962 | -48.0% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €41,194 | €39,748 | -€1,445 | -3.5% |
| Amounts receivable within one year | 40/41 | €24,200 | €12,100 | -€12,100 | -50.0% |
| Trade receivables | 40 | €24,200 | €12,100 | -€12,100 | -50.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €12,406 | €23,060 | +€10,655 | +85.9% |
| Deferred charges and accrued income | 490/1 | €4,588 | €4,588 | = | 0.0% |
| Total equity and liabilities | 10/49 | €68,199 | €65,792 | -€2,408 | -3.5% |
| Equity | 10/15 | €32,390 | €32,390 | = | 0.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €7,390 | €7,390 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €7,390 | €7,390 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €35,809 | €33,402 | -€2,408 | -6.7% |
| Amounts payable within one year | 42/48 | €32,380 | €31,528 | -€853 | -2.6% |
| Trade debts | 44 | €1,804 | €0 | -€1,804 | -100.0% |
| Suppliers | 440/4 | €1,804 | €0 | -€1,804 | -100.0% |
| Taxes, remuneration and social security | 45 | €8,076 | €5,274 | -€2,803 | -34.7% |
| Taxes | 450/3 | €8,076 | €5,274 | -€2,803 | -34.7% |
| Other amounts payable | 47/48 | €22,500 | €26,254 | +€3,754 | +16.7% |
| Accrued charges and deferred income | 492/3 | €3,429 | €1,874 | -€1,555 | -45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,028 | €962 | -€66 | -6.4% |
| Other operating charges | 640/8 | €831 | €598 | -€233 | -28.0% |
| Gross operating margin | 9900 | €6,080 | €11,564 | +€5,484 | +90.2% |
| Operating profit (loss) | 9901 | €4,220 | €10,003 | +€5,783 | +137.0% |
| Financial income | 75/76B | €5 | €0 | -€5 | -92.3% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -92.3% |
| Financial charges | 65/66B | €1,719 | €1,964 | +€245 | +14.3% |
| Recurring financial charges | 65 | €1,719 | €1,964 | +€245 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €2,507 | €8,040 | +€5,533 | +220.7% |
| Income taxes | 67/77 | €979 | €2,511 | +€1,533 | +156.6% |
| Profit (loss) for the period | 9904 | €1,528 | €5,529 | +€4,001 | +261.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,528 | €5,529 | +€4,001 | +261.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.