NEDENTIS: 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.
NEDENTIS
Largest movements
- Cash -€253,549
down €253,549 (-59.5%), from €426,484 to €172,935
mainly Current investments (-€204,182) and Investment in fixed assets (net) (-€178,148)
- Current investments +€204,182
up €204,182 (+220%), from €92,890 to €297,072
- Tangible fixed assets +€146,701
up €146,701 (+265%), from €55,325 to €202,025
of which Furniture and vehicles: +€123,386
- Receivables within one year -€49,205
down €49,205 (-17.9%), from €275,510 to €226,305
of which Other amounts receivable: -€33,249
- Reserves +€85,100
up €85,100 (+92.6%), from €91,860 to €176,960
- Provisions -€54,209
down €54,209 (-100%), from €54,209 to €0
- Financial charges -€78,162
down €78,162 (-99.6%), from €78,473 to €311
- Provisions +€58,865
up €58,865, from -€7,203 to €51,662
- Gross operating margin +€34,980
up €34,980 (+20.0%), from €175,037 to €210,017
- Depreciation +€19,516
up €19,516 (+164%), from €11,931 to €31,447
- Financial income +€17,785
up €17,785 (+338%), from €5,265 to €23,050
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 | €850,209 | €899,249 | +€49,039 | +5.8% |
| Fixed assets | 21/28 | €55,325 | €202,025 | +€146,701 | +265% |
| Tangible fixed assets | 22/27 | €55,325 | €202,025 | +€146,701 | +265% |
| Plant, machinery and equipment | 23 | €53,567 | €76,882 | +€23,315 | +43.5% |
| Furniture and vehicles | 24 | €1,758 | €125,143 | +€123,386 | +7,020% |
| Current assets | 29/58 | €794,885 | €697,224 | -€97,661 | -12.3% |
| Amounts receivable within one year | 40/41 | €275,510 | €226,305 | -€49,205 | -17.9% |
| Trade receivables | 40 | €242,261 | €226,305 | -€15,956 | -6.6% |
| Other amounts receivable | 41 | €33,249 | €0 | -€33,249 | -100% |
| Current investments | 50/53 | €92,890 | €297,072 | +€204,182 | +220% |
| Cash at bank and in hand | 54/58 | €426,484 | €172,935 | -€253,549 | -59.5% |
| Deferred charges and accrued income | 490/1 | - | €912 | +€912 | |
| Total equity and liabilities | 10/49 | €850,209 | €899,249 | +€49,039 | +5.8% |
| Equity | 10/15 | €773,090 | €858,212 | +€85,121 | +11.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €91,860 | €176,960 | +€85,100 | +92.6% |
| Distributable reserves | 133 | €91,860 | €176,960 | +€85,100 | +92.6% |
| Profit (loss) carried forward | 14 | €668,830 | €668,852 | +€21 | 0.0% |
| Provisions and deferred taxes | 16 | €54,209 | €0 | -€54,209 | -100% |
| Provisions for liabilities and charges | 160/5 | €54,209 | €0 | -€54,209 | -100% |
| Environmental obligations | 163 | €54,209 | €0 | -€54,209 | -100% |
| Amounts payable | 17/49 | €22,910 | €41,037 | +€18,127 | +79.1% |
| Amounts payable within one year | 42/48 | €22,910 | €41,037 | +€18,127 | +79.1% |
| Trade debts | 44 | €4,913 | €13,564 | +€8,651 | +176% |
| Suppliers | 440/4 | €4,913 | €13,564 | +€8,651 | +176% |
| Taxes, remuneration and social security | 45 | €10,759 | €17,591 | +€6,832 | +63.5% |
| Taxes | 450/3 | €10,759 | €12,709 | +€1,950 | +18.1% |
| Remuneration and social security | 454/9 | - | €4,882 | +€4,882 | |
| Other amounts payable | 47/48 | €7,238 | €9,882 | +€2,644 | +36.5% |
| Non-recurring operating income | 76A | - | €14,000 | +€14,000 | |
| Remuneration, social security and pensions | 62 | €34,638 | €31,817 | -€2,822 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,931 | €31,447 | +€19,516 | +164% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€7,203 | €51,662 | +€58,865 | |
| Gross operating margin | 9900 | €175,037 | €210,017 | +€34,980 | +20.0% |
| Operating profit (loss) | 9901 | €135,671 | €95,091 | -€40,580 | -29.9% |
| Financial income | 75/76B | €5,265 | €23,050 | +€17,785 | +338% |
| Recurring financial income | 75 | €5,265 | €23,050 | +€17,785 | +338% |
| Financial charges | 65/66B | €78,473 | €311 | -€78,162 | -99.6% |
| Recurring financial charges | 65 | €78,473 | €311 | -€78,162 | -99.6% |
| Profit (loss) for the period before taxes | 9903 | €62,462 | €117,830 | +€55,368 | +88.6% |
| Income taxes | 67/77 | €19,056 | €32,709 | +€13,652 | +71.6% |
| Profit (loss) for the period | 9904 | €43,406 | €85,121 | +€41,716 | +96.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,406 | €85,121 | +€41,716 | +96.1% |
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 13 October 2026 via checked.be.