NEDIM: 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.
NEDIM
Largest movements
- Receivables within one year +€740,927
up €740,927 (+17.2%), from €4.3m to €5.0m
of which Other amounts receivable: +€863,893
- Tangible fixed assets -€383,396
down €383,396 (-2.8%), from €13.9m to €13.5m
- Other debts +€1.2m
new in 2025: €1.2m
- Profit (loss) carried forward -€610,788
down €610,788 (-78.0%), from -€783,331 to -€1.4m
- Current portion of long-term debt +€360,000
new in 2025: €360,000
- Tax, wage and social debts -€304,446
down €304,446 (-99.7%), from €305,426 to €980
- Financial charges +€1.2m
up €1.2m (+235.1%), from €521,428 to €1.7m
- Taxes -€230,694
no longer reported in 2025 (was €230,694)
- Financial income -€122,933
down €122,933 (-100.0%), from €122,966 to €33
- Gross operating margin -€120,399
down €120,399 (-7.4%), from €1.6m to €1.5m
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 | €18,268,369 | €18,670,133 | +€401,764 | +2.2% |
| Fixed assets | 21/28 | €13,928,157 | €13,544,761 | -€383,396 | -2.8% |
| Tangible fixed assets | 22/27 | €13,928,157 | €13,544,761 | -€383,396 | -2.8% |
| Land and buildings | 22 | €13,928,157 | €13,544,761 | -€383,396 | -2.8% |
| Current assets | 29/58 | €4,340,212 | €5,125,372 | +€785,160 | +18.1% |
| Amounts receivable within one year | 40/41 | €4,297,190 | €5,038,117 | +€740,927 | +17.2% |
| Trade receivables | 40 | €122,966 | - | -€122,966 | |
| Other amounts receivable | 41 | €4,174,225 | €5,038,117 | +€863,893 | +20.7% |
| Cash at bank and in hand | 54/58 | €43,022 | €87,255 | +€44,233 | +102.8% |
| Total equity and liabilities | 10/49 | €18,268,369 | €18,670,133 | +€401,764 | +2.2% |
| Equity | 10/15 | €2,684,524 | €1,902,258 | -€782,266 | -29.1% |
| Contributions | 10/11 | €62,605 | €62,605 | = | 0.0% |
| Capital | 10 | €62,605 | €62,605 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €3,405,249 | €3,233,771 | -€171,478 | -5.0% |
| Tax-exempt reserves | 132 | €3,315,249 | €3,143,771 | -€171,478 | -5.2% |
| Distributable reserves | 133 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€783,331 | -€1,394,119 | -€610,788 | -78.0% |
| Provisions and deferred taxes | 16 | €1,707,095 | €1,618,797 | -€88,298 | -5.2% |
| Deferred taxes | 168 | €1,707,095 | €1,618,797 | -€88,298 | -5.2% |
| Amounts payable | 17/49 | €13,876,750 | €15,149,078 | +€1.3m | +9.2% |
| Amounts payable after more than one year | 17 | €13,550,000 | €13,550,000 | = | 0.0% |
| Financial debts | 170/4 | €13,550,000 | €13,550,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €326,750 | €1,599,078 | +€1.3m | +389.4% |
| Current portion of amounts payable after more than one year | 42 | - | €360,000 | +€360,000 | |
| Financial debts | 43 | €33 | €1,777 | +€1,745 | +5367.9% |
| Credit institutions | 430/8 | €33 | €1,777 | +€1,745 | +5367.9% |
| Trade debts | 44 | €21,291 | €78,511 | +€57,220 | +268.8% |
| Suppliers | 440/4 | €21,291 | €78,511 | +€57,220 | +268.8% |
| Taxes, remuneration and social security | 45 | €305,426 | €980 | -€304,446 | -99.7% |
| Taxes | 450/3 | €305,426 | €980 | -€304,446 | -99.7% |
| Other amounts payable | 47/48 | - | €1,157,811 | +€1.2m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €616,221 | €620,108 | +€3,888 | +0.6% |
| Other operating charges | 640/8 | - | €2,082 | +€2,082 | |
| Gross operating margin | 9900 | €1,619,267 | €1,498,869 | -€120,399 | -7.4% |
| Operating profit (loss) | 9901 | €1,003,047 | €876,679 | -€126,368 | -12.6% |
| Financial income | 75/76B | €122,966 | €33 | -€122,933 | -100.0% |
| Recurring financial income | 75 | €122,966 | €33 | -€122,933 | -100.0% |
| Financial charges | 65/66B | €521,428 | €1,747,276 | +€1.2m | +235.1% |
| Recurring financial charges | 65 | €521,428 | €1,747,276 | +€1.2m | +235.1% |
| Profit (loss) for the period before taxes | 9903 | €604,584 | -€870,564 | -€1.5m | |
| Transfer from deferred taxes | 780 | €88,298 | €88,298 | = | 0.0% |
| Income taxes | 67/77 | €230,694 | - | -€230,694 | |
| Profit (loss) for the period | 9904 | €462,188 | -€782,266 | -€1.2m | |
| Transfer from tax-exempt reserves | 789 | €171,478 | €171,478 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €633,667 | -€610,788 | -€1.2m |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.