NEDNEWS: 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.
NEDNEWS
Largest movements
- Cash -€113,455
down €113,455 (-57.0%), from €199,132 to €85,677
mainly Contributions, distributions and other (-€1.7m) and Debts after one year (-€96,134)
- Receivables within one year +€88,578
up €88,578 (+329%), from €26,922 to €115,500
of which Trade receivables: +€93,720
- Tangible fixed assets -€29,095
down €29,095 (-22.4%), from €130,047 to €100,951
of which Furniture and vehicles: -€29,095
- Other debts +€651,058
up €651,058 (+186%), from €350,000 to €1.0m
- Profit (loss) carried forward -€546,783
down €546,783 (-44.1%), from €1.2m to €693,809
- Debts after one year -€96,134
down €96,134 (-59.9%), from €160,387 to €64,253
- Current portion of long-term debt -€67,631
down €67,631 (-41.3%), from €163,764 to €96,134
- Short-term financial debts +€24,482
up €24,482 (+102%), from €23,964 to €48,446
- Gross operating margin +€168,272
up €168,272 (+30.8%), from €545,539 to €713,811
- Taxes +€42,173
up €42,173 (+33.3%), from €126,676 to €168,848
- Financial income +€23,481
up €23,481 (+4.1%), from €573,343 to €596,823
- Depreciation +€8,665
up €8,665 (+42.4%), from €20,430 to €29,095
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 | €2,147,505 | €2,094,354 | -€53,152 | -2.5% |
| Fixed assets | 21/28 | €1,920,047 | €1,890,951 | -€29,095 | -1.5% |
| Tangible fixed assets | 22/27 | €130,047 | €100,951 | -€29,095 | -22.4% |
| Furniture and vehicles | 24 | €125,047 | €95,951 | -€29,095 | -23.3% |
| Other tangible fixed assets | 26 | €5,000 | €5,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,790,000 | €1,790,000 | = | 0.0% |
| Current assets | 29/58 | €227,459 | €203,403 | -€24,056 | -10.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €26,922 | €115,500 | +€88,578 | +329% |
| Trade receivables | 40 | €21,780 | €115,500 | +€93,720 | +430% |
| Other amounts receivable | 41 | €5,142 | €0 | -€5,142 | -100% |
| Cash at bank and in hand | 54/58 | €199,132 | €85,677 | -€113,455 | -57.0% |
| Deferred charges and accrued income | 490/1 | €1,405 | €2,225 | +€821 | +58.4% |
| Total equity and liabilities | 10/49 | €2,147,505 | €2,094,354 | -€53,152 | -2.5% |
| Equity | 10/15 | €1,365,592 | €818,809 | -€546,783 | -40.0% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,240,592 | €693,809 | -€546,783 | -44.1% |
| Amounts payable | 17/49 | €781,913 | €1,275,544 | +€493,631 | +63.1% |
| Amounts payable after more than one year | 17 | €160,387 | €64,253 | -€96,134 | -59.9% |
| Financial debts | 170/4 | €160,387 | €64,253 | -€96,134 | -59.9% |
| Amounts payable within one year | 42/48 | €620,047 | €1,210,120 | +€590,073 | +95.2% |
| Current portion of amounts payable after more than one year | 42 | €163,764 | €96,134 | -€67,631 | -41.3% |
| Financial debts | 43 | €23,964 | €48,446 | +€24,482 | +102% |
| Credit institutions | 430/8 | €23,964 | €48,446 | +€24,482 | +102% |
| Trade debts | 44 | €6,395 | €2,402 | -€3,993 | -62.4% |
| Suppliers | 440/4 | €6,395 | €2,402 | -€3,993 | -62.4% |
| Taxes, remuneration and social security | 45 | €75,923 | €62,080 | -€13,843 | -18.2% |
| Taxes | 450/3 | €75,923 | €61,415 | -€14,508 | -19.1% |
| Remuneration and social security | 454/9 | €0 | €664 | +€664 | |
| Other amounts payable | 47/48 | €350,000 | €1,001,058 | +€651,058 | +186% |
| Accrued charges and deferred income | 492/3 | €1,479 | €1,172 | -€308 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,430 | €29,095 | +€8,665 | +42.4% |
| Other operating charges | 640/8 | €2,195 | €2,078 | -€117 | -5.3% |
| Gross operating margin | 9900 | €545,539 | €713,811 | +€168,272 | +30.8% |
| Operating profit (loss) | 9901 | €522,914 | €682,638 | +€159,724 | +30.5% |
| Financial income | 75/76B | €573,343 | €596,823 | +€23,481 | +4.1% |
| Recurring financial income | 75 | €573,343 | €596,823 | +€23,481 | +4.1% |
| Financial charges | 65/66B | €8,033 | €7,396 | -€637 | -7.9% |
| Recurring financial charges | 65 | €8,033 | €7,396 | -€637 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €1,088,223 | €1,272,066 | +€183,842 | +16.9% |
| Income taxes | 67/77 | €126,676 | €168,848 | +€42,173 | +33.3% |
| Profit (loss) for the period | 9904 | €961,548 | €1,103,217 | +€141,670 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €961,548 | €1,103,217 | +€141,670 | +14.7% |
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 25 October 2026 via checked.be.