NEDOSA: 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.
NEDOSA
Largest movements
- Receivables within one year +€199,465
up €199,465 (+31.5%), from €632,392 to €831,857
of which Trade receivables: +€160,318
- Cash -€105,724
down €105,724 (-55.3%), from €191,102 to €85,378
mainly Receivables within one year (-€199,465) and Trade debts (-€131,349)
- Stocks and contracts -€54,963
down €54,963 (-53.7%), from €102,398 to €47,435
- Tangible fixed assets -€26,425
down €26,425 (-1.9%), from €1.4m to €1.3m
of which Land and buildings: -€20,484
- Profit (loss) carried forward +€180,800
up €180,800 (+23.4%), from €771,263 to €952,063
- Trade debts -€131,349
down €131,349 (-50.1%), from €261,969 to €130,620
- Debts after one year -€66,178
down €66,178 (-6.9%), from €960,496 to €894,319
of which Financial debts: -€66,178
- Other debts -€37,286
down €37,286 (-72.3%), from €51,571 to €14,286
- Current portion of long-term debt +€31,495
up €31,495 (+20.5%), from €153,835 to €185,330
- Staff costs +€29,916
up €29,916 (+17.8%), from €167,600 to €197,516
- Gross operating margin -€25,831
down €25,831 (-3.7%), from €692,836 to €667,005
- Other operating charges +€19,115
up €19,115 (+62.7%), from €30,473 to €49,588
- Taxes -€16,293
down €16,293 (-19.9%), from €81,709 to €65,416
- Financial income +€11,839
up €11,839 (+248.2%), from €4,769 to €16,609
of which Non-recurring financial income: +€14,962
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,306,744 | €2,308,361 | +€1,617 | +0.1% |
| Fixed assets | 21/28 | €1,362,746 | €1,336,321 | -€26,425 | -1.9% |
| Tangible fixed assets | 22/27 | €1,362,746 | €1,336,321 | -€26,425 | -1.9% |
| Land and buildings | 22 | €647,567 | €627,083 | -€20,484 | -3.2% |
| Plant, machinery and equipment | 23 | €61,513 | €53,983 | -€7,530 | -12.2% |
| Furniture and vehicles | 24 | €24,326 | €14,052 | -€10,274 | -42.2% |
| Leasing and similar rights | 25 | €145,029 | €140,358 | -€4,671 | -3.2% |
| Other tangible fixed assets | 26 | €484,311 | €500,846 | +€16,535 | +3.4% |
| Current assets | 29/58 | €943,997 | €972,040 | +€28,042 | +3.0% |
| Amounts receivable after more than one year | 29 | €3,000 | - | -€3,000 | |
| Other amounts receivable | 291 | €3,000 | - | -€3,000 | |
| Stocks and contracts in progress | 3 | €102,398 | €47,435 | -€54,963 | -53.7% |
| Stocks | 30/36 | €102,398 | €47,435 | -€54,963 | -53.7% |
| Amounts receivable within one year | 40/41 | €632,392 | €831,857 | +€199,465 | +31.5% |
| Trade receivables | 40 | €611,970 | €772,287 | +€160,318 | +26.2% |
| Other amounts receivable | 41 | €20,422 | €59,570 | +€39,147 | +191.7% |
| Cash at bank and in hand | 54/58 | €191,102 | €85,378 | -€105,724 | -55.3% |
| Deferred charges and accrued income | 490/1 | €15,105 | €7,369 | -€7,736 | -51.2% |
| Total equity and liabilities | 10/49 | €2,306,744 | €2,308,361 | +€1,617 | +0.1% |
| Equity | 10/15 | €779,323 | €960,123 | +€180,800 | +23.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €771,263 | €952,063 | +€180,800 | +23.4% |
| Amounts payable | 17/49 | €1,527,421 | €1,348,238 | -€179,183 | -11.7% |
| Amounts payable after more than one year | 17 | €960,496 | €894,319 | -€66,178 | -6.9% |
| Financial debts | 170/4 | €958,896 | €892,719 | -€66,178 | -6.9% |
| Other amounts payable | 178/9 | €1,600 | €1,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €566,925 | €453,920 | -€113,005 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €153,835 | €185,330 | +€31,495 | +20.5% |
| Trade debts | 44 | €261,969 | €130,620 | -€131,349 | -50.1% |
| Suppliers | 440/4 | €261,969 | €130,620 | -€131,349 | -50.1% |
| Taxes, remuneration and social security | 45 | €99,549 | €123,684 | +€24,134 | +24.2% |
| Taxes | 450/3 | €86,435 | €93,766 | +€7,332 | +8.5% |
| Remuneration and social security | 454/9 | €13,115 | €29,917 | +€16,803 | +128.1% |
| Other amounts payable | 47/48 | €51,571 | €14,286 | -€37,286 | -72.3% |
| Non-recurring operating income | 76A | - | €13,212 | +€13,212 | |
| Remuneration, social security and pensions | 62 | €167,600 | €197,516 | +€29,916 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,101 | €135,378 | -€723 | -0.5% |
| Other operating charges | 640/8 | €30,473 | €49,588 | +€19,115 | +62.7% |
| Gross operating margin | 9900 | €692,836 | €667,005 | -€25,831 | -3.7% |
| Operating profit (loss) | 9901 | €358,663 | €284,523 | -€74,140 | -20.7% |
| Financial income | 75/76B | €4,769 | €16,609 | +€11,839 | +248.2% |
| Recurring financial income | 75 | €4,769 | €1,647 | -€3,123 | -65.5% |
| Non-recurring financial income | 76B | - | €14,962 | +€14,962 | |
| Financial charges | 65/66B | €37,368 | €33,630 | -€3,738 | -10.0% |
| Recurring financial charges | 65 | €37,368 | €33,630 | -€3,738 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €326,064 | €267,502 | -€58,562 | -18.0% |
| Income taxes | 67/77 | €81,709 | €65,416 | -€16,293 | -19.9% |
| Profit (loss) for the period | 9904 | €244,355 | €202,086 | -€42,269 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €244,355 | €202,086 | -€42,269 | -17.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.