NHDC: 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.
NHDC
Largest movements
- Tangible fixed assets -€10,531
down €10,531 (-49.8%), from €21,161 to €10,630
of which Furniture and vehicles: -€9,712
- Cash -€6,927
down €6,927 (-40.9%), from €16,927 to €10,000
mainly Tax, wage and social debts (-€8,441) and Net result for the year (-€3,907)
- Receivables within one year +€3,594
up €3,594 (+268.4%), from €1,339 to €4,934
- Tax, wage and social debts -€8,441
down €8,441 (-50.1%), from €16,855 to €8,415
of which Taxes: -€5,766
- Profit (loss) carried forward -€3,907
down €3,907 (-46.2%), from €8,452 to €4,544
- Trade debts -€847
down €847 (-27.7%), from €3,057 to €2,210
- Other debts -€669
down €669 (-14.2%), from €4,703 to €4,035
- Turnover -€199,444
no longer reported in 2025 (was €199,444)
- Purchases and services -€167,495
no longer reported in 2025 (was €167,495)
- Gross operating margin -€15,226
down €15,226 (-47.7%), from €31,949 to €16,722
- Taxes -€3,062
down €3,062 (-95.9%), from €3,192 to €129
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 | €39,469 | €25,605 | -€13,864 | -35.1% |
| Fixed assets | 21/28 | €21,202 | €10,671 | -€10,531 | -49.7% |
| Tangible fixed assets | 22/27 | €21,161 | €10,630 | -€10,531 | -49.8% |
| Plant, machinery and equipment | 23 | €2,488 | €1,668 | -€820 | -33.0% |
| Furniture and vehicles | 24 | €18,673 | €8,962 | -€9,712 | -52.0% |
| Financial fixed assets | 28 | €41 | €41 | = | 0.0% |
| Current assets | 29/58 | €18,266 | €14,933 | -€3,333 | -18.2% |
| Amounts receivable within one year | 40/41 | €1,339 | €4,934 | +€3,594 | +268.4% |
| Trade receivables | 40 | €1,339 | €4,934 | +€3,594 | +268.4% |
| Cash at bank and in hand | 54/58 | €16,927 | €10,000 | -€6,927 | -40.9% |
| Total equity and liabilities | 10/49 | €39,469 | €25,605 | -€13,864 | -35.1% |
| Equity | 10/15 | €14,853 | €10,946 | -€3,907 | -26.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €201 | €201 | = | 0.0% |
| Distributable reserves | 133 | €201 | €201 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,452 | €4,544 | -€3,907 | -46.2% |
| Amounts payable | 17/49 | €24,616 | €14,659 | -€9,957 | -40.4% |
| Amounts payable within one year | 42/48 | €24,616 | €14,659 | -€9,957 | -40.4% |
| Trade debts | 44 | €3,057 | €2,210 | -€847 | -27.7% |
| Suppliers | 440/4 | €3,057 | €2,210 | -€847 | -27.7% |
| Taxes, remuneration and social security | 45 | €16,855 | €8,415 | -€8,441 | -50.1% |
| Taxes | 450/3 | €11,467 | €5,701 | -€5,766 | -50.3% |
| Remuneration and social security | 454/9 | €5,388 | €2,713 | -€2,675 | -49.6% |
| Other amounts payable | 47/48 | €4,703 | €4,035 | -€669 | -14.2% |
| Turnover | 70 | €199,444 | - | -€199,444 | |
| Non-recurring operating income | 76A | - | €6 | +€6 | |
| Goods, raw materials, services and sundry goods | 60/61 | €167,495 | - | -€167,495 | |
| Remuneration, social security and pensions | 62 | €2,488 | €3,317 | +€829 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,968 | €10,531 | -€1,436 | -12.0% |
| Other operating charges | 640/8 | €2,340 | €2,629 | +€290 | +12.4% |
| Non-recurring operating charges | 66A | - | €23 | +€23 | |
| Gross operating margin | 9900 | €31,949 | €16,722 | -€15,226 | -47.7% |
| Operating profit (loss) | 9901 | €15,154 | €222 | -€14,932 | -98.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,570 | €4,000 | +€1,430 | +55.6% |
| Recurring financial charges | 65 | €2,570 | €4,000 | +€1,430 | +55.6% |
| Profit (loss) for the period before taxes | 9903 | €12,585 | -€3,778 | -€16,363 | |
| Income taxes | 67/77 | €3,192 | €129 | -€3,062 | -95.9% |
| Profit (loss) for the period | 9904 | €9,393 | -€3,907 | -€13,301 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,393 | -€3,907 | -€13,301 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.