NID'OR: 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.
What changed
NID'OR
NACE 47.770, Retail sale of watches and jewellery
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€798
2024 · €1,760-€2,558
Equity
€194,821
2024 · €195,619-€798
Cash
€5,752
2024 · €6,723-€971
Balance sheet total
€339,004
2024 · €332,962+€6,042
Largest movements
Assets
- Stocks and contracts +€10,669
up €10,669 (+8.1%), from €131,846 to €142,514
- Tangible fixed assets -€6,196
down €6,196 (-33.7%), from €18,362 to €12,166
of which Land and buildings: -€4,200
Equity and liabilities
- Trade debts +€12,423
up €12,423 (+35.6%), from €34,859 to €47,282
- Debts after one year -€5,850
down €5,850 (-9.3%), from €62,757 to €56,907
- Short-term financial debts +€3,573
up €3,573 (+14.3%), from €25,062 to €28,635
Income statement
- Gross operating margin -€5,700
down €5,700 (-10.7%), from €53,132 to €47,432
- Purchases and services +€2,796
up €2,796 (+1.6%), from €174,774 to €177,571
- Taxes -€2,300
down €2,300 (-58.9%), from €3,904 to €1,604
- Depreciation -€1,682
down €1,682 (-21.3%), from €7,878 to €6,196
- Staff costs +€1,035
up €1,035 (+3.4%), from €30,720 to €31,755
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.
Result 2024
€1,760
Gross operating margin
-€5,700
Staff costs
-€1,035
Depreciation
+€1,682
Other operating charges
-€180
Financial income
-€264
Financial charges
+€639
Taxes
+€2,300
Result 2025
-€798
raises the resultlowers the result
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.
From operations
+€1,010
Investment
€0
Financing
-€1,981
Cash 2024
€6,723
From operations (derived)
+€1,010
Net result for the year
-€798
Depreciation
+€6,196
Stocks and contracts
-€10,669
Receivables within one year
-€2,576
Deferred charges and accrued income
+€36
Trade debts
+€12,423
Tax, wage and social debts
-€2,956
Advances received
+€203
Accrued charges and deferred income
-€849
Financing
-€1,981
Debts after one year
-€5,850
Current portion of long-term debt
+€297
Short-term financial debts
+€3,573
Cash 2025
€5,752
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €332,962 | €339,004 | +€6,042 | +1.8% |
| Fixed assets | 21/28 | €18,386 | €12,190 | -€6,196 | -33.7% |
| Tangible fixed assets | 22/27 | €18,362 | €12,166 | -€6,196 | -33.7% |
| Land and buildings | 22 | €15,727 | €11,527 | -€4,200 | -26.7% |
| Plant, machinery and equipment | 23 | €2,240 | €638 | -€1,601 | -71.5% |
| Furniture and vehicles | 24 | €395 | - | -€395 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €314,576 | €326,813 | +€12,238 | +3.9% |
| Stocks and contracts in progress | 3 | €131,846 | €142,514 | +€10,669 | +8.1% |
| Stocks | 30/36 | €131,846 | €142,514 | +€10,669 | +8.1% |
| Amounts receivable within one year | 40/41 | €175,945 | €178,521 | +€2,576 | +1.5% |
| Trade receivables | 40 | €1,365 | €1,166 | -€199 | -14.6% |
| Other amounts receivable | 41 | €174,580 | €177,355 | +€2,775 | +1.6% |
| Cash at bank and in hand | 54/58 | €6,723 | €5,752 | -€971 | -14.4% |
| Deferred charges and accrued income | 490/1 | €62 | €26 | -€36 | -57.4% |
| Total equity and liabilities | 10/49 | €332,962 | €339,004 | +€6,042 | +1.8% |
| Equity | 10/15 | €195,619 | €194,821 | -€798 | -0.4% |
| Contributions | 10/11 | €74,400 | €74,400 | = | 0.0% |
| Capital | 10 | €74,400 | €74,400 | = | 0.0% |
| Issued capital | 100 | €74,400 | €74,400 | = | 0.0% |
| Reserves | 13 | €120,313 | €120,313 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,440 | €7,440 | = | 0.0% |
| Legal reserve | 130 | €7,440 | €7,440 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,873 | €7,873 | = | 0.0% |
| Distributable reserves | 133 | €105,000 | €105,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €906 | €108 | -€798 | -88.1% |
| Amounts payable | 17/49 | €137,343 | €144,183 | +€6,840 | +5.0% |
| Amounts payable after more than one year | 17 | €62,757 | €56,907 | -€5,850 | -9.3% |
| Other amounts payable | 178/9 | €62,757 | €56,907 | -€5,850 | -9.3% |
| Amounts payable within one year | 42/48 | €73,737 | €87,276 | +€13,539 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €1,223 | €1,520 | +€297 | +24.3% |
| Financial debts | 43 | €25,062 | €28,635 | +€3,573 | +14.3% |
| Credit institutions | 430/8 | €25,062 | €28,635 | +€3,573 | +14.3% |
| Trade debts | 44 | €34,859 | €47,282 | +€12,423 | +35.6% |
| Suppliers | 440/4 | €34,859 | €47,282 | +€12,423 | +35.6% |
| Advances received on contracts in progress | 46 | €81 | €284 | +€203 | +250% |
| Taxes, remuneration and social security | 45 | €12,511 | €9,555 | -€2,956 | -23.6% |
| Taxes | 450/3 | €8,686 | €4,287 | -€4,399 | -50.6% |
| Remuneration and social security | 454/9 | €3,825 | €5,268 | +€1,443 | +37.7% |
| Accrued charges and deferred income | 492/3 | €849 | - | -€849 | |
| Goods, raw materials, services and sundry goods | 60/61 | €174,774 | €177,571 | +€2,796 | +1.6% |
| Remuneration, social security and pensions | 62 | €30,720 | €31,755 | +€1,035 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,878 | €6,196 | -€1,682 | -21.3% |
| Other operating charges | 640/8 | €4,236 | €4,416 | +€180 | +4.3% |
| Gross operating margin | 9900 | €53,132 | €47,432 | -€5,700 | -10.7% |
| Operating profit (loss) | 9901 | €10,298 | €5,065 | -€5,233 | -50.8% |
| Financial income | 75/76B | €295 | €31 | -€264 | -89.5% |
| Recurring financial income | 75 | €295 | €31 | -€264 | -89.5% |
| Financial charges | 65/66B | €4,929 | €4,290 | -€639 | -13.0% |
| Recurring financial charges | 65 | €4,929 | €4,290 | -€639 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €5,664 | €806 | -€4,858 | -85.8% |
| Income taxes | 67/77 | €3,904 | €1,604 | -€2,300 | -58.9% |
| Profit (loss) for the period | 9904 | €1,760 | -€798 | -€2,558 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,760 | -€798 | -€2,558 |
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.