NiDeq: 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.
NiDeq
Largest movements
- Cash -€471,124
down €471,124 (-47.0%), from €1.0m to €532,225
mainly Current investments (-€327,665) and Investment in fixed assets (net) (-€112,289)
- Current investments +€327,665
up €327,665 (+80.6%), from €406,443 to €734,108
- Tangible fixed assets +€101,039
up €101,039 (+20.0%), from €503,998 to €605,037
of which Other tangible fixed assets: +€467,144
- Tax, wage and social debts -€87,772
down €87,772 (-96.9%), from €90,610 to €2,839
- Debts after one year +€61,949
up €61,949 (+63.1%), from €98,238 to €160,186
- Other debts -€55,572
down €55,572 (-50.4%), from €110,264 to €54,692
- Reserves +€36,782
up €36,782 (+1.4%), from €2.7m to €2.7m
- Financial income -€1.0m
down €1.0m (-97.9%), from €1.1m to €22,369
of which Non-recurring financial income: -€1.1m
- Taxes -€94,010
down €94,010 (-80.2%), from €117,187 to €23,177
- Financial charges +€9,072
up €9,072 (+431.2%), from €2,104 to €11,176
- Gross operating margin +€6,103
up €6,103 (+11.0%), from €55,256 to €61,359
- Depreciation +€1,539
up €1,539 (+15.8%), from €9,711 to €11,250
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 | €3,034,199 | €3,013,347 | -€20,852 | -0.7% |
| Fixed assets | 21/28 | €1,338,998 | €1,440,037 | +€101,039 | +7.5% |
| Tangible fixed assets | 22/27 | €503,998 | €605,037 | +€101,039 | +20.0% |
| Plant, machinery and equipment | 23 | - | €2,588 | +€2,588 | |
| Furniture and vehicles | 24 | €16,455 | €12,311 | -€4,145 | -25.2% |
| Other tangible fixed assets | 26 | €86,316 | €553,461 | +€467,144 | +541.2% |
| Assets under construction and advance payments | 27 | €401,226 | €36,678 | -€364,549 | -90.9% |
| Financial fixed assets | 28 | €835,000 | €835,000 | = | 0.0% |
| Current assets | 29/58 | €1,695,201 | €1,573,310 | -€121,891 | -7.2% |
| Amounts receivable after more than one year | 29 | €1,663 | €0 | -€1,663 | -100.0% |
| Other amounts receivable | 291 | €1,663 | €0 | -€1,663 | -100.0% |
| Amounts receivable within one year | 40/41 | €282,717 | €303,768 | +€21,051 | +7.4% |
| Trade receivables | 40 | €18,211 | €37,621 | +€19,410 | +106.6% |
| Other amounts receivable | 41 | €264,506 | €266,147 | +€1,641 | +0.6% |
| Current investments | 50/53 | €406,443 | €734,108 | +€327,665 | +80.6% |
| Cash at bank and in hand | 54/58 | €1,003,349 | €532,225 | -€471,124 | -47.0% |
| Deferred charges and accrued income | 490/1 | €1,028 | €3,209 | +€2,181 | +212.1% |
| Total equity and liabilities | 10/49 | €3,034,199 | €3,013,347 | -€20,852 | -0.7% |
| Equity | 10/15 | €2,695,278 | €2,732,060 | +€36,782 | +1.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,689,078 | €2,725,860 | +€36,782 | +1.4% |
| Distributable reserves | 133 | €2,689,078 | €2,725,860 | +€36,782 | +1.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €338,921 | €281,287 | -€57,634 | -17.0% |
| Amounts payable after more than one year | 17 | €98,238 | €160,186 | +€61,949 | +63.1% |
| Financial debts | 170/4 | €98,238 | €160,186 | +€61,949 | +63.1% |
| Amounts payable within one year | 42/48 | €210,596 | €90,820 | -€119,776 | -56.9% |
| Current portion of amounts payable after more than one year | 42 | - | €7,014 | +€7,014 | |
| Trade debts | 44 | €9,721 | €26,275 | +€16,554 | +170.3% |
| Suppliers | 440/4 | €9,721 | €26,275 | +€16,554 | +170.3% |
| Taxes, remuneration and social security | 45 | €90,610 | €2,839 | -€87,772 | -96.9% |
| Taxes | 450/3 | €90,610 | €2,839 | -€87,772 | -96.9% |
| Other amounts payable | 47/48 | €110,264 | €54,692 | -€55,572 | -50.4% |
| Accrued charges and deferred income | 492/3 | €30,087 | €30,281 | +€193 | +0.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,711 | €11,250 | +€1,539 | +15.8% |
| Other operating charges | 640/8 | €1,418 | €1,343 | -€75 | -5.3% |
| Gross operating margin | 9900 | €55,256 | €61,359 | +€6,103 | +11.0% |
| Operating profit (loss) | 9901 | €44,127 | €48,766 | +€4,639 | +10.5% |
| Financial income | 75/76B | €1,064,541 | €22,369 | -€1.0m | -97.9% |
| Recurring financial income | 75 | €10,908 | €22,369 | +€11,461 | +105.1% |
| Non-recurring financial income | 76B | €1,053,633 | €0 | -€1.1m | -100.0% |
| Financial charges | 65/66B | €2,104 | €11,176 | +€9,072 | +431.2% |
| Recurring financial charges | 65 | €2,104 | €11,176 | +€9,072 | +431.2% |
| Profit (loss) for the period before taxes | 9903 | €1,106,564 | €59,959 | -€1.0m | -94.6% |
| Income taxes | 67/77 | €117,187 | €23,177 | -€94,010 | -80.2% |
| Profit (loss) for the period | 9904 | €989,377 | €36,782 | -€952,595 | -96.3% |
| Profit (loss) for the period to be appropriated | 9905 | €989,377 | €36,782 | -€952,595 | -96.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.