NIDRE HOLDING: 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.
NIDRE HOLDING
Largest movements
- Tangible fixed assets -€71,243
down €71,243 (-12.5%), from €569,283 to €498,039
- Debts after one year -€106,432
down €106,432 (-9.6%), from €1.1m to €1.0m
of which Financial debts: -€106,232
- Profit (loss) carried forward +€18,599
up €18,599 (+513%), from €3,626 to €22,225
- Gross operating margin +€33,936
up €33,936 (+34.0%), from €99,741 to €133,677
- Depreciation +€9,657
up €9,657 (+15.7%), from €61,586 to €71,243
- Financial charges +€8,760
up €8,760 (+33.0%), from €26,568 to €35,327
- Taxes +€3,743
up €3,743 (+413%), from €906 to €4,650
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 | €1,203,175 | €1,132,133 | -€71,042 | -5.9% |
| Fixed assets | 21/28 | €1,169,508 | €1,098,264 | -€71,243 | -6.1% |
| Tangible fixed assets | 22/27 | €569,283 | €498,039 | -€71,243 | -12.5% |
| Land and buildings | 22 | €569,283 | €498,039 | -€71,243 | -12.5% |
| Financial fixed assets | 28 | €600,225 | €600,225 | = | 0.0% |
| Current assets | 29/58 | €33,667 | €33,869 | +€202 | +0.6% |
| Amounts receivable within one year | 40/41 | €29,800 | €22,950 | -€6,850 | -23.0% |
| Trade receivables | 40 | - | €6,000 | +€6,000 | |
| Other amounts receivable | 41 | €29,800 | €16,950 | -€12,850 | -43.1% |
| Cash at bank and in hand | 54/58 | €3,867 | €10,919 | +€7,052 | +182% |
| Total equity and liabilities | 10/49 | €1,203,175 | €1,132,133 | -€71,042 | -5.9% |
| Equity | 10/15 | €23,626 | €42,225 | +€18,599 | +78.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,626 | €22,225 | +€18,599 | +513% |
| Amounts payable | 17/49 | €1,179,549 | €1,089,908 | -€89,641 | -7.6% |
| Amounts payable after more than one year | 17 | €1,108,191 | €1,001,759 | -€106,432 | -9.6% |
| Financial debts | 170/4 | €948,991 | €842,759 | -€106,232 | -11.2% |
| Other amounts payable | 178/9 | €159,200 | €159,000 | -€200 | -0.1% |
| Amounts payable within one year | 42/48 | €69,758 | €84,599 | +€14,841 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €65,107 | €67,092 | +€1,985 | +3.0% |
| Trade debts | 44 | €545 | €9,439 | +€8,894 | +1,633% |
| Suppliers | 440/4 | €545 | €9,439 | +€8,894 | +1,633% |
| Taxes, remuneration and social security | 45 | €4,107 | €8,069 | +€3,962 | +96.5% |
| Taxes | 450/3 | €4,107 | €8,069 | +€3,962 | +96.5% |
| Accrued charges and deferred income | 492/3 | €1,600 | €3,550 | +€1,950 | +122% |
| Non-recurring operating income | 76A | - | €23,279 | +€23,279 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,586 | €71,243 | +€9,657 | +15.7% |
| Other operating charges | 640/8 | €3,282 | €3,857 | +€575 | +17.5% |
| Gross operating margin | 9900 | €99,741 | €133,677 | +€33,936 | +34.0% |
| Operating profit (loss) | 9901 | €34,872 | €58,576 | +€23,704 | +68.0% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €26,568 | €35,327 | +€8,760 | +33.0% |
| Recurring financial charges | 65 | €26,568 | €35,327 | +€8,760 | +33.0% |
| Profit (loss) for the period before taxes | 9903 | €8,314 | €23,249 | +€14,935 | +180% |
| Income taxes | 67/77 | €906 | €4,650 | +€3,743 | +413% |
| Profit (loss) for the period | 9904 | €7,408 | €18,599 | +€11,191 | +151% |
| Profit (loss) for the period to be appropriated | 9905 | €7,408 | €18,599 | +€11,191 | +151% |
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 21 October 2026 via checked.be.