NIDUFIN: 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.
NIDUFIN
Largest movements
- Cash +€153,257
up €153,257 (+48.9%), from €313,117 to €466,374
mainly Current investments (+€90,000) and Net result for the year (+€82,830)
- Current investments -€90,000
no longer reported in 2025 (was €90,000)
- Receivables within one year -€45,440
down €45,440 (-52.5%), from €86,540 to €41,099
of which Trade receivables: -€31,250
- Tangible fixed assets -€28,348
down €28,348 (-9.0%), from €315,005 to €286,658
of which Furniture and vehicles: -€20,906
- Reserves -€15,035
down €15,035 (-1.9%), from €785,639 to €770,604
- Gross operating margin -€53,994
down €53,994 (-28.7%), from €187,806 to €133,812
- Taxes -€23,102
down €23,102 (-49.4%), from €46,809 to €23,707
- Depreciation -€4,736
down €4,736 (-14.3%), from €33,084 to €28,348
- Financial income +€3,074
new in 2025: €3,074
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 | €809,312 | €798,781 | -€10,531 | -1.3% |
| Fixed assets | 21/28 | €319,655 | €291,308 | -€28,348 | -8.9% |
| Tangible fixed assets | 22/27 | €315,005 | €286,658 | -€28,348 | -9.0% |
| Land and buildings | 22 | €229,884 | €223,794 | -€6,090 | -2.6% |
| Plant, machinery and equipment | 23 | €4,785 | €3,434 | -€1,351 | -28.2% |
| Furniture and vehicles | 24 | €80,336 | €59,430 | -€20,906 | -26.0% |
| Financial fixed assets | 28 | €4,650 | €4,650 | = | 0.0% |
| Current assets | 29/58 | €489,656 | €507,473 | +€17,817 | +3.6% |
| Amounts receivable within one year | 40/41 | €86,540 | €41,099 | -€45,440 | -52.5% |
| Trade receivables | 40 | €31,250 | - | -€31,250 | |
| Other amounts receivable | 41 | €55,290 | €41,099 | -€14,190 | -25.7% |
| Current investments | 50/53 | €90,000 | - | -€90,000 | |
| Cash at bank and in hand | 54/58 | €313,117 | €466,374 | +€153,257 | +48.9% |
| Total equity and liabilities | 10/49 | €809,312 | €798,781 | -€10,531 | -1.3% |
| Equity | 10/15 | €798,039 | €783,004 | -€15,035 | -1.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €785,639 | €770,604 | -€15,035 | -1.9% |
| Distributable reserves | 133 | €785,639 | €770,604 | -€15,035 | -1.9% |
| Amounts payable | 17/49 | €11,273 | €15,777 | +€4,504 | +40.0% |
| Amounts payable within one year | 42/48 | €11,273 | €15,777 | +€4,504 | +40.0% |
| Trade debts | 44 | €579 | €1,054 | +€475 | +81.9% |
| Suppliers | 440/4 | €579 | €1,054 | +€475 | +81.9% |
| Taxes, remuneration and social security | 45 | €10,693 | €10,693 | = | 0.0% |
| Taxes | 450/3 | €10,693 | €10,693 | = | 0.0% |
| Other amounts payable | 47/48 | - | €4,030 | +€4,030 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,084 | €28,348 | -€4,736 | -14.3% |
| Other operating charges | 640/8 | €934 | €1,957 | +€1,023 | +110% |
| Gross operating margin | 9900 | €187,806 | €133,812 | -€53,994 | -28.7% |
| Operating profit (loss) | 9901 | €153,788 | €103,507 | -€50,281 | -32.7% |
| Financial income | 75/76B | - | €3,074 | +€3,074 | |
| Recurring financial income | 75 | - | €3,074 | +€3,074 | |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €153,743 | €106,537 | -€47,206 | -30.7% |
| Income taxes | 67/77 | €46,809 | €23,707 | -€23,102 | -49.4% |
| Profit (loss) for the period | 9904 | €106,934 | €82,830 | -€24,104 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €106,934 | €82,830 | -€24,104 | -22.5% |
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 16 October 2026 via checked.be.