NIEDMARK: 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.
NIEDMARK
Largest movements
- Receivables within one year +€54,242
up €54,242 (+149.4%), from €36,310 to €90,552
of which Trade receivables: +€46,964
- Cash +€16,707
up €16,707 (+41.0%), from €40,722 to €57,429
mainly Net result for the year (+€116,446) and Other debts (+€85,598)
- Tangible fixed assets +€3,408
up €3,408 (+746.5%), from €457 to €3,865
- Other debts +€85,598
up €85,598 (+238.8%), from €35,846 to €121,445
- Tax, wage and social debts -€11,522
down €11,522 (-58.0%), from €19,850 to €8,327
of which Taxes: -€13,188
- Gross operating margin +€76,211
up €76,211 (+90.3%), from €84,365 to €160,576
- Taxes +€22,448
up €22,448 (+123.5%), from €18,171 to €40,619
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 | €77,730 | €151,847 | +€74,117 | +95.4% |
| Fixed assets | 21/28 | €457 | €3,865 | +€3,408 | +746.5% |
| Tangible fixed assets | 22/27 | €457 | €3,865 | +€3,408 | +746.5% |
| Furniture and vehicles | 24 | €457 | €3,865 | +€3,408 | +746.5% |
| Current assets | 29/58 | €77,273 | €147,982 | +€70,709 | +91.5% |
| Amounts receivable within one year | 40/41 | €36,310 | €90,552 | +€54,242 | +149.4% |
| Trade receivables | 40 | €36,310 | €83,274 | +€46,964 | +129.3% |
| Other amounts receivable | 41 | - | €7,278 | +€7,278 | |
| Cash at bank and in hand | 54/58 | €40,722 | €57,429 | +€16,707 | +41.0% |
| Deferred charges and accrued income | 490/1 | €241 | - | -€241 | |
| Total equity and liabilities | 10/49 | €77,730 | €151,847 | +€74,117 | +95.4% |
| Equity | 10/15 | €20,361 | €20,361 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €19,361 | €19,361 | = | 0.0% |
| Distributable reserves | 133 | €19,361 | €19,361 | = | 0.0% |
| Amounts payable | 17/49 | €57,369 | €131,486 | +€74,117 | +129.2% |
| Amounts payable within one year | 42/48 | €57,369 | €131,486 | +€74,117 | +129.2% |
| Trade debts | 44 | €1,673 | €1,714 | +€41 | +2.5% |
| Suppliers | 440/4 | €1,673 | €1,714 | +€41 | +2.5% |
| Taxes, remuneration and social security | 45 | €19,850 | €8,327 | -€11,522 | -58.0% |
| Taxes | 450/3 | €19,850 | €6,662 | -€13,188 | -66.4% |
| Remuneration and social security | 454/9 | - | €1,665 | +€1,665 | |
| Other amounts payable | 47/48 | €35,846 | €121,445 | +€85,598 | +238.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €458 | €1,386 | +€928 | +202.7% |
| Other operating charges | 640/8 | €727 | €1,504 | +€777 | +106.8% |
| Gross operating margin | 9900 | €84,365 | €160,576 | +€76,211 | +90.3% |
| Operating profit (loss) | 9901 | €83,180 | €157,686 | +€74,506 | +89.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €648 | €621 | -€27 | -4.2% |
| Recurring financial charges | 65 | €648 | €621 | -€27 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €82,532 | €157,065 | +€74,533 | +90.3% |
| Income taxes | 67/77 | €18,171 | €40,619 | +€22,448 | +123.5% |
| Profit (loss) for the period | 9904 | €64,361 | €116,446 | +€52,085 | +80.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,361 | €116,446 | +€52,085 | +80.9% |
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 29 September 2026 via checked.be.