NLDO: 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.
NLDO
Largest movements
- Tangible fixed assets -€20,195
down €20,195 (-20.4%), from €99,219 to €79,024
of which Furniture and vehicles: -€13,708
- Cash +€7,071
up €7,071 (+71.2%), from €9,929 to €17,000
mainly Depreciation (+€22,995) and Trade debts (+€4,377)
- Intangible fixed assets -€2,800
down €2,800 (-21.0%), from €13,310 to €10,510
- Receivables within one year +€1,696
up €1,696 (+5.5%), from €30,906 to €32,601
- Debts after one year -€20,342
down €20,342 (-32.7%), from €62,140 to €41,799
- Trade debts +€4,377
up €4,377 (+70.6%), from €6,196 to €10,572
- Reserves +€4,048
up €4,048 (+10.4%), from €38,948 to €42,997
- Gross operating margin +€10,581
up €10,581 (+51.8%), from €20,407 to €30,988
- Depreciation +€3,305
up €3,305 (+16.8%), from €19,690 to €22,995
- Taxes +€2,405
up €2,405 (+795.1%), from €302 to €2,707
- Financial income +€898
up €898 (+65.4%), from €1,373 to €2,271
- Financial charges -€526
down €526 (-16.3%), from €3,230 to €2,705
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,897 | €145,997 | -€12,900 | -8.1% |
| Fixed assets | 21/28 | €117,029 | €94,034 | -€22,995 | -19.6% |
| Intangible fixed assets | 21 | €13,310 | €10,510 | -€2,800 | -21.0% |
| Tangible fixed assets | 22/27 | €99,219 | €79,024 | -€20,195 | -20.4% |
| Land and buildings | 22 | €67,448 | €60,961 | -€6,487 | -9.6% |
| Furniture and vehicles | 24 | €31,771 | €18,063 | -€13,708 | -43.1% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €41,868 | €51,963 | +€10,095 | +24.1% |
| Amounts receivable within one year | 40/41 | €30,906 | €32,601 | +€1,696 | +5.5% |
| Other amounts receivable | 41 | €30,906 | €32,601 | +€1,696 | +5.5% |
| Cash at bank and in hand | 54/58 | €9,929 | €17,000 | +€7,071 | +71.2% |
| Deferred charges and accrued income | 490/1 | €1,034 | €2,362 | +€1,328 | +128.5% |
| Total equity and liabilities | 10/49 | €158,897 | €145,997 | -€12,900 | -8.1% |
| Equity | 10/15 | €64,743 | €67,933 | +€3,189 | +4.9% |
| Contributions | 10/11 | €1,860 | €1,860 | = | 0.0% |
| Reserves | 13 | €38,948 | €42,997 | +€4,048 | +10.4% |
| Distributable reserves | 133 | €38,948 | €42,997 | +€4,048 | +10.4% |
| Profit (loss) carried forward | 14 | €23,935 | €23,076 | -€859 | -3.6% |
| Amounts payable | 17/49 | €94,153 | €78,064 | -€16,090 | -17.1% |
| Amounts payable after more than one year | 17 | €62,140 | €41,799 | -€20,342 | -32.7% |
| Financial debts | 170/4 | €62,140 | €41,799 | -€20,342 | -32.7% |
| Amounts payable within one year | 42/48 | €30,763 | €35,015 | +€4,252 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €19,785 | €20,342 | +€557 | +2.8% |
| Trade debts | 44 | €6,196 | €10,572 | +€4,377 | +70.6% |
| Suppliers | 440/4 | €6,196 | €10,572 | +€4,377 | +70.6% |
| Taxes, remuneration and social security | 45 | €3,949 | €3,242 | -€707 | -17.9% |
| Taxes | 450/3 | €3,211 | €2,694 | -€517 | -16.1% |
| Remuneration and social security | 454/9 | €738 | €548 | -€190 | -25.7% |
| Other amounts payable | 47/48 | €833 | €859 | +€26 | +3.1% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,690 | €22,995 | +€3,305 | +16.8% |
| Other operating charges | 640/8 | €1,026 | €804 | -€222 | -21.7% |
| Gross operating margin | 9900 | €20,407 | €30,988 | +€10,581 | +51.8% |
| Operating profit (loss) | 9901 | -€309 | €7,189 | +€7,498 | |
| Financial income | 75/76B | €1,373 | €2,271 | +€898 | +65.4% |
| Recurring financial income | 75 | €1,373 | €2,271 | +€898 | +65.4% |
| Financial charges | 65/66B | €3,230 | €2,705 | -€526 | -16.3% |
| Recurring financial charges | 65 | €3,230 | €2,705 | -€526 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,166 | €6,756 | +€8,921 | |
| Income taxes | 67/77 | €302 | €2,707 | +€2,405 | +795.1% |
| Profit (loss) for the period | 9904 | -€2,468 | €4,048 | +€6,517 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,468 | €4,048 | +€6,517 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.