NODAC Management: 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.
NODAC Management
Largest movements
- Cash +€11,634
up €11,634 (+15.5%), from €74,964 to €86,598
mainly Net result for the year (+€13,251) and Other debts (+€4,135)
- Receivables within one year +€3,311
up €3,311 (+27.7%), from €11,974 to €15,285
of which Other amounts receivable: +€3,587
- Profit (loss) carried forward +€13,251
up €13,251 (+19.4%), from €68,378 to €81,630
- Other debts +€4,135
up €4,135 (+53.5%), from €7,730 to €11,865
- Tax, wage and social debts -€3,711
down €3,711 (-51.8%), from €7,158 to €3,447
- Gross operating margin -€21,602
down €21,602 (-50.2%), from €43,063 to €21,462
- Taxes -€3,958
down €3,958 (-45.1%), from €8,783 to €4,825
- Financial charges +€482
up €482 (+23.1%), from €2,088 to €2,569
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 | €89,348 | €104,048 | +€14,699 | +16.5% |
| Fixed assets | 21/28 | €2,298 | €1,482 | -€816 | -35.5% |
| Tangible fixed assets | 22/27 | €2,298 | €1,482 | -€816 | -35.5% |
| Plant, machinery and equipment | 23 | €859 | €409 | -€450 | -52.4% |
| Furniture and vehicles | 24 | €1,439 | €1,073 | -€366 | -25.4% |
| Current assets | 29/58 | €87,051 | €102,566 | +€15,515 | +17.8% |
| Amounts receivable within one year | 40/41 | €11,974 | €15,285 | +€3,311 | +27.7% |
| Trade receivables | 40 | €11,974 | €11,698 | -€275 | -2.3% |
| Other amounts receivable | 41 | - | €3,587 | +€3,587 | |
| Cash at bank and in hand | 54/58 | €74,964 | €86,598 | +€11,634 | +15.5% |
| Deferred charges and accrued income | 490/1 | €114 | €683 | +€569 | +501.6% |
| Total equity and liabilities | 10/49 | €89,348 | €104,048 | +€14,699 | +16.5% |
| Equity | 10/15 | €71,378 | €84,630 | +€13,251 | +18.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,378 | €81,630 | +€13,251 | +19.4% |
| Amounts payable | 17/49 | €17,970 | €19,418 | +€1,448 | +8.1% |
| Amounts payable within one year | 42/48 | €17,970 | €19,418 | +€1,448 | +8.1% |
| Trade debts | 44 | €3,082 | €4,105 | +€1,024 | +33.2% |
| Suppliers | 440/4 | €3,082 | €4,105 | +€1,024 | +33.2% |
| Taxes, remuneration and social security | 45 | €7,158 | €3,447 | -€3,711 | -51.8% |
| Taxes | 450/3 | €7,158 | €3,447 | -€3,711 | -51.8% |
| Other amounts payable | 47/48 | €7,730 | €11,865 | +€4,135 | +53.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €816 | €816 | = | 0.0% |
| Gross operating margin | 9900 | €43,063 | €21,462 | -€21,602 | -50.2% |
| Operating profit (loss) | 9901 | €42,248 | €20,646 | -€21,602 | -51.1% |
| Financial charges | 65/66B | €2,088 | €2,569 | +€482 | +23.1% |
| Recurring financial charges | 65 | €2,088 | €2,569 | +€482 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €40,160 | €18,076 | -€22,083 | -55.0% |
| Income taxes | 67/77 | €8,783 | €4,825 | -€3,958 | -45.1% |
| Profit (loss) for the period | 9904 | €31,376 | €13,251 | -€18,125 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,376 | €13,251 | -€18,125 | -57.8% |
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 2 October 2026 via checked.be.