NODI: 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.
NODI
Largest movements
- Tangible fixed assets +€235,931
up €235,931 (+1563.0%), from €15,094 to €251,026
of which Land and buildings: +€226,106
- Stocks and contracts +€211,176
new in 2025: €211,176
- Cash -€28,221
down €28,221 (-32.8%), from €86,168 to €57,947
mainly Investment in fixed assets (net) (-€242,200) and Stocks and contracts (-€211,176)
- Debts after one year +€373,952
new in 2025: €373,952
- Current portion of long-term debt +€22,389
new in 2025: €22,389
- Reserves +€21,858
up €21,858 (+20.5%), from €106,853 to €128,711
- Accrued charges and deferred income -€10,249
down €10,249 (-100.0%), from €10,249 to €0
- Tax, wage and social debts +€5,762
up €5,762 (+39.1%), from €14,731 to €20,493
- Other operating charges +€15,104
up €15,104 (+1086.2%), from €1,391 to €16,495
- Taxes -€4,322
down €4,322 (-38.7%), from €11,178 to €6,856
- Depreciation +€4,239
up €4,239 (+208.9%), from €2,030 to €6,269
- Gross operating margin -€1,657
down €1,657 (-2.9%), from €57,697 to €56,039
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 | €138,490 | €560,617 | +€422,127 | +304.8% |
| Fixed assets | 21/28 | €15,094 | €251,026 | +€235,931 | +1563.0% |
| Tangible fixed assets | 22/27 | €15,094 | €251,026 | +€235,931 | +1563.0% |
| Land and buildings | 22 | - | €226,106 | +€226,106 | |
| Furniture and vehicles | 24 | €5,412 | €16,251 | +€10,839 | +200.3% |
| Other tangible fixed assets | 26 | €9,683 | €8,669 | -€1,014 | -10.5% |
| Current assets | 29/58 | €123,396 | €309,591 | +€186,196 | +150.9% |
| Stocks and contracts in progress | 3 | - | €211,176 | +€211,176 | |
| Stocks | 30/36 | - | €211,176 | +€211,176 | |
| Amounts receivable within one year | 40/41 | €35,092 | €40,089 | +€4,996 | +14.2% |
| Trade receivables | 40 | €35,062 | €39,190 | +€4,128 | +11.8% |
| Other amounts receivable | 41 | €31 | €899 | +€869 | +2839.3% |
| Cash at bank and in hand | 54/58 | €86,168 | €57,947 | -€28,221 | -32.8% |
| Deferred charges and accrued income | 490/1 | €2,135 | €379 | -€1,756 | -82.3% |
| Total equity and liabilities | 10/49 | €138,490 | €560,617 | +€422,127 | +304.8% |
| Equity | 10/15 | €109,353 | €131,211 | +€21,858 | +20.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €106,853 | €128,711 | +€21,858 | +20.5% |
| Distributable reserves | 133 | €106,853 | €128,711 | +€21,858 | +20.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,137 | €429,406 | +€400,269 | +1373.7% |
| Amounts payable after more than one year | 17 | - | €373,952 | +€373,952 | |
| Financial debts | 170/4 | - | €373,952 | +€373,952 | |
| Amounts payable within one year | 42/48 | €18,888 | €55,454 | +€36,566 | +193.6% |
| Current portion of amounts payable after more than one year | 42 | - | €22,389 | +€22,389 | |
| Trade debts | 44 | €2,774 | €7,822 | +€5,048 | +182.0% |
| Suppliers | 440/4 | €2,774 | €7,822 | +€5,048 | +182.0% |
| Taxes, remuneration and social security | 45 | €14,731 | €20,493 | +€5,762 | +39.1% |
| Taxes | 450/3 | €14,731 | €20,493 | +€5,762 | +39.1% |
| Other amounts payable | 47/48 | €1,383 | €4,750 | +€3,367 | +243.5% |
| Accrued charges and deferred income | 492/3 | €10,249 | €0 | -€10,249 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,030 | €6,269 | +€4,239 | +208.9% |
| Other operating charges | 640/8 | €1,391 | €16,495 | +€15,104 | +1086.2% |
| Gross operating margin | 9900 | €57,697 | €56,039 | -€1,657 | -2.9% |
| Operating profit (loss) | 9901 | €54,276 | €33,276 | -€21,001 | -38.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €4,411 | €4,562 | +€151 | +3.4% |
| Recurring financial charges | 65 | €4,411 | €4,562 | +€151 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €49,866 | €28,714 | -€21,152 | -42.4% |
| Income taxes | 67/77 | €11,178 | €6,856 | -€4,322 | -38.7% |
| Profit (loss) for the period | 9904 | €38,688 | €21,858 | -€16,830 | -43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,688 | €21,858 | -€16,830 | -43.5% |
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 7 October 2026 via checked.be.