NT2D: 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.
NT2D
Largest movements
- Receivables within one year -€74,836
no longer reported in 2025 (was €74,836)
- Current investments +€33,000
up €33,000 (+39.2%), from €84,250 to €117,250
- Cash +€22,174
up €22,174 (+39.6%), from €55,965 to €78,140
mainly Receivables within one year (+€74,836) and Net result for the year (+€60,032)
- Tangible fixed assets -€11,549
down €11,549 (-32.0%), from €36,054 to €24,505
of which Furniture and vehicles: -€11,342
- Profit (loss) carried forward -€57,468
down €57,468 (-28.4%), from €202,047 to €144,579
- Tax, wage and social debts +€35,566
up €35,566 (+216%), from €16,491 to €52,056
- Debts after one year -€12,164
down €12,164 (-70.0%), from €17,378 to €5,213
- Gross operating margin +€29,013
up €29,013 (+46.5%), from €62,400 to €91,414
- Taxes +€8,309
up €8,309 (+84.5%), from €9,833 to €18,142
- Other operating charges -€4,598
down €4,598 (-89.1%), from €5,162 to €564
- Depreciation -€1,523
down €1,523 (-11.7%), from €13,072 to €11,549
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 | €251,105 | €219,895 | -€31,210 | -12.4% |
| Fixed assets | 21/28 | €36,054 | €24,505 | -€11,549 | -32.0% |
| Tangible fixed assets | 22/27 | €36,054 | €24,505 | -€11,549 | -32.0% |
| Plant, machinery and equipment | 23 | €1,141 | €1,001 | -€140 | -12.3% |
| Furniture and vehicles | 24 | €34,846 | €23,504 | -€11,342 | -32.5% |
| Leasing and similar rights | 25 | €66 | - | -€66 | |
| Current assets | 29/58 | €215,051 | €195,390 | -€19,662 | -9.1% |
| Amounts receivable within one year | 40/41 | €74,836 | - | -€74,836 | |
| Other amounts receivable | 41 | €74,836 | - | -€74,836 | |
| Current investments | 50/53 | €84,250 | €117,250 | +€33,000 | +39.2% |
| Cash at bank and in hand | 54/58 | €55,965 | €78,140 | +€22,174 | +39.6% |
| Total equity and liabilities | 10/49 | €251,105 | €219,895 | -€31,210 | -12.4% |
| Equity | 10/15 | €205,547 | €148,079 | -€57,468 | -28.0% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,047 | €144,579 | -€57,468 | -28.4% |
| Amounts payable | 17/49 | €45,558 | €71,815 | +€26,258 | +57.6% |
| Amounts payable after more than one year | 17 | €17,378 | €5,213 | -€12,164 | -70.0% |
| Financial debts | 170/4 | €17,378 | €5,213 | -€12,164 | -70.0% |
| Amounts payable within one year | 42/48 | €28,180 | €66,602 | +€38,422 | +136% |
| Current portion of amounts payable after more than one year | 42 | €11,689 | €12,164 | +€475 | +4.1% |
| Taxes, remuneration and social security | 45 | €16,491 | €52,056 | +€35,566 | +216% |
| Taxes | 450/3 | €16,491 | €52,056 | +€35,566 | +216% |
| Other amounts payable | 47/48 | - | €2,381 | +€2,381 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,072 | €11,549 | -€1,523 | -11.7% |
| Other operating charges | 640/8 | €5,162 | €564 | -€4,598 | -89.1% |
| Gross operating margin | 9900 | €62,400 | €91,414 | +€29,013 | +46.5% |
| Operating profit (loss) | 9901 | €44,167 | €79,301 | +€35,134 | +79.5% |
| Financial charges | 65/66B | €2,021 | €1,127 | -€894 | -44.2% |
| Recurring financial charges | 65 | €2,021 | €1,127 | -€894 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €42,146 | €78,174 | +€36,027 | +85.5% |
| Income taxes | 67/77 | €9,833 | €18,142 | +€8,309 | +84.5% |
| Profit (loss) for the period | 9904 | €32,314 | €60,032 | +€27,718 | +85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,314 | €60,032 | +€27,718 | +85.8% |
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 28 October 2026 via checked.be.