NTDS: 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.
NTDS
Largest movements
- Cash -€123,984
down €123,984 (-62.1%), from €199,601 to €75,617
mainly Contributions, distributions and other (-€292,141) and Tax, wage and social debts (-€14,426)
- Receivables within one year -€24,510
down €24,510 (-28.9%), from €84,744 to €60,234
of which Trade receivables: -€24,000
- Profit (loss) carried forward -€140,231
no longer reported in 2025 (was €140,231)
- Other debts +€81,911
new in 2025: €81,911
- Reserves -€75,301
no longer reported in 2025 (was €75,301)
- Tax, wage and social debts -€14,426
down €14,426 (-21.8%), from €66,128 to €51,702
of which Taxes: -€14,426
No income-statement line moved by more than 1% of the activity.
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 | €287,033 | €137,679 | -€149,354 | -52.0% |
| Fixed assets | 21/28 | €2,688 | €1,827 | -€861 | -32.0% |
| Tangible fixed assets | 22/27 | €2,688 | €1,827 | -€861 | -32.0% |
| Furniture and vehicles | 24 | €2,688 | €1,827 | -€861 | -32.0% |
| Current assets | 29/58 | €284,345 | €135,852 | -€148,493 | -52.2% |
| Amounts receivable within one year | 40/41 | €84,744 | €60,234 | -€24,510 | -28.9% |
| Trade receivables | 40 | €84,000 | €60,000 | -€24,000 | -28.6% |
| Other amounts receivable | 41 | €744 | €234 | -€510 | -68.5% |
| Cash at bank and in hand | 54/58 | €199,601 | €75,617 | -€123,984 | -62.1% |
| Total equity and liabilities | 10/49 | €287,033 | €137,679 | -€149,354 | -52.0% |
| Equity | 10/15 | €217,032 | €1,500 | -€215,532 | -99.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €75,301 | - | -€75,301 | |
| Distributable reserves | 133 | €75,301 | - | -€75,301 | |
| Profit (loss) carried forward | 14 | €140,231 | - | -€140,231 | |
| Amounts payable | 17/49 | €70,001 | €136,179 | +€66,177 | +94.5% |
| Amounts payable within one year | 42/48 | €69,988 | €136,179 | +€66,190 | +94.6% |
| Trade debts | 44 | €3,860 | €2,566 | -€1,294 | -33.5% |
| Suppliers | 440/4 | €3,860 | €2,566 | -€1,294 | -33.5% |
| Taxes, remuneration and social security | 45 | €66,128 | €51,702 | -€14,426 | -21.8% |
| Taxes | 450/3 | €63,533 | €49,107 | -€14,426 | -22.7% |
| Remuneration and social security | 454/9 | €2,595 | €2,595 | = | 0.0% |
| Other amounts payable | 47/48 | - | €81,911 | +€81,911 | |
| Accrued charges and deferred income | 492/3 | €13 | - | -€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €861 | €861 | = | 0.0% |
| Other operating charges | 640/8 | €555 | €697 | +€142 | +25.6% |
| Gross operating margin | 9900 | €98,383 | €99,016 | +€632 | +0.6% |
| Operating profit (loss) | 9901 | €96,968 | €97,458 | +€490 | +0.5% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €153 | €172 | +€19 | +12.4% |
| Recurring financial charges | 65 | €153 | €172 | +€19 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €96,823 | €97,286 | +€463 | +0.5% |
| Income taxes | 67/77 | €20,968 | €20,676 | -€293 | -1.4% |
| Profit (loss) for the period | 9904 | €75,854 | €76,610 | +€756 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,854 | €76,610 | +€756 | +1.0% |
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 5 October 2026 via checked.be.