NuDe Management: 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.
NuDe Management
Largest movements
- Cash -€77,449
down €77,449 (-73.7%), from €105,074 to €27,625
mainly Contributions, distributions and other (-€119,271) and Current investments (-€44,650)
- Current investments +€44,650
new in 2025: €44,650
- Receivables after one year -€32,164
down €32,164 (-61.7%), from €52,164 to €20,000
- Receivables within one year +€23,208
up €23,208 (+50.5%), from €45,922 to €69,130
of which Other amounts receivable: +€19,159
- Tangible fixed assets -€11,418
down €11,418 (-9.6%), from €119,359 to €107,941
of which Furniture and vehicles: -€10,030
- Reserves -€55,177
down €55,177 (-18.8%), from €294,249 to €239,072
- Other debts -€5,896
down €5,896 (-67.6%), from €8,725 to €2,829
- Tax, wage and social debts +€5,316
up €5,316 (+33.4%), from €15,931 to €21,247
of which Taxes: +€7,344
- Gross operating margin +€24,977
up €24,977 (+31.7%), from €78,876 to €103,854
- Depreciation +€11,565
up €11,565 (+173%), from €6,667 to €18,232
- Taxes +€4,299
up €4,299 (+20.7%), from €20,817 to €25,116
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 | €326,277 | €271,796 | -€54,481 | -16.7% |
| Fixed assets | 21/28 | €119,359 | €107,941 | -€11,418 | -9.6% |
| Tangible fixed assets | 22/27 | €119,359 | €107,941 | -€11,418 | -9.6% |
| Furniture and vehicles | 24 | €46,462 | €36,432 | -€10,030 | -21.6% |
| Other tangible fixed assets | 26 | €72,898 | €71,509 | -€1,388 | -1.9% |
| Current assets | 29/58 | €206,918 | €163,855 | -€43,062 | -20.8% |
| Amounts receivable after more than one year | 29 | €52,164 | €20,000 | -€32,164 | -61.7% |
| Other amounts receivable | 291 | €52,164 | €20,000 | -€32,164 | -61.7% |
| Amounts receivable within one year | 40/41 | €45,922 | €69,130 | +€23,208 | +50.5% |
| Trade receivables | 40 | €30,016 | €34,065 | +€4,049 | +13.5% |
| Other amounts receivable | 41 | €15,906 | €35,065 | +€19,159 | +120% |
| Current investments | 50/53 | - | €44,650 | +€44,650 | |
| Cash at bank and in hand | 54/58 | €105,074 | €27,625 | -€77,449 | -73.7% |
| Deferred charges and accrued income | 490/1 | €3,759 | €2,449 | -€1,309 | -34.8% |
| Total equity and liabilities | 10/49 | €326,277 | €271,796 | -€54,481 | -16.7% |
| Equity | 10/15 | €300,449 | €245,272 | -€55,177 | -18.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €294,249 | €239,072 | -€55,177 | -18.8% |
| Distributable reserves | 133 | €294,249 | €239,072 | -€55,177 | -18.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €25,828 | €26,524 | +€697 | +2.7% |
| Amounts payable within one year | 42/48 | €25,828 | €26,524 | +€697 | +2.7% |
| Financial debts | 43 | - | €198 | +€198 | |
| Credit institutions | 430/8 | - | €198 | +€198 | |
| Trade debts | 44 | €1,171 | €2,250 | +€1,079 | +92.1% |
| Suppliers | 440/4 | €1,171 | €2,250 | +€1,079 | +92.1% |
| Taxes, remuneration and social security | 45 | €15,931 | €21,247 | +€5,316 | +33.4% |
| Taxes | 450/3 | €13,903 | €21,247 | +€7,344 | +52.8% |
| Remuneration and social security | 454/9 | €2,028 | €0 | -€2,028 | -100% |
| Other amounts payable | 47/48 | €8,725 | €2,829 | -€5,896 | -67.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,667 | €18,232 | +€11,565 | +173% |
| Other operating charges | 640/8 | €967 | €650 | -€317 | -32.8% |
| Gross operating margin | 9900 | €78,876 | €103,854 | +€24,977 | +31.7% |
| Operating profit (loss) | 9901 | €71,242 | €84,972 | +€13,730 | +19.3% |
| Financial income | 75/76B | €5,098 | €4,585 | -€513 | -10.1% |
| Recurring financial income | 75 | €5,098 | €4,585 | -€513 | -10.1% |
| Financial charges | 65/66B | €32 | €347 | +€315 | +969% |
| Recurring financial charges | 65 | €32 | €347 | +€315 | +969% |
| Profit (loss) for the period before taxes | 9903 | €76,307 | €89,209 | +€12,902 | +16.9% |
| Income taxes | 67/77 | €20,817 | €25,116 | +€4,299 | +20.7% |
| Profit (loss) for the period | 9904 | €55,491 | €64,094 | +€8,603 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,491 | €64,094 | +€8,603 | +15.5% |
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 27 October 2026 via checked.be.