NYDE: 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.
NYDE
Largest movements
- Tangible fixed assets +€123,430
up €123,430 (+29.5%), from €418,170 to €541,600
of which Land and buildings: +€108,019
- Receivables within one year -€10,244
down €10,244 (-66.4%), from €15,427 to €5,183
of which Other amounts receivable: -€10,020
- Cash -€10,059
down €10,059 (-30.1%), from €33,452 to €23,394
mainly Investment in fixed assets (net) (-€155,164) and Trade debts (-€44,820)
- Debts after one year +€137,803
up €137,803 (+60.1%), from €229,366 to €367,169
- Trade debts -€44,820
down €44,820 (-91.6%), from €48,930 to €4,110
- Current portion of long-term debt +€18,651
up €18,651 (+137%), from €13,594 to €32,245
- Short-term financial debts -€8,000
no longer reported in 2025 (was €8,000)
- Tax, wage and social debts +€6,873
up €6,873 (+1,226%), from €561 to €7,434
of which Taxes: +€7,434
- Gross operating margin -€111,576
down €111,576 (-70.2%), from €158,904 to €47,329
- Write-downs -€36,000
no longer reported in 2025 (was €36,000)
- Taxes -€15,777
no longer reported in 2025 (was €15,777)
- Depreciation +€10,253
up €10,253 (+47.7%), from €21,481 to €31,734
- Staff costs -€5,178
down €5,178 (-77.4%), from €6,690 to €1,512
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 | €487,941 | €591,616 | +€103,675 | +21.2% |
| Fixed assets | 21/28 | €418,404 | €541,834 | +€123,430 | +29.5% |
| Tangible fixed assets | 22/27 | €418,170 | €541,600 | +€123,430 | +29.5% |
| Land and buildings | 22 | €371,977 | €479,996 | +€108,019 | +29.0% |
| Plant, machinery and equipment | 23 | €15,474 | €16,109 | +€636 | +4.1% |
| Furniture and vehicles | 24 | €4,932 | €24,385 | +€19,453 | +394% |
| Other tangible fixed assets | 26 | €25,787 | €21,110 | -€4,678 | -18.1% |
| Financial fixed assets | 28 | €234 | €234 | = | 0.0% |
| Current assets | 29/58 | €69,537 | €49,782 | -€19,755 | -28.4% |
| Stocks and contracts in progress | 3 | €18,772 | €20,013 | +€1,241 | +6.6% |
| Stocks | 30/36 | €18,772 | €20,013 | +€1,241 | +6.6% |
| Amounts receivable within one year | 40/41 | €15,427 | €5,183 | -€10,244 | -66.4% |
| Trade receivables | 40 | €684 | €460 | -€224 | -32.8% |
| Other amounts receivable | 41 | €14,743 | €4,723 | -€10,020 | -68.0% |
| Cash at bank and in hand | 54/58 | €33,452 | €23,394 | -€10,059 | -30.1% |
| Deferred charges and accrued income | 490/1 | €1,886 | €1,193 | -€694 | -36.8% |
| Total equity and liabilities | 10/49 | €487,941 | €591,616 | +€103,675 | +21.2% |
| Equity | 10/15 | €131,242 | €128,379 | -€2,862 | -2.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,042 | €122,179 | -€2,862 | -2.3% |
| Amounts payable | 17/49 | €356,699 | €463,237 | +€106,538 | +29.9% |
| Amounts payable after more than one year | 17 | €229,366 | €367,169 | +€137,803 | +60.1% |
| Financial debts | 170/4 | €229,366 | €367,169 | +€137,803 | +60.1% |
| Amounts payable within one year | 42/48 | €126,969 | €95,890 | -€31,079 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €13,594 | €32,245 | +€18,651 | +137% |
| Financial debts | 43 | €8,000 | - | -€8,000 | |
| Credit institutions | 430/8 | €8,000 | - | -€8,000 | |
| Trade debts | 44 | €48,930 | €4,110 | -€44,820 | -91.6% |
| Suppliers | 440/4 | €48,930 | €4,110 | -€44,820 | -91.6% |
| Advances received on contracts in progress | 46 | €14,803 | €13,829 | -€974 | -6.6% |
| Taxes, remuneration and social security | 45 | €561 | €7,434 | +€6,873 | +1,226% |
| Taxes | 450/3 | - | €7,434 | +€7,434 | |
| Remuneration and social security | 454/9 | €561 | - | -€561 | |
| Other amounts payable | 47/48 | €41,082 | €38,273 | -€2,810 | -6.8% |
| Accrued charges and deferred income | 492/3 | €365 | €178 | -€187 | -51.2% |
| Non-recurring operating income | 76A | €45,000 | - | -€45,000 | |
| Remuneration, social security and pensions | 62 | €6,690 | €1,512 | -€5,178 | -77.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,481 | €31,734 | +€10,253 | +47.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €36,000 | - | -€36,000 | |
| Other operating charges | 640/8 | €2,681 | €2,678 | -€3 | -0.1% |
| Gross operating margin | 9900 | €158,904 | €47,329 | -€111,576 | -70.2% |
| Operating profit (loss) | 9901 | €92,053 | €11,405 | -€80,648 | -87.6% |
| Financial income | 75/76B | €1,303 | €1,089 | -€215 | -16.5% |
| Recurring financial income | 75 | €1,303 | €1,089 | -€215 | -16.5% |
| Financial charges | 65/66B | €10,791 | €15,356 | +€4,565 | +42.3% |
| Recurring financial charges | 65 | €10,791 | €15,356 | +€4,565 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | €82,565 | -€2,862 | -€85,427 | |
| Income taxes | 67/77 | €15,777 | - | -€15,777 | |
| Profit (loss) for the period | 9904 | €66,788 | -€2,862 | -€69,650 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,788 | -€2,862 | -€69,650 |
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 14 October 2026 via checked.be.