ND3: what changed
ND3
Largest movements
- Receivables within one year +€124,174
up €124,174 (+28,411%), from €437 to €124,611
- Cash +€11,537
up €11,537 (+1,574%), from €733 to €12,270
mainly Trade debts (+€74,808) and Tax, wage and social debts (+€26,169)
- Trade debts +€74,808
up €74,808 (+5,159%), from €1,450 to €76,258
- Tax, wage and social debts +€26,169
new in 2025: €26,169
of which Taxes: +€18,210
- Other debts +€16,030
new in 2025: €16,030
- Profit (loss) carried forward +€12,304
up €12,304 (+94.6%), from €13,003 to €25,306
- Advances received +€6,400
new in 2025: €6,400
- Gross operating margin +€55,685
up €55,685, from -€5,021 to €50,664
- Staff costs +€30,137
up €30,137 (+1,898%), from €1,588 to €31,725
- Purchases and services -€21,975
no longer reported in 2025 (was €21,975)
- Turnover -€16,721
no longer reported in 2025 (was €16,721)
- Taxes +€4,800
up €4,800 (+47,999,900%), from €0 to €4,800
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,124 | €173,835 | +€135,711 | +356% |
| Current assets | 29/58 | €38,124 | €173,835 | +€135,711 | +356% |
| Amounts receivable after more than one year | 29 | €36,954 | €36,954 | = | 0.0% |
| Trade receivables | 290 | €36,954 | €36,954 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €437 | €124,611 | +€124,174 | +28,411% |
| Trade receivables | 40 | €437 | €124,611 | +€124,174 | +28,411% |
| Cash at bank and in hand | 54/58 | €733 | €12,270 | +€11,537 | +1,574% |
| Total equity and liabilities | 10/49 | €38,124 | €173,835 | +€135,711 | +356% |
| Equity | 10/15 | €36,674 | €48,978 | +€12,304 | +33.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €17,471 | €17,471 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,483 | €8,483 | = | 0.0% |
| Distributable reserves | 133 | €7,128 | €7,128 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,003 | €25,306 | +€12,304 | +94.6% |
| Amounts payable | 17/49 | €1,450 | €124,857 | +€123,407 | +8,511% |
| Amounts payable within one year | 42/48 | €1,450 | €124,857 | +€123,407 | +8,511% |
| Trade debts | 44 | €1,450 | €76,258 | +€74,808 | +5,159% |
| Suppliers | 440/4 | €1,450 | €76,258 | +€74,808 | +5,159% |
| Advances received on contracts in progress | 46 | - | €6,400 | +€6,400 | |
| Taxes, remuneration and social security | 45 | - | €26,169 | +€26,169 | |
| Taxes | 450/3 | - | €18,210 | +€18,210 | |
| Remuneration and social security | 454/9 | - | €7,959 | +€7,959 | |
| Other amounts payable | 47/48 | - | €16,030 | +€16,030 | |
| Turnover | 70 | €16,721 | - | -€16,721 | |
| Goods, raw materials, services and sundry goods | 60/61 | €21,975 | - | -€21,975 | |
| Remuneration, social security and pensions | 62 | €1,588 | €31,725 | +€30,137 | +1,898% |
| Other operating charges | 640/8 | €1,712 | €1,766 | +€54 | +3.2% |
| Gross operating margin | 9900 | -€5,021 | €50,664 | +€55,685 | |
| Operating profit (loss) | 9901 | -€8,321 | €17,173 | +€25,494 | |
| Financial charges | 65/66B | €152 | €69 | -€83 | -54.5% |
| Recurring financial charges | 65 | €152 | €69 | -€83 | -54.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,473 | €17,104 | +€25,577 | |
| Income taxes | 67/77 | €0 | €4,800 | +€4,800 | +47,999,900% |
| Profit (loss) for the period | 9904 | -€8,473 | €12,304 | +€20,777 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,473 | €12,304 | +€20,777 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.