N.C.A.S.: 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.
N.C.A.S.
Largest movements
- Receivables within one year +€18,367
up €18,367 (+127%), from €14,470 to €32,837
of which Trade receivables: +€16,295
- Tangible fixed assets -€3,185
down €3,185 (-74.1%), from €4,300 to €1,115
of which Plant, machinery and equipment: -€1,745
- Deferred charges and accrued income +€1,720
new in 2025: €1,720
- Profit (loss) carried forward +€13,360
up €13,360 (+91.9%), from €14,538 to €27,898
- Trade debts +€3,500
up €3,500 (+144%), from €2,422 to €5,922
- Gross operating margin -€7,168
down €7,168 (-24.2%), from €29,592 to €22,424
- Other operating charges -€2,376
down €2,376 (-67.7%), from €3,511 to €1,135
- Taxes -€1,593
down €1,593 (-31.4%), from €5,068 to €3,475
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 | €27,029 | €43,930 | +€16,901 | +62.5% |
| Fixed assets | 21/28 | €4,300 | €1,115 | -€3,185 | -74.1% |
| Tangible fixed assets | 22/27 | €4,300 | €1,115 | -€3,185 | -74.1% |
| Plant, machinery and equipment | 23 | €2,738 | €993 | -€1,745 | -63.7% |
| Furniture and vehicles | 24 | €1,562 | €122 | -€1,440 | -92.2% |
| Current assets | 29/58 | €22,729 | €42,815 | +€20,086 | +88.4% |
| Amounts receivable within one year | 40/41 | €14,470 | €32,837 | +€18,367 | +127% |
| Trade receivables | 40 | €10,617 | €26,912 | +€16,295 | +153% |
| Other amounts receivable | 41 | €3,853 | €5,925 | +€2,073 | +53.8% |
| Cash at bank and in hand | 54/58 | €8,259 | €8,257 | -€1 | 0.0% |
| Deferred charges and accrued income | 490/1 | - | €1,720 | +€1,720 | |
| Total equity and liabilities | 10/49 | €27,029 | €43,930 | +€16,901 | +62.5% |
| Equity | 10/15 | €19,538 | €32,898 | +€13,360 | +68.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,538 | €27,898 | +€13,360 | +91.9% |
| Amounts payable | 17/49 | €7,491 | €11,032 | +€3,542 | +47.3% |
| Amounts payable within one year | 42/48 | €7,491 | €11,032 | +€3,542 | +47.3% |
| Trade debts | 44 | €2,422 | €5,922 | +€3,500 | +144% |
| Suppliers | 440/4 | €2,422 | €5,922 | +€3,500 | +144% |
| Taxes, remuneration and social security | 45 | €5,068 | €5,110 | +€42 | +0.8% |
| Taxes | 450/3 | €5,068 | €5,110 | +€42 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,898 | €3,952 | +€53 | +1.4% |
| Other operating charges | 640/8 | €3,511 | €1,135 | -€2,376 | -67.7% |
| Non-recurring operating charges | 66A | €511 | €329 | -€182 | -35.6% |
| Gross operating margin | 9900 | €29,592 | €22,424 | -€7,168 | -24.2% |
| Operating profit (loss) | 9901 | €21,672 | €17,009 | -€4,663 | -21.5% |
| Financial income | 75/76B | €167 | - | -€167 | |
| Recurring financial income | 75 | €167 | - | -€167 | |
| Financial charges | 65/66B | €197 | €174 | -€23 | -11.8% |
| Recurring financial charges | 65 | €197 | €174 | -€23 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €21,642 | €16,835 | -€4,807 | -22.2% |
| Income taxes | 67/77 | €5,068 | €3,475 | -€1,593 | -31.4% |
| Profit (loss) for the period | 9904 | €16,574 | €13,360 | -€3,214 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,574 | €13,360 | -€3,214 | -19.4% |
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 29 October 2026 via checked.be.