N.C.B.: 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.B.
Largest movements
- Tangible fixed assets -€7,743
down €7,743 (-22.1%), from €34,983 to €27,241
- Cash +€5,084
up €5,084 (+656%), from €775 to €5,859
mainly Net result for the year (+€25,798) and Depreciation (+€8,841)
- Receivables within one year +€4,092
up €4,092 (+112%), from €3,658 to €7,750
of which Trade receivables: +€5,133
- Stocks and contracts -€2,368
down €2,368 (-27.1%), from €8,750 to €6,382
- Debts after one year -€28,085
down €28,085 (-10.3%), from €272,025 to €243,939
of which Other amounts payable: -€23,095
- Profit (loss) carried forward +€25,798
up €25,798 (+8.9%), from -€290,875 to -€265,077
- Trade debts +€584
up €584 (+39.9%), from €1,461 to €2,045
- Gross operating margin +€37,193
up €37,193, from -€328 to €36,865
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 | €48,325 | €47,232 | -€1,094 | -2.3% |
| Fixed assets | 21/28 | €34,983 | €27,241 | -€7,743 | -22.1% |
| Tangible fixed assets | 22/27 | €34,983 | €27,241 | -€7,743 | -22.1% |
| Furniture and vehicles | 24 | €34,983 | €27,241 | -€7,743 | -22.1% |
| Current assets | 29/58 | €13,342 | €19,991 | +€6,649 | +49.8% |
| Stocks and contracts in progress | 3 | €8,750 | €6,382 | -€2,368 | -27.1% |
| Stocks | 30/36 | €8,750 | €6,382 | -€2,368 | -27.1% |
| Amounts receivable within one year | 40/41 | €3,658 | €7,750 | +€4,092 | +112% |
| Trade receivables | 40 | €2,617 | €7,750 | +€5,133 | +196% |
| Other amounts receivable | 41 | €1,041 | - | -€1,041 | |
| Cash at bank and in hand | 54/58 | €775 | €5,859 | +€5,084 | +656% |
| Deferred charges and accrued income | 490/1 | €159 | - | -€159 | |
| Total equity and liabilities | 10/49 | €48,325 | €47,232 | -€1,094 | -2.3% |
| Equity | 10/15 | -€229,938 | -€204,140 | +€25,798 | +11.2% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €42,187 | €42,187 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,888 | €10,888 | = | 0.0% |
| Distributable reserves | 133 | €29,439 | €29,439 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€290,875 | -€265,077 | +€25,798 | +8.9% |
| Amounts payable | 17/49 | €278,263 | €251,371 | -€26,892 | -9.7% |
| Amounts payable after more than one year | 17 | €272,025 | €243,939 | -€28,085 | -10.3% |
| Financial debts | 170/4 | €15,649 | €10,659 | -€4,990 | -31.9% |
| Other amounts payable | 178/9 | €256,376 | €233,281 | -€23,095 | -9.0% |
| Amounts payable within one year | 42/48 | €6,238 | €7,432 | +€1,194 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €4,777 | €4,990 | +€213 | +4.5% |
| Trade debts | 44 | €1,461 | €2,045 | +€584 | +39.9% |
| Suppliers | 440/4 | €1,461 | €2,045 | +€584 | +39.9% |
| Taxes, remuneration and social security | 45 | - | €397 | +€397 | |
| Taxes | 450/3 | - | €397 | +€397 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,800 | €8,841 | +€41 | +0.5% |
| Other operating charges | 640/8 | €544 | €611 | +€68 | +12.4% |
| Gross operating margin | 9900 | -€328 | €36,865 | +€37,193 | |
| Operating profit (loss) | 9901 | -€9,672 | €27,412 | +€37,084 | |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €1,855 | €1,614 | -€242 | -13.0% |
| Recurring financial charges | 65 | €1,855 | €1,614 | -€242 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,523 | €25,798 | +€37,321 | |
| Profit (loss) for the period | 9904 | -€11,523 | €25,798 | +€37,321 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,523 | €25,798 | +€37,321 |
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 17 October 2026 via checked.be.