N.C.C.: 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.C.
Largest movements
- Tangible fixed assets -€152,454
down €152,454 (-10.8%), from €1.4m to €1.3m
of which Land and buildings: -€115,079
- Receivables within one year +€71,424
new in 2025: €71,424
of which Trade receivables: +€44,980
- Cash +€35,839
up €35,839 (+145%), from €24,633 to €60,471
mainly Other debts (+€394,823) and Depreciation (+€186,344)
- Profit (loss) carried forward -€411,951
down €411,951 (-79.4%), from -€518,521 to -€930,471
- Other debts +€394,823
up €394,823 (+658%), from €60,000 to €454,823
- Tax, wage and social debts -€33,144
down €33,144 (-49.5%), from €66,893 to €33,749
of which Taxes: -€20,268
- Trade debts +€33,132
up €33,132 (+12.4%), from €266,736 to €299,869
- Investment grants -€26,480
down €26,480 (-30.9%), from €85,709 to €59,229
- Staff costs -€456,203
down €456,203 (-57.9%), from €788,434 to €332,231
- Gross operating margin -€331,082
down €331,082 (-71.7%), from €462,059 to €130,977
- Other operating charges +€37,901
up €37,901 (+1,153%), from €3,286 to €41,188
- Financial charges -€22,015
down €22,015 (-69.5%), from €31,660 to €9,644
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 | €1,687,249 | €1,653,686 | -€33,563 | -2.0% |
| Fixed assets | 21/28 | €1,657,304 | €1,511,471 | -€145,834 | -8.8% |
| Intangible fixed assets | 21 | €1,878 | €7,811 | +€5,933 | +316% |
| Tangible fixed assets | 22/27 | €1,409,006 | €1,256,553 | -€152,454 | -10.8% |
| Land and buildings | 22 | €1,161,290 | €1,046,212 | -€115,079 | -9.9% |
| Plant, machinery and equipment | 23 | €247,716 | €203,280 | -€44,435 | -17.9% |
| Furniture and vehicles | 24 | - | €137 | +€137 | |
| Other tangible fixed assets | 26 | - | €6,924 | +€6,924 | |
| Financial fixed assets | 28 | €246,420 | €247,107 | +€687 | +0.3% |
| Current assets | 29/58 | €29,945 | €142,216 | +€112,271 | +375% |
| Stocks and contracts in progress | 3 | - | €439 | +€439 | |
| Stocks | 30/36 | - | €439 | +€439 | |
| Amounts receivable within one year | 40/41 | - | €71,424 | +€71,424 | |
| Trade receivables | 40 | - | €44,980 | +€44,980 | |
| Other amounts receivable | 41 | - | €26,445 | +€26,445 | |
| Cash at bank and in hand | 54/58 | €24,633 | €60,471 | +€35,839 | +145% |
| Deferred charges and accrued income | 490/1 | €5,312 | €9,881 | +€4,568 | +86.0% |
| Total equity and liabilities | 10/49 | €1,687,249 | €1,653,686 | -€33,563 | -2.0% |
| Equity | 10/15 | €1,293,619 | €855,188 | -€438,431 | -33.9% |
| Contributions | 10/11 | €1,726,431 | €1,726,431 | = | 0.0% |
| Capital | 10 | €1,726,431 | €1,726,431 | = | 0.0% |
| Issued capital | 100 | €1,864,931 | €1,864,931 | = | 0.0% |
| Uncalled capital | 101 | €138,500 | €138,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€518,521 | -€930,471 | -€411,951 | -79.4% |
| Investment grants | 15 | €85,709 | €59,229 | -€26,480 | -30.9% |
| Amounts payable | 17/49 | €393,630 | €798,498 | +€404,868 | +103% |
| Amounts payable within one year | 42/48 | €393,630 | €798,498 | +€404,868 | +103% |
| Financial debts | 43 | €1 | €0 | -€1 | -100% |
| Credit institutions | 430/8 | - | €0 | = | |
| Other loans | 439 | €1 | - | -€1 | |
| Trade debts | 44 | €266,736 | €299,869 | +€33,132 | +12.4% |
| Suppliers | 440/4 | €266,736 | €299,869 | +€33,132 | +12.4% |
| Advances received on contracts in progress | 46 | - | €10,057 | +€10,057 | |
| Taxes, remuneration and social security | 45 | €66,893 | €33,749 | -€33,144 | -49.5% |
| Taxes | 450/3 | €25,469 | €5,201 | -€20,268 | -79.6% |
| Remuneration and social security | 454/9 | €41,424 | €28,548 | -€12,875 | -31.1% |
| Other amounts payable | 47/48 | €60,000 | €454,823 | +€394,823 | +658% |
| Non-recurring operating income | 76A | - | €1,835 | +€1,835 | |
| Remuneration, social security and pensions | 62 | €788,434 | €332,231 | -€456,203 | -57.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188,121 | €186,344 | -€1,776 | -0.9% |
| Other operating charges | 640/8 | €3,286 | €41,188 | +€37,901 | +1,153% |
| Gross operating margin | 9900 | €462,059 | €130,977 | -€331,082 | -71.7% |
| Operating profit (loss) | 9901 | -€517,783 | -€428,787 | +€88,996 | +17.2% |
| Financial income | 75/76B | €30,922 | €26,480 | -€4,441 | -14.4% |
| Recurring financial income | 75 | €30,922 | €26,480 | -€4,441 | -14.4% |
| Financial charges | 65/66B | €31,660 | €9,644 | -€22,015 | -69.5% |
| Recurring financial charges | 65 | €31,660 | €9,644 | -€22,015 | -69.5% |
| Profit (loss) for the period before taxes | 9903 | -€518,521 | -€411,951 | +€106,570 | +20.6% |
| Profit (loss) for the period | 9904 | -€518,521 | -€411,951 | +€106,570 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€518,521 | -€411,951 | +€106,570 | +20.6% |
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 16 October 2026 via checked.be.