N.C. & Co: 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. & Co
Largest movements
- Cash -€46,056
down €46,056 (-69.1%), from €66,665 to €20,609
mainly Investment in fixed assets (net) (-€41,990) and Net result for the year (-€10,660)
- Tangible fixed assets +€29,794
up €29,794 (+354%), from €8,420 to €38,214
of which Furniture and vehicles: +€33,592
- Stocks and contracts +€941
up €941 (+39.2%), from €2,400 to €3,341
- Reserves -€10,660
down €10,660 (-22.2%), from €48,081 to €37,421
of which Distributable reserves: -€10,660
- Tax, wage and social debts -€5,741
down €5,741 (-93.6%), from €6,136 to €395
- Debts after one year +€1,560
up €1,560 (+36.9%), from €4,224 to €5,784
- Gross operating margin -€11,089
down €11,089 (-76.1%), from €14,566 to €3,477
- Depreciation +€9,222
up €9,222 (+310%), from €2,974 to €12,196
- Taxes -€2,348
down €2,348 (-85.6%), from €2,743 to €395
- Other operating charges +€884
up €884 (+167%), from €531 to €1,415
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 | €78,057 | €63,233 | -€14,824 | -19.0% |
| Fixed assets | 21/28 | €8,420 | €38,214 | +€29,794 | +354% |
| Tangible fixed assets | 22/27 | €8,420 | €38,214 | +€29,794 | +354% |
| Plant, machinery and equipment | 23 | €8,420 | €4,622 | -€3,798 | -45.1% |
| Furniture and vehicles | 24 | - | €33,592 | +€33,592 | |
| Current assets | 29/58 | €69,638 | €25,019 | -€44,618 | -64.1% |
| Stocks and contracts in progress | 3 | €2,400 | €3,341 | +€941 | +39.2% |
| Stocks | 30/36 | €2,400 | €3,341 | +€941 | +39.2% |
| Amounts receivable within one year | 40/41 | - | €443 | +€443 | |
| Other amounts receivable | 41 | - | €443 | +€443 | |
| Cash at bank and in hand | 54/58 | €66,665 | €20,609 | -€46,056 | -69.1% |
| Deferred charges and accrued income | 490/1 | €573 | €627 | +€54 | +9.4% |
| Total equity and liabilities | 10/49 | €78,057 | €63,233 | -€14,824 | -19.0% |
| Equity | 10/15 | €66,681 | €56,021 | -€10,660 | -16.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,081 | €37,421 | -€10,660 | -22.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €46,221 | €35,561 | -€10,660 | -23.1% |
| Amounts payable | 17/49 | €11,376 | €7,212 | -€4,164 | -36.6% |
| Amounts payable after more than one year | 17 | €4,224 | €5,784 | +€1,560 | +36.9% |
| Other amounts payable | 178/9 | €4,224 | €5,784 | +€1,560 | +36.9% |
| Amounts payable within one year | 42/48 | €7,152 | €1,428 | -€5,724 | -80.0% |
| Trade debts | 44 | €1,016 | €1,033 | +€17 | +1.7% |
| Suppliers | 440/4 | €1,016 | €1,033 | +€17 | +1.7% |
| Taxes, remuneration and social security | 45 | €6,136 | €395 | -€5,741 | -93.6% |
| Taxes | 450/3 | €6,136 | €395 | -€5,741 | -93.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,974 | €12,196 | +€9,222 | +310% |
| Other operating charges | 640/8 | €531 | €1,415 | +€884 | +167% |
| Gross operating margin | 9900 | €14,566 | €3,477 | -€11,089 | -76.1% |
| Operating profit (loss) | 9901 | €11,061 | -€10,134 | -€21,195 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €86 | €131 | +€44 | +51.1% |
| Recurring financial charges | 65 | €86 | €131 | +€44 | +51.1% |
| Profit (loss) for the period before taxes | 9903 | €10,975 | -€10,265 | -€21,240 | |
| Income taxes | 67/77 | €2,743 | €395 | -€2,348 | -85.6% |
| Profit (loss) for the period | 9904 | €8,232 | -€10,660 | -€18,892 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,232 | -€10,660 | -€18,892 |
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 15 October 2026 via checked.be.