N.C. CONCEPT: what changed
What changed
N.C. CONCEPT
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€15,056
2025 · €15,817-€761
Equity
€143,097
2025 · €128,041+€15,056
Cash
-
not filed
Balance sheet total
€862,848
2025 · €897,727-€34,879
Largest movements
Assets
- Tangible fixed assets -€39,177
down €39,177 (-5.3%), from €732,318 to €693,142
Equity and liabilities
- Debts after one year -€65,201
down €65,201 (-12.8%), from €507,724 to €442,524
- Reserves +€15,056
up €15,056 (+15.3%), from €98,249 to €113,305
- Accrued charges and deferred income +€9,961
up €9,961 (+101%), from €9,856 to €19,817
Income statement
- Taxes +€1,822
up €1,822 (+28.5%), from €6,398 to €8,220
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€15,817
Gross operating margin
+€615
Other operating charges
-€74
Financial charges
+€520
Taxes
-€1,822
Result 2026
€15,056
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €897,727 | €862,848 | -€34,879 | -3.9% |
| Fixed assets | 21/28 | €891,694 | €852,518 | -€39,177 | -4.4% |
| Tangible fixed assets | 22/27 | €732,318 | €693,142 | -€39,177 | -5.3% |
| Land and buildings | 22 | €732,318 | €693,142 | -€39,177 | -5.3% |
| Financial fixed assets | 28 | €159,376 | €159,376 | = | 0.0% |
| Current assets | 29/58 | €6,033 | €10,331 | +€4,298 | +71.2% |
| Amounts receivable within one year | 40/41 | €1,102 | €6,829 | +€5,727 | +520% |
| Other amounts receivable | 41 | €1,102 | €6,829 | +€5,727 | +520% |
| Deferred charges and accrued income | 490/1 | €4,930 | €3,501 | -€1,429 | -29.0% |
| Total equity and liabilities | 10/49 | €897,727 | €862,848 | -€34,879 | -3.9% |
| Equity | 10/15 | €128,041 | €143,097 | +€15,056 | +11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €11,192 | €11,192 | = | 0.0% |
| Reserves | 13 | €98,249 | €113,305 | +€15,056 | +15.3% |
| Distributable reserves | 133 | €98,249 | €113,305 | +€15,056 | +15.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €25,000 | €25,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €25,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €744,686 | €694,751 | -€49,935 | -6.7% |
| Amounts payable after more than one year | 17 | €507,724 | €442,524 | -€65,201 | -12.8% |
| Financial debts | 170/4 | €507,724 | €442,524 | -€65,201 | -12.8% |
| Amounts payable within one year | 42/48 | €227,106 | €232,410 | +€5,304 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €63,923 | €65,201 | +€1,277 | +2.0% |
| Financial debts | 43 | €3,530 | €4,958 | +€1,428 | +40.4% |
| Credit institutions | 430/8 | €3,530 | €4,958 | +€1,428 | +40.4% |
| Trade debts | 44 | €1,953 | €4,845 | +€2,892 | +148% |
| Suppliers | 440/4 | €1,953 | €4,845 | +€2,892 | +148% |
| Taxes, remuneration and social security | 45 | €3,161 | €0 | -€3,161 | -100% |
| Taxes | 450/3 | €3,161 | €0 | -€3,161 | -100% |
| Other amounts payable | 47/48 | €154,538 | €157,406 | +€2,868 | +1.9% |
| Accrued charges and deferred income | 492/3 | €9,856 | €19,817 | +€9,961 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,177 | €39,177 | = | 0.0% |
| Other operating charges | 640/8 | €8,839 | €8,913 | +€74 | +0.8% |
| Gross operating margin | 9900 | €94,292 | €94,907 | +€615 | +0.7% |
| Operating profit (loss) | 9901 | €46,276 | €46,818 | +€542 | +1.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €24,062 | €23,541 | -€520 | -2.2% |
| Recurring financial charges | 65 | €24,062 | €23,541 | -€520 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €22,215 | €23,276 | +€1,062 | +4.8% |
| Income taxes | 67/77 | €6,398 | €8,220 | +€1,822 | +28.5% |
| Profit (loss) for the period | 9904 | €15,817 | €15,056 | -€761 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,817 | €15,056 | -€761 | -4.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.