N.C.N.M.: 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.N.M.
Largest movements
- Receivables within one year -€2,226
down €2,226 (-99.8%), from €2,230 to €4
- Cash -€206
down €206 (-90.4%), from €227 to €22
- Other debts -€8,815
down €8,815 (-22.6%), from €39,080 to €30,265
- Profit (loss) carried forward +€7,444
up €7,444 (+16.0%), from -€46,498 to -€39,053
- Trade debts -€635
down €635 (-45.7%), from €1,390 to €755
- Tax, wage and social debts -€426
no longer reported in 2025 (was €426)
- Write-downs -€6,396
no longer reported in 2025 (was €6,396)
- Gross operating margin -€3,143
down €3,143 (-83.7%), from €3,755 to €612
- Financial charges -€591
down €591 (-85.3%), from €693 to €102
of which Non-recurring financial charges: -€490
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,457 | €26 | -€2,431 | -98.9% |
| Current assets | 29/58 | €2,457 | €26 | -€2,431 | -98.9% |
| Amounts receivable within one year | 40/41 | €2,230 | €4 | -€2,226 | -99.8% |
| Trade receivables | 40 | €2,230 | €4 | -€2,226 | -99.8% |
| Cash at bank and in hand | 54/58 | €227 | €22 | -€206 | -90.4% |
| Total equity and liabilities | 10/49 | €2,457 | €26 | -€2,431 | -98.9% |
| Equity | 10/15 | -€38,438 | -€30,993 | +€7,444 | +19.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,498 | -€39,053 | +€7,444 | +16.0% |
| Amounts payable | 17/49 | €40,895 | €31,019 | -€9,876 | -24.1% |
| Amounts payable within one year | 42/48 | €40,895 | €31,019 | -€9,876 | -24.1% |
| Trade debts | 44 | €1,390 | €755 | -€635 | -45.7% |
| Suppliers | 440/4 | €1,390 | €755 | -€635 | -45.7% |
| Taxes, remuneration and social security | 45 | €426 | - | -€426 | |
| Taxes | 450/3 | €426 | - | -€426 | |
| Other amounts payable | 47/48 | €39,080 | €30,265 | -€8,815 | -22.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,396 | - | -€6,396 | |
| Other operating charges | 640/8 | €44 | €44 | = | 0.0% |
| Gross operating margin | 9900 | €3,755 | €612 | -€3,143 | -83.7% |
| Operating profit (loss) | 9901 | -€2,685 | €568 | +€3,252 | |
| Financial charges | 65/66B | €693 | €102 | -€591 | -85.3% |
| Recurring financial charges | 65 | €203 | €102 | -€102 | -50.1% |
| Non-recurring financial charges | 66B | €490 | - | -€490 | |
| Profit (loss) for the period before taxes | 9903 | -€3,378 | €466 | +€3,844 | |
| Profit (loss) for the period | 9904 | -€3,378 | €466 | +€3,844 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,378 | €466 | +€3,844 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.