N.C.P.: 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.P.
Largest movements
- Cash +€61,172
up €61,172 (+1,308%), from €4,676 to €65,848
mainly Other debts (+€68,486) and Net result for the year (+€23,705)
- Stocks and contracts +€21,847
up €21,847 (+3.5%), from €624,727 to €646,574
- Tangible fixed assets +€13,295
up €13,295 (+99.8%), from €13,320 to €26,615
- Other debts +€68,486
up €68,486 (+24.8%), from €276,058 to €344,544
- Reserves +€23,705
up €23,705 (+7.5%), from €315,801 to €339,506
of which Distributable reserves: +€23,705
- Gross operating margin +€61,324
up €61,324, from -€2,452 to €58,872
- Depreciation +€4,964
up €4,964 (+86.5%), from €5,740 to €10,704
- Taxes +€2,436
up €2,436 (+2,067%), from €118 to €2,554
- Other operating charges +€1,031
up €1,031 (+100%), from €1,027 to €2,057
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 | €655,918 | €752,231 | +€96,313 | +14.7% |
| Fixed assets | 21/28 | €13,320 | €26,615 | +€13,295 | +99.8% |
| Tangible fixed assets | 22/27 | €13,320 | €26,615 | +€13,295 | +99.8% |
| Furniture and vehicles | 24 | €13,320 | €26,615 | +€13,295 | +99.8% |
| Current assets | 29/58 | €642,598 | €725,617 | +€83,019 | +12.9% |
| Stocks and contracts in progress | 3 | €624,727 | €646,574 | +€21,847 | +3.5% |
| Stocks | 30/36 | €624,727 | €646,574 | +€21,847 | +3.5% |
| Amounts receivable within one year | 40/41 | €13,195 | €13,195 | = | 0.0% |
| Other amounts receivable | 41 | €13,195 | €13,195 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,676 | €65,848 | +€61,172 | +1,308% |
| Total equity and liabilities | 10/49 | €655,918 | €752,231 | +€96,313 | +14.7% |
| Equity | 10/15 | €377,801 | €401,506 | +€23,705 | +6.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €315,801 | €339,506 | +€23,705 | +7.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €309,601 | €333,306 | +€23,705 | +7.7% |
| Amounts payable | 17/49 | €278,117 | €350,725 | +€72,608 | +26.1% |
| Amounts payable within one year | 42/48 | €278,117 | €350,725 | +€72,608 | +26.1% |
| Trade debts | 44 | €1,941 | €3,630 | +€1,689 | +87.0% |
| Suppliers | 440/4 | €1,941 | €3,630 | +€1,689 | +87.0% |
| Taxes, remuneration and social security | 45 | €118 | €2,551 | +€2,433 | +2,065% |
| Taxes | 450/3 | €118 | €2,551 | +€2,433 | +2,065% |
| Other amounts payable | 47/48 | €276,058 | €344,544 | +€68,486 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,740 | €10,704 | +€4,964 | +86.5% |
| Other operating charges | 640/8 | €1,027 | €2,057 | +€1,031 | +100% |
| Gross operating margin | 9900 | -€2,452 | €58,872 | +€61,324 | |
| Operating profit (loss) | 9901 | -€9,218 | €46,111 | +€55,329 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €19,820 | €19,852 | +€32 | +0.2% |
| Recurring financial charges | 65 | €19,820 | €19,852 | +€32 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | -€29,038 | €26,259 | +€55,297 | |
| Income taxes | 67/77 | €118 | €2,554 | +€2,436 | +2,067% |
| Profit (loss) for the period | 9904 | -€29,156 | €23,705 | +€52,861 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,156 | €23,705 | +€52,861 |
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 13 October 2026 via checked.be.