N.C.P. IMMO: 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. IMMO
Largest movements
- Tangible fixed assets -€34,010
down €34,010 (-8.8%), from €386,327 to €352,317
of which Land and buildings: -€36,783
- Cash -€11,179
down €11,179 (-73.4%), from €15,234 to €4,055
mainly Debts after one year (-€18,396) and Net result for the year (-€11,396)
- Debts after one year -€18,396
down €18,396 (-14.2%), from €129,310 to €110,913
of which Financial debts: -€20,954
- Reserves -€15,157
down €15,157 (-7.5%), from €202,177 to €187,020
of which Tax-exempt reserves: -€15,157
- Other debts -€10,039
down €10,039 (-98.8%), from €10,165 to €126
- Provisions -€5,052
down €5,052 (-9.1%), from €55,574 to €50,522
- Gross operating margin -€14,674
down €14,674 (-32.2%), from €45,537 to €30,863
- Financial charges -€756
down €756 (-18.3%), from €4,134 to €3,378
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 | €402,261 | €357,072 | -€45,189 | -11.2% |
| Fixed assets | 21/28 | €386,327 | €352,317 | -€34,010 | -8.8% |
| Tangible fixed assets | 22/27 | €386,327 | €352,317 | -€34,010 | -8.8% |
| Land and buildings | 22 | €375,078 | €338,295 | -€36,783 | -9.8% |
| Plant, machinery and equipment | 23 | €11,249 | €14,022 | +€2,774 | +24.7% |
| Current assets | 29/58 | €15,934 | €4,755 | -€11,179 | -70.2% |
| Cash at bank and in hand | 54/58 | €15,234 | €4,055 | -€11,179 | -73.4% |
| Deferred charges and accrued income | 490/1 | €700 | €700 | = | 0.0% |
| Total equity and liabilities | 10/49 | €402,261 | €357,072 | -€45,189 | -11.2% |
| Equity | 10/15 | €185,583 | €174,187 | -€11,396 | -6.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €202,177 | €187,020 | -€15,157 | -7.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €166,722 | €151,566 | -€15,157 | -9.1% |
| Distributable reserves | 133 | €29,255 | €29,255 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,594 | -€74,834 | +€3,760 | +4.8% |
| Provisions and deferred taxes | 16 | €55,574 | €50,522 | -€5,052 | -9.1% |
| Deferred taxes | 168 | €55,574 | €50,522 | -€5,052 | -9.1% |
| Amounts payable | 17/49 | €161,104 | €132,364 | -€28,740 | -17.8% |
| Amounts payable after more than one year | 17 | €129,310 | €110,913 | -€18,396 | -14.2% |
| Financial debts | 170/4 | €127,310 | €106,355 | -€20,954 | -16.5% |
| Other amounts payable | 178/9 | €2,000 | €4,558 | +€2,558 | +128% |
| Amounts payable within one year | 42/48 | €31,004 | €21,451 | -€9,554 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €20,480 | €20,954 | +€474 | +2.3% |
| Trade debts | 44 | €359 | €370 | +€11 | +3.1% |
| Suppliers | 440/4 | €359 | €370 | +€11 | +3.1% |
| Other amounts payable | 47/48 | €10,165 | €126 | -€10,039 | -98.8% |
| Accrued charges and deferred income | 492/3 | €790 | - | -€790 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,432 | €38,780 | +€348 | +0.9% |
| Other operating charges | 640/8 | €5,418 | €5,189 | -€230 | -4.2% |
| Gross operating margin | 9900 | €45,537 | €30,863 | -€14,674 | -32.2% |
| Operating profit (loss) | 9901 | €1,686 | -€13,105 | -€14,791 | |
| Financial income | 75/76B | €4 | €37 | +€33 | +780% |
| Recurring financial income | 75 | €4 | €37 | +€33 | +780% |
| Financial charges | 65/66B | €4,134 | €3,378 | -€756 | -18.3% |
| Recurring financial charges | 65 | €4,134 | €3,378 | -€756 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,444 | -€16,447 | -€14,003 | -573% |
| Transfer from deferred taxes | 780 | €5,052 | €5,052 | = | 0.0% |
| Income taxes | 67/77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | €2,609 | -€11,396 | -€14,005 | |
| Transfer from tax-exempt reserves | 789 | €15,157 | €15,157 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,765 | €3,760 | -€14,005 | -78.8% |
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.