N.C. PROJECTS: 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. PROJECTS
Largest movements
- Stocks and contracts +€302,478
up €302,478 (+218.3%), from €138,588 to €441,067
- Cash -€7,225
down €7,225 (-26.5%), from €27,220 to €19,995
mainly Stocks and contracts (-€302,478) and Net result for the year (-€35,703)
- Receivables within one year +€5,227
up €5,227 (+92.2%), from €5,668 to €10,894
- Debts after one year +€277,349
up €277,349 (+226.1%), from €122,651 to €400,000
- Other debts +€59,704
up €59,704 (+103.8%), from €57,497 to €117,201
- Profit (loss) carried forward -€35,703
down €35,703 (-48.0%), from -€74,312 to -€110,015
- Financial charges +€12,755
up €12,755 (+570.5%), from €2,236 to €14,991
- Gross operating margin -€5,844
down €5,844 (-41.6%), from -€14,052 to -€19,896
- Other operating charges +€208
up €208 (+34.3%), from €608 to €816
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.
Cash bridge derived
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 | €171,620 | €472,105 | +€300,485 | +175.1% |
| Current assets | 29/58 | €171,620 | €472,105 | +€300,485 | +175.1% |
| Stocks and contracts in progress | 3 | €138,588 | €441,067 | +€302,478 | +218.3% |
| Stocks | 30/36 | €138,588 | €441,067 | +€302,478 | +218.3% |
| Amounts receivable within one year | 40/41 | €5,668 | €10,894 | +€5,227 | +92.2% |
| Other amounts receivable | 41 | €5,668 | €10,894 | +€5,227 | +92.2% |
| Cash at bank and in hand | 54/58 | €27,220 | €19,995 | -€7,225 | -26.5% |
| Deferred charges and accrued income | 490/1 | €144 | €149 | +€5 | +3.4% |
| Total equity and liabilities | 10/49 | €171,620 | €472,105 | +€300,485 | +175.1% |
| Equity | 10/15 | -€22,312 | -€58,015 | -€35,703 | -160.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,312 | -€110,015 | -€35,703 | -48.0% |
| Amounts payable | 17/49 | €193,933 | €530,121 | +€336,188 | +173.4% |
| Amounts payable after more than one year | 17 | €122,651 | €400,000 | +€277,349 | +226.1% |
| Financial debts | 170/4 | €122,651 | €400,000 | +€277,349 | +226.1% |
| Amounts payable within one year | 42/48 | €71,218 | €130,121 | +€58,903 | +82.7% |
| Trade debts | 44 | €13,721 | €12,920 | -€801 | -5.8% |
| Suppliers | 440/4 | €13,721 | €12,920 | -€801 | -5.8% |
| Other amounts payable | 47/48 | €57,497 | €117,201 | +€59,704 | +103.8% |
| Accrued charges and deferred income | 492/3 | €64 | - | -€64 | |
| Other operating charges | 640/8 | €608 | €816 | +€208 | +34.3% |
| Gross operating margin | 9900 | -€14,052 | -€19,896 | -€5,844 | -41.6% |
| Operating profit (loss) | 9901 | -€14,659 | -€20,712 | -€6,053 | -41.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +65.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +65.0% |
| Financial charges | 65/66B | €2,236 | €14,991 | +€12,755 | +570.5% |
| Recurring financial charges | 65 | €2,236 | €14,991 | +€12,755 | +570.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,895 | -€35,703 | -€18,808 | -111.3% |
| Profit (loss) for the period | 9904 | -€16,895 | -€35,703 | -€18,808 | -111.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,895 | -€35,703 | -€18,808 | -111.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.