N.Q.C.: 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.Q.C.
Largest movements
- Receivables within one year -€4,542
down €4,542 (-84.4%), from €5,383 to €841
of which Trade receivables: -€4,430
- Tangible fixed assets -€405
down €405 (-44.3%), from €914 to €509
- Cash -€279
down €279 (-88.0%), from €317 to €38
mainly Other debts (-€3,459) and Net result for the year (-€1,325)
- Other debts -€3,459
down €3,459 (-39.0%), from €8,870 to €5,411
- Profit (loss) carried forward -€1,325
down €1,325 (-18.1%), from -€7,336 to -€8,661
- Trade debts -€313
down €313 (-37.7%), from €830 to €517
- Tax, wage and social debts -€129
down €129 (-10.3%), from €1,250 to €1,121
of which Remuneration and social security: -€1,195
- Gross operating margin -€59,536
down €59,536, from €57,191 to -€2,345
- Staff costs -€35,818
down €35,818, from €34,260 to -€1,558
- Other operating charges -€797
no longer reported in 2025 (was €797)
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 | €6,614 | €1,388 | -€5,226 | -79.0% |
| Fixed assets | 21/28 | €914 | €509 | -€405 | -44.3% |
| Tangible fixed assets | 22/27 | €914 | €509 | -€405 | -44.3% |
| Plant, machinery and equipment | 23 | €914 | €509 | -€405 | -44.3% |
| Current assets | 29/58 | €5,700 | €879 | -€4,821 | -84.6% |
| Amounts receivable within one year | 40/41 | €5,383 | €841 | -€4,542 | -84.4% |
| Trade receivables | 40 | €4,430 | - | -€4,430 | |
| Other amounts receivable | 41 | €953 | €841 | -€112 | -11.8% |
| Cash at bank and in hand | 54/58 | €317 | €38 | -€279 | -88.0% |
| Total equity and liabilities | 10/49 | €6,614 | €1,388 | -€5,226 | -79.0% |
| Equity | 10/15 | -€4,336 | -€5,661 | -€1,325 | -30.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,336 | -€8,661 | -€1,325 | -18.1% |
| Amounts payable | 17/49 | €10,950 | €7,049 | -€3,901 | -35.6% |
| Amounts payable within one year | 42/48 | €10,950 | €7,049 | -€3,901 | -35.6% |
| Trade debts | 44 | €830 | €517 | -€313 | -37.7% |
| Suppliers | 440/4 | €830 | €517 | -€313 | -37.7% |
| Taxes, remuneration and social security | 45 | €1,250 | €1,121 | -€129 | -10.3% |
| Taxes | 450/3 | €55 | €1,121 | +€1,066 | +1,938% |
| Remuneration and social security | 454/9 | €1,195 | - | -€1,195 | |
| Other amounts payable | 47/48 | €8,870 | €5,411 | -€3,459 | -39.0% |
| Remuneration, social security and pensions | 62 | €34,260 | -€1,558 | -€35,818 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €682 | €405 | -€277 | -40.6% |
| Other operating charges | 640/8 | €797 | - | -€797 | |
| Non-recurring operating charges | 66A | €2 | - | -€2 | |
| Gross operating margin | 9900 | €57,191 | -€2,345 | -€59,536 | |
| Operating profit (loss) | 9901 | €21,450 | -€1,192 | -€22,642 | |
| Financial charges | 65/66B | €415 | €133 | -€282 | -68.0% |
| Recurring financial charges | 65 | €415 | €133 | -€282 | -68.0% |
| Profit (loss) for the period before taxes | 9903 | €21,035 | -€1,325 | -€22,360 | |
| Profit (loss) for the period | 9904 | €21,035 | -€1,325 | -€22,360 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,035 | -€1,325 | -€22,360 |
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 22 October 2026 via checked.be.