NALCON Industrie: what changed
What changed
NALCON Industrie
NACE 25.530, Machining of metals
filed annual accounts (NBB)
Net result for the year
€32,634
2025 · €49,348-€16,713
Equity
€269,349
2025 · €423,558-€154,209
Cash
€74,757
2025 · €144,119-€69,362
Balance sheet total
€598,414
2025 · €799,599-€201,185
Largest movements
Assets
- Receivables within one year -€93,533
down €93,533 (-57.5%), from €162,595 to €69,063
of which Other amounts receivable: -€55,587
- Cash -€69,362
down €69,362 (-48.1%), from €144,119 to €74,757
mainly Contributions, distributions and other (-€186,843) and Trade debts (-€46,886)
- Tangible fixed assets -€51,501
down €51,501 (-10.6%), from €484,374 to €432,873
- Deferred charges and accrued income +€11,240
up €11,240 (+132%), from €8,510 to €19,751
Equity and liabilities
- Reserves -€154,209
down €154,209 (-56.5%), from €272,931 to €118,722
- Trade debts -€46,886
down €46,886 (-80.5%), from €58,241 to €11,355
- Other debts +€44,708
new in 2026: €44,708
- Debts after one year -€27,191
down €27,191 (-11.5%), from €236,288 to €209,097
- Current portion of long-term debt -€14,875
down €14,875 (-35.4%), from €42,066 to €27,191
Income statement
- Gross operating margin -€76,214
down €76,214 (-40.5%), from €188,232 to €112,017
- Staff costs -€44,507
down €44,507, from €44,252 to -€255
- Depreciation +€3,176
up €3,176 (+6.4%), from €49,785 to €52,962
- Taxes -€3,043
down €3,043 (-13.8%), from €22,118 to €19,076
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€49,348
Gross operating margin
-€76,214
Staff costs
+€44,507
Depreciation
-€3,176
Write-downs
+€1,300
Other operating charges
+€557
Other operating items
+€12,121
Financial income
+€394
Financial charges
+€756
Taxes
+€3,043
Result 2026
€32,634
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€162,978
Investment
-€3,432
Financing
-€228,909
Cash 2025
€144,119
From operations (derived)
+€162,978
Net result for the year
+€32,634
Depreciation
+€52,962
Receivables within one year
+€93,533
Deferred charges and accrued income
-€11,240
Trade debts
-€46,886
Tax, wage and social debts
-€2,470
Other debts
+€44,708
Accrued charges and deferred income
-€262
Investment (derived)
-€3,432
Investment in fixed assets (net)
-€3,432
Financing
-€228,909
Debts after one year
-€27,191
Current portion of long-term debt
-€14,875
Contributions, distributions and other
-€186,843
Cash 2026
€74,757
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €799,599 | €598,414 | -€201,185 | -25.2% |
| Fixed assets | 21/28 | €484,374 | €434,844 | -€49,530 | -10.2% |
| Intangible fixed assets | 21 | - | €1,971 | +€1,971 | |
| Tangible fixed assets | 22/27 | €484,374 | €432,873 | -€51,501 | -10.6% |
| Land and buildings | 22 | €354,371 | €329,069 | -€25,302 | -7.1% |
| Plant, machinery and equipment | 23 | €45,104 | €35,746 | -€9,358 | -20.7% |
| Furniture and vehicles | 24 | €37,473 | €27,785 | -€9,688 | -25.9% |
| Other tangible fixed assets | 26 | €47,426 | €40,273 | -€7,154 | -15.1% |
| Current assets | 29/58 | €315,225 | €163,570 | -€151,655 | -48.1% |
| Amounts receivable within one year | 40/41 | €162,595 | €69,063 | -€93,533 | -57.5% |
| Trade receivables | 40 | €106,364 | €68,418 | -€37,946 | -35.7% |
| Other amounts receivable | 41 | €56,232 | €645 | -€55,587 | -98.9% |
| Cash at bank and in hand | 54/58 | €144,119 | €74,757 | -€69,362 | -48.1% |
| Deferred charges and accrued income | 490/1 | €8,510 | €19,751 | +€11,240 | +132% |
| Total equity and liabilities | 10/49 | €799,599 | €598,414 | -€201,185 | -25.2% |
| Equity | 10/15 | €423,558 | €269,349 | -€154,209 | -36.4% |
| Contributions | 10/11 | €13,960 | €13,960 | = | 0.0% |
| Reserves | 13 | €272,931 | €118,722 | -€154,209 | -56.5% |
| Distributable reserves | 133 | €272,931 | €118,722 | -€154,209 | -56.5% |
| Profit (loss) carried forward | 14 | €136,668 | €136,668 | = | 0.0% |
| Amounts payable | 17/49 | €376,041 | €329,064 | -€46,976 | -12.5% |
| Amounts payable after more than one year | 17 | €236,288 | €209,097 | -€27,191 | -11.5% |
| Financial debts | 170/4 | €236,288 | €209,097 | -€27,191 | -11.5% |
| Amounts payable within one year | 42/48 | €139,490 | €119,968 | -€19,523 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €42,066 | €27,191 | -€14,875 | -35.4% |
| Trade debts | 44 | €58,241 | €11,355 | -€46,886 | -80.5% |
| Suppliers | 440/4 | €58,241 | €11,355 | -€46,886 | -80.5% |
| Taxes, remuneration and social security | 45 | €39,183 | €36,713 | -€2,470 | -6.3% |
| Taxes | 450/3 | €37,822 | €36,713 | -€1,109 | -2.9% |
| Remuneration and social security | 454/9 | €1,361 | €0 | -€1,361 | -100% |
| Other amounts payable | 47/48 | - | €44,708 | +€44,708 | |
| Accrued charges and deferred income | 492/3 | €262 | €0 | -€262 | -100% |
| Remuneration, social security and pensions | 62 | €44,252 | -€255 | -€44,507 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,785 | €52,962 | +€3,176 | +6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,300 | €0 | -€1,300 | -100% |
| Other operating charges | 640/8 | €5,316 | €4,758 | -€557 | -10.5% |
| Non-recurring operating charges | 66A | €12,121 | €0 | -€12,121 | -100% |
| Gross operating margin | 9900 | €188,232 | €112,017 | -€76,214 | -40.5% |
| Operating profit (loss) | 9901 | €75,457 | €54,552 | -€20,905 | -27.7% |
| Financial income | 75/76B | €2,534 | €2,928 | +€394 | +15.5% |
| Recurring financial income | 75 | €2,534 | €2,928 | +€394 | +15.5% |
| Financial charges | 65/66B | €6,525 | €5,770 | -€756 | -11.6% |
| Recurring financial charges | 65 | €6,525 | €5,770 | -€756 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €71,466 | €51,710 | -€19,756 | -27.6% |
| Income taxes | 67/77 | €22,118 | €19,076 | -€3,043 | -13.8% |
| Profit (loss) for the period | 9904 | €49,348 | €32,634 | -€16,713 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,348 | €32,634 | -€16,713 | -33.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.