NatCoFisc: 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.
NatCoFisc
Largest movements
- Receivables within one year +€76,273
up €76,273 (+82.7%), from €92,266 to €168,538
of which Trade receivables: +€96,598
- Cash +€40,410
up €40,410 (+53.8%), from €75,098 to €115,509
mainly Net result for the year (+€112,799) and Depreciation (+€36,814)
- Tangible fixed assets +€20,320
up €20,320 (+20.2%), from €100,823 to €121,142
of which Furniture and vehicles: +€34,049
- Profit (loss) carried forward +€112,799
up €112,799 (+67.9%), from €166,007 to €278,806
- Other debts -€26,270
no longer reported in 2025 (was €26,270)
- Debts after one year +€19,457
up €19,457 (+64.9%), from €29,984 to €49,441
- Tax, wage and social debts +€17,928
up €17,928 (+63.0%), from €28,462 to €46,390
- Current portion of long-term debt +€9,125
up €9,125 (+91.6%), from €9,960 to €19,085
- Gross operating margin +€43,778
up €43,778 (+30.9%), from €141,486 to €185,264
- Taxes +€9,613
up €9,613 (+38.9%), from €24,742 to €34,355
- Depreciation +€8,987
up €8,987 (+32.3%), from €27,827 to €36,814
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 | €271,545 | €411,246 | +€139,701 | +51.4% |
| Fixed assets | 21/28 | €100,823 | €121,142 | +€20,320 | +20.2% |
| Tangible fixed assets | 22/27 | €100,823 | €121,142 | +€20,320 | +20.2% |
| Plant, machinery and equipment | 23 | €5,919 | €3,923 | -€1,996 | -33.7% |
| Furniture and vehicles | 24 | €58,033 | €92,082 | +€34,049 | +58.7% |
| Leasing and similar rights | 25 | €36,871 | €25,138 | -€11,733 | -31.8% |
| Current assets | 29/58 | €170,722 | €290,104 | +€119,381 | +69.9% |
| Amounts receivable within one year | 40/41 | €92,266 | €168,538 | +€76,273 | +82.7% |
| Trade receivables | 40 | €2,266 | €98,863 | +€96,598 | +4,264% |
| Other amounts receivable | 41 | €90,000 | €69,675 | -€20,325 | -22.6% |
| Cash at bank and in hand | 54/58 | €75,098 | €115,509 | +€40,410 | +53.8% |
| Deferred charges and accrued income | 490/1 | €3,358 | €6,057 | +€2,698 | +80.4% |
| Total equity and liabilities | 10/49 | €271,545 | €411,246 | +€139,701 | +51.4% |
| Equity | 10/15 | €168,507 | €281,306 | +€112,799 | +66.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €166,007 | €278,806 | +€112,799 | +67.9% |
| Amounts payable | 17/49 | €103,038 | €129,940 | +€26,902 | +26.1% |
| Amounts payable after more than one year | 17 | €29,984 | €49,441 | +€19,457 | +64.9% |
| Financial debts | 170/4 | €29,984 | €49,441 | +€19,457 | +64.9% |
| Amounts payable within one year | 42/48 | €73,054 | €80,499 | +€7,445 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €9,960 | €19,085 | +€9,125 | +91.6% |
| Trade debts | 44 | €8,362 | €15,024 | +€6,662 | +79.7% |
| Suppliers | 440/4 | €8,362 | €15,024 | +€6,662 | +79.7% |
| Taxes, remuneration and social security | 45 | €28,462 | €46,390 | +€17,928 | +63.0% |
| Taxes | 450/3 | €28,462 | €46,390 | +€17,928 | +63.0% |
| Other amounts payable | 47/48 | €26,270 | - | -€26,270 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,827 | €36,814 | +€8,987 | +32.3% |
| Other operating charges | 640/8 | €1,046 | €687 | -€359 | -34.4% |
| Gross operating margin | 9900 | €141,486 | €185,264 | +€43,778 | +30.9% |
| Operating profit (loss) | 9901 | €112,613 | €147,764 | +€35,151 | +31.2% |
| Financial income | 75/76B | €46 | €1,566 | +€1,521 | +3,337% |
| Recurring financial income | 75 | €46 | €1,566 | +€1,521 | +3,337% |
| Financial charges | 65/66B | €1,238 | €2,176 | +€938 | +75.8% |
| Recurring financial charges | 65 | €1,238 | €2,176 | +€938 | +75.8% |
| Profit (loss) for the period before taxes | 9903 | €111,420 | €147,154 | +€35,733 | +32.1% |
| Income taxes | 67/77 | €24,742 | €34,355 | +€9,613 | +38.9% |
| Profit (loss) for the period | 9904 | €86,679 | €112,799 | +€26,120 | +30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €86,679 | €112,799 | +€26,120 | +30.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.