NBCE: 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.
NBCE
Largest movements
- Receivables within one year +€343,953
up €343,953 (+29.1%), from €1.2m to €1.5m
of which Trade receivables: +€187,577
- Current investments -€200,000
down €200,000 (-22.0%), from €910,411 to €710,411
- Cash -€64,782
down €64,782 (-34.0%), from €190,742 to €125,960
mainly Other debts (-€511,261) and Receivables within one year (-€343,953)
- Financial fixed assets -€55,627
down €55,627 (-17.4%), from €319,353 to €263,726
- Other debts -€511,261
no longer reported in 2025 (was €511,261)
- Profit (loss) carried forward +€466,873
up €466,873 (+23.7%), from €2.0m to €2.4m
- Tax, wage and social debts +€76,455
up €76,455 (+466%), from €16,399 to €92,854
- Turnover -€449,362
down €449,362 (-37.6%), from €1.2m to €745,044
- Gross operating margin -€339,491
down €339,491 (-37.7%), from €899,838 to €560,347
- Taxes -€110,061
down €110,061 (-41.4%), from €266,017 to €155,956
- Purchases and services -€109,871
down €109,871 (-37.3%), from €294,568 to €184,697
- Financial income -€58,576
down €58,576 (-47.0%), from €124,686 to €66,110
of which Non-recurring financial income: -€48,635
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 | €2,629,612 | €2,649,696 | +€20,084 | +0.8% |
| Fixed assets | 21/28 | €348,315 | €289,228 | -€59,087 | -17.0% |
| Tangible fixed assets | 22/27 | €28,962 | €25,502 | -€3,460 | -11.9% |
| Plant, machinery and equipment | 23 | €113 | - | -€113 | |
| Furniture and vehicles | 24 | €28,849 | €25,502 | -€3,347 | -11.6% |
| Financial fixed assets | 28 | €319,353 | €263,726 | -€55,627 | -17.4% |
| Current assets | 29/58 | €2,281,297 | €2,360,468 | +€79,171 | +3.5% |
| Amounts receivable within one year | 40/41 | €1,180,144 | €1,524,097 | +€343,953 | +29.1% |
| Trade receivables | 40 | €72,600 | €260,177 | +€187,577 | +258% |
| Other amounts receivable | 41 | €1,107,544 | €1,263,920 | +€156,376 | +14.1% |
| Current investments | 50/53 | €910,411 | €710,411 | -€200,000 | -22.0% |
| Cash at bank and in hand | 54/58 | €190,742 | €125,960 | -€64,782 | -34.0% |
| Total equity and liabilities | 10/49 | €2,629,612 | €2,649,696 | +€20,084 | +0.8% |
| Equity | 10/15 | €2,083,431 | €2,550,304 | +€466,873 | +22.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,973,431 | €2,440,304 | +€466,873 | +23.7% |
| Amounts payable | 17/49 | €546,181 | €99,392 | -€446,789 | -81.8% |
| Amounts payable within one year | 42/48 | €546,181 | €99,392 | -€446,789 | -81.8% |
| Trade debts | 44 | €18,521 | €6,538 | -€11,983 | -64.7% |
| Suppliers | 440/4 | €18,521 | €6,538 | -€11,983 | -64.7% |
| Taxes, remuneration and social security | 45 | €16,399 | €92,854 | +€76,455 | +466% |
| Taxes | 450/3 | €16,399 | €92,854 | +€76,455 | +466% |
| Other amounts payable | 47/48 | €511,261 | - | -€511,261 | |
| Turnover | 70 | €1,194,406 | €745,044 | -€449,362 | -37.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €294,568 | €184,697 | -€109,871 | -37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,563 | €3,460 | -€103 | -2.9% |
| Other operating charges | 640/8 | - | €118 | +€118 | |
| Gross operating margin | 9900 | €899,838 | €560,347 | -€339,491 | -37.7% |
| Operating profit (loss) | 9901 | €896,275 | €556,769 | -€339,506 | -37.9% |
| Financial income | 75/76B | €124,686 | €66,110 | -€58,576 | -47.0% |
| Recurring financial income | 75 | €76,051 | €66,110 | -€9,941 | -13.1% |
| Non-recurring financial income | 76B | €48,635 | - | -€48,635 | |
| Financial charges | 65/66B | €69 | €50 | -€19 | -27.5% |
| Recurring financial charges | 65 | €69 | €50 | -€19 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €1,020,892 | €622,829 | -€398,063 | -39.0% |
| Income taxes | 67/77 | €266,017 | €155,956 | -€110,061 | -41.4% |
| Profit (loss) for the period | 9904 | €754,875 | €466,873 | -€288,002 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €754,875 | €466,873 | -€288,002 | -38.2% |
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 14 October 2026 via checked.be.