NC CARRELAGES: 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.
NC CARRELAGES
Largest movements
- Receivables within one year +€57,775
up €57,775 (+146%), from €39,639 to €97,414
of which Trade receivables: +€49,658
- Cash -€34,510
down €34,510 (-29.7%), from €116,020 to €81,510
mainly Receivables within one year (-€57,775) and Contributions, distributions and other (-€23,000)
- Tangible fixed assets +€3,860
up €3,860 (+44.9%), from €8,590 to €12,450
of which Furniture and vehicles: +€4,661
- Other debts +€23,000
new in 2025: €23,000
- Tax, wage and social debts -€19,048
down €19,048 (-77.5%), from €24,581 to €5,533
of which Remuneration and social security: -€22,058
- Trade debts +€14,502
up €14,502 (+113%), from €12,867 to €27,369
- Advances received +€6,673
new in 2025: €6,673
- Depreciation -€4,491
down €4,491 (-61.7%), from €7,283 to €2,792
- Gross operating margin -€3,446
down €3,446 (-10.8%), from €31,815 to €28,369
- Other operating charges +€1,433
up €1,433 (+242%), from €591 to €2,024
- Staff costs -€1,073
down €1,073 (-89.7%), from €1,196 to €123
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 | €167,724 | €193,593 | +€25,869 | +15.4% |
| Fixed assets | 21/28 | €8,590 | €12,450 | +€3,860 | +44.9% |
| Tangible fixed assets | 22/27 | €8,590 | €12,450 | +€3,860 | +44.9% |
| Plant, machinery and equipment | 23 | €2,602 | €1,801 | -€801 | -30.8% |
| Furniture and vehicles | 24 | €5,988 | €10,649 | +€4,661 | +77.8% |
| Current assets | 29/58 | €159,134 | €181,143 | +€22,009 | +13.8% |
| Amounts receivable within one year | 40/41 | €39,639 | €97,414 | +€57,775 | +146% |
| Trade receivables | 40 | €31,416 | €81,074 | +€49,658 | +158% |
| Other amounts receivable | 41 | €8,223 | €16,340 | +€8,118 | +98.7% |
| Cash at bank and in hand | 54/58 | €116,020 | €81,510 | -€34,510 | -29.7% |
| Deferred charges and accrued income | 490/1 | €3,475 | €2,218 | -€1,257 | -36.2% |
| Total equity and liabilities | 10/49 | €167,724 | €193,593 | +€25,869 | +15.4% |
| Equity | 10/15 | €130,276 | €131,018 | +€742 | +0.6% |
| Contributions | 10/11 | €6,510 | €6,510 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,906 | €122,648 | +€742 | +0.6% |
| Amounts payable | 17/49 | €37,448 | €62,575 | +€25,127 | +67.1% |
| Amounts payable within one year | 42/48 | €37,448 | €62,575 | +€25,127 | +67.1% |
| Trade debts | 44 | €12,867 | €27,369 | +€14,502 | +113% |
| Suppliers | 440/4 | €12,867 | €27,369 | +€14,502 | +113% |
| Advances received on contracts in progress | 46 | - | €6,673 | +€6,673 | |
| Taxes, remuneration and social security | 45 | €24,581 | €5,533 | -€19,048 | -77.5% |
| Taxes | 450/3 | €2,523 | €5,533 | +€3,010 | +119% |
| Remuneration and social security | 454/9 | €22,058 | - | -€22,058 | |
| Other amounts payable | 47/48 | - | €23,000 | +€23,000 | |
| Remuneration, social security and pensions | 62 | €1,196 | €123 | -€1,073 | -89.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,283 | €2,792 | -€4,491 | -61.7% |
| Other operating charges | 640/8 | €591 | €2,024 | +€1,433 | +242% |
| Gross operating margin | 9900 | €31,815 | €28,369 | -€3,446 | -10.8% |
| Operating profit (loss) | 9901 | €22,745 | €23,430 | +€685 | +3.0% |
| Financial income | 75/76B | €1,291 | €973 | -€318 | -24.6% |
| Recurring financial income | 75 | €1,291 | €973 | -€318 | -24.6% |
| Financial charges | 65/66B | €241 | €308 | +€67 | +27.9% |
| Recurring financial charges | 65 | €241 | €308 | +€67 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | €23,795 | €24,094 | +€300 | +1.3% |
| Income taxes | 67/77 | €412 | €353 | -€59 | -14.4% |
| Profit (loss) for the period | 9904 | €23,383 | €23,742 | +€359 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,383 | €23,742 | +€359 | +1.5% |
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 28 October 2026 via checked.be.