NC CONCEPT: 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 CONCEPT
Largest movements
- Tangible fixed assets +€55,222
up €55,222 (+751%), from €7,351 to €62,573
of which Furniture and vehicles: +€57,000
- Receivables within one year -€32,094
down €32,094 (-40.3%), from €79,685 to €47,591
of which Trade receivables: -€25,649
- Cash +€7,510
up €7,510 (+103%), from €7,266 to €14,776
mainly Debts after one year (+€53,315) and Receivables within one year (+€32,094)
- Stocks and contracts -€2,443
down €2,443 (-67.1%), from €3,640 to €1,197
- Deferred charges and accrued income +€1,897
up €1,897 (+25.4%), from €7,476 to €9,373
- Debts after one year +€53,315
new in 2024: €53,315
- Profit (loss) carried forward -€21,521
down €21,521 (-71.4%), from €30,134 to €8,612
- Other debts -€5,546
down €5,546 (-30.0%), from €18,491 to €12,945
- Trade debts +€2,005
up €2,005 (+11.1%), from €18,058 to €20,063
- Current portion of long-term debt +€1,604
up €1,604 (+16.7%), from €9,583 to €11,186
- Staff costs +€60,004
up €60,004 (+23.4%), from €256,300 to €316,303
- Gross operating margin +€52,072
up €52,072 (+19.9%), from €261,914 to €313,985
- Depreciation +€5,151
up €5,151 (+144%), from €3,576 to €8,727
- Financial charges +€3,883
up €3,883 (+268%), from €1,451 to €5,333
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,919 | €136,011 | +€29,092 | +27.2% |
| Fixed assets | 21/28 | €8,851 | €63,073 | +€54,222 | +613% |
| Intangible fixed assets | 21 | €1,500 | €500 | -€1,000 | -66.7% |
| Tangible fixed assets | 22/27 | €7,351 | €62,573 | +€55,222 | +751% |
| Plant, machinery and equipment | 23 | €5,506 | €3,728 | -€1,778 | -32.3% |
| Furniture and vehicles | 24 | €1,845 | €58,845 | +€57,000 | +3,089% |
| Current assets | 29/58 | €98,068 | €72,937 | -€25,130 | -25.6% |
| Stocks and contracts in progress | 3 | €3,640 | €1,197 | -€2,443 | -67.1% |
| Stocks | 30/36 | €3,640 | €1,197 | -€2,443 | -67.1% |
| Amounts receivable within one year | 40/41 | €79,685 | €47,591 | -€32,094 | -40.3% |
| Trade receivables | 40 | €57,831 | €32,182 | -€25,649 | -44.4% |
| Other amounts receivable | 41 | €21,854 | €15,409 | -€6,445 | -29.5% |
| Cash at bank and in hand | 54/58 | €7,266 | €14,776 | +€7,510 | +103% |
| Deferred charges and accrued income | 490/1 | €7,476 | €9,373 | +€1,897 | +25.4% |
| Total equity and liabilities | 10/49 | €106,919 | €136,011 | +€29,092 | +27.2% |
| Equity | 10/15 | €46,394 | €24,872 | -€21,521 | -46.4% |
| Contributions | 10/11 | €14,400 | €14,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,134 | €8,612 | -€21,521 | -71.4% |
| Amounts payable | 17/49 | €60,526 | €111,139 | +€50,613 | +83.6% |
| Amounts payable after more than one year | 17 | - | €53,315 | +€53,315 | |
| Financial debts | 170/4 | - | €53,315 | +€53,315 | |
| Amounts payable within one year | 42/48 | €60,526 | €57,824 | -€2,702 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €9,583 | €11,186 | +€1,604 | +16.7% |
| Trade debts | 44 | €18,058 | €20,063 | +€2,005 | +11.1% |
| Suppliers | 440/4 | €18,058 | €20,063 | +€2,005 | +11.1% |
| Taxes, remuneration and social security | 45 | €14,394 | €13,629 | -€764 | -5.3% |
| Taxes | 450/3 | €8,595 | €0 | -€8,595 | -100% |
| Remuneration and social security | 454/9 | €5,799 | €13,629 | +€7,830 | +135% |
| Other amounts payable | 47/48 | €18,491 | €12,945 | -€5,546 | -30.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €256,300 | €316,303 | +€60,004 | +23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,576 | €8,727 | +€5,151 | +144% |
| Other operating charges | 640/8 | €1,264 | €2,155 | +€891 | +70.4% |
| Gross operating margin | 9900 | €261,914 | €313,985 | +€52,072 | +19.9% |
| Operating profit (loss) | 9901 | €774 | -€13,199 | -€13,973 | |
| Financial income | 75/76B | €2,080 | €45 | -€2,036 | -97.9% |
| Recurring financial income | 75 | €2,080 | €45 | -€2,036 | -97.9% |
| Financial charges | 65/66B | €1,451 | €5,333 | +€3,883 | +268% |
| Recurring financial charges | 65 | €1,451 | €5,333 | +€3,883 | +268% |
| Profit (loss) for the period before taxes | 9903 | €1,403 | -€18,488 | -€19,891 | |
| Income taxes | 67/77 | €4,242 | €3,034 | -€1,208 | -28.5% |
| Profit (loss) for the period | 9904 | -€2,839 | -€21,521 | -€18,683 | -658% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,839 | -€21,521 | -€18,683 | -658% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.