NC ENTREPRISE: 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 ENTREPRISE
Largest movements
- Tangible fixed assets -€9,369
down €9,369 (-4.4%), from €212,886 to €203,517
of which Land and buildings: -€8,724
- Deferred charges and accrued income -€6,158
down €6,158 (-96.2%), from €6,403 to €246
- Debts after one year -€10,717
down €10,717 (-3.0%), from €355,874 to €345,157
of which Other amounts payable: -€9,600
- Current portion of long-term debt -€5,393
no longer reported in 2025 (was €5,393)
- Gross operating margin +€8,378
up €8,378 (+73.0%), from €11,481 to €19,859
- Depreciation +€271
up €271 (+2.1%), from €12,942 to €13,214
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 | €353,743 | €335,974 | -€17,769 | -5.0% |
| Fixed assets | 21/28 | €212,886 | €203,517 | -€9,369 | -4.4% |
| Tangible fixed assets | 22/27 | €212,886 | €203,517 | -€9,369 | -4.4% |
| Land and buildings | 22 | €211,455 | €202,731 | -€8,724 | -4.1% |
| Plant, machinery and equipment | 23 | €1,067 | €565 | -€502 | -47.0% |
| Furniture and vehicles | 24 | €364 | €222 | -€143 | -39.2% |
| Current assets | 29/58 | €140,857 | €132,457 | -€8,400 | -6.0% |
| Amounts receivable within one year | 40/41 | €1,066 | €92 | -€975 | -91.4% |
| Trade receivables | 40 | €270 | - | -€270 | |
| Other amounts receivable | 41 | €796 | €92 | -€705 | -88.5% |
| Cash at bank and in hand | 54/58 | €133,387 | €132,119 | -€1,268 | -1.0% |
| Deferred charges and accrued income | 490/1 | €6,403 | €246 | -€6,158 | -96.2% |
| Total equity and liabilities | 10/49 | €353,743 | €335,974 | -€17,769 | -5.0% |
| Equity | 10/15 | -€11,752 | -€10,536 | +€1,216 | +10.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Capital | 10 | €20,460 | €20,460 | = | 0.0% |
| Issued capital | 100 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,212 | -€30,996 | +€1,216 | +3.8% |
| Amounts payable | 17/49 | €365,495 | €346,510 | -€18,985 | -5.2% |
| Amounts payable after more than one year | 17 | €355,874 | €345,157 | -€10,717 | -3.0% |
| Financial debts | 170/4 | €192,984 | €191,866 | -€1,117 | -0.6% |
| Other amounts payable | 178/9 | €162,891 | €153,291 | -€9,600 | -5.9% |
| Amounts payable within one year | 42/48 | €9,621 | €903 | -€8,718 | -90.6% |
| Current portion of amounts payable after more than one year | 42 | €5,393 | - | -€5,393 | |
| Trade debts | 44 | €3,290 | €400 | -€2,890 | -87.9% |
| Suppliers | 440/4 | €3,290 | €400 | -€2,890 | -87.9% |
| Other amounts payable | 47/48 | €938 | €503 | -€435 | -46.4% |
| Accrued charges and deferred income | 492/3 | - | €450 | +€450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,942 | €13,214 | +€271 | +2.1% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €11,481 | €19,859 | +€8,378 | +73.0% |
| Operating profit (loss) | 9901 | -€1,912 | €6,179 | +€8,092 | |
| Financial charges | 65/66B | €4,987 | €4,963 | -€24 | -0.5% |
| Recurring financial charges | 65 | €4,987 | €4,963 | -€24 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,899 | €1,216 | +€8,115 | |
| Profit (loss) for the period | 9904 | -€6,899 | €1,216 | +€8,115 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,899 | €1,216 | +€8,115 |
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 25 October 2026 via checked.be.