NC Foodexpress: what changed
What changed
NC Foodexpress
NACE 46.389, Wholesale of other food products
filed annual accounts (NBB)
Net result for the year
€18,525
2023 · €77,233-€58,708
Equity
€479,268
2023 · €460,743+€18,525
Cash
€76,353
2023 · €117,591-€41,239
Balance sheet total
€2.1m
2023 · €2.1m+€15,537
Largest movements
Assets
- Tangible fixed assets +€48,654
up €48,654 (+4.4%), from €1.1m to €1.2m
of which Furniture and vehicles: +€111,333
- Cash -€41,239
down €41,239 (-35.1%), from €117,591 to €76,353
mainly Investment in fixed assets (net) (-€228,087) and Tax, wage and social debts (-€61,845)
Equity and liabilities
- Tax, wage and social debts -€61,845
down €61,845 (-49.3%), from €125,513 to €63,668
of which Taxes: -€31,788
- Debts after one year +€48,603
up €48,603 (+6.9%), from €707,649 to €756,252
- Current portion of long-term debt +€25,885
up €25,885 (+19.6%), from €132,314 to €158,199
Income statement
- Staff costs +€137,753
up €137,753 (+19.0%), from €723,238 to €860,991
- Gross operating margin +€123,604
up €123,604 (+12.0%), from €1.0m to €1.2m
- Depreciation +€43,324
up €43,324 (+31.8%), from €136,109 to €179,433
- Taxes -€26,220
down €26,220 (-94.8%), from €27,662 to €1,442
- Financial charges +€11,692
up €11,692 (+64.9%), from €18,007 to €29,699
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€77,233
Gross operating margin
+€123,604
Staff costs
-€137,753
Depreciation
-€43,324
Write-downs
-€2,356
Other operating charges
-€10,261
Financial income
-€3,146
Financial charges
-€11,692
Taxes
+€26,220
Result 2024
€18,525
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€112,360
Investment
-€228,087
Financing
+€74,488
Cash 2023
€117,591
From operations (derived)
+€112,360
Net result for the year
+€18,525
Depreciation
+€179,433
Receivables within one year
-€8,122
Trade debts
-€12,749
Tax, wage and social debts
-€61,845
Other debts
-€2,883
Investment (derived)
-€228,087
Investment in fixed assets (net)
-€228,087
Financing
+€74,488
Debts after one year
+€48,603
Current portion of long-term debt
+€25,885
Cash 2024
€76,353
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,088,383 | €2,103,921 | +€15,537 | +0.7% |
| Fixed assets | 21/28 | €1,105,604 | €1,154,258 | +€48,654 | +4.4% |
| Tangible fixed assets | 22/27 | €1,105,604 | €1,154,258 | +€48,654 | +4.4% |
| Land and buildings | 22 | €657,184 | €630,035 | -€27,149 | -4.1% |
| Plant, machinery and equipment | 23 | €228,435 | €192,904 | -€35,531 | -15.6% |
| Furniture and vehicles | 24 | €219,986 | €331,319 | +€111,333 | +50.6% |
| Current assets | 29/58 | €982,780 | €949,663 | -€33,117 | -3.4% |
| Amounts receivable within one year | 40/41 | €865,188 | €873,310 | +€8,122 | +0.9% |
| Trade receivables | 40 | €835,165 | €856,997 | +€21,832 | +2.6% |
| Other amounts receivable | 41 | €30,023 | €16,313 | -€13,710 | -45.7% |
| Cash at bank and in hand | 54/58 | €117,591 | €76,353 | -€41,239 | -35.1% |
| Total equity and liabilities | 10/49 | €2,088,383 | €2,103,921 | +€15,537 | +0.7% |
| Equity | 10/15 | €460,743 | €479,268 | +€18,525 | +4.0% |
| Contributions | 10/11 | €18,550 | €20,405 | +€1,855 | +10.0% |
| Reserves | 13 | €395,796 | €412,466 | +€16,670 | +4.2% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €393,941 | €412,466 | +€18,525 | +4.7% |
| Profit (loss) carried forward | 14 | €46,397 | €46,397 | = | 0.0% |
| Amounts payable | 17/49 | €1,627,640 | €1,624,652 | -€2,988 | -0.2% |
| Amounts payable after more than one year | 17 | €707,649 | €756,252 | +€48,603 | +6.9% |
| Financial debts | 170/4 | €707,649 | €756,252 | +€48,603 | +6.9% |
| Amounts payable within one year | 42/48 | €919,991 | €868,400 | -€51,591 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €132,314 | €158,199 | +€25,885 | +19.6% |
| Trade debts | 44 | €339,818 | €327,069 | -€12,749 | -3.8% |
| Suppliers | 440/4 | €339,818 | €327,069 | -€12,749 | -3.8% |
| Taxes, remuneration and social security | 45 | €125,513 | €63,668 | -€61,845 | -49.3% |
| Taxes | 450/3 | €31,788 | - | -€31,788 | |
| Remuneration and social security | 454/9 | €93,725 | €63,668 | -€30,057 | -32.1% |
| Other amounts payable | 47/48 | €322,346 | €319,463 | -€2,883 | -0.9% |
| Remuneration, social security and pensions | 62 | €723,238 | €860,991 | +€137,753 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,109 | €179,433 | +€43,324 | +31.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €38,567 | €40,922 | +€2,356 | +6.1% |
| Other operating charges | 640/8 | €13,842 | €24,103 | +€10,261 | +74.1% |
| Gross operating margin | 9900 | €1,031,483 | €1,155,087 | +€123,604 | +12.0% |
| Operating profit (loss) | 9901 | €119,728 | €49,638 | -€70,089 | -58.5% |
| Financial income | 75/76B | €3,174 | €28 | -€3,146 | -99.1% |
| Recurring financial income | 75 | €3,174 | €28 | -€3,146 | -99.1% |
| Financial charges | 65/66B | €18,007 | €29,699 | +€11,692 | +64.9% |
| Recurring financial charges | 65 | €18,007 | €29,699 | +€11,692 | +64.9% |
| Profit (loss) for the period before taxes | 9903 | €104,895 | €19,967 | -€84,928 | -81.0% |
| Income taxes | 67/77 | €27,662 | €1,442 | -€26,220 | -94.8% |
| Profit (loss) for the period | 9904 | €77,233 | €18,525 | -€58,708 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,233 | €18,525 | -€58,708 | -76.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.