NC MAINTENANCE: 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 MAINTENANCE
Largest movements
- Cash -€107,573
down €107,573 (-51.2%), from €210,279 to €102,707
mainly Contributions, distributions and other (-€135,000) and Debts after one year (-€12,443)
- Tangible fixed assets -€8,260
down €8,260 (-5.9%), from €141,034 to €132,774
of which Land and buildings: -€6,692
- Reserves -€110,608
down €110,608 (-29.1%), from €379,973 to €269,365
- Debts after one year -€12,443
down €12,443 (-16.1%), from €77,227 to €64,784
- Financial income -€135,254
down €135,254 (-99.6%), from €135,857 to €602
- Taxes +€4,953
up €4,953 (+59.0%), from €8,392 to €13,345
- Gross operating margin +€3,806
up €3,806 (+8.5%), from €45,003 to €48,809
- Depreciation -€631
down €631 (-6.6%), from €9,522 to €8,891
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 | €505,714 | €384,917 | -€120,797 | -23.9% |
| Fixed assets | 21/28 | €254,244 | €245,984 | -€8,260 | -3.2% |
| Tangible fixed assets | 22/27 | €141,034 | €132,774 | -€8,260 | -5.9% |
| Land and buildings | 22 | €133,287 | €126,595 | -€6,692 | -5.0% |
| Plant, machinery and equipment | 23 | €3,136 | €1,642 | -€1,494 | -47.6% |
| Other tangible fixed assets | 26 | €4,611 | €4,537 | -€74 | -1.6% |
| Financial fixed assets | 28 | €113,210 | €113,210 | = | 0.0% |
| Current assets | 29/58 | €251,470 | €138,933 | -€112,538 | -44.8% |
| Amounts receivable within one year | 40/41 | €36,819 | €31,920 | -€4,899 | -13.3% |
| Trade receivables | 40 | €30,211 | €28,477 | -€1,734 | -5.7% |
| Other amounts receivable | 41 | €6,608 | €3,443 | -€3,164 | -47.9% |
| Cash at bank and in hand | 54/58 | €210,279 | €102,707 | -€107,573 | -51.2% |
| Deferred charges and accrued income | 490/1 | €4,372 | €4,306 | -€66 | -1.5% |
| Total equity and liabilities | 10/49 | €505,714 | €384,917 | -€120,797 | -23.9% |
| Equity | 10/15 | €398,573 | €287,965 | -€110,608 | -27.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €379,973 | €269,365 | -€110,608 | -29.1% |
| Distributable reserves | 133 | €379,973 | €269,365 | -€110,608 | -29.1% |
| Amounts payable | 17/49 | €107,141 | €96,952 | -€10,190 | -9.5% |
| Amounts payable after more than one year | 17 | €77,227 | €64,784 | -€12,443 | -16.1% |
| Financial debts | 170/4 | €77,227 | €64,784 | -€12,443 | -16.1% |
| Amounts payable within one year | 42/48 | €29,914 | €32,168 | +€2,254 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €12,278 | €12,443 | +€166 | +1.3% |
| Trade debts | 44 | €866 | €3,924 | +€3,058 | +353% |
| Suppliers | 440/4 | €866 | €3,924 | +€3,058 | +353% |
| Taxes, remuneration and social security | 45 | €12,240 | €11,858 | -€382 | -3.1% |
| Taxes | 450/3 | €12,240 | €11,858 | -€382 | -3.1% |
| Other amounts payable | 47/48 | €4,531 | €3,943 | -€588 | -13.0% |
| Non-recurring operating income | 76A | - | €631 | +€631 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,522 | €8,891 | -€631 | -6.6% |
| Other operating charges | 640/8 | €1,068 | €1,086 | +€18 | +1.7% |
| Gross operating margin | 9900 | €45,003 | €48,809 | +€3,806 | +8.5% |
| Operating profit (loss) | 9901 | €34,412 | €38,832 | +€4,420 | +12.8% |
| Financial income | 75/76B | €135,857 | €602 | -€135,254 | -99.6% |
| Recurring financial income | 75 | €135,857 | €602 | -€135,254 | -99.6% |
| Financial charges | 65/66B | €2,049 | €1,697 | -€352 | -17.2% |
| Recurring financial charges | 65 | €2,049 | €1,697 | -€352 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €168,220 | €37,737 | -€130,483 | -77.6% |
| Income taxes | 67/77 | €8,392 | €13,345 | +€4,953 | +59.0% |
| Profit (loss) for the period | 9904 | €159,828 | €24,392 | -€135,435 | -84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €159,828 | €24,392 | -€135,435 | -84.7% |
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 18 October 2026 via checked.be.