NC MOTOR: 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 MOTOR
Largest movements
- Cash +€139,794
up €139,794 (+47.4%), from €294,955 to €434,750
mainly Net result for the year (+€178,135) and Trade debts (+€75,762)
- Tangible fixed assets +€84,805
up €84,805 (+75.9%), from €111,668 to €196,472
of which Furniture and vehicles: +€69,789
- Receivables within one year +€50,896
up €50,896 (+227%), from €22,442 to €73,338
of which Trade receivables: +€50,884
- Stocks and contracts -€39,550
down €39,550 (-7.0%), from €565,808 to €526,258
- Profit (loss) carried forward +€108,135
up €108,135 (+56.3%), from €192,221 to €300,355
- Trade debts +€75,762
up €75,762 (+21.3%), from €354,954 to €430,716
- Short-term financial debts -€50,054
down €50,054 (-86.9%), from €57,631 to €7,577
- Reserves +€50,000
up €50,000 (+100%), from €50,000 to €100,000
- Other debts +€35,036
up €35,036 (+18.4%), from €190,860 to €225,896
- Gross operating margin +€20,291
up €20,291 (+6.0%), from €340,233 to €360,524
- Staff costs -€18,930
down €18,930 (-21.7%), from €87,250 to €68,321
- Depreciation +€8,826
up €8,826 (+34.8%), from €25,382 to €34,208
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 | €998,617 | €1,233,687 | +€235,070 | +23.5% |
| Fixed assets | 21/28 | €115,412 | €199,341 | +€83,929 | +72.7% |
| Intangible fixed assets | 21 | €3,632 | €2,756 | -€876 | -24.1% |
| Tangible fixed assets | 22/27 | €111,668 | €196,472 | +€84,805 | +75.9% |
| Plant, machinery and equipment | 23 | €25,360 | €18,163 | -€7,197 | -28.4% |
| Furniture and vehicles | 24 | €14,671 | €84,460 | +€69,789 | +476% |
| Leasing and similar rights | 25 | - | €31,512 | +€31,512 | |
| Other tangible fixed assets | 26 | €71,636 | €62,337 | -€9,300 | -13.0% |
| Financial fixed assets | 28 | €113 | €113 | = | 0.0% |
| Current assets | 29/58 | €883,205 | €1,034,346 | +€151,141 | +17.1% |
| Stocks and contracts in progress | 3 | €565,808 | €526,258 | -€39,550 | -7.0% |
| Stocks | 30/36 | €565,808 | €526,258 | -€39,550 | -7.0% |
| Amounts receivable within one year | 40/41 | €22,442 | €73,338 | +€50,896 | +227% |
| Trade receivables | 40 | €22,433 | €73,317 | +€50,884 | +227% |
| Other amounts receivable | 41 | €9 | €22 | +€13 | +148% |
| Cash at bank and in hand | 54/58 | €294,955 | €434,750 | +€139,794 | +47.4% |
| Total equity and liabilities | 10/49 | €998,617 | €1,233,687 | +€235,070 | +23.5% |
| Equity | 10/15 | €262,221 | €420,355 | +€158,135 | +60.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €100,000 | +€50,000 | +100% |
| Distributable reserves | 133 | €50,000 | €100,000 | +€50,000 | +100% |
| Profit (loss) carried forward | 14 | €192,221 | €300,355 | +€108,135 | +56.3% |
| Amounts payable | 17/49 | €736,396 | €813,332 | +€76,936 | +10.4% |
| Amounts payable after more than one year | 17 | €21,529 | €27,387 | +€5,858 | +27.2% |
| Financial debts | 170/4 | €21,529 | €27,387 | +€5,858 | +27.2% |
| Amounts payable within one year | 42/48 | €698,867 | €772,945 | +€74,078 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €16,000 | €24,215 | +€8,215 | +51.3% |
| Financial debts | 43 | €57,631 | €7,577 | -€50,054 | -86.9% |
| Credit institutions | 430/8 | €57,631 | €7,577 | -€50,054 | -86.9% |
| Trade debts | 44 | €354,954 | €430,716 | +€75,762 | +21.3% |
| Suppliers | 440/4 | €354,954 | €430,716 | +€75,762 | +21.3% |
| Advances received on contracts in progress | 46 | €400 | €300 | -€100 | -25.0% |
| Taxes, remuneration and social security | 45 | €79,021 | €84,241 | +€5,220 | +6.6% |
| Taxes | 450/3 | €47,636 | €57,533 | +€9,896 | +20.8% |
| Remuneration and social security | 454/9 | €31,385 | €26,708 | -€4,677 | -14.9% |
| Other amounts payable | 47/48 | €190,860 | €225,896 | +€35,036 | +18.4% |
| Accrued charges and deferred income | 492/3 | €16,000 | €13,000 | -€3,000 | -18.8% |
| Non-recurring operating income | 76A | - | €775 | +€775 | |
| Remuneration, social security and pensions | 62 | €87,250 | €68,321 | -€18,930 | -21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,382 | €34,208 | +€8,826 | +34.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,331 | €22,800 | -€3,531 | -13.4% |
| Other operating charges | 640/8 | €2,389 | €2,904 | +€515 | +21.6% |
| Gross operating margin | 9900 | €340,233 | €360,524 | +€20,291 | +6.0% |
| Operating profit (loss) | 9901 | €198,881 | €232,291 | +€33,410 | +16.8% |
| Financial income | 75/76B | €1,700 | €1,467 | -€234 | -13.7% |
| Recurring financial income | 75 | €1,700 | €1,467 | -€234 | -13.7% |
| Financial charges | 65/66B | €2,143 | €5,587 | +€3,444 | +161% |
| Recurring financial charges | 65 | €2,143 | €5,587 | +€3,444 | +161% |
| Profit (loss) for the period before taxes | 9903 | €198,438 | €228,170 | +€29,732 | +15.0% |
| Income taxes | 67/77 | €48,628 | €50,035 | +€1,407 | +2.9% |
| Profit (loss) for the period | 9904 | €149,809 | €178,135 | +€28,325 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €149,809 | €178,135 | +€28,325 | +18.9% |
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 15 October 2026 via checked.be.