NC PROJECT: 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 PROJECT
Largest movements
- Cash -€28,098
down €28,098 (-88.7%), from €31,665 to €3,567
mainly Receivables within one year (-€27,000) and Net result for the year (-€1,630)
- Receivables within one year +€27,000
new in 2025: €27,000
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€1,026
up €1,026 (+52.7%), from -€1,945 to -€920
- Other operating charges -€36
down €36 (-5.1%), from €700 to €664
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 | €282,525 | €281,427 | -€1,098 | -0.4% |
| Fixed assets | 21/28 | €107,040 | €107,040 | = | 0.0% |
| Tangible fixed assets | 22/27 | €107,040 | €107,040 | = | 0.0% |
| Land and buildings | 22 | €107,040 | €107,040 | = | 0.0% |
| Current assets | 29/58 | €175,485 | €174,387 | -€1,098 | -0.6% |
| Stocks and contracts in progress | 3 | €48,820 | €48,820 | = | 0.0% |
| Stocks | 30/36 | €48,820 | €48,820 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €27,000 | +€27,000 | |
| Other amounts receivable | 41 | - | €27,000 | +€27,000 | |
| Current investments | 50/53 | €95,000 | €95,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €31,665 | €3,567 | -€28,098 | -88.7% |
| Total equity and liabilities | 10/49 | €282,525 | €281,427 | -€1,098 | -0.4% |
| Equity | 10/15 | €191,013 | €189,382 | -€1,630 | -0.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €129,013 | €127,382 | -€1,630 | -1.3% |
| Non-distributable reserves | 130/1 | €101,200 | €101,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Own shares acquired | 1312 | €95,000 | €95,000 | = | 0.0% |
| Distributable reserves | 133 | €27,813 | €26,182 | -€1,630 | -5.9% |
| Amounts payable | 17/49 | €91,512 | €92,045 | +€532 | +0.6% |
| Amounts payable within one year | 42/48 | €91,512 | €92,045 | +€532 | +0.6% |
| Trade debts | 44 | €387 | €920 | +€532 | +137% |
| Suppliers | 440/4 | €387 | €920 | +€532 | +137% |
| Other amounts payable | 47/48 | €91,125 | €91,125 | = | 0.0% |
| Other operating charges | 640/8 | €700 | €664 | -€36 | -5.1% |
| Gross operating margin | 9900 | -€1,945 | -€920 | +€1,026 | +52.7% |
| Operating profit (loss) | 9901 | -€2,645 | -€1,584 | +€1,061 | +40.1% |
| Financial charges | 65/66B | €46 | €46 | = | 0.0% |
| Recurring financial charges | 65 | €46 | €46 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,692 | -€1,630 | +€1,061 | +39.4% |
| Profit (loss) for the period | 9904 | -€2,692 | -€1,630 | +€1,061 | +39.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,692 | -€1,630 | +€1,061 | +39.4% |
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 17 October 2026 via checked.be.