NC Services: 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.
What changed
NC Services
NACE 95.315, Tyre services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€197,607
2024 · €43,824+€153,783
Equity
€1.1m
2024 · €949,563+€196,343
Cash
€844
2024 · €43,310-€42,467
Balance sheet total
€4.4m
2024 · €3.1m+€1.3m
Largest movements
Assets
- Tangible fixed assets +€1.5m
up €1.5m (+140%), from €1.0m to €2.5m
of which Land and buildings: +€1.6m
- Receivables within one year -€308,417
down €308,417 (-51.2%), from €601,922 to €293,506
of which Trade receivables: -€283,387
- Stocks and contracts +€203,218
up €203,218 (+19.4%), from €1.0m to €1.3m
Equity and liabilities
- Debts after one year +€1.1m
up €1.1m (+94.9%), from €1.1m to €2.2m
- Profit (loss) carried forward +€200,609
up €200,609 (+25.9%), from €773,699 to €974,307
- Current portion of long-term debt +€62,634
up €62,634 (+22.6%), from €276,620 to €339,254
Income statement
- Gross operating margin +€118,236
up €118,236 (+20.3%), from €583,181 to €701,418
- Depreciation -€55,128
down €55,128 (-26.6%), from €207,315 to €152,187
- Staff costs +€28,102
up €28,102 (+9.5%), from €296,850 to €324,952
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.
Result 2024
€43,824
Gross operating margin
+€118,236
Staff costs
-€28,102
Depreciation
+€55,128
Other operating charges
+€1,443
Financial income
+€853
Financial charges
+€854
Taxes
+€5,370
Result 2025
€197,607
raises the resultlowers the result
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.
From operations
+€424,453
Investment
-€1.6m
Financing
+€1.1m
Cash 2024
€43,310
From operations (derived)
+€424,453
Net result for the year
+€197,607
Depreciation
+€152,187
Stocks and contracts
-€203,218
Receivables within one year
+€308,417
Smaller working-capital items
-€2,614
Trade debts
-€40,021
Tax, wage and social debts
+€16,535
Other debts
-€4,438
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.6m
Financing
+€1.1m
Debts after one year
+€1.1m
Current portion of long-term debt
+€62,634
Short-term financial debts
+€3,503
Contributions, distributions and other
-€1,265
Cash 2025
€844
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,065,188 | €4,382,159 | +€1.3m | +43.0% |
| Fixed assets | 21/28 | €1,362,519 | €2,823,224 | +€1.5m | +107% |
| Tangible fixed assets | 22/27 | €1,042,469 | €2,503,174 | +€1.5m | +140% |
| Land and buildings | 22 | €393,255 | €1,949,954 | +€1.6m | +396% |
| Plant, machinery and equipment | 23 | €57,005 | €17,274 | -€39,732 | -69.7% |
| Furniture and vehicles | 24 | €478,521 | €535,946 | +€57,426 | +12.0% |
| Leasing and similar rights | 25 | €113,688 | - | -€113,688 | |
| Financial fixed assets | 28 | €320,050 | €320,050 | = | 0.0% |
| Current assets | 29/58 | €1,702,670 | €1,558,935 | -€143,735 | -8.4% |
| Stocks and contracts in progress | 3 | €1,047,726 | €1,250,945 | +€203,218 | +19.4% |
| Stocks | 30/36 | €1,047,726 | €1,250,945 | +€203,218 | +19.4% |
| Amounts receivable within one year | 40/41 | €601,922 | €293,506 | -€308,417 | -51.2% |
| Trade receivables | 40 | €569,393 | €286,006 | -€283,387 | -49.8% |
| Other amounts receivable | 41 | €32,529 | €7,500 | -€25,029 | -76.9% |
| Cash at bank and in hand | 54/58 | €43,310 | €844 | -€42,467 | -98.1% |
| Deferred charges and accrued income | 490/1 | €9,710 | €13,641 | +€3,931 | +40.5% |
| Total equity and liabilities | 10/49 | €3,065,188 | €4,382,159 | +€1.3m | +43.0% |
| Equity | 10/15 | €949,563 | €1,145,906 | +€196,343 | +20.7% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €106,003 | €103,002 | -€3,002 | -2.8% |
| Tax-exempt reserves | 132 | €6,003 | €3,002 | -€3,002 | -50.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €773,699 | €974,307 | +€200,609 | +25.9% |
| Investment grants | 15 | €14,861 | €13,597 | -€1,265 | -8.5% |
| Amounts payable | 17/49 | €2,115,625 | €3,236,254 | +€1.1m | +53.0% |
| Amounts payable after more than one year | 17 | €1,139,492 | €2,220,593 | +€1.1m | +94.9% |
| Financial debts | 170/4 | €1,139,492 | €2,220,593 | +€1.1m | +94.9% |
| Amounts payable within one year | 42/48 | €975,832 | €1,014,044 | +€38,212 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €276,620 | €339,254 | +€62,634 | +22.6% |
| Financial debts | 43 | - | €3,503 | +€3,503 | |
| Credit institutions | 430/8 | - | €3,503 | +€3,503 | |
| Trade debts | 44 | €651,174 | €611,153 | -€40,021 | -6.1% |
| Suppliers | 440/4 | €651,174 | €611,153 | -€40,021 | -6.1% |
| Taxes, remuneration and social security | 45 | €39,367 | €55,902 | +€16,535 | +42.0% |
| Taxes | 450/3 | €9,474 | €14,807 | +€5,333 | +56.3% |
| Remuneration and social security | 454/9 | €29,893 | €41,095 | +€11,202 | +37.5% |
| Other amounts payable | 47/48 | €8,670 | €4,232 | -€4,438 | -51.2% |
| Accrued charges and deferred income | 492/3 | €301 | €1,617 | +€1,316 | +437% |
| Non-recurring operating income | 76A | - | €174,776 | +€174,776 | |
| Remuneration, social security and pensions | 62 | €296,850 | €324,952 | +€28,102 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €207,315 | €152,187 | -€55,128 | -26.6% |
| Other operating charges | 640/8 | €17,743 | €16,300 | -€1,443 | -8.1% |
| Gross operating margin | 9900 | €583,181 | €701,418 | +€118,236 | +20.3% |
| Operating profit (loss) | 9901 | €61,273 | €207,979 | +€146,706 | +239% |
| Financial income | 75/76B | €42,471 | €43,324 | +€853 | +2.0% |
| Recurring financial income | 75 | €42,471 | €43,324 | +€853 | +2.0% |
| Financial charges | 65/66B | €54,549 | €53,695 | -€854 | -1.6% |
| Recurring financial charges | 65 | €54,549 | €53,695 | -€854 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €49,195 | €197,607 | +€148,413 | +302% |
| Income taxes | 67/77 | €5,370 | - | -€5,370 | |
| Profit (loss) for the period | 9904 | €43,824 | €197,607 | +€153,783 | +351% |
| Transfer from tax-exempt reserves | 789 | €14,573 | €3,002 | -€11,571 | -79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,397 | €200,609 | +€142,211 | +244% |
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 29 October 2026 via checked.be.