NC-T: what changed
Two fiscal 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-T
Largest movements
- Receivables within one year +€19,014
up €19,014 (+2839.8%), from €670 to €19,684
of which Trade receivables: +€16,416
- Deferred charges and accrued income -€10,380
down €10,380 (-89.5%), from €11,595 to €1,215
- Cash +€10,140
up €10,140 (+23.6%), from €43,046 to €53,186
mainly Net result for the year (+€30,975) and Depreciation (+€14,823)
- Tangible fixed assets -€3,872
down €3,872 (-5.3%), from €72,471 to €68,599
of which Leasing and similar rights: -€7,953
- Reserves +€30,116
up €30,116 (+49.3%), from €61,133 to €91,249
- Debts after one year -€10,534
down €10,534 (-45.3%), from €23,229 to €12,695
- Tax, wage and social debts -€7,884
down €7,884 (-33.3%), from €23,670 to €15,786
- Other debts +€1,810
up €1,810 (+18.0%), from €10,063 to €11,873
- Gross operating margin -€44,862
down €44,862 (-41.9%), from €106,957 to €62,095
- Taxes -€8,206
down €8,206 (-40.9%), from €20,060 to €11,854
- Depreciation -€5,768
down €5,768 (-28.0%), from €20,590 to €14,823
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.
Cash bridge derived
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 | €128,981 | €143,884 | +€14,903 | +11.6% |
| Fixed assets | 21/28 | €73,671 | €69,799 | -€3,872 | -5.3% |
| Tangible fixed assets | 22/27 | €72,471 | €68,599 | -€3,872 | -5.3% |
| Land and buildings | 22 | €29,484 | €32,635 | +€3,151 | +10.7% |
| Plant, machinery and equipment | 23 | €818 | €5,015 | +€4,196 | +512.9% |
| Furniture and vehicles | 24 | €13,863 | €10,597 | -€3,266 | -23.6% |
| Leasing and similar rights | 25 | €28,306 | €20,353 | -€7,953 | -28.1% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €55,310 | €74,085 | +€18,775 | +33.9% |
| Amounts receivable within one year | 40/41 | €670 | €19,684 | +€19,014 | +2839.8% |
| Trade receivables | 40 | €141 | €16,558 | +€16,416 | +11615.6% |
| Other amounts receivable | 41 | €528 | €3,126 | +€2,598 | +491.8% |
| Cash at bank and in hand | 54/58 | €43,046 | €53,186 | +€10,140 | +23.6% |
| Deferred charges and accrued income | 490/1 | €11,595 | €1,215 | -€10,380 | -89.5% |
| Total equity and liabilities | 10/49 | €128,981 | €143,884 | +€14,903 | +11.6% |
| Equity | 10/15 | €61,233 | €91,349 | +€30,116 | +49.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €61,133 | €91,249 | +€30,116 | +49.3% |
| Distributable reserves | 133 | €61,133 | €91,249 | +€30,116 | +49.3% |
| Amounts payable | 17/49 | €67,748 | €52,535 | -€15,213 | -22.5% |
| Amounts payable after more than one year | 17 | €23,229 | €12,695 | -€10,534 | -45.3% |
| Financial debts | 170/4 | €23,229 | €12,695 | -€10,534 | -45.3% |
| Amounts payable within one year | 42/48 | €43,956 | €39,297 | -€4,659 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €10,224 | €10,534 | +€310 | +3.0% |
| Trade debts | 44 | - | €1,104 | +€1,104 | |
| Suppliers | 440/4 | - | €1,104 | +€1,104 | |
| Taxes, remuneration and social security | 45 | €23,670 | €15,786 | -€7,884 | -33.3% |
| Taxes | 450/3 | €23,670 | €15,786 | -€7,884 | -33.3% |
| Other amounts payable | 47/48 | €10,063 | €11,873 | +€1,810 | +18.0% |
| Accrued charges and deferred income | 492/3 | €562 | €543 | -€19 | -3.5% |
| Non-recurring operating income | 76A | €1,800 | - | -€1,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,590 | €14,823 | -€5,768 | -28.0% |
| Other operating charges | 640/8 | €1,287 | €1,382 | +€96 | +7.4% |
| Gross operating margin | 9900 | €106,957 | €62,095 | -€44,862 | -41.9% |
| Operating profit (loss) | 9901 | €85,081 | €45,890 | -€39,190 | -46.1% |
| Financial charges | 65/66B | €3,054 | €3,061 | +€7 | +0.2% |
| Recurring financial charges | 65 | €3,054 | €3,061 | +€7 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €82,026 | €42,829 | -€39,197 | -47.8% |
| Income taxes | 67/77 | €20,060 | €11,854 | -€8,206 | -40.9% |
| Profit (loss) for the period | 9904 | €61,966 | €30,975 | -€30,992 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,966 | €30,975 | -€30,992 | -50.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.