NC-Trans: 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-Trans
Largest movements
- Tangible fixed assets +€94,281
up €94,281 (+126.9%), from €74,323 to €168,604
of which Furniture and vehicles: +€93,694
- Cash +€25,224
up €25,224 (+124.1%), from €20,323 to €45,547
mainly Debts after one year (+€79,025) and Depreciation (+€35,048)
- Receivables within one year +€17,553
up €17,553 (+98.5%), from €17,816 to €35,369
of which Trade receivables: +€17,532
- Deferred charges and accrued income +€3,872
up €3,872 (+1204.3%), from €322 to €4,194
- Debts after one year +€79,025
up €79,025 (+223.9%), from €35,301 to €114,326
- Reserves +€26,074
new in 2025: €26,074
- Current portion of long-term debt +€22,767
up €22,767 (+113.6%), from €20,049 to €42,816
- Trade debts +€16,335
up €16,335 (+295.3%), from €5,532 to €21,866
- Other debts -€7,983
down €7,983 (-80.8%), from €9,874 to €1,892
- Gross operating margin +€22,611
up €22,611 (+41.5%), from €54,442 to €77,053
- Depreciation +€8,926
up €8,926 (+34.2%), from €26,122 to €35,048
- Taxes +€4,771
up €4,771 (+122.4%), from €3,899 to €8,670
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 | €112,918 | €253,713 | +€140,795 | +124.7% |
| Fixed assets | 21/28 | €74,458 | €168,604 | +€94,146 | +126.4% |
| Tangible fixed assets | 22/27 | €74,323 | €168,604 | +€94,281 | +126.9% |
| Plant, machinery and equipment | 23 | €5,561 | €6,147 | +€587 | +10.6% |
| Furniture and vehicles | 24 | €68,762 | €162,457 | +€93,694 | +136.3% |
| Financial fixed assets | 28 | €135 | €0 | -€135 | -100.0% |
| Current assets | 29/58 | €38,460 | €85,109 | +€46,649 | +121.3% |
| Amounts receivable within one year | 40/41 | €17,816 | €35,369 | +€17,553 | +98.5% |
| Trade receivables | 40 | €17,816 | €35,348 | +€17,532 | +98.4% |
| Other amounts receivable | 41 | - | €21 | +€21 | |
| Cash at bank and in hand | 54/58 | €20,323 | €45,547 | +€25,224 | +124.1% |
| Deferred charges and accrued income | 490/1 | €322 | €4,194 | +€3,872 | +1204.3% |
| Total equity and liabilities | 10/49 | €112,918 | €253,713 | +€140,795 | +124.7% |
| Equity | 10/15 | €34,529 | €60,603 | +€26,074 | +75.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €26,074 | +€26,074 | |
| Distributable reserves | 133 | - | €26,074 | +€26,074 | |
| Profit (loss) carried forward | 14 | €14,529 | €14,529 | = | 0.0% |
| Amounts payable | 17/49 | €78,390 | €193,111 | +€114,721 | +146.3% |
| Amounts payable after more than one year | 17 | €35,301 | €114,326 | +€79,025 | +223.9% |
| Financial debts | 170/4 | €35,301 | €114,326 | +€79,025 | +223.9% |
| Amounts payable within one year | 42/48 | €43,089 | €78,785 | +€35,696 | +82.8% |
| Current portion of amounts payable after more than one year | 42 | €20,049 | €42,816 | +€22,767 | +113.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,532 | €21,866 | +€16,335 | +295.3% |
| Suppliers | 440/4 | €5,532 | €21,866 | +€16,335 | +295.3% |
| Taxes, remuneration and social security | 45 | €7,634 | €12,211 | +€4,577 | +60.0% |
| Taxes | 450/3 | €7,365 | €12,211 | +€4,846 | +65.8% |
| Remuneration and social security | 454/9 | €269 | €0 | -€269 | -100.0% |
| Other amounts payable | 47/48 | €9,874 | €1,892 | -€7,983 | -80.8% |
| Non-recurring operating income | 76A | - | €3,315 | +€3,315 | |
| Remuneration, social security and pensions | 62 | €920 | €202 | -€718 | -78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,122 | €35,048 | +€8,926 | +34.2% |
| Other operating charges | 640/8 | €1,877 | €1,967 | +€90 | +4.8% |
| Gross operating margin | 9900 | €54,442 | €77,053 | +€22,611 | +41.5% |
| Operating profit (loss) | 9901 | €25,523 | €39,836 | +€14,313 | +56.1% |
| Financial income | 75/76B | €2 | €0 | -€2 | -98.3% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -98.3% |
| Financial charges | 65/66B | €5,345 | €5,092 | -€253 | -4.7% |
| Recurring financial charges | 65 | €5,345 | €5,092 | -€253 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €20,180 | €34,744 | +€14,564 | +72.2% |
| Income taxes | 67/77 | €3,899 | €8,670 | +€4,771 | +122.4% |
| Profit (loss) for the period | 9904 | €16,281 | €26,074 | +€9,793 | +60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,281 | €26,074 | +€9,793 | +60.2% |
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.