NC WINDOWS: what changed
What changed
NC WINDOWS
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€288,331
2024 · €222,486+€65,845
Equity
€710,982
2024 · €657,950+€53,031
Cash
€159,829
2024 · €133,831+€25,998
Balance sheet total
€1.6m
2024 · €1.7m-€102,611
Largest movements
Assets
- Tangible fixed assets -€115,425
down €115,425 (-14.1%), from €816,235 to €700,810
of which Furniture and vehicles: -€116,989
- Receivables within one year -€74,017
down €74,017 (-43.8%), from €169,141 to €95,124
of which Trade receivables: -€81,807
- Current investments +€70,842
up €70,842 (+14.4%), from €492,795 to €563,637
- Cash +€25,998
up €25,998 (+19.4%), from €133,831 to €159,829
mainly Net result for the year (+€288,331) and Depreciation (+€175,159)
Equity and liabilities
- Debts after one year -€194,206
down €194,206 (-53.8%), from €360,882 to €166,676
- Other debts +€171,263
up €171,263 (+25,620%), from €668 to €171,932
- Advances received -€139,400
no longer reported in 2025 (was €139,400)
- Reserves +€53,031
up €53,031 (+8.4%), from €632,950 to €685,982
Income statement
- Gross operating margin +€75,864
up €75,864 (+13.8%), from €550,765 to €626,628
- Financial income +€13,508
up €13,508 (+155%), from €8,740 to €22,249
- Taxes +€12,351
up €12,351 (+14.7%), from €83,831 to €96,182
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€222,486
Gross operating margin
+€75,864
Staff costs
-€2,204
Depreciation
-€4,418
Other operating charges
-€4,454
Financial income
+€13,508
Financial charges
-€100
Taxes
-€12,351
Result 2025
€288,331
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€588,491
Investment
-€120,576
Financing
-€441,917
Cash 2024
€133,831
From operations (derived)
+€588,491
Net result for the year
+€288,331
Depreciation
+€175,159
Smaller working-capital items
+€9
Receivables within one year
+€74,017
Trade debts
+€2,793
Tax, wage and social debts
+€13,456
Advances received
-€139,400
Other debts
+€171,263
Accrued charges and deferred income
+€2,861
Investment (derived)
-€120,576
Investment in fixed assets (net)
-€49,734
Current investments
-€70,842
Financing
-€441,917
Debts after one year
-€194,206
Current portion of long-term debt
+€1,589
Short-term financial debts
-€14,000
Contributions, distributions and other
-€235,300
Cash 2025
€159,829
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,664,366 | €1,561,755 | -€102,611 | -6.2% |
| Fixed assets | 21/28 | €833,687 | €708,262 | -€125,425 | -15.0% |
| Intangible fixed assets | 21 | €17,452 | €7,452 | -€10,000 | -57.3% |
| Tangible fixed assets | 22/27 | €816,235 | €700,810 | -€115,425 | -14.1% |
| Land and buildings | 22 | €373,975 | €350,885 | -€23,089 | -6.2% |
| Plant, machinery and equipment | 23 | €27,915 | €52,568 | +€24,653 | +88.3% |
| Furniture and vehicles | 24 | €414,346 | €297,357 | -€116,989 | -28.2% |
| Current assets | 29/58 | €830,679 | €853,493 | +€22,814 | +2.7% |
| Stocks and contracts in progress | 3 | €20,106 | €19,500 | -€606 | -3.0% |
| Stocks | 30/36 | €20,106 | €19,500 | -€606 | -3.0% |
| Amounts receivable within one year | 40/41 | €169,141 | €95,124 | -€74,017 | -43.8% |
| Trade receivables | 40 | €154,249 | €72,442 | -€81,807 | -53.0% |
| Other amounts receivable | 41 | €14,892 | €22,682 | +€7,789 | +52.3% |
| Current investments | 50/53 | €492,795 | €563,637 | +€70,842 | +14.4% |
| Cash at bank and in hand | 54/58 | €133,831 | €159,829 | +€25,998 | +19.4% |
| Deferred charges and accrued income | 490/1 | €14,806 | €15,403 | +€597 | +4.0% |
| Total equity and liabilities | 10/49 | €1,664,366 | €1,561,755 | -€102,611 | -6.2% |
| Equity | 10/15 | €657,950 | €710,982 | +€53,031 | +8.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €632,950 | €685,982 | +€53,031 | +8.4% |
| Distributable reserves | 133 | €632,950 | €685,982 | +€53,031 | +8.4% |
| Amounts payable | 17/49 | €1,006,416 | €850,773 | -€155,643 | -15.5% |
| Amounts payable after more than one year | 17 | €360,882 | €166,676 | -€194,206 | -53.8% |
| Financial debts | 170/4 | €360,882 | €166,676 | -€194,206 | -53.8% |
| Amounts payable within one year | 42/48 | €645,534 | €681,236 | +€35,702 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €38,508 | €40,097 | +€1,589 | +4.1% |
| Financial debts | 43 | €350,000 | €336,000 | -€14,000 | -4.0% |
| Credit institutions | 430/8 | €350,000 | €336,000 | -€14,000 | -4.0% |
| Trade debts | 44 | €105,056 | €107,849 | +€2,793 | +2.7% |
| Suppliers | 440/4 | €105,056 | €107,849 | +€2,793 | +2.7% |
| Advances received on contracts in progress | 46 | €139,400 | - | -€139,400 | |
| Taxes, remuneration and social security | 45 | €11,902 | €25,358 | +€13,456 | +113% |
| Taxes | 450/3 | €10,040 | €18,830 | +€8,790 | +87.5% |
| Remuneration and social security | 454/9 | €1,862 | €6,528 | +€4,666 | +251% |
| Other amounts payable | 47/48 | €668 | €171,932 | +€171,263 | +25,620% |
| Accrued charges and deferred income | 492/3 | - | €2,861 | +€2,861 | |
| Remuneration, social security and pensions | 62 | €71,036 | €73,240 | +€2,204 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,741 | €175,159 | +€4,418 | +2.6% |
| Other operating charges | 640/8 | €1,463 | €5,917 | +€4,454 | +304% |
| Gross operating margin | 9900 | €550,765 | €626,628 | +€75,864 | +13.8% |
| Operating profit (loss) | 9901 | €307,524 | €372,313 | +€64,789 | +21.1% |
| Financial income | 75/76B | €8,740 | €22,249 | +€13,508 | +155% |
| Recurring financial income | 75 | €8,740 | €22,249 | +€13,508 | +155% |
| Financial charges | 65/66B | €9,948 | €10,048 | +€100 | +1.0% |
| Recurring financial charges | 65 | €9,948 | €10,048 | +€100 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €306,317 | €384,513 | +€78,197 | +25.5% |
| Income taxes | 67/77 | €83,831 | €96,182 | +€12,351 | +14.7% |
| Profit (loss) for the period | 9904 | €222,486 | €288,331 | +€65,845 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €222,486 | €288,331 | +€65,845 | +29.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.