NC2: 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.
NC2
Largest movements
- Cash +€18,877
up €18,877 (+26.8%), from €70,565 to €89,442
mainly Net result for the year (+€26,091)
- Receivables within one year +€5,368
up €5,368 (+537%), from €1,000 to €6,368
- Reserves +€23,000
up €23,000 (+14.9%), from €154,455 to €177,455
of which Distributable reserves: +€23,000
- Profit (loss) carried forward +€3,091
up €3,091 (+17.6%), from €17,523 to €20,613
- Taxes +€5,111
up €5,111 (+65.7%), from €7,780 to €12,891
- Turnover -€1,933
down €1,933 (-2.6%), from €75,332 to €73,400
- Gross operating margin -€1,050
down €1,050 (-2.7%), from €39,252 to €38,202
- Purchases and services -€883
down €883 (-2.4%), from €36,081 to €35,198
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 | €181,689 | €206,785 | +€25,096 | +13.8% |
| Fixed assets | 21/28 | €39 | €39 | = | 0.0% |
| Financial fixed assets | 28 | €39 | €39 | = | 0.0% |
| Current assets | 29/58 | €181,650 | €206,746 | +€25,096 | +13.8% |
| Amounts receivable within one year | 40/41 | €1,000 | €6,368 | +€5,368 | +537% |
| Trade receivables | 40 | €1,000 | €6,368 | +€5,368 | +537% |
| Current investments | 50/53 | €110,085 | €110,935 | +€850 | +0.8% |
| Cash at bank and in hand | 54/58 | €70,565 | €89,442 | +€18,877 | +26.8% |
| Total equity and liabilities | 10/49 | €181,689 | €206,785 | +€25,096 | +13.8% |
| Equity | 10/15 | €178,178 | €204,268 | +€26,091 | +14.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €154,455 | €177,455 | +€23,000 | +14.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €152,600 | €175,600 | +€23,000 | +15.1% |
| Profit (loss) carried forward | 14 | €17,523 | €20,613 | +€3,091 | +17.6% |
| Amounts payable | 17/49 | €3,511 | €2,516 | -€995 | -28.3% |
| Amounts payable within one year | 42/48 | €3,511 | €2,516 | -€995 | -28.3% |
| Taxes, remuneration and social security | 45 | €3,511 | €2,516 | -€995 | -28.3% |
| Taxes | 450/3 | €3,511 | €2,516 | -€995 | -28.3% |
| Turnover | 70 | €75,332 | €73,400 | -€1,933 | -2.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €36,081 | €35,198 | -€883 | -2.4% |
| Gross operating margin | 9900 | €39,252 | €38,202 | -€1,050 | -2.7% |
| Operating profit (loss) | 9901 | €39,252 | €38,202 | -€1,050 | -2.7% |
| Financial income | 75/76B | €122 | €829 | +€707 | +581% |
| Recurring financial income | 75 | €122 | €829 | +€707 | +581% |
| Financial charges | 65/66B | €641 | €50 | -€592 | -92.2% |
| Recurring financial charges | 65 | €641 | €50 | -€592 | -92.2% |
| Profit (loss) for the period before taxes | 9903 | €38,732 | €38,981 | +€249 | +0.6% |
| Income taxes | 67/77 | €7,780 | €12,891 | +€5,111 | +65.7% |
| Profit (loss) for the period | 9904 | €30,952 | €26,091 | -€4,862 | -15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,952 | €26,091 | -€4,862 | -15.7% |
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 19 October 2026 via checked.be.