NCA: 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.
NCA
Largest movements
- Receivables within one year +€3.6m
up €3.6m (+247.4%), from €1.4m to €5.0m
of which Trade receivables: +€3.5m
- Stocks and contracts -€1.0m
down €1.0m (-65.0%), from €1.6m to €560,461
of which Contracts in progress: -€648,798
- Cash -€534,039
down €534,039 (-39.1%), from €1.4m to €830,740
mainly Receivables within one year (-€3.6m) and Other debts (-€404,218)
- Deferred charges and accrued income +€110,027
up €110,027 (+160.5%), from €68,533 to €178,561
- Reserves +€1.4m
up €1.4m (+356.8%), from €385,353 to €1.8m
- Tax, wage and social debts +€518,410
up €518,410 (+191.4%), from €270,861 to €789,270
of which Taxes: +€365,130
- Trade debts +€501,100
up €501,100 (+42.1%), from €1.2m to €1.7m
- Other debts -€404,218
down €404,218 (-26.8%), from €1.5m to €1.1m
- Accrued charges and deferred income +€186,363
up €186,363 (+17.3%), from €1.1m to €1.3m
- Turnover +€9.8m
up €9.8m (+108.5%), from €9.0m to €18.8m
- Goods and materials +€5.9m
up €5.9m (+87.6%), from €6.7m to €12.6m
of which Purchases: +€4.5m
- Staff costs +€955,290
up €955,290 (+68.8%), from €1.4m to €2.3m
- Services and other goods +€473,873
up €473,873 (+56.6%), from €837,109 to €1.3m
- Taxes +€354,463
up €354,463 (+341.5%), from €103,807 to €458,270
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,580,733 | €6,757,196 | +€2.2m | +47.5% |
| Fixed assets | 21/28 | €98,880 | €161,773 | +€62,893 | +63.6% |
| Tangible fixed assets | 22/27 | €98,460 | €161,213 | +€62,753 | +63.7% |
| Plant, machinery and equipment | 23 | €98,460 | €161,213 | +€62,753 | +63.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €420 | €560 | +€140 | +33.3% |
| Other financial fixed assets | 284/8 | €420 | €560 | +€140 | +33.3% |
| Amounts receivable and cash guarantees | 285/8 | €420 | €560 | +€140 | +33.3% |
| Current assets | 29/58 | €4,481,853 | €6,595,423 | +€2.1m | +47.2% |
| Stocks and contracts in progress | 3 | €1,601,703 | €560,461 | -€1.0m | -65.0% |
| Stocks | 30/36 | €952,904 | €560,461 | -€392,443 | -41.2% |
| Goods purchased for resale | 34 | €952,904 | €560,461 | -€392,443 | -41.2% |
| Contracts in progress | 37 | €648,798 | €0 | -€648,798 | -100.0% |
| Amounts receivable within one year | 40/41 | €1,446,838 | €5,025,661 | +€3.6m | +247.4% |
| Trade receivables | 40 | €881,006 | €4,386,783 | +€3.5m | +397.9% |
| Other amounts receivable | 41 | €565,832 | €638,878 | +€73,045 | +12.9% |
| Cash at bank and in hand | 54/58 | €1,364,778 | €830,740 | -€534,039 | -39.1% |
| Deferred charges and accrued income | 490/1 | €68,533 | €178,561 | +€110,027 | +160.5% |
| Total equity and liabilities | 10/49 | €4,580,733 | €6,757,196 | +€2.2m | +47.5% |
| Equity | 10/15 | €535,353 | €1,910,162 | +€1.4m | +256.8% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €385,353 | €1,760,162 | +€1.4m | +356.8% |
| Distributable reserves | 133 | €385,353 | €1,760,162 | +€1.4m | +356.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €4,045,379 | €4,847,034 | +€801,655 | +19.8% |
| Amounts payable within one year | 42/48 | €2,967,225 | €3,582,517 | +€615,292 | +20.7% |
| Trade debts | 44 | €1,190,059 | €1,691,159 | +€501,100 | +42.1% |
| Suppliers | 440/4 | €1,190,059 | €1,691,159 | +€501,100 | +42.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €270,861 | €789,270 | +€518,410 | +191.4% |
| Taxes | 450/3 | €97,159 | €462,289 | +€365,130 | +375.8% |
| Remuneration and social security | 454/9 | €173,702 | €326,981 | +€153,279 | +88.2% |
| Other amounts payable | 47/48 | €1,506,305 | €1,102,087 | -€404,218 | -26.8% |
| Accrued charges and deferred income | 492/3 | €1,078,155 | €1,264,517 | +€186,363 | +17.3% |
| Operating income | 70/76A | €9,329,223 | €18,266,345 | +€8.9m | +95.8% |
| Turnover | 70 | €9,019,662 | €18,806,309 | +€9.8m | +108.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €237,569 | -€648,798 | -€886,367 | |
| Other operating income | 74 | €71,992 | €108,834 | +€36,842 | +51.2% |
| Operating charges | 60/66A | €8,973,744 | €16,287,393 | +€7.3m | +81.5% |
| Goods for resale, raw materials and consumables | 60 | €6,716,891 | €12,598,912 | +€5.9m | +87.6% |
| Purchases | 600/8 | €7,669,795 | €12,206,468 | +€4.5m | +59.1% |
| Change in stocks: decrease (increase) | 609 | -€952,904 | €392,443 | +€1.3m | |
| Services and other goods | 61 | €837,109 | €1,310,983 | +€473,873 | +56.6% |
| Remuneration, social security and pensions | 62 | €1,388,153 | €2,343,443 | +€955,290 | +68.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,214 | €32,571 | +€5,357 | +19.7% |
| Other operating charges | 640/8 | €4,376 | €1,485 | -€2,892 | -66.1% |
| Operating profit (loss) | 9901 | €355,479 | €1,978,952 | +€1.6m | +456.7% |
| Financial income | 75/76B | €17 | €1,356 | +€1,339 | +7881.2% |
| Recurring financial income | 75 | €17 | €1,356 | +€1,339 | +7881.2% |
| Other financial income | 752/9 | €17 | €1,356 | +€1,339 | +7881.2% |
| Financial charges | 65/66B | €179,353 | €147,229 | -€32,123 | -17.9% |
| Recurring financial charges | 65 | €179,353 | €147,229 | -€32,123 | -17.9% |
| Debt charges | 650 | €176,787 | €135,281 | -€41,506 | -23.5% |
| Other financial charges | 652/9 | €2,565 | €11,948 | +€9,383 | +365.7% |
| Profit (loss) for the period before taxes | 9903 | €176,143 | €1,833,078 | +€1.7m | +940.7% |
| Income taxes | 67/77 | €103,807 | €458,270 | +€354,463 | +341.5% |
| Taxes | 670/3 | €103,807 | €458,270 | +€354,463 | +341.5% |
| Profit (loss) for the period | 9904 | €72,336 | €1,374,808 | +€1.3m | +1800.6% |
| Profit (loss) for the period to be appropriated | 9905 | €72,336 | €1,374,808 | +€1.3m | +1800.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.