NCA CONCEPT: 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.
NCA CONCEPT
Largest movements
- Receivables within one year -€56,740
down €56,740 (-29.0%), from €195,571 to €138,831
of which Trade receivables: -€61,531
- Tangible fixed assets +€7,619
up €7,619 (+102%), from €7,494 to €15,113
of which Plant, machinery and equipment: +€10,285
- Trade debts -€79,764
down €79,764 (-83.6%), from €95,441 to €15,677
- Profit (loss) carried forward +€25,219
up €25,219 (+27.1%), from €93,152 to €118,372
- Tax, wage and social debts +€5,115
up €5,115 (+21.3%), from €23,978 to €29,094
- Gross operating margin -€12,530
down €12,530 (-20.9%), from €60,084 to €47,554
- Taxes +€3,212
up €3,212 (+24.5%), from €13,089 to €16,301
- Other operating charges -€615
down €615 (-14.4%), from €4,275 to €3,660
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 | €214,272 | €164,843 | -€49,429 | -23.1% |
| Fixed assets | 21/28 | €7,494 | €15,113 | +€7,619 | +102% |
| Tangible fixed assets | 22/27 | €7,494 | €15,113 | +€7,619 | +102% |
| Plant, machinery and equipment | 23 | €963 | €11,248 | +€10,285 | +1,069% |
| Furniture and vehicles | 24 | €6,532 | €3,865 | -€2,667 | -40.8% |
| Current assets | 29/58 | €206,778 | €149,730 | -€57,048 | -27.6% |
| Amounts receivable within one year | 40/41 | €195,571 | €138,831 | -€56,740 | -29.0% |
| Trade receivables | 40 | €158,946 | €97,415 | -€61,531 | -38.7% |
| Other amounts receivable | 41 | €36,625 | €41,416 | +€4,791 | +13.1% |
| Cash at bank and in hand | 54/58 | €10,914 | €9,828 | -€1,086 | -10.0% |
| Deferred charges and accrued income | 490/1 | €293 | €1,072 | +€778 | +266% |
| Total equity and liabilities | 10/49 | €214,272 | €164,843 | -€49,429 | -23.1% |
| Equity | 10/15 | €94,852 | €120,072 | +€25,219 | +26.6% |
| Contributions | 10/11 | €1,700 | €1,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,152 | €118,372 | +€25,219 | +27.1% |
| Amounts payable | 17/49 | €119,420 | €44,771 | -€74,649 | -62.5% |
| Amounts payable within one year | 42/48 | €119,420 | €44,771 | -€74,649 | -62.5% |
| Trade debts | 44 | €95,441 | €15,677 | -€79,764 | -83.6% |
| Suppliers | 440/4 | €95,441 | €15,677 | -€79,764 | -83.6% |
| Taxes, remuneration and social security | 45 | €23,978 | €29,094 | +€5,115 | +21.3% |
| Taxes | 450/3 | €23,978 | €29,094 | +€5,115 | +21.3% |
| Remuneration, social security and pensions | 62 | €450 | €253 | -€197 | -43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,156 | €3,480 | +€325 | +10.3% |
| Other operating charges | 640/8 | €4,275 | €3,660 | -€615 | -14.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €60,084 | €47,554 | -€12,530 | -20.9% |
| Operating profit (loss) | 9901 | €52,202 | €40,160 | -€12,042 | -23.1% |
| Financial income | 75/76B | €1,652 | €1,746 | +€94 | +5.7% |
| Recurring financial income | 75 | €1,652 | €1,746 | +€94 | +5.7% |
| Financial charges | 65/66B | €388 | €386 | -€2 | -0.4% |
| Recurring financial charges | 65 | €388 | €386 | -€2 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €53,466 | €41,520 | -€11,947 | -22.3% |
| Income taxes | 67/77 | €13,089 | €16,301 | +€3,212 | +24.5% |
| Profit (loss) for the period | 9904 | €40,378 | €25,219 | -€15,159 | -37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,378 | €25,219 | -€15,159 | -37.5% |
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 14 October 2026 via checked.be.