NCA RISK MANAGEMENT: 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 RISK MANAGEMENT
Largest movements
- Cash +€77,825
up €77,825 (+14.2%), from €549,164 to €626,989
mainly Net result for the year (+€201,464) and Other debts (+€4,614)
- Receivables after one year +€16,667
new in 2025: €16,667
- Reserves +€154,096
up €154,096 (+17.3%), from €891,732 to €1.0m
- Tax, wage and social debts -€60,753
down €60,753 (-49.3%), from €123,159 to €62,406
- Financial income +€28,524
up €28,524 (+60.2%), from €47,387 to €75,911
- Gross operating margin +€17,860
up €17,860 (+9.2%), from €194,884 to €212,744
- Taxes +€7,062
up €7,062 (+9.4%), from €75,172 to €82,234
- Depreciation -€4,953
down €4,953 (-69.6%), from €7,112 to €2,159
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 | €1,071,431 | €1,171,542 | +€100,111 | +9.3% |
| Fixed assets | 21/28 | €520,894 | €519,934 | -€960 | -0.2% |
| Tangible fixed assets | 22/27 | €7,041 | €6,081 | -€960 | -13.6% |
| Plant, machinery and equipment | 23 | €847 | €1,359 | +€512 | +60.4% |
| Furniture and vehicles | 24 | €3,170 | €2,120 | -€1,050 | -33.1% |
| Other tangible fixed assets | 26 | €3,024 | €2,602 | -€422 | -14.0% |
| Financial fixed assets | 28 | €513,853 | €513,853 | = | 0.0% |
| Current assets | 29/58 | €550,537 | €651,608 | +€101,071 | +18.4% |
| Amounts receivable after more than one year | 29 | - | €16,667 | +€16,667 | |
| Other amounts receivable | 291 | - | €16,667 | +€16,667 | |
| Amounts receivable within one year | 40/41 | - | €4,897 | +€4,897 | |
| Other amounts receivable | 41 | - | €4,897 | +€4,897 | |
| Cash at bank and in hand | 54/58 | €549,164 | €626,989 | +€77,825 | +14.2% |
| Deferred charges and accrued income | 490/1 | €1,373 | €3,056 | +€1,683 | +123% |
| Total equity and liabilities | 10/49 | €1,071,431 | €1,171,542 | +€100,111 | +9.3% |
| Equity | 10/15 | €931,732 | €1,085,828 | +€154,096 | +16.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €891,732 | €1,045,828 | +€154,096 | +17.3% |
| Distributable reserves | 133 | €891,732 | €1,045,828 | +€154,096 | +17.3% |
| Amounts payable | 17/49 | €139,699 | €85,714 | -€53,985 | -38.6% |
| Amounts payable within one year | 42/48 | €139,699 | €85,314 | -€54,385 | -38.9% |
| Current portion of amounts payable after more than one year | 42 | €15,236 | €16,062 | +€826 | +5.4% |
| Trade debts | 44 | €655 | €1,583 | +€928 | +142% |
| Suppliers | 440/4 | €655 | €1,583 | +€928 | +142% |
| Taxes, remuneration and social security | 45 | €123,159 | €62,406 | -€60,753 | -49.3% |
| Taxes | 450/3 | €123,159 | €62,406 | -€60,753 | -49.3% |
| Other amounts payable | 47/48 | €649 | €5,263 | +€4,614 | +711% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,112 | €2,159 | -€4,953 | -69.6% |
| Other operating charges | 640/8 | €426 | €400 | -€26 | -6.1% |
| Gross operating margin | 9900 | €194,884 | €212,744 | +€17,860 | +9.2% |
| Operating profit (loss) | 9901 | €187,347 | €210,185 | +€22,839 | +12.2% |
| Financial income | 75/76B | €47,387 | €75,911 | +€28,524 | +60.2% |
| Recurring financial income | 75 | €47,387 | €75,911 | +€28,524 | +60.2% |
| Financial charges | 65/66B | €3,349 | €2,398 | -€951 | -28.4% |
| Recurring financial charges | 65 | €3,349 | €2,398 | -€951 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €231,385 | €283,698 | +€52,314 | +22.6% |
| Income taxes | 67/77 | €75,172 | €82,234 | +€7,062 | +9.4% |
| Profit (loss) for the period | 9904 | €156,212 | €201,464 | +€45,252 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €156,212 | €201,464 | +€45,252 | +29.0% |
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 23 October 2026 via checked.be.