NCBHAM: 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.
NCBHAM
Largest movements
- Tangible fixed assets +€327,852
up €327,852 (+24.2%), from €1.4m to €1.7m
of which Other tangible fixed assets: +€274,509
- Receivables within one year -€166,354
down €166,354 (-24.6%), from €675,294 to €508,940
of which Trade receivables: -€289,992
- Cash -€83,064
down €83,064 (-34.1%), from €243,592 to €160,528
mainly Investment in fixed assets (net) (-€490,226) and Net result for the year (-€370,368)
- Profit (loss) carried forward -€370,368
down €370,368, from €225,678 to -€144,690
- Current portion of long-term debt +€312,499
up €312,499 (+135%), from €231,166 to €543,664
- Debts after one year +€225,695
up €225,695 (+27.1%), from €832,701 to €1.1m
- Trade debts -€209,719
down €209,719 (-29.4%), from €713,471 to €503,752
- Investment grants +€100,872
up €100,872 (+1,429%), from €7,057 to €107,930
- Gross operating margin -€328,199
down €328,199 (-97.5%), from €336,525 to €8,327
- Depreciation +€80,241
up €80,241 (+71.5%), from €112,195 to €192,437
- Staff costs +€38,400
up €38,400 (+42.2%), from €90,914 to €129,313
- Other operating charges -€29,359
down €29,359 (-56.7%), from €51,788 to €22,429
- Financial charges +€17,884
up €17,884 (+68.1%), from €26,247 to €44,131
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 | €2,394,494 | €2,441,935 | +€47,441 | +2.0% |
| Fixed assets | 21/28 | €1,410,329 | €1,708,119 | +€297,790 | +21.1% |
| Intangible fixed assets | 21 | €18,535 | €4,095 | -€14,440 | -77.9% |
| Tangible fixed assets | 22/27 | €1,352,542 | €1,680,395 | +€327,852 | +24.2% |
| Furniture and vehicles | 24 | €55,031 | €108,374 | +€53,343 | +96.9% |
| Other tangible fixed assets | 26 | €1,297,511 | €1,572,021 | +€274,509 | +21.2% |
| Financial fixed assets | 28 | €39,252 | €23,630 | -€15,623 | -39.8% |
| Current assets | 29/58 | €984,164 | €733,816 | -€250,349 | -25.4% |
| Amounts receivable after more than one year | 29 | €46,719 | €46,719 | = | 0.0% |
| Other amounts receivable | 291 | €46,719 | €46,719 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €675,294 | €508,940 | -€166,354 | -24.6% |
| Trade receivables | 40 | €671,528 | €381,536 | -€289,992 | -43.2% |
| Other amounts receivable | 41 | €3,765 | €127,403 | +€123,638 | +3,284% |
| Cash at bank and in hand | 54/58 | €243,592 | €160,528 | -€83,064 | -34.1% |
| Deferred charges and accrued income | 490/1 | €18,560 | €17,629 | -€931 | -5.0% |
| Total equity and liabilities | 10/49 | €2,394,494 | €2,441,935 | +€47,441 | +2.0% |
| Equity | 10/15 | €559,545 | €190,050 | -€369,495 | -66.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €320,610 | €220,610 | -€100,000 | -31.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €300,000 | €200,000 | -€100,000 | -33.3% |
| Profit (loss) carried forward | 14 | €225,678 | -€144,690 | -€370,368 | |
| Investment grants | 15 | €7,057 | €107,930 | +€100,872 | +1,429% |
| Provisions and deferred taxes | 16 | €2,118 | €35,789 | +€33,671 | +1,590% |
| Deferred taxes | 168 | €2,118 | €35,789 | +€33,671 | +1,590% |
| Amounts payable | 17/49 | €1,832,831 | €2,216,096 | +€383,265 | +20.9% |
| Amounts payable after more than one year | 17 | €832,701 | €1,058,397 | +€225,695 | +27.1% |
| Financial debts | 170/4 | €832,701 | €1,058,397 | +€225,695 | +27.1% |
| Amounts payable within one year | 42/48 | €971,803 | €1,135,212 | +€163,410 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €231,166 | €543,664 | +€312,499 | +135% |
| Trade debts | 44 | €713,471 | €503,752 | -€209,719 | -29.4% |
| Suppliers | 440/4 | €713,471 | €503,752 | -€209,719 | -29.4% |
| Taxes, remuneration and social security | 45 | €27,166 | €23,702 | -€3,464 | -12.8% |
| Taxes | 450/3 | €9,175 | - | -€9,175 | |
| Remuneration and social security | 454/9 | €17,991 | €23,702 | +€5,711 | +31.7% |
| Other amounts payable | 47/48 | - | €64,093 | +€64,093 | |
| Accrued charges and deferred income | 492/3 | €28,327 | €22,487 | -€5,840 | -20.6% |
| Non-recurring operating income | 76A | - | €152 | +€152 | |
| Remuneration, social security and pensions | 62 | €90,914 | €129,313 | +€38,400 | +42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,195 | €192,437 | +€80,241 | +71.5% |
| Other operating charges | 640/8 | €51,788 | €22,429 | -€29,359 | -56.7% |
| Non-recurring operating charges | 66A | - | €8,417 | +€8,417 | |
| Gross operating margin | 9900 | €336,525 | €8,327 | -€328,199 | -97.5% |
| Operating profit (loss) | 9901 | €81,628 | -€344,270 | -€425,898 | |
| Financial income | 75/76B | €3,514 | €13,916 | +€10,402 | +296% |
| Recurring financial income | 75 | €3,514 | €13,916 | +€10,402 | +296% |
| Financial charges | 65/66B | €26,247 | €44,131 | +€17,884 | +68.1% |
| Recurring financial charges | 65 | €26,247 | €44,131 | +€17,884 | +68.1% |
| Profit (loss) for the period before taxes | 9903 | €58,895 | -€374,485 | -€433,379 | |
| Transfer from deferred taxes | 780 | €238 | €4,117 | +€3,879 | +1,631% |
| Income taxes | 67/77 | €121 | - | -€121 | |
| Profit (loss) for the period | 9904 | €59,012 | -€370,368 | -€429,380 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,012 | -€370,368 | -€429,380 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.