NCCC: what changed
NCCC
Largest movements
- Cash +€62,002
up €62,002 (+385%), from €16,085 to €78,088
mainly Net result for the year (+€37,377) and Depreciation (+€35,837)
- Tangible fixed assets -€34,437
down €34,437 (-9.6%), from €358,412 to €323,975
of which Land and buildings: -€20,668
- Reserves +€37,377
up €37,377 (+21.5%), from €174,251 to €211,628
- Other debts -€9,517
down €9,517 (-11.9%), from €80,000 to €70,482
- Debts after one year -€6,466
down €6,466 (-59.6%), from €10,850 to €4,384
- Tax, wage and social debts +€5,131
up €5,131 (+168%), from €3,060 to €8,191
- Taxes +€6,689
up €6,689 (+49.3%), from €13,577 to €20,266
- Gross operating margin +€5,894
up €5,894 (+6.1%), from €97,046 to €102,940
- Other operating charges +€2,422
up €2,422 (+137%), from €1,771 to €4,193
- Financial charges -€1,043
down €1,043 (-16.5%), from €6,309 to €5,266
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €375,920 | €402,063 | +€26,143 | +7.0% |
| Fixed assets | 21/28 | €358,412 | €323,975 | -€34,437 | -9.6% |
| Tangible fixed assets | 22/27 | €358,412 | €323,975 | -€34,437 | -9.6% |
| Land and buildings | 22 | €325,976 | €305,307 | -€20,668 | -6.3% |
| Plant, machinery and equipment | 23 | €24,768 | €16,666 | -€8,102 | -32.7% |
| Furniture and vehicles | 24 | €7,669 | €2,003 | -€5,667 | -73.9% |
| Current assets | 29/58 | €17,507 | €78,088 | +€60,580 | +346% |
| Amounts receivable within one year | 40/41 | €1,422 | €0 | -€1,422 | -100% |
| Other amounts receivable | 41 | €1,422 | €0 | -€1,422 | -100% |
| Cash at bank and in hand | 54/58 | €16,085 | €78,088 | +€62,002 | +385% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €375,920 | €402,063 | +€26,143 | +7.0% |
| Equity | 10/15 | €274,251 | €311,628 | +€37,377 | +13.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €174,251 | €211,628 | +€37,377 | +21.5% |
| Distributable reserves | 133 | €174,251 | €211,628 | +€37,377 | +21.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €101,669 | €90,435 | -€11,234 | -11.0% |
| Amounts payable after more than one year | 17 | €10,850 | €4,384 | -€6,466 | -59.6% |
| Financial debts | 170/4 | €10,850 | €4,384 | -€6,466 | -59.6% |
| Amounts payable within one year | 42/48 | €90,819 | €86,051 | -€4,768 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €6,339 | €6,466 | +€128 | +2.0% |
| Trade debts | 44 | €1,421 | €912 | -€509 | -35.8% |
| Suppliers | 440/4 | €1,421 | €912 | -€509 | -35.8% |
| Taxes, remuneration and social security | 45 | €3,060 | €8,191 | +€5,131 | +168% |
| Taxes | 450/3 | €3,060 | €8,191 | +€5,131 | +168% |
| Other amounts payable | 47/48 | €80,000 | €70,482 | -€9,517 | -11.9% |
| Non-recurring operating income | 76A | €20,107 | €0 | -€20,107 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,609 | €35,837 | +€228 | +0.6% |
| Other operating charges | 640/8 | €1,771 | €4,193 | +€2,422 | +137% |
| Gross operating margin | 9900 | €97,046 | €102,940 | +€5,894 | +6.1% |
| Operating profit (loss) | 9901 | €59,667 | €62,910 | +€3,244 | +5.4% |
| Financial charges | 65/66B | €6,309 | €5,266 | -€1,043 | -16.5% |
| Recurring financial charges | 65 | €6,309 | €5,266 | -€1,043 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €53,357 | €57,644 | +€4,287 | +8.0% |
| Income taxes | 67/77 | €13,577 | €20,266 | +€6,689 | +49.3% |
| Profit (loss) for the period | 9904 | €39,780 | €37,377 | -€2,403 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,780 | €37,377 | -€2,403 | -6.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.