NCConstruct: 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.
NCConstruct
Largest movements
- Receivables within one year +€40,737
up €40,737 (+54.8%), from €74,324 to €115,061
of which Trade receivables: +€36,243
- Cash -€7,761
down €7,761 (-14.4%), from €53,929 to €46,168
mainly Receivables within one year (-€40,737) and Other debts (-€37,119)
- Stocks and contracts -€2,191
down €2,191 (-10.0%), from €22,017 to €19,826
- Trade debts +€64,416
up €64,416 (+5462.3%), from €1,179 to €65,596
- Other debts -€37,119
down €37,119 (-17.2%), from €216,147 to €179,028
- Profit (loss) carried forward +€1,897
up €1,897 (+1.4%), from -€137,285 to -€135,389
- Gross operating margin -€4,641
down €4,641 (-56.3%), from €8,239 to €3,598
- Financial charges -€671
down €671 (-93.1%), from €721 to €50
- Other operating charges -€529
down €529 (-42.0%), from €1,258 to €730
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,512 | €181,531 | +€30,019 | +19.8% |
| Fixed assets | 21/28 | €1,243 | €321 | -€922 | -74.2% |
| Tangible fixed assets | 22/27 | €1,243 | €321 | -€922 | -74.2% |
| Plant, machinery and equipment | 23 | €406 | €55 | -€351 | -86.5% |
| Furniture and vehicles | 24 | €837 | €266 | -€571 | -68.2% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €150,269 | €181,210 | +€30,941 | +20.6% |
| Stocks and contracts in progress | 3 | €22,017 | €19,826 | -€2,191 | -10.0% |
| Stocks | 30/36 | €22,017 | €19,826 | -€2,191 | -10.0% |
| Amounts receivable within one year | 40/41 | €74,324 | €115,061 | +€40,737 | +54.8% |
| Trade receivables | 40 | €73,129 | €109,371 | +€36,243 | +49.6% |
| Other amounts receivable | 41 | €1,195 | €5,689 | +€4,494 | +376.1% |
| Cash at bank and in hand | 54/58 | €53,929 | €46,168 | -€7,761 | -14.4% |
| Deferred charges and accrued income | 490/1 | €0 | €156 | +€156 | |
| Total equity and liabilities | 10/49 | €151,512 | €181,531 | +€30,019 | +19.8% |
| Equity | 10/15 | -€65,814 | -€63,917 | +€1,897 | +2.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €51,471 | €51,471 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100.0% |
| Reserves not available under the articles | 1311 | €2,000 | €0 | -€2,000 | -100.0% |
| Distributable reserves | 133 | €49,471 | €51,471 | +€2,000 | +4.0% |
| Profit (loss) carried forward | 14 | -€137,285 | -€135,389 | +€1,897 | +1.4% |
| Amounts payable | 17/49 | €217,326 | €245,449 | +€28,122 | +12.9% |
| Amounts payable within one year | 42/48 | €217,326 | €245,449 | +€28,122 | +12.9% |
| Trade debts | 44 | €1,179 | €65,596 | +€64,416 | +5462.3% |
| Suppliers | 440/4 | €1,179 | €65,596 | +€64,416 | +5462.3% |
| Taxes, remuneration and social security | 45 | €0 | €825 | +€825 | |
| Taxes | 450/3 | €0 | €825 | +€825 | |
| Other amounts payable | 47/48 | €216,147 | €179,028 | -€37,119 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €922 | €922 | = | 0.0% |
| Other operating charges | 640/8 | €1,258 | €730 | -€529 | -42.0% |
| Gross operating margin | 9900 | €8,239 | €3,598 | -€4,641 | -56.3% |
| Operating profit (loss) | 9901 | €6,059 | €1,946 | -€4,112 | -67.9% |
| Financial income | 75/76B | €7 | €0 | -€7 | -100.0% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -100.0% |
| Financial charges | 65/66B | €721 | €50 | -€671 | -93.1% |
| Recurring financial charges | 65 | €721 | €50 | -€671 | -93.1% |
| Profit (loss) for the period before taxes | 9903 | €5,345 | €1,897 | -€3,448 | -64.5% |
| Profit (loss) for the period | 9904 | €5,345 | €1,897 | -€3,448 | -64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,345 | €1,897 | -€3,448 | -64.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.