NCD CONSULT: 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.
NCD CONSULT
Largest movements
- Stocks and contracts +€150,246
up €150,246 (+41.9%), from €358,183 to €508,429
- Cash -€60,156
down €60,156 (-75.8%), from €79,350 to €19,194
mainly Stocks and contracts (-€150,246) and Trade debts (-€36,116)
- Receivables within one year -€14,441
down €14,441 (-44.6%), from €32,396 to €17,955
of which Other amounts receivable: -€11,902
- Reserves +€50,000
up €50,000 (+65.9%), from €75,860 to €125,860
- Profit (loss) carried forward +€39,865
up €39,865 (+27.5%), from €145,066 to €184,931
- Trade debts -€36,116
down €36,116 (-38.7%), from €93,236 to €57,120
- Debts after one year -€32,776
down €32,776 (-30.6%), from €107,283 to €74,507
- Other debts +€29,802
up €29,802 (+993%), from €3,000 to €32,802
- Gross operating margin +€36,082
up €36,082 (+27.2%), from €132,738 to €168,820
- Staff costs +€13,704
up €13,704 (+121%), from €11,288 to €24,992
- Taxes +€4,684
up €4,684 (+13.7%), from €34,116 to €38,800
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 | €491,986 | €562,846 | +€70,860 | +14.4% |
| Fixed assets | 21/28 | €20,681 | €17,268 | -€3,413 | -16.5% |
| Tangible fixed assets | 22/27 | €19,921 | €16,508 | -€3,413 | -17.1% |
| Plant, machinery and equipment | 23 | €2,886 | €1,168 | -€1,718 | -59.5% |
| Furniture and vehicles | 24 | €6,476 | €6,340 | -€136 | -2.1% |
| Other tangible fixed assets | 26 | €10,559 | €9,000 | -€1,559 | -14.8% |
| Financial fixed assets | 28 | €760 | €760 | = | 0.0% |
| Current assets | 29/58 | €471,305 | €545,578 | +€74,273 | +15.8% |
| Stocks and contracts in progress | 3 | €358,183 | €508,429 | +€150,246 | +41.9% |
| Stocks | 30/36 | €358,183 | €508,429 | +€150,246 | +41.9% |
| Amounts receivable within one year | 40/41 | €32,396 | €17,955 | -€14,441 | -44.6% |
| Trade receivables | 40 | €12,842 | €10,303 | -€2,539 | -19.8% |
| Other amounts receivable | 41 | €19,554 | €7,652 | -€11,902 | -60.9% |
| Cash at bank and in hand | 54/58 | €79,350 | €19,194 | -€60,156 | -75.8% |
| Deferred charges and accrued income | 490/1 | €1,376 | - | -€1,376 | |
| Total equity and liabilities | 10/49 | €491,986 | €562,846 | +€70,860 | +14.4% |
| Equity | 10/15 | €227,126 | €316,991 | +€89,865 | +39.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €75,860 | €125,860 | +€50,000 | +65.9% |
| Distributable reserves | 133 | €75,860 | €125,860 | +€50,000 | +65.9% |
| Profit (loss) carried forward | 14 | €145,066 | €184,931 | +€39,865 | +27.5% |
| Amounts payable | 17/49 | €264,860 | €245,855 | -€19,005 | -7.2% |
| Amounts payable after more than one year | 17 | €107,283 | €74,507 | -€32,776 | -30.6% |
| Financial debts | 170/4 | €107,283 | €74,507 | -€32,776 | -30.6% |
| Amounts payable within one year | 42/48 | €157,577 | €165,348 | +€7,771 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €31,548 | €32,776 | +€1,228 | +3.9% |
| Trade debts | 44 | €93,236 | €57,120 | -€36,116 | -38.7% |
| Suppliers | 440/4 | €93,236 | €57,120 | -€36,116 | -38.7% |
| Taxes, remuneration and social security | 45 | €29,793 | €42,650 | +€12,857 | +43.2% |
| Taxes | 450/3 | €27,293 | €29,715 | +€2,422 | +8.9% |
| Remuneration and social security | 454/9 | €2,500 | €12,935 | +€10,435 | +417% |
| Other amounts payable | 47/48 | €3,000 | €32,802 | +€29,802 | +993% |
| Accrued charges and deferred income | 492/3 | - | €6,000 | +€6,000 | |
| Remuneration, social security and pensions | 62 | €11,288 | €24,992 | +€13,704 | +121% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,266 | €7,005 | -€261 | -3.6% |
| Other operating charges | 640/8 | €2,266 | €2,824 | +€558 | +24.6% |
| Gross operating margin | 9900 | €132,738 | €168,820 | +€36,082 | +27.2% |
| Operating profit (loss) | 9901 | €111,918 | €133,999 | +€22,081 | +19.7% |
| Financial income | 75/76B | €2,069 | €1,546 | -€523 | -25.3% |
| Recurring financial income | 75 | €2,069 | €1,546 | -€523 | -25.3% |
| Financial charges | 65/66B | €5,536 | €6,880 | +€1,344 | +24.3% |
| Recurring financial charges | 65 | €5,536 | €6,880 | +€1,344 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | €108,451 | €128,665 | +€20,214 | +18.6% |
| Income taxes | 67/77 | €34,116 | €38,800 | +€4,684 | +13.7% |
| Profit (loss) for the period | 9904 | €74,335 | €89,865 | +€15,530 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,335 | €89,865 | +€15,530 | +20.9% |
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.