NCD Consultants: 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 Consultants
Largest movements
- Cash -€12,141
down €12,141 (-22.7%), from €53,588 to €41,447
mainly Net result for the year (-€17,426) and Investment in fixed assets (net) (-€5,197)
- Receivables within one year +€4,173
up €4,173 (+165%), from €2,533 to €6,706
of which Trade receivables: +€3,822
- Tangible fixed assets +€3,953
up €3,953 (+116%), from €3,406 to €7,359
- Profit (loss) carried forward -€17,426
down €17,426 (-86.4%), from €20,164 to €2,737
- Other debts +€14,367
up €14,367 (+54.8%), from €26,200 to €40,567
- Trade debts -€1,395
down €1,395 (-56.7%), from €2,463 to €1,067
- Gross operating margin -€45,488
down €45,488, from €29,884 to -€15,605
- Taxes -€5,525
down €5,525 (-96.9%), from €5,700 to €175
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 | €59,526 | €55,512 | -€4,014 | -6.7% |
| Fixed assets | 21/28 | €3,406 | €7,359 | +€3,953 | +116% |
| Tangible fixed assets | 22/27 | €3,406 | €7,359 | +€3,953 | +116% |
| Furniture and vehicles | 24 | €3,406 | €7,359 | +€3,953 | +116% |
| Current assets | 29/58 | €56,121 | €48,153 | -€7,968 | -14.2% |
| Amounts receivable within one year | 40/41 | €2,533 | €6,706 | +€4,173 | +165% |
| Trade receivables | 40 | €1,641 | €5,463 | +€3,822 | +233% |
| Other amounts receivable | 41 | €892 | €1,243 | +€351 | +39.4% |
| Cash at bank and in hand | 54/58 | €53,588 | €41,447 | -€12,141 | -22.7% |
| Total equity and liabilities | 10/49 | €59,526 | €55,512 | -€4,014 | -6.7% |
| Equity | 10/15 | €25,164 | €7,737 | -€17,426 | -69.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,164 | €2,737 | -€17,426 | -86.4% |
| Amounts payable | 17/49 | €34,363 | €47,774 | +€13,412 | +39.0% |
| Amounts payable within one year | 42/48 | €34,363 | €47,774 | +€13,412 | +39.0% |
| Trade debts | 44 | €2,463 | €1,067 | -€1,395 | -56.7% |
| Suppliers | 440/4 | €2,463 | €1,067 | -€1,395 | -56.7% |
| Taxes, remuneration and social security | 45 | €5,700 | €6,141 | +€441 | +7.7% |
| Taxes | 450/3 | €5,700 | €6,141 | +€441 | +7.7% |
| Other amounts payable | 47/48 | €26,200 | €40,567 | +€14,367 | +54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,415 | €1,244 | -€171 | -12.1% |
| Other operating charges | 640/8 | €387 | €145 | -€242 | -62.6% |
| Gross operating margin | 9900 | €29,884 | -€15,605 | -€45,488 | |
| Operating profit (loss) | 9901 | €28,081 | -€16,993 | -€45,075 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €218 | €258 | +€41 | +18.7% |
| Recurring financial charges | 65 | €218 | €258 | +€41 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | €27,864 | -€17,252 | -€45,115 | |
| Income taxes | 67/77 | €5,700 | €175 | -€5,525 | -96.9% |
| Profit (loss) for the period | 9904 | €22,164 | -€17,426 | -€39,590 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,164 | -€17,426 | -€39,590 |
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 17 October 2026 via checked.be.