NCD IDEAS: 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 IDEAS
Largest movements
- Receivables within one year +€4,900
up €4,900 (+27.1%), from €18,108 to €23,008
of which Other amounts receivable: +€6,419
- Stocks and contracts -€1,482
down €1,482 (-7.3%), from €20,334 to €18,852
- Deferred charges and accrued income +€1,359
up €1,359 (+437%), from €311 to €1,669
- Intangible fixed assets -€1,264
down €1,264 (-20.7%), from €6,103 to €4,839
- Cash +€1,148
up €1,148 (+104%), from €1,109 to €2,257
mainly Trade debts (+€12,886) and Tax, wage and social debts (+€6,439)
- Trade debts +€12,886
up €12,886 (+273%), from €4,719 to €17,605
- Profit (loss) carried forward -€9,078
down €9,078 (-107%), from -€8,498 to -€17,576
- Tax, wage and social debts +€6,439
up €6,439 (+41.2%), from €15,644 to €22,083
- Debts after one year -€5,037
down €5,037 (-53.4%), from €9,424 to €4,387
- Short-term financial debts +€1,282
up €1,282 (+17.1%), from €7,500 to €8,782
of which Credit institutions: +€4,282
- Gross operating margin -€17,087
down €17,087 (-82.6%), from €20,678 to €3,591
- Other operating charges -€3,084
down €3,084 (-45.6%), from €6,769 to €3,685
- Taxes -€2,005
down €2,005 (-28.8%), from €6,973 to €4,968
- Financial charges -€897
down €897 (-23.7%), from €3,778 to €2,881
- Depreciation +€810
up €810 (+69.4%), from €1,166 to €1,975
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 | €54,968 | €58,918 | +€3,950 | +7.2% |
| Fixed assets | 21/28 | €15,107 | €13,132 | -€1,975 | -13.1% |
| Intangible fixed assets | 21 | €6,103 | €4,839 | -€1,264 | -20.7% |
| Tangible fixed assets | 22/27 | €9,004 | €8,292 | -€711 | -7.9% |
| Plant, machinery and equipment | 23 | €1,214 | €939 | -€276 | -22.7% |
| Furniture and vehicles | 24 | €716 | €626 | -€90 | -12.6% |
| Other tangible fixed assets | 26 | €7,074 | €6,728 | -€346 | -4.9% |
| Current assets | 29/58 | €39,862 | €45,787 | +€5,925 | +14.9% |
| Stocks and contracts in progress | 3 | €20,334 | €18,852 | -€1,482 | -7.3% |
| Stocks | 30/36 | €20,334 | €18,852 | -€1,482 | -7.3% |
| Amounts receivable within one year | 40/41 | €18,108 | €23,008 | +€4,900 | +27.1% |
| Trade receivables | 40 | €12,367 | €10,848 | -€1,519 | -12.3% |
| Other amounts receivable | 41 | €5,741 | €12,160 | +€6,419 | +112% |
| Cash at bank and in hand | 54/58 | €1,109 | €2,257 | +€1,148 | +104% |
| Deferred charges and accrued income | 490/1 | €311 | €1,669 | +€1,359 | +437% |
| Total equity and liabilities | 10/49 | €54,968 | €58,918 | +€3,950 | +7.2% |
| Equity | 10/15 | €10,102 | €1,024 | -€9,078 | -89.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,498 | -€17,576 | -€9,078 | -107% |
| Amounts payable | 17/49 | €44,866 | €57,894 | +€13,028 | +29.0% |
| Amounts payable after more than one year | 17 | €9,424 | €4,387 | -€5,037 | -53.4% |
| Financial debts | 170/4 | €9,424 | €4,387 | -€5,037 | -53.4% |
| Amounts payable within one year | 42/48 | €34,454 | €53,507 | +€19,053 | +55.3% |
| Current portion of amounts payable after more than one year | 42 | €6,151 | €5,037 | -€1,114 | -18.1% |
| Financial debts | 43 | €7,500 | €8,782 | +€1,282 | +17.1% |
| Credit institutions | 430/8 | - | €4,282 | +€4,282 | |
| Other loans | 439 | €7,500 | €4,500 | -€3,000 | -40.0% |
| Trade debts | 44 | €4,719 | €17,605 | +€12,886 | +273% |
| Suppliers | 440/4 | €4,719 | €17,605 | +€12,886 | +273% |
| Taxes, remuneration and social security | 45 | €15,644 | €22,083 | +€6,439 | +41.2% |
| Taxes | 450/3 | €15,644 | €22,083 | +€6,439 | +41.2% |
| Other amounts payable | 47/48 | €440 | €0 | -€440 | -100% |
| Accrued charges and deferred income | 492/3 | €988 | €0 | -€988 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,166 | €1,975 | +€810 | +69.4% |
| Other operating charges | 640/8 | €6,769 | €3,685 | -€3,084 | -45.6% |
| Gross operating margin | 9900 | €20,678 | €3,591 | -€17,087 | -82.6% |
| Operating profit (loss) | 9901 | €12,744 | -€2,069 | -€14,812 | |
| Financial income | 75/76B | €644 | €839 | +€195 | +30.2% |
| Recurring financial income | 75 | €644 | €839 | +€195 | +30.2% |
| Financial charges | 65/66B | €3,778 | €2,881 | -€897 | -23.7% |
| Recurring financial charges | 65 | €3,778 | €2,881 | -€897 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €9,610 | -€4,110 | -€13,721 | |
| Income taxes | 67/77 | €6,973 | €4,968 | -€2,005 | -28.8% |
| Profit (loss) for the period | 9904 | €2,638 | -€9,078 | -€11,716 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,638 | -€9,078 | -€11,716 |
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 15 October 2026 via checked.be.