NCF Consult: 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.
NCF Consult
Largest movements
- Receivables within one year +€32,128
up €32,128 (+82.8%), from €38,786 to €70,914
of which Other amounts receivable: +€43,463
- Tangible fixed assets -€17,704
down €17,704 (-26.0%), from €68,088 to €50,384
- Cash -€17,360
down €17,360 (-73.4%), from €23,650 to €6,289
mainly Receivables within one year (-€32,128) and Debts after one year (-€24,607)
- Deferred charges and accrued income -€2,663
down €2,663 (-67.0%), from €3,972 to €1,309
- Debts after one year -€24,607
down €24,607 (-85.7%), from €28,708 to €4,101
- Profit (loss) carried forward +€9,764
up €9,764 (+29.1%), from €33,531 to €43,295
- Trade debts +€4,829
up €4,829 (+35.0%), from €13,785 to €18,614
- Tax, wage and social debts +€3,378
up €3,378 (+10.8%), from €31,236 to €34,614
of which Remuneration and social security: +€9,767
- Gross operating margin -€45,830
down €45,830 (-41.6%), from €110,075 to €64,245
- Financial charges -€9,139
down €9,139 (-98.6%), from €9,270 to €131
- Other operating charges -€5,423
down €5,423 (-76.6%), from €7,076 to €1,653
- Write-downs -€3,268
down €3,268 (-92.9%), from €3,518 to €250
- Staff costs -€2,463
down €2,463 (-8.1%), from €30,544 to €28,080
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.
Cash bridge derived
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 | €135,585 | €128,896 | -€6,688 | -4.9% |
| Fixed assets | 21/28 | €69,177 | €50,384 | -€18,793 | -27.2% |
| Tangible fixed assets | 22/27 | €68,088 | €50,384 | -€17,704 | -26.0% |
| Furniture and vehicles | 24 | €68,088 | €50,384 | -€17,704 | -26.0% |
| Financial fixed assets | 28 | €1,089 | - | -€1,089 | |
| Current assets | 29/58 | €66,408 | €78,512 | +€12,105 | +18.2% |
| Amounts receivable within one year | 40/41 | €38,786 | €70,914 | +€32,128 | +82.8% |
| Trade receivables | 40 | €34,586 | €23,251 | -€11,334 | -32.8% |
| Other amounts receivable | 41 | €4,200 | €47,663 | +€43,463 | +1034.8% |
| Cash at bank and in hand | 54/58 | €23,650 | €6,289 | -€17,360 | -73.4% |
| Deferred charges and accrued income | 490/1 | €3,972 | €1,309 | -€2,663 | -67.0% |
| Total equity and liabilities | 10/49 | €135,585 | €128,896 | -€6,688 | -4.9% |
| Equity | 10/15 | €35,531 | €45,295 | +€9,764 | +27.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,531 | €43,295 | +€9,764 | +29.1% |
| Amounts payable | 17/49 | €100,053 | €83,601 | -€16,452 | -16.4% |
| Amounts payable after more than one year | 17 | €28,708 | €4,101 | -€24,607 | -85.7% |
| Financial debts | 170/4 | €28,708 | €4,101 | -€24,607 | -85.7% |
| Amounts payable within one year | 42/48 | €71,346 | €79,500 | +€8,155 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €24,607 | €24,607 | = | 0.0% |
| Trade debts | 44 | €13,785 | €18,614 | +€4,829 | +35.0% |
| Suppliers | 440/4 | €13,785 | €18,614 | +€4,829 | +35.0% |
| Taxes, remuneration and social security | 45 | €31,236 | €34,614 | +€3,378 | +10.8% |
| Taxes | 450/3 | €23,225 | €16,836 | -€6,389 | -27.5% |
| Remuneration and social security | 454/9 | €8,010 | €17,778 | +€9,767 | +121.9% |
| Other amounts payable | 47/48 | €1,718 | €1,666 | -€52 | -3.0% |
| Non-recurring operating income | 76A | €19,133 | - | -€19,133 | |
| Remuneration, social security and pensions | 62 | €30,544 | €28,080 | -€2,463 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,984 | €19,475 | +€491 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,518 | €250 | -€3,268 | -92.9% |
| Other operating charges | 640/8 | €7,076 | €1,653 | -€5,423 | -76.6% |
| Gross operating margin | 9900 | €110,075 | €64,245 | -€45,830 | -41.6% |
| Operating profit (loss) | 9901 | €49,954 | €14,787 | -€35,167 | -70.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €9,270 | €131 | -€9,139 | -98.6% |
| Recurring financial charges | 65 | €9,270 | €131 | -€9,139 | -98.6% |
| Profit (loss) for the period before taxes | 9903 | €40,684 | €14,656 | -€26,029 | -64.0% |
| Income taxes | 67/77 | €5,435 | €3,226 | -€2,209 | -40.6% |
| Profit (loss) for the period | 9904 | €35,249 | €11,430 | -€23,820 | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,249 | €11,430 | -€23,820 | -67.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.