NCH: 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.
NCH
Largest movements
- Cash -€84,613
down €84,613 (-85.0%), from €99,551 to €14,938
mainly Contributions, distributions and other (-€94,808) and Investment in fixed assets (net) (-€13,600)
- Tangible fixed assets +€11,409
up €11,409 (+126%), from €9,020 to €20,429
of which Other tangible fixed assets: +€13,600
- Receivables within one year +€3,459
up €3,459 (+25.2%), from €13,746 to €17,205
- Deferred charges and accrued income +€1,482
up €1,482 (+53.2%), from €2,785 to €4,266
- Profit (loss) carried forward -€57,873
down €57,873 (-61.0%), from €94,808 to €36,936
- Tax, wage and social debts -€11,532
down €11,532 (-41.8%), from €27,587 to €16,055
- Gross operating margin +€3,574
up €3,574 (+7.5%), from €47,833 to €51,406
- Taxes +€580
up €580 (+6.0%), from €9,702 to €10,282
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 | €125,102 | €56,838 | -€68,264 | -54.6% |
| Fixed assets | 21/28 | €9,020 | €20,429 | +€11,409 | +126% |
| Tangible fixed assets | 22/27 | €9,020 | €20,429 | +€11,409 | +126% |
| Furniture and vehicles | 24 | €7,862 | €5,671 | -€2,191 | -27.9% |
| Other tangible fixed assets | 26 | €1,158 | €14,758 | +€13,600 | +1,174% |
| Current assets | 29/58 | €116,081 | €36,409 | -€79,673 | -68.6% |
| Amounts receivable within one year | 40/41 | €13,746 | €17,205 | +€3,459 | +25.2% |
| Trade receivables | 40 | €13,746 | €17,205 | +€3,459 | +25.2% |
| Cash at bank and in hand | 54/58 | €99,551 | €14,938 | -€84,613 | -85.0% |
| Deferred charges and accrued income | 490/1 | €2,785 | €4,266 | +€1,482 | +53.2% |
| Total equity and liabilities | 10/49 | €125,102 | €56,838 | -€68,264 | -54.6% |
| Equity | 10/15 | €96,808 | €38,936 | -€57,873 | -59.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,808 | €36,936 | -€57,873 | -61.0% |
| Amounts payable | 17/49 | €28,293 | €17,903 | -€10,391 | -36.7% |
| Amounts payable within one year | 42/48 | €28,293 | €17,903 | -€10,391 | -36.7% |
| Trade debts | 44 | €689 | €1,830 | +€1,141 | +165% |
| Suppliers | 440/4 | €689 | €1,830 | +€1,141 | +165% |
| Taxes, remuneration and social security | 45 | €27,587 | €16,055 | -€11,532 | -41.8% |
| Taxes | 450/3 | €27,587 | €16,055 | -€11,532 | -41.8% |
| Other amounts payable | 47/48 | €17 | €17 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,136 | €2,191 | +€55 | +2.6% |
| Other operating charges | 640/8 | €604 | €887 | +€283 | +46.8% |
| Gross operating margin | 9900 | €47,833 | €51,406 | +€3,574 | +7.5% |
| Operating profit (loss) | 9901 | €45,093 | €48,329 | +€3,236 | +7.2% |
| Financial charges | 65/66B | €1,580 | €1,111 | -€469 | -29.7% |
| Recurring financial charges | 65 | €1,580 | €1,111 | -€469 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €43,512 | €47,218 | +€3,705 | +8.5% |
| Income taxes | 67/77 | €9,702 | €10,282 | +€580 | +6.0% |
| Profit (loss) for the period | 9904 | €33,810 | €36,936 | +€3,125 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,810 | €36,936 | +€3,125 | +9.2% |
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.