NCHASE: 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.
NCHASE
Largest movements
- Cash +€25,977
up €25,977 (+53.7%), from €48,395 to €74,372
mainly Net result for the year (+€38,323) and Other debts (+€34,000)
- Receivables within one year +€6,909
up €6,909 (+99.9%), from €6,914 to €13,824
- Stocks and contracts +€6,675
up €6,675 (+128.0%), from €5,217 to €11,892
- Intangible fixed assets +€3,755
up €3,755 (+5.3%), from €71,413 to €75,168
- Other debts +€34,000
new in 2025: €34,000
- Tax, wage and social debts +€6,791
up €6,791 (+140.7%), from €4,828 to €11,619
of which Taxes: +€5,164
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Current portion of long-term debt -€2,679
down €2,679 (-7.7%), from €34,585 to €31,906
- Gross operating margin +€25,122
up €25,122 (+63.7%), from €39,439 to €64,561
- Taxes +€3,199
up €3,199 (+43.7%), from €7,320 to €10,519
- Depreciation +€1,867
up €1,867 (+14.3%), from €13,067 to €14,935
- Other operating charges -€894
down €894 (-58.7%), from €1,523 to €628
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 | €138,701 | €182,913 | +€44,212 | +31.9% |
| Fixed assets | 21/28 | €76,814 | €80,964 | +€4,151 | +5.4% |
| Intangible fixed assets | 21 | €71,413 | €75,168 | +€3,755 | +5.3% |
| Tangible fixed assets | 22/27 | €5,308 | €5,703 | +€395 | +7.4% |
| Plant, machinery and equipment | 23 | €5,308 | €4,614 | -€694 | -13.1% |
| Furniture and vehicles | 24 | €0 | €1,089 | +€1,089 | +10893100.0% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €61,887 | €101,949 | +€40,062 | +64.7% |
| Stocks and contracts in progress | 3 | €5,217 | €11,892 | +€6,675 | +128.0% |
| Stocks | 30/36 | €5,217 | €11,892 | +€6,675 | +128.0% |
| Amounts receivable within one year | 40/41 | €6,914 | €13,824 | +€6,909 | +99.9% |
| Trade receivables | 40 | €6,914 | €13,824 | +€6,909 | +99.9% |
| Cash at bank and in hand | 54/58 | €48,395 | €74,372 | +€25,977 | +53.7% |
| Deferred charges and accrued income | 490/1 | €1,361 | €1,861 | +€500 | +36.8% |
| Total equity and liabilities | 10/49 | €138,701 | €182,913 | +€44,212 | +31.9% |
| Equity | 10/15 | €96,822 | €101,345 | +€4,523 | +4.7% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €52,804 | €52,804 | = | 0.0% |
| Distributable reserves | 133 | €52,804 | €52,804 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,618 | €29,941 | -€1,677 | -5.3% |
| Amounts payable | 17/49 | €41,878 | €81,568 | +€39,690 | +94.8% |
| Amounts payable within one year | 42/48 | €41,878 | €81,557 | +€39,679 | +94.7% |
| Current portion of amounts payable after more than one year | 42 | €34,585 | €31,906 | -€2,679 | -7.7% |
| Trade debts | 44 | €2,465 | €3,712 | +€1,246 | +50.6% |
| Suppliers | 440/4 | €2,465 | €3,712 | +€1,246 | +50.6% |
| Advances received on contracts in progress | 46 | - | €320 | +€320 | |
| Taxes, remuneration and social security | 45 | €4,828 | €11,619 | +€6,791 | +140.7% |
| Taxes | 450/3 | €4,828 | €9,991 | +€5,164 | +107.0% |
| Remuneration and social security | 454/9 | - | €1,628 | +€1,628 | |
| Other amounts payable | 47/48 | - | €34,000 | +€34,000 | |
| Accrued charges and deferred income | 492/3 | €0 | €11 | +€11 | +2456.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,067 | €14,935 | +€1,867 | +14.3% |
| Other operating charges | 640/8 | €1,523 | €628 | -€894 | -58.7% |
| Non-recurring operating charges | 66A | €232 | €0 | -€232 | -100.0% |
| Gross operating margin | 9900 | €39,439 | €64,561 | +€25,122 | +63.7% |
| Operating profit (loss) | 9901 | €24,617 | €48,998 | +€24,381 | +99.0% |
| Financial income | 75/76B | €42 | €74 | +€31 | +74.6% |
| Recurring financial income | 75 | €42 | €74 | +€31 | +74.6% |
| Financial charges | 65/66B | €275 | €230 | -€46 | -16.6% |
| Recurring financial charges | 65 | €275 | €230 | -€46 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €24,383 | €48,842 | +€24,459 | +100.3% |
| Income taxes | 67/77 | €7,320 | €10,519 | +€3,199 | +43.7% |
| Profit (loss) for the period | 9904 | €17,063 | €38,323 | +€21,260 | +124.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,063 | €38,323 | +€21,260 | +124.6% |
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 30 September 2026 via checked.be.