NCI: 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.
NCI
Largest movements
- Receivables within one year -€98,311
down €98,311 (-74.6%), from €131,720 to €33,408
of which Other amounts receivable: -€60,612
- Other debts -€90,000
down €90,000 (-100.0%), from €90,000 to €0
- Reserves +€78,000
up €78,000 (+50.3%), from €155,000 to €233,000
- Trade debts -€43,993
down €43,993 (-95.9%), from €45,879 to €1,886
- Gross operating margin +€87,302
up €87,302 (+156.6%), from €55,745 to €143,047
- Financial income -€76,476
down €76,476 (-96.4%), from €79,366 to €2,890
- Taxes +€21,526
up €21,526 (+119.3%), from €18,046 to €39,572
- Depreciation +€3,152
up €3,152 (+13.7%), from €22,986 to €26,139
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 | €2,806,152 | €2,733,773 | -€72,378 | -2.6% |
| Fixed assets | 21/28 | €2,577,524 | €2,582,211 | +€4,687 | +0.2% |
| Tangible fixed assets | 22/27 | €58,524 | €63,211 | +€4,687 | +8.0% |
| Plant, machinery and equipment | 23 | €1,736 | €7,232 | +€5,496 | +316.6% |
| Furniture and vehicles | 24 | €17,666 | €8,863 | -€8,803 | -49.8% |
| Other tangible fixed assets | 26 | €39,122 | €47,116 | +€7,993 | +20.4% |
| Financial fixed assets | 28 | €2,519,000 | €2,519,000 | = | 0.0% |
| Current assets | 29/58 | €228,628 | €151,563 | -€77,065 | -33.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €21,804 | €21,337 | -€467 | -2.1% |
| Stocks | 30/36 | €21,804 | €21,337 | -€467 | -2.1% |
| Amounts receivable within one year | 40/41 | €131,720 | €33,408 | -€98,311 | -74.6% |
| Trade receivables | 40 | €45,986 | €8,286 | -€37,700 | -82.0% |
| Other amounts receivable | 41 | €85,734 | €25,122 | -€60,612 | -70.7% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €70,492 | €92,572 | +€22,080 | +31.3% |
| Deferred charges and accrued income | 490/1 | €4,612 | €4,245 | -€366 | -7.9% |
| Total equity and liabilities | 10/49 | €2,806,152 | €2,733,773 | -€72,378 | -2.6% |
| Equity | 10/15 | €2,623,144 | €2,701,435 | +€78,290 | +3.0% |
| Contributions | 10/11 | €78,086 | €78,086 | = | 0.0% |
| Revaluation surpluses | 12 | €2,380,000 | €2,380,000 | = | 0.0% |
| Reserves | 13 | €155,000 | €233,000 | +€78,000 | +50.3% |
| Distributable reserves | 133 | €155,000 | €233,000 | +€78,000 | +50.3% |
| Profit (loss) carried forward | 14 | €10,058 | €10,348 | +€290 | +2.9% |
| Amounts payable | 17/49 | €183,007 | €32,339 | -€150,669 | -82.3% |
| Amounts payable after more than one year | 17 | €16,670 | €5,182 | -€11,489 | -68.9% |
| Financial debts | 170/4 | €16,670 | €5,182 | -€11,489 | -68.9% |
| Amounts payable within one year | 42/48 | €166,337 | €27,157 | -€139,180 | -83.7% |
| Current portion of amounts payable after more than one year | 42 | €18,358 | €11,489 | -€6,869 | -37.4% |
| Trade debts | 44 | €45,879 | €1,886 | -€43,993 | -95.9% |
| Suppliers | 440/4 | €45,879 | €1,886 | -€43,993 | -95.9% |
| Taxes, remuneration and social security | 45 | €12,100 | €13,782 | +€1,682 | +13.9% |
| Taxes | 450/3 | €12,100 | €13,782 | +€1,682 | +13.9% |
| Other amounts payable | 47/48 | €90,000 | €0 | -€90,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,986 | €26,139 | +€3,152 | +13.7% |
| Other operating charges | 640/8 | €1,435 | €1,157 | -€278 | -19.4% |
| Gross operating margin | 9900 | €55,745 | €143,047 | +€87,302 | +156.6% |
| Operating profit (loss) | 9901 | €31,323 | €115,751 | +€84,428 | +269.5% |
| Financial income | 75/76B | €79,366 | €2,890 | -€76,476 | -96.4% |
| Recurring financial income | 75 | €79,366 | €2,890 | -€76,476 | -96.4% |
| Financial charges | 65/66B | €1,516 | €779 | -€738 | -48.7% |
| Recurring financial charges | 65 | €1,516 | €779 | -€738 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €109,172 | €117,863 | +€8,691 | +8.0% |
| Income taxes | 67/77 | €18,046 | €39,572 | +€21,526 | +119.3% |
| Profit (loss) for the period | 9904 | €91,126 | €78,290 | -€12,836 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €91,126 | €78,290 | -€12,836 | -14.1% |
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 5 October 2026 via checked.be.