NCLex: 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.
NCLex
Largest movements
- Cash +€9,855
up €9,855 (+10.6%), from €92,851 to €102,705
mainly Other debts (+€51,599) and Net result for the year (+€35,541)
- Tangible fixed assets -€4,368
down €4,368 (-53.2%), from €8,204 to €3,836
of which Furniture and vehicles: -€3,847
- Receivables within one year +€1,784
up €1,784 (+85.1%), from €2,097 to €3,881
of which Trade receivables: +€2,139
- Deferred charges and accrued income -€1,324
down €1,324 (-73.9%), from €1,792 to €468
- Other debts +€51,599
up €51,599 (+584%), from €8,830 to €60,429
- Profit (loss) carried forward -€49,575
no longer reported in 2025 (was €49,575)
- Tax, wage and social debts +€3,138
up €3,138 (+54.6%), from €5,753 to €8,891
- Gross operating margin +€13,645
up €13,645 (+37.1%), from €36,779 to €50,424
- Taxes +€2,944
up €2,944 (+40.2%), from €7,320 to €10,264
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 | €104,943 | €110,891 | +€5,947 | +5.7% |
| Fixed assets | 21/28 | €8,204 | €3,836 | -€4,368 | -53.2% |
| Tangible fixed assets | 22/27 | €8,204 | €3,836 | -€4,368 | -53.2% |
| Plant, machinery and equipment | 23 | €1,058 | €537 | -€521 | -49.3% |
| Furniture and vehicles | 24 | €7,146 | €3,299 | -€3,847 | -53.8% |
| Current assets | 29/58 | €96,740 | €107,055 | +€10,315 | +10.7% |
| Amounts receivable within one year | 40/41 | €2,097 | €3,881 | +€1,784 | +85.1% |
| Trade receivables | 40 | - | €2,139 | +€2,139 | |
| Other amounts receivable | 41 | €2,097 | €1,742 | -€355 | -16.9% |
| Cash at bank and in hand | 54/58 | €92,851 | €102,705 | +€9,855 | +10.6% |
| Deferred charges and accrued income | 490/1 | €1,792 | €468 | -€1,324 | -73.9% |
| Total equity and liabilities | 10/49 | €104,943 | €110,891 | +€5,947 | +5.7% |
| Equity | 10/15 | €89,947 | €40,371 | -€49,575 | -55.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €38,371 | €38,371 | = | 0.0% |
| Distributable reserves | 133 | €38,371 | €38,371 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,575 | - | -€49,575 | |
| Amounts payable | 17/49 | €14,997 | €70,519 | +€55,523 | +370% |
| Amounts payable within one year | 42/48 | €14,997 | €70,519 | +€55,523 | +370% |
| Trade debts | 44 | €414 | €1,200 | +€785 | +190% |
| Suppliers | 440/4 | €414 | €1,200 | +€785 | +190% |
| Taxes, remuneration and social security | 45 | €5,753 | €8,891 | +€3,138 | +54.6% |
| Taxes | 450/3 | €5,753 | €8,891 | +€3,138 | +54.6% |
| Other amounts payable | 47/48 | €8,830 | €60,429 | +€51,599 | +584% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,352 | €4,368 | +€16 | +0.4% |
| Other operating charges | 640/8 | €467 | €463 | -€4 | -0.9% |
| Gross operating margin | 9900 | €36,779 | €50,424 | +€13,645 | +37.1% |
| Operating profit (loss) | 9901 | €31,960 | €45,593 | +€13,633 | +42.7% |
| Financial income | 75/76B | €313 | €302 | -€10 | -3.3% |
| Recurring financial income | 75 | €313 | €302 | -€10 | -3.3% |
| Financial charges | 65/66B | €49 | €91 | +€42 | +86.1% |
| Recurring financial charges | 65 | €49 | €91 | +€42 | +86.1% |
| Profit (loss) for the period before taxes | 9903 | €32,224 | €45,805 | +€13,581 | +42.1% |
| Income taxes | 67/77 | €7,320 | €10,264 | +€2,944 | +40.2% |
| Profit (loss) for the period | 9904 | €24,903 | €35,541 | +€10,638 | +42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,903 | €35,541 | +€10,638 | +42.7% |
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 13 October 2026 via checked.be.