NCLS: 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.
NCLS
Largest movements
- Cash +€21,202
up €21,202 (+44.7%), from €47,412 to €68,613
mainly Other debts (+€87,924) and Net result for the year (+€61,497)
- Tangible fixed assets +€5,278
up €5,278 (+13.3%), from €39,647 to €44,924
of which Furniture and vehicles: +€11,073
- Deferred charges and accrued income +€1,997
new in 2025: €1,997
- Other debts +€87,924
up €87,924 (+359.3%), from €24,468 to €112,392
- Profit (loss) carried forward -€48,667
no longer reported in 2025 (was €48,667)
- Current portion of long-term debt -€11,130
no longer reported in 2025 (was €11,130)
- Gross operating margin +€28,716
up €28,716 (+42.7%), from €67,201 to €95,917
- Taxes +€11,846
up €11,846 (+124.1%), from €9,546 to €21,391
- Depreciation -€11,174
down €11,174 (-53.5%), from €20,881 to €9,706
- Other operating charges +€2,173
up €2,173 (+231.9%), from €937 to €3,109
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 | €101,079 | €130,048 | +€28,969 | +28.7% |
| Fixed assets | 21/28 | €39,647 | €44,924 | +€5,278 | +13.3% |
| Tangible fixed assets | 22/27 | €39,647 | €44,924 | +€5,278 | +13.3% |
| Furniture and vehicles | 24 | €21,190 | €32,263 | +€11,073 | +52.3% |
| Other tangible fixed assets | 26 | €18,457 | €12,662 | -€5,795 | -31.4% |
| Current assets | 29/58 | €61,433 | €85,123 | +€23,691 | +38.6% |
| Amounts receivable within one year | 40/41 | €14,021 | €14,513 | +€492 | +3.5% |
| Trade receivables | 40 | €14,021 | €14,513 | +€492 | +3.5% |
| Cash at bank and in hand | 54/58 | €47,412 | €68,613 | +€21,202 | +44.7% |
| Deferred charges and accrued income | 490/1 | - | €1,997 | +€1,997 | |
| Total equity and liabilities | 10/49 | €101,079 | €130,048 | +€28,969 | +28.7% |
| Equity | 10/15 | €53,667 | €5,000 | -€48,667 | -90.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,667 | - | -€48,667 | |
| Amounts payable | 17/49 | €47,412 | €125,048 | +€77,635 | +163.7% |
| Amounts payable within one year | 42/48 | €47,412 | €125,048 | +€77,635 | +163.7% |
| Current portion of amounts payable after more than one year | 42 | €11,130 | - | -€11,130 | |
| Trade debts | 44 | €22 | €243 | +€221 | +1002.8% |
| Suppliers | 440/4 | €22 | €243 | +€221 | +1002.8% |
| Taxes, remuneration and social security | 45 | €11,792 | €12,413 | +€621 | +5.3% |
| Taxes | 450/3 | €9,792 | €12,413 | +€2,621 | +26.8% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €24,468 | €112,392 | +€87,924 | +359.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,881 | €9,706 | -€11,174 | -53.5% |
| Other operating charges | 640/8 | €937 | €3,109 | +€2,173 | +231.9% |
| Gross operating margin | 9900 | €67,201 | €95,917 | +€28,716 | +42.7% |
| Operating profit (loss) | 9901 | €45,383 | €83,101 | +€37,718 | +83.1% |
| Financial charges | 65/66B | €431 | €213 | -€219 | -50.7% |
| Recurring financial charges | 65 | €431 | €213 | -€219 | -50.7% |
| Profit (loss) for the period before taxes | 9903 | €44,952 | €82,888 | +€37,936 | +84.4% |
| Income taxes | 67/77 | €9,546 | €21,391 | +€11,846 | +124.1% |
| Profit (loss) for the period | 9904 | €35,406 | €61,497 | +€26,091 | +73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,406 | €61,497 | +€26,091 | +73.7% |
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 11 October 2026 via checked.be.