NCMC: 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.
NCMC
Largest movements
- Cash +€48,557
up €48,557 (+301.9%), from €16,083 to €64,639
mainly Net result for the year (+€44,559) and Tax, wage and social debts (+€10,441)
- Receivables within one year +€2,435
new in 2025: €2,435
- Tangible fixed assets -€1,300
down €1,300 (-3.2%), from €40,402 to €39,102
of which Furniture and vehicles: -€3,374
- Reserves +€44,550
new in 2025: €44,550
- Tax, wage and social debts +€10,441
up €10,441 (+72.2%), from €14,462 to €24,902
of which Taxes: +€10,440
- Other debts -€7,126
down €7,126 (-98.9%), from €7,208 to €82
- Trade debts +€2,099
up €2,099 (+54.0%), from €3,886 to €5,985
- Gross operating margin +€34,805
up €34,805 (+92.2%), from €37,746 to €72,551
- Taxes +€11,609
up €11,609 (+196.2%), from €5,917 to €17,526
- Depreciation +€2,606
up €2,606 (+51.3%), from €5,079 to €7,685
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 | €57,504 | €107,477 | +€49,973 | +86.9% |
| Fixed assets | 21/28 | €40,402 | €39,102 | -€1,300 | -3.2% |
| Tangible fixed assets | 22/27 | €40,402 | €39,102 | -€1,300 | -3.2% |
| Furniture and vehicles | 24 | €8,189 | €4,815 | -€3,374 | -41.2% |
| Other tangible fixed assets | 26 | €32,213 | €34,287 | +€2,074 | +6.4% |
| Current assets | 29/58 | €17,102 | €68,375 | +€51,273 | +299.8% |
| Amounts receivable within one year | 40/41 | - | €2,435 | +€2,435 | |
| Trade receivables | 40 | - | €2,435 | +€2,435 | |
| Cash at bank and in hand | 54/58 | €16,083 | €64,639 | +€48,557 | +301.9% |
| Deferred charges and accrued income | 490/1 | €1,019 | €1,301 | +€282 | +27.7% |
| Total equity and liabilities | 10/49 | €57,504 | €107,477 | +€49,973 | +86.9% |
| Equity | 10/15 | €31,949 | €76,507 | +€44,559 | +139.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €44,550 | +€44,550 | |
| Distributable reserves | 133 | - | €44,550 | +€44,550 | |
| Profit (loss) carried forward | 14 | €29,949 | €29,957 | +€9 | 0.0% |
| Amounts payable | 17/49 | €25,555 | €30,969 | +€5,414 | +21.2% |
| Amounts payable within one year | 42/48 | €25,555 | €30,969 | +€5,414 | +21.2% |
| Trade debts | 44 | €3,886 | €5,985 | +€2,099 | +54.0% |
| Suppliers | 440/4 | €3,886 | €5,985 | +€2,099 | +54.0% |
| Taxes, remuneration and social security | 45 | €14,462 | €24,902 | +€10,441 | +72.2% |
| Taxes | 450/3 | €14,462 | €24,902 | +€10,440 | +72.2% |
| Remuneration and social security | 454/9 | - | €0 | +€0 | |
| Other amounts payable | 47/48 | €7,208 | €82 | -€7,126 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,079 | €7,685 | +€2,606 | +51.3% |
| Other operating charges | 640/8 | €364 | €329 | -€35 | -9.7% |
| Gross operating margin | 9900 | €37,746 | €72,551 | +€34,805 | +92.2% |
| Operating profit (loss) | 9901 | €32,303 | €64,537 | +€32,234 | +99.8% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €3,022 | €2,467 | -€555 | -18.4% |
| Recurring financial charges | 65 | €3,022 | €2,467 | -€555 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €29,281 | €62,085 | +€32,804 | +112.0% |
| Income taxes | 67/77 | €5,917 | €17,526 | +€11,609 | +196.2% |
| Profit (loss) for the period | 9904 | €23,364 | €44,559 | +€21,195 | +90.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,364 | €44,559 | +€21,195 | +90.7% |
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 6 October 2026 via checked.be.