NCO - Consulting: 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.
NCO - Consulting
Largest movements
- Receivables within one year -€431,178
down €431,178 (-93.3%), from €462,112 to €30,934
- Tangible fixed assets -€30,258
down €30,258 (-3.6%), from €833,035 to €802,777
of which Land and buildings: -€24,555
- Trade debts -€428,228
down €428,228 (-96.6%), from €443,405 to €15,177
- Debts after one year -€40,725
down €40,725 (-4.8%), from €844,929 to €804,204
- Tax, wage and social debts +€15,963
up €15,963 (+39.2%), from €40,726 to €56,689
of which Remuneration and social security: +€19,378
- Staff costs -€20,024
down €20,024 (-14.5%), from €138,500 to €118,476
- Gross operating margin +€19,986
up €19,986 (+12.3%), from €162,923 to €182,910
- Financial charges +€9,731
up €9,731 (+41.4%), from €23,499 to €33,230
- Depreciation +€7,793
up €7,793 (+28.6%), from €27,269 to €35,062
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 | €1,431,705 | €974,190 | -€457,515 | -32.0% |
| Fixed assets | 21/28 | €943,979 | €913,932 | -€30,047 | -3.2% |
| Tangible fixed assets | 22/27 | €833,035 | €802,777 | -€30,258 | -3.6% |
| Land and buildings | 22 | €798,810 | €774,255 | -€24,555 | -3.1% |
| Plant, machinery and equipment | 23 | - | €4,710 | +€4,710 | |
| Furniture and vehicles | 24 | €4,553 | €2,254 | -€2,299 | -50.5% |
| Other tangible fixed assets | 26 | €29,671 | €21,557 | -€8,114 | -27.3% |
| Financial fixed assets | 28 | €110,944 | €111,155 | +€211 | +0.2% |
| Current assets | 29/58 | €487,726 | €60,258 | -€427,468 | -87.6% |
| Amounts receivable within one year | 40/41 | €462,112 | €30,934 | -€431,178 | -93.3% |
| Trade receivables | 40 | €462,112 | €30,934 | -€431,178 | -93.3% |
| Cash at bank and in hand | 54/58 | €24,839 | €28,624 | +€3,785 | +15.2% |
| Deferred charges and accrued income | 490/1 | €775 | €700 | -€75 | -9.7% |
| Total equity and liabilities | 10/49 | €1,431,705 | €974,190 | -€457,515 | -32.0% |
| Equity | 10/15 | €5,824 | €93 | -€5,732 | -98.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,624 | -€2,107 | -€5,732 | |
| Amounts payable | 17/49 | €1,425,881 | €974,097 | -€451,783 | -31.7% |
| Amounts payable after more than one year | 17 | €844,929 | €804,204 | -€40,725 | -4.8% |
| Financial debts | 170/4 | €844,929 | €804,204 | -€40,725 | -4.8% |
| Amounts payable within one year | 42/48 | €580,952 | €169,893 | -€411,058 | -70.8% |
| Current portion of amounts payable after more than one year | 42 | €40,745 | €42,088 | +€1,343 | +3.3% |
| Trade debts | 44 | €443,405 | €15,177 | -€428,228 | -96.6% |
| Suppliers | 440/4 | €443,405 | €15,177 | -€428,228 | -96.6% |
| Taxes, remuneration and social security | 45 | €40,726 | €56,689 | +€15,963 | +39.2% |
| Taxes | 450/3 | €13,770 | €10,355 | -€3,415 | -24.8% |
| Remuneration and social security | 454/9 | €26,956 | €46,334 | +€19,378 | +71.9% |
| Other amounts payable | 47/48 | €56,075 | €55,939 | -€136 | -0.2% |
| Remuneration, social security and pensions | 62 | €138,500 | €118,476 | -€20,024 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,269 | €35,062 | +€7,793 | +28.6% |
| Other operating charges | 640/8 | €2,449 | €821 | -€1,627 | -66.5% |
| Gross operating margin | 9900 | €162,923 | €182,910 | +€19,986 | +12.3% |
| Operating profit (loss) | 9901 | -€5,294 | €28,551 | +€33,845 | |
| Financial income | 75/76B | €33 | €12 | -€21 | -63.4% |
| Recurring financial income | 75 | €33 | €12 | -€21 | -63.4% |
| Financial charges | 65/66B | €23,499 | €33,230 | +€9,731 | +41.4% |
| Recurring financial charges | 65 | €23,499 | €33,230 | +€9,731 | +41.4% |
| Profit (loss) for the period before taxes | 9903 | -€28,761 | -€4,667 | +€24,093 | +83.8% |
| Income taxes | 67/77 | - | €1,065 | +€1,065 | |
| Profit (loss) for the period | 9904 | -€28,761 | -€5,732 | +€23,029 | +80.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,761 | -€5,732 | +€23,029 | +80.1% |
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 19 October 2026 via checked.be.