NCOI: 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.
What changed
NCOI
NACE 85.592, Vocational training
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€502,239
2024 · -€1.3m+€775,900
Equity
€1.1m
2024 · €642,303+€497,761
Cash
€842,233
2024 · €1.0m-€166,100
Balance sheet total
€4.6m
2024 · €4.8m-€167,349
Largest movements
Assets
- Receivables after one year +€500,000
up €500,000 (+33.3%), from €1.5m to €2.0m
- Intangible fixed assets -€243,310
down €243,310 (-45.6%), from €533,038 to €289,728
- Receivables within one year -€186,444
down €186,444 (-12.8%), from €1.5m to €1.3m
of which Trade receivables: -€171,447
- Cash -€166,100
down €166,100 (-16.5%), from €1.0m to €842,233
mainly Trade debts (-€571,905) and Net result for the year (-€502,239)
Equity and liabilities
- Profit (loss) carried forward +€3.1m
up €3.1m (+86.0%), from -€3.6m to -€502,239
- Contributions -€2.6m
down €2.6m (-63.9%), from €4.1m to €1.5m
- Trade debts -€571,905
down €571,905 (-29.2%), from €2.0m to €1.4m
- Accrued charges and deferred income -€94,488
down €94,488 (-6.1%), from €1.5m to €1.4m
Income statement
- Turnover -€774,728
down €774,728 (-7.1%), from €10.9m to €10.1m
- Services and other goods -€687,440
down €687,440 (-18.5%), from €3.7m to €3.0m
- Goods and materials -€321,388
down €321,388 (-7.2%), from €4.4m to €4.1m
- Staff costs -€215,686
down €215,686 (-6.0%), from €3.6m to €3.3m
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.
Result 2024
-€1.3m
Turnover
-€774,728
Other operating income
+€10,933
Goods and materials
+€321,388
Services and other goods
+€687,440
Staff costs
+€215,686
Depreciation
+€50,023
Provisions
-€17,432
Other operating charges
+€27,607
Other operating items
+€217,474
Financial income
+€36,957
Financial charges
+€196
Taxes
+€356
Result 2025
-€502,239
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.
From operations
-€1.1m
Investment
-€18,024
Financing
+€1.0m
Cash 2024
€1.0m
From operations (derived)
-€1.1m
Net result for the year
-€502,239
Depreciation
+€288,114
Receivables after one year
-€500,000
Receivables within one year
+€186,444
Deferred charges and accrued income
+€44,715
Trade debts
-€571,905
Tax, wage and social debts
-€3,146
Other debts
+€4,428
Accrued charges and deferred income
-€94,488
Investment (derived)
-€18,024
Investment in fixed assets (net)
-€18,024
Financing
+€1.0m
Contributions, distributions and other
+€1.0m
Cash 2025
€842,233
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,750,557 | €4,583,208 | -€167,349 | -3.5% |
| Fixed assets | 21/28 | €573,138 | €303,048 | -€270,090 | -47.1% |
| Intangible fixed assets | 21 | €533,038 | €289,728 | -€243,310 | -45.6% |
| Tangible fixed assets | 22/27 | €39,889 | €13,090 | -€26,800 | -67.2% |
| Plant, machinery and equipment | 23 | €9,385 | €2,692 | -€6,693 | -71.3% |
| Furniture and vehicles | 24 | €7,945 | €6,583 | -€1,362 | -17.1% |
| Other tangible fixed assets | 26 | €5,350 | €3,815 | -€1,536 | -28.7% |
| Assets under construction and advance payments | 27 | €17,209 | €0 | -€17,209 | -100.0% |
| Financial fixed assets | 28 | €210 | €230 | +€20 | +9.5% |
| Other financial fixed assets | 284/8 | €210 | €230 | +€20 | +9.5% |
| Amounts receivable and cash guarantees | 285/8 | €210 | €230 | +€20 | +9.5% |
| Current assets | 29/58 | €4,177,419 | €4,280,160 | +€102,741 | +2.5% |
| Amounts receivable after more than one year | 29 | €1,500,000 | €2,000,000 | +€500,000 | +33.3% |
| Other amounts receivable | 291 | €1,500,000 | €2,000,000 | +€500,000 | +33.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,459,089 | €1,272,646 | -€186,444 | -12.8% |
| Trade receivables | 40 | €1,444,093 | €1,272,646 | -€171,447 | -11.9% |
| Other amounts receivable | 41 | €14,996 | €0 | -€14,996 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,008,334 | €842,233 | -€166,100 | -16.5% |
| Deferred charges and accrued income | 490/1 | €209,996 | €165,281 | -€44,715 | -21.3% |
| Total equity and liabilities | 10/49 | €4,750,557 | €4,583,208 | -€167,349 | -3.5% |
| Equity | 10/15 | €642,303 | €1,140,064 | +€497,761 | +77.5% |
| Contributions | 10/11 | €4,062,000 | €1,467,150 | -€2.6m | -63.9% |
| Capital | 10 | €4,062,000 | €1,467,150 | -€2.6m | -63.9% |
| Issued capital | 100 | €4,062,000 | €1,467,150 | -€2.6m | -63.9% |
| Reserves | 13 | €175,153 | €175,153 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €168,953 | €168,953 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,594,850 | -€502,239 | +€3.1m | +86.0% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Amounts payable | 17/49 | €4,108,254 | €3,443,144 | -€665,111 | -16.2% |
| Amounts payable within one year | 42/48 | €2,570,792 | €2,000,170 | -€570,623 | -22.2% |
| Trade debts | 44 | €1,960,697 | €1,388,792 | -€571,905 | -29.2% |
| Suppliers | 440/4 | €1,960,697 | €1,388,792 | -€571,905 | -29.2% |
| Taxes, remuneration and social security | 45 | €609,851 | €606,705 | -€3,146 | -0.5% |
| Taxes | 450/3 | €29,506 | €62,077 | +€32,571 | +110.4% |
| Remuneration and social security | 454/9 | €580,346 | €544,629 | -€35,717 | -6.2% |
| Other amounts payable | 47/48 | €244 | €4,672 | +€4,428 | +1816.2% |
| Accrued charges and deferred income | 492/3 | €1,537,462 | €1,442,974 | -€94,488 | -6.1% |
| Operating income | 70/76A | €11,003,881 | €10,244,485 | -€759,395 | -6.9% |
| Turnover | 70 | €10,896,164 | €10,121,436 | -€774,728 | -7.1% |
| Own construction capitalised | 72 | €4,800 | €9,200 | +€4,400 | +91.7% |
| Other operating income | 74 | €102,917 | €113,849 | +€10,933 | +10.6% |
| Operating charges | 60/66A | €12,320,046 | €10,822,260 | -€1.5m | -12.2% |
| Goods for resale, raw materials and consumables | 60 | €4,445,323 | €4,123,934 | -€321,388 | -7.2% |
| Purchases | 600/8 | €4,445,323 | €4,123,934 | -€321,388 | -7.2% |
| Services and other goods | 61 | €3,719,405 | €3,031,965 | -€687,440 | -18.5% |
| Remuneration, social security and pensions | 62 | €3,565,120 | €3,349,434 | -€215,686 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €338,137 | €288,114 | -€50,023 | -14.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€17,432 | €0 | +€17,432 | |
| Other operating charges | 640/8 | €56,420 | €28,812 | -€27,607 | -48.9% |
| Non-recurring operating charges | 66A | €213,074 | €0 | -€213,074 | -100.0% |
| Operating profit (loss) | 9901 | -€1,316,165 | -€577,774 | +€738,391 | +56.1% |
| Financial income | 75/76B | €43,958 | €80,916 | +€36,957 | +84.1% |
| Recurring financial income | 75 | €43,958 | €80,916 | +€36,957 | +84.1% |
| Income from current assets | 751 | €43,729 | €80,275 | +€36,546 | +83.6% |
| Other financial income | 752/9 | €229 | €641 | +€411 | +179.3% |
| Financial charges | 65/66B | €1,601 | €1,405 | -€196 | -12.2% |
| Recurring financial charges | 65 | €1,601 | €1,405 | -€196 | -12.2% |
| Debt charges | 650 | €884 | €413 | -€471 | -53.2% |
| Other financial charges | 652/9 | €717 | €991 | +€275 | +38.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,273,807 | -€498,263 | +€775,544 | +60.9% |
| Income taxes | 67/77 | €4,331 | €3,975 | -€356 | -8.2% |
| Taxes | 670/3 | €4,331 | €3,975 | -€356 | -8.2% |
| Profit (loss) for the period | 9904 | -€1,278,138 | -€502,239 | +€775,900 | +60.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,278,138 | -€502,239 | +€775,900 | +60.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.