NCP CONSULTANTS: 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
NCP CONSULTANTS
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4.9m
2024 · €1.7m+€3.2m
Equity
€17.0m
2024 · €25.4m-€8.4m
Cash
€2.7m
2024 · €6.9m-€4.3m
Balance sheet total
€20.0m
2024 · €34.6m-€14.6m
Largest movements
Assets
- Current investments -€8.5m
down €8.5m (-75.2%), from €11.3m to €2.8m
- Cash -€4.3m
down €4.3m (-61.7%), from €6.9m to €2.7m
mainly Contributions, distributions and other (-€13.3m) and Other debts (-€6.2m)
- Receivables within one year -€2.0m
down €2.0m (-47.7%), from €4.2m to €2.2m
of which Other amounts receivable: -€2.0m
- Financial fixed assets +€375,682
up €375,682 (+4.2%), from €9.0m to €9.4m
of which Affiliated companies: +€450,000
Equity and liabilities
- Contributions -€13.3m
down €13.3m (-99.6%), from €13.3m to €50,000
- Other debts -€6.2m
down €6.2m (-68.0%), from €9.1m to €2.9m
- Reserves +€4.9m
up €4.9m (+40.6%), from €12.1m to €17.0m
of which Distributable reserves: +€4.9m
Income statement
- Financial income +€3.6m
up €3.6m (+183%), from €2.0m to €5.5m
- Financial charges +€166,290
up €166,290 (+209%), from €79,634 to €245,924
of which Financial charges: +€165,696
- Turnover -€133,093
down €133,093 (-75.2%), from €176,905 to €43,812
- Taxes +€96,127
up €96,127 (+57,717%), from €167 to €96,294
- Services and other goods +€14,945
up €14,945 (+7.4%), from €201,396 to €216,341
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
€1.7m
Turnover
-€133,093
Other operating income
-€161
Services and other goods
-€14,945
Staff costs
+€2,400
Depreciation
+€1,346
Other operating charges
-€2,367
Financial income
+€3.6m
Financial charges
-€166,290
Taxes
-€96,127
Result 2025
€4.9m
raises the resultlowers the result
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.
From operations
+€900,555
Investment
+€8.1m
Financing
-€13.3m
Cash 2024
€6.9m
From operations (derived)
+€900,555
Net result for the year
+€4.9m
Depreciation
+€173,960
Receivables within one year
+€2.0m
Smaller working-capital items
-€11,262
Other debts
-€6.2m
Investment (derived)
+€8.1m
Investment in fixed assets (net)
-€379,926
Current investments
+€8.5m
Financing
-€13.3m
Contributions, distributions and other
-€13.3m
Cash 2025
€2.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,598,064 | €20,021,018 | -€14.6m | -42.1% |
| Fixed assets | 21/28 | €12,151,165 | €12,357,131 | +€205,966 | +1.7% |
| Tangible fixed assets | 22/27 | €3,127,045 | €2,957,329 | -€169,716 | -5.4% |
| Land and buildings | 22 | €3,053,243 | €2,897,755 | -€155,488 | -5.1% |
| Plant, machinery and equipment | 23 | €15,064 | €13,549 | -€1,515 | -10.1% |
| Furniture and vehicles | 24 | €58,738 | €46,025 | -€12,713 | -21.6% |
| Financial fixed assets | 28 | €9,024,120 | €9,399,802 | +€375,682 | +4.2% |
| Affiliated companies | 280/1 | €4,134,960 | €4,584,960 | +€450,000 | +10.9% |
| Participating interests | 280 | €2,296,691 | €2,746,691 | +€450,000 | +19.6% |
| Amounts receivable | 281 | €1,838,269 | €1,838,269 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €4,202,341 | €4,128,022 | -€74,318 | -1.8% |
| Participating interests | 282 | €4,202,341 | €4,128,022 | -€74,318 | -1.8% |
| Other financial fixed assets | 284/8 | €686,820 | €686,820 | = | 0.0% |
| Shares | 284 | €686,820 | €686,820 | = | 0.0% |
| Current assets | 29/58 | €22,446,898 | €7,663,887 | -€14.8m | -65.9% |
| Amounts receivable within one year | 40/41 | €4,239,244 | €2,215,560 | -€2.0m | -47.7% |
| Trade receivables | 40 | €2,515 | €18,232 | +€15,717 | +625% |
| Other amounts receivable | 41 | €4,236,729 | €2,197,328 | -€2.0m | -48.1% |
| Current investments | 50/53 | €11,275,381 | €2,791,892 | -€8.5m | -75.2% |
| Other investments | 51/53 | €11,275,381 | €2,791,892 | -€8.5m | -75.2% |
| Cash at bank and in hand | 54/58 | €6,932,273 | €2,652,391 | -€4.3m | -61.7% |
| Deferred charges and accrued income | 490/1 | - | €4,044 | +€4,044 | |
| Total equity and liabilities | 10/49 | €34,598,064 | €20,021,018 | -€14.6m | -42.1% |
| Equity | 10/15 | €25,406,441 | €17,020,621 | -€8.4m | -33.0% |
| Contributions | 10/11 | €13,334,000 | €50,000 | -€13.3m | -99.6% |
| Reserves | 13 | €12,072,441 | €16,970,621 | +€4.9m | +40.6% |
| Tax-exempt reserves | 132 | €292,149 | €247,375 | -€44,774 | -15.3% |
| Distributable reserves | 133 | €11,780,292 | €16,723,247 | +€4.9m | +42.0% |
| Provisions and deferred taxes | 16 | €84,811 | €66,438 | -€18,374 | -21.7% |
| Deferred taxes | 168 | €84,811 | €66,438 | -€18,374 | -21.7% |
| Amounts payable | 17/49 | €9,106,812 | €2,933,959 | -€6.2m | -67.8% |
| Amounts payable within one year | 42/48 | €9,101,506 | €2,933,022 | -€6.2m | -67.8% |
| Trade debts | 44 | €4,938 | €20,606 | +€15,668 | +317% |
| Suppliers | 440/4 | €4,938 | €20,606 | +€15,668 | +317% |
| Taxes, remuneration and social security | 45 | €1,738 | €1,596 | -€143 | -8.2% |
| Remuneration and social security | 454/9 | €1,738 | €1,596 | -€143 | -8.2% |
| Other amounts payable | 47/48 | €9,094,829 | €2,910,820 | -€6.2m | -68.0% |
| Accrued charges and deferred income | 492/3 | €5,306 | €937 | -€4,369 | -82.3% |
| Operating income | 70/76A | €246,602 | €113,348 | -€133,254 | -54.0% |
| Turnover | 70 | €176,905 | €43,812 | -€133,093 | -75.2% |
| Other operating income | 74 | €69,697 | €69,536 | -€161 | -0.2% |
| Operating charges | 60/66A | €417,205 | €430,770 | +€13,566 | +3.3% |
| Services and other goods | 61 | €201,396 | €216,341 | +€14,945 | +7.4% |
| Remuneration, social security and pensions | 62 | €14,633 | €12,233 | -€2,400 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175,306 | €173,960 | -€1,346 | -0.8% |
| Other operating charges | 640/8 | €25,870 | €28,237 | +€2,367 | +9.1% |
| Operating profit (loss) | 9901 | -€170,603 | -€317,423 | -€146,820 | -86.1% |
| Financial income | 75/76B | €1,954,200 | €5,539,448 | +€3.6m | +183% |
| Recurring financial income | 75 | €1,954,200 | €5,539,448 | +€3.6m | +183% |
| Income from financial fixed assets | 750 | €1,621,784 | €2,370,623 | +€748,839 | +46.2% |
| Income from current assets | 751 | €330,757 | €858,438 | +€527,681 | +160% |
| Other financial income | 752/9 | €1,659 | €2,310,387 | +€2.3m | +139,150% |
| Financial charges | 65/66B | €79,634 | €245,924 | +€166,290 | +209% |
| Recurring financial charges | 65 | €78,153 | €243,849 | +€165,696 | +212% |
| Debt charges | 650 | €76,682 | €3,719 | -€72,963 | -95.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€1,842 | €150,753 | +€152,595 | |
| Other financial charges | 652/9 | €3,313 | €89,377 | +€86,064 | +2,598% |
| Non-recurring financial charges | 66B | €1,481 | €2,075 | +€594 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | €1,703,963 | €4,976,101 | +€3.3m | +192% |
| Transfer from deferred taxes | 780 | €18,374 | €18,374 | = | 0.0% |
| Income taxes | 67/77 | €167 | €96,294 | +€96,127 | +57,717% |
| Taxes | 670/3 | €167 | €96,294 | +€96,127 | +57,717% |
| Profit (loss) for the period | 9904 | €1,722,170 | €4,898,181 | +€3.2m | +184% |
| Transfer from tax-exempt reserves | 789 | €44,774 | €44,774 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,766,943 | €4,942,955 | +€3.2m | +180% |
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 17 October 2026 via checked.be.