NCT: 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.
NCT
Largest movements
- Cash -€133,186
down €133,186 (-80.3%), from €165,821 to €32,635
mainly Contributions, distributions and other (-€164,199) and Other debts (-€140,396)
- Receivables within one year -€10,333
down €10,333 (-13.1%), from €78,744 to €68,411
of which Other amounts receivable: -€9,506
- Other debts -€140,396
down €140,396 (-67.2%), from €209,024 to €68,628
- Tax, wage and social debts -€5,195
down €5,195 (-18.3%), from €28,430 to €23,234
- Gross operating margin +€14,198
up €14,198 (+7.2%), from €197,039 to €211,237
- Taxes +€3,902
up €3,902 (+8.6%), from €45,330 to €49,232
- Other operating charges -€2,849
down €2,849 (-82.4%), from €3,458 to €610
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 | €256,098 | €110,538 | -€145,560 | -56.8% |
| Fixed assets | 21/28 | €6,351 | €4,754 | -€1,597 | -25.1% |
| Tangible fixed assets | 22/27 | €6,351 | €4,754 | -€1,597 | -25.1% |
| Furniture and vehicles | 24 | €6,351 | €4,754 | -€1,597 | -25.1% |
| Current assets | 29/58 | €249,747 | €105,784 | -€143,963 | -57.6% |
| Amounts receivable within one year | 40/41 | €78,744 | €68,411 | -€10,333 | -13.1% |
| Trade receivables | 40 | €826 | €0 | -€826 | -100% |
| Other amounts receivable | 41 | €77,917 | €68,411 | -€9,506 | -12.2% |
| Cash at bank and in hand | 54/58 | €165,821 | €32,635 | -€133,186 | -80.3% |
| Deferred charges and accrued income | 490/1 | €5,183 | €4,739 | -€444 | -8.6% |
| Total equity and liabilities | 10/49 | €256,098 | €110,538 | -€145,560 | -56.8% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €237,498 | €91,938 | -€145,560 | -61.3% |
| Amounts payable within one year | 42/48 | €237,498 | €91,938 | -€145,560 | -61.3% |
| Trade debts | 44 | €45 | €76 | +€31 | +68.6% |
| Suppliers | 440/4 | €45 | €76 | +€31 | +68.6% |
| Taxes, remuneration and social security | 45 | €28,430 | €23,234 | -€5,195 | -18.3% |
| Taxes | 450/3 | €28,430 | €23,234 | -€5,195 | -18.3% |
| Other amounts payable | 47/48 | €209,024 | €68,628 | -€140,396 | -67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €838 | €1,597 | +€759 | +90.5% |
| Other operating charges | 640/8 | €3,458 | €610 | -€2,849 | -82.4% |
| Gross operating margin | 9900 | €197,039 | €211,237 | +€14,198 | +7.2% |
| Operating profit (loss) | 9901 | €192,742 | €209,031 | +€16,289 | +8.5% |
| Financial income | 75/76B | €4,949 | €4,488 | -€461 | -9.3% |
| Recurring financial income | 75 | €4,949 | €4,488 | -€461 | -9.3% |
| Financial charges | 65/66B | €43 | €88 | +€44 | +102% |
| Recurring financial charges | 65 | €43 | €88 | +€44 | +102% |
| Profit (loss) for the period before taxes | 9903 | €197,648 | €213,431 | +€15,783 | +8.0% |
| Income taxes | 67/77 | €45,330 | €49,232 | +€3,902 | +8.6% |
| Profit (loss) for the period | 9904 | €152,317 | €164,199 | +€11,881 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €152,317 | €164,199 | +€11,881 | +7.8% |
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 13 October 2026 via checked.be.