NCTA: 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.
NCTA
Largest movements
- Cash -€34,203
down €34,203 (-31.2%), from €109,776 to €75,573
mainly Other debts (-€52,766) and Contributions, distributions and other (-€49,000)
- Receivables within one year +€24,849
up €24,849 (+170.2%), from €14,600 to €39,449
of which Other amounts receivable: +€35,749
- Tangible fixed assets -€17,158
down €17,158 (-95.7%), from €17,935 to €777
- Profit (loss) carried forward +€63,437
up €63,437 (+27.6%), from €229,689 to €293,126
- Other debts -€52,766
down €52,766 (-22.3%), from €236,602 to €183,836
- Debts after one year -€38,080
down €38,080 (-15.5%), from €246,475 to €208,394
- Financial income +€25,998
up €25,998 (+35.5%), from €73,192 to €99,190
- Financial charges -€16,847
down €16,847 (-65.7%), from €25,648 to €8,802
- Gross operating margin +€13,969
up €13,969 (+50.5%), from €27,673 to €41,642
- Other operating charges +€671
up €671 (+45.8%), from €1,466 to €2,137
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 | €775,554 | €748,901 | -€26,652 | -3.4% |
| Fixed assets | 21/28 | €647,935 | €630,777 | -€17,158 | -2.6% |
| Tangible fixed assets | 22/27 | €17,935 | €777 | -€17,158 | -95.7% |
| Furniture and vehicles | 24 | €17,935 | €777 | -€17,158 | -95.7% |
| Financial fixed assets | 28 | €630,000 | €630,000 | = | 0.0% |
| Current assets | 29/58 | €127,619 | €118,124 | -€9,494 | -7.4% |
| Amounts receivable within one year | 40/41 | €14,600 | €39,449 | +€24,849 | +170.2% |
| Trade receivables | 40 | €10,900 | €0 | -€10,900 | -100.0% |
| Other amounts receivable | 41 | €3,700 | €39,449 | +€35,749 | +966.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €109,776 | €75,573 | -€34,203 | -31.2% |
| Deferred charges and accrued income | 490/1 | €3,243 | €3,103 | -€140 | -4.3% |
| Total equity and liabilities | 10/49 | €775,554 | €748,901 | -€26,652 | -3.4% |
| Equity | 10/15 | €245,889 | €309,326 | +€63,437 | +25.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €229,689 | €293,126 | +€63,437 | +27.6% |
| Amounts payable | 17/49 | €529,665 | €439,576 | -€90,089 | -17.0% |
| Amounts payable after more than one year | 17 | €246,475 | €208,394 | -€38,080 | -15.5% |
| Financial debts | 170/4 | €246,475 | €208,394 | -€38,080 | -15.5% |
| Amounts payable within one year | 42/48 | €283,190 | €230,932 | -€52,259 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €37,174 | €38,080 | +€906 | +2.4% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Trade debts | 44 | €0 | €4,306 | +€4,306 | |
| Suppliers | 440/4 | €0 | €4,306 | +€4,306 | |
| Taxes, remuneration and social security | 45 | €9,414 | €4,710 | -€4,705 | -50.0% |
| Taxes | 450/3 | €9,414 | €4,710 | -€4,705 | -50.0% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €236,602 | €183,836 | -€52,766 | -22.3% |
| Accrued charges and deferred income | 492/3 | - | €250 | +€250 | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,158 | €17,158 | = | 0.0% |
| Other operating charges | 640/8 | €1,466 | €2,137 | +€671 | +45.8% |
| Gross operating margin | 9900 | €27,673 | €41,642 | +€13,969 | +50.5% |
| Operating profit (loss) | 9901 | €9,049 | €22,347 | +€13,299 | +147.0% |
| Financial income | 75/76B | €73,192 | €99,190 | +€25,998 | +35.5% |
| Recurring financial income | 75 | €73,192 | €99,190 | +€25,998 | +35.5% |
| Financial charges | 65/66B | €25,648 | €8,802 | -€16,847 | -65.7% |
| Recurring financial charges | 65 | €25,648 | €8,802 | -€16,847 | -65.7% |
| Profit (loss) for the period before taxes | 9903 | €56,592 | €112,736 | +€56,144 | +99.2% |
| Income taxes | 67/77 | €315 | €299 | -€16 | -4.9% |
| Profit (loss) for the period | 9904 | €56,277 | €112,437 | +€56,159 | +99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,277 | €112,437 | +€56,159 | +99.8% |
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 9 October 2026 via checked.be.