NCV: 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.
NCV
Largest movements
- Receivables within one year +€64,442
up €64,442 (+8.0%), from €802,359 to €866,801
of which Trade receivables: +€70,934
- Tangible fixed assets -€38,205
down €38,205 (-7.8%), from €489,232 to €451,027
of which Land and buildings: -€31,623
- Financial fixed assets -€18,320
down €18,320 (-72.7%), from €25,200 to €6,880
- Trade debts +€56,959
up €56,959 (+11.3%), from €504,051 to €561,010
- Debts after one year -€42,724
down €42,724 (-7.3%), from €586,163 to €543,439
- Write-downs +€40,000
new in 2024: €40,000
- Gross operating margin +€33,975
up €33,975 (+52.5%), from €64,747 to €98,722
- Financial charges -€3,590
down €3,590 (-18.5%), from €19,454 to €15,864
- Depreciation +€1,117
up €1,117 (+2.8%), from €40,340 to €41,457
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,325,273 | €1,332,890 | +€7,617 | +0.6% |
| Fixed assets | 21/28 | €515,477 | €458,054 | -€57,423 | -11.1% |
| Intangible fixed assets | 21 | €1,045 | €147 | -€898 | -85.9% |
| Tangible fixed assets | 22/27 | €489,232 | €451,027 | -€38,205 | -7.8% |
| Land and buildings | 22 | €437,738 | €406,115 | -€31,623 | -7.2% |
| Furniture and vehicles | 24 | €1,243 | €1,595 | +€352 | +28.3% |
| Other tangible fixed assets | 26 | €50,251 | €43,317 | -€6,934 | -13.8% |
| Financial fixed assets | 28 | €25,200 | €6,880 | -€18,320 | -72.7% |
| Current assets | 29/58 | €809,796 | €874,836 | +€65,040 | +8.0% |
| Amounts receivable within one year | 40/41 | €802,359 | €866,801 | +€64,442 | +8.0% |
| Trade receivables | 40 | €724,310 | €795,244 | +€70,934 | +9.8% |
| Other amounts receivable | 41 | €78,049 | €71,557 | -€6,492 | -8.3% |
| Cash at bank and in hand | 54/58 | €5,913 | €6,809 | +€896 | +15.2% |
| Deferred charges and accrued income | 490/1 | €1,524 | €1,226 | -€298 | -19.6% |
| Total equity and liabilities | 10/49 | €1,325,273 | €1,332,890 | +€7,617 | +0.6% |
| Equity | 10/15 | €173,182 | €173,055 | -€127 | -0.1% |
| Contributions | 10/11 | €6,233 | €6,233 | = | 0.0% |
| Reserves | 13 | €166,949 | €166,822 | -€127 | -0.1% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €165,094 | €164,967 | -€127 | -0.1% |
| Amounts payable | 17/49 | €1,152,091 | €1,159,835 | +€7,744 | +0.7% |
| Amounts payable after more than one year | 17 | €586,163 | €543,439 | -€42,724 | -7.3% |
| Financial debts | 170/4 | €586,163 | €543,439 | -€42,724 | -7.3% |
| Amounts payable within one year | 42/48 | €561,200 | €613,647 | +€52,447 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €39,217 | €42,724 | +€3,507 | +8.9% |
| Trade debts | 44 | €504,051 | €561,010 | +€56,959 | +11.3% |
| Suppliers | 440/4 | €504,051 | €561,010 | +€56,959 | +11.3% |
| Advances received on contracts in progress | 46 | - | €851 | +€851 | |
| Taxes, remuneration and social security | 45 | €6,202 | €9,062 | +€2,860 | +46.1% |
| Taxes | 450/3 | €6,202 | €2,483 | -€3,719 | -60.0% |
| Remuneration and social security | 454/9 | - | €6,579 | +€6,579 | |
| Other amounts payable | 47/48 | €11,730 | - | -€11,730 | |
| Accrued charges and deferred income | 492/3 | €4,728 | €2,749 | -€1,979 | -41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,340 | €41,457 | +€1,117 | +2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €40,000 | +€40,000 | |
| Other operating charges | 640/8 | €3,238 | €2,800 | -€438 | -13.5% |
| Gross operating margin | 9900 | €64,747 | €98,722 | +€33,975 | +52.5% |
| Operating profit (loss) | 9901 | €21,169 | €14,465 | -€6,704 | -31.7% |
| Financial income | 75/76B | €3,906 | €4,157 | +€251 | +6.4% |
| Recurring financial income | 75 | €3,906 | €4,157 | +€251 | +6.4% |
| Financial charges | 65/66B | €19,454 | €15,864 | -€3,590 | -18.5% |
| Recurring financial charges | 65 | €19,454 | €15,864 | -€3,590 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €5,621 | €2,758 | -€2,863 | -50.9% |
| Income taxes | 67/77 | €3,601 | €2,885 | -€716 | -19.9% |
| Profit (loss) for the period | 9904 | €2,020 | -€127 | -€2,147 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,020 | -€127 | -€2,147 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.