NCV CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year +€56,926
up €56,926 (+26.8%), from €212,143 to €269,069
of which Other amounts receivable: +€31,963
- Tangible fixed assets -€18,557
down €18,557 (-37.0%), from €50,091 to €31,534
of which Furniture and vehicles: -€18,309
- Cash +€13,073
up €13,073 (+181.8%), from €7,189 to €20,262
mainly Trade debts (+€60,265) and Other debts (+€40,000)
- Trade debts +€60,265
up €60,265 (+45.9%), from €131,390 to €191,655
- Other debts +€40,000
new in 2023: €40,000
- Profit (loss) carried forward -€36,116
down €36,116 (-50.9%), from €70,998 to €34,882
- Advances received -€25,521
no longer reported in 2023 (was €25,521)
- Tax, wage and social debts +€16,906
up €16,906 (+83.0%), from €20,364 to €37,270
- Purchases and services +€673,875
up €673,875 (+142.2%), from €473,980 to €1.1m
- Turnover +€613,812
up €613,812 (+106.5%), from €576,440 to €1.2m
- Gross operating margin -€60,063
down €60,063 (-58.6%), from €102,460 to €42,397
- Taxes -€13,627
down €13,627 (-67.3%), from €20,251 to €6,624
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €272,488 | €322,740 | +€50,252 | +18.4% |
| Fixed assets | 21/28 | €50,091 | €31,534 | -€18,557 | -37.0% |
| Tangible fixed assets | 22/27 | €50,091 | €31,534 | -€18,557 | -37.0% |
| Plant, machinery and equipment | 23 | €684 | €436 | -€248 | -36.3% |
| Furniture and vehicles | 24 | €49,407 | €31,098 | -€18,309 | -37.1% |
| Current assets | 29/58 | €222,397 | €291,206 | +€68,809 | +30.9% |
| Amounts receivable within one year | 40/41 | €212,143 | €269,069 | +€56,926 | +26.8% |
| Trade receivables | 40 | €177,905 | €202,868 | +€24,963 | +14.0% |
| Other amounts receivable | 41 | €34,238 | €66,201 | +€31,963 | +93.4% |
| Cash at bank and in hand | 54/58 | €7,189 | €20,262 | +€13,073 | +181.8% |
| Deferred charges and accrued income | 490/1 | €3,065 | €1,875 | -€1,190 | -38.8% |
| Total equity and liabilities | 10/49 | €272,488 | €322,740 | +€50,252 | +18.4% |
| Equity | 10/15 | €75,998 | €39,882 | -€36,116 | -47.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,998 | €34,882 | -€36,116 | -50.9% |
| Amounts payable | 17/49 | €196,490 | €282,858 | +€86,368 | +44.0% |
| Amounts payable after more than one year | 17 | €13,933 | €8,651 | -€5,282 | -37.9% |
| Financial debts | 170/4 | €13,933 | €8,651 | -€5,282 | -37.9% |
| Amounts payable within one year | 42/48 | €182,557 | €274,207 | +€91,650 | +50.2% |
| Current portion of amounts payable after more than one year | 42 | €5,282 | €5,282 | = | 0.0% |
| Trade debts | 44 | €131,390 | €191,655 | +€60,265 | +45.9% |
| Suppliers | 440/4 | €131,390 | €191,655 | +€60,265 | +45.9% |
| Advances received on contracts in progress | 46 | €25,521 | - | -€25,521 | |
| Taxes, remuneration and social security | 45 | €20,364 | €37,270 | +€16,906 | +83.0% |
| Taxes | 450/3 | €20,364 | €37,270 | +€16,906 | +83.0% |
| Other amounts payable | 47/48 | - | €40,000 | +€40,000 | |
| Turnover | 70 | €576,440 | €1,190,252 | +€613,812 | +106.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €473,980 | €1,147,855 | +€673,875 | +142.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,272 | €19,786 | +€10,514 | +113.4% |
| Other operating charges | 640/8 | €221 | €180 | -€41 | -18.6% |
| Gross operating margin | 9900 | €102,460 | €42,397 | -€60,063 | -58.6% |
| Operating profit (loss) | 9901 | €92,967 | €22,431 | -€70,536 | -75.9% |
| Financial income | 75/76B | €2,549 | €2,550 | +€1 | 0.0% |
| Recurring financial income | 75 | €2,549 | €2,550 | +€1 | 0.0% |
| Financial charges | 65/66B | €4,267 | €4,473 | +€206 | +4.8% |
| Recurring financial charges | 65 | €4,267 | €4,473 | +€206 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €91,249 | €20,508 | -€70,741 | -77.5% |
| Income taxes | 67/77 | €20,251 | €6,624 | -€13,627 | -67.3% |
| Profit (loss) for the period | 9904 | €70,998 | €13,884 | -€57,114 | -80.4% |
| Profit (loss) for the period to be appropriated | 9905 | €70,998 | €13,884 | -€57,114 | -80.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.