NCVB: what changed
Two fiscal 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.
NCVB
Largest movements
- Cash +€34,310
up €34,310 (+10.5%), from €327,519 to €361,829
mainly Other debts (+€150,328) and Net result for the year (+€68,535)
- Receivables within one year -€28,920
down €28,920 (-5.7%), from €504,258 to €475,338
of which Other amounts receivable: -€15,423
- Tangible fixed assets -€19,562
down €19,562 (-24.2%), from €80,811 to €61,250
of which Furniture and vehicles: -€16,898
- Other debts +€150,328
up €150,328 (+50.4%), from €298,416 to €448,744
- Reserves -€142,600
down €142,600 (-27.7%), from €514,055 to €371,456
of which Distributable reserves: -€142,600
- Debts after one year -€20,169
down €20,169 (-66.0%), from €30,565 to €10,396
- Financial income -€4,157
down €4,157 (-46.3%), from €8,970 to €4,813
- Gross operating margin -€3,153
down €3,153 (-2.2%), from €141,166 to €138,013
- Financial charges -€2,687
down €2,687 (-10.4%), from €25,785 to €23,098
- Taxes -€1,929
down €1,929 (-6.4%), from €30,173 to €28,244
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 | €922,694 | €905,519 | -€17,175 | -1.9% |
| Fixed assets | 21/28 | €80,811 | €61,250 | -€19,562 | -24.2% |
| Tangible fixed assets | 22/27 | €80,811 | €61,250 | -€19,562 | -24.2% |
| Furniture and vehicles | 24 | €63,313 | €46,415 | -€16,898 | -26.7% |
| Other tangible fixed assets | 26 | €17,499 | €14,835 | -€2,664 | -15.2% |
| Current assets | 29/58 | €841,883 | €844,269 | +€2,386 | +0.3% |
| Amounts receivable within one year | 40/41 | €504,258 | €475,338 | -€28,920 | -5.7% |
| Trade receivables | 40 | €18,475 | €4,979 | -€13,496 | -73.1% |
| Other amounts receivable | 41 | €485,783 | €470,360 | -€15,423 | -3.2% |
| Cash at bank and in hand | 54/58 | €327,519 | €361,829 | +€34,310 | +10.5% |
| Deferred charges and accrued income | 490/1 | €10,106 | €7,102 | -€3,004 | -29.7% |
| Total equity and liabilities | 10/49 | €922,694 | €905,519 | -€17,175 | -1.9% |
| Equity | 10/15 | €527,713 | €385,113 | -€142,600 | -27.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €514,055 | €371,456 | -€142,600 | -27.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €512,195 | €369,596 | -€142,600 | -27.8% |
| Profit (loss) carried forward | 14 | €1,257 | €1,257 | = | 0.0% |
| Amounts payable | 17/49 | €394,982 | €520,406 | +€125,424 | +31.8% |
| Amounts payable after more than one year | 17 | €30,565 | €10,396 | -€20,169 | -66.0% |
| Financial debts | 170/4 | €30,565 | €10,396 | -€20,169 | -66.0% |
| Amounts payable within one year | 42/48 | €341,143 | €488,664 | +€147,521 | +43.2% |
| Current portion of amounts payable after more than one year | 42 | €19,365 | €20,169 | +€804 | +4.2% |
| Financial debts | 43 | €1,158 | €124 | -€1,034 | -89.3% |
| Credit institutions | 430/8 | €1,158 | €124 | -€1,034 | -89.3% |
| Trade debts | 44 | €3,803 | €1,496 | -€2,307 | -60.7% |
| Suppliers | 440/4 | €3,803 | €1,496 | -€2,307 | -60.7% |
| Taxes, remuneration and social security | 45 | €18,401 | €18,131 | -€270 | -1.5% |
| Taxes | 450/3 | €18,401 | €18,131 | -€270 | -1.5% |
| Other amounts payable | 47/48 | €298,416 | €448,744 | +€150,328 | +50.4% |
| Accrued charges and deferred income | 492/3 | €23,273 | €21,345 | -€1,928 | -8.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,876 | €21,677 | +€801 | +3.8% |
| Other operating charges | 640/8 | €592 | €1,272 | +€680 | +114.9% |
| Gross operating margin | 9900 | €141,166 | €138,013 | -€3,153 | -2.2% |
| Operating profit (loss) | 9901 | €119,699 | €115,065 | -€4,634 | -3.9% |
| Financial income | 75/76B | €8,970 | €4,813 | -€4,157 | -46.3% |
| Recurring financial income | 75 | €8,970 | €4,813 | -€4,157 | -46.3% |
| Financial charges | 65/66B | €25,785 | €23,098 | -€2,687 | -10.4% |
| Recurring financial charges | 65 | €25,785 | €23,098 | -€2,687 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €102,884 | €96,780 | -€6,104 | -5.9% |
| Income taxes | 67/77 | €30,173 | €28,244 | -€1,929 | -6.4% |
| Profit (loss) for the period | 9904 | €72,710 | €68,535 | -€4,175 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €72,710 | €68,535 | -€4,175 | -5.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.