NCVD Construct: 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.
NCVD Construct
Largest movements
- Stocks and contracts +€169,050
up €169,050 (+44.8%), from €377,343 to €546,393
- Cash -€15,840
down €15,840 (-99.9%), from €15,848 to €8
mainly Stocks and contracts (-€169,050) and Net result for the year (-€46,928)
- Receivables within one year -€5,623
down €5,623 (-100.0%), from €5,623 to €0
of which Other amounts receivable: -€2,902
- Short-term financial debts +€176,575
up €176,575 (+86.2%), from €204,896 to €381,471
- Profit (loss) carried forward -€46,928
down €46,928 (-48.3%), from -€97,246 to -€144,173
- Other debts +€14,011
up €14,011 (+25.1%), from €55,882 to €69,893
- Financial charges +€4,116
up €4,116 (+24.0%), from €17,134 to €21,250
- Gross operating margin -€2,109
down €2,109 (-11.4%), from -€18,447 to -€20,556
- Other operating charges -€823
down €823 (-27.5%), from €2,987 to €2,164
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 | €401,967 | €546,493 | +€144,526 | +36.0% |
| Fixed assets | 21/28 | €3,060 | €92 | -€2,968 | -97.0% |
| Tangible fixed assets | 22/27 | €3,060 | €92 | -€2,968 | -97.0% |
| Plant, machinery and equipment | 23 | €397 | €0 | -€397 | -100.0% |
| Furniture and vehicles | 24 | €2,663 | €92 | -€2,571 | -96.6% |
| Current assets | 29/58 | €398,908 | €546,401 | +€147,494 | +37.0% |
| Stocks and contracts in progress | 3 | €377,343 | €546,393 | +€169,050 | +44.8% |
| Stocks | 30/36 | €377,343 | €546,393 | +€169,050 | +44.8% |
| Amounts receivable within one year | 40/41 | €5,623 | €0 | -€5,623 | -100.0% |
| Trade receivables | 40 | €2,721 | €0 | -€2,721 | -100.0% |
| Other amounts receivable | 41 | €2,902 | €0 | -€2,902 | -100.0% |
| Cash at bank and in hand | 54/58 | €15,848 | €8 | -€15,840 | -99.9% |
| Deferred charges and accrued income | 490/1 | €93 | €0 | -€93 | -100.0% |
| Total equity and liabilities | 10/49 | €401,967 | €546,493 | +€144,526 | +36.0% |
| Equity | 10/15 | €133,354 | €86,426 | -€46,928 | -35.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €130,599 | €130,599 | = | 0.0% |
| Distributable reserves | 133 | €130,599 | €130,599 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,246 | -€144,173 | -€46,928 | -48.3% |
| Amounts payable | 17/49 | €268,614 | €460,067 | +€191,453 | +71.3% |
| Amounts payable within one year | 42/48 | €268,614 | €460,067 | +€191,453 | +71.3% |
| Financial debts | 43 | €204,896 | €381,471 | +€176,575 | +86.2% |
| Credit institutions | 430/8 | €204,896 | €381,471 | +€176,575 | +86.2% |
| Trade debts | 44 | €5,331 | €8,375 | +€3,044 | +57.1% |
| Suppliers | 440/4 | €5,331 | €8,375 | +€3,044 | +57.1% |
| Taxes, remuneration and social security | 45 | €2,505 | €328 | -€2,176 | -86.9% |
| Taxes | 450/3 | €2,505 | €328 | -€2,176 | -86.9% |
| Other amounts payable | 47/48 | €55,882 | €69,893 | +€14,011 | +25.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,985 | €2,968 | -€17 | -0.6% |
| Other operating charges | 640/8 | €2,987 | €2,164 | -€823 | -27.5% |
| Gross operating margin | 9900 | -€18,447 | -€20,556 | -€2,109 | -11.4% |
| Operating profit (loss) | 9901 | -€24,418 | -€25,688 | -€1,270 | -5.2% |
| Financial income | 75/76B | €16 | €10 | -€7 | -39.8% |
| Recurring financial income | 75 | €16 | €10 | -€7 | -39.8% |
| Financial charges | 65/66B | €17,134 | €21,250 | +€4,116 | +24.0% |
| Recurring financial charges | 65 | €17,134 | €21,250 | +€4,116 | +24.0% |
| Profit (loss) for the period before taxes | 9903 | -€41,535 | -€46,928 | -€5,392 | -13.0% |
| Profit (loss) for the period | 9904 | -€41,535 | -€46,928 | -€5,392 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,535 | -€46,928 | -€5,392 | -13.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.