NECHINCATILLON: 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.
NECHINCATILLON
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward +€6.9m
up €6.9m (+631%), from €1.1m to €8.0m
- Short-term financial debts -€3.4m
down €3.4m (-23.9%), from €14.3m to €10.9m
- Other debts -€2.9m
down €2.9m (-3.2%), from €90.7m to €87.8m
- Debts after one year -€2.1m
down €2.1m (-27.3%), from €7.8m to €5.7m
- Financial income +€6.3m
up €6.3m (+369%), from €1.7m to €8.0m
- Financial charges -€640,696
down €640,696 (-38.6%), from €1.7m to €1.0m
of which Financial charges: -€639,210
- Taxes -€17,068
down €17,068, from €11,238 to -€5,830
- Gross operating margin -€4,607
down €4,607 (-14.7%), from -€31,254 to -€35,861
- Other operating charges -€2,319
down €2,319 (-4.0%), from €57,411 to €55,092
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.
Derived cash bridge
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 | €124,024,127 | €122,477,522 | -€1.5m | -1.2% |
| Fixed assets | 21/28 | €29,863,791 | €29,855,045 | -€8,746 | 0.0% |
| Tangible fixed assets | 22/27 | €10,327 | €1,581 | -€8,746 | -84.7% |
| Furniture and vehicles | 24 | €10,327 | €1,581 | -€8,746 | -84.7% |
| Financial fixed assets | 28 | €29,853,464 | €29,853,464 | = | 0.0% |
| Current assets | 29/58 | €94,160,335 | €92,622,477 | -€1.5m | -1.6% |
| Amounts receivable after more than one year | 29 | €1,700,000 | €850,000 | -€850,000 | -50.0% |
| Other amounts receivable | 291 | €1,700,000 | €850,000 | -€850,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €81,974,552 | €81,986,658 | +€12,106 | 0.0% |
| Other amounts receivable | 41 | €81,974,552 | €81,986,658 | +€12,106 | 0.0% |
| Current investments | 50/53 | €9,154,999 | €9,410,467 | +€255,468 | +2.8% |
| Cash at bank and in hand | 54/58 | €1,330,785 | €375,352 | -€955,433 | -71.8% |
| Total equity and liabilities | 10/49 | €124,024,127 | €122,477,522 | -€1.5m | -1.2% |
| Equity | 10/15 | €11,163,955 | €18,073,836 | +€6.9m | +61.9% |
| Contributions | 10/11 | €10,062,000 | €10,062,000 | = | 0.0% |
| Capital | 10 | €10,062,000 | €10,062,000 | = | 0.0% |
| Issued capital | 100 | €10,062,000 | €10,062,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,095,755 | €8,005,636 | +€6.9m | +631% |
| Amounts payable | 17/49 | €112,860,172 | €104,403,686 | -€8.5m | -7.5% |
| Amounts payable after more than one year | 17 | €7,798,500 | €5,672,169 | -€2.1m | -27.3% |
| Financial debts | 170/4 | €7,798,500 | €5,672,169 | -€2.1m | -27.3% |
| Amounts payable within one year | 42/48 | €105,061,672 | €98,731,517 | -€6.3m | -6.0% |
| Financial debts | 43 | €14,337,259 | €10,916,052 | -€3.4m | -23.9% |
| Credit institutions | 430/8 | €14,337,259 | €10,916,052 | -€3.4m | -23.9% |
| Other amounts payable | 47/48 | €90,724,413 | €87,815,466 | -€2.9m | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,746 | €8,746 | = | 0.0% |
| Other operating charges | 640/8 | €57,411 | €55,092 | -€2,319 | -4.0% |
| Gross operating margin | 9900 | -€31,254 | -€35,861 | -€4,607 | -14.7% |
| Operating profit (loss) | 9901 | -€97,412 | -€99,700 | -€2,288 | -2.3% |
| Financial income | 75/76B | €1,711,027 | €8,024,755 | +€6.3m | +369% |
| Recurring financial income | 75 | €1,711,027 | €8,024,755 | +€6.3m | +369% |
| Financial charges | 65/66B | €1,661,700 | €1,021,005 | -€640,696 | -38.6% |
| Recurring financial charges | 65 | €1,660,214 | €1,021,005 | -€639,210 | -38.5% |
| Non-recurring financial charges | 66B | €1,486 | - | -€1,486 | |
| Profit (loss) for the period before taxes | 9903 | -€48,085 | €6,904,051 | +€7.0m | |
| Income taxes | 67/77 | €11,238 | -€5,830 | -€17,068 | |
| Profit (loss) for the period | 9904 | -€59,324 | €6,909,881 | +€7.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€59,324 | €6,909,881 | +€7.0m |
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 14 October 2026 via checked.be.