NFCI: 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.
NFCI
Largest movements
- Receivables within one year +€51,379
up €51,379 (+636.6%), from €8,071 to €59,450
of which Trade receivables: +€51,379
- Receivables after one year +€14,625
up €14,625 (+17.1%), from €85,477 to €100,103
- Tangible fixed assets -€9,997
down €9,997 (-25.1%), from €39,816 to €29,819
of which Furniture and vehicles: -€9,503
- Profit (loss) carried forward +€61,661
new in 2025: €61,661
- Tax, wage and social debts -€7,820
down €7,820 (-21.8%), from €35,860 to €28,040
of which Taxes: -€7,820
- Purchases and services -€28,070
no longer reported in 2025 (was €28,070)
- Taxes -€11,398
down €11,398 (-34.2%), from €33,339 to €21,941
- Gross operating margin -€11,094
down €11,094 (-10.7%), from €103,383 to €92,289
- Depreciation +€8,142
up €8,142 (+322.4%), from €2,525 to €10,667
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 | €175,368 | €229,499 | +€54,132 | +30.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €39,816 | €29,819 | -€9,997 | -25.1% |
| Tangible fixed assets | 22/27 | €39,816 | €29,819 | -€9,997 | -25.1% |
| Plant, machinery and equipment | 23 | €1,802 | €1,308 | -€494 | -27.4% |
| Furniture and vehicles | 24 | €38,014 | €28,510 | -€9,503 | -25.0% |
| Current assets | 29/58 | €135,552 | €199,681 | +€64,129 | +47.3% |
| Amounts receivable after more than one year | 29 | €85,477 | €100,103 | +€14,625 | +17.1% |
| Trade receivables | 290 | €85,477 | €100,103 | +€14,625 | +17.1% |
| Amounts receivable within one year | 40/41 | €8,071 | €59,450 | +€51,379 | +636.6% |
| Trade receivables | 40 | €8,071 | €59,450 | +€51,379 | +636.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €40,939 | €39,104 | -€1,835 | -4.5% |
| Deferred charges and accrued income | 490/1 | €1,065 | €1,024 | -€40 | -3.8% |
| Total equity and liabilities | 10/49 | €175,368 | €229,499 | +€54,132 | +30.9% |
| Equity | 10/15 | €138,971 | €200,633 | +€61,661 | +44.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €137,471 | €137,471 | = | 0.0% |
| Distributable reserves | 133 | €137,471 | €137,471 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €61,661 | +€61,661 | |
| Amounts payable | 17/49 | €36,396 | €28,867 | -€7,530 | -20.7% |
| Amounts payable within one year | 42/48 | €36,396 | €28,867 | -€7,530 | -20.7% |
| Trade debts | 44 | €536 | €827 | +€291 | +54.2% |
| Suppliers | 440/4 | €536 | €827 | +€291 | +54.2% |
| Taxes, remuneration and social security | 45 | €35,860 | €28,040 | -€7,820 | -21.8% |
| Taxes | 450/3 | €35,860 | €28,040 | -€7,820 | -21.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €28,070 | - | -€28,070 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,525 | €10,667 | +€8,142 | +322.4% |
| Other operating charges | 640/8 | €88 | €513 | +€426 | +485.6% |
| Gross operating margin | 9900 | €103,383 | €92,289 | -€11,094 | -10.7% |
| Operating profit (loss) | 9901 | €100,770 | €81,109 | -€19,661 | -19.5% |
| Financial income | 75/76B | €1,716 | €2,577 | +€861 | +50.2% |
| Recurring financial income | 75 | €1,716 | €2,577 | +€861 | +50.2% |
| Financial charges | 65/66B | €84 | €84 | -€0 | -0.2% |
| Recurring financial charges | 65 | €84 | €84 | -€0 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €102,402 | €83,602 | -€18,799 | -18.4% |
| Income taxes | 67/77 | €33,339 | €21,941 | -€11,398 | -34.2% |
| Profit (loss) for the period | 9904 | €69,062 | €61,661 | -€7,401 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €69,062 | €61,661 | -€7,401 | -10.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.