NLC MANAGEMENT: 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.
NLC MANAGEMENT
Largest movements
- Receivables after one year +€40,000
new in 2025: €40,000
- Other debts +€185,233
up €185,233 (+90.1%), from €205,500 to €390,733
- Debts after one year -€97,468
down €97,468 (-12.2%), from €800,910 to €703,442
- Profit (loss) carried forward -€34,877
down €34,877 (-100%), from €34,877 to €0
- Financial income +€83,435
up €83,435 (+59.8%), from €139,600 to €223,035
- Taxes -€9,992
down €9,992 (-100%), from €9,992 to €0
- Gross operating margin -€5,837
down €5,837 (-71.0%), from -€8,226 to -€14,063
- Financial charges +€3,726
up €3,726 (+17.7%), from €21,081 to €24,808
- Other operating charges +€400
new in 2025: €400
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 | €1,328,161 | €1,377,007 | +€48,845 | +3.7% |
| Formation expenses | 20 | €921 | €538 | -€383 | -41.6% |
| Fixed assets | 21/28 | €1,286,329 | €1,286,329 | = | 0.0% |
| Financial fixed assets | 28 | €1,286,329 | €1,286,329 | = | 0.0% |
| Current assets | 29/58 | €40,912 | €90,140 | +€49,229 | +120% |
| Amounts receivable after more than one year | 29 | - | €40,000 | +€40,000 | |
| Other amounts receivable | 291 | - | €40,000 | +€40,000 | |
| Amounts receivable within one year | 40/41 | €0 | €41 | +€41 | |
| Other amounts receivable | 41 | €0 | €41 | +€41 | |
| Cash at bank and in hand | 54/58 | €40,912 | €50,100 | +€9,188 | +22.5% |
| Total equity and liabilities | 10/49 | €1,328,161 | €1,377,007 | +€48,845 | +3.7% |
| Equity | 10/15 | €209,795 | €174,918 | -€34,877 | -16.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Contributions outside capital | 11 | €15,000 | €15,000 | = | 0.0% |
| Other | 1109/19 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €159,918 | €159,918 | = | 0.0% |
| Distributable reserves | 133 | €159,918 | €159,918 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,877 | €0 | -€34,877 | -100% |
| Amounts payable | 17/49 | €1,118,367 | €1,202,089 | +€83,722 | +7.5% |
| Amounts payable after more than one year | 17 | €800,910 | €703,442 | -€97,468 | -12.2% |
| Financial debts | 170/4 | €800,910 | €703,442 | -€97,468 | -12.2% |
| Amounts payable within one year | 42/48 | €317,456 | €498,647 | +€181,191 | +57.1% |
| Current portion of amounts payable after more than one year | 42 | €94,785 | €97,468 | +€2,683 | +2.8% |
| Trade debts | 44 | €0 | €454 | +€454 | |
| Suppliers | 440/4 | €0 | €454 | +€454 | |
| Taxes, remuneration and social security | 45 | €17,171 | €9,992 | -€7,179 | -41.8% |
| Taxes | 450/3 | €15,992 | €9,992 | -€6,000 | -37.5% |
| Remuneration and social security | 454/9 | €1,179 | €0 | -€1,179 | -100% |
| Other amounts payable | 47/48 | €205,500 | €390,733 | +€185,233 | +90.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €383 | €383 | = | 0.0% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€8,226 | -€14,063 | -€5,837 | -71.0% |
| Operating profit (loss) | 9901 | -€8,609 | -€14,846 | -€6,237 | -72.4% |
| Financial income | 75/76B | €139,600 | €223,035 | +€83,435 | +59.8% |
| Recurring financial income | 75 | €139,600 | €223,035 | +€83,435 | +59.8% |
| Financial charges | 65/66B | €21,081 | €24,808 | +€3,726 | +17.7% |
| Recurring financial charges | 65 | €21,081 | €24,808 | +€3,726 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €109,910 | €183,381 | +€73,472 | +66.8% |
| Income taxes | 67/77 | €9,992 | €0 | -€9,992 | -100% |
| Profit (loss) for the period | 9904 | €99,918 | €183,381 | +€83,464 | +83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €99,918 | €183,381 | +€83,464 | +83.5% |
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 17 October 2026 via checked.be.