NLCS: 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.
What changed
NLCS
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€45,933
2024 · €46,997-€1,065
Equity
€66,818
2024 · €68,885-€2,067
Cash
€53,130
2024 · €53,690-€560
Balance sheet total
€98,305
2024 · €112,720-€14,415
Largest movements
Assets
- Tangible fixed assets -€14,739
down €14,739 (-34.4%), from €42,827 to €28,088
of which Furniture and vehicles: -€12,627
Equity and liabilities
- Debts after one year -€11,639
down €11,639 (-51.8%), from €22,485 to €10,847
- Reserves -€2,067
down €2,067 (-3.1%), from €65,885 to €63,818
Income statement
- Gross operating margin -€1,311
down €1,311 (-1.7%), from €76,631 to €75,320
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.
Result 2024
€46,997
Gross operating margin
-€1,311
Depreciation
-€177
Other operating charges
-€18
Financial income
+€57
Financial charges
+€197
Taxes
+€188
Result 2025
€45,933
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.
From operations
+€60,047
Investment
-€1,167
Financing
-€59,440
Cash 2024
€53,690
From operations (derived)
+€60,047
Net result for the year
+€45,933
Depreciation
+€15,906
Receivables within one year
-€776
Smaller working-capital items
-€108
Trade debts
-€607
Tax, wage and social debts
-€300
Investment (derived)
-€1,167
Investment in fixed assets (net)
-€1,167
Financing
-€59,440
Debts after one year
-€11,639
Current portion of long-term debt
+€199
Contributions, distributions and other
-€48,000
Cash 2025
€53,130
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,720 | €98,305 | -€14,415 | -12.8% |
| Fixed assets | 21/28 | €42,827 | €28,088 | -€14,739 | -34.4% |
| Tangible fixed assets | 22/27 | €42,827 | €28,088 | -€14,739 | -34.4% |
| Plant, machinery and equipment | 23 | €6,503 | €4,390 | -€2,112 | -32.5% |
| Furniture and vehicles | 24 | €36,324 | €23,697 | -€12,627 | -34.8% |
| Current assets | 29/58 | €69,893 | €70,217 | +€324 | +0.5% |
| Amounts receivable within one year | 40/41 | €14,192 | €14,969 | +€776 | +5.5% |
| Trade receivables | 40 | €13,613 | €13,613 | = | 0.0% |
| Other amounts receivable | 41 | €580 | €1,356 | +€776 | +133.9% |
| Cash at bank and in hand | 54/58 | €53,690 | €53,130 | -€560 | -1.0% |
| Deferred charges and accrued income | 490/1 | €2,011 | €2,119 | +€108 | +5.4% |
| Total equity and liabilities | 10/49 | €112,720 | €98,305 | -€14,415 | -12.8% |
| Equity | 10/15 | €68,885 | €66,818 | -€2,067 | -3.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €65,885 | €63,818 | -€2,067 | -3.1% |
| Distributable reserves | 133 | €65,885 | €63,818 | -€2,067 | -3.1% |
| Amounts payable | 17/49 | €43,834 | €31,487 | -€12,347 | -28.2% |
| Amounts payable after more than one year | 17 | €22,485 | €10,847 | -€11,639 | -51.8% |
| Financial debts | 170/4 | €22,485 | €10,847 | -€11,639 | -51.8% |
| Amounts payable within one year | 42/48 | €21,349 | €20,641 | -€708 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €11,440 | €11,639 | +€199 | +1.7% |
| Trade debts | 44 | €2,335 | €1,728 | -€607 | -26.0% |
| Suppliers | 440/4 | €2,335 | €1,728 | -€607 | -26.0% |
| Taxes, remuneration and social security | 45 | €6,602 | €6,302 | -€300 | -4.5% |
| Taxes | 450/3 | €6,602 | €6,302 | -€300 | -4.5% |
| Other amounts payable | 47/48 | €972 | €972 | +€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,729 | €15,906 | +€177 | +1.1% |
| Other operating charges | 640/8 | €901 | €920 | +€18 | +2.0% |
| Gross operating margin | 9900 | €76,631 | €75,320 | -€1,311 | -1.7% |
| Operating profit (loss) | 9901 | €60,001 | €58,495 | -€1,506 | -2.5% |
| Financial income | 75/76B | €280 | €337 | +€57 | +20.4% |
| Recurring financial income | 75 | €280 | €337 | +€57 | +20.4% |
| Financial charges | 65/66B | €812 | €615 | -€197 | -24.2% |
| Recurring financial charges | 65 | €812 | €615 | -€197 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €59,469 | €58,216 | -€1,252 | -2.1% |
| Income taxes | 67/77 | €12,472 | €12,284 | -€188 | -1.5% |
| Profit (loss) for the period | 9904 | €46,997 | €45,933 | -€1,065 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,997 | €45,933 | -€1,065 | -2.3% |
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 1 October 2026 via checked.be.