NNC: 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.
NNC
Largest movements
- Receivables within one year +€294,907
up €294,907 (+226.8%), from €130,016 to €424,922
of which Other amounts receivable: +€232,427
- Cash +€183,694
up €183,694 (+73.7%), from €249,140 to €432,834
mainly Net result for the year (+€187,326) and Advances received (+€160,000)
- Tangible fixed assets -€35,576
down €35,576 (-28.1%), from €126,783 to €91,207
of which Furniture and vehicles: -€43,069
- Reserves +€179,164
up €179,164 (+134.4%), from €133,263 to €312,427
- Advances received +€160,000
up €160,000 (+53.3%), from €300,000 to €460,000
- Trade debts +€70,870
up €70,870 (+68.5%), from €103,411 to €174,281
- Tax, wage and social debts +€46,841
up €46,841 (+119.8%), from €39,091 to €85,932
of which Remuneration and social security: +€25,093
- Debts after one year -€16,271
down €16,271 (-43.3%), from €37,584 to €21,312
- Gross operating margin +€260,749
up €260,749 (+106.6%), from €244,635 to €505,384
- Staff costs +€106,914
up €106,914 (+203.7%), from €52,492 to €159,406
- Taxes +€63,190
up €63,190 (+175.3%), from €36,049 to €99,239
- Other operating charges +€9,848
up €9,848 (+215.5%), from €4,571 to €14,419
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 | €641,084 | €1,084,178 | +€443,094 | +69.1% |
| Fixed assets | 21/28 | €126,783 | €91,207 | -€35,576 | -28.1% |
| Tangible fixed assets | 22/27 | €126,783 | €91,207 | -€35,576 | -28.1% |
| Plant, machinery and equipment | 23 | €1,115 | €8,608 | +€7,493 | +672.1% |
| Furniture and vehicles | 24 | €125,668 | €82,599 | -€43,069 | -34.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €514,301 | €992,971 | +€478,670 | +93.1% |
| Stocks and contracts in progress | 3 | €129,126 | €129,126 | = | 0.0% |
| Stocks | 30/36 | €129,126 | €129,126 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €130,016 | €424,922 | +€294,907 | +226.8% |
| Trade receivables | 40 | €103,036 | €165,515 | +€62,480 | +60.6% |
| Other amounts receivable | 41 | €26,980 | €259,407 | +€232,427 | +861.5% |
| Cash at bank and in hand | 54/58 | €249,140 | €432,834 | +€183,694 | +73.7% |
| Deferred charges and accrued income | 490/1 | €6,020 | €6,089 | +€69 | +1.1% |
| Total equity and liabilities | 10/49 | €641,084 | €1,084,178 | +€443,094 | +69.1% |
| Equity | 10/15 | €139,463 | €318,627 | +€179,164 | +128.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €133,263 | €312,427 | +€179,164 | +134.4% |
| Distributable reserves | 133 | €133,263 | €312,427 | +€179,164 | +134.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €501,621 | €765,551 | +€263,930 | +52.6% |
| Amounts payable after more than one year | 17 | €37,584 | €21,312 | -€16,271 | -43.3% |
| Financial debts | 170/4 | €37,584 | €21,312 | -€16,271 | -43.3% |
| Amounts payable within one year | 42/48 | €464,037 | €744,239 | +€280,202 | +60.4% |
| Current portion of amounts payable after more than one year | 42 | €17,732 | €16,271 | -€1,461 | -8.2% |
| Trade debts | 44 | €103,411 | €174,281 | +€70,870 | +68.5% |
| Suppliers | 440/4 | €103,411 | €174,281 | +€70,870 | +68.5% |
| Advances received on contracts in progress | 46 | €300,000 | €460,000 | +€160,000 | +53.3% |
| Taxes, remuneration and social security | 45 | €39,091 | €85,932 | +€46,841 | +119.8% |
| Taxes | 450/3 | €26,122 | €47,869 | +€21,748 | +83.3% |
| Remuneration and social security | 454/9 | €12,969 | €38,063 | +€25,093 | +193.5% |
| Other amounts payable | 47/48 | €3,804 | €7,754 | +€3,951 | +103.9% |
| Remuneration, social security and pensions | 62 | €52,492 | €159,406 | +€106,914 | +203.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,925 | €40,371 | -€1,554 | -3.7% |
| Other operating charges | 640/8 | €4,571 | €14,419 | +€9,848 | +215.5% |
| Non-recurring operating charges | 66A | €37,630 | €0 | -€37,630 | -100.0% |
| Gross operating margin | 9900 | €244,635 | €505,384 | +€260,749 | +106.6% |
| Operating profit (loss) | 9901 | €108,018 | €291,188 | +€183,171 | +169.6% |
| Financial income | 75/76B | €740 | €350 | -€390 | -52.7% |
| Recurring financial income | 75 | €740 | €350 | -€390 | -52.7% |
| Financial charges | 65/66B | €6,948 | €4,973 | -€1,975 | -28.4% |
| Recurring financial charges | 65 | €6,948 | €4,973 | -€1,975 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €101,810 | €286,565 | +€184,755 | +181.5% |
| Income taxes | 67/77 | €36,049 | €99,239 | +€63,190 | +175.3% |
| Profit (loss) for the period | 9904 | €65,761 | €187,326 | +€121,565 | +184.9% |
| Profit (loss) for the period to be appropriated | 9905 | €65,761 | €187,326 | +€121,565 | +184.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.