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NPC: 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

NPC

BE 0842.147.169
NACE 43.211, General electrical installation work
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€42,601
2023 · €76,500-€33,900
Equity
€205,734
2023 · €185,134+€20,601
Cash
€170,422
2023 · €116,391+€54,031
Balance sheet total
€255,268
2023 · €281,286-€26,018

Largest movements

2023 to 2024
Assets
  • Cash +€54,031

    up €54,031 (+46.4%), from €116,391 to €170,422

    mainly Receivables within one year (+€50,922) and Net result for the year (+€42,601)

  • Receivables within one year -€50,922

    down €50,922 (-44.6%), from €114,294 to €63,372

    of which Trade receivables: -€58,189

  • Receivables after one year -€23,000

    no longer reported in 2024 (was €23,000)

Equity and liabilities
  • Profit (loss) carried forward +€42,601

    up €42,601 (+36.8%), from €115,759 to €158,359

  • Other debts -€25,850

    down €25,850 (-55.3%), from €46,750 to €20,900

  • Reserves -€22,000

    down €22,000 (-33.5%), from €65,600 to €43,600

  • Tax, wage and social debts -€20,585

    down €20,585 (-42.7%), from €48,179 to €27,595

    of which Taxes: -€18,752

Income statement
  • Gross operating margin -€55,254

    down €55,254 (-45.4%), from €121,753 to €66,499

  • Write-downs -€14,830

    no longer reported in 2024 (was €14,830)

  • Taxes -€9,047

    down €9,047 (-42.7%), from €21,211 to €12,164

From the 2023 result to the 2024 result

effect on the 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 2023 €76,500
Gross operating margin -€55,254
Staff costs -€837
Depreciation -€634
Write-downs +€14,830
Other operating charges -€116
Financial income -€690
Financial charges -€246
Taxes +€9,047
Result 2024 €42,601

Cash bridge derived

cash 2023 to 2024

Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.

From operations +€80,679
Investment -€4,648
Financing -€22,000
Cash 2023 €116,391
Net result for the year +€42,601
Depreciation +€6,810
Receivables after one year +€23,000
Stocks and contracts +€1,447
Receivables within one year +€50,922
Deferred charges and accrued income +€2,518
Trade debts -€184
Tax, wage and social debts -€20,585
Other debts -€25,850
Investment in fixed assets (net) -€4,648
Contributions, distributions and other -€22,000
Cash 2024 €170,422
Every line side by side 46 lines
Line Code 2023 2024 Change %
Total assets 20/58 €281,286 €255,268 -€26,018 -9.2%
Fixed assets 21/28 €20,874 €18,712 -€2,161 -10.4%
Tangible fixed assets 22/27 €20,874 €18,712 -€2,161 -10.4%
Land and buildings 22 €11,900 €11,050 -€850 -7.1%
Furniture and vehicles 24 €8,974 €6,227 -€2,747 -30.6%
Other tangible fixed assets 26 - €1,436 +€1,436
Current assets 29/58 €260,412 €236,555 -€23,857 -9.2%
Amounts receivable after more than one year 29 €23,000 - -€23,000
Other amounts receivable 291 €23,000 - -€23,000
Stocks and contracts in progress 3 €4,087 €2,640 -€1,447 -35.4%
Stocks 30/36 €4,087 €2,640 -€1,447 -35.4%
Amounts receivable within one year 40/41 €114,294 €63,372 -€50,922 -44.6%
Trade receivables 40 €107,604 €49,415 -€58,189 -54.1%
Other amounts receivable 41 €6,690 €13,957 +€7,267 +108.6%
Cash at bank and in hand 54/58 €116,391 €170,422 +€54,031 +46.4%
Deferred charges and accrued income 490/1 €2,640 €122 -€2,518 -95.4%
Total equity and liabilities 10/49 €281,286 €255,268 -€26,018 -9.2%
Equity 10/15 €185,134 €205,734 +€20,601 +11.1%
Contributions 10/11 €3,775 €3,775 = 0.0%
Outside capital 11 €3,775 €3,775 = 0.0%
Other 1109/19 €3,775 €3,775 = 0.0%
Reserves 13 €65,600 €43,600 -€22,000 -33.5%
Distributable reserves 133 €65,600 €43,600 -€22,000 -33.5%
Profit (loss) carried forward 14 €115,759 €158,359 +€42,601 +36.8%
Amounts payable 17/49 €96,152 €49,533 -€46,619 -48.5%
Amounts payable within one year 42/48 €96,152 €49,533 -€46,619 -48.5%
Trade debts 44 €1,223 €1,039 -€184 -15.1%
Suppliers 440/4 €1,223 €1,039 -€184 -15.1%
Taxes, remuneration and social security 45 €48,179 €27,595 -€20,585 -42.7%
Taxes 450/3 €46,078 €27,326 -€18,752 -40.7%
Remuneration and social security 454/9 €2,101 €269 -€1,833 -87.2%
Other amounts payable 47/48 €46,750 €20,900 -€25,850 -55.3%
Remuneration, social security and pensions 62 €3,000 €3,837 +€837 +27.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €6,175 €6,810 +€634 +10.3%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) 631/4 €14,830 - -€14,830
Other operating charges 640/8 €510 €625 +€116 +22.7%
Gross operating margin 9900 €121,753 €66,499 -€55,254 -45.4%
Operating profit (loss) 9901 €97,238 €55,227 -€42,011 -43.2%
Financial income 75/76B €690 - -€690
Recurring financial income 75 €690 - -€690
Financial charges 65/66B €216 €463 +€246 +114.0%
Recurring financial charges 65 €216 €463 +€246 +114.0%
Profit (loss) for the period before taxes 9903 €97,712 €54,765 -€42,947 -44.0%
Income taxes 67/77 €21,211 €12,164 -€9,047 -42.7%
Profit (loss) for the period 9904 €76,500 €42,601 -€33,900 -44.3%
Profit (loss) for the period to be appropriated 9905 €76,500 €42,601 -€33,900 -44.3%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.