NPC & Co: 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.
NPC & Co
Largest movements
- Cash +€466,107
up €466,107 (+374.9%), from €124,317 to €590,424
mainly Net result for the year (+€497,550) and Other debts (+€490,232)
- Receivables within one year +€85,943
new in 2025: €85,943
- Tangible fixed assets +€57,481
up €57,481 (+66.2%), from €86,887 to €144,367
of which Land and buildings: +€75,380
- Deferred charges and accrued income -€20,172
down €20,172 (-82.0%), from €24,603 to €4,432
- Other debts +€490,232
up €490,232 (+620.3%), from €79,025 to €569,257
- Tax, wage and social debts +€61,329
up €61,329 (+650.8%), from €9,424 to €70,752
- Profit (loss) carried forward +€47,550
up €47,550, from -€6,702 to €40,848
- Debts after one year +€24,429
up €24,429 (+18.1%), from €135,032 to €159,461
- Provisions -€22,258
down €22,258 (-26.2%), from €84,872 to €62,614
- Financial income +€479,899
up €479,899 (+959.8%), from €50,001 to €529,900
- Provisions -€107,129
down €107,129, from €84,872 to -€22,258
- Financial charges +€63,532
up €63,532 (+124.7%), from €50,967 to €114,498
- Gross operating margin -€18,160
down €18,160 (-16.1%), from €113,040 to €94,879
- Taxes -€9,424
no longer reported in 2025 (was €9,424)
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 | €452,474 | €1,041,834 | +€589,360 | +130.3% |
| Fixed assets | 21/28 | €303,553 | €361,034 | +€57,481 | +18.9% |
| Tangible fixed assets | 22/27 | €86,887 | €144,367 | +€57,481 | +66.2% |
| Land and buildings | 22 | €49,585 | €124,965 | +€75,380 | +152.0% |
| Plant, machinery and equipment | 23 | €33,359 | €3,089 | -€30,270 | -90.7% |
| Furniture and vehicles | 24 | €3,943 | €16,313 | +€12,371 | +313.8% |
| Financial fixed assets | 28 | €216,667 | €216,667 | = | 0.0% |
| Current assets | 29/58 | €148,921 | €680,800 | +€531,879 | +357.2% |
| Amounts receivable within one year | 40/41 | - | €85,943 | +€85,943 | |
| Other amounts receivable | 41 | - | €85,943 | +€85,943 | |
| Cash at bank and in hand | 54/58 | €124,317 | €590,424 | +€466,107 | +374.9% |
| Deferred charges and accrued income | 490/1 | €24,603 | €4,432 | -€20,172 | -82.0% |
| Total equity and liabilities | 10/49 | €452,474 | €1,041,834 | +€589,360 | +130.3% |
| Equity | 10/15 | €115,850 | €163,400 | +€47,550 | +41.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €103,952 | €103,952 | = | 0.0% |
| Distributable reserves | 133 | €103,952 | €103,952 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,702 | €40,848 | +€47,550 | |
| Provisions and deferred taxes | 16 | €84,872 | €62,614 | -€22,258 | -26.2% |
| Provisions for liabilities and charges | 160/5 | €84,872 | €62,614 | -€22,258 | -26.2% |
| Other liabilities and charges | 164/5 | €84,872 | €62,614 | -€22,258 | -26.2% |
| Amounts payable | 17/49 | €251,752 | €815,819 | +€564,067 | +224.1% |
| Amounts payable after more than one year | 17 | €135,032 | €159,461 | +€24,429 | +18.1% |
| Financial debts | 170/4 | €135,032 | €159,461 | +€24,429 | +18.1% |
| Amounts payable within one year | 42/48 | €116,720 | €656,358 | +€539,638 | +462.3% |
| Current portion of amounts payable after more than one year | 42 | €25,745 | €15,103 | -€10,642 | -41.3% |
| Trade debts | 44 | €2,526 | €1,246 | -€1,280 | -50.7% |
| Suppliers | 440/4 | €2,526 | €1,246 | -€1,280 | -50.7% |
| Taxes, remuneration and social security | 45 | €9,424 | €70,752 | +€61,329 | +650.8% |
| Taxes | 450/3 | €9,424 | €70,752 | +€61,329 | +650.8% |
| Other amounts payable | 47/48 | €79,025 | €569,257 | +€490,232 | +620.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,899 | €23,618 | +€3,719 | +18.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €84,872 | -€22,258 | -€107,129 | |
| Other operating charges | 640/8 | €4,393 | €11,371 | +€6,978 | +158.9% |
| Gross operating margin | 9900 | €113,040 | €94,879 | -€18,160 | -16.1% |
| Operating profit (loss) | 9901 | €3,876 | €82,148 | +€78,272 | +2019.4% |
| Financial income | 75/76B | €50,001 | €529,900 | +€479,899 | +959.8% |
| Recurring financial income | 75 | €50,001 | €529,900 | +€479,899 | +959.8% |
| Financial charges | 65/66B | €50,967 | €114,498 | +€63,532 | +124.7% |
| Recurring financial charges | 65 | €50,967 | €114,498 | +€63,532 | +124.7% |
| Profit (loss) for the period before taxes | 9903 | €2,911 | €497,550 | +€494,639 | +16994.8% |
| Income taxes | 67/77 | €9,424 | - | -€9,424 | |
| Profit (loss) for the period | 9904 | -€6,513 | €497,550 | +€504,063 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,513 | €497,550 | +€504,063 |
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 4 October 2026 via checked.be.