NPEC: 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.
NPEC
Largest movements
- Cash +€20,995
up €20,995 (+49.2%), from €42,696 to €63,692
mainly Other debts (+€50,396) and Net result for the year (+€20,507)
- Receivables within one year -€14,709
down €14,709 (-54.1%), from €27,202 to €12,493
of which Trade receivables: -€14,519
- Profit (loss) carried forward -€65,500
down €65,500 (-99.9%), from €65,544 to €44
- Other debts +€50,396
up €50,396 (+917.0%), from €5,496 to €55,891
- Reserves +€20,507
new in 2025: €20,507
- Tax, wage and social debts +€1,587
up €1,587 (+93.5%), from €1,697 to €3,284
- Trade debts -€1,088
down €1,088 (-42.8%), from €2,543 to €1,455
- Gross operating margin +€7,806
up €7,806 (+31.6%), from €24,702 to €32,508
- Taxes +€3,993
up €3,993 (+75.5%), from €5,292 to €9,284
- Other operating charges -€482
down €482 (-45.7%), from €1,054 to €573
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 | €76,279 | €82,182 | +€5,902 | +7.7% |
| Fixed assets | 21/28 | €2,884 | €2,472 | -€412 | -14.3% |
| Tangible fixed assets | 22/27 | €2,884 | €2,472 | -€412 | -14.3% |
| Furniture and vehicles | 24 | €2,884 | €2,472 | -€412 | -14.3% |
| Current assets | 29/58 | €73,395 | €79,710 | +€6,314 | +8.6% |
| Amounts receivable within one year | 40/41 | €27,202 | €12,493 | -€14,709 | -54.1% |
| Trade receivables | 40 | €26,609 | €12,090 | -€14,519 | -54.6% |
| Other amounts receivable | 41 | €593 | €403 | -€190 | -32.1% |
| Cash at bank and in hand | 54/58 | €42,696 | €63,692 | +€20,995 | +49.2% |
| Deferred charges and accrued income | 490/1 | €3,497 | €3,526 | +€28 | +0.8% |
| Total equity and liabilities | 10/49 | €76,279 | €82,182 | +€5,902 | +7.7% |
| Equity | 10/15 | €66,544 | €21,551 | -€44,993 | -67.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €20,507 | +€20,507 | |
| Distributable reserves | 133 | - | €20,507 | +€20,507 | |
| Profit (loss) carried forward | 14 | €65,544 | €44 | -€65,500 | -99.9% |
| Amounts payable | 17/49 | €9,735 | €60,630 | +€50,895 | +522.8% |
| Amounts payable within one year | 42/48 | €9,735 | €60,630 | +€50,895 | +522.8% |
| Trade debts | 44 | €2,543 | €1,455 | -€1,088 | -42.8% |
| Suppliers | 440/4 | €2,543 | €1,455 | -€1,088 | -42.8% |
| Taxes, remuneration and social security | 45 | €1,697 | €3,284 | +€1,587 | +93.5% |
| Taxes | 450/3 | €1,697 | €3,284 | +€1,587 | +93.5% |
| Other amounts payable | 47/48 | €5,496 | €55,891 | +€50,396 | +917.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,733 | €1,779 | +€47 | +2.7% |
| Other operating charges | 640/8 | €1,054 | €573 | -€482 | -45.7% |
| Gross operating margin | 9900 | €24,702 | €32,508 | +€7,806 | +31.6% |
| Operating profit (loss) | 9901 | €21,914 | €30,156 | +€8,241 | +37.6% |
| Financial charges | 65/66B | €629 | €364 | -€265 | -42.1% |
| Recurring financial charges | 65 | €629 | €364 | -€265 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €21,286 | €29,792 | +€8,506 | +40.0% |
| Income taxes | 67/77 | €5,292 | €9,284 | +€3,993 | +75.5% |
| Profit (loss) for the period | 9904 | €15,994 | €20,507 | +€4,513 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,994 | €20,507 | +€4,513 | +28.2% |
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.