NSCIT: 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.
NSCIT
Largest movements
- Receivables within one year -€68,432
down €68,432 (-24.5%), from €279,166 to €210,733
of which Trade receivables: -€37,803
- Current investments +€32,123
up €32,123 (+42.6%), from €75,426 to €107,549
- Cash +€25,714
up €25,714 (+1421.8%), from €1,809 to €27,523
mainly Receivables within one year (+€68,432) and Net result for the year (+€54,935)
- Reserves -€14,000
down €14,000 (-5.6%), from €249,360 to €235,360
of which Distributable reserves: -€14,000
- Other debts +€7,000
up €7,000 (+11.5%), from €61,000 to €68,000
- Gross operating margin +€5,691
up €5,691 (+7.8%), from €73,290 to €78,981
- Taxes +€2,797
up €2,797 (+14.3%), from €19,530 to €22,327
- Depreciation -€980
down €980 (-80.0%), from €1,225 to €245
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 | €356,645 | €345,805 | -€10,840 | -3.0% |
| Fixed assets | 21/28 | €245 | - | -€245 | |
| Tangible fixed assets | 22/27 | €245 | - | -€245 | |
| Plant, machinery and equipment | 23 | €219 | - | -€219 | |
| Furniture and vehicles | 24 | €26 | - | -€26 | |
| Current assets | 29/58 | €356,400 | €345,805 | -€10,595 | -3.0% |
| Amounts receivable within one year | 40/41 | €279,166 | €210,733 | -€68,432 | -24.5% |
| Trade receivables | 40 | €37,803 | - | -€37,803 | |
| Other amounts receivable | 41 | €241,363 | €210,733 | -€30,629 | -12.7% |
| Current investments | 50/53 | €75,426 | €107,549 | +€32,123 | +42.6% |
| Cash at bank and in hand | 54/58 | €1,809 | €27,523 | +€25,714 | +1421.8% |
| Total equity and liabilities | 10/49 | €356,645 | €345,805 | -€10,840 | -3.0% |
| Equity | 10/15 | €280,662 | €267,597 | -€13,065 | -4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €249,360 | €235,360 | -€14,000 | -5.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €247,500 | €233,500 | -€14,000 | -5.7% |
| Profit (loss) carried forward | 14 | €12,702 | €13,637 | +€935 | +7.4% |
| Amounts payable | 17/49 | €75,983 | €78,208 | +€2,225 | +2.9% |
| Amounts payable within one year | 42/48 | €75,983 | €78,208 | +€2,225 | +2.9% |
| Trade debts | 44 | €3,843 | €854 | -€2,989 | -77.8% |
| Suppliers | 440/4 | €3,843 | €854 | -€2,989 | -77.8% |
| Taxes, remuneration and social security | 45 | €11,140 | €9,354 | -€1,786 | -16.0% |
| Taxes | 450/3 | €11,140 | €9,354 | -€1,786 | -16.0% |
| Other amounts payable | 47/48 | €61,000 | €68,000 | +€7,000 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,225 | €245 | -€980 | -80.0% |
| Other operating charges | 640/8 | €1,427 | €1,158 | -€269 | -18.8% |
| Gross operating margin | 9900 | €73,290 | €78,981 | +€5,691 | +7.8% |
| Operating profit (loss) | 9901 | €70,638 | €77,578 | +€6,940 | +9.8% |
| Financial income | 75/76B | €161 | - | -€161 | |
| Recurring financial income | 75 | €161 | - | -€161 | |
| Financial charges | 65/66B | €693 | €316 | -€377 | -54.4% |
| Recurring financial charges | 65 | €693 | €316 | -€377 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | €70,105 | €77,262 | +€7,157 | +10.2% |
| Income taxes | 67/77 | €19,530 | €22,327 | +€2,797 | +14.3% |
| Profit (loss) for the period | 9904 | €50,576 | €54,935 | +€4,359 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,576 | €54,935 | +€4,359 | +8.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.