NSCM: 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.
NSCM
Largest movements
- Receivables within one year -€7,496
down €7,496 (-73.0%), from €10,262 to €2,766
of which Trade receivables: -€8,289
- Cash -€4,976
down €4,976 (-80.4%), from €6,188 to €1,212
mainly Net result for the year (-€36,192) and Tax, wage and social debts (-€7,833)
- Tangible fixed assets -€1,545
down €1,545 (-35.2%), from €4,389 to €2,843
- Profit (loss) carried forward -€36,192
down €36,192 (-3962.8%), from -€913 to -€37,106
- Other debts +€31,210
up €31,210 (+292.3%), from €10,676 to €41,886
- Tax, wage and social debts -€7,833
down €7,833 (-93.0%), from €8,420 to €587
of which Taxes: -€6,900
- Debts after one year -€1,174
no longer reported in 2025 (was €1,174)
- Gross operating margin -€36,169
down €36,169, from €4,179 to -€31,990
- Other operating charges -€327
down €327 (-39.5%), from €828 to €501
- Financial charges -€326
down €326 (-13.9%), from €2,353 to €2,027
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 | €25,648 | €11,623 | -€14,026 | -54.7% |
| Fixed assets | 21/28 | €4,389 | €2,843 | -€1,545 | -35.2% |
| Tangible fixed assets | 22/27 | €4,389 | €2,843 | -€1,545 | -35.2% |
| Furniture and vehicles | 24 | €4,389 | €2,843 | -€1,545 | -35.2% |
| Current assets | 29/58 | €21,260 | €8,779 | -€12,480 | -58.7% |
| Amounts receivable within one year | 40/41 | €10,262 | €2,766 | -€7,496 | -73.0% |
| Trade receivables | 40 | €10,214 | €1,924 | -€8,289 | -81.2% |
| Other amounts receivable | 41 | €48 | €841 | +€793 | +1658.3% |
| Cash at bank and in hand | 54/58 | €6,188 | €1,212 | -€4,976 | -80.4% |
| Deferred charges and accrued income | 490/1 | €4,810 | €4,802 | -€9 | -0.2% |
| Total equity and liabilities | 10/49 | €25,648 | €11,623 | -€14,026 | -54.7% |
| Equity | 10/15 | €1,587 | -€34,606 | -€36,192 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€913 | -€37,106 | -€36,192 | -3962.8% |
| Amounts payable | 17/49 | €24,062 | €46,228 | +€22,167 | +92.1% |
| Amounts payable after more than one year | 17 | €1,174 | - | -€1,174 | |
| Financial debts | 170/4 | €1,174 | - | -€1,174 | |
| Amounts payable within one year | 42/48 | €22,888 | €46,228 | +€23,341 | +102.0% |
| Current portion of amounts payable after more than one year | 42 | €1,344 | €1,174 | -€170 | -12.6% |
| Trade debts | 44 | €2,448 | €2,581 | +€133 | +5.4% |
| Suppliers | 440/4 | €2,448 | €2,581 | +€133 | +5.4% |
| Taxes, remuneration and social security | 45 | €8,420 | €587 | -€7,833 | -93.0% |
| Taxes | 450/3 | €7,487 | €587 | -€6,900 | -92.2% |
| Remuneration and social security | 454/9 | €933 | - | -€933 | |
| Other amounts payable | 47/48 | €10,676 | €41,886 | +€31,210 | +292.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,545 | €1,545 | = | 0.0% |
| Other operating charges | 640/8 | €828 | €501 | -€327 | -39.5% |
| Gross operating margin | 9900 | €4,179 | -€31,990 | -€36,169 | |
| Operating profit (loss) | 9901 | €1,806 | -€34,036 | -€35,843 | |
| Financial income | 75/76B | €32 | €3 | -€29 | -89.8% |
| Recurring financial income | 75 | €32 | €3 | -€29 | -89.8% |
| Financial charges | 65/66B | €2,353 | €2,027 | -€326 | -13.9% |
| Recurring financial charges | 65 | €2,353 | €2,027 | -€326 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | -€515 | -€36,060 | -€35,546 | -6907.3% |
| Income taxes | 67/77 | €399 | €132 | -€267 | -66.9% |
| Profit (loss) for the period | 9904 | -€913 | -€36,192 | -€35,279 | -3862.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€913 | -€36,192 | -€35,279 | -3862.8% |
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 3 October 2026 via checked.be.