NTC: 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.
NTC
Largest movements
- Receivables within one year +€117,068
up €117,068 (+173.9%), from €67,325 to €184,393
of which Trade receivables: +€100,064
- Deferred charges and accrued income +€4,909
up €4,909 (+268.6%), from €1,827 to €6,736
- Tangible fixed assets -€4,861
down €4,861 (-52.4%), from €9,283 to €4,422
- Financial fixed assets -€3,357
no longer reported in 2024 (was €3,357)
- Trade debts +€97,890
up €97,890 (+115.2%), from €84,939 to €182,828
- Profit (loss) carried forward +€7,965
up €7,965 (+71.7%), from €11,108 to €19,073
- Contributions +€7,769
up €7,769 (+122.8%), from €6,324 to €14,093
- Turnover -€360,867
down €360,867 (-25.7%), from €1.4m to €1.0m
- Purchases and services -€354,771
down €354,771 (-25.7%), from €1.4m to €1.0m
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,919 | €231,867 | +€113,948 | +96.6% |
| Fixed assets | 21/28 | €12,640 | €4,422 | -€8,218 | -65.0% |
| Tangible fixed assets | 22/27 | €9,283 | €4,422 | -€4,861 | -52.4% |
| Furniture and vehicles | 24 | €9,283 | €4,422 | -€4,861 | -52.4% |
| Financial fixed assets | 28 | €3,357 | - | -€3,357 | |
| Current assets | 29/58 | €105,278 | €227,445 | +€122,166 | +116.0% |
| Amounts receivable within one year | 40/41 | €67,325 | €184,393 | +€117,068 | +173.9% |
| Trade receivables | 40 | €55,641 | €155,706 | +€100,064 | +179.8% |
| Other amounts receivable | 41 | €11,684 | €28,687 | +€17,003 | +145.5% |
| Cash at bank and in hand | 54/58 | €36,126 | €36,315 | +€190 | +0.5% |
| Deferred charges and accrued income | 490/1 | €1,827 | €6,736 | +€4,909 | +268.6% |
| Total equity and liabilities | 10/49 | €117,919 | €231,867 | +€113,948 | +96.6% |
| Equity | 10/15 | €28,861 | €44,595 | +€15,734 | +54.5% |
| Contributions | 10/11 | €6,324 | €14,093 | +€7,769 | +122.8% |
| Reserves | 13 | €11,429 | €11,429 | = | 0.0% |
| Distributable reserves | 133 | €11,429 | €11,429 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,108 | €19,073 | +€7,965 | +71.7% |
| Amounts payable | 17/49 | €89,058 | €187,272 | +€98,214 | +110.3% |
| Amounts payable within one year | 42/48 | €89,058 | €187,272 | +€98,214 | +110.3% |
| Trade debts | 44 | €84,939 | €182,828 | +€97,890 | +115.2% |
| Suppliers | 440/4 | €84,939 | €182,828 | +€97,890 | +115.2% |
| Taxes, remuneration and social security | 45 | €4,119 | €4,444 | +€325 | +7.9% |
| Taxes | 450/3 | €1,419 | €4,444 | +€3,025 | +213.1% |
| Remuneration and social security | 454/9 | €2,700 | - | -€2,700 | |
| Turnover | 70 | €1,401,982 | €1,041,115 | -€360,867 | -25.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,378,707 | €1,023,936 | -€354,771 | -25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,067 | €5,750 | +€1,683 | +41.4% |
| Other operating charges | 640/8 | €903 | €636 | -€267 | -29.5% |
| Gross operating margin | 9900 | €23,276 | €17,180 | -€6,096 | -26.2% |
| Operating profit (loss) | 9901 | €18,306 | €10,794 | -€7,512 | -41.0% |
| Financial income | 75/76B | €5,731 | €12,076 | +€6,344 | +110.7% |
| Recurring financial income | 75 | €5,731 | €1,078 | -€4,653 | -81.2% |
| Non-recurring financial income | 76B | - | €10,997 | +€10,997 | |
| Financial charges | 65/66B | €17,724 | €12,585 | -€5,139 | -29.0% |
| Recurring financial charges | 65 | €17,724 | €12,585 | -€5,139 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €6,314 | €10,285 | +€3,971 | +62.9% |
| Income taxes | 67/77 | €2,961 | €2,320 | -€642 | -21.7% |
| Profit (loss) for the period | 9904 | €3,353 | €7,965 | +€4,613 | +137.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,353 | €7,965 | +€4,613 | +137.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.