NTC: 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.
NTC
Largest movements
- Receivables within one year -€19,643
down €19,643 (-19.1%), from €102,856 to €83,213
of which Other amounts receivable: -€23,107
- Cash +€16,434
up €16,434 (+34.8%), from €47,246 to €63,680
mainly Receivables within one year (+€19,643) and Net result for the year (+€1)
- Deferred charges and accrued income +€1,964
new in 2025: €1,964
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€23,763
no longer reported in 2025 (was €23,763)
- Gross operating margin +€10,542
up €10,542, from -€7,900 to €2,642
- Other operating charges -€5,478
down €5,478 (-82.9%), from €6,605 to €1,126
- Taxes -€1,704
no longer reported in 2025 (was €1,704)
- Staff costs -€1,043
no longer reported in 2025 (was €1,043)
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 | €150,102 | €148,857 | -€1,245 | -0.8% |
| Current assets | 29/58 | €150,102 | €148,857 | -€1,245 | -0.8% |
| Amounts receivable within one year | 40/41 | €102,856 | €83,213 | -€19,643 | -19.1% |
| Trade receivables | 40 | €22,821 | €26,285 | +€3,464 | +15.2% |
| Other amounts receivable | 41 | €80,035 | €56,928 | -€23,107 | -28.9% |
| Cash at bank and in hand | 54/58 | €47,246 | €63,680 | +€16,434 | +34.8% |
| Deferred charges and accrued income | 490/1 | - | €1,964 | +€1,964 | |
| Total equity and liabilities | 10/49 | €150,102 | €148,857 | -€1,245 | -0.8% |
| Equity | 10/15 | €125,249 | €125,250 | +€1 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €106,649 | €106,650 | +€1 | 0.0% |
| Distributable reserves | 133 | €106,649 | €106,650 | +€1 | 0.0% |
| Amounts payable | 17/49 | €24,853 | €23,607 | -€1,246 | -5.0% |
| Amounts payable within one year | 42/48 | €23,727 | €22,614 | -€1,113 | -4.7% |
| Trade debts | 44 | €3,200 | €2,145 | -€1,056 | -33.0% |
| Suppliers | 440/4 | €3,200 | €2,145 | -€1,056 | -33.0% |
| Taxes, remuneration and social security | 45 | €482 | €425 | -€57 | -11.8% |
| Taxes | 450/3 | €482 | €425 | -€57 | -11.8% |
| Other amounts payable | 47/48 | €20,044 | €20,044 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,126 | €993 | -€133 | -11.8% |
| Remuneration, social security and pensions | 62 | €1,043 | - | -€1,043 | |
| Other operating charges | 640/8 | €6,605 | €1,126 | -€5,478 | -82.9% |
| Gross operating margin | 9900 | -€7,900 | €2,642 | +€10,542 | |
| Operating profit (loss) | 9901 | -€15,548 | €1,515 | +€17,063 | |
| Financial income | 75/76B | €23,763 | - | -€23,763 | |
| Recurring financial income | 75 | €23,763 | - | -€23,763 | |
| Financial charges | 65/66B | €1,723 | €1,514 | -€208 | -12.1% |
| Recurring financial charges | 65 | €1,723 | €1,514 | -€208 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €6,493 | €1 | -€6,492 | -100.0% |
| Income taxes | 67/77 | €1,704 | - | -€1,704 | |
| Profit (loss) for the period | 9904 | €4,789 | €1 | -€4,788 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,789 | €1 | -€4,788 | -100.0% |
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 1 October 2026 via checked.be.