NC PROJECT: what changed
NC PROJECT
Largest movements
- Cash -€28,098
down €28,098 (-88.7%), from €31,665 to €3,567
mainly Receivables within one year (-€27,000) and Net result for the year (-€1,630)
- Receivables within one year +€27,000
new in 2025: €27,000
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€1,026
up €1,026 (+52.7%), from -€1,945 to -€920
- Other operating charges -€36
down €36 (-5.1%), from €700 to €664
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €282,525 | €281,427 | -€1,098 | -0.4% |
| Fixed assets | 21/28 | €107,040 | €107,040 | = | 0.0% |
| Tangible fixed assets | 22/27 | €107,040 | €107,040 | = | 0.0% |
| Land and buildings | 22 | €107,040 | €107,040 | = | 0.0% |
| Current assets | 29/58 | €175,485 | €174,387 | -€1,098 | -0.6% |
| Stocks and contracts in progress | 3 | €48,820 | €48,820 | = | 0.0% |
| Stocks | 30/36 | €48,820 | €48,820 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €27,000 | +€27,000 | |
| Other amounts receivable | 41 | - | €27,000 | +€27,000 | |
| Current investments | 50/53 | €95,000 | €95,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €31,665 | €3,567 | -€28,098 | -88.7% |
| Total equity and liabilities | 10/49 | €282,525 | €281,427 | -€1,098 | -0.4% |
| Equity | 10/15 | €191,013 | €189,382 | -€1,630 | -0.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €129,013 | €127,382 | -€1,630 | -1.3% |
| Non-distributable reserves | 130/1 | €101,200 | €101,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Own shares acquired | 1312 | €95,000 | €95,000 | = | 0.0% |
| Distributable reserves | 133 | €27,813 | €26,182 | -€1,630 | -5.9% |
| Amounts payable | 17/49 | €91,512 | €92,045 | +€532 | +0.6% |
| Amounts payable within one year | 42/48 | €91,512 | €92,045 | +€532 | +0.6% |
| Trade debts | 44 | €387 | €920 | +€532 | +137% |
| Suppliers | 440/4 | €387 | €920 | +€532 | +137% |
| Other amounts payable | 47/48 | €91,125 | €91,125 | = | 0.0% |
| Other operating charges | 640/8 | €700 | €664 | -€36 | -5.1% |
| Gross operating margin | 9900 | -€1,945 | -€920 | +€1,026 | +52.7% |
| Operating profit (loss) | 9901 | -€2,645 | -€1,584 | +€1,061 | +40.1% |
| Financial charges | 65/66B | €46 | €46 | = | 0.0% |
| Recurring financial charges | 65 | €46 | €46 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,692 | -€1,630 | +€1,061 | +39.4% |
| Profit (loss) for the period | 9904 | -€2,692 | -€1,630 | +€1,061 | +39.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,692 | -€1,630 | +€1,061 | +39.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.