NBCF: 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.
NBCF
Largest movements
- Stocks and contracts +€218,663
up €218,663 (+73.6%), from €297,297 to €515,960
- Cash +€106,312
up €106,312 (+1,211%), from €8,781 to €115,093
mainly Debts after one year (+€472,000) and Trade debts (+€42,830)
- Debts after one year +€472,000
up €472,000 (+236%), from €200,000 to €672,000
- Profit (loss) carried forward -€152,942
down €152,942 (-53.9%), from €283,509 to €130,568
- Tax, wage and social debts -€54,587
down €54,587 (-97.4%), from €56,017 to €1,430
- Trade debts +€42,830
up €42,830 (+192%), from €22,324 to €65,154
- Gross operating margin -€274,136
down €274,136, from €176,636 to -€97,500
- Taxes -€54,587
down €54,587 (-99.7%), from €54,763 to €175
- Financial charges +€39,778
up €39,778 (+1,144%), from €3,478 to €43,256
- Financial income -€3,511
down €3,511 (-95.9%), from €3,663 to €151
- Depreciation -€2,233
down €2,233 (-17.0%), from €13,106 to €10,873
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.
Derived cash bridge
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 | €780,250 | €1,087,551 | +€307,301 | +39.4% |
| Fixed assets | 21/28 | €221,161 | €210,288 | -€10,873 | -4.9% |
| Tangible fixed assets | 22/27 | €69,720 | €58,846 | -€10,873 | -15.6% |
| Plant, machinery and equipment | 23 | €4,156 | €3,223 | -€933 | -22.5% |
| Furniture and vehicles | 24 | €41,064 | €31,123 | -€9,940 | -24.2% |
| Other tangible fixed assets | 26 | €24,500 | €24,500 | = | 0.0% |
| Financial fixed assets | 28 | €151,441 | €151,441 | = | 0.0% |
| Current assets | 29/58 | €559,089 | €877,263 | +€318,174 | +56.9% |
| Stocks and contracts in progress | 3 | €297,297 | €515,960 | +€218,663 | +73.6% |
| Stocks | 30/36 | €297,297 | €515,960 | +€218,663 | +73.6% |
| Amounts receivable within one year | 40/41 | €253,010 | €246,210 | -€6,800 | -2.7% |
| Trade receivables | 40 | €40,000 | €83,000 | +€43,000 | +108% |
| Other amounts receivable | 41 | €213,010 | €163,210 | -€49,800 | -23.4% |
| Cash at bank and in hand | 54/58 | €8,781 | €115,093 | +€106,312 | +1,211% |
| Total equity and liabilities | 10/49 | €780,250 | €1,087,551 | +€307,301 | +39.4% |
| Equity | 10/15 | €501,909 | €348,968 | -€152,942 | -30.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €118,400 | €118,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €108,400 | €108,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €283,509 | €130,568 | -€152,942 | -53.9% |
| Amounts payable | 17/49 | €278,341 | €738,583 | +€460,243 | +165% |
| Amounts payable after more than one year | 17 | €200,000 | €672,000 | +€472,000 | +236% |
| Financial debts | 170/4 | €200,000 | €672,000 | +€472,000 | +236% |
| Amounts payable within one year | 42/48 | €78,341 | €66,583 | -€11,757 | -15.0% |
| Trade debts | 44 | €22,324 | €65,154 | +€42,830 | +192% |
| Suppliers | 440/4 | €22,324 | €65,154 | +€42,830 | +192% |
| Taxes, remuneration and social security | 45 | €56,017 | €1,430 | -€54,587 | -97.4% |
| Taxes | 450/3 | €56,017 | €1,430 | -€54,587 | -97.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,106 | €10,873 | -€2,233 | -17.0% |
| Other operating charges | 640/8 | €552 | €1,288 | +€736 | +133% |
| Gross operating margin | 9900 | €176,636 | -€97,500 | -€274,136 | |
| Operating profit (loss) | 9901 | €162,977 | -€109,662 | -€272,639 | |
| Financial income | 75/76B | €3,663 | €151 | -€3,511 | -95.9% |
| Recurring financial income | 75 | €3,663 | €151 | -€3,511 | -95.9% |
| Financial charges | 65/66B | €3,478 | €43,256 | +€39,778 | +1,144% |
| Recurring financial charges | 65 | €3,478 | €43,256 | +€39,778 | +1,144% |
| Profit (loss) for the period before taxes | 9903 | €163,163 | -€152,766 | -€315,929 | |
| Income taxes | 67/77 | €54,763 | €175 | -€54,587 | -99.7% |
| Profit (loss) for the period | 9904 | €108,400 | -€152,942 | -€261,342 | |
| Profit (loss) for the period to be appropriated | 9905 | €108,400 | -€152,942 | -€261,342 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.