NBCE: what changed
NBCE
Largest movements
- Current investments -€295,405
down €295,405 (-41.6%), from €710,411 to €415,006
- Receivables within one year +€227,941
up €227,941 (+15.0%), from €1.5m to €1.8m
of which Other amounts receivable: +€488,118
- Financial fixed assets +€54,268
up €54,268 (+20.6%), from €263,726 to €317,994
- Cash +€37,494
up €37,494 (+29.8%), from €125,960 to €163,454
mainly Current investments (+€295,405) and Net result for the year (+€77,148)
- Profit (loss) carried forward +€77,148
up €77,148 (+3.2%), from €2.4m to €2.5m
- Tax, wage and social debts -€62,118
down €62,118 (-66.9%), from €92,854 to €30,736
- Turnover -€593,974
down €593,974 (-79.7%), from €745,044 to €151,070
- Gross operating margin -€510,364
down €510,364 (-91.1%), from €560,347 to €49,983
- Taxes -€122,553
down €122,553 (-78.6%), from €155,956 to €33,403
- Purchases and services -€83,610
down €83,610 (-45.3%), from €184,697 to €101,087
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,649,696 | €2,670,648 | +€20,952 | +0.8% |
| Fixed assets | 21/28 | €289,228 | €340,150 | +€50,922 | +17.6% |
| Tangible fixed assets | 22/27 | €25,502 | €22,156 | -€3,346 | -13.1% |
| Furniture and vehicles | 24 | €25,502 | €22,156 | -€3,346 | -13.1% |
| Financial fixed assets | 28 | €263,726 | €317,994 | +€54,268 | +20.6% |
| Current assets | 29/58 | €2,360,468 | €2,330,498 | -€29,970 | -1.3% |
| Amounts receivable within one year | 40/41 | €1,524,097 | €1,752,038 | +€227,941 | +15.0% |
| Trade receivables | 40 | €260,177 | - | -€260,177 | |
| Other amounts receivable | 41 | €1,263,920 | €1,752,038 | +€488,118 | +38.6% |
| Current investments | 50/53 | €710,411 | €415,006 | -€295,405 | -41.6% |
| Cash at bank and in hand | 54/58 | €125,960 | €163,454 | +€37,494 | +29.8% |
| Total equity and liabilities | 10/49 | €2,649,696 | €2,670,648 | +€20,952 | +0.8% |
| Equity | 10/15 | €2,550,304 | €2,627,452 | +€77,148 | +3.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | - | -€10,000 | |
| Reserves not available under the articles | 1311 | €10,000 | - | -€10,000 | |
| Distributable reserves | 133 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | €2,440,304 | €2,517,452 | +€77,148 | +3.2% |
| Amounts payable | 17/49 | €99,392 | €43,196 | -€56,196 | -56.5% |
| Amounts payable within one year | 42/48 | €99,392 | €43,196 | -€56,196 | -56.5% |
| Trade debts | 44 | €6,538 | €3,581 | -€2,957 | -45.2% |
| Suppliers | 440/4 | €6,538 | €3,581 | -€2,957 | -45.2% |
| Taxes, remuneration and social security | 45 | €92,854 | €30,736 | -€62,118 | -66.9% |
| Taxes | 450/3 | €92,854 | €30,736 | -€62,118 | -66.9% |
| Other amounts payable | 47/48 | - | €8,879 | +€8,879 | |
| Turnover | 70 | €745,044 | €151,070 | -€593,974 | -79.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €184,697 | €101,087 | -€83,610 | -45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,460 | €3,346 | -€114 | -3.3% |
| Other operating charges | 640/8 | €118 | - | -€118 | |
| Gross operating margin | 9900 | €560,347 | €49,983 | -€510,364 | -91.1% |
| Operating profit (loss) | 9901 | €556,769 | €46,637 | -€510,132 | -91.6% |
| Financial income | 75/76B | €66,110 | €64,734 | -€1,376 | -2.1% |
| Recurring financial income | 75 | €66,110 | €64,734 | -€1,376 | -2.1% |
| Financial charges | 65/66B | €50 | €820 | +€770 | +1,540% |
| Recurring financial charges | 65 | €50 | €820 | +€770 | +1,540% |
| Profit (loss) for the period before taxes | 9903 | €622,829 | €110,551 | -€512,278 | -82.3% |
| Income taxes | 67/77 | €155,956 | €33,403 | -€122,553 | -78.6% |
| Profit (loss) for the period | 9904 | €466,873 | €77,148 | -€389,725 | -83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €466,873 | €77,148 | -€389,725 | -83.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.