N.G.S.: 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.
N.G.S.
Largest movements
- Cash +€9,590
up €9,590 (+93.3%), from €10,280 to €19,871
mainly Net result for the year (+€12,098) and Depreciation (+€7,720)
- Tangible fixed assets -€7,720
down €7,720 (-31.1%), from €24,861 to €17,141
of which Furniture and vehicles: -€7,535
- Receivables within one year +€6,168
up €6,168 (+44.3%), from €13,907 to €20,074
of which Other amounts receivable: +€4,171
- Financial fixed assets +€1,300
up €1,300 (+461%), from €282 to €1,582
- Deferred charges and accrued income -€786
no longer reported in 2024 (was €786)
- Profit (loss) carried forward +€12,098
up €12,098 (+38.5%), from €31,406 to €43,504
- Tax, wage and social debts -€2,611
down €2,611 (-17.1%), from €15,287 to €12,676
of which Remuneration and social security: -€1,386
- Trade debts -€994
down €994 (-70.8%), from €1,404 to €410
- Gross operating margin -€33,400
down €33,400 (-40.0%), from €83,408 to €50,008
- Staff costs -€13,229
down €13,229 (-39.6%), from €33,371 to €20,143
- Taxes -€2,779
down €2,779 (-27.4%), from €10,140 to €7,361
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.
Derived cash bridge
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 | €50,115 | €58,667 | +€8,552 | +17.1% |
| Fixed assets | 21/28 | €25,143 | €18,722 | -€6,420 | -25.5% |
| Tangible fixed assets | 22/27 | €24,861 | €17,141 | -€7,720 | -31.1% |
| Plant, machinery and equipment | 23 | €373 | €188 | -€186 | -49.7% |
| Furniture and vehicles | 24 | €24,488 | €16,953 | -€7,535 | -30.8% |
| Financial fixed assets | 28 | €282 | €1,582 | +€1,300 | +461% |
| Current assets | 29/58 | €24,972 | €39,945 | +€14,972 | +60.0% |
| Amounts receivable within one year | 40/41 | €13,907 | €20,074 | +€6,168 | +44.3% |
| Trade receivables | 40 | - | €1,997 | +€1,997 | |
| Other amounts receivable | 41 | €13,907 | €18,077 | +€4,171 | +30.0% |
| Cash at bank and in hand | 54/58 | €10,280 | €19,871 | +€9,590 | +93.3% |
| Deferred charges and accrued income | 490/1 | €786 | - | -€786 | |
| Total equity and liabilities | 10/49 | €50,115 | €58,667 | +€8,552 | +17.1% |
| Equity | 10/15 | €33,406 | €45,504 | +€12,098 | +36.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,406 | €43,504 | +€12,098 | +38.5% |
| Amounts payable | 17/49 | €16,709 | €13,163 | -€3,546 | -21.2% |
| Amounts payable within one year | 42/48 | €16,709 | €13,163 | -€3,546 | -21.2% |
| Trade debts | 44 | €1,404 | €410 | -€994 | -70.8% |
| Suppliers | 440/4 | €1,404 | €410 | -€994 | -70.8% |
| Taxes, remuneration and social security | 45 | €15,287 | €12,676 | -€2,611 | -17.1% |
| Taxes | 450/3 | €13,261 | €12,036 | -€1,225 | -9.2% |
| Remuneration and social security | 454/9 | €2,026 | €640 | -€1,386 | -68.4% |
| Other amounts payable | 47/48 | €18 | €77 | +€59 | +334% |
| Remuneration, social security and pensions | 62 | €33,371 | €20,143 | -€13,229 | -39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,435 | €7,720 | +€285 | +3.8% |
| Other operating charges | 640/8 | €1,513 | €886 | -€627 | -41.4% |
| Non-recurring operating charges | 66A | - | €2,549 | +€2,549 | |
| Gross operating margin | 9900 | €83,408 | €50,008 | -€33,400 | -40.0% |
| Operating profit (loss) | 9901 | €41,089 | €18,710 | -€22,378 | -54.5% |
| Financial income | 75/76B | €537 | €954 | +€416 | +77.5% |
| Recurring financial income | 75 | €537 | €954 | +€416 | +77.5% |
| Financial charges | 65/66B | €79 | €205 | +€126 | +159% |
| Recurring financial charges | 65 | €79 | €205 | +€126 | +159% |
| Profit (loss) for the period before taxes | 9903 | €41,547 | €19,459 | -€22,088 | -53.2% |
| Income taxes | 67/77 | €10,140 | €7,361 | -€2,779 | -27.4% |
| Profit (loss) for the period | 9904 | €31,406 | €12,098 | -€19,309 | -61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,406 | €12,098 | -€19,309 | -61.5% |
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 20 October 2026 via checked.be.