NBG Management: 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.
NBG Management
Largest movements
- Receivables within one year -€700,071
down €700,071 (-25.4%), from €2.8m to €2.1m
of which Other amounts receivable: -€718,650
- Cash +€80,665
up €80,665 (+92.8%), from €86,929 to €167,594
mainly Net result for the year (+€1.1m) and Receivables within one year (+€700,071)
- Debts after one year -€2.0m
down €2.0m (-100%), from €2.0m to €0
- Reserves +€1.0m
up €1.0m (+918%), from €110,745 to €1.1m
- Other debts +€285,814
up €285,814 (+37.5%), from €762,921 to €1.0m
- Tax, wage and social debts +€68,256
up €68,256 (+473%), from €14,439 to €82,695
- Gross operating margin +€691,251
up €691,251 (+990%), from €69,841 to €761,093
- Financial income +€569,835
up €569,835 (+14,847%), from €3,838 to €573,673
- Taxes +€200,817
up €200,817 (+1,433%), from €14,014 to €214,832
- Financial charges +€42,676
up €42,676 (+651%), from €6,558 to €49,234
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 | €2,894,351 | €2,274,970 | -€619,381 | -21.4% |
| Fixed assets | 21/28 | €54,565 | €53,248 | -€1,317 | -2.4% |
| Tangible fixed assets | 22/27 | €4,565 | €3,248 | -€1,317 | -28.8% |
| Furniture and vehicles | 24 | €4,565 | €3,248 | -€1,317 | -28.8% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €2,839,786 | €2,221,722 | -€618,064 | -21.8% |
| Amounts receivable within one year | 40/41 | €2,751,694 | €2,051,623 | -€700,071 | -25.4% |
| Trade receivables | 40 | €16,870 | €35,450 | +€18,580 | +110% |
| Other amounts receivable | 41 | €2,734,823 | €2,016,173 | -€718,650 | -26.3% |
| Cash at bank and in hand | 54/58 | €86,929 | €167,594 | +€80,665 | +92.8% |
| Deferred charges and accrued income | 490/1 | €1,163 | €2,505 | +€1,342 | +115% |
| Total equity and liabilities | 10/49 | €2,894,351 | €2,274,970 | -€619,381 | -21.4% |
| Equity | 10/15 | €115,745 | €1,132,809 | +€1.0m | +879% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €110,745 | €1,127,809 | +€1.0m | +918% |
| Distributable reserves | 133 | €110,745 | €1,127,809 | +€1.0m | +918% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,778,606 | €1,142,161 | -€1.6m | -58.9% |
| Amounts payable after more than one year | 17 | €2,000,000 | €0 | -€2.0m | -100% |
| Financial debts | 170/4 | €2,000,000 | €0 | -€2.0m | -100% |
| Amounts payable within one year | 42/48 | €778,606 | €1,142,161 | +€363,555 | +46.7% |
| Trade debts | 44 | €1,246 | €10,731 | +€9,485 | +762% |
| Suppliers | 440/4 | €1,246 | €10,731 | +€9,485 | +762% |
| Taxes, remuneration and social security | 45 | €14,439 | €82,695 | +€68,256 | +473% |
| Taxes | 450/3 | €14,439 | €82,695 | +€68,256 | +473% |
| Other amounts payable | 47/48 | €762,921 | €1,048,735 | +€285,814 | +37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €497 | €1,317 | +€820 | +165% |
| Other operating charges | 640/8 | €1,175 | €884 | -€291 | -24.7% |
| Gross operating margin | 9900 | €69,841 | €761,093 | +€691,251 | +990% |
| Operating profit (loss) | 9901 | €68,170 | €758,892 | +€690,722 | +1,013% |
| Financial income | 75/76B | €3,838 | €573,673 | +€569,835 | +14,847% |
| Recurring financial income | 75 | €3,838 | €573,673 | +€569,835 | +14,847% |
| Financial charges | 65/66B | €6,558 | €49,234 | +€42,676 | +651% |
| Recurring financial charges | 65 | €6,558 | €49,234 | +€42,676 | +651% |
| Profit (loss) for the period before taxes | 9903 | €65,449 | €1,283,331 | +€1.2m | +1,861% |
| Income taxes | 67/77 | €14,014 | €214,832 | +€200,817 | +1,433% |
| Profit (loss) for the period | 9904 | €51,435 | €1,068,499 | +€1.0m | +1,977% |
| Profit (loss) for the period to be appropriated | 9905 | €51,435 | €1,068,499 | +€1.0m | +1,977% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.