NBGT: what changed
Two fiscal 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.
NBGT
Largest movements
- Cash +€27,822
up €27,822 (+17.2%), from €162,171 to €189,993
mainly Other debts (+€130,571) and Net result for the year (+€9,598)
- Financial fixed assets -€7,740
down €7,740 (-56.3%), from €13,740 to €6,000
- Receivables within one year +€3,199
up €3,199 (+200.9%), from €1,593 to €4,792
of which Trade receivables: +€3,123
- Other debts +€130,571
up €130,571 (+506.6%), from €25,775 to €156,346
- Reserves -€115,402
down €115,402 (-81.0%), from €142,488 to €27,086
- Advances received +€4,334
new in 2025: €4,334
- Accrued charges and deferred income +€3,547
up €3,547 (+103.0%), from €3,443 to €6,990
- Financial income -€23,220
down €23,220 (-90.0%), from €25,800 to €2,580
of which Financial income: -€23,220
- Gross operating margin +€7,409
up €7,409 (+209.5%), from €3,535 to €10,944
- Depreciation -€491
down €491 (-29.9%), from €1,643 to €1,152
- Other operating charges +€419
up €419 (+229.1%), from €183 to €602
- Financial charges +€299
up €299 (+16.0%), from €1,873 to €2,172
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.
Cash bridge derived
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 | €178,711 | €200,840 | +€22,129 | +12.4% |
| Fixed assets | 21/28 | €14,947 | €6,055 | -€8,892 | -59.5% |
| Tangible fixed assets | 22/27 | €1,207 | €55 | -€1,152 | -95.4% |
| Plant, machinery and equipment | 23 | €1,207 | €55 | -€1,152 | -95.4% |
| Financial fixed assets | 28 | €13,740 | €6,000 | -€7,740 | -56.3% |
| Current assets | 29/58 | €163,764 | €194,785 | +€31,022 | +18.9% |
| Amounts receivable within one year | 40/41 | €1,593 | €4,792 | +€3,199 | +200.9% |
| Trade receivables | 40 | €1,211 | €4,334 | +€3,123 | +257.9% |
| Other amounts receivable | 41 | €382 | €458 | +€76 | +20.0% |
| Cash at bank and in hand | 54/58 | €162,171 | €189,993 | +€27,822 | +17.2% |
| Total equity and liabilities | 10/49 | €178,711 | €200,840 | +€22,129 | +12.4% |
| Equity | 10/15 | €148,488 | €33,086 | -€115,402 | -77.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €142,488 | €27,086 | -€115,402 | -81.0% |
| Distributable reserves | 133 | €142,488 | €27,086 | -€115,402 | -81.0% |
| Amounts payable | 17/49 | €30,222 | €167,754 | +€137,532 | +455.1% |
| Amounts payable within one year | 42/48 | €26,779 | €160,764 | +€133,985 | +500.3% |
| Trade debts | 44 | €1,005 | €84 | -€921 | -91.6% |
| Suppliers | 440/4 | €1,005 | €84 | -€921 | -91.6% |
| Advances received on contracts in progress | 46 | - | €4,334 | +€4,334 | |
| Other amounts payable | 47/48 | €25,775 | €156,346 | +€130,571 | +506.6% |
| Accrued charges and deferred income | 492/3 | €3,443 | €6,990 | +€3,547 | +103.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,643 | €1,152 | -€491 | -29.9% |
| Other operating charges | 640/8 | €183 | €602 | +€419 | +229.1% |
| Gross operating margin | 9900 | €3,535 | €10,944 | +€7,409 | +209.5% |
| Operating profit (loss) | 9901 | €1,709 | €9,190 | +€7,480 | +437.7% |
| Financial income | 75/76B | €25,800 | €2,580 | -€23,220 | -90.0% |
| Recurring financial income | 75 | €25,800 | €2,580 | -€23,220 | -90.0% |
| Non-recurring financial income | 76B | - | €2,580 | +€2,580 | |
| Financial charges | 65/66B | €1,873 | €2,172 | +€299 | +16.0% |
| Recurring financial charges | 65 | €1,873 | €2,172 | +€299 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €25,637 | €9,598 | -€16,039 | -62.6% |
| Profit (loss) for the period | 9904 | €25,637 | €9,598 | -€16,039 | -62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,637 | €9,598 | -€16,039 | -62.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.