NEGOL: 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.
NEGOL
Largest movements
- Cash -€16,131
down €16,131 (-68.3%), from €23,629 to €7,498
mainly Other debts (-€22,015) and Tax, wage and social debts (-€8,382)
- Financial fixed assets -€13,808
down €13,808 (-6.9%), from €200,463 to €186,655
- Receivables within one year +€4,842
up €4,842 (+70.0%), from €6,921 to €11,763
of which Other amounts receivable: +€5,217
- Other debts -€22,015
down €22,015 (-24.3%), from €90,584 to €68,568
- Tax, wage and social debts -€8,382
down €8,382 (-67.7%), from €12,387 to €4,005
of which Remuneration and social security: -€6,121
- Reserves +€6,109
up €6,109 (+6.1%), from €100,000 to €106,109
- Gross operating margin -€51,641
down €51,641 (-90.4%), from €57,129 to €5,488
- Taxes -€12,863
down €12,863 (-84.7%), from €15,193 to €2,330
- Depreciation -€4,846
down €4,846 (-83.9%), from €5,776 to €929
- Financial income -€869
down €869 (-17.2%), from €5,039 to €4,170
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €231,942 | €205,916 | -€26,026 | -11.2% |
| Fixed assets | 21/28 | €201,392 | €186,655 | -€14,737 | -7.3% |
| Tangible fixed assets | 22/27 | €929 | €0 | -€929 | -100% |
| Leasing and similar rights | 25 | €929 | €0 | -€929 | -100% |
| Financial fixed assets | 28 | €200,463 | €186,655 | -€13,808 | -6.9% |
| Current assets | 29/58 | €30,550 | €19,261 | -€11,288 | -37.0% |
| Amounts receivable within one year | 40/41 | €6,921 | €11,763 | +€4,842 | +70.0% |
| Trade receivables | 40 | €6,921 | €6,546 | -€375 | -5.4% |
| Other amounts receivable | 41 | - | €5,217 | +€5,217 | |
| Cash at bank and in hand | 54/58 | €23,629 | €7,498 | -€16,131 | -68.3% |
| Total equity and liabilities | 10/49 | €231,942 | €205,916 | -€26,026 | -11.2% |
| Equity | 10/15 | €122,000 | €128,109 | +€6,109 | +5.0% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €106,109 | +€6,109 | +6.1% |
| Distributable reserves | 133 | €100,000 | €106,109 | +€6,109 | +6.1% |
| Amounts payable | 17/49 | €109,942 | €77,807 | -€32,135 | -29.2% |
| Amounts payable within one year | 42/48 | €109,942 | €77,807 | -€32,135 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €1,927 | €0 | -€1,927 | -100% |
| Trade debts | 44 | €5,043 | €5,233 | +€190 | +3.8% |
| Suppliers | 440/4 | €5,043 | €5,233 | +€190 | +3.8% |
| Taxes, remuneration and social security | 45 | €12,387 | €4,005 | -€8,382 | -67.7% |
| Taxes | 450/3 | €6,266 | €4,005 | -€2,261 | -36.1% |
| Remuneration and social security | 454/9 | €6,121 | €0 | -€6,121 | -100% |
| Other amounts payable | 47/48 | €90,584 | €68,568 | -€22,015 | -24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,776 | €929 | -€4,846 | -83.9% |
| Other operating charges | 640/8 | €216 | €221 | +€5 | +2.2% |
| Gross operating margin | 9900 | €57,129 | €5,488 | -€51,641 | -90.4% |
| Operating profit (loss) | 9901 | €51,137 | €4,337 | -€46,799 | -91.5% |
| Financial income | 75/76B | €5,039 | €4,170 | -€869 | -17.2% |
| Recurring financial income | 75 | €5,039 | €4,170 | -€869 | -17.2% |
| Financial charges | 65/66B | €173 | €68 | -€105 | -60.7% |
| Recurring financial charges | 65 | €173 | €68 | -€105 | -60.7% |
| Profit (loss) for the period before taxes | 9903 | €56,003 | €8,440 | -€47,563 | -84.9% |
| Income taxes | 67/77 | €15,193 | €2,330 | -€12,863 | -84.7% |
| Profit (loss) for the period | 9904 | €40,810 | €6,109 | -€34,700 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,810 | €6,109 | -€34,700 | -85.0% |
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 18 October 2026 via checked.be.