NEGOR: 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.
NEGOR
Largest movements
- Cash +€58,959
up €58,959 (+95.3%), from €61,886 to €120,845
mainly Net result for the year (+€107,477) and Depreciation (+€36,582)
- Tangible fixed assets +€54,407
up €54,407 (+19.1%), from €285,585 to €339,993
of which Furniture and vehicles: +€69,874
- Current investments -€24,477
down €24,477 (-4.1%), from €602,014 to €577,537
- Reserves +€107,477
up €107,477 (+18.0%), from €596,582 to €704,059
of which Distributable reserves: +€107,477
- Tax, wage and social debts -€12,672
no longer reported in 2023 (was €12,672)
- Gross operating margin +€30,140
up €30,140 (+9.2%), from €328,239 to €358,379
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,034,219 | €1,128,087 | +€93,868 | +9.1% |
| Fixed assets | 21/28 | €286,608 | €340,751 | +€54,142 | +18.9% |
| Intangible fixed assets | 21 | €647 | €382 | -€265 | -41.0% |
| Tangible fixed assets | 22/27 | €285,585 | €339,993 | +€54,407 | +19.1% |
| Land and buildings | 22 | €66,941 | €69,664 | +€2,722 | +4.1% |
| Plant, machinery and equipment | 23 | €3,021 | €1,932 | -€1,090 | -36.1% |
| Furniture and vehicles | 24 | €30,153 | €100,027 | +€69,874 | +232% |
| Other tangible fixed assets | 26 | €185,470 | €168,370 | -€17,100 | -9.2% |
| Financial fixed assets | 28 | €377 | €377 | = | 0.0% |
| Current assets | 29/58 | €747,611 | €787,336 | +€39,725 | +5.3% |
| Amounts receivable after more than one year | 29 | €9,800 | - | -€9,800 | |
| Trade receivables | 290 | €9,800 | - | -€9,800 | |
| Amounts receivable within one year | 40/41 | €13,265 | €17,404 | +€4,139 | +31.2% |
| Other amounts receivable | 41 | €13,265 | €17,404 | +€4,139 | +31.2% |
| Current investments | 50/53 | €602,014 | €577,537 | -€24,477 | -4.1% |
| Cash at bank and in hand | 54/58 | €61,886 | €120,845 | +€58,959 | +95.3% |
| Deferred charges and accrued income | 490/1 | €60,646 | €71,550 | +€10,904 | +18.0% |
| Total equity and liabilities | 10/49 | €1,034,219 | €1,128,087 | +€93,868 | +9.1% |
| Equity | 10/15 | €1,016,442 | €1,123,919 | +€107,477 | +10.6% |
| Contributions | 10/11 | €12,405 | €12,405 | = | 0.0% |
| Reserves | 13 | €596,582 | €704,059 | +€107,477 | +18.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,324 | €25,324 | = | 0.0% |
| Distributable reserves | 133 | €569,397 | €676,874 | +€107,477 | +18.9% |
| Profit (loss) carried forward | 14 | €407,455 | €407,455 | = | 0.0% |
| Amounts payable | 17/49 | €17,777 | €4,168 | -€13,609 | -76.6% |
| Amounts payable within one year | 42/48 | €17,777 | €4,168 | -€13,609 | -76.6% |
| Trade debts | 44 | €5,105 | €4,168 | -€937 | -18.4% |
| Suppliers | 440/4 | €5,105 | €4,168 | -€937 | -18.4% |
| Taxes, remuneration and social security | 45 | €12,672 | - | -€12,672 | |
| Remuneration and social security | 454/9 | €12,672 | - | -€12,672 | |
| Remuneration, social security and pensions | 62 | €175,996 | €172,445 | -€3,551 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,388 | €36,582 | +€1,194 | +3.4% |
| Other operating charges | 640/8 | €3,696 | €5,095 | +€1,399 | +37.9% |
| Gross operating margin | 9900 | €328,239 | €358,379 | +€30,140 | +9.2% |
| Operating profit (loss) | 9901 | €113,159 | €144,257 | +€31,097 | +27.5% |
| Financial income | 75/76B | - | €1,136 | +€1,136 | |
| Recurring financial income | 75 | - | €1,136 | +€1,136 | |
| Financial charges | 65/66B | €180 | €293 | +€113 | +62.8% |
| Recurring financial charges | 65 | €180 | €293 | +€113 | +62.8% |
| Profit (loss) for the period before taxes | 9903 | €112,980 | €145,100 | +€32,120 | +28.4% |
| Income taxes | 67/77 | €36,795 | €37,623 | +€828 | +2.2% |
| Profit (loss) for the period | 9904 | €76,184 | €107,477 | +€31,293 | +41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €76,184 | €107,477 | +€31,293 | +41.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.