NG: 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.
NG
Largest movements
- Cash +€6,290
up €6,290 (+10.5%), from €60,162 to €66,452
mainly Net result for the year (+€27,773) and Trade debts (+€7,300)
- Stocks and contracts +€2,854
up €2,854 (+49.3%), from €5,784 to €8,638
- Profit (loss) carried forward +€27,773
up €27,773 (+91.1%), from €30,478 to €58,251
- Other debts -€22,384
no longer reported in 2025 (was €22,384)
- Trade debts +€7,300
up €7,300 (+67.9%), from €10,753 to €18,053
- Tax, wage and social debts -€3,451
down €3,451 (-15.1%), from €22,812 to €19,361
of which Taxes: -€3,751
- Gross operating margin +€2,335
up €2,335 (+6.4%), from €36,762 to €39,097
- Taxes +€1,102
up €1,102 (+11.3%), from €9,751 to €10,854
- Financial income +€711
up €711 (+51.7%), from €1,376 to €2,087
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 | €101,677 | €110,915 | +€9,238 | +9.1% |
| Fixed assets | 21/28 | €3,789 | €3,098 | -€690 | -18.2% |
| Tangible fixed assets | 22/27 | €1,477 | €771 | -€706 | -47.8% |
| Other tangible fixed assets | 26 | €1,477 | €771 | -€706 | -47.8% |
| Financial fixed assets | 28 | €2,312 | €2,327 | +€16 | +0.7% |
| Current assets | 29/58 | €97,889 | €107,817 | +€9,928 | +10.1% |
| Stocks and contracts in progress | 3 | €5,784 | €8,638 | +€2,854 | +49.3% |
| Stocks | 30/36 | €5,784 | €8,638 | +€2,854 | +49.3% |
| Amounts receivable within one year | 40/41 | €31,837 | €32,631 | +€793 | +2.5% |
| Trade receivables | 40 | €1,226 | €25 | -€1,201 | -98.0% |
| Other amounts receivable | 41 | €30,612 | €32,606 | +€1,994 | +6.5% |
| Cash at bank and in hand | 54/58 | €60,162 | €66,452 | +€6,290 | +10.5% |
| Deferred charges and accrued income | 490/1 | €106 | €96 | -€9 | -9.0% |
| Total equity and liabilities | 10/49 | €101,677 | €110,915 | +€9,238 | +9.1% |
| Equity | 10/15 | €45,728 | €73,501 | +€27,773 | +60.7% |
| Contributions | 10/11 | €13,350 | €13,350 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,478 | €58,251 | +€27,773 | +91.1% |
| Amounts payable | 17/49 | €55,949 | €37,414 | -€18,535 | -33.1% |
| Amounts payable within one year | 42/48 | €55,949 | €37,414 | -€18,535 | -33.1% |
| Trade debts | 44 | €10,753 | €18,053 | +€7,300 | +67.9% |
| Suppliers | 440/4 | €10,753 | €18,053 | +€7,300 | +67.9% |
| Taxes, remuneration and social security | 45 | €22,812 | €19,361 | -€3,451 | -15.1% |
| Taxes | 450/3 | €19,612 | €15,861 | -€3,751 | -19.1% |
| Remuneration and social security | 454/9 | €3,200 | €3,500 | +€300 | +9.4% |
| Other amounts payable | 47/48 | €22,384 | - | -€22,384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,000 | €706 | -€294 | -29.4% |
| Other operating charges | 640/8 | €614 | €636 | +€21 | +3.5% |
| Gross operating margin | 9900 | €36,762 | €39,097 | +€2,335 | +6.4% |
| Operating profit (loss) | 9901 | €35,148 | €37,755 | +€2,607 | +7.4% |
| Financial income | 75/76B | €1,376 | €2,087 | +€711 | +51.7% |
| Recurring financial income | 75 | €1,376 | €2,087 | +€711 | +51.7% |
| Financial charges | 65/66B | €1,129 | €1,216 | +€87 | +7.7% |
| Recurring financial charges | 65 | €1,129 | €1,216 | +€87 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €35,395 | €38,627 | +€3,232 | +9.1% |
| Income taxes | 67/77 | €9,751 | €10,854 | +€1,102 | +11.3% |
| Profit (loss) for the period | 9904 | €25,644 | €27,773 | +€2,129 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,644 | €27,773 | +€2,129 | +8.3% |
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 5 October 2026 via checked.be.