NG²: 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.
NG²
Largest movements
- Receivables within one year +€28,727
up €28,727 (+217.3%), from €13,222 to €41,949
of which Trade receivables: +€27,411
- Cash -€4,800
down €4,800 (-6.9%), from €69,932 to €65,132
mainly Receivables within one year (-€28,727) and Trade debts (-€3,259)
- Tangible fixed assets -€1,449
down €1,449 (-78.7%), from €1,842 to €393
of which Plant, machinery and equipment: -€850
- Reserves +€25,265
up €25,265 (+48.8%), from €51,753 to €77,019
- Trade debts -€3,259
down €3,259 (-61.1%), from €5,334 to €2,075
- Gross operating margin -€5,378
down €5,378 (-11.5%), from €46,940 to €41,562
- Taxes -€1,334
down €1,334 (-10.4%), from €12,807 to €11,473
- Financial charges +€989
up €989 (+75.0%), from €1,319 to €2,308
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 | €88,104 | €109,749 | +€21,645 | +24.6% |
| Fixed assets | 21/28 | €1,842 | €393 | -€1,449 | -78.7% |
| Tangible fixed assets | 22/27 | €1,842 | €393 | -€1,449 | -78.7% |
| Plant, machinery and equipment | 23 | €1,152 | €302 | -€850 | -73.8% |
| Furniture and vehicles | 24 | €690 | €90 | -€600 | -86.9% |
| Current assets | 29/58 | €86,262 | €109,356 | +€23,094 | +26.8% |
| Amounts receivable within one year | 40/41 | €13,222 | €41,949 | +€28,727 | +217.3% |
| Trade receivables | 40 | €12,026 | €39,437 | +€27,411 | +227.9% |
| Other amounts receivable | 41 | €1,196 | €2,512 | +€1,316 | +110.1% |
| Cash at bank and in hand | 54/58 | €69,932 | €65,132 | -€4,800 | -6.9% |
| Deferred charges and accrued income | 490/1 | €3,108 | €2,275 | -€833 | -26.8% |
| Total equity and liabilities | 10/49 | €88,104 | €109,749 | +€21,645 | +24.6% |
| Equity | 10/15 | €68,053 | €93,319 | +€25,265 | +37.1% |
| Contributions | 10/11 | €16,300 | €16,300 | = | 0.0% |
| Reserves | 13 | €51,753 | €77,019 | +€25,265 | +48.8% |
| Distributable reserves | 133 | €51,753 | €77,019 | +€25,265 | +48.8% |
| Amounts payable | 17/49 | €20,051 | €16,430 | -€3,620 | -18.1% |
| Amounts payable within one year | 42/48 | €17,051 | €13,430 | -€3,620 | -21.2% |
| Trade debts | 44 | €5,334 | €2,075 | -€3,259 | -61.1% |
| Suppliers | 440/4 | €5,334 | €2,075 | -€3,259 | -61.1% |
| Taxes, remuneration and social security | 45 | €11,717 | €11,355 | -€362 | -3.1% |
| Taxes | 450/3 | €5,087 | €11,355 | +€6,268 | +123.2% |
| Remuneration and social security | 454/9 | €6,630 | €0 | -€6,630 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €4,597 | +€4,597 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,776 | €1,449 | -€327 | -18.4% |
| Other operating charges | 640/8 | €1,474 | €1,169 | -€305 | -20.7% |
| Gross operating margin | 9900 | €46,940 | €41,562 | -€5,378 | -11.5% |
| Operating profit (loss) | 9901 | €43,689 | €38,943 | -€4,746 | -10.9% |
| Financial income | 75/76B | €47 | €104 | +€56 | +119.9% |
| Recurring financial income | 75 | €47 | €104 | +€56 | +119.9% |
| Financial charges | 65/66B | €1,319 | €2,308 | +€989 | +75.0% |
| Recurring financial charges | 65 | €1,319 | €2,308 | +€989 | +75.0% |
| Profit (loss) for the period before taxes | 9903 | €42,418 | €36,739 | -€5,679 | -13.4% |
| Income taxes | 67/77 | €12,807 | €11,473 | -€1,334 | -10.4% |
| Profit (loss) for the period | 9904 | €29,611 | €25,265 | -€4,345 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,611 | €25,265 | -€4,345 | -14.7% |
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 30 September 2026 via checked.be.