NG Algemene Werken: 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.
NG Algemene Werken
Largest movements
- Tangible fixed assets -€6,314
down €6,314 (-36.5%), from €17,281 to €10,967
of which Furniture and vehicles: -€7,500
- Receivables within one year +€6,219
up €6,219 (+172%), from €3,622 to €9,841
of which Trade receivables: +€6,686
- Cash +€6,164
up €6,164 (+48.9%), from €12,594 to €18,758
mainly Depreciation (+€7,664) and Trade debts (+€5,913)
- Reserves +€8,783
new in 2025: €8,783
- Profit (loss) carried forward -€6,739
no longer reported in 2025 (was €6,739)
- Trade debts +€5,913
up €5,913 (+894%), from €662 to €6,575
- Debts after one year -€4,793
down €4,793 (-32.0%), from €14,961 to €10,168
- Tax, wage and social debts +€2,746
up €2,746 (+69.3%), from €3,965 to €6,711
of which Remuneration and social security: +€2,050
- Gross operating margin -€6,811
down €6,811 (-36.5%), from €18,681 to €11,870
- Staff costs -€1,176
no longer reported in 2025 (was €1,176)
- Taxes -€717
down €717 (-43.1%), from €1,664 to €947
- Other operating charges -€254
down €254 (-47.6%), from €533 to €279
- Financial charges -€218
down €218 (-18.9%), from €1,154 to €936
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.
Derived cash bridge
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 | €33,498 | €39,566 | +€6,068 | +18.1% |
| Fixed assets | 21/28 | €17,281 | €10,967 | -€6,314 | -36.5% |
| Tangible fixed assets | 22/27 | €17,281 | €10,967 | -€6,314 | -36.5% |
| Plant, machinery and equipment | 23 | - | €1,186 | +€1,186 | |
| Furniture and vehicles | 24 | €17,281 | €9,781 | -€7,500 | -43.4% |
| Current assets | 29/58 | €16,217 | €28,599 | +€12,383 | +76.4% |
| Amounts receivable within one year | 40/41 | €3,622 | €9,841 | +€6,219 | +172% |
| Trade receivables | 40 | €2,914 | €9,600 | +€6,686 | +229% |
| Other amounts receivable | 41 | €708 | €242 | -€467 | -65.9% |
| Cash at bank and in hand | 54/58 | €12,594 | €18,758 | +€6,164 | +48.9% |
| Total equity and liabilities | 10/49 | €33,498 | €39,566 | +€6,068 | +18.1% |
| Equity | 10/15 | €9,239 | €11,283 | +€2,044 | +22.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €8,783 | +€8,783 | |
| Distributable reserves | 133 | - | €8,783 | +€8,783 | |
| Profit (loss) carried forward | 14 | €6,739 | - | -€6,739 | |
| Amounts payable | 17/49 | €24,259 | €28,283 | +€4,025 | +16.6% |
| Amounts payable after more than one year | 17 | €14,961 | €10,168 | -€4,793 | -32.0% |
| Financial debts | 170/4 | €14,961 | €10,168 | -€4,793 | -32.0% |
| Amounts payable within one year | 42/48 | €9,298 | €18,115 | +€8,817 | +94.8% |
| Current portion of amounts payable after more than one year | 42 | €4,608 | €4,793 | +€184 | +4.0% |
| Trade debts | 44 | €662 | €6,575 | +€5,913 | +894% |
| Suppliers | 440/4 | €662 | €6,575 | +€5,913 | +894% |
| Taxes, remuneration and social security | 45 | €3,965 | €6,711 | +€2,746 | +69.3% |
| Taxes | 450/3 | €1,915 | €2,611 | +€696 | +36.4% |
| Remuneration and social security | 454/9 | €2,050 | €4,100 | +€2,050 | +100% |
| Other amounts payable | 47/48 | €64 | €37 | -€27 | -42.2% |
| Remuneration, social security and pensions | 62 | €1,176 | - | -€1,176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,500 | €7,664 | +€164 | +2.2% |
| Other operating charges | 640/8 | €533 | €279 | -€254 | -47.6% |
| Gross operating margin | 9900 | €18,681 | €11,870 | -€6,811 | -36.5% |
| Operating profit (loss) | 9901 | €9,472 | €3,927 | -€5,545 | -58.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,154 | €936 | -€218 | -18.9% |
| Recurring financial charges | 65 | €1,154 | €936 | -€218 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €8,319 | €2,991 | -€5,328 | -64.0% |
| Income taxes | 67/77 | €1,664 | €947 | -€717 | -43.1% |
| Profit (loss) for the period | 9904 | €6,655 | €2,044 | -€4,611 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,655 | €2,044 | -€4,611 | -69.3% |
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 29 October 2026 via checked.be.