NG CONSTRUCT: 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 CONSTRUCT
Largest movements
- Receivables within one year +€15,267
up €15,267 (+285.4%), from €5,350 to €20,616
of which Trade receivables: +€12,487
- Deferred charges and accrued income -€4,776
down €4,776 (-93.7%), from €5,098 to €323
- Stocks and contracts -€3,985
down €3,985 (-87.6%), from €4,550 to €565
- Cash -€929
down €929 (-41.9%), from €2,218 to €1,289
mainly Receivables within one year (-€15,267) and Other debts (-€8,518)
- Profit (loss) carried forward +€11,234
up €11,234 (+27.8%), from -€40,475 to -€29,242
- Other debts -€8,518
down €8,518 (-94.0%), from €9,065 to €546
- Tax, wage and social debts +€6,258
up €6,258 (+186.7%), from €3,353 to €9,611
of which Taxes: +€5,098
- Trade debts -€3,377
down €3,377 (-20.8%), from €16,247 to €12,870
- Gross operating margin +€34,333
up €34,333 (+162.4%), from €21,144 to €55,477
- Staff costs +€12,162
up €12,162 (+75.2%), from €16,183 to €28,346
- Taxes +€5,194
new in 2025: €5,194
- Other operating charges +€2,410
up €2,410 (+34.0%), from €7,091 to €9,501
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 | €20,449 | €26,031 | +€5,582 | +27.3% |
| Fixed assets | 21/28 | €3,233 | €3,239 | +€6 | +0.2% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €3,233 | €3,239 | +€6 | +0.2% |
| Current assets | 29/58 | €17,216 | €22,792 | +€5,576 | +32.4% |
| Stocks and contracts in progress | 3 | €4,550 | €565 | -€3,985 | -87.6% |
| Stocks | 30/36 | €4,550 | €565 | -€3,985 | -87.6% |
| Amounts receivable within one year | 40/41 | €5,350 | €20,616 | +€15,267 | +285.4% |
| Trade receivables | 40 | €1,387 | €13,874 | +€12,487 | +900.0% |
| Other amounts receivable | 41 | €3,962 | €6,742 | +€2,780 | +70.2% |
| Cash at bank and in hand | 54/58 | €2,218 | €1,289 | -€929 | -41.9% |
| Deferred charges and accrued income | 490/1 | €5,098 | €323 | -€4,776 | -93.7% |
| Total equity and liabilities | 10/49 | €20,449 | €26,031 | +€5,582 | +27.3% |
| Equity | 10/15 | -€13,206 | -€1,973 | +€11,234 | +85.1% |
| Contributions | 10/11 | €24,790 | €24,790 | = | 0.0% |
| Reserves | 13 | €2,479 | €2,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,475 | -€29,242 | +€11,234 | +27.8% |
| Amounts payable | 17/49 | €33,655 | €28,003 | -€5,652 | -16.8% |
| Amounts payable within one year | 42/48 | €33,655 | €28,003 | -€5,652 | -16.8% |
| Financial debts | 43 | €4,991 | €4,976 | -€14 | -0.3% |
| Credit institutions | 430/8 | €4,991 | €4,976 | -€14 | -0.3% |
| Trade debts | 44 | €16,247 | €12,870 | -€3,377 | -20.8% |
| Suppliers | 440/4 | €16,247 | €12,870 | -€3,377 | -20.8% |
| Taxes, remuneration and social security | 45 | €3,353 | €9,611 | +€6,258 | +186.7% |
| Taxes | 450/3 | €94 | €5,192 | +€5,098 | +5447.5% |
| Remuneration and social security | 454/9 | €3,259 | €4,419 | +€1,160 | +35.6% |
| Other amounts payable | 47/48 | €9,065 | €546 | -€8,518 | -94.0% |
| Remuneration, social security and pensions | 62 | €16,183 | €28,346 | +€12,162 | +75.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113 | €0 | -€113 | -100.0% |
| Other operating charges | 640/8 | €7,091 | €9,501 | +€2,410 | +34.0% |
| Gross operating margin | 9900 | €21,144 | €55,477 | +€34,333 | +162.4% |
| Operating profit (loss) | 9901 | -€2,243 | €17,630 | +€19,873 | |
| Financial income | 75/76B | €172 | €26 | -€146 | -85.0% |
| Recurring financial income | 75 | €172 | €26 | -€146 | -85.0% |
| Financial charges | 65/66B | €1,359 | €1,229 | -€130 | -9.6% |
| Recurring financial charges | 65 | €1,359 | €1,229 | -€130 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,430 | €16,427 | +€19,857 | |
| Income taxes | 67/77 | - | €5,194 | +€5,194 | |
| Profit (loss) for the period | 9904 | -€3,430 | €11,234 | +€14,663 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,430 | €11,234 | +€14,663 |
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 7 October 2026 via checked.be.