NG Development: 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 Development
Largest movements
- Receivables within one year -€24,786
down €24,786 (-20.8%), from €119,013 to €94,227
of which Trade receivables: -€17,118
- Tangible fixed assets +€8,092
up €8,092 (+18.1%), from €44,814 to €52,906
of which Other tangible fixed assets: +€10,419
- Cash -€5,837
down €5,837 (-35.9%), from €16,252 to €10,415
mainly Contributions, distributions and other (-€111,299) and Investment in fixed assets (net) (-€15,932)
- Profit (loss) carried forward -€122,926
no longer reported in 2025 (was €122,926)
- Other debts +€94,293
up €94,293 (+1079.7%), from €8,733 to €103,026
- Tax, wage and social debts +€6,160
up €6,160 (+33.1%), from €18,597 to €24,757
- Trade debts -€2,320
down €2,320 (-71.0%), from €3,268 to €948
- Provisions +€2,200
up €2,200 (+9.2%), from €23,800 to €26,000
- Gross operating margin -€27,693
down €27,693 (-57.1%), from €48,470 to €20,777
- Financial charges +€23,376
up €23,376 (+47753.9%), from €49 to €23,424
- Provisions -€21,600
down €21,600 (-90.8%), from €23,800 to €2,200
- Taxes -€10,185
down €10,185 (-98.0%), from €10,390 to €204
- Depreciation +€2,013
up €2,013 (+34.6%), from €5,827 to €7,841
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 | €180,325 | €157,731 | -€22,594 | -12.5% |
| Fixed assets | 21/28 | €44,814 | €52,906 | +€8,092 | +18.1% |
| Tangible fixed assets | 22/27 | €44,814 | €52,906 | +€8,092 | +18.1% |
| Furniture and vehicles | 24 | €6,189 | €3,862 | -€2,327 | -37.6% |
| Other tangible fixed assets | 26 | €38,625 | €49,044 | +€10,419 | +27.0% |
| Current assets | 29/58 | €135,510 | €104,825 | -€30,686 | -22.6% |
| Amounts receivable within one year | 40/41 | €119,013 | €94,227 | -€24,786 | -20.8% |
| Trade receivables | 40 | €30,083 | €12,965 | -€17,118 | -56.9% |
| Other amounts receivable | 41 | €88,930 | €81,262 | -€7,668 | -8.6% |
| Cash at bank and in hand | 54/58 | €16,252 | €10,415 | -€5,837 | -35.9% |
| Deferred charges and accrued income | 490/1 | €245 | €183 | -€62 | -25.4% |
| Total equity and liabilities | 10/49 | €180,325 | €157,731 | -€22,594 | -12.5% |
| Equity | 10/15 | €125,926 | €3,000 | -€122,926 | -97.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,926 | - | -€122,926 | |
| Provisions and deferred taxes | 16 | €23,800 | €26,000 | +€2,200 | +9.2% |
| Provisions for liabilities and charges | 160/5 | €23,800 | €26,000 | +€2,200 | +9.2% |
| Other liabilities and charges | 164/5 | €23,800 | €26,000 | +€2,200 | +9.2% |
| Amounts payable | 17/49 | €30,598 | €128,731 | +€98,132 | +320.7% |
| Amounts payable within one year | 42/48 | €30,598 | €128,731 | +€98,132 | +320.7% |
| Trade debts | 44 | €3,268 | €948 | -€2,320 | -71.0% |
| Suppliers | 440/4 | €3,268 | €948 | -€2,320 | -71.0% |
| Taxes, remuneration and social security | 45 | €18,597 | €24,757 | +€6,160 | +33.1% |
| Taxes | 450/3 | €18,597 | €24,757 | +€6,160 | +33.1% |
| Other amounts payable | 47/48 | €8,733 | €103,026 | +€94,293 | +1079.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,827 | €7,841 | +€2,013 | +34.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €23,800 | €2,200 | -€21,600 | -90.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €48,470 | €20,777 | -€27,693 | -57.1% |
| Operating profit (loss) | 9901 | €18,456 | €10,336 | -€8,119 | -44.0% |
| Financial income | 75/76B | €943 | €1,665 | +€722 | +76.6% |
| Recurring financial income | 75 | €943 | €1,665 | +€722 | +76.6% |
| Financial charges | 65/66B | €49 | €23,424 | +€23,376 | +47753.9% |
| Recurring financial charges | 65 | €49 | €23,424 | +€23,376 | +47753.9% |
| Profit (loss) for the period before taxes | 9903 | €19,350 | -€11,423 | -€30,773 | |
| Income taxes | 67/77 | €10,390 | €204 | -€10,185 | -98.0% |
| Profit (loss) for the period | 9904 | €8,960 | -€11,627 | -€20,587 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,960 | -€11,627 | -€20,587 |
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 10 October 2026 via checked.be.