NG HEATING: 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 HEATING
Largest movements
- Stocks and contracts -€277,315
no longer reported in 2025 (was €277,315)
- Receivables within one year +€186,516
up €186,516 (+87.5%), from €213,147 to €399,663
of which Other amounts receivable: +€95,364
- Cash -€13,925
down €13,925 (-14.0%), from €99,247 to €85,322
mainly Receivables within one year (-€186,516) and Other debts (-€144,890)
- Other debts -€144,890
down €144,890 (-77.5%), from €186,914 to €42,024
- Trade debts +€90,911
up €90,911 (+359%), from €25,345 to €116,255
- Reserves -€43,095
down €43,095 (-12.3%), from €349,221 to €306,126
- Tax, wage and social debts -€8,919
down €8,919 (-48.7%), from €18,333 to €9,413
- Gross operating margin -€92,908
down €92,908, from €61,788 to -€31,120
- Taxes -€24,867
down €24,867 (-97.0%), from €25,623 to €756
- Financial charges -€9,653
down €9,653 (-55.7%), from €17,344 to €7,692
- Financial income -€2,597
down €2,597 (-73.1%), from €3,552 to €955
- Other operating charges +€1,152
up €1,152 (+84.3%), from €1,366 to €2,518
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 | €600,263 | €492,368 | -€107,894 | -18.0% |
| Fixed assets | 21/28 | €3,809 | €1,844 | -€1,964 | -51.6% |
| Tangible fixed assets | 22/27 | €3,809 | €1,844 | -€1,964 | -51.6% |
| Plant, machinery and equipment | 23 | €320 | €0 | -€320 | -100% |
| Furniture and vehicles | 24 | €3,489 | €1,844 | -€1,644 | -47.1% |
| Current assets | 29/58 | €596,454 | €490,524 | -€105,930 | -17.8% |
| Stocks and contracts in progress | 3 | €277,315 | - | -€277,315 | |
| Stocks | 30/36 | €277,315 | - | -€277,315 | |
| Amounts receivable within one year | 40/41 | €213,147 | €399,663 | +€186,516 | +87.5% |
| Trade receivables | 40 | €28,442 | €119,594 | +€91,152 | +320% |
| Other amounts receivable | 41 | €184,705 | €280,069 | +€95,364 | +51.6% |
| Cash at bank and in hand | 54/58 | €99,247 | €85,322 | -€13,925 | -14.0% |
| Deferred charges and accrued income | 490/1 | €6,744 | €5,539 | -€1,205 | -17.9% |
| Total equity and liabilities | 10/49 | €600,263 | €492,368 | -€107,894 | -18.0% |
| Equity | 10/15 | €367,771 | €324,676 | -€43,095 | -11.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €349,221 | €306,126 | -€43,095 | -12.3% |
| Distributable reserves | 133 | €349,221 | €306,126 | -€43,095 | -12.3% |
| Amounts payable | 17/49 | €232,492 | €167,693 | -€64,799 | -27.9% |
| Amounts payable within one year | 42/48 | €230,592 | €167,693 | -€62,899 | -27.3% |
| Trade debts | 44 | €25,345 | €116,255 | +€90,911 | +359% |
| Suppliers | 440/4 | €25,345 | €116,255 | +€90,911 | +359% |
| Taxes, remuneration and social security | 45 | €18,333 | €9,413 | -€8,919 | -48.7% |
| Taxes | 450/3 | €18,333 | €9,413 | -€8,919 | -48.7% |
| Other amounts payable | 47/48 | €186,914 | €42,024 | -€144,890 | -77.5% |
| Accrued charges and deferred income | 492/3 | €1,900 | - | -€1,900 | |
| Non-recurring operating income | 76A | €62,507 | - | -€62,507 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,658 | €1,964 | +€306 | +18.5% |
| Other operating charges | 640/8 | €1,366 | €2,518 | +€1,152 | +84.3% |
| Gross operating margin | 9900 | €61,788 | -€31,120 | -€92,908 | |
| Operating profit (loss) | 9901 | €58,764 | -€35,603 | -€94,366 | |
| Financial income | 75/76B | €3,552 | €955 | -€2,597 | -73.1% |
| Recurring financial income | 75 | €3,552 | €955 | -€2,597 | -73.1% |
| Financial charges | 65/66B | €17,344 | €7,692 | -€9,653 | -55.7% |
| Recurring financial charges | 65 | €17,344 | €7,692 | -€9,653 | -55.7% |
| Profit (loss) for the period before taxes | 9903 | €44,971 | -€42,339 | -€87,310 | |
| Income taxes | 67/77 | €25,623 | €756 | -€24,867 | -97.0% |
| Profit (loss) for the period | 9904 | €19,348 | -€43,095 | -€62,444 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,348 | -€43,095 | -€62,444 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.