NG HOLDING: 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 HOLDING
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+9488.4%), from €10,540 to €1.0m
- Receivables within one year +€23,627
up €23,627 (+168.8%), from €14,000 to €37,627
of which Trade receivables: +€21,000
- Debts after one year +€1.0m
new in 2025: €1.0m
of which Financial debts: +€822,909
- Current portion of long-term debt +€35,114
new in 2025: €35,114
- Other debts -€18,429
no longer reported in 2025 (was €18,429)
- Gross operating margin +€31,986
up €31,986 (+1156.6%), from €2,765 to €34,752
- Financial charges +€19,301
up €19,301 (+11210.0%), from €172 to €19,474
- Depreciation +€12,255
up €12,255 (+4579.2%), from €268 to €12,522
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 | €29,306 | €1,060,481 | +€1.0m | +3518.6% |
| Fixed assets | 21/28 | €10,540 | €1,010,655 | +€1.0m | +9488.4% |
| Tangible fixed assets | 22/27 | €10,540 | €1,010,655 | +€1.0m | +9488.4% |
| Land and buildings | 22 | €10,540 | €1,010,655 | +€1.0m | +9488.4% |
| Current assets | 29/58 | €18,766 | €49,826 | +€31,060 | +165.5% |
| Amounts receivable within one year | 40/41 | €14,000 | €37,627 | +€23,627 | +168.8% |
| Trade receivables | 40 | €14,000 | €35,000 | +€21,000 | +150.0% |
| Other amounts receivable | 41 | - | €2,627 | +€2,627 | |
| Current investments | 50/53 | €3,210 | €3,210 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,555 | €8,988 | +€7,433 | +478.0% |
| Total equity and liabilities | 10/49 | €29,306 | €1,060,481 | +€1.0m | +3518.6% |
| Equity | 10/15 | €10,078 | €12,811 | +€2,733 | +27.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78 | €2,811 | +€2,733 | +3497.9% |
| Amounts payable | 17/49 | €19,228 | €1,047,670 | +€1.0m | +5348.7% |
| Amounts payable after more than one year | 17 | - | €1,012,557 | +€1.0m | |
| Financial debts | 170/4 | - | €822,909 | +€822,909 | |
| Other amounts payable | 178/9 | - | €189,648 | +€189,648 | |
| Amounts payable within one year | 42/48 | €19,228 | €35,114 | +€15,886 | +82.6% |
| Current portion of amounts payable after more than one year | 42 | - | €35,114 | +€35,114 | |
| Trade debts | 44 | €799 | - | -€799 | |
| Suppliers | 440/4 | €799 | - | -€799 | |
| Other amounts payable | 47/48 | €18,429 | - | -€18,429 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €268 | €12,522 | +€12,255 | +4579.2% |
| Gross operating margin | 9900 | €2,765 | €34,752 | +€31,986 | +1156.6% |
| Operating profit (loss) | 9901 | €2,498 | €22,229 | +€19,732 | +789.9% |
| Financial charges | 65/66B | €172 | €19,474 | +€19,301 | +11210.0% |
| Recurring financial charges | 65 | €172 | €19,474 | +€19,301 | +11210.0% |
| Profit (loss) for the period before taxes | 9903 | €2,326 | €2,756 | +€430 | +18.5% |
| Income taxes | 67/77 | - | €23 | +€23 | |
| Profit (loss) for the period | 9904 | €2,326 | €2,733 | +€407 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,326 | €2,733 | +€407 | +17.5% |
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.