NG IMMO: 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 IMMO
Largest movements
- Tangible fixed assets +€6,518
up €6,518 (+6.2%), from €104,326 to €110,844
of which Furniture and vehicles: +€7,011
- Cash -€1,616
down €1,616 (-76.9%), from €2,101 to €485
mainly Investment in fixed assets (net) (-€16,754) and Current portion of long-term debt (-€13,657)
- Other debts +€18,018
up €18,018 (+28.6%), from €63,022 to €81,040
- Current portion of long-term debt -€13,657
no longer reported in 2025 (was €13,657)
- Reserves +€2,705
up €2,705 (+12.7%), from €21,384 to €24,089
of which Distributable reserves: +€2,705
- Tax, wage and social debts -€2,165
no longer reported in 2025 (was €2,165)
- Depreciation +€2,949
up €2,949 (+40.5%), from €7,288 to €10,236
- Other operating charges -€1,920
down €1,920 (-65.5%), from €2,930 to €1,010
- Purchases and services +€1,094
new in 2025: €1,094
- Financial income +€923
new in 2025: €923
- Gross operating margin -€688
down €688 (-3.9%), from €17,794 to €17,106
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 | €106,428 | €111,329 | +€4,901 | +4.6% |
| Fixed assets | 21/28 | €104,326 | €110,844 | +€6,518 | +6.2% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €104,326 | €110,844 | +€6,518 | +6.2% |
| Land and buildings | 22 | €104,326 | €103,833 | -€493 | -0.5% |
| Furniture and vehicles | 24 | - | €7,011 | +€7,011 | |
| Current assets | 29/58 | €2,101 | €485 | -€1,616 | -76.9% |
| Cash at bank and in hand | 54/58 | €2,101 | €485 | -€1,616 | -76.9% |
| Total equity and liabilities | 10/49 | €106,428 | €111,329 | +€4,901 | +4.6% |
| Equity | 10/15 | €27,584 | €30,289 | +€2,705 | +9.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,384 | €24,089 | +€2,705 | +12.7% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €21,334 | €24,039 | +€2,705 | +12.7% |
| Amounts payable | 17/49 | €78,844 | €81,040 | +€2,196 | +2.8% |
| Amounts payable within one year | 42/48 | €78,844 | €81,040 | +€2,196 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €13,657 | - | -€13,657 | |
| Taxes, remuneration and social security | 45 | €2,165 | - | -€2,165 | |
| Taxes | 450/3 | €2,165 | - | -€2,165 | |
| Other amounts payable | 47/48 | €63,022 | €81,040 | +€18,018 | +28.6% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,094 | +€1,094 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,288 | €10,236 | +€2,949 | +40.5% |
| Other operating charges | 640/8 | €2,930 | €1,010 | -€1,920 | -65.5% |
| Gross operating margin | 9900 | €17,794 | €17,106 | -€688 | -3.9% |
| Operating profit (loss) | 9901 | €7,576 | €5,860 | -€1,716 | -22.7% |
| Financial income | 75/76B | - | €923 | +€923 | |
| Recurring financial income | 75 | - | €923 | +€923 | |
| Financial charges | 65/66B | €1,184 | €1,435 | +€251 | +21.2% |
| Recurring financial charges | 65 | €1,184 | €1,435 | +€251 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €6,392 | €5,348 | -€1,044 | -16.3% |
| Income taxes | 67/77 | €2,165 | €2,643 | +€478 | +22.1% |
| Profit (loss) for the period | 9904 | €4,228 | €2,705 | -€1,522 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,228 | €2,705 | -€1,522 | -36.0% |
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 2 October 2026 via checked.be.