NG INFRA: 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 INFRA
Largest movements
- Receivables within one year +€174,257
up €174,257 (+211.4%), from €82,425 to €256,682
of which Trade receivables: +€92,008
- Cash +€131,760
up €131,760 (+44.4%), from €296,996 to €428,756
mainly Net result for the year (+€286,305) and Tax, wage and social debts (+€16,819)
- Profit (loss) carried forward +€286,305
up €286,305 (+93.0%), from €307,936 to €594,241
- Tax, wage and social debts +€16,819
up €16,819 (+29.0%), from €57,946 to €74,765
of which Taxes: +€16,819
- Gross operating margin +€45,901
up €45,901 (+13.6%), from €336,587 to €382,488
- Taxes +€13,628
up €13,628 (+16.9%), from €80,835 to €94,463
- Financial income +€8,648
up €8,648 (+738.0%), from €1,172 to €9,819
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 | €406,655 | €712,663 | +€306,007 | +75.2% |
| Fixed assets | 21/28 | €15,844 | €8,864 | -€6,980 | -44.1% |
| Tangible fixed assets | 22/27 | €11,567 | €4,477 | -€7,090 | -61.3% |
| Plant, machinery and equipment | 23 | €2,192 | €1,680 | -€511 | -23.3% |
| Furniture and vehicles | 24 | €9,376 | €2,797 | -€6,579 | -70.2% |
| Financial fixed assets | 28 | €4,276 | €4,387 | +€110 | +2.6% |
| Current assets | 29/58 | €390,811 | €703,799 | +€312,987 | +80.1% |
| Amounts receivable within one year | 40/41 | €82,425 | €256,682 | +€174,257 | +211.4% |
| Trade receivables | 40 | €82,333 | €174,341 | +€92,008 | +111.8% |
| Other amounts receivable | 41 | €92 | €82,341 | +€82,249 | +89830.8% |
| Cash at bank and in hand | 54/58 | €296,996 | €428,756 | +€131,760 | +44.4% |
| Deferred charges and accrued income | 490/1 | €11,391 | €18,361 | +€6,970 | +61.2% |
| Total equity and liabilities | 10/49 | €406,655 | €712,663 | +€306,007 | +75.2% |
| Equity | 10/15 | €327,936 | €614,241 | +€286,305 | +87.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €307,936 | €594,241 | +€286,305 | +93.0% |
| Amounts payable | 17/49 | €78,719 | €98,422 | +€19,703 | +25.0% |
| Amounts payable within one year | 42/48 | €78,719 | €98,422 | +€19,703 | +25.0% |
| Trade debts | 44 | €20,773 | €23,656 | +€2,884 | +13.9% |
| Suppliers | 440/4 | €20,773 | €23,656 | +€2,884 | +13.9% |
| Taxes, remuneration and social security | 45 | €57,946 | €74,765 | +€16,819 | +29.0% |
| Taxes | 450/3 | €57,610 | €74,429 | +€16,819 | +29.2% |
| Remuneration and social security | 454/9 | €336 | €336 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,119 | €400 | -€720 | -64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,944 | €7,090 | +€147 | +2.1% |
| Other operating charges | 640/8 | - | €311 | +€311 | |
| Gross operating margin | 9900 | €336,587 | €382,488 | +€45,901 | +13.6% |
| Operating profit (loss) | 9901 | €328,524 | €374,687 | +€46,162 | +14.1% |
| Financial income | 75/76B | €1,172 | €9,819 | +€8,648 | +738.0% |
| Recurring financial income | 75 | €1,172 | €9,819 | +€8,648 | +738.0% |
| Financial charges | 65/66B | €3,784 | €3,738 | -€46 | -1.2% |
| Recurring financial charges | 65 | €3,784 | €3,738 | -€46 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €325,912 | €380,768 | +€54,856 | +16.8% |
| Income taxes | 67/77 | €80,835 | €94,463 | +€13,628 | +16.9% |
| Profit (loss) for the period | 9904 | €245,077 | €286,305 | +€41,228 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €245,077 | €286,305 | +€41,228 | +16.8% |
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.