NG LOGISTICS: 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 LOGISTICS
Largest movements
- Receivables within one year -€52,457
down €52,457 (-64.1%), from €81,882 to €29,425
of which Trade receivables: -€50,924
- Tangible fixed assets -€35,210
down €35,210 (-46.7%), from €75,436 to €40,226
- Deferred charges and accrued income +€3,584
up €3,584 (+54.4%), from €6,590 to €10,175
- Profit (loss) carried forward -€36,154
down €36,154, from €15,887 to -€20,267
- Other debts -€18,190
down €18,190 (-26.2%), from €69,475 to €51,285
- Trade debts -€18,052
down €18,052 (-48.7%), from €37,077 to €19,024
- Debts after one year -€8,285
down €8,285 (-41.3%), from €20,054 to €11,770
- Tax, wage and social debts -€2,343
no longer reported in 2025 (was €2,343)
- Gross operating margin -€32,189
down €32,189 (-82.5%), from €39,003 to €6,814
- Other operating charges -€4,725
down €4,725 (-54.2%), from €8,723 to €3,997
- Staff costs -€3,152
no longer reported in 2025 (was €3,152)
- Taxes +€1,890
new in 2025: €1,890
- Depreciation +€570
up €570 (+2.8%), from €20,144 to €20,714
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 | €173,300 | €90,097 | -€83,203 | -48.0% |
| Fixed assets | 21/28 | €84,745 | €49,535 | -€35,210 | -41.5% |
| Tangible fixed assets | 22/27 | €75,436 | €40,226 | -€35,210 | -46.7% |
| Furniture and vehicles | 24 | €75,436 | €40,226 | -€35,210 | -46.7% |
| Financial fixed assets | 28 | €9,309 | €9,309 | = | 0.0% |
| Current assets | 29/58 | €88,555 | €40,562 | -€47,993 | -54.2% |
| Amounts receivable within one year | 40/41 | €81,882 | €29,425 | -€52,457 | -64.1% |
| Trade receivables | 40 | €75,776 | €24,852 | -€50,924 | -67.2% |
| Other amounts receivable | 41 | €6,106 | €4,573 | -€1,533 | -25.1% |
| Cash at bank and in hand | 54/58 | €82 | €962 | +€880 | +1067.9% |
| Deferred charges and accrued income | 490/1 | €6,590 | €10,175 | +€3,584 | +54.4% |
| Total equity and liabilities | 10/49 | €173,300 | €90,097 | -€83,203 | -48.0% |
| Equity | 10/15 | €35,887 | -€267 | -€36,154 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,887 | -€20,267 | -€36,154 | |
| Amounts payable | 17/49 | €137,413 | €90,364 | -€47,049 | -34.2% |
| Amounts payable after more than one year | 17 | €20,054 | €11,770 | -€8,285 | -41.3% |
| Financial debts | 170/4 | €20,054 | €11,770 | -€8,285 | -41.3% |
| Amounts payable within one year | 42/48 | €117,358 | €78,594 | -€38,765 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €8,463 | €8,285 | -€179 | -2.1% |
| Trade debts | 44 | €37,077 | €19,024 | -€18,052 | -48.7% |
| Suppliers | 440/4 | €37,077 | €19,024 | -€18,052 | -48.7% |
| Taxes, remuneration and social security | 45 | €2,343 | - | -€2,343 | |
| Remuneration and social security | 454/9 | €2,343 | - | -€2,343 | |
| Other amounts payable | 47/48 | €69,475 | €51,285 | -€18,190 | -26.2% |
| Remuneration, social security and pensions | 62 | €3,152 | - | -€3,152 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,144 | €20,714 | +€570 | +2.8% |
| Other operating charges | 640/8 | €8,723 | €3,997 | -€4,725 | -54.2% |
| Non-recurring operating charges | 66A | - | €14,000 | +€14,000 | |
| Gross operating margin | 9900 | €39,003 | €6,814 | -€32,189 | -82.5% |
| Operating profit (loss) | 9901 | €6,984 | -€31,897 | -€38,881 | |
| Financial income | 75/76B | - | €61 | +€61 | |
| Recurring financial income | 75 | - | €61 | +€61 | |
| Financial charges | 65/66B | €2,153 | €2,427 | +€274 | +12.7% |
| Recurring financial charges | 65 | €2,153 | €2,427 | +€274 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €4,831 | -€34,263 | -€39,094 | |
| Income taxes | 67/77 | - | €1,890 | +€1,890 | |
| Profit (loss) for the period | 9904 | €4,831 | -€36,154 | -€40,985 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,831 | -€36,154 | -€40,985 |
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 4 October 2026 via checked.be.