NG Product: 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 Product
Largest movements
- Tangible fixed assets -€8,074
down €8,074 (-4.9%), from €165,755 to €157,681
of which Land and buildings: -€8,074
- Receivables within one year +€6,096
up €6,096 (+105%), from €5,815 to €11,910
of which Trade receivables: +€6,096
- Deferred charges and accrued income -€2,940
down €2,940 (-21.0%), from €14,003 to €11,063
- Cash -€2,288
down €2,288 (-99.3%), from €2,304 to €16
mainly Other debts (-€25,776) and Debts after one year (-€7,091)
- Other debts -€25,776
down €25,776 (-42.5%), from €60,661 to €34,884
- Profit (loss) carried forward +€18,962
up €18,962, from -€6 to €18,956
- Debts after one year -€7,091
down €7,091 (-4.8%), from €146,890 to €139,799
- Trade debts +€5,381
up €5,381 (+529%), from €1,017 to €6,398
- Gross operating margin +€18,510
up €18,510 (+168%), from €11,020 to €29,530
- Depreciation -€1,432
down €1,432 (-35.5%), from €4,035 to €2,603
- Taxes +€911
up €911 (+728%), from €125 to €1,036
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 | €227,380 | €220,172 | -€7,208 | -3.2% |
| Fixed assets | 21/28 | €165,755 | €157,681 | -€8,074 | -4.9% |
| Tangible fixed assets | 22/27 | €165,755 | €157,681 | -€8,074 | -4.9% |
| Land and buildings | 22 | €165,755 | €157,681 | -€8,074 | -4.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €61,625 | €62,492 | +€867 | +1.4% |
| Stocks and contracts in progress | 3 | €39,503 | €39,503 | = | 0.0% |
| Stocks | 30/36 | €39,503 | €39,503 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,815 | €11,910 | +€6,096 | +105% |
| Trade receivables | 40 | €5,815 | €11,910 | +€6,096 | +105% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,304 | €16 | -€2,288 | -99.3% |
| Deferred charges and accrued income | 490/1 | €14,003 | €11,063 | -€2,940 | -21.0% |
| Total equity and liabilities | 10/49 | €227,380 | €220,172 | -€7,208 | -3.2% |
| Equity | 10/15 | €8,454 | €27,416 | +€18,962 | +224% |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6 | €18,956 | +€18,962 | |
| Amounts payable | 17/49 | €218,926 | €192,756 | -€26,170 | -12.0% |
| Amounts payable after more than one year | 17 | €146,890 | €139,799 | -€7,091 | -4.8% |
| Financial debts | 170/4 | €146,890 | €139,799 | -€7,091 | -4.8% |
| Amounts payable within one year | 42/48 | €72,036 | €52,667 | -€19,370 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €7,794 | €7,091 | -€703 | -9.0% |
| Financial debts | 43 | - | €1,214 | +€1,214 | |
| Credit institutions | 430/8 | - | €1,214 | +€1,214 | |
| Trade debts | 44 | €1,017 | €6,398 | +€5,381 | +529% |
| Suppliers | 440/4 | €1,017 | €6,398 | +€5,381 | +529% |
| Taxes, remuneration and social security | 45 | €2,565 | €3,079 | +€514 | +20.0% |
| Taxes | 450/3 | €2,565 | €3,079 | +€514 | +20.0% |
| Other amounts payable | 47/48 | €60,661 | €34,884 | -€25,776 | -42.5% |
| Accrued charges and deferred income | 492/3 | €0 | €291 | +€291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,035 | €2,603 | -€1,432 | -35.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€189 | -€189 | |
| Other operating charges | 640/8 | €1,059 | €1,203 | +€143 | +13.5% |
| Gross operating margin | 9900 | €11,020 | €29,530 | +€18,510 | +168% |
| Operating profit (loss) | 9901 | €5,926 | €25,913 | +€19,987 | +337% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,685 | €5,915 | +€230 | +4.0% |
| Recurring financial charges | 65 | €5,685 | €5,915 | +€230 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €240 | €19,998 | +€19,758 | +8,216% |
| Income taxes | 67/77 | €125 | €1,036 | +€911 | +728% |
| Profit (loss) for the period | 9904 | €115 | €18,962 | +€18,847 | +16,337% |
| Profit (loss) for the period to be appropriated | 9905 | €115 | €18,962 | +€18,847 | +16,337% |
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 17 October 2026 via checked.be.