NGA INVEST: what changed
NGA INVEST
Largest movements
- Tangible fixed assets -€1,264
down €1,264 (-18.4%), from €6,871 to €5,607
of which Land and buildings: -€907
- Other debts -€3,620
down €3,620 (-4.5%), from €80,362 to €76,742
- Profit (loss) carried forward +€2,561
up €2,561 (+2.8%), from -€92,768 to -€90,207
- Short-term financial debts -€251
down €251 (-35.9%), from €699 to €448
- Gross operating margin +€1,367
up €1,367 (+40.0%), from €3,420 to €4,787
- Staff costs +€273
up €273 (+48.4%), from €565 to €838
- Depreciation -€176
down €176 (-12.2%), from €1,440 to €1,264
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,893 | €5,607 | -€1,286 | -18.7% |
| Fixed assets | 21/28 | €6,871 | €5,607 | -€1,264 | -18.4% |
| Tangible fixed assets | 22/27 | €6,871 | €5,607 | -€1,264 | -18.4% |
| Land and buildings | 22 | €5,445 | €4,538 | -€907 | -16.7% |
| Furniture and vehicles | 24 | €1,426 | €1,069 | -€357 | -25.0% |
| Current assets | 29/58 | €22 | - | -€22 | |
| Amounts receivable within one year | 40/41 | €22 | - | -€22 | |
| Trade receivables | 40 | €22 | - | -€22 | |
| Total equity and liabilities | 10/49 | €6,893 | €5,607 | -€1,286 | -18.7% |
| Equity | 10/15 | -€74,168 | -€71,607 | +€2,561 | +3.5% |
| Reserves | 13 | €18,600 | €18,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,600 | €18,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,768 | -€90,207 | +€2,561 | +2.8% |
| Amounts payable | 17/49 | €81,061 | €77,214 | -€3,847 | -4.7% |
| Amounts payable within one year | 42/48 | €81,061 | €77,214 | -€3,847 | -4.7% |
| Financial debts | 43 | €699 | €448 | -€251 | -35.9% |
| Credit institutions | 430/8 | €699 | €448 | -€251 | -35.9% |
| Trade debts | 44 | - | €24 | +€24 | |
| Suppliers | 440/4 | - | €24 | +€24 | |
| Other amounts payable | 47/48 | €80,362 | €76,742 | -€3,620 | -4.5% |
| Remuneration, social security and pensions | 62 | €565 | €838 | +€273 | +48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,440 | €1,264 | -€176 | -12.2% |
| Gross operating margin | 9900 | €3,420 | €4,787 | +€1,367 | +40.0% |
| Operating profit (loss) | 9901 | €1,415 | €2,685 | +€1,270 | +89.7% |
| Financial charges | 65/66B | €146 | €124 | -€22 | -14.8% |
| Recurring financial charges | 65 | €146 | €124 | -€22 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €1,270 | €2,561 | +€1,291 | +102% |
| Profit (loss) for the period | 9904 | €1,270 | €2,561 | +€1,291 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €1,270 | €2,561 | +€1,291 | +102% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.