NGA-TRANS: 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.
NGA-TRANS
Largest movements
- Tangible fixed assets +€73,652
up €73,652 (+690%), from €10,670 to €84,323
of which Furniture and vehicles: +€69,677
- Receivables within one year +€27,457
up €27,457 (+249%), from €11,021 to €38,478
of which Trade receivables: +€25,139
- Cash +€15,745
up €15,745 (+192%), from €8,191 to €23,935
mainly Net result for the year (+€49,257) and Tax, wage and social debts (+€35,980)
- Financial fixed assets +€13,710
up €13,710 (+89.4%), from €15,335 to €29,045
- Deferred charges and accrued income +€2,673
new in 2025: €2,673
- Profit (loss) carried forward +€49,257
up €49,257 (+412%), from €11,959 to €61,216
- Tax, wage and social debts +€35,980
up €35,980 (+527%), from €6,827 to €42,807
of which Taxes: +€22,161
- Trade debts +€34,934
up €34,934 (+3,676%), from €950 to €35,885
- Debts after one year +€17,544
new in 2025: €17,544
- Other debts -€13,480
no longer reported in 2025 (was €13,480)
- Gross operating margin +€176,096
up €176,096 (+979%), from €17,996 to €194,092
- Staff costs +€108,915
up €108,915 (+5,748%), from €1,895 to €110,810
- Depreciation +€11,210
up €11,210 (+1,351%), from €830 to €12,039
- Taxes +€10,672
up €10,672 (+357%), from €2,990 to €13,662
- Other operating charges +€6,951
up €6,951 (+2,160%), from €322 to €7,273
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 | €45,217 | €178,454 | +€133,237 | +295% |
| Fixed assets | 21/28 | €26,005 | €113,368 | +€87,362 | +336% |
| Tangible fixed assets | 22/27 | €10,670 | €84,323 | +€73,652 | +690% |
| Plant, machinery and equipment | 23 | - | €3,976 | +€3,976 | |
| Furniture and vehicles | 24 | €10,670 | €80,347 | +€69,677 | +653% |
| Financial fixed assets | 28 | €15,335 | €29,045 | +€13,710 | +89.4% |
| Current assets | 29/58 | €19,211 | €65,086 | +€45,875 | +239% |
| Amounts receivable within one year | 40/41 | €11,021 | €38,478 | +€27,457 | +249% |
| Trade receivables | 40 | €11,021 | €36,160 | +€25,139 | +228% |
| Other amounts receivable | 41 | - | €2,318 | +€2,318 | |
| Cash at bank and in hand | 54/58 | €8,191 | €23,935 | +€15,745 | +192% |
| Deferred charges and accrued income | 490/1 | - | €2,673 | +€2,673 | |
| Total equity and liabilities | 10/49 | €45,217 | €178,454 | +€133,237 | +295% |
| Equity | 10/15 | €23,959 | €73,216 | +€49,257 | +206% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,959 | €61,216 | +€49,257 | +412% |
| Amounts payable | 17/49 | €21,258 | €105,238 | +€83,981 | +395% |
| Amounts payable after more than one year | 17 | - | €17,544 | +€17,544 | |
| Financial debts | 170/4 | - | €17,544 | +€17,544 | |
| Amounts payable within one year | 42/48 | €21,258 | €84,310 | +€63,052 | +297% |
| Current portion of amounts payable after more than one year | 42 | - | €5,618 | +€5,618 | |
| Trade debts | 44 | €950 | €35,885 | +€34,934 | +3,676% |
| Suppliers | 440/4 | €950 | €35,885 | +€34,934 | +3,676% |
| Taxes, remuneration and social security | 45 | €6,827 | €42,807 | +€35,980 | +527% |
| Taxes | 450/3 | €5,045 | €27,206 | +€22,161 | +439% |
| Remuneration and social security | 454/9 | €1,782 | €15,602 | +€13,820 | +775% |
| Other amounts payable | 47/48 | €13,480 | - | -€13,480 | |
| Accrued charges and deferred income | 492/3 | - | €3,385 | +€3,385 | |
| Remuneration, social security and pensions | 62 | €1,895 | €110,810 | +€108,915 | +5,748% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €830 | €12,039 | +€11,210 | +1,351% |
| Other operating charges | 640/8 | €322 | €7,273 | +€6,951 | +2,160% |
| Gross operating margin | 9900 | €17,996 | €194,092 | +€176,096 | +979% |
| Operating profit (loss) | 9901 | €14,949 | €63,969 | +€49,020 | +328% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1 | €1,051 | +€1,050 | +141,907% |
| Recurring financial charges | 65 | €1 | €1,051 | +€1,050 | +141,907% |
| Profit (loss) for the period before taxes | 9903 | €14,949 | €62,918 | +€47,970 | +321% |
| Income taxes | 67/77 | €2,990 | €13,662 | +€10,672 | +357% |
| Profit (loss) for the period | 9904 | €11,959 | €49,257 | +€37,298 | +312% |
| Profit (loss) for the period to be appropriated | 9905 | €11,959 | €49,257 | +€37,298 | +312% |
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 20 October 2026 via checked.be.