NGC: 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.
NGC
Largest movements
- Cash -€15,148
down €15,148 (-16.3%), from €92,825 to €77,678
mainly Receivables within one year (-€14,243) and Stocks and contracts (-€10,412)
- Receivables within one year +€14,243
up €14,243 (+1183.4%), from €1,204 to €15,447
of which Trade receivables: +€14,270
- Stocks and contracts +€10,412
new in 2025: €10,412
- Trade debts +€11,718
up €11,718 (+394.9%), from €2,967 to €14,685
- Accrued charges and deferred income +€9,211
new in 2025: €9,211
- Other debts -€7,428
down €7,428 (-69.3%), from €10,721 to €3,293
- Tax, wage and social debts -€6,302
down €6,302 (-45.7%), from €13,800 to €7,498
- Reserves +€1,913
up €1,913 (+3.0%), from €63,169 to €65,082
- Gross operating margin -€11,546
down €11,546 (-59.4%), from €19,426 to €7,880
- Taxes -€3,165
down €3,165 (-66.5%), from €4,757 to €1,591
- Financial charges +€715
up €715 (+47.2%), from €1,514 to €2,229
- Other operating charges +€412
up €412 (+44.6%), from €922 to €1,334
- Depreciation +€269
up €269 (+41.5%), from €648 to €917
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 | €96,857 | €105,969 | +€9,112 | +9.4% |
| Fixed assets | 21/28 | €2,142 | €2,397 | +€255 | +11.9% |
| Tangible fixed assets | 22/27 | €2,142 | €2,397 | +€255 | +11.9% |
| Plant, machinery and equipment | 23 | €2,142 | €2,397 | +€255 | +11.9% |
| Current assets | 29/58 | €94,715 | €103,572 | +€8,857 | +9.4% |
| Stocks and contracts in progress | 3 | - | €10,412 | +€10,412 | |
| Stocks | 30/36 | - | €10,412 | +€10,412 | |
| Amounts receivable within one year | 40/41 | €1,204 | €15,447 | +€14,243 | +1183.4% |
| Trade receivables | 40 | €934 | €15,204 | +€14,270 | +1527.5% |
| Other amounts receivable | 41 | €269 | €243 | -€26 | -9.8% |
| Cash at bank and in hand | 54/58 | €92,825 | €77,678 | -€15,148 | -16.3% |
| Deferred charges and accrued income | 490/1 | €686 | €35 | -€651 | -94.8% |
| Total equity and liabilities | 10/49 | €96,857 | €105,969 | +€9,112 | +9.4% |
| Equity | 10/15 | €69,369 | €71,282 | +€1,913 | +2.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €63,169 | €65,082 | +€1,913 | +3.0% |
| Distributable reserves | 133 | €63,169 | €65,082 | +€1,913 | +3.0% |
| Amounts payable | 17/49 | €27,488 | €34,687 | +€7,199 | +26.2% |
| Amounts payable within one year | 42/48 | €27,488 | €25,476 | -€2,012 | -7.3% |
| Trade debts | 44 | €2,967 | €14,685 | +€11,718 | +394.9% |
| Suppliers | 440/4 | €2,967 | €14,685 | +€11,718 | +394.9% |
| Taxes, remuneration and social security | 45 | €13,800 | €7,498 | -€6,302 | -45.7% |
| Taxes | 450/3 | €13,800 | €7,498 | -€6,302 | -45.7% |
| Other amounts payable | 47/48 | €10,721 | €3,293 | -€7,428 | -69.3% |
| Accrued charges and deferred income | 492/3 | - | €9,211 | +€9,211 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €648 | €917 | +€269 | +41.5% |
| Other operating charges | 640/8 | €922 | €1,334 | +€412 | +44.6% |
| Gross operating margin | 9900 | €19,426 | €7,880 | -€11,546 | -59.4% |
| Operating profit (loss) | 9901 | €17,856 | €5,629 | -€12,227 | -68.5% |
| Financial income | 75/76B | €34 | €104 | +€70 | +208.6% |
| Recurring financial income | 75 | €34 | €104 | +€70 | +208.6% |
| Financial charges | 65/66B | €1,514 | €2,229 | +€715 | +47.2% |
| Recurring financial charges | 65 | €1,514 | €2,229 | +€715 | +47.2% |
| Profit (loss) for the period before taxes | 9903 | €16,376 | €3,505 | -€12,871 | -78.6% |
| Income taxes | 67/77 | €4,757 | €1,591 | -€3,165 | -66.5% |
| Profit (loss) for the period | 9904 | €11,619 | €1,913 | -€9,706 | -83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,619 | €1,913 | -€9,706 | -83.5% |
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 7 October 2026 via checked.be.