NGCS: 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.
NGCS
Largest movements
- Cash +€85,817
up €85,817 (+97.7%), from €87,798 to €173,615
mainly Net result for the year (+€85,867) and Receivables within one year (+€17,806)
- Receivables within one year -€17,806
down €17,806 (-27.8%), from €64,146 to €46,340
of which Trade receivables: -€18,127
- Deferred charges and accrued income +€11,510
up €11,510 (+2,621%), from €439 to €11,949
- Profit (loss) carried forward +€85,867
up €85,867 (+62.8%), from €136,816 to €222,683
- Tax, wage and social debts -€14,965
down €14,965 (-99.6%), from €15,020 to €54
- Other debts +€8,966
up €8,966 (+206%), from €4,343 to €13,309
- Gross operating margin -€66,785
down €66,785 (-37.4%), from €178,374 to €111,590
- Taxes -€16,819
down €16,819 (-43.1%), from €39,010 to €22,191
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 | €162,142 | €241,530 | +€79,388 | +49.0% |
| Formation expenses | 20 | €547 | - | -€547 | |
| Fixed assets | 21/28 | €9,212 | €9,626 | +€414 | +4.5% |
| Tangible fixed assets | 22/27 | €9,212 | €9,626 | +€414 | +4.5% |
| Plant, machinery and equipment | 23 | €6,740 | €7,463 | +€724 | +10.7% |
| Furniture and vehicles | 24 | €2,472 | €2,163 | -€310 | -12.5% |
| Current assets | 29/58 | €152,383 | €231,905 | +€79,522 | +52.2% |
| Amounts receivable within one year | 40/41 | €64,146 | €46,340 | -€17,806 | -27.8% |
| Trade receivables | 40 | €64,146 | €46,019 | -€18,127 | -28.3% |
| Other amounts receivable | 41 | - | €321 | +€321 | |
| Cash at bank and in hand | 54/58 | €87,798 | €173,615 | +€85,817 | +97.7% |
| Deferred charges and accrued income | 490/1 | €439 | €11,949 | +€11,510 | +2,621% |
| Total equity and liabilities | 10/49 | €162,142 | €241,530 | +€79,388 | +49.0% |
| Equity | 10/15 | €139,816 | €225,683 | +€85,867 | +61.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,816 | €222,683 | +€85,867 | +62.8% |
| Amounts payable | 17/49 | €22,326 | €15,847 | -€6,479 | -29.0% |
| Amounts payable within one year | 42/48 | €22,326 | €15,847 | -€6,479 | -29.0% |
| Trade debts | 44 | €2,964 | €2,484 | -€480 | -16.2% |
| Suppliers | 440/4 | €2,964 | €2,484 | -€480 | -16.2% |
| Taxes, remuneration and social security | 45 | €15,020 | €54 | -€14,965 | -99.6% |
| Taxes | 450/3 | €15,020 | €54 | -€14,965 | -99.6% |
| Other amounts payable | 47/48 | €4,343 | €13,309 | +€8,966 | +206% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,419 | €2,737 | +€318 | +13.1% |
| Other operating charges | 640/8 | €111 | €184 | +€74 | +66.5% |
| Non-recurring operating charges | 66A | - | €547 | +€547 | |
| Gross operating margin | 9900 | €178,374 | €111,590 | -€66,785 | -37.4% |
| Operating profit (loss) | 9901 | €175,844 | €108,122 | -€67,723 | -38.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €19 | €64 | +€45 | +240% |
| Recurring financial charges | 65 | €19 | €64 | +€45 | +240% |
| Profit (loss) for the period before taxes | 9903 | €175,826 | €108,058 | -€67,768 | -38.5% |
| Income taxes | 67/77 | €39,010 | €22,191 | -€16,819 | -43.1% |
| Profit (loss) for the period | 9904 | €136,816 | €85,867 | -€50,948 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €136,816 | €85,867 | -€50,948 | -37.2% |
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 18 October 2026 via checked.be.