NGD FACTORY: what changed
NGD FACTORY
Largest movements
- Tangible fixed assets -€4,793
down €4,793 (-23.5%), from €20,430 to €15,637
of which Furniture and vehicles: -€3,443
- Receivables within one year -€3,367
down €3,367 (-29.7%), from €11,346 to €7,978
of which Other amounts receivable: -€2,203
- Stocks and contracts +€3,328
up €3,328 (+35.6%), from €9,350 to €12,678
- Cash -€2,938
down €2,938 (-10.6%), from €27,702 to €24,765
mainly Tax, wage and social debts (-€10,168) and Stocks and contracts (-€3,328)
- Tax, wage and social debts -€10,168
down €10,168 (-33.5%), from €30,344 to €20,176
of which Remuneration and social security: -€5,350
- Trade debts +€5,170
up €5,170 (+10.6%), from €48,586 to €53,757
- Profit (loss) carried forward -€2,772
down €2,772 (-9.0%), from -€30,675 to -€33,447
- Gross operating margin +€21,847
up €21,847 (+29.4%), from €74,220 to €96,068
- Staff costs +€21,819
up €21,819 (+35.0%), from €62,289 to €84,108
- Other operating charges +€4,161
up €4,161 (+146%), from €2,851 to €7,012
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
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,913 | €61,143 | -€7,770 | -11.3% |
| Fixed assets | 21/28 | €20,515 | €15,722 | -€4,793 | -23.4% |
| Tangible fixed assets | 22/27 | €20,430 | €15,637 | -€4,793 | -23.5% |
| Land and buildings | 22 | €2,373 | €2,034 | -€339 | -14.3% |
| Furniture and vehicles | 24 | €15,358 | €11,914 | -€3,443 | -22.4% |
| Other tangible fixed assets | 26 | €2,699 | €1,689 | -€1,011 | -37.4% |
| Financial fixed assets | 28 | €85 | €85 | = | 0.0% |
| Current assets | 29/58 | €48,398 | €45,422 | -€2,977 | -6.2% |
| Stocks and contracts in progress | 3 | €9,350 | €12,678 | +€3,328 | +35.6% |
| Stocks | 30/36 | €9,350 | €12,678 | +€3,328 | +35.6% |
| Amounts receivable within one year | 40/41 | €11,346 | €7,978 | -€3,367 | -29.7% |
| Trade receivables | 40 | €8,441 | €7,276 | -€1,165 | -13.8% |
| Other amounts receivable | 41 | €2,905 | €702 | -€2,203 | -75.8% |
| Cash at bank and in hand | 54/58 | €27,702 | €24,765 | -€2,938 | -10.6% |
| Total equity and liabilities | 10/49 | €68,913 | €61,143 | -€7,770 | -11.3% |
| Equity | 10/15 | -€10,270 | -€13,042 | -€2,772 | -27.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,675 | -€33,447 | -€2,772 | -9.0% |
| Amounts payable | 17/49 | €79,183 | €74,186 | -€4,997 | -6.3% |
| Amounts payable within one year | 42/48 | €79,183 | €74,186 | -€4,997 | -6.3% |
| Trade debts | 44 | €48,586 | €53,757 | +€5,170 | +10.6% |
| Suppliers | 440/4 | €48,586 | €53,757 | +€5,170 | +10.6% |
| Taxes, remuneration and social security | 45 | €30,344 | €20,176 | -€10,168 | -33.5% |
| Taxes | 450/3 | €12,819 | €8,002 | -€4,817 | -37.6% |
| Remuneration and social security | 454/9 | €17,525 | €12,174 | -€5,350 | -30.5% |
| Other amounts payable | 47/48 | €253 | €253 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €62,289 | €84,108 | +€21,819 | +35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,793 | €4,793 | = | 0.0% |
| Other operating charges | 640/8 | €2,851 | €7,012 | +€4,161 | +146% |
| Gross operating margin | 9900 | €74,220 | €96,068 | +€21,847 | +29.4% |
| Operating profit (loss) | 9901 | €4,287 | €155 | -€4,132 | -96.4% |
| Financial charges | 65/66B | €3,230 | €2,927 | -€303 | -9.4% |
| Recurring financial charges | 65 | €3,230 | €2,927 | -€303 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €1,057 | -€2,772 | -€3,829 | |
| Profit (loss) for the period | 9904 | €1,057 | -€2,772 | -€3,829 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,057 | -€2,772 | -€3,829 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.