NGDATA: 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.
NGDATA
Largest movements
- Receivables within one year +€5.5m
up €5.5m (+10.6%), from €51.8m to €57.3m
of which Other amounts receivable: +€5.6m
- Cash -€766,138
down €766,138 (-36.9%), from €2.1m to €1.3m
mainly Receivables within one year (-€5.5m) and Net result for the year (-€2.0m)
- Contributions +€3.9m
up €3.9m (+5.3%), from €73.9m to €77.8m
of which Contributions outside capital: +€2.1m
- Other debts +€3.6m
up €3.6m (+72.0%), from €4.9m to €8.5m
- Profit (loss) carried forward -€2.0m
down €2.0m (-9.7%), from -€20.4m to -€22.3m
- Tax, wage and social debts -€717,199
down €717,199 (-100.0%), from €717,322 to €122
of which Taxes: -€717,322
- Financial charges -€338,007
down €338,007 (-90.5%), from €373,635 to €35,628
- Financial income +€198,079
up €198,079 (+12.5%), from €1.6m to €1.8m
- Taxes -€125,022
down €125,022 (-99.9%), from €125,154 to €132
- Gross operating margin -€115,587
down €115,587 (-53.2%), from -€217,427 to -€333,015
- Staff costs -€67,103
down €67,103, from €66,758 to -€345
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 | €66,693,008 | €71,417,721 | +€4.7m | +7.1% |
| Formation expenses | 20 | - | €12,925 | +€12,925 | |
| Fixed assets | 21/28 | €7,603,548 | €7,592,222 | -€11,326 | -0.1% |
| Intangible fixed assets | 21 | €23 | €23 | = | 0.0% |
| Tangible fixed assets | 22/27 | €70,615 | €59,289 | -€11,326 | -16.0% |
| Plant, machinery and equipment | 23 | €70,615 | €59,289 | -€11,326 | -16.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | 0.0% |
| Financial fixed assets | 28 | €7,532,910 | €7,532,910 | = | 0.0% |
| Current assets | 29/58 | €59,089,460 | €63,812,574 | +€4.7m | +8.0% |
| Amounts receivable after more than one year | 29 | €5,129,046 | €5,129,046 | = | 0.0% |
| Other amounts receivable | 291 | €5,129,046 | €5,129,046 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51,796,308 | €57,295,934 | +€5.5m | +10.6% |
| Trade receivables | 40 | €19,291,349 | €19,217,755 | -€73,594 | -0.4% |
| Other amounts receivable | 41 | €32,504,958 | €38,078,179 | +€5.6m | +17.1% |
| Cash at bank and in hand | 54/58 | €2,077,995 | €1,311,858 | -€766,138 | -36.9% |
| Deferred charges and accrued income | 490/1 | €86,111 | €75,736 | -€10,375 | -12.0% |
| Total equity and liabilities | 10/49 | €66,693,008 | €71,417,721 | +€4.7m | +7.1% |
| Equity | 10/15 | €53,562,264 | €55,496,092 | +€1.9m | +3.6% |
| Contributions | 10/11 | €73,893,973 | €77,793,973 | +€3.9m | +5.3% |
| Capital | 10 | €25,583,306 | €27,400,082 | +€1.8m | +7.1% |
| Issued capital | 100 | €25,583,306 | €27,400,082 | +€1.8m | +7.1% |
| Contributions outside capital | 11 | €48,310,667 | €50,393,891 | +€2.1m | +4.3% |
| Share premium | 1100/10 | €48,310,667 | €50,393,891 | +€2.1m | +4.3% |
| Reserves | 13 | €25,043 | €25,043 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,043 | €25,043 | = | 0.0% |
| Legal reserve | 130 | €25,043 | €25,043 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,356,752 | -€22,322,924 | -€2.0m | -9.7% |
| Amounts payable | 17/49 | €13,130,744 | €15,921,629 | +€2.8m | +21.3% |
| Amounts payable within one year | 42/48 | €12,605,967 | €15,405,137 | +€2.8m | +22.2% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €6,845,460 | €6,800,973 | -€44,487 | -0.6% |
| Suppliers | 440/4 | €6,845,460 | €6,800,973 | -€44,487 | -0.6% |
| Taxes, remuneration and social security | 45 | €717,322 | €122 | -€717,199 | -100.0% |
| Taxes | 450/3 | €717,322 | - | -€717,322 | |
| Remuneration and social security | 454/9 | - | €122 | +€122 | |
| Other amounts payable | 47/48 | €4,943,185 | €8,504,042 | +€3.6m | +72.0% |
| Accrued charges and deferred income | 492/3 | €524,777 | €516,493 | -€8,284 | -1.6% |
| Remuneration, social security and pensions | 62 | €66,758 | -€345 | -€67,103 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,949 | €14,973 | +€3,025 | +25.3% |
| Other operating charges | 640/8 | €3,371 | €1,559 | -€1,812 | -53.8% |
| Non-recurring operating charges | 66A | €81,312 | €3,364,881 | +€3.3m | +4038.2% |
| Gross operating margin | 9900 | -€217,427 | -€333,015 | -€115,587 | -53.2% |
| Operating profit (loss) | 9901 | -€380,817 | -€3,714,082 | -€3.3m | -875.3% |
| Financial income | 75/76B | €1,585,592 | €1,783,671 | +€198,079 | +12.5% |
| Recurring financial income | 75 | €1,585,592 | €1,783,671 | +€198,079 | +12.5% |
| Financial charges | 65/66B | €373,635 | €35,628 | -€338,007 | -90.5% |
| Recurring financial charges | 65 | €373,635 | €35,628 | -€338,007 | -90.5% |
| Profit (loss) for the period before taxes | 9903 | €831,140 | -€1,966,039 | -€2.8m | |
| Income taxes | 67/77 | €125,154 | €132 | -€125,022 | -99.9% |
| Profit (loss) for the period | 9904 | €705,986 | -€1,966,172 | -€2.7m | |
| Profit (loss) for the period to be appropriated | 9905 | €705,986 | -€1,966,172 | -€2.7m |
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 11 October 2026 via checked.be.