NGIRINGABO GASTON: 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.
NGIRINGABO GASTON
Largest movements
- Deferred charges and accrued income +€39,125
up €39,125 (+156%), from €25,053 to €64,178
- Cash +€6,760
up €6,760 (+14.9%), from €45,517 to €52,277
mainly Net result for the year (+€64,347) and Other debts (+€48,629)
- Receivables within one year -€6,453
down €6,453 (-86.3%), from €7,478 to €1,026
- Profit (loss) carried forward -€65,520
no longer reported in 2025 (was €65,520)
- Reserves +€64,347
up €64,347 (+72.6%), from €88,670 to €153,017
- Other debts +€48,629
up €48,629 (+124%), from €39,180 to €87,810
- Debts after one year -€20,924
down €20,924 (-12.0%), from €174,638 to €153,714
- Tax, wage and social debts +€12,067
up €12,067 (+348%), from €3,465 to €15,532
of which Taxes: +€14,741
- Gross operating margin +€66,490
up €66,490 (+57.0%), from €116,709 to €183,198
- Financial charges +€16,577
up €16,577 (+30.4%), from €54,478 to €71,055
- Taxes +€12,953
up €12,953 (+95.8%), from €13,522 to €26,474
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 | €429,376 | €468,096 | +€38,720 | +9.0% |
| Fixed assets | 21/28 | €351,328 | €350,616 | -€712 | -0.2% |
| Tangible fixed assets | 22/27 | €351,328 | €350,616 | -€712 | -0.2% |
| Land and buildings | 22 | €325,798 | €315,825 | -€9,972 | -3.1% |
| Plant, machinery and equipment | 23 | €880 | €20,170 | +€19,290 | +2,192% |
| Furniture and vehicles | 24 | €22,200 | €14,620 | -€7,580 | -34.1% |
| Assets under construction and advance payments | 27 | €2,450 | - | -€2,450 | |
| Current assets | 29/58 | €78,048 | €117,480 | +€39,433 | +50.5% |
| Amounts receivable within one year | 40/41 | €7,478 | €1,026 | -€6,453 | -86.3% |
| Other amounts receivable | 41 | €7,478 | €1,026 | -€6,453 | -86.3% |
| Cash at bank and in hand | 54/58 | €45,517 | €52,277 | +€6,760 | +14.9% |
| Deferred charges and accrued income | 490/1 | €25,053 | €64,178 | +€39,125 | +156% |
| Total equity and liabilities | 10/49 | €429,376 | €468,096 | +€38,720 | +9.0% |
| Equity | 10/15 | €191,290 | €190,117 | -€1,173 | -0.6% |
| Contributions | 10/11 | €37,100 | €37,100 | = | 0.0% |
| Reserves | 13 | €88,670 | €153,017 | +€64,347 | +72.6% |
| Distributable reserves | 133 | €88,670 | €153,017 | +€64,347 | +72.6% |
| Profit (loss) carried forward | 14 | €65,520 | - | -€65,520 | |
| Amounts payable | 17/49 | €238,086 | €277,979 | +€39,893 | +16.8% |
| Amounts payable after more than one year | 17 | €174,638 | €153,714 | -€20,924 | -12.0% |
| Financial debts | 170/4 | €174,638 | €153,714 | -€20,924 | -12.0% |
| Amounts payable within one year | 42/48 | €63,448 | €124,265 | +€60,817 | +95.9% |
| Current portion of amounts payable after more than one year | 42 | €20,155 | €20,924 | +€768 | +3.8% |
| Trade debts | 44 | €647 | - | -€647 | |
| Suppliers | 440/4 | €647 | - | -€647 | |
| Taxes, remuneration and social security | 45 | €3,465 | €15,532 | +€12,067 | +348% |
| Taxes | 450/3 | €791 | €15,532 | +€14,741 | +1,863% |
| Remuneration and social security | 454/9 | €2,674 | - | -€2,674 | |
| Other amounts payable | 47/48 | €39,180 | €87,810 | +€48,629 | +124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,772 | €19,182 | +€1,410 | +7.9% |
| Other operating charges | 640/8 | €2,075 | €2,140 | +€65 | +3.1% |
| Gross operating margin | 9900 | €116,709 | €183,198 | +€66,490 | +57.0% |
| Operating profit (loss) | 9901 | €96,861 | €161,876 | +€65,015 | +67.1% |
| Financial charges | 65/66B | €54,478 | €71,055 | +€16,577 | +30.4% |
| Recurring financial charges | 65 | €54,478 | €71,055 | +€16,577 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | €42,383 | €90,821 | +€48,438 | +114% |
| Income taxes | 67/77 | €13,522 | €26,474 | +€12,953 | +95.8% |
| Profit (loss) for the period | 9904 | €28,861 | €64,347 | +€35,486 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €28,861 | €64,347 | +€35,486 | +123% |
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 26 October 2026 via checked.be.