NGiS: what changed
What changed
NGiS
NACE 61.100, Wired, wireless and satellite telecommunications
filed annual accounts (NBB)
Net result for the year
-€487,698
31-12-2024 · €486,671-€974,369
Equity
€3.2m
31-12-2024 · €3.7m-€487,698
Cash
€238,062
31-12-2024 · €1.1m-€888,109
Balance sheet total
€5.7m
31-12-2024 · €6.9m-€1.2m
Largest movements
Assets
- Cash -€888,109
down €888,109 (-78.9%), from €1.1m to €238,062
mainly Accrued charges and deferred income (-€933,194) and Net result for the year (-€487,698)
- Receivables within one year -€368,450
down €368,450 (-7.3%), from €5.1m to €4.7m
of which Other amounts receivable: -€637,353
Equity and liabilities
- Accrued charges and deferred income -€933,194
down €933,194 (-100.0%), from €933,558 to €363
- Other debts +€600,000
up €600,000 (+35,296%), from €1,700 to €601,700
- Profit (loss) carried forward -€487,698
down €487,698 (-17.9%), from €2.7m to €2.2m
- Trade debts -€314,194
down €314,194 (-15.9%), from €2.0m to €1.7m
Income statement
- Gross operating margin -€907,267
down €907,267 (-56.4%), from €1.6m to €702,075
- Staff costs +€217,259
up €217,259 (+23.3%), from €931,773 to €1.1m
- Taxes -€176,258
down €176,258 (-98.8%), from €178,401 to €2,143
- Depreciation +€27,041
up €27,041 (+47.9%), from €56,501 to €83,542
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 31-12-2024
€486,671
Gross operating margin
-€907,267
Staff costs
-€217,259
Depreciation
-€27,041
Other operating charges
+€7,655
Financial income
-€9,522
Financial charges
+€2,807
Taxes
+€176,258
Result 31-12-2025
-€487,698
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€760,781
Investment
-€127,329
Financing
€0
Cash 31-12-2024
€1.1m
From operations (derived)
-€760,781
Net result for the year
-€487,698
Depreciation
+€83,542
Stocks and contracts
-€41,150
Receivables within one year
+€368,450
Deferred charges and accrued income
+€6,343
Trade debts
-€314,194
Tax, wage and social debts
-€41,786
Advances received
-€1,094
Other debts
+€600,000
Accrued charges and deferred income
-€933,194
Investment (derived)
-€127,329
Investment in fixed assets (net)
-€127,329
Cash 31-12-2025
€238,062
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,858,680 | €5,680,713 | -€1.2m | -17.2% |
| Fixed assets | 21/28 | €277,559 | €321,345 | +€43,786 | +15.8% |
| Intangible fixed assets | 21 | €106,609 | €162,769 | +€56,160 | +52.7% |
| Tangible fixed assets | 22/27 | €70,950 | €58,576 | -€12,374 | -17.4% |
| Plant, machinery and equipment | 23 | €1,051 | - | -€1,051 | |
| Furniture and vehicles | 24 | €45,700 | €38,213 | -€7,487 | -16.4% |
| Other tangible fixed assets | 26 | €24,199 | €20,363 | -€3,835 | -15.8% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €6,581,121 | €5,359,368 | -€1.2m | -18.6% |
| Stocks and contracts in progress | 3 | €246,112 | €287,262 | +€41,150 | +16.7% |
| Stocks | 30/36 | €246,112 | €287,262 | +€41,150 | +16.7% |
| Amounts receivable within one year | 40/41 | €5,074,025 | €4,705,575 | -€368,450 | -7.3% |
| Trade receivables | 40 | €2,051,420 | €2,320,323 | +€268,903 | +13.1% |
| Other amounts receivable | 41 | €3,022,605 | €2,385,251 | -€637,353 | -21.1% |
| Cash at bank and in hand | 54/58 | €1,126,171 | €238,062 | -€888,109 | -78.9% |
| Deferred charges and accrued income | 490/1 | €134,812 | €128,469 | -€6,343 | -4.7% |
| Total equity and liabilities | 10/49 | €6,858,680 | €5,680,713 | -€1.2m | -17.2% |
| Equity | 10/15 | €3,720,922 | €3,233,224 | -€487,698 | -13.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €977,793 | €977,793 | = | 0.0% |
| Tax-exempt reserves | 132 | €214 | €214 | = | 0.0% |
| Distributable reserves | 133 | €977,579 | €977,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,724,529 | €2,236,831 | -€487,698 | -17.9% |
| Amounts payable | 17/49 | €3,137,758 | €2,447,489 | -€690,268 | -22.0% |
| Amounts payable within one year | 42/48 | €2,204,200 | €2,447,126 | +€242,926 | +11.0% |
| Trade debts | 44 | €1,974,159 | €1,659,966 | -€314,194 | -15.9% |
| Suppliers | 440/4 | €1,974,159 | €1,659,966 | -€314,194 | -15.9% |
| Advances received on contracts in progress | 46 | €54,285 | €53,191 | -€1,094 | -2.0% |
| Taxes, remuneration and social security | 45 | €174,056 | €132,270 | -€41,786 | -24.0% |
| Taxes | 450/3 | €80,392 | €23,967 | -€56,426 | -70.2% |
| Remuneration and social security | 454/9 | €93,664 | €108,303 | +€14,640 | +15.6% |
| Other amounts payable | 47/48 | €1,700 | €601,700 | +€600,000 | +35,296% |
| Accrued charges and deferred income | 492/3 | €933,558 | €363 | -€933,194 | -100.0% |
| Non-recurring operating income | 76A | - | €60 | +€60 | |
| Remuneration, social security and pensions | 62 | €931,773 | €1,149,032 | +€217,259 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,501 | €83,542 | +€27,041 | +47.9% |
| Other operating charges | 640/8 | €12,463 | €4,808 | -€7,655 | -61.4% |
| Gross operating margin | 9900 | €1,609,342 | €702,075 | -€907,267 | -56.4% |
| Operating profit (loss) | 9901 | €608,605 | -€535,308 | -€1.1m | |
| Financial income | 75/76B | €62,400 | €52,878 | -€9,522 | -15.3% |
| Recurring financial income | 75 | €62,400 | €52,878 | -€9,522 | -15.3% |
| Financial charges | 65/66B | €5,932 | €3,125 | -€2,807 | -47.3% |
| Recurring financial charges | 65 | €5,932 | €3,125 | -€2,807 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €665,072 | -€485,555 | -€1.2m | |
| Income taxes | 67/77 | €178,401 | €2,143 | -€176,258 | -98.8% |
| Profit (loss) for the period | 9904 | €486,671 | -€487,698 | -€974,369 | |
| Profit (loss) for the period to be appropriated | 9905 | €486,671 | -€487,698 | -€974,369 |
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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 2 November 2026 via checked.be.