NGK: 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.
NGK
Largest movements
- Cash +€140,343
up €140,343 (+851.0%), from €16,491 to €156,835
mainly Net result for the year (+€96,139) and Investment in fixed assets (net) (+€32,792)
- Financial fixed assets -€49,995
no longer reported in 2025 (was €49,995)
- Receivables within one year +€8,350
up €8,350 (+29.2%), from €28,603 to €36,953
of which Trade receivables: +€9,162
- Deferred charges and accrued income +€4,792
up €4,792 (+97.9%), from €4,895 to €9,688
- Reserves +€79,648
up €79,648 (+71.6%), from €111,186 to €190,834
- Short-term financial debts +€24,612
up €24,612 (+214.0%), from €11,500 to €36,112
of which Other loans: +€24,500
- Current portion of long-term debt -€6,775
down €6,775 (-40.2%), from €16,861 to €10,087
- Trade debts +€6,353
up €6,353 (+119.1%), from €5,336 to €11,689
- Debts after one year -€3,292
down €3,292 (-25.4%), from €12,951 to €9,658
- Financial income +€72,895
up €72,895 (+51498.0%), from €142 to €73,037
- Taxes +€24,707
up €24,707 (+130.5%), from €18,932 to €43,639
- Gross operating margin +€20,393
up €20,393 (+30.5%), from €66,777 to €87,170
- Depreciation +€3,372
up €3,372 (+21.4%), from €15,789 to €19,161
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 | €167,434 | €268,955 | +€101,521 | +60.6% |
| Fixed assets | 21/28 | €97,433 | €45,480 | -€51,953 | -53.3% |
| Tangible fixed assets | 22/27 | €47,438 | €45,480 | -€1,958 | -4.1% |
| Plant, machinery and equipment | 23 | €11,358 | €7,450 | -€3,908 | -34.4% |
| Furniture and vehicles | 24 | €36,080 | €38,029 | +€1,950 | +5.4% |
| Financial fixed assets | 28 | €49,995 | - | -€49,995 | |
| Current assets | 29/58 | €70,001 | €223,475 | +€153,474 | +219.2% |
| Amounts receivable within one year | 40/41 | €28,603 | €36,953 | +€8,350 | +29.2% |
| Trade receivables | 40 | €15,553 | €24,715 | +€9,162 | +58.9% |
| Other amounts receivable | 41 | €13,050 | €12,238 | -€812 | -6.2% |
| Current investments | 50/53 | €20,012 | €20,000 | -€12 | -0.1% |
| Cash at bank and in hand | 54/58 | €16,491 | €156,835 | +€140,343 | +851.0% |
| Deferred charges and accrued income | 490/1 | €4,895 | €9,688 | +€4,792 | +97.9% |
| Total equity and liabilities | 10/49 | €167,434 | €268,955 | +€101,521 | +60.6% |
| Equity | 10/15 | €117,386 | €197,034 | +€79,648 | +67.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €111,186 | €190,834 | +€79,648 | +71.6% |
| Distributable reserves | 133 | €111,186 | €190,834 | +€79,648 | +71.6% |
| Amounts payable | 17/49 | €50,048 | €71,922 | +€21,873 | +43.7% |
| Amounts payable after more than one year | 17 | €12,951 | €9,658 | -€3,292 | -25.4% |
| Financial debts | 170/4 | €12,951 | €9,658 | -€3,292 | -25.4% |
| Amounts payable within one year | 42/48 | €37,098 | €62,263 | +€25,165 | +67.8% |
| Current portion of amounts payable after more than one year | 42 | €16,861 | €10,087 | -€6,775 | -40.2% |
| Financial debts | 43 | €11,500 | €36,112 | +€24,612 | +214.0% |
| Credit institutions | 430/8 | - | €112 | +€112 | |
| Other loans | 439 | €11,500 | €36,000 | +€24,500 | +213.0% |
| Trade debts | 44 | €5,336 | €11,689 | +€6,353 | +119.1% |
| Suppliers | 440/4 | €5,336 | €11,689 | +€6,353 | +119.1% |
| Taxes, remuneration and social security | 45 | €1,600 | €1,600 | = | 0.0% |
| Taxes | 450/3 | €1,600 | €1,600 | = | 0.0% |
| Other amounts payable | 47/48 | €1,800 | €2,775 | +€975 | +54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,789 | €19,161 | +€3,372 | +21.4% |
| Other operating charges | 640/8 | €395 | €316 | -€79 | -19.9% |
| Gross operating margin | 9900 | €66,777 | €87,170 | +€20,393 | +30.5% |
| Operating profit (loss) | 9901 | €50,593 | €67,693 | +€17,100 | +33.8% |
| Financial income | 75/76B | €142 | €73,037 | +€72,895 | +51498.0% |
| Recurring financial income | 75 | €142 | €73,037 | +€72,895 | +51498.0% |
| Financial charges | 65/66B | €1,082 | €952 | -€130 | -12.0% |
| Recurring financial charges | 65 | €1,082 | €952 | -€130 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €49,653 | €139,778 | +€90,125 | +181.5% |
| Income taxes | 67/77 | €18,932 | €43,639 | +€24,707 | +130.5% |
| Profit (loss) for the period | 9904 | €30,721 | €96,139 | +€65,418 | +212.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,721 | €96,139 | +€65,418 | +212.9% |
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.