NGLG: what changed
Two fiscal 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.
NGLG
Largest movements
- Receivables within one year +€98,413
up €98,413 (+78.5%), from €125,358 to €223,771
of which Trade receivables: +€62,904
- Tangible fixed assets +€66,725
up €66,725 (+2.8%), from €2.4m to €2.5m
- Trade debts +€107,469
new in 2025: €107,469
- Reserves +€37,161
up €37,161 (+6.8%), from €547,125 to €584,286
- Financial income -€4,684
down €4,684 (-47.7%), from €9,813 to €5,129
- Depreciation +€2,720
up €2,720 (+7.5%), from €36,132 to €38,853
- Taxes -€2,701
down €2,701 (-15.5%), from €17,419 to €14,718
- Gross operating margin -€1,507
down €1,507 (-1.5%), from €98,762 to €97,255
- Financial charges +€1,494
up €1,494 (+21.4%), from €6,995 to €8,489
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 | €2,908,893 | €3,072,857 | +€163,964 | +5.6% |
| Fixed assets | 21/28 | €2,392,818 | €2,459,543 | +€66,725 | +2.8% |
| Tangible fixed assets | 22/27 | €2,392,818 | €2,459,543 | +€66,725 | +2.8% |
| Land and buildings | 22 | €2,392,818 | €2,459,543 | +€66,725 | +2.8% |
| Current assets | 29/58 | €516,074 | €613,314 | +€97,240 | +18.8% |
| Amounts receivable within one year | 40/41 | €125,358 | €223,771 | +€98,413 | +78.5% |
| Trade receivables | 40 | €1,051 | €63,954 | +€62,904 | +5985.7% |
| Other amounts receivable | 41 | €124,307 | €159,817 | +€35,510 | +28.6% |
| Current investments | 50/53 | €300,000 | €300,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €90,717 | €89,543 | -€1,174 | -1.3% |
| Total equity and liabilities | 10/49 | €2,908,893 | €3,072,857 | +€163,964 | +5.6% |
| Equity | 10/15 | €2,787,269 | €2,824,430 | +€37,161 | +1.3% |
| Contributions | 10/11 | €2,240,143 | €2,240,143 | = | 0.0% |
| Reserves | 13 | €547,125 | €584,286 | +€37,161 | +6.8% |
| Distributable reserves | 133 | €547,125 | €584,286 | +€37,161 | +6.8% |
| Amounts payable | 17/49 | €121,624 | €248,427 | +€126,804 | +104.3% |
| Amounts payable within one year | 42/48 | €114,634 | €239,939 | +€125,304 | +109.3% |
| Trade debts | 44 | - | €107,469 | +€107,469 | |
| Suppliers | 440/4 | - | €107,469 | +€107,469 | |
| Taxes, remuneration and social security | 45 | €7,339 | €5,157 | -€2,183 | -29.7% |
| Taxes | 450/3 | €7,339 | €5,157 | -€2,183 | -29.7% |
| Other amounts payable | 47/48 | €107,295 | €127,313 | +€20,017 | +18.7% |
| Accrued charges and deferred income | 492/3 | €6,989 | €8,489 | +€1,500 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,132 | €38,853 | +€2,720 | +7.5% |
| Other operating charges | 640/8 | €2,161 | €3,164 | +€1,002 | +46.4% |
| Gross operating margin | 9900 | €98,762 | €97,255 | -€1,507 | -1.5% |
| Operating profit (loss) | 9901 | €60,468 | €55,238 | -€5,230 | -8.6% |
| Financial income | 75/76B | €9,813 | €5,129 | -€4,684 | -47.7% |
| Recurring financial income | 75 | €9,813 | €5,129 | -€4,684 | -47.7% |
| Financial charges | 65/66B | €6,995 | €8,489 | +€1,494 | +21.4% |
| Recurring financial charges | 65 | €6,995 | €8,489 | +€1,494 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €63,287 | €51,879 | -€11,408 | -18.0% |
| Income taxes | 67/77 | €17,419 | €14,718 | -€2,701 | -15.5% |
| Profit (loss) for the period | 9904 | €45,868 | €37,161 | -€8,707 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,868 | €37,161 | -€8,707 | -19.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.