NGM Advices: 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.
NGM Advices
Largest movements
- Tangible fixed assets -€49,957
down €49,957 (-98.3%), from €50,819 to €862
- Cash +€30,983
up €30,983 (+54.4%), from €56,945 to €87,927
mainly Investment in fixed assets (net) (+€49,178) and Other debts (+€29,024)
- Receivables within one year +€7,682
up €7,682 (+65.2%), from €11,774 to €19,456
of which Other amounts receivable: +€5,152
- Other debts +€29,024
up €29,024 (+115%), from €25,230 to €54,254
- Trade debts -€15,292
down €15,292 (-64.0%), from €23,900 to €8,608
- Tax, wage and social debts -€14,676
down €14,676 (-90.1%), from €16,296 to €1,619
of which Remuneration and social security: -€13,936
- Profit (loss) carried forward -€10,848
down €10,848 (-27.4%), from €39,613 to €28,765
- Financial income +€29,329
new in 2025: €29,329
- Depreciation -€24,917
down €24,917 (-97.0%), from €25,696 to €779
- Gross operating margin +€22,247
up €22,247 (+40.6%), from -€54,751 to -€32,505
- Other operating charges +€2,447
up €2,447 (+82.0%), from €2,985 to €5,432
- Taxes -€931
down €931 (-73.8%), from €1,261 to €331
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 | €120,038 | €108,246 | -€11,792 | -9.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €50,819 | €862 | -€49,957 | -98.3% |
| Tangible fixed assets | 22/27 | €50,819 | €862 | -€49,957 | -98.3% |
| Furniture and vehicles | 24 | €50,819 | €862 | -€49,957 | -98.3% |
| Current assets | 29/58 | €69,218 | €107,384 | +€38,165 | +55.1% |
| Amounts receivable within one year | 40/41 | €11,774 | €19,456 | +€7,682 | +65.2% |
| Trade receivables | 40 | €11,774 | €14,304 | +€2,530 | +21.5% |
| Other amounts receivable | 41 | - | €5,152 | +€5,152 | |
| Current investments | 50/53 | €1 | - | -€1 | |
| Cash at bank and in hand | 54/58 | €56,945 | €87,927 | +€30,983 | +54.4% |
| Deferred charges and accrued income | 490/1 | €498 | - | -€498 | |
| Total equity and liabilities | 10/49 | €120,038 | €108,246 | -€11,792 | -9.8% |
| Equity | 10/15 | €54,613 | €43,765 | -€10,848 | -19.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,613 | €28,765 | -€10,848 | -27.4% |
| Amounts payable | 17/49 | €65,425 | €64,481 | -€944 | -1.4% |
| Amounts payable within one year | 42/48 | €65,425 | €64,481 | -€944 | -1.4% |
| Trade debts | 44 | €23,900 | €8,608 | -€15,292 | -64.0% |
| Suppliers | 440/4 | €23,900 | €8,608 | -€15,292 | -64.0% |
| Taxes, remuneration and social security | 45 | €16,296 | €1,619 | -€14,676 | -90.1% |
| Taxes | 450/3 | €2,360 | €1,619 | -€741 | -31.4% |
| Remuneration and social security | 454/9 | €13,936 | - | -€13,936 | |
| Other amounts payable | 47/48 | €25,230 | €54,254 | +€29,024 | +115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,696 | €779 | -€24,917 | -97.0% |
| Other operating charges | 640/8 | €2,985 | €5,432 | +€2,447 | +82.0% |
| Gross operating margin | 9900 | -€54,751 | -€32,505 | +€22,247 | +40.6% |
| Operating profit (loss) | 9901 | -€83,433 | -€38,716 | +€44,717 | +53.6% |
| Financial income | 75/76B | - | €29,329 | +€29,329 | |
| Recurring financial income | 75 | - | €29,329 | +€29,329 | |
| Financial charges | 65/66B | €1,100 | €1,130 | +€30 | +2.8% |
| Recurring financial charges | 65 | €1,100 | €1,130 | +€30 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | -€84,533 | -€10,517 | +€74,016 | +87.6% |
| Income taxes | 67/77 | €1,261 | €331 | -€931 | -73.8% |
| Profit (loss) for the period | 9904 | -€85,794 | -€10,848 | +€74,946 | +87.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€85,794 | -€10,848 | +€74,946 | +87.4% |
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 24 October 2026 via checked.be.