NGM E-PARK: 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 E-PARK
Largest movements
- Tangible fixed assets -€131,877
down €131,877 (-25.7%), from €514,116 to €382,239
of which Plant, machinery and equipment: -€99,852
- Intangible fixed assets +€48,000
new in 2025: €48,000
- Cash +€16,199
up €16,199 (+100.5%), from €16,116 to €32,316
mainly Depreciation (+€143,710) and Trade debts (+€41,185)
- Receivables within one year -€11,733
down €11,733 (-61.1%), from €19,202 to €7,469
of which Trade receivables: -€9,241
- Deferred charges and accrued income -€7,048
down €7,048 (-89.9%), from €7,844 to €796
- Profit (loss) carried forward -€104,455
down €104,455 (-24.5%), from -€426,822 to -€531,277
- Other debts -€41,650
down €41,650 (-12.0%), from €348,270 to €306,620
- Trade debts +€41,185
up €41,185 (+112.6%), from €36,572 to €77,757
- Tax, wage and social debts +€22,705
up €22,705 (+61.3%), from €37,045 to €59,751
of which Remuneration and social security: +€20,116
- Depreciation +€12,746
up €12,746 (+9.7%), from €130,964 to €143,710
- Gross operating margin +€7,735
up €7,735 (+3.7%), from €211,657 to €219,392
- Staff costs -€5,202
down €5,202 (-2.9%), from €180,743 to €175,541
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 | €557,546 | €471,088 | -€86,458 | -15.5% |
| Fixed assets | 21/28 | €514,384 | €430,507 | -€83,877 | -16.3% |
| Intangible fixed assets | 21 | - | €48,000 | +€48,000 | |
| Tangible fixed assets | 22/27 | €514,116 | €382,239 | -€131,877 | -25.7% |
| Land and buildings | 22 | €3,796 | - | -€3,796 | |
| Plant, machinery and equipment | 23 | €241,973 | €142,120 | -€99,852 | -41.3% |
| Furniture and vehicles | 24 | €968 | €335 | -€633 | -65.4% |
| Other tangible fixed assets | 26 | €267,379 | €239,784 | -€27,594 | -10.3% |
| Financial fixed assets | 28 | €268 | €268 | = | 0.0% |
| Current assets | 29/58 | €43,162 | €40,581 | -€2,581 | -6.0% |
| Amounts receivable within one year | 40/41 | €19,202 | €7,469 | -€11,733 | -61.1% |
| Trade receivables | 40 | €14,946 | €5,705 | -€9,241 | -61.8% |
| Other amounts receivable | 41 | €4,256 | €1,764 | -€2,492 | -58.5% |
| Cash at bank and in hand | 54/58 | €16,116 | €32,316 | +€16,199 | +100.5% |
| Deferred charges and accrued income | 490/1 | €7,844 | €796 | -€7,048 | -89.9% |
| Total equity and liabilities | 10/49 | €557,546 | €471,088 | -€86,458 | -15.5% |
| Equity | 10/15 | -€406,822 | -€511,277 | -€104,455 | -25.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€426,822 | -€531,277 | -€104,455 | -24.5% |
| Amounts payable | 17/49 | €964,368 | €982,365 | +€17,997 | +1.9% |
| Amounts payable after more than one year | 17 | €538,236 | €538,236 | = | 0.0% |
| Financial debts | 170/4 | €538,236 | €538,236 | = | 0.0% |
| Amounts payable within one year | 42/48 | €426,132 | €444,128 | +€17,997 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €4,244 | - | -€4,244 | |
| Trade debts | 44 | €36,572 | €77,757 | +€41,185 | +112.6% |
| Suppliers | 440/4 | €36,572 | €77,757 | +€41,185 | +112.6% |
| Taxes, remuneration and social security | 45 | €37,045 | €59,751 | +€22,705 | +61.3% |
| Taxes | 450/3 | €2,650 | €5,239 | +€2,590 | +97.7% |
| Remuneration and social security | 454/9 | €34,396 | €54,511 | +€20,116 | +58.5% |
| Other amounts payable | 47/48 | €348,270 | €306,620 | -€41,650 | -12.0% |
| Remuneration, social security and pensions | 62 | €180,743 | €175,541 | -€5,202 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,964 | €143,710 | +€12,746 | +9.7% |
| Other operating charges | 640/8 | €507 | €711 | +€204 | +40.2% |
| Non-recurring operating charges | 66A | - | €167 | +€167 | |
| Gross operating margin | 9900 | €211,657 | €219,392 | +€7,735 | +3.7% |
| Operating profit (loss) | 9901 | -€100,557 | -€100,736 | -€179 | -0.2% |
| Financial income | 75/76B | €0 | €192 | +€192 | +960900.0% |
| Recurring financial income | 75 | €0 | €192 | +€192 | +960900.0% |
| Financial charges | 65/66B | €2,221 | €3,911 | +€1,690 | +76.1% |
| Recurring financial charges | 65 | €2,221 | €3,011 | +€790 | +35.6% |
| Non-recurring financial charges | 66B | - | €900 | +€900 | |
| Profit (loss) for the period before taxes | 9903 | -€102,778 | -€104,455 | -€1,677 | -1.6% |
| Profit (loss) for the period | 9904 | -€102,778 | -€104,455 | -€1,677 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€102,778 | -€104,455 | -€1,677 | -1.6% |
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 12 October 2026 via checked.be.