NGM Express: 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.
NGM Express
Largest movements
- Cash +€9,219
new in 2025: €9,219
mainly Net result for the year (+€19,453) and Receivables within one year (+€3,995)
- Receivables within one year -€3,995
down €3,995 (-61.5%), from €6,496 to €2,500
- Tangible fixed assets +€1,738
up €1,738 (+23.4%), from €7,437 to €9,175
of which Furniture and vehicles: +€2,087
- Profit (loss) carried forward +€19,453
up €19,453 (+96.1%), from -€20,238 to -€786
- Other debts -€9,940
down €9,940 (-37.6%), from €26,442 to €16,502
- Advances received -€3,806
no longer reported in 2025 (was €3,806)
- Tax, wage and social debts +€2,643
up €2,643 (+4384.7%), from €60 to €2,703
- Trade debts -€1,391
down €1,391 (-74.7%), from €1,862 to €471
- Gross operating margin +€37,807
up €37,807, from -€12,483 to €25,324
- Depreciation -€4,041
down €4,041 (-60.9%), from €6,639 to €2,597
- Financial charges +€2,038
up €2,038 (+582382.9%), from €0 to €2,039
of which Non-recurring financial charges: +€1,879
- Other operating charges +€548
up €548 (+88.0%), from €622 to €1,170
- Staff costs +€404
no longer reported in 2025 (was -€404)
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 | €13,932 | €20,894 | +€6,961 | +50.0% |
| Fixed assets | 21/28 | €7,437 | €9,175 | +€1,738 | +23.4% |
| Tangible fixed assets | 22/27 | €7,437 | €9,175 | +€1,738 | +23.4% |
| Furniture and vehicles | 24 | €4,523 | €6,610 | +€2,087 | +46.1% |
| Other tangible fixed assets | 26 | €2,914 | €2,565 | -€349 | -12.0% |
| Current assets | 29/58 | €6,496 | €11,719 | +€5,223 | +80.4% |
| Amounts receivable within one year | 40/41 | €6,496 | €2,500 | -€3,995 | -61.5% |
| Trade receivables | 40 | €6,496 | €2,500 | -€3,995 | -61.5% |
| Cash at bank and in hand | 54/58 | - | €9,219 | +€9,219 | |
| Total equity and liabilities | 10/49 | €13,932 | €20,894 | +€6,961 | +50.0% |
| Equity | 10/15 | -€18,238 | €1,214 | +€19,453 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,238 | -€786 | +€19,453 | +96.1% |
| Amounts payable | 17/49 | €32,171 | €19,679 | -€12,491 | -38.8% |
| Amounts payable within one year | 42/48 | €32,171 | €19,679 | -€12,491 | -38.8% |
| Financial debts | 43 | €0 | €4 | +€3 | +1725.0% |
| Credit institutions | 430/8 | €0 | €4 | +€3 | +1725.0% |
| Trade debts | 44 | €1,862 | €471 | -€1,391 | -74.7% |
| Suppliers | 440/4 | €1,862 | €471 | -€1,391 | -74.7% |
| Advances received on contracts in progress | 46 | €3,806 | - | -€3,806 | |
| Taxes, remuneration and social security | 45 | €60 | €2,703 | +€2,643 | +4384.7% |
| Taxes | 450/3 | €60 | €2,703 | +€2,643 | +4384.7% |
| Other amounts payable | 47/48 | €26,442 | €16,502 | -€9,940 | -37.6% |
| Remuneration, social security and pensions | 62 | -€404 | - | +€404 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,639 | €2,597 | -€4,041 | -60.9% |
| Other operating charges | 640/8 | €622 | €1,170 | +€548 | +88.0% |
| Gross operating margin | 9900 | -€12,483 | €25,324 | +€37,807 | |
| Operating profit (loss) | 9901 | -€19,340 | €21,557 | +€40,897 | |
| Financial income | 75/76B | - | €151 | +€151 | |
| Recurring financial income | 75 | - | €151 | +€151 | |
| Financial charges | 65/66B | €0 | €2,039 | +€2,038 | +582382.9% |
| Recurring financial charges | 65 | €0 | €159 | +€159 | +45451.4% |
| Non-recurring financial charges | 66B | - | €1,879 | +€1,879 | |
| Profit (loss) for the period before taxes | 9903 | -€19,340 | €19,669 | +€39,009 | |
| Income taxes | 67/77 | - | €216 | +€216 | |
| Profit (loss) for the period | 9904 | -€19,340 | €19,453 | +€38,793 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,340 | €19,453 | +€38,793 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.