NGN: 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.
NGN
Largest movements
- Receivables within one year -€319,674
down €319,674 (-78.7%), from €406,259 to €86,586
of which Trade receivables: -€302,805
- Financial fixed assets +€22,000
new in 2024: €22,000
- Stocks and contracts +€10,000
new in 2024: €10,000
- Cash +€8,825
up €8,825 (+35.9%), from €24,610 to €33,435
mainly Receivables within one year (+€319,674) and Tax, wage and social debts (+€14,643)
- Tangible fixed assets -€8,484
down €8,484 (-23.7%), from €35,792 to €27,308
of which Plant, machinery and equipment: -€6,027
- Trade debts -€284,844
down €284,844 (-94.4%), from €301,638 to €16,793
- Other debts -€15,000
no longer reported in 2024 (was €15,000)
- Tax, wage and social debts +€14,643
up €14,643 (+38.8%), from €37,742 to €52,386
of which Taxes: +€15,817
- Current portion of long-term debt -€5,923
down €5,923 (-32.9%), from €18,000 to €12,077
- Turnover -€127,841
down €127,841 (-15.5%), from €824,893 to €697,052
- Purchases and services -€60,723
down €60,723 (-10.0%), from €605,549 to €544,826
- Gross operating margin -€51,413
down €51,413 (-23.4%), from €219,545 to €168,132
- Staff costs +€21,287
up €21,287 (+20.9%), from €101,845 to €123,132
- Taxes -€15,532
down €15,532 (-78.7%), from €19,737 to €4,205
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €467,349 | €179,329 | -€288,020 | -61.6% |
| Fixed assets | 21/28 | €36,366 | €49,308 | +€12,942 | +35.6% |
| Intangible fixed assets | 21 | €574 | - | -€574 | |
| Tangible fixed assets | 22/27 | €35,792 | €27,308 | -€8,484 | -23.7% |
| Plant, machinery and equipment | 23 | €19,605 | €13,578 | -€6,027 | -30.7% |
| Furniture and vehicles | 24 | €2,823 | €2,488 | -€335 | -11.9% |
| Other tangible fixed assets | 26 | €13,363 | €11,242 | -€2,121 | -15.9% |
| Financial fixed assets | 28 | - | €22,000 | +€22,000 | |
| Current assets | 29/58 | €430,983 | €130,021 | -€300,962 | -69.8% |
| Stocks and contracts in progress | 3 | - | €10,000 | +€10,000 | |
| Stocks | 30/36 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €406,259 | €86,586 | -€319,674 | -78.7% |
| Trade receivables | 40 | €305,805 | €3,000 | -€302,805 | -99.0% |
| Other amounts receivable | 41 | €100,454 | €83,586 | -€16,868 | -16.8% |
| Cash at bank and in hand | 54/58 | €24,610 | €33,435 | +€8,825 | +35.9% |
| Deferred charges and accrued income | 490/1 | €114 | - | -€114 | |
| Total equity and liabilities | 10/49 | €467,349 | €179,329 | -€288,020 | -61.6% |
| Equity | 10/15 | €94,969 | €98,072 | +€3,104 | +3.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,469 | €97,572 | +€3,104 | +3.3% |
| Amounts payable | 17/49 | €372,380 | €81,256 | -€291,124 | -78.2% |
| Amounts payable within one year | 42/48 | €372,380 | €81,256 | -€291,124 | -78.2% |
| Current portion of amounts payable after more than one year | 42 | €18,000 | €12,077 | -€5,923 | -32.9% |
| Trade debts | 44 | €301,638 | €16,793 | -€284,844 | -94.4% |
| Suppliers | 440/4 | €301,638 | €16,793 | -€284,844 | -94.4% |
| Taxes, remuneration and social security | 45 | €37,742 | €52,386 | +€14,643 | +38.8% |
| Taxes | 450/3 | €36,568 | €52,386 | +€15,817 | +43.3% |
| Remuneration and social security | 454/9 | €1,174 | - | -€1,174 | |
| Other amounts payable | 47/48 | €15,000 | - | -€15,000 | |
| Turnover | 70 | €824,893 | €697,052 | -€127,841 | -15.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €605,549 | €544,826 | -€60,723 | -10.0% |
| Remuneration, social security and pensions | 62 | €101,845 | €123,132 | +€21,287 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,878 | €12,188 | +€310 | +2.6% |
| Other operating charges | 640/8 | €5,052 | €18,603 | +€13,551 | +268.2% |
| Gross operating margin | 9900 | €219,545 | €168,132 | -€51,413 | -23.4% |
| Operating profit (loss) | 9901 | €100,771 | €14,209 | -€86,562 | -85.9% |
| Financial income | 75/76B | - | €37 | +€37 | |
| Recurring financial income | 75 | - | €37 | +€37 | |
| Financial charges | 65/66B | €6,156 | €6,937 | +€781 | +12.7% |
| Recurring financial charges | 65 | €6,156 | €6,937 | +€781 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €94,615 | €7,309 | -€87,306 | -92.3% |
| Income taxes | 67/77 | €19,737 | €4,205 | -€15,532 | -78.7% |
| Profit (loss) for the period | 9904 | €74,877 | €3,104 | -€71,774 | -95.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,877 | €3,104 | -€71,774 | -95.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.