NGN TELECOM: 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.
NGN TELECOM
Largest movements
- Receivables within one year +€57,745
up €57,745 (+509%), from €11,341 to €69,086
of which Other amounts receivable: +€32,847
- Cash -€10,672
no longer reported in 2025 (was €10,672)
mainly Receivables within one year (-€57,745) and Deferred charges and accrued income (-€539)
- Tax, wage and social debts +€26,003
up €26,003 (+424%), from €6,128 to €32,131
of which Taxes: +€23,003
- Profit (loss) carried forward +€11,378
up €11,378 (+126%), from €9,031 to €20,409
- Trade debts +€9,034
up €9,034 (+275%), from €3,286 to €12,320
- Gross operating margin +€3,938
up €3,938 (+30.9%), from €12,741 to €16,679
- Taxes +€1,368
up €1,368 (+43.4%), from €3,151 to €4,519
- Financial income +€1,050
up €1,050 (+586%), from €179 to €1,230
- Other operating charges +€462
up €462 (+79.8%), from €578 to €1,040
- Depreciation +€415
up €415 (+481%), from €86 to €501
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 | €23,445 | €70,556 | +€47,111 | +201% |
| Fixed assets | 21/28 | €1,418 | €916 | -€501 | -35.4% |
| Tangible fixed assets | 22/27 | €1,418 | €916 | -€501 | -35.4% |
| Furniture and vehicles | 24 | €1,418 | €916 | -€501 | -35.4% |
| Current assets | 29/58 | €22,027 | €69,640 | +€47,613 | +216% |
| Amounts receivable within one year | 40/41 | €11,341 | €69,086 | +€57,745 | +509% |
| Trade receivables | 40 | €5,075 | €29,973 | +€24,898 | +491% |
| Other amounts receivable | 41 | €6,266 | €39,113 | +€32,847 | +524% |
| Cash at bank and in hand | 54/58 | €10,672 | - | -€10,672 | |
| Deferred charges and accrued income | 490/1 | €14 | €553 | +€539 | +3,811% |
| Total equity and liabilities | 10/49 | €23,445 | €70,556 | +€47,111 | +201% |
| Equity | 10/15 | €14,031 | €25,409 | +€11,378 | +81.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,031 | €20,409 | +€11,378 | +126% |
| Amounts payable | 17/49 | €9,414 | €45,147 | +€35,733 | +380% |
| Amounts payable within one year | 42/48 | €9,414 | €45,147 | +€35,733 | +380% |
| Financial debts | 43 | - | €697 | +€697 | |
| Credit institutions | 430/8 | - | €697 | +€697 | |
| Trade debts | 44 | €3,286 | €12,320 | +€9,034 | +275% |
| Suppliers | 440/4 | €3,286 | €12,320 | +€9,034 | +275% |
| Taxes, remuneration and social security | 45 | €6,128 | €32,131 | +€26,003 | +424% |
| Taxes | 450/3 | €6,128 | €29,131 | +€23,003 | +375% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86 | €501 | +€415 | +481% |
| Other operating charges | 640/8 | €578 | €1,040 | +€462 | +79.8% |
| Gross operating margin | 9900 | €12,741 | €16,679 | +€3,938 | +30.9% |
| Operating profit (loss) | 9901 | €12,077 | €15,138 | +€3,061 | +25.3% |
| Financial income | 75/76B | €179 | €1,230 | +€1,050 | +586% |
| Recurring financial income | 75 | €179 | €1,230 | +€1,050 | +586% |
| Financial charges | 65/66B | €74 | €470 | +€396 | +532% |
| Recurring financial charges | 65 | €74 | €470 | +€396 | +532% |
| Profit (loss) for the period before taxes | 9903 | €12,181 | €15,897 | +€3,716 | +30.5% |
| Income taxes | 67/77 | €3,151 | €4,519 | +€1,368 | +43.4% |
| Profit (loss) for the period | 9904 | €9,031 | €11,378 | +€2,347 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,031 | €11,378 | +€2,347 | +26.0% |
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 16 October 2026 via checked.be.