NGO & CO: 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.
NGO & CO
Largest movements
- Tangible fixed assets +€433,307
up €433,307 (+51,714%), from €838 to €434,145
of which Land and buildings: +€429,223
- Current investments +€96,343
up €96,343 (+161%), from €60,000 to €156,343
- Receivables within one year +€20,540
up €20,540 (+102%), from €20,067 to €40,606
- Cash -€10,243
down €10,243 (-11.3%), from €90,665 to €80,422
mainly Investment in fixed assets (net) (-€477,477) and Current investments (-€96,343)
- Debts after one year +€404,165
new in 2025: €404,165
of which Financial debts: +€354,165
- Profit (loss) carried forward +€117,348
up €117,348 (+137%), from €85,539 to €202,887
- Other debts -€43,580
down €43,580 (-97.3%), from €44,780 to €1,200
- Tax, wage and social debts +€31,505
up €31,505 (+86.9%), from €36,235 to €67,740
- Current portion of long-term debt +€28,143
new in 2025: €28,143
- Gross operating margin +€97,675
up €97,675 (+88.1%), from €110,880 to €208,555
- Depreciation +€44,008
up €44,008 (+27,147%), from €162 to €44,170
- Taxes +€10,993
up €10,993 (+45.8%), from €24,016 to €35,009
- Financial charges +€7,965
up €7,965 (+266%), from €2,990 to €10,955
- Financial income +€2,724
new in 2025: €2,724
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 | €174,969 | €713,473 | +€538,504 | +308% |
| Fixed assets | 21/28 | €2,638 | €435,945 | +€433,307 | +16,426% |
| Tangible fixed assets | 22/27 | €838 | €434,145 | +€433,307 | +51,714% |
| Land and buildings | 22 | - | €429,223 | +€429,223 | |
| Furniture and vehicles | 24 | €838 | €4,922 | +€4,084 | +487% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €172,331 | €277,528 | +€105,197 | +61.0% |
| Amounts receivable within one year | 40/41 | €20,067 | €40,606 | +€20,540 | +102% |
| Trade receivables | 40 | €20,067 | €40,606 | +€20,540 | +102% |
| Current investments | 50/53 | €60,000 | €156,343 | +€96,343 | +161% |
| Cash at bank and in hand | 54/58 | €90,665 | €80,422 | -€10,243 | -11.3% |
| Deferred charges and accrued income | 490/1 | €1,600 | €157 | -€1,443 | -90.2% |
| Total equity and liabilities | 10/49 | €174,969 | €713,473 | +€538,504 | +308% |
| Equity | 10/15 | €87,539 | €204,887 | +€117,348 | +134% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,539 | €202,887 | +€117,348 | +137% |
| Amounts payable | 17/49 | €87,431 | €508,586 | +€421,156 | +482% |
| Amounts payable after more than one year | 17 | - | €404,165 | +€404,165 | |
| Financial debts | 170/4 | - | €354,165 | +€354,165 | |
| Other amounts payable | 178/9 | - | €50,000 | +€50,000 | |
| Amounts payable within one year | 42/48 | €87,431 | €102,814 | +€15,383 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | - | €28,143 | +€28,143 | |
| Trade debts | 44 | €6,415 | €5,732 | -€684 | -10.7% |
| Suppliers | 440/4 | €6,415 | €5,732 | -€684 | -10.7% |
| Taxes, remuneration and social security | 45 | €36,235 | €67,740 | +€31,505 | +86.9% |
| Taxes | 450/3 | €36,235 | €67,740 | +€31,505 | +86.9% |
| Other amounts payable | 47/48 | €44,780 | €1,200 | -€43,580 | -97.3% |
| Accrued charges and deferred income | 492/3 | - | €1,608 | +€1,608 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162 | €44,170 | +€44,008 | +27,147% |
| Other operating charges | 640/8 | €627 | €2,964 | +€2,337 | +373% |
| Gross operating margin | 9900 | €110,880 | €208,555 | +€97,675 | +88.1% |
| Operating profit (loss) | 9901 | €110,091 | €161,421 | +€51,330 | +46.6% |
| Financial income | 75/76B | - | €2,724 | +€2,724 | |
| Recurring financial income | 75 | - | €2,724 | +€2,724 | |
| Financial charges | 65/66B | €2,990 | €10,955 | +€7,965 | +266% |
| Recurring financial charges | 65 | €2,990 | €10,955 | +€7,965 | +266% |
| Profit (loss) for the period before taxes | 9903 | €107,101 | €153,190 | +€46,089 | +43.0% |
| Income taxes | 67/77 | €24,016 | €35,009 | +€10,993 | +45.8% |
| Profit (loss) for the period | 9904 | €83,084 | €118,181 | +€35,097 | +42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €83,084 | €118,181 | +€35,097 | +42.2% |
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 17 October 2026 via checked.be.