NGS CONSTRUCT: 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.
NGS CONSTRUCT
Largest movements
- Receivables within one year -€140,180
down €140,180 (-61.3%), from €228,731 to €88,551
of which Trade receivables: -€141,297
- Tangible fixed assets -€8,937
down €8,937 (-8.9%), from €100,696 to €91,759
of which Plant, machinery and equipment: -€13,443
- Stocks and contracts -€7,304
down €7,304 (-48.7%), from €15,000 to €7,696
- Deferred charges and accrued income -€4,914
down €4,914 (-84.0%), from €5,850 to €936
- Trade debts -€129,726
down €129,726 (-68.4%), from €189,767 to €60,041
- Debts after one year -€27,546
down €27,546 (-34.2%), from €80,490 to €52,944
of which Financial debts: -€21,623
- Tax, wage and social debts -€22,866
down €22,866 (-70.1%), from €32,623 to €9,757
of which Taxes: -€17,755
- Other debts +€20,000
new in 2025: €20,000
- Staff costs -€60,197
down €60,197 (-54.3%), from €110,811 to €50,614
- Gross operating margin -€9,882
down €9,882 (-8.6%), from €115,029 to €105,146
- Depreciation +€8,425
up €8,425 (+40.1%), from €21,005 to €29,430
- Taxes +€1,968
up €1,968, from -€1,399 to €569
- Financial charges +€1,533
up €1,533 (+66.1%), from €2,318 to €3,851
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 | €378,191 | €220,211 | -€157,980 | -41.8% |
| Fixed assets | 21/28 | €100,696 | €91,759 | -€8,937 | -8.9% |
| Tangible fixed assets | 22/27 | €100,696 | €91,759 | -€8,937 | -8.9% |
| Plant, machinery and equipment | 23 | €38,316 | €24,873 | -€13,443 | -35.1% |
| Furniture and vehicles | 24 | €62,380 | €66,886 | +€4,506 | +7.2% |
| Current assets | 29/58 | €277,495 | €128,452 | -€149,043 | -53.7% |
| Stocks and contracts in progress | 3 | €15,000 | €7,696 | -€7,304 | -48.7% |
| Stocks | 30/36 | €15,000 | €7,696 | -€7,304 | -48.7% |
| Amounts receivable within one year | 40/41 | €228,731 | €88,551 | -€140,180 | -61.3% |
| Trade receivables | 40 | €227,938 | €86,640 | -€141,297 | -62.0% |
| Other amounts receivable | 41 | €793 | €1,910 | +€1,117 | +140.8% |
| Cash at bank and in hand | 54/58 | €27,915 | €31,269 | +€3,354 | +12.0% |
| Deferred charges and accrued income | 490/1 | €5,850 | €936 | -€4,914 | -84.0% |
| Total equity and liabilities | 10/49 | €378,191 | €220,211 | -€157,980 | -41.8% |
| Equity | 10/15 | €53,691 | €53,889 | +€199 | +0.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,691 | €11,889 | +€199 | +1.7% |
| Amounts payable | 17/49 | €324,500 | €166,321 | -€158,179 | -48.7% |
| Amounts payable after more than one year | 17 | €80,490 | €52,944 | -€27,546 | -34.2% |
| Financial debts | 170/4 | €58,590 | €36,967 | -€21,623 | -36.9% |
| Other amounts payable | 178/9 | €21,900 | €15,976 | -€5,924 | -27.0% |
| Amounts payable within one year | 42/48 | €244,010 | €112,655 | -€131,356 | -53.8% |
| Current portion of amounts payable after more than one year | 42 | €21,620 | €22,857 | +€1,237 | +5.7% |
| Trade debts | 44 | €189,767 | €60,041 | -€129,726 | -68.4% |
| Suppliers | 440/4 | €189,767 | €60,041 | -€129,726 | -68.4% |
| Taxes, remuneration and social security | 45 | €32,623 | €9,757 | -€22,866 | -70.1% |
| Taxes | 450/3 | €21,487 | €3,731 | -€17,755 | -82.6% |
| Remuneration and social security | 454/9 | €11,136 | €6,026 | -€5,110 | -45.9% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Accrued charges and deferred income | 492/3 | - | €723 | +€723 | |
| Remuneration, social security and pensions | 62 | €110,811 | €50,614 | -€60,197 | -54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,005 | €29,430 | +€8,425 | +40.1% |
| Other operating charges | 640/8 | €598 | €538 | -€60 | -10.0% |
| Gross operating margin | 9900 | €115,029 | €105,146 | -€9,882 | -8.6% |
| Operating profit (loss) | 9901 | -€17,385 | €24,564 | +€41,950 | |
| Financial income | 75/76B | €3 | €54 | +€51 | +1565.4% |
| Recurring financial income | 75 | €3 | €54 | +€51 | +1565.4% |
| Financial charges | 65/66B | €2,318 | €3,851 | +€1,533 | +66.1% |
| Recurring financial charges | 65 | €2,318 | €3,851 | +€1,533 | +66.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,700 | €20,768 | +€40,468 | |
| Income taxes | 67/77 | -€1,399 | €569 | +€1,968 | |
| Profit (loss) for the period | 9904 | -€18,301 | €20,199 | +€38,500 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,301 | €20,199 | +€38,500 |
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 11 October 2026 via checked.be.