NGV Constructions: 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.
NGV Constructions
Largest movements
- Tangible fixed assets +€2.7m
up €2.7m (+580%), from €468,240 to €3.2m
of which Land and buildings: +€2.7m
- Cash -€80,226
down €80,226 (-95.6%), from €83,894 to €3,668
mainly Investment in fixed assets (net) (-€2.8m) and Net result for the year (-€88,064)
- Receivables within one year +€53,154
up €53,154 (+72.8%), from €73,011 to €126,165
of which Trade receivables: +€53,970
- Debts after one year +€2.6m
up €2.6m (+410%), from €636,264 to €3.2m
of which Financial debts: +€2.6m
- Other debts +€99,608
up €99,608 (+196%), from €50,938 to €150,546
- Profit (loss) carried forward -€88,064
down €88,064 (-81.3%), from -€108,330 to -€196,395
- Trade debts +€50,808
up €50,808 (+109%), from €46,521 to €97,329
- Gross operating margin +€66,876
up €66,876 (+126%), from €52,948 to €119,825
- Depreciation +€62,427
up €62,427 (+172%), from €36,312 to €98,739
- Financial charges +€53,286
up €53,286 (+299%), from €17,816 to €71,102
of which Financial charges: +€54,272
- Other operating charges +€25,266
up €25,266 (+3,115%), from €811 to €26,077
- Staff costs +€5,237
up €5,237 (+83.1%), from €6,302 to €11,539
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 | €651,069 | €3,339,432 | +€2.7m | +413% |
| Fixed assets | 21/28 | €476,803 | €3,194,405 | +€2.7m | +570% |
| Tangible fixed assets | 22/27 | €468,240 | €3,185,842 | +€2.7m | +580% |
| Land and buildings | 22 | €407,153 | €3,074,437 | +€2.7m | +655% |
| Plant, machinery and equipment | 23 | €46,937 | €105,684 | +€58,747 | +125% |
| Furniture and vehicles | 24 | €14,149 | €5,721 | -€8,428 | -59.6% |
| Financial fixed assets | 28 | €8,563 | €8,563 | = | 0.0% |
| Current assets | 29/58 | €174,266 | €145,027 | -€29,239 | -16.8% |
| Stocks and contracts in progress | 3 | €12,850 | €10,250 | -€2,600 | -20.2% |
| Stocks | 30/36 | €12,850 | €10,250 | -€2,600 | -20.2% |
| Amounts receivable within one year | 40/41 | €73,011 | €126,165 | +€53,154 | +72.8% |
| Trade receivables | 40 | €67,905 | €121,874 | +€53,970 | +79.5% |
| Other amounts receivable | 41 | €5,106 | €4,291 | -€816 | -16.0% |
| Cash at bank and in hand | 54/58 | €83,894 | €3,668 | -€80,226 | -95.6% |
| Deferred charges and accrued income | 490/1 | €4,511 | €4,944 | +€433 | +9.6% |
| Total equity and liabilities | 10/49 | €651,069 | €3,339,432 | +€2.7m | +413% |
| Equity | 10/15 | -€104,830 | -€192,895 | -€88,064 | -84.0% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,330 | -€196,395 | -€88,064 | -81.3% |
| Amounts payable | 17/49 | €755,899 | €3,532,327 | +€2.8m | +367% |
| Amounts payable after more than one year | 17 | €636,264 | €3,242,578 | +€2.6m | +410% |
| Financial debts | 170/4 | €526,829 | €3,116,704 | +€2.6m | +492% |
| Other amounts payable | 178/9 | €109,434 | €125,874 | +€16,440 | +15.0% |
| Amounts payable within one year | 42/48 | €119,636 | €286,499 | +€166,863 | +139% |
| Current portion of amounts payable after more than one year | 42 | €20,739 | €35,117 | +€14,378 | +69.3% |
| Trade debts | 44 | €46,521 | €97,329 | +€50,808 | +109% |
| Suppliers | 440/4 | €46,521 | €97,329 | +€50,808 | +109% |
| Taxes, remuneration and social security | 45 | €1,438 | €3,506 | +€2,069 | +144% |
| Taxes | 450/3 | - | €377 | +€377 | |
| Remuneration and social security | 454/9 | €1,438 | €3,129 | +€1,692 | +118% |
| Other amounts payable | 47/48 | €50,938 | €150,546 | +€99,608 | +196% |
| Accrued charges and deferred income | 492/3 | - | €3,250 | +€3,250 | |
| Non-recurring operating income | 76A | - | €1,632 | +€1,632 | |
| Remuneration, social security and pensions | 62 | €6,302 | €11,539 | +€5,237 | +83.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,312 | €98,739 | +€62,427 | +172% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €500 | +€500 | |
| Other operating charges | 640/8 | €811 | €26,077 | +€25,266 | +3,115% |
| Gross operating margin | 9900 | €52,948 | €119,825 | +€66,876 | +126% |
| Operating profit (loss) | 9901 | €9,523 | -€17,031 | -€26,554 | |
| Financial income | 75/76B | €0 | €68 | +€68 | +97,700% |
| Recurring financial income | 75 | €0 | €68 | +€68 | +97,700% |
| Financial charges | 65/66B | €17,816 | €71,102 | +€53,286 | +299% |
| Recurring financial charges | 65 | €16,447 | €70,719 | +€54,272 | +330% |
| Non-recurring financial charges | 66B | €1,369 | €383 | -€986 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,293 | -€88,064 | -€79,771 | -962% |
| Profit (loss) for the period | 9904 | -€8,293 | -€88,064 | -€79,771 | -962% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,293 | -€88,064 | -€79,771 | -962% |
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 14 October 2026 via checked.be.