NPCG: 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.
NPCG
Largest movements
- Financial fixed assets +€1.2m
new in 2025: €1.2m
- Receivables within one year +€91,093
up €91,093 (+86.2%), from €105,733 to €196,826
of which Other amounts receivable: +€181,843
- Cash +€23,185
up €23,185 (+83.1%), from €27,890 to €51,075
mainly Debts after one year (+€968,951) and Net result for the year (+€111,237)
- Debts after one year +€968,951
new in 2025: €968,951
- Profit (loss) carried forward +€111,237
up €111,237 (+109.5%), from €101,560 to €212,796
- Current portion of long-term debt +€106,133
new in 2025: €106,133
- Other debts +€48,449
up €48,449 (+1432.1%), from €3,383 to €51,833
- Tax, wage and social debts +€36,553
up €36,553 (+72.1%), from €50,704 to €87,257
- Gross operating margin +€80,917
up €80,917 (+72.0%), from €112,406 to €193,323
- Financial charges +€24,995
up €24,995 (+33960.1%), from €74 to €25,068
- Taxes +€13,400
up €13,400 (+44.7%), from €29,990 to €43,390
- Depreciation -€6,225
down €6,225 (-53.3%), from €11,687 to €5,462
- Other operating charges +€5,221
up €5,221 (+126.3%), from €4,132 to €9,353
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 | €157,862 | €1,428,971 | +€1.3m | +805.2% |
| Fixed assets | 21/28 | €24,239 | €1,181,070 | +€1.2m | +4772.6% |
| Tangible fixed assets | 22/27 | €24,239 | €18,777 | -€5,462 | -22.5% |
| Furniture and vehicles | 24 | €24,239 | €18,777 | -€5,462 | -22.5% |
| Financial fixed assets | 28 | - | €1,162,292 | +€1.2m | |
| Current assets | 29/58 | €133,623 | €247,901 | +€114,278 | +85.5% |
| Amounts receivable within one year | 40/41 | €105,733 | €196,826 | +€91,093 | +86.2% |
| Trade receivables | 40 | €90,750 | - | -€90,750 | |
| Other amounts receivable | 41 | €14,983 | €196,826 | +€181,843 | +1213.7% |
| Cash at bank and in hand | 54/58 | €27,890 | €51,075 | +€23,185 | +83.1% |
| Total equity and liabilities | 10/49 | €157,862 | €1,428,971 | +€1.3m | +805.2% |
| Equity | 10/15 | €103,560 | €214,796 | +€111,237 | +107.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,560 | €212,796 | +€111,237 | +109.5% |
| Amounts payable | 17/49 | €54,303 | €1,214,174 | +€1.2m | +2135.9% |
| Amounts payable after more than one year | 17 | - | €968,951 | +€968,951 | |
| Financial debts | 170/4 | - | €968,951 | +€968,951 | |
| Amounts payable within one year | 42/48 | €54,303 | €245,223 | +€190,920 | +351.6% |
| Current portion of amounts payable after more than one year | 42 | - | €106,133 | +€106,133 | |
| Trade debts | 44 | €215 | - | -€215 | |
| Suppliers | 440/4 | €215 | - | -€215 | |
| Taxes, remuneration and social security | 45 | €50,704 | €87,257 | +€36,553 | +72.1% |
| Taxes | 450/3 | €50,704 | €87,257 | +€36,553 | +72.1% |
| Other amounts payable | 47/48 | €3,383 | €51,833 | +€48,449 | +1432.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,687 | €5,462 | -€6,225 | -53.3% |
| Other operating charges | 640/8 | €4,132 | €9,353 | +€5,221 | +126.3% |
| Gross operating margin | 9900 | €112,406 | €193,323 | +€80,917 | +72.0% |
| Operating profit (loss) | 9901 | €96,587 | €178,509 | +€81,922 | +84.8% |
| Financial income | 75/76B | - | €1,186 | +€1,186 | |
| Recurring financial income | 75 | - | €1,186 | +€1,186 | |
| Financial charges | 65/66B | €74 | €25,068 | +€24,995 | +33960.1% |
| Recurring financial charges | 65 | €74 | €25,068 | +€24,995 | +33960.1% |
| Profit (loss) for the period before taxes | 9903 | €96,514 | €154,627 | +€58,113 | +60.2% |
| Income taxes | 67/77 | €29,990 | €43,390 | +€13,400 | +44.7% |
| Profit (loss) for the period | 9904 | €66,524 | €111,237 | +€44,713 | +67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €66,524 | €111,237 | +€44,713 | +67.2% |
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 11 October 2026 via checked.be.