NPG GREEN: 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.
NPG GREEN
Largest movements
- Tangible fixed assets -€688,861
down €688,861 (-14.6%), from €4.7m to €4.0m
of which Leasing and similar rights: -€683,356
- Receivables within one year -€61,494
down €61,494 (-11.3%), from €543,920 to €482,426
of which Other amounts receivable: -€69,232
- Debts after one year -€756,004
no longer reported in 2025 (was €756,004)
- Profit (loss) carried forward +€283,009
up €283,009 (+16.0%), from €1.8m to €2.1m
- Current portion of long-term debt -€266,512
down €266,512 (-26.1%), from €1.0m to €756,004
- Tax, wage and social debts +€73,094
up €73,094 (+574%), from €12,737 to €85,831
- Financial charges -€57,598
down €57,598 (-42.5%), from €135,541 to €77,942
- Taxes +€18,094
up €18,094 (+8.5%), from €212,737 to €230,831
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,438,054 | €4,714,379 | -€723,675 | -13.3% |
| Fixed assets | 21/28 | €4,723,533 | €4,034,672 | -€688,861 | -14.6% |
| Tangible fixed assets | 22/27 | €4,723,432 | €4,034,571 | -€688,861 | -14.6% |
| Plant, machinery and equipment | 23 | €38,655 | €33,150 | -€5,505 | -14.2% |
| Leasing and similar rights | 25 | €4,684,778 | €4,001,422 | -€683,356 | -14.6% |
| Financial fixed assets | 28 | €101 | €101 | = | 0.0% |
| Current assets | 29/58 | €714,521 | €679,707 | -€34,814 | -4.9% |
| Amounts receivable within one year | 40/41 | €543,920 | €482,426 | -€61,494 | -11.3% |
| Trade receivables | 40 | €53,979 | €61,717 | +€7,738 | +14.3% |
| Other amounts receivable | 41 | €489,941 | €420,709 | -€69,232 | -14.1% |
| Deferred charges and accrued income | 490/1 | €170,601 | €197,281 | +€26,680 | +15.6% |
| Total equity and liabilities | 10/49 | €5,438,054 | €4,714,379 | -€723,675 | -13.3% |
| Equity | 10/15 | €3,146,245 | €3,429,253 | +€283,009 | +9.0% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Capital | 10 | €1,250,000 | €1,250,000 | = | 0.0% |
| Issued capital | 100 | €1,250,000 | €1,250,000 | = | 0.0% |
| Reserves | 13 | €125,000 | €125,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €125,000 | €125,000 | = | 0.0% |
| Legal reserve | 130 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,771,245 | €2,054,253 | +€283,009 | +16.0% |
| Amounts payable | 17/49 | €2,291,810 | €1,285,126 | -€1.0m | -43.9% |
| Amounts payable after more than one year | 17 | €756,004 | - | -€756,004 | |
| Financial debts | 170/4 | €756,004 | - | -€756,004 | |
| Amounts payable within one year | 42/48 | €1,535,806 | €1,285,126 | -€250,680 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €1,022,516 | €756,004 | -€266,512 | -26.1% |
| Trade debts | 44 | €50,553 | €43,291 | -€7,262 | -14.4% |
| Suppliers | 440/4 | €50,553 | €43,291 | -€7,262 | -14.4% |
| Taxes, remuneration and social security | 45 | €12,737 | €85,831 | +€73,094 | +574% |
| Taxes | 450/3 | €12,737 | €85,831 | +€73,094 | +574% |
| Other amounts payable | 47/48 | €450,000 | €400,000 | -€50,000 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €688,861 | €688,861 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,030 | €1,060 | +€31 | +3.0% |
| Gross operating margin | 9900 | €1,663,268 | €1,675,872 | +€12,604 | +0.8% |
| Operating profit (loss) | 9901 | €973,377 | €985,951 | +€12,573 | +1.3% |
| Financial income | 75/76B | €13,110 | €5,831 | -€7,279 | -55.5% |
| Recurring financial income | 75 | €13,110 | €5,831 | -€7,279 | -55.5% |
| Financial charges | 65/66B | €135,541 | €77,942 | -€57,598 | -42.5% |
| Recurring financial charges | 65 | €135,541 | €77,942 | -€57,598 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | €850,947 | €913,840 | +€62,893 | +7.4% |
| Income taxes | 67/77 | €212,737 | €230,831 | +€18,094 | +8.5% |
| Profit (loss) for the period | 9904 | €638,210 | €683,009 | +€44,798 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €638,210 | €683,009 | +€44,798 | +7.0% |
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 20 October 2026 via checked.be.