NRG Consult: what changed
Two fiscal 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.
NRG Consult
Largest movements
- Tangible fixed assets -€39,803
down €39,803 (-7.0%), from €570,976 to €531,173
- Cash +€7,577
up €7,577 (+61.8%), from €12,254 to €19,831
mainly Depreciation (+€21,443) and Investment in fixed assets (net) (+€18,360)
- Debts after one year -€29,373
down €29,373 (-7.1%), from €414,240 to €384,867
- Accrued charges and deferred income -€12,682
no longer reported in 2025 (was €12,682)
- Tax, wage and social debts +€7,433
up €7,433 (+42.5%), from €17,480 to €24,913
- Taxes +€5,233
up €5,233 (+66.6%), from €7,856 to €13,089
- Financial charges -€3,628
down €3,628 (-22.7%), from €16,005 to €12,377
- Other operating charges -€3,166
down €3,166 (-30.1%), from €10,516 to €7,350
- Gross operating margin -€2,527
down €2,527 (-3.8%), from €65,907 to €63,380
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 | €741,287 | €709,913 | -€31,374 | -4.2% |
| Fixed assets | 21/28 | €570,976 | €531,173 | -€39,803 | -7.0% |
| Tangible fixed assets | 22/27 | €570,976 | €531,173 | -€39,803 | -7.0% |
| Land and buildings | 22 | €546,535 | €527,287 | -€19,248 | -3.5% |
| Furniture and vehicles | 24 | €4,881 | €2,686 | -€2,195 | -45.0% |
| Other tangible fixed assets | 26 | €19,560 | €1,200 | -€18,360 | -93.9% |
| Current assets | 29/58 | €170,311 | €178,740 | +€8,429 | +4.9% |
| Amounts receivable after more than one year | 29 | €41,992 | €41,993 | +€1 | 0.0% |
| Other amounts receivable | 291 | €41,992 | €41,993 | +€1 | 0.0% |
| Amounts receivable within one year | 40/41 | €115,320 | €116,247 | +€927 | +0.8% |
| Trade receivables | 40 | €67,269 | €72,421 | +€5,152 | +7.7% |
| Other amounts receivable | 41 | €48,051 | €43,826 | -€4,225 | -8.8% |
| Cash at bank and in hand | 54/58 | €12,254 | €19,831 | +€7,577 | +61.8% |
| Deferred charges and accrued income | 490/1 | €745 | €669 | -€76 | -10.2% |
| Total equity and liabilities | 10/49 | €741,287 | €709,913 | -€31,374 | -4.2% |
| Equity | 10/15 | €254,025 | €258,236 | +€4,211 | +1.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €235,475 | €239,686 | +€4,211 | +1.8% |
| Tax-exempt reserves | 132 | €31,200 | €10,200 | -€21,000 | -67.3% |
| Distributable reserves | 133 | €204,275 | €229,486 | +€25,211 | +12.3% |
| Amounts payable | 17/49 | €487,262 | €451,677 | -€35,585 | -7.3% |
| Amounts payable after more than one year | 17 | €414,240 | €384,867 | -€29,373 | -7.1% |
| Financial debts | 170/4 | €414,240 | €384,867 | -€29,373 | -7.1% |
| Amounts payable within one year | 42/48 | €60,340 | €66,810 | +€6,470 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €35,253 | €32,899 | -€2,354 | -6.7% |
| Trade debts | 44 | €7,607 | €8,998 | +€1,391 | +18.3% |
| Suppliers | 440/4 | €7,607 | €8,998 | +€1,391 | +18.3% |
| Taxes, remuneration and social security | 45 | €17,480 | €24,913 | +€7,433 | +42.5% |
| Taxes | 450/3 | €17,480 | €24,913 | +€7,433 | +42.5% |
| Accrued charges and deferred income | 492/3 | €12,682 | - | -€12,682 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,051 | €21,443 | -€608 | -2.8% |
| Other operating charges | 640/8 | €10,516 | €7,350 | -€3,166 | -30.1% |
| Non-recurring operating charges | 66A | - | €6,360 | +€6,360 | |
| Gross operating margin | 9900 | €65,907 | €63,380 | -€2,527 | -3.8% |
| Operating profit (loss) | 9901 | €33,340 | €28,227 | -€5,113 | -15.3% |
| Financial income | 75/76B | €1,864 | €1,450 | -€414 | -22.2% |
| Recurring financial income | 75 | €1,864 | €1,450 | -€414 | -22.2% |
| Financial charges | 65/66B | €16,005 | €12,377 | -€3,628 | -22.7% |
| Recurring financial charges | 65 | €16,005 | €12,377 | -€3,628 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €19,199 | €17,300 | -€1,899 | -9.9% |
| Income taxes | 67/77 | €7,856 | €13,089 | +€5,233 | +66.6% |
| Profit (loss) for the period | 9904 | €11,343 | €4,211 | -€7,132 | -62.9% |
| Transfer from tax-exempt reserves | 789 | - | €21,000 | +€21,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,343 | €25,211 | +€13,868 | +122.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.