NRG GROUP: 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.
NRG GROUP
Largest movements
- Deferred charges and accrued income +€25,676
up €25,676 (+724%), from €3,546 to €29,221
- Receivables within one year +€8,237
up €8,237 (+43.4%), from €18,973 to €27,209
of which Trade receivables: +€8,103
- Tangible fixed assets -€5,306
down €5,306 (-23.5%), from €22,578 to €17,272
- Trade debts +€32,875
up €32,875 (+1,885%), from €1,744 to €34,619
- Tax, wage and social debts +€21,421
up €21,421 (+466%), from €4,595 to €26,016
of which Taxes: +€11,079
- Accrued charges and deferred income -€21,094
down €21,094 (-92.4%), from €22,835 to €1,741
- Debts after one year -€8,027
down €8,027 (-65.9%), from €12,179 to €4,152
- Other debts +€2,995
up €2,995 (+2,164%), from €138 to €3,133
- Gross operating margin +€99,700
up €99,700 (+428%), from €23,294 to €122,995
- Staff costs +€86,492
up €86,492 (+327%), from €26,418 to €112,910
- Financial income -€3,545
down €3,545 (-100.0%), from €3,546 to €1
- Depreciation +€2,641
up €2,641 (+58.2%), from €4,535 to €7,175
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 | €49,798 | €78,863 | +€29,064 | +58.4% |
| Formation expenses | 20 | €133 | €0 | -€133 | -100% |
| Fixed assets | 21/28 | €22,578 | €17,272 | -€5,306 | -23.5% |
| Tangible fixed assets | 22/27 | €22,578 | €17,272 | -€5,306 | -23.5% |
| Furniture and vehicles | 24 | €22,578 | €17,272 | -€5,306 | -23.5% |
| Current assets | 29/58 | €27,088 | €61,591 | +€34,503 | +127% |
| Amounts receivable within one year | 40/41 | €18,973 | €27,209 | +€8,237 | +43.4% |
| Trade receivables | 40 | €18,973 | €27,076 | +€8,103 | +42.7% |
| Other amounts receivable | 41 | - | €133 | +€133 | |
| Cash at bank and in hand | 54/58 | €4,570 | €5,161 | +€591 | +12.9% |
| Deferred charges and accrued income | 490/1 | €3,546 | €29,221 | +€25,676 | +724% |
| Total equity and liabilities | 10/49 | €49,798 | €78,863 | +€29,064 | +58.4% |
| Equity | 10/15 | €637 | €1,174 | +€538 | +84.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,363 | -€4,826 | +€538 | +10.0% |
| Amounts payable | 17/49 | €49,162 | €77,689 | +€28,527 | +58.0% |
| Amounts payable after more than one year | 17 | €12,179 | €4,152 | -€8,027 | -65.9% |
| Financial debts | 170/4 | €12,179 | €4,152 | -€8,027 | -65.9% |
| Amounts payable within one year | 42/48 | €14,148 | €71,795 | +€57,648 | +407% |
| Current portion of amounts payable after more than one year | 42 | €7,670 | €8,027 | +€357 | +4.7% |
| Trade debts | 44 | €1,744 | €34,619 | +€32,875 | +1,885% |
| Suppliers | 440/4 | €1,744 | €34,619 | +€32,875 | +1,885% |
| Taxes, remuneration and social security | 45 | €4,595 | €26,016 | +€21,421 | +466% |
| Taxes | 450/3 | €3,099 | €14,178 | +€11,079 | +358% |
| Remuneration and social security | 454/9 | €1,496 | €11,839 | +€10,342 | +691% |
| Other amounts payable | 47/48 | €138 | €3,133 | +€2,995 | +2,164% |
| Accrued charges and deferred income | 492/3 | €22,835 | €1,741 | -€21,094 | -92.4% |
| Remuneration, social security and pensions | 62 | €26,418 | €112,910 | +€86,492 | +327% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,535 | €7,175 | +€2,641 | +58.2% |
| Other operating charges | 640/8 | €480 | €555 | +€75 | +15.6% |
| Gross operating margin | 9900 | €23,294 | €122,995 | +€99,700 | +428% |
| Operating profit (loss) | 9901 | -€8,138 | €2,355 | +€10,493 | |
| Financial income | 75/76B | €3,546 | €1 | -€3,545 | -100.0% |
| Recurring financial income | 75 | €3,546 | €1 | -€3,545 | -100.0% |
| Financial charges | 65/66B | €706 | €1,709 | +€1,003 | +142% |
| Recurring financial charges | 65 | €706 | €1,709 | +€1,003 | +142% |
| Profit (loss) for the period before taxes | 9903 | -€5,299 | €647 | +€5,946 | |
| Income taxes | 67/77 | €64 | €110 | +€45 | +70.2% |
| Profit (loss) for the period | 9904 | -€5,363 | €538 | +€5,901 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,363 | €538 | +€5,901 |
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 27 October 2026 via checked.be.