NRGP: 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.
NRGP
Largest movements
- Cash +€80,868
up €80,868 (+97.4%), from €83,027 to €163,895
mainly Net result for the year (+€78,684) and Tax, wage and social debts (+€23,455)
- Tangible fixed assets +€14,131
up €14,131 (+59.6%), from €23,725 to €37,856
of which Assets under construction and advance payments: +€21,075
- Receivables within one year +€5,813
up €5,813 (+55.9%), from €10,406 to €16,219
- Profit (loss) carried forward +€78,684
up €78,684 (+109%), from €72,161 to €150,845
- Tax, wage and social debts +€23,455
up €23,455 (+102%), from €23,107 to €46,562
- Debts after one year -€6,720
down €6,720 (-59.0%), from €11,395 to €4,676
- Other debts +€4,933
up €4,933 (+6,578%), from €75 to €5,008
- Gross operating margin +€10,594
up €10,594 (+11.0%), from €96,064 to €106,657
- Depreciation +€2,695
up €2,695 (+56.4%), from €4,779 to €7,474
- Taxes +€1,443
up €1,443 (+7.8%), from €18,575 to €20,018
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 | €118,146 | €219,541 | +€101,396 | +85.8% |
| Fixed assets | 21/28 | €23,725 | €37,856 | +€14,131 | +59.6% |
| Tangible fixed assets | 22/27 | €23,725 | €37,856 | +€14,131 | +59.6% |
| Plant, machinery and equipment | 23 | €587 | €348 | -€239 | -40.7% |
| Furniture and vehicles | 24 | €23,138 | €16,432 | -€6,706 | -29.0% |
| Assets under construction and advance payments | 27 | - | €21,075 | +€21,075 | |
| Current assets | 29/58 | €94,420 | €181,685 | +€87,265 | +92.4% |
| Stocks and contracts in progress | 3 | - | €500 | +€500 | |
| Stocks | 30/36 | - | €500 | +€500 | |
| Amounts receivable within one year | 40/41 | €10,406 | €16,219 | +€5,813 | +55.9% |
| Trade receivables | 40 | €10,406 | €16,219 | +€5,813 | +55.9% |
| Cash at bank and in hand | 54/58 | €83,027 | €163,895 | +€80,868 | +97.4% |
| Deferred charges and accrued income | 490/1 | €987 | €1,071 | +€85 | +8.6% |
| Total equity and liabilities | 10/49 | €118,146 | €219,541 | +€101,396 | +85.8% |
| Equity | 10/15 | €77,161 | €155,845 | +€78,684 | +102% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,161 | €150,845 | +€78,684 | +109% |
| Amounts payable | 17/49 | €40,985 | €63,696 | +€22,712 | +55.4% |
| Amounts payable after more than one year | 17 | €11,395 | €4,676 | -€6,720 | -59.0% |
| Financial debts | 170/4 | €11,395 | €4,676 | -€6,720 | -59.0% |
| Amounts payable within one year | 42/48 | €29,566 | €59,021 | +€29,455 | +99.6% |
| Current portion of amounts payable after more than one year | 42 | €6,383 | €6,720 | +€336 | +5.3% |
| Trade debts | 44 | - | €731 | +€731 | |
| Suppliers | 440/4 | - | €731 | +€731 | |
| Taxes, remuneration and social security | 45 | €23,107 | €46,562 | +€23,455 | +102% |
| Taxes | 450/3 | €23,107 | €46,562 | +€23,455 | +102% |
| Other amounts payable | 47/48 | €75 | €5,008 | +€4,933 | +6,578% |
| Accrued charges and deferred income | 492/3 | €24 | - | -€24 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,779 | €7,474 | +€2,695 | +56.4% |
| Other operating charges | 640/8 | €50 | €149 | +€99 | +200% |
| Gross operating margin | 9900 | €96,064 | €106,657 | +€10,594 | +11.0% |
| Operating profit (loss) | 9901 | €91,235 | €99,034 | +€7,799 | +8.5% |
| Financial income | 75/76B | - | €515 | +€515 | |
| Recurring financial income | 75 | - | €515 | +€515 | |
| Financial charges | 65/66B | €499 | €847 | +€348 | +69.7% |
| Recurring financial charges | 65 | €499 | €847 | +€348 | +69.7% |
| Profit (loss) for the period before taxes | 9903 | €90,736 | €98,702 | +€7,966 | +8.8% |
| Income taxes | 67/77 | €18,575 | €20,018 | +€1,443 | +7.8% |
| Profit (loss) for the period | 9904 | €72,161 | €78,684 | +€6,523 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €72,161 | €78,684 | +€6,523 | +9.0% |
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 17 October 2026 via checked.be.