NTGent: 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.
What changed
NTGent
NACE 90.202, Performing arts by artistic ensembles
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€112,357
2024 · €286,634-€398,991
Equity
€10.7m
2024 · €11.1m-€428,720
Cash
€101,694
2024 · €381,382-€279,688
Balance sheet total
€19.9m
2024 · €20.7m-€765,846
Largest movements
Assets
- Deferred charges and accrued income -€505,170
down €505,170 (-29.2%), from €1.7m to €1.2m
- Current investments +€503,942
up €503,942 (+16105.6%), from €3,129 to €507,071
- Receivables after one year -€320,001
down €320,001 (-4.5%), from €7.0m to €6.7m
- Cash -€279,688
down €279,688 (-73.3%), from €381,382 to €101,694
mainly Investment in fixed assets (net) (-€512,398) and Current investments (-€503,942)
Equity and liabilities
- Debts after one year -€320,001
down €320,001 (-4.5%), from €7.0m to €6.7m
- Investment grants -€316,362
down €316,362 (-3.4%), from €9.4m to €9.1m
Income statement
- Turnover -€620,218
down €620,218 (-14.9%), from €4.2m to €3.5m
- Goods and materials -€427,357
down €427,357 (-27.2%), from €1.6m to €1.1m
of which Purchases: -€418,690
- Staff costs -€349,083
down €349,083 (-5.7%), from €6.1m to €5.8m
- Other operating income -€263,967
down €263,967 (-29.3%), from €902,262 to €638,294
- Depreciation +€92,035
up €92,035 (+15.2%), from €603,944 to €695,979
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.
Result 2024
€286,634
Turnover
-€620,218
Other operating income
-€263,967
Goods and materials
+€427,357
Services and other goods
-€35,210
Staff costs
+€349,083
Depreciation
-€92,035
Write-downs
-€2,351
Other operating charges
+€75,202
Other operating items
-€246,137
Financial income
+€651
Financial charges
+€2,209
Taxes
+€6,424
Result 2025
-€112,357
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.
From operations
+€1.4m
Investment
-€1.0m
Financing
-€636,363
Cash 2024
€381,382
From operations (derived)
+€1.4m
Net result for the year
-€112,357
Depreciation
+€695,979
Receivables after one year
+€320,001
Stocks and contracts
-€28,080
Receivables within one year
+€9,429
Deferred charges and accrued income
+€505,170
Provisions
-€7,118
Debts within one year
-€12,099
Accrued charges and deferred income
+€2,092
Investment (derived)
-€1.0m
Investment in fixed assets (net)
-€512,398
Current investments
-€503,942
Financing
-€636,363
Debts after one year
-€320,001
Contributions, distributions and other
-€316,362
Cash 2025
€101,694
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,701,755 | €19,935,909 | -€765,846 | -3.7% |
| Fixed assets | 21/28 | €10,478,417 | €10,294,837 | -€183,581 | -1.8% |
| Tangible fixed assets | 22/27 | €10,451,212 | €10,268,899 | -€182,313 | -1.7% |
| Land and buildings | 22 | €1,553,500 | €1,479,514 | -€73,986 | -4.8% |
| Plant, machinery and equipment | 23 | €956,820 | €1,111,948 | +€155,128 | +16.2% |
| Furniture and vehicles | 24 | €80,391 | €53,948 | -€26,443 | -32.9% |
| Leasing and similar rights | 25 | €7,860,500 | €7,623,488 | -€237,012 | -3.0% |
| Financial fixed assets | 28 | €27,205 | €25,938 | -€1,268 | -4.7% |
| Affiliated companies | 280/1 | €15,600 | €15,600 | = | 0.0% |
| Participating interests | 280 | €15,600 | €15,600 | = | 0.0% |
| Other financial fixed assets | 284/8 | €11,605 | €10,338 | -€1,268 | -10.9% |
| Amounts receivable and cash guarantees | 285/8 | €11,605 | €10,338 | -€1,268 | -10.9% |
| Current assets | 29/58 | €10,223,338 | €9,641,072 | -€582,266 | -5.7% |
| Amounts receivable after more than one year | 29 | €7,041,359 | €6,721,358 | -€320,001 | -4.5% |
| Other amounts receivable | 291 | €7,041,359 | €6,721,358 | -€320,001 | -4.5% |
| Stocks and contracts in progress | 3 | €101,833 | €129,913 | +€28,080 | +27.6% |
| Stocks | 30/36 | €101,833 | €129,913 | +€28,080 | +27.6% |
| Raw materials and consumables | 30/31 | €19,256 | €19,741 | +€485 | +2.5% |
| Finished goods | 33 | €55,000 | €70,000 | +€15,000 | +27.3% |
| Goods purchased for resale | 34 | €27,577 | €40,173 | +€12,595 | +45.7% |
| Amounts receivable within one year | 40/41 | €963,992 | €954,562 | -€9,429 | -1.0% |
| Trade receivables | 40 | €477,443 | €418,124 | -€59,319 | -12.4% |
| Other amounts receivable | 41 | €486,548 | €536,438 | +€49,890 | +10.3% |
| Current investments | 50/53 | €3,129 | €507,071 | +€503,942 | +16105.6% |
| Cash at bank and in hand | 54/58 | €381,382 | €101,694 | -€279,688 | -73.3% |
| Deferred charges and accrued income | 490/1 | €1,731,643 | €1,226,473 | -€505,170 | -29.2% |
| Total equity and liabilities | 10/49 | €20,701,755 | €19,935,909 | -€765,846 | -3.7% |
| Equity | 10/15 | €11,098,245 | €10,669,525 | -€428,720 | -3.9% |
| Profit (loss) carried forward | 14 | €1,661,438 | €1,549,080 | -€112,357 | -6.8% |
| Investment grants | 15 | €9,436,807 | €9,120,445 | -€316,362 | -3.4% |
| Provisions and deferred taxes | 16 | €79,521 | €72,403 | -€7,118 | -9.0% |
| Provisions for liabilities and charges | 160/5 | €72,238 | €66,870 | -€5,368 | -7.4% |
| Other liabilities and charges | 164/5 | €72,238 | €66,870 | -€5,368 | -7.4% |
| Deferred taxes | 168 | €7,283 | €5,533 | -€1,750 | -24.0% |
| Amounts payable | 17/49 | €9,523,990 | €9,193,982 | -€330,008 | -3.5% |
| Amounts payable after more than one year | 17 | €7,041,359 | €6,721,358 | -€320,001 | -4.5% |
| Financial debts | 170/4 | €7,041,359 | €6,721,358 | -€320,001 | -4.5% |
| Leasing and similar obligations | 172 | €7,041,359 | €6,721,358 | -€320,001 | -4.5% |
| Amounts payable within one year | 42/48 | €2,146,051 | €2,133,952 | -€12,099 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €320,001 | €320,001 | = | 0.0% |
| Financial debts | 43 | - | €250,000 | +€250,000 | |
| Credit institutions | 430/8 | - | €250,000 | +€250,000 | |
| Trade debts | 44 | €952,148 | €737,362 | -€214,785 | -22.6% |
| Suppliers | 440/4 | €952,148 | €737,362 | -€214,785 | -22.6% |
| Advances received on contracts in progress | 46 | €25,645 | €700 | -€24,945 | -97.3% |
| Taxes, remuneration and social security | 45 | €829,842 | €823,613 | -€6,228 | -0.8% |
| Taxes | 450/3 | €4,610 | €94,598 | +€89,988 | +1952.0% |
| Remuneration and social security | 454/9 | €825,232 | €729,016 | -€96,216 | -11.7% |
| Accrued charges and deferred income | 492/3 | €336,580 | €338,672 | +€2,092 | +0.6% |
| Operating income | 70/76A | €11,809,859 | €10,979,142 | -€830,717 | -7.0% |
| Turnover | 70 | €4,160,442 | €3,540,224 | -€620,218 | -14.9% |
| Membership fees, donations, legacies and grants | 73 | €6,710,870 | €6,792,188 | +€81,318 | +1.2% |
| Other operating income | 74 | €902,262 | €638,294 | -€263,967 | -29.3% |
| Non-recurring operating income | 76A | €36,285 | €8,435 | -€27,851 | -76.8% |
| Operating charges | 60/66A | €11,350,929 | €10,928,487 | -€422,442 | -3.7% |
| Goods for resale, raw materials and consumables | 60 | €1,570,167 | €1,142,810 | -€427,357 | -27.2% |
| Purchases | 600/8 | €1,589,580 | €1,170,890 | -€418,690 | -26.3% |
| Change in stocks: decrease (increase) | 609 | -€19,413 | -€28,080 | -€8,667 | -44.6% |
| Services and other goods | 61 | €2,947,443 | €2,982,653 | +€35,210 | +1.2% |
| Remuneration, social security and pensions | 62 | €6,121,743 | €5,772,659 | -€349,083 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €603,944 | €695,979 | +€92,035 | +15.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,908 | €16,259 | +€2,351 | +16.9% |
| Other operating charges | 640/8 | €396,623 | €321,421 | -€75,202 | -19.0% |
| Non-recurring operating charges | 66A | €4,863 | €2,074 | -€2,789 | -57.4% |
| Operating profit (loss) | 9901 | €458,930 | €50,654 | -€408,275 | -89.0% |
| Financial income | 75/76B | €16,054 | €16,705 | +€651 | +4.1% |
| Recurring financial income | 75 | €16,054 | €16,705 | +€651 | +4.1% |
| Income from current assets | 751 | €15,667 | €4,873 | -€10,794 | -68.9% |
| Other financial income | 752/9 | €388 | €11,832 | +€11,444 | +2952.4% |
| Financial charges | 65/66B | €166,495 | €164,286 | -€2,209 | -1.3% |
| Recurring financial charges | 65 | €166,495 | €164,286 | -€2,209 | -1.3% |
| Debt charges | 650 | €153,587 | €156,638 | +€3,051 | +2.0% |
| Other financial charges | 652/9 | €12,908 | €7,648 | -€5,261 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €308,489 | -€96,927 | -€405,416 | |
| Transfer from deferred taxes | 780 | €1,750 | €1,750 | = | 0.0% |
| Income taxes | 67/77 | €23,605 | €17,181 | -€6,424 | -27.2% |
| Taxes | 670/3 | €41,889 | €21,752 | -€20,138 | -48.1% |
| Tax adjustments and reversals of tax provisions | 77 | €18,284 | €4,571 | -€13,713 | -75.0% |
| Profit (loss) for the period | 9904 | €286,634 | -€112,357 | -€398,991 | |
| Profit (loss) for the period to be appropriated | 9905 | €286,634 | -€112,357 | -€398,991 |
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 10 October 2026 via checked.be.