A New Hope: 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.
A New Hope
Largest movements
- Receivables within one year -€215,425
down €215,425 (-99.9%), from €215,660 to €235
of which Trade receivables: -€204,758
- Cash +€22,874
up €22,874 (+42.2%), from €54,239 to €77,113
mainly Other debts (+€223,750) and Receivables within one year (+€215,425)
- Debts after one year -€243,690
down €243,690 (-51.1%), from €476,473 to €232,783
- Other debts +€223,750
new in 2025: €223,750
- Trade debts -€93,986
down €93,986 (-46.4%), from €202,361 to €108,376
- Reserves -€91,660
down €91,660 (-35.5%), from €258,515 to €166,855
- Gross operating margin +€22,480
up €22,480 (+11.9%), from €189,000 to €211,480
- Financial charges -€5,308
down €5,308 (-36.6%), from €14,492 to €9,184
- Taxes -€3,568
down €3,568 (-8.1%), from €43,962 to €40,394
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 | €1,576,755 | €1,380,442 | -€196,313 | -12.5% |
| Fixed assets | 21/28 | €1,304,207 | €1,303,095 | -€1,113 | -0.1% |
| Tangible fixed assets | 22/27 | €4,207 | €3,095 | -€1,113 | -26.4% |
| Plant, machinery and equipment | 23 | €4,207 | €3,095 | -€1,113 | -26.4% |
| Financial fixed assets | 28 | €1,300,000 | €1,300,000 | = | 0.0% |
| Current assets | 29/58 | €272,548 | €77,348 | -€195,200 | -71.6% |
| Amounts receivable within one year | 40/41 | €215,660 | €235 | -€215,425 | -99.9% |
| Trade receivables | 40 | €204,993 | €235 | -€204,758 | -99.9% |
| Other amounts receivable | 41 | €10,667 | - | -€10,667 | |
| Cash at bank and in hand | 54/58 | €54,239 | €77,113 | +€22,874 | +42.2% |
| Deferred charges and accrued income | 490/1 | €2,649 | - | -€2,649 | |
| Total equity and liabilities | 10/49 | €1,576,755 | €1,380,442 | -€196,313 | -12.5% |
| Equity | 10/15 | €758,515 | €666,855 | -€91,660 | -12.1% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €258,515 | €166,855 | -€91,660 | -35.5% |
| Distributable reserves | 133 | €258,515 | €166,855 | -€91,660 | -35.5% |
| Amounts payable | 17/49 | €818,240 | €713,587 | -€104,653 | -12.8% |
| Amounts payable after more than one year | 17 | €476,473 | €232,783 | -€243,690 | -51.1% |
| Financial debts | 170/4 | €476,473 | €232,783 | -€243,690 | -51.1% |
| Amounts payable within one year | 42/48 | €338,507 | €480,804 | +€142,297 | +42.0% |
| Current portion of amounts payable after more than one year | 42 | €92,184 | €93,690 | +€1,506 | +1.6% |
| Trade debts | 44 | €202,361 | €108,376 | -€93,986 | -46.4% |
| Suppliers | 440/4 | €202,361 | €108,376 | -€93,986 | -46.4% |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €43,962 | €53,989 | +€10,027 | +22.8% |
| Taxes | 450/3 | €43,962 | €53,989 | +€10,027 | +22.8% |
| Other amounts payable | 47/48 | - | €223,750 | +€223,750 | |
| Accrued charges and deferred income | 492/3 | €3,260 | - | -€3,260 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,763 | €2,310 | +€547 | +31.0% |
| Other operating charges | 640/8 | €249 | €1,252 | +€1,003 | +403% |
| Gross operating margin | 9900 | €189,000 | €211,480 | +€22,480 | +11.9% |
| Operating profit (loss) | 9901 | €186,988 | €207,917 | +€20,929 | +11.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €14,492 | €9,184 | -€5,308 | -36.6% |
| Recurring financial charges | 65 | €14,492 | €9,184 | -€5,308 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €172,497 | €198,734 | +€26,238 | +15.2% |
| Income taxes | 67/77 | €43,962 | €40,394 | -€3,568 | -8.1% |
| Profit (loss) for the period | 9904 | €128,535 | €158,340 | +€29,806 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €128,535 | €158,340 | +€29,806 | +23.2% |
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 22 October 2026 via checked.be.