BNW: 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.
BNW
Largest movements
- Receivables within one year -€3,649
down €3,649 (-31.7%), from €11,521 to €7,872
of which Trade receivables: -€4,969
- Tangible fixed assets -€155
down €155 (-100.0%), from €155 to €0
of which Plant, machinery and equipment: -€155
- Trade debts -€4,648
down €4,648 (-50.6%), from €9,180 to €4,531
- Short-term financial debts +€1,621
up €1,621 (+20.2%), from €8,020 to €9,641
- Tax, wage and social debts -€421
down €421 (-100.0%), from €421 to €0
- Profit (loss) carried forward -€356
down €356 (-1.4%), from -€25,944 to -€26,300
- Gross operating margin +€3,787
up €3,787, from -€2,604 to €1,183
- Financial income +€379
up €379, from €0 to €379
- Other operating charges -€136
down €136 (-46.8%), from €291 to €155
- Depreciation -€61
down €61 (-100.0%), from €61 to €0
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,675 | €7,872 | -€3,804 | -32.6% |
| Fixed assets | 21/28 | €155 | €0 | -€155 | -100.0% |
| Tangible fixed assets | 22/27 | €155 | €0 | -€155 | -100.0% |
| Plant, machinery and equipment | 23 | €155 | €0 | -€155 | -100.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €11,521 | €7,872 | -€3,649 | -31.7% |
| Amounts receivable within one year | 40/41 | €11,521 | €7,872 | -€3,649 | -31.7% |
| Trade receivables | 40 | €4,969 | €0 | -€4,969 | -100.0% |
| Other amounts receivable | 41 | €6,552 | €7,872 | +€1,319 | +20.1% |
| Total equity and liabilities | 10/49 | €11,675 | €7,872 | -€3,804 | -32.6% |
| Equity | 10/15 | -€5,944 | -€6,300 | -€356 | -6.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,944 | -€26,300 | -€356 | -1.4% |
| Amounts payable | 17/49 | €17,620 | €14,172 | -€3,448 | -19.6% |
| Amounts payable within one year | 42/48 | €17,620 | €14,172 | -€3,448 | -19.6% |
| Financial debts | 43 | €8,020 | €9,641 | +€1,621 | +20.2% |
| Credit institutions | 430/8 | €8,020 | €9,641 | +€1,621 | +20.2% |
| Trade debts | 44 | €9,180 | €4,531 | -€4,648 | -50.6% |
| Suppliers | 440/4 | €9,180 | €4,531 | -€4,648 | -50.6% |
| Taxes, remuneration and social security | 45 | €421 | €0 | -€421 | -100.0% |
| Taxes | 450/3 | €421 | €0 | -€421 | -100.0% |
| Remuneration, social security and pensions | 62 | €384 | €393 | +€9 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61 | €0 | -€61 | -100.0% |
| Other operating charges | 640/8 | €291 | €155 | -€136 | -46.8% |
| Gross operating margin | 9900 | -€2,604 | €1,183 | +€3,787 | |
| Operating profit (loss) | 9901 | -€3,340 | €636 | +€3,975 | |
| Financial income | 75/76B | €0 | €379 | +€379 | |
| Recurring financial income | 75 | €0 | €379 | +€379 | |
| Financial charges | 65/66B | €1,365 | €1,371 | +€6 | +0.5% |
| Recurring financial charges | 65 | €1,365 | €1,371 | +€6 | +0.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€4,704 | -€356 | +€4,348 | +92.4% |
| Profit (loss) for the period | 9904 | -€4,704 | -€356 | +€4,348 | +92.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,704 | -€356 | +€4,348 | +92.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.