BNWA: 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.
BNWA
Largest movements
- Cash +€21,446
up €21,446 (+49.2%), from €43,618 to €65,064
mainly Other debts (+€36,670) and Net result for the year (+€21,517)
- Receivables within one year -€15,927
down €15,927 (-62.9%), from €25,318 to €9,391
of which Trade receivables: -€15,869
- Tangible fixed assets -€8,047
down €8,047 (-18.5%), from €43,381 to €35,334
- Other debts +€36,670
up €36,670 (+552.9%), from €6,632 to €43,302
- Reserves -€28,483
down €28,483 (-50.8%), from €56,109 to €27,627
- Debts after one year -€9,164
down €9,164 (-38.8%), from €23,602 to €14,438
- Tax, wage and social debts -€4,141
down €4,141 (-53.5%), from €7,738 to €3,597
- Trade debts +€1,953
up €1,953 (+949.2%), from €206 to €2,159
- Gross operating margin +€1,895
up €1,895 (+4.6%), from €41,409 to €43,304
- Depreciation +€1,394
up €1,394 (+11.4%), from €12,183 to €13,577
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
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 | €112,985 | €110,162 | -€2,823 | -2.5% |
| Fixed assets | 21/28 | €43,381 | €35,334 | -€8,047 | -18.5% |
| Tangible fixed assets | 22/27 | €43,381 | €35,334 | -€8,047 | -18.5% |
| Furniture and vehicles | 24 | €43,381 | €35,334 | -€8,047 | -18.5% |
| Current assets | 29/58 | €69,604 | €74,827 | +€5,224 | +7.5% |
| Amounts receivable within one year | 40/41 | €25,318 | €9,391 | -€15,927 | -62.9% |
| Trade receivables | 40 | €15,869 | €0 | -€15,869 | -100.0% |
| Other amounts receivable | 41 | €9,449 | €9,391 | -€58 | -0.6% |
| Cash at bank and in hand | 54/58 | €43,618 | €65,064 | +€21,446 | +49.2% |
| Deferred charges and accrued income | 490/1 | €668 | €372 | -€295 | -44.2% |
| Total equity and liabilities | 10/49 | €112,985 | €110,162 | -€2,823 | -2.5% |
| Equity | 10/15 | €61,109 | €32,627 | -€28,483 | -46.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €56,109 | €27,627 | -€28,483 | -50.8% |
| Distributable reserves | 133 | €56,109 | €27,627 | -€28,483 | -50.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €51,875 | €77,535 | +€25,660 | +49.5% |
| Amounts payable after more than one year | 17 | €23,602 | €14,438 | -€9,164 | -38.8% |
| Financial debts | 170/4 | €23,602 | €14,438 | -€9,164 | -38.8% |
| Amounts payable within one year | 42/48 | €28,273 | €63,097 | +€34,824 | +123.2% |
| Current portion of amounts payable after more than one year | 42 | €13,697 | €14,038 | +€341 | +2.5% |
| Trade debts | 44 | €206 | €2,159 | +€1,953 | +949.2% |
| Suppliers | 440/4 | €206 | €2,159 | +€1,953 | +949.2% |
| Taxes, remuneration and social security | 45 | €7,738 | €3,597 | -€4,141 | -53.5% |
| Taxes | 450/3 | €7,738 | €3,597 | -€4,141 | -53.5% |
| Other amounts payable | 47/48 | €6,632 | €43,302 | +€36,670 | +552.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,183 | €13,577 | +€1,394 | +11.4% |
| Other operating charges | 640/8 | €553 | €569 | +€16 | +2.9% |
| Gross operating margin | 9900 | €41,409 | €43,304 | +€1,895 | +4.6% |
| Operating profit (loss) | 9901 | €28,673 | €29,158 | +€485 | +1.7% |
| Financial charges | 65/66B | €1,806 | €1,432 | -€374 | -20.7% |
| Recurring financial charges | 65 | €1,806 | €1,432 | -€374 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €26,867 | €27,726 | +€859 | +3.2% |
| Income taxes | 67/77 | €6,151 | €6,209 | +€58 | +0.9% |
| Profit (loss) for the period | 9904 | €20,716 | €21,517 | +€801 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,716 | €21,517 | +€801 | +3.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.