DE NIEUWE BEURS: 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.
DE NIEUWE BEURS
Largest movements
- Receivables within one year +€18,869
up €18,869 (+25.7%), from €73,496 to €92,365
- Cash -€7,973
down €7,973 (-69.2%), from €11,522 to €3,549
mainly Investment in fixed assets (net) (-€30,565) and Receivables within one year (-€18,869)
- Tangible fixed assets +€4,665
up €4,665 (+4.3%), from €109,401 to €114,066
of which Land and buildings: +€11,473
- Tax, wage and social debts +€15,060
up €15,060 (+255%), from €5,909 to €20,969
of which Taxes: +€15,459
- Debts after one year -€9,227
down €9,227 (-28.1%), from €32,809 to €23,582
- Trade debts +€6,138
up €6,138 (+18.0%), from €34,184 to €40,323
- Reserves +€4,456
up €4,456 (+4.5%), from €99,070 to €103,526
of which Distributable reserves: +€4,456
- Gross operating margin -€32,461
down €32,461 (-8.8%), from €367,058 to €334,597
- Taxes -€12,792
down €12,792 (-93.0%), from €13,750 to €958
- Staff costs +€8,957
up €8,957 (+3.1%), from €284,541 to €293,498
- Depreciation +€7,052
up €7,052 (+37.4%), from €18,847 to €25,900
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 | €214,131 | €230,691 | +€16,560 | +7.7% |
| Fixed assets | 21/28 | €116,482 | €121,147 | +€4,665 | +4.0% |
| Tangible fixed assets | 22/27 | €109,401 | €114,066 | +€4,665 | +4.3% |
| Land and buildings | 22 | €50,078 | €61,551 | +€11,473 | +22.9% |
| Plant, machinery and equipment | 23 | €52,950 | €49,190 | -€3,760 | -7.1% |
| Furniture and vehicles | 24 | €6,373 | €3,325 | -€3,048 | -47.8% |
| Financial fixed assets | 28 | €7,081 | €7,081 | = | 0.0% |
| Current assets | 29/58 | €97,649 | €109,544 | +€11,895 | +12.2% |
| Stocks and contracts in progress | 3 | €12,130 | €13,629 | +€1,499 | +12.4% |
| Stocks | 30/36 | €12,130 | €13,629 | +€1,499 | +12.4% |
| Amounts receivable within one year | 40/41 | €73,496 | €92,365 | +€18,869 | +25.7% |
| Other amounts receivable | 41 | €73,496 | €92,365 | +€18,869 | +25.7% |
| Cash at bank and in hand | 54/58 | €11,522 | €3,549 | -€7,973 | -69.2% |
| Deferred charges and accrued income | 490/1 | €500 | - | -€500 | |
| Total equity and liabilities | 10/49 | €214,131 | €230,691 | +€16,560 | +7.7% |
| Equity | 10/15 | €117,670 | €122,126 | +€4,456 | +3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €99,070 | €103,526 | +€4,456 | +4.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,094 | €4,094 | = | 0.0% |
| Distributable reserves | 133 | €93,116 | €97,572 | +€4,456 | +4.8% |
| Amounts payable | 17/49 | €96,460 | €108,564 | +€12,104 | +12.5% |
| Amounts payable after more than one year | 17 | €32,809 | €23,582 | -€9,227 | -28.1% |
| Financial debts | 170/4 | €32,809 | €23,582 | -€9,227 | -28.1% |
| Amounts payable within one year | 42/48 | €63,651 | €84,982 | +€21,331 | +33.5% |
| Current portion of amounts payable after more than one year | 42 | €23,557 | €23,690 | +€133 | +0.6% |
| Trade debts | 44 | €34,184 | €40,323 | +€6,138 | +18.0% |
| Suppliers | 440/4 | €34,184 | €40,323 | +€6,138 | +18.0% |
| Taxes, remuneration and social security | 45 | €5,909 | €20,969 | +€15,060 | +255% |
| Taxes | 450/3 | €5,510 | €20,969 | +€15,459 | +281% |
| Remuneration and social security | 454/9 | €399 | - | -€399 | |
| Remuneration, social security and pensions | 62 | €284,541 | €293,498 | +€8,957 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,847 | €25,900 | +€7,052 | +37.4% |
| Other operating charges | 640/8 | €4,205 | €4,399 | +€194 | +4.6% |
| Gross operating margin | 9900 | €367,058 | €334,597 | -€32,461 | -8.8% |
| Operating profit (loss) | 9901 | €59,464 | €10,800 | -€48,665 | -81.8% |
| Financial charges | 65/66B | €5,699 | €5,386 | -€313 | -5.5% |
| Recurring financial charges | 65 | €5,699 | €5,386 | -€313 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €53,766 | €5,414 | -€48,352 | -89.9% |
| Income taxes | 67/77 | €13,750 | €958 | -€12,792 | -93.0% |
| Profit (loss) for the period | 9904 | €40,016 | €4,456 | -€35,560 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,016 | €4,456 | -€35,560 | -88.9% |
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 27 October 2026 via checked.be.