DE NIEUWSBRON: 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 NIEUWSBRON
Largest movements
- Tangible fixed assets -€327,209
down €327,209 (-67.2%), from €487,078 to €159,869
of which Land and buildings: -€321,200
- Stocks and contracts +€33,008
up €33,008 (+40.6%), from €81,212 to €114,220
- Cash +€24,912
up €24,912 (+105%), from €23,694 to €48,606
mainly Investment in fixed assets (net) (+€310,572) and Deferred charges and accrued income (+€24,396)
- Deferred charges and accrued income -€24,396
down €24,396 (-90.2%), from €27,033 to €2,636
- Debts after one year -€234,756
down €234,756 (-51.6%), from €454,800 to €220,044
- Short-term financial debts -€35,496
no longer reported in 2025 (was €35,496)
- Current portion of long-term debt -€26,841
down €26,841 (-47.0%), from €57,116 to €30,275
- Depreciation -€30,612
down €30,612 (-64.8%), from €47,249 to €16,637
- Other operating charges +€17,978
up €17,978 (+545%), from €3,297 to €21,275
- Gross operating margin -€12,836
down €12,836 (-15.3%), from €83,742 to €70,906
- Staff costs +€3,659
new in 2025: €3,659
- Financial charges -€2,043
down €2,043 (-6.9%), from €29,580 to €27,536
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 | €626,126 | €335,658 | -€290,468 | -46.4% |
| Fixed assets | 21/28 | €487,078 | €159,869 | -€327,209 | -67.2% |
| Tangible fixed assets | 22/27 | €487,078 | €159,869 | -€327,209 | -67.2% |
| Land and buildings | 22 | €466,188 | €144,988 | -€321,200 | -68.9% |
| Plant, machinery and equipment | 23 | €9,522 | €10,870 | +€1,348 | +14.2% |
| Furniture and vehicles | 24 | €11,369 | €4,012 | -€7,357 | -64.7% |
| Current assets | 29/58 | €139,048 | €175,789 | +€36,741 | +26.4% |
| Stocks and contracts in progress | 3 | €81,212 | €114,220 | +€33,008 | +40.6% |
| Stocks | 30/36 | €81,212 | €114,220 | +€33,008 | +40.6% |
| Amounts receivable within one year | 40/41 | €7,109 | €10,327 | +€3,218 | +45.3% |
| Trade receivables | 40 | €6,964 | €7,135 | +€171 | +2.5% |
| Other amounts receivable | 41 | €145 | €3,192 | +€3,047 | +2,102% |
| Cash at bank and in hand | 54/58 | €23,694 | €48,606 | +€24,912 | +105% |
| Deferred charges and accrued income | 490/1 | €27,033 | €2,636 | -€24,396 | -90.2% |
| Total equity and liabilities | 10/49 | €626,126 | €335,658 | -€290,468 | -46.4% |
| Equity | 10/15 | €65,656 | €65,682 | +€26 | 0.0% |
| Contributions | 10/11 | €59,600 | €59,600 | = | 0.0% |
| Capital | 10 | €59,600 | €59,600 | = | 0.0% |
| Issued capital | 100 | €59,600 | €59,600 | = | 0.0% |
| Reserves | 13 | €6,056 | €6,082 | +€26 | +0.4% |
| Non-distributable reserves | 130/1 | €3,306 | €3,306 | = | 0.0% |
| Legal reserve | 130 | €3,306 | €3,306 | = | 0.0% |
| Distributable reserves | 133 | €2,750 | €2,776 | +€26 | +0.9% |
| Amounts payable | 17/49 | €560,470 | €269,977 | -€290,494 | -51.8% |
| Amounts payable after more than one year | 17 | €454,800 | €220,044 | -€234,756 | -51.6% |
| Financial debts | 170/4 | €454,800 | €220,044 | -€234,756 | -51.6% |
| Amounts payable within one year | 42/48 | €105,670 | €44,949 | -€60,722 | -57.5% |
| Current portion of amounts payable after more than one year | 42 | €57,116 | €30,275 | -€26,841 | -47.0% |
| Financial debts | 43 | €35,496 | - | -€35,496 | |
| Credit institutions | 430/8 | €35,496 | - | -€35,496 | |
| Trade debts | 44 | €7,462 | €12,388 | +€4,926 | +66.0% |
| Suppliers | 440/4 | €7,462 | €12,388 | +€4,926 | +66.0% |
| Taxes, remuneration and social security | 45 | €5,107 | €2,286 | -€2,821 | -55.2% |
| Taxes | 450/3 | €5,107 | €1,823 | -€3,284 | -64.3% |
| Remuneration and social security | 454/9 | - | €463 | +€463 | |
| Other amounts payable | 47/48 | €489 | - | -€489 | |
| Accrued charges and deferred income | 492/3 | - | €4,984 | +€4,984 | |
| Non-recurring operating income | 76A | - | €14,694 | +€14,694 | |
| Remuneration, social security and pensions | 62 | - | €3,659 | +€3,659 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,249 | €16,637 | -€30,612 | -64.8% |
| Other operating charges | 640/8 | €3,297 | €21,275 | +€17,978 | +545% |
| Gross operating margin | 9900 | €83,742 | €70,906 | -€12,836 | -15.3% |
| Operating profit (loss) | 9901 | €33,197 | €29,334 | -€3,862 | -11.6% |
| Financial income | 75/76B | €93 | €74 | -€19 | -20.5% |
| Recurring financial income | 75 | €93 | €74 | -€19 | -20.5% |
| Financial charges | 65/66B | €29,580 | €27,536 | -€2,043 | -6.9% |
| Recurring financial charges | 65 | €29,580 | €27,536 | -€2,043 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €3,709 | €1,871 | -€1,838 | -49.6% |
| Income taxes | 67/77 | €3,422 | €1,845 | -€1,577 | -46.1% |
| Profit (loss) for the period | 9904 | €287 | €26 | -€261 | -90.9% |
| Profit (loss) for the period to be appropriated | 9905 | €287 | €26 | -€261 | -90.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.