NAUWCO: 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.
NAUWCO
Largest movements
- Receivables within one year -€18,988
down €18,988 (-31.5%), from €60,231 to €41,243
of which Trade receivables: -€17,039
- Cash -€17,158
down €17,158 (-17.9%), from €95,901 to €78,743
mainly Debts after one year (-€40,000) and Trade debts (-€22,043)
- Tangible fixed assets -€12,891
down €12,891 (-31.8%), from €40,505 to €27,615
- Debts after one year -€40,000
down €40,000 (-29.6%), from €135,000 to €95,000
- Trade debts -€22,043
down €22,043 (-72.6%), from €30,342 to €8,299
- Profit (loss) carried forward +€15,281
up €15,281 (+23.3%), from -€65,528 to -€50,247
- Gross operating margin +€1,298
up €1,298 (+3.8%), from €34,073 to €35,371
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 | €206,061 | €157,964 | -€48,098 | -23.3% |
| Fixed assets | 21/28 | €40,505 | €27,615 | -€12,891 | -31.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €40,505 | €27,615 | -€12,891 | -31.8% |
| Furniture and vehicles | 24 | €40,505 | €27,615 | -€12,891 | -31.8% |
| Current assets | 29/58 | €165,556 | €130,349 | -€35,207 | -21.3% |
| Stocks and contracts in progress | 3 | €3,000 | €3,000 | = | 0.0% |
| Stocks | 30/36 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €60,231 | €41,243 | -€18,988 | -31.5% |
| Trade receivables | 40 | €54,842 | €37,804 | -€17,039 | -31.1% |
| Other amounts receivable | 41 | €5,389 | €3,440 | -€1,949 | -36.2% |
| Cash at bank and in hand | 54/58 | €95,901 | €78,743 | -€17,158 | -17.9% |
| Deferred charges and accrued income | 490/1 | €6,423 | €7,362 | +€939 | +14.6% |
| Total equity and liabilities | 10/49 | €206,061 | €157,964 | -€48,098 | -23.3% |
| Equity | 10/15 | €23,472 | €38,753 | +€15,281 | +65.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €39,000 | €39,000 | = | 0.0% |
| Distributable reserves | 133 | €39,000 | €39,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,528 | -€50,247 | +€15,281 | +23.3% |
| Amounts payable | 17/49 | €182,590 | €119,211 | -€63,379 | -34.7% |
| Amounts payable after more than one year | 17 | €135,000 | €95,000 | -€40,000 | -29.6% |
| Financial debts | 170/4 | €135,000 | €95,000 | -€40,000 | -29.6% |
| Amounts payable within one year | 42/48 | €45,700 | €22,367 | -€23,332 | -51.1% |
| Trade debts | 44 | €30,342 | €8,299 | -€22,043 | -72.6% |
| Suppliers | 440/4 | €30,342 | €8,299 | -€22,043 | -72.6% |
| Taxes, remuneration and social security | 45 | €3,480 | €2,790 | -€690 | -19.8% |
| Taxes | 450/3 | €1,060 | €1,022 | -€38 | -3.6% |
| Remuneration and social security | 454/9 | €2,420 | €1,768 | -€652 | -26.9% |
| Other amounts payable | 47/48 | €11,878 | €11,279 | -€599 | -5.0% |
| Accrued charges and deferred income | 492/3 | €1,890 | €1,843 | -€47 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,371 | €16,215 | -€157 | -1.0% |
| Other operating charges | 640/8 | €1,236 | €1,236 | +€0 | 0.0% |
| Gross operating margin | 9900 | €34,073 | €35,371 | +€1,298 | +3.8% |
| Operating profit (loss) | 9901 | €16,466 | €17,921 | +€1,455 | +8.8% |
| Financial income | 75/76B | €1 | €247 | +€247 | +49,316% |
| Recurring financial income | 75 | €1 | €247 | +€247 | +49,316% |
| Financial charges | 65/66B | €2,759 | €2,702 | -€57 | -2.1% |
| Recurring financial charges | 65 | €2,759 | €2,702 | -€57 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €13,707 | €15,465 | +€1,758 | +12.8% |
| Income taxes | 67/77 | €247 | €184 | -€63 | -25.5% |
| Profit (loss) for the period | 9904 | €13,460 | €15,281 | +€1,821 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,460 | €15,281 | +€1,821 | +13.5% |
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 20 October 2026 via checked.be.