NAWA Construct: 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.
NAWA Construct
Largest movements
- Cash +€60,606
up €60,606 (+480.2%), from €12,621 to €73,227
mainly Net result for the year (+€80,025) and Debts after one year (+€27,795)
- Receivables within one year +€54,548
up €54,548 (+220.1%), from €24,779 to €79,327
of which Trade receivables: +€44,390
- Tangible fixed assets +€38,246
up €38,246 (+532.1%), from €7,188 to €45,433
of which Furniture and vehicles: +€36,926
- Reserves +€80,025
up €80,025 (+796.8%), from €10,043 to €90,068
- Debts after one year +€27,795
new in 2025: €27,795
- Tax, wage and social debts +€24,556
up €24,556 (+629.2%), from €3,903 to €28,459
of which Taxes: +€17,991
- Current portion of long-term debt +€8,570
new in 2025: €8,570
- Trade debts +€6,625
up €6,625 (+40.0%), from €16,559 to €23,185
- Gross operating margin +€138,640
up €138,640 (+732.6%), from €18,925 to €157,565
- Staff costs +€44,829
up €44,829 (+1086.0%), from €4,128 to €48,957
- Taxes +€17,604
up €17,604 (+701.1%), from €2,511 to €20,115
- Other operating charges +€6,239
new in 2025: €6,239
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 | €45,582 | €197,987 | +€152,404 | +334.3% |
| Fixed assets | 21/28 | €7,188 | €45,433 | +€38,246 | +532.1% |
| Tangible fixed assets | 22/27 | €7,188 | €45,433 | +€38,246 | +532.1% |
| Plant, machinery and equipment | 23 | - | €1,319 | +€1,319 | |
| Furniture and vehicles | 24 | €7,188 | €44,114 | +€36,926 | +513.7% |
| Current assets | 29/58 | €38,395 | €152,553 | +€114,159 | +297.3% |
| Amounts receivable within one year | 40/41 | €24,779 | €79,327 | +€54,548 | +220.1% |
| Trade receivables | 40 | €23,126 | €67,516 | +€44,390 | +191.9% |
| Other amounts receivable | 41 | €1,652 | €11,811 | +€10,158 | +614.8% |
| Cash at bank and in hand | 54/58 | €12,621 | €73,227 | +€60,606 | +480.2% |
| Deferred charges and accrued income | 490/1 | €995 | - | -€995 | |
| Total equity and liabilities | 10/49 | €45,582 | €197,987 | +€152,404 | +334.3% |
| Equity | 10/15 | €13,543 | €93,568 | +€80,025 | +590.9% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €10,043 | €90,068 | +€80,025 | +796.8% |
| Distributable reserves | 133 | €10,043 | €90,068 | +€80,025 | +796.8% |
| Amounts payable | 17/49 | €32,039 | €104,419 | +€72,379 | +225.9% |
| Amounts payable after more than one year | 17 | - | €27,795 | +€27,795 | |
| Financial debts | 170/4 | - | €27,795 | +€27,795 | |
| Amounts payable within one year | 42/48 | €31,724 | €76,624 | +€44,900 | +141.5% |
| Current portion of amounts payable after more than one year | 42 | - | €8,570 | +€8,570 | |
| Trade debts | 44 | €16,559 | €23,185 | +€6,625 | +40.0% |
| Suppliers | 440/4 | €16,559 | €23,185 | +€6,625 | +40.0% |
| Taxes, remuneration and social security | 45 | €3,903 | €28,459 | +€24,556 | +629.2% |
| Taxes | 450/3 | €2,511 | €20,502 | +€17,991 | +716.6% |
| Remuneration and social security | 454/9 | €1,392 | €7,956 | +€6,565 | +471.7% |
| Other amounts payable | 47/48 | €11,262 | €16,412 | +€5,150 | +45.7% |
| Accrued charges and deferred income | 492/3 | €315 | - | -€315 | |
| Remuneration, social security and pensions | 62 | €4,128 | €48,957 | +€44,829 | +1086.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €312 | €818 | +€506 | +161.9% |
| Other operating charges | 640/8 | - | €6,239 | +€6,239 | |
| Gross operating margin | 9900 | €18,925 | €157,565 | +€138,640 | +732.6% |
| Operating profit (loss) | 9901 | €14,485 | €101,551 | +€87,066 | +601.1% |
| Financial charges | 65/66B | €1,931 | €1,411 | -€520 | -26.9% |
| Recurring financial charges | 65 | €1,931 | €1,411 | -€520 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €12,554 | €100,140 | +€87,586 | +697.7% |
| Income taxes | 67/77 | €2,511 | €20,115 | +€17,604 | +701.1% |
| Profit (loss) for the period | 9904 | €10,043 | €80,025 | +€69,982 | +696.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,043 | €80,025 | +€69,982 | +696.8% |
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 8 October 2026 via checked.be.