NAWAAB: 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.
NAWAAB
Largest movements
- Intangible fixed assets +€40,498
up €40,498 (+123%), from €33,056 to €73,554
- Tangible fixed assets +€28,145
up €28,145 (+94.0%), from €29,930 to €58,075
of which Furniture and vehicles: +€28,055
- Receivables within one year +€15,831
up €15,831 (+97.0%), from €16,319 to €32,150
of which Trade receivables: +€32,150
- Stocks and contracts -€15,000
down €15,000 (-18.8%), from €80,000 to €65,000
- Financial fixed assets +€7,083
new in 2025: €7,083
- Profit (loss) carried forward +€39,886
up €39,886 (+383%), from €10,424 to €50,310
- Debts after one year +€20,473
up €20,473 (+576%), from €3,556 to €24,029
- Tax, wage and social debts +€19,362
new in 2025: €19,362
- Trade debts -€16,170
down €16,170 (-11.9%), from €135,537 to €119,367
- Current portion of long-term debt +€11,375
up €11,375 (+152%), from €7,475 to €18,850
- Turnover +€897,254
up €897,254 (+114%), from €787,131 to €1.7m
- Purchases and services +€827,809
up €827,809 (+114%), from €727,494 to €1.6m
- Gross operating margin +€69,445
up €69,445 (+116%), from €59,637 to €129,082
- Depreciation +€18,888
up €18,888 (+457%), from €4,132 to €23,020
- Taxes +€18,645
new in 2025: €18,645
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 | €162,305 | €240,360 | +€78,055 | +48.1% |
| Fixed assets | 21/28 | €62,986 | €138,712 | +€75,726 | +120% |
| Intangible fixed assets | 21 | €33,056 | €73,554 | +€40,498 | +123% |
| Tangible fixed assets | 22/27 | €29,930 | €58,075 | +€28,145 | +94.0% |
| Plant, machinery and equipment | 23 | - | €3,481 | +€3,481 | |
| Furniture and vehicles | 24 | - | €28,055 | +€28,055 | |
| Leasing and similar rights | 25 | €29,930 | €26,539 | -€3,391 | -11.3% |
| Financial fixed assets | 28 | - | €7,083 | +€7,083 | |
| Current assets | 29/58 | €99,319 | €101,648 | +€2,329 | +2.3% |
| Stocks and contracts in progress | 3 | €80,000 | €65,000 | -€15,000 | -18.8% |
| Stocks | 30/36 | €80,000 | €65,000 | -€15,000 | -18.8% |
| Amounts receivable within one year | 40/41 | €16,319 | €32,150 | +€15,831 | +97.0% |
| Trade receivables | 40 | - | €32,150 | +€32,150 | |
| Other amounts receivable | 41 | €16,319 | - | -€16,319 | |
| Cash at bank and in hand | 54/58 | €3,000 | €4,498 | +€1,498 | +49.9% |
| Total equity and liabilities | 10/49 | €162,305 | €240,360 | +€78,055 | +48.1% |
| Equity | 10/15 | €10,424 | €50,310 | +€39,886 | +383% |
| Profit (loss) carried forward | 14 | €10,424 | €50,310 | +€39,886 | +383% |
| Amounts payable | 17/49 | €151,881 | €190,050 | +€38,169 | +25.1% |
| Amounts payable after more than one year | 17 | €3,556 | €24,029 | +€20,473 | +576% |
| Financial debts | 170/4 | €3,556 | €24,029 | +€20,473 | +576% |
| Amounts payable within one year | 42/48 | €148,325 | €166,021 | +€17,696 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €7,475 | €18,850 | +€11,375 | +152% |
| Trade debts | 44 | €135,537 | €119,367 | -€16,170 | -11.9% |
| Suppliers | 440/4 | €135,537 | €119,367 | -€16,170 | -11.9% |
| Taxes, remuneration and social security | 45 | - | €19,362 | +€19,362 | |
| Taxes | 450/3 | - | €19,362 | +€19,362 | |
| Other amounts payable | 47/48 | €5,313 | €8,442 | +€3,129 | +58.9% |
| Turnover | 70 | €787,131 | €1,684,385 | +€897,254 | +114% |
| Goods, raw materials, services and sundry goods | 60/61 | €727,494 | €1,555,303 | +€827,809 | +114% |
| Remuneration, social security and pensions | 62 | €53,494 | €36,633 | -€16,861 | -31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,132 | €23,020 | +€18,888 | +457% |
| Other operating charges | 640/8 | €286 | €10,410 | +€10,124 | +3,540% |
| Gross operating margin | 9900 | €59,637 | €129,082 | +€69,445 | +116% |
| Operating profit (loss) | 9901 | €1,725 | €59,019 | +€57,294 | +3,321% |
| Financial income | 75/76B | - | €36 | +€36 | |
| Recurring financial income | 75 | - | €36 | +€36 | |
| Financial charges | 65/66B | - | €523 | +€523 | |
| Recurring financial charges | 65 | - | €523 | +€523 | |
| Profit (loss) for the period before taxes | 9903 | €1,725 | €58,532 | +€56,807 | +3,293% |
| Income taxes | 67/77 | - | €18,645 | +€18,645 | |
| Profit (loss) for the period | 9904 | €1,725 | €39,887 | +€38,162 | +2,212% |
| Profit (loss) for the period to be appropriated | 9905 | €1,725 | €39,887 | +€38,162 | +2,212% |
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.