NAWADI: 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.
NAWADI
Largest movements
- Cash -€32,041
down €32,041 (-43.4%), from €73,780 to €41,739
mainly Contributions, distributions and other (-€102,857) and Trade debts (-€1,236)
- Receivables within one year -€9,390
down €9,390 (-15.8%), from €59,402 to €50,013
of which Other amounts receivable: -€12,288
- Profit (loss) carried forward -€61,613
down €61,613 (-59.9%), from €102,857 to €41,244
- Other debts +€15,567
new in 2025: €15,567
- Tax, wage and social debts +€6,212
up €6,212 (+33.7%), from €18,452 to €24,664
- Gross operating margin +€20,727
up €20,727 (+60.2%), from €34,457 to €55,184
- Taxes +€5,095
up €5,095 (+63.2%), from €8,063 to €13,158
- Financial income +€666
up €666 (+39.0%), from €1,707 to €2,373
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 | €133,182 | €92,113 | -€41,069 | -30.8% |
| Current assets | 29/58 | €133,182 | €92,113 | -€41,069 | -30.8% |
| Amounts receivable within one year | 40/41 | €59,402 | €50,013 | -€9,390 | -15.8% |
| Trade receivables | 40 | €9,406 | €12,305 | +€2,899 | +30.8% |
| Other amounts receivable | 41 | €49,996 | €37,707 | -€12,288 | -24.6% |
| Cash at bank and in hand | 54/58 | €73,780 | €41,739 | -€32,041 | -43.4% |
| Deferred charges and accrued income | 490/1 | - | €361 | +€361 | |
| Total equity and liabilities | 10/49 | €133,182 | €92,113 | -€41,069 | -30.8% |
| Equity | 10/15 | €105,357 | €43,744 | -€61,613 | -58.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,857 | €41,244 | -€61,613 | -59.9% |
| Amounts payable | 17/49 | €27,825 | €48,369 | +€20,544 | +73.8% |
| Amounts payable within one year | 42/48 | €27,825 | €48,369 | +€20,544 | +73.8% |
| Trade debts | 44 | €9,374 | €8,138 | -€1,236 | -13.2% |
| Suppliers | 440/4 | €9,374 | €8,138 | -€1,236 | -13.2% |
| Taxes, remuneration and social security | 45 | €18,452 | €24,664 | +€6,212 | +33.7% |
| Taxes | 450/3 | €18,452 | €24,664 | +€6,212 | +33.7% |
| Other amounts payable | 47/48 | - | €15,567 | +€15,567 | |
| Non-recurring operating income | 76A | - | €15 | +€15 | |
| Other operating charges | 640/8 | €788 | €930 | +€142 | +18.0% |
| Gross operating margin | 9900 | €34,457 | €55,184 | +€20,727 | +60.2% |
| Operating profit (loss) | 9901 | €33,669 | €54,254 | +€20,586 | +61.1% |
| Financial income | 75/76B | €1,707 | €2,373 | +€666 | +39.0% |
| Recurring financial income | 75 | €1,707 | €2,373 | +€666 | +39.0% |
| Financial charges | 65/66B | €2,470 | €2,225 | -€245 | -9.9% |
| Recurring financial charges | 65 | €2,470 | €2,225 | -€245 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €32,906 | €54,402 | +€21,496 | +65.3% |
| Income taxes | 67/77 | €8,063 | €13,158 | +€5,095 | +63.2% |
| Profit (loss) for the period | 9904 | €24,843 | €41,244 | +€16,401 | +66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,843 | €41,244 | +€16,401 | +66.0% |
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 21 October 2026 via checked.be.