NAWFAL BL: what changed
NAWFAL BL
Largest movements
- Receivables within one year +€6,790
up €6,790 (+395%), from €1,720 to €8,510
of which Trade receivables: +€6,473
- Cash +€239
up €239 (+14.7%), from €1,622 to €1,861
mainly Trade debts (+€8,763) and Net result for the year (+€1,715)
- Stocks and contracts +€216
up €216 (+10.2%), from €2,126 to €2,343
- Trade debts +€8,763
up €8,763 (+91,280%), from €10 to €8,772
- Other debts -€4,761
down €4,761 (-18.2%), from €26,111 to €21,350
- Profit (loss) carried forward +€1,715
up €1,715 (+7.5%), from -€22,815 to -€21,100
- Tax, wage and social debts +€1,528
up €1,528 (+90.9%), from €1,681 to €3,209
of which Taxes: +€878
- Other operating charges -€96
down €96 (-15.1%), from €637 to €541
- Financial charges -€74
down €74 (-41.1%), from €179 to €105
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,486 | €14,731 | +€7,245 | +96.8% |
| Fixed assets | 21/28 | €2,000 | €2,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €5,486 | €12,731 | +€7,245 | +132% |
| Stocks and contracts in progress | 3 | €2,126 | €2,343 | +€216 | +10.2% |
| Stocks | 30/36 | €2,126 | €2,343 | +€216 | +10.2% |
| Amounts receivable within one year | 40/41 | €1,720 | €8,510 | +€6,790 | +395% |
| Trade receivables | 40 | €1,720 | €8,193 | +€6,473 | +376% |
| Other amounts receivable | 41 | - | €317 | +€317 | |
| Cash at bank and in hand | 54/58 | €1,622 | €1,861 | +€239 | +14.7% |
| Deferred charges and accrued income | 490/1 | €18 | €18 | = | 0.0% |
| Total equity and liabilities | 10/49 | €7,486 | €14,731 | +€7,245 | +96.8% |
| Equity | 10/15 | -€20,315 | -€18,600 | +€1,715 | +8.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,815 | -€21,100 | +€1,715 | +7.5% |
| Amounts payable | 17/49 | €27,801 | €33,332 | +€5,530 | +19.9% |
| Amounts payable within one year | 42/48 | €27,801 | €33,332 | +€5,530 | +19.9% |
| Trade debts | 44 | €10 | €8,772 | +€8,763 | +91,280% |
| Suppliers | 440/4 | €10 | €8,772 | +€8,763 | +91,280% |
| Taxes, remuneration and social security | 45 | €1,681 | €3,209 | +€1,528 | +90.9% |
| Taxes | 450/3 | €431 | €1,309 | +€878 | +204% |
| Remuneration and social security | 454/9 | €1,250 | €1,900 | +€650 | +52.0% |
| Other amounts payable | 47/48 | €26,111 | €21,350 | -€4,761 | -18.2% |
| Other operating charges | 640/8 | €637 | €541 | -€96 | -15.1% |
| Gross operating margin | 9900 | €2,373 | €2,361 | -€12 | -0.5% |
| Operating profit (loss) | 9901 | €1,736 | €1,820 | +€84 | +4.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €179 | €105 | -€74 | -41.1% |
| Recurring financial charges | 65 | €179 | €105 | -€74 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | €1,557 | €1,715 | +€158 | +10.1% |
| Profit (loss) for the period | 9904 | €1,557 | €1,715 | +€158 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,557 | €1,715 | +€158 | +10.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.