NAWID: 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.
NAWID
Largest movements
- Stocks and contracts +€8,640
up €8,640 (+11.0%), from €78,273 to €86,913
- Tangible fixed assets -€8,103
down €8,103 (-43.2%), from €18,753 to €10,650
of which Furniture and vehicles: -€7,118
- Receivables within one year -€5,385
down €5,385 (-69.7%), from €7,725 to €2,340
- Cash +€2,290
up €2,290 (+31.7%), from €7,226 to €9,517
mainly Trade debts (+€33,217) and Depreciation (+€8,603)
- Profit (loss) carried forward -€37,764
down €37,764 (-559%), from -€6,760 to -€44,524
- Trade debts +€33,217
up €33,217 (+328%), from €10,137 to €43,354
- Other debts +€6,445
up €6,445 (+7.3%), from €87,854 to €94,298
- Tax, wage and social debts -€4,932
down €4,932 (-84.2%), from €5,855 to €923
of which Taxes: -€5,647
- Gross operating margin -€75,509
down €75,509, from €53,169 to -€22,340
- Staff costs +€1,987
up €1,987 (+124%), from €1,606 to €3,593
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 | €115,817 | €112,783 | -€3,034 | -2.6% |
| Fixed assets | 21/28 | €22,134 | €13,531 | -€8,603 | -38.9% |
| Intangible fixed assets | 21 | €3,381 | €2,881 | -€500 | -14.8% |
| Tangible fixed assets | 22/27 | €18,753 | €10,650 | -€8,103 | -43.2% |
| Plant, machinery and equipment | 23 | €1,882 | €898 | -€984 | -52.3% |
| Furniture and vehicles | 24 | €16,871 | €9,753 | -€7,118 | -42.2% |
| Current assets | 29/58 | €93,683 | €99,252 | +€5,569 | +5.9% |
| Stocks and contracts in progress | 3 | €78,273 | €86,913 | +€8,640 | +11.0% |
| Stocks | 30/36 | €78,273 | €86,913 | +€8,640 | +11.0% |
| Amounts receivable within one year | 40/41 | €7,725 | €2,340 | -€5,385 | -69.7% |
| Other amounts receivable | 41 | €7,725 | €2,340 | -€5,385 | -69.7% |
| Cash at bank and in hand | 54/58 | €7,226 | €9,517 | +€2,290 | +31.7% |
| Deferred charges and accrued income | 490/1 | €459 | €482 | +€23 | +5.0% |
| Total equity and liabilities | 10/49 | €115,817 | €112,783 | -€3,034 | -2.6% |
| Equity | 10/15 | €11,972 | -€25,792 | -€37,764 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €132 | €132 | = | 0.0% |
| Non-distributable reserves | 130/1 | €132 | €132 | = | 0.0% |
| Reserves not available under the articles | 1311 | €132 | €132 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,760 | -€44,524 | -€37,764 | -559% |
| Amounts payable | 17/49 | €103,845 | €138,575 | +€34,730 | +33.4% |
| Amounts payable within one year | 42/48 | €103,845 | €138,575 | +€34,730 | +33.4% |
| Trade debts | 44 | €10,137 | €43,354 | +€33,217 | +328% |
| Suppliers | 440/4 | €10,137 | €43,354 | +€33,217 | +328% |
| Taxes, remuneration and social security | 45 | €5,855 | €923 | -€4,932 | -84.2% |
| Taxes | 450/3 | €5,855 | €208 | -€5,647 | -96.5% |
| Remuneration and social security | 454/9 | - | €715 | +€715 | |
| Other amounts payable | 47/48 | €87,854 | €94,298 | +€6,445 | +7.3% |
| Remuneration, social security and pensions | 62 | €1,606 | €3,593 | +€1,987 | +124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,853 | €8,603 | -€250 | -2.8% |
| Other operating charges | 640/8 | €2,867 | €3,130 | +€263 | +9.2% |
| Gross operating margin | 9900 | €53,169 | -€22,340 | -€75,509 | |
| Operating profit (loss) | 9901 | €39,843 | -€37,665 | -€77,508 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €119 | €99 | -€20 | -16.8% |
| Recurring financial charges | 65 | €119 | €99 | -€20 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €39,724 | -€37,764 | -€77,488 | |
| Profit (loss) for the period | 9904 | €39,724 | -€37,764 | -€77,488 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,724 | -€37,764 | -€77,488 |
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 25 October 2026 via checked.be.