New Balls: 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.
New Balls
Largest movements
- Tangible fixed assets -€42,830
down €42,830 (-13.8%), from €311,296 to €268,466
of which Plant, machinery and equipment: -€30,879
- Receivables after one year -€33,563
no longer reported in 2025 (was €33,563)
- Deferred charges and accrued income +€22,144
up €22,144 (+103.6%), from €21,372 to €43,516
- Cash +€15,900
up €15,900 (+102.4%), from €15,523 to €31,423
mainly Depreciation (+€42,830) and Receivables after one year (+€33,563)
- Receivables within one year +€8,305
up €8,305 (+47.9%), from €17,352 to €25,657
of which Other amounts receivable: +€8,004
- Debts after one year -€38,551
down €38,551 (-37.4%), from €103,157 to €64,606
- Trade debts +€23,520
new in 2025: €23,520
- Accrued charges and deferred income -€21,806
down €21,806 (-99.4%), from €21,926 to €121
- Profit (loss) carried forward +€8,829
up €8,829 (+4.5%), from €195,622 to €204,452
- Tax, wage and social debts -€7,082
down €7,082 (-37.2%), from €19,044 to €11,962
- Depreciation -€19,960
down €19,960 (-31.8%), from €62,790 to €42,830
- Staff costs +€3,704
up €3,704 (+18.5%), from €19,985 to €23,689
- Taxes +€3,679
up €3,679 (+84.3%), from €4,367 to €8,045
- Gross operating margin +€1,066
up €1,066 (+1.1%), from €97,815 to €98,881
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 | €403,760 | €371,760 | -€31,999 | -7.9% |
| Fixed assets | 21/28 | €311,296 | €268,466 | -€42,830 | -13.8% |
| Tangible fixed assets | 22/27 | €311,296 | €268,466 | -€42,830 | -13.8% |
| Plant, machinery and equipment | 23 | €274,353 | €243,473 | -€30,879 | -11.3% |
| Furniture and vehicles | 24 | €7,728 | €4,316 | -€3,412 | -44.1% |
| Leasing and similar rights | 25 | €29,215 | €20,676 | -€8,539 | -29.2% |
| Current assets | 29/58 | €92,464 | €103,295 | +€10,831 | +11.7% |
| Amounts receivable after more than one year | 29 | €33,563 | - | -€33,563 | |
| Other amounts receivable | 291 | €33,563 | - | -€33,563 | |
| Stocks and contracts in progress | 3 | €4,610 | €2,700 | -€1,910 | -41.4% |
| Stocks | 30/36 | €4,610 | €2,700 | -€1,910 | -41.4% |
| Amounts receivable within one year | 40/41 | €17,352 | €25,657 | +€8,305 | +47.9% |
| Trade receivables | 40 | €6,234 | €6,534 | +€300 | +4.8% |
| Other amounts receivable | 41 | €11,118 | €19,122 | +€8,004 | +72.0% |
| Current investments | 50/53 | €45 | - | -€45 | |
| Cash at bank and in hand | 54/58 | €15,523 | €31,423 | +€15,900 | +102.4% |
| Deferred charges and accrued income | 490/1 | €21,372 | €43,516 | +€22,144 | +103.6% |
| Total equity and liabilities | 10/49 | €403,760 | €371,760 | -€31,999 | -7.9% |
| Equity | 10/15 | €221,822 | €230,652 | +€8,829 | +4.0% |
| Contributions | 10/11 | €26,200 | €26,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €195,622 | €204,452 | +€8,829 | +4.5% |
| Amounts payable | 17/49 | €181,937 | €141,109 | -€40,829 | -22.4% |
| Amounts payable after more than one year | 17 | €103,157 | €64,606 | -€38,551 | -37.4% |
| Financial debts | 170/4 | €103,157 | €64,606 | -€38,551 | -37.4% |
| Amounts payable within one year | 42/48 | €56,854 | €76,382 | +€19,528 | +34.3% |
| Current portion of amounts payable after more than one year | 42 | €37,810 | €40,899 | +€3,089 | +8.2% |
| Trade debts | 44 | - | €23,520 | +€23,520 | |
| Suppliers | 440/4 | - | €23,520 | +€23,520 | |
| Taxes, remuneration and social security | 45 | €19,044 | €11,962 | -€7,082 | -37.2% |
| Taxes | 450/3 | €19,044 | €11,962 | -€7,082 | -37.2% |
| Accrued charges and deferred income | 492/3 | €21,926 | €121 | -€21,806 | -99.4% |
| Remuneration, social security and pensions | 62 | €19,985 | €23,689 | +€3,704 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,790 | €42,830 | -€19,960 | -31.8% |
| Other operating charges | 640/8 | €8,333 | €8,540 | +€207 | +2.5% |
| Gross operating margin | 9900 | €97,815 | €98,881 | +€1,066 | +1.1% |
| Operating profit (loss) | 9901 | €6,707 | €23,823 | +€17,116 | +255.2% |
| Financial income | 75/76B | €1 | €13 | +€12 | +1379.8% |
| Recurring financial income | 75 | €1 | €13 | +€12 | +1379.8% |
| Financial charges | 65/66B | €5,849 | €6,823 | +€974 | +16.7% |
| Recurring financial charges | 65 | €5,849 | €6,823 | +€974 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €858 | €17,013 | +€16,154 | +1881.7% |
| Income taxes | 67/77 | €4,367 | €8,045 | +€3,679 | +84.3% |
| Profit (loss) for the period | 9904 | -€3,508 | €8,967 | +€12,475 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,508 | €8,967 | +€12,475 |
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 6 October 2026 via checked.be.