NEW-C: 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-C
Largest movements
- Receivables within one year -€47,692
down €47,692 (-13.3%), from €357,832 to €310,140
of which Trade receivables: -€24,000
- Tangible fixed assets -€26,167
down €26,167 (-2.3%), from €1.2m to €1.1m
- Debts after one year -€28,719
down €28,719 (-4.6%), from €618,600 to €589,882
of which Financial debts: -€32,469
- Tax, wage and social debts -€20,559
down €20,559 (-81.9%), from €25,111 to €4,552
- Other debts +€16,800
new in 2025: €16,800
- Gross operating margin -€21,274
down €21,274 (-37.2%), from €57,248 to €35,974
- Other operating charges -€13,485
down €13,485 (-86.5%), from €15,592 to €2,107
- Financial charges -€10,340
down €10,340 (-28.2%), from €36,716 to €26,376
- Depreciation +€1,593
up €1,593 (+6.5%), from €24,574 to €26,167
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 | €1,515,728 | €1,451,151 | -€64,578 | -4.3% |
| Fixed assets | 21/28 | €1,154,913 | €1,128,746 | -€26,167 | -2.3% |
| Tangible fixed assets | 22/27 | €1,154,913 | €1,128,746 | -€26,167 | -2.3% |
| Land and buildings | 22 | €1,154,913 | €1,128,746 | -€26,167 | -2.3% |
| Current assets | 29/58 | €360,815 | €322,404 | -€38,410 | -10.6% |
| Amounts receivable within one year | 40/41 | €357,832 | €310,140 | -€47,692 | -13.3% |
| Trade receivables | 40 | €24,000 | - | -€24,000 | |
| Other amounts receivable | 41 | €333,832 | €310,140 | -€23,692 | -7.1% |
| Cash at bank and in hand | 54/58 | €2,624 | €10,544 | +€7,919 | +301.8% |
| Deferred charges and accrued income | 490/1 | €358 | €1,721 | +€1,363 | +380.4% |
| Total equity and liabilities | 10/49 | €1,515,728 | €1,451,151 | -€64,578 | -4.3% |
| Equity | 10/15 | €617,878 | €605,668 | -€12,210 | -2.0% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Revaluation surpluses | 12 | €290,000 | €290,000 | = | 0.0% |
| Reserves | 13 | €450,060 | €439,050 | -€11,010 | -2.4% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €345,846 | €334,837 | -€11,010 | -3.2% |
| Distributable reserves | 133 | €101,115 | €101,115 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€153,168 | -€154,369 | -€1,201 | -0.8% |
| Provisions and deferred taxes | 16 | €197,211 | €190,745 | -€6,466 | -3.3% |
| Deferred taxes | 168 | €197,211 | €190,745 | -€6,466 | -3.3% |
| Amounts payable | 17/49 | €700,639 | €654,738 | -€45,902 | -6.6% |
| Amounts payable after more than one year | 17 | €618,600 | €589,882 | -€28,719 | -4.6% |
| Financial debts | 170/4 | €607,800 | €575,332 | -€32,469 | -5.3% |
| Other amounts payable | 178/9 | €10,800 | €14,550 | +€3,750 | +34.7% |
| Amounts payable within one year | 42/48 | €67,939 | €61,821 | -€6,118 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €31,187 | €32,469 | +€1,282 | +4.1% |
| Trade debts | 44 | €11,641 | €8,000 | -€3,641 | -31.3% |
| Suppliers | 440/4 | €11,641 | €8,000 | -€3,641 | -31.3% |
| Taxes, remuneration and social security | 45 | €25,111 | €4,552 | -€20,559 | -81.9% |
| Taxes | 450/3 | €25,111 | €4,552 | -€20,559 | -81.9% |
| Other amounts payable | 47/48 | - | €16,800 | +€16,800 | |
| Accrued charges and deferred income | 492/3 | €14,100 | €3,035 | -€11,065 | -78.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,574 | €26,167 | +€1,593 | +6.5% |
| Other operating charges | 640/8 | €15,592 | €2,107 | -€13,485 | -86.5% |
| Gross operating margin | 9900 | €57,248 | €35,974 | -€21,274 | -37.2% |
| Operating profit (loss) | 9901 | €17,082 | €7,699 | -€9,383 | -54.9% |
| Financial income | 75/76B | €200 | - | -€200 | |
| Recurring financial income | 75 | €200 | - | -€200 | |
| Financial charges | 65/66B | €36,716 | €26,376 | -€10,340 | -28.2% |
| Recurring financial charges | 65 | €36,716 | €26,376 | -€10,340 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,433 | -€18,676 | +€757 | +3.9% |
| Transfer from deferred taxes | 780 | €6,466 | €6,466 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€12,967 | -€12,210 | +€757 | +5.8% |
| Transfer from tax-exempt reserves | 789 | €11,010 | €11,010 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,958 | -€1,201 | +€757 | +38.7% |
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 5 October 2026 via checked.be.