NEW FRONTIER SERVICES: 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.
NEW FRONTIER SERVICES
Largest movements
- Tangible fixed assets -€38,427
down €38,427 (-6.3%), from €610,303 to €571,876
of which Land and buildings: -€34,805
- Receivables within one year -€24,064
down €24,064 (-12.2%), from €197,485 to €173,421
of which Other amounts receivable: -€28,811
- Debts after one year -€47,832
down €47,832 (-13.5%), from €354,034 to €306,202
- Profit (loss) carried forward -€31,331
down €31,331 (-27.1%), from €115,413 to €84,082
- Short-term financial debts +€13,176
up €13,176 (+25.7%), from €51,291 to €64,467
- Tax, wage and social debts -€8,347
down €8,347 (-33.6%), from €24,878 to €16,531
of which Taxes: -€16,582
- Gross operating margin -€17,843
down €17,843 (-23.4%), from €76,131 to €58,287
- Staff costs -€1,779
down €1,779 (-7.5%), from €23,620 to €21,841
- Depreciation +€1,397
up €1,397 (+3.8%), from €37,030 to €38,427
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 | €817,742 | €748,525 | -€69,217 | -8.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €610,303 | €571,876 | -€38,427 | -6.3% |
| Tangible fixed assets | 22/27 | €610,303 | €571,876 | -€38,427 | -6.3% |
| Land and buildings | 22 | €599,383 | €564,578 | -€34,805 | -5.8% |
| Plant, machinery and equipment | 23 | €6,413 | €4,656 | -€1,756 | -27.4% |
| Furniture and vehicles | 24 | €4,507 | €2,641 | -€1,866 | -41.4% |
| Current assets | 29/58 | €207,439 | €176,649 | -€30,790 | -14.8% |
| Amounts receivable within one year | 40/41 | €197,485 | €173,421 | -€24,064 | -12.2% |
| Trade receivables | 40 | €164,269 | €169,016 | +€4,747 | +2.9% |
| Other amounts receivable | 41 | €33,216 | €4,405 | -€28,811 | -86.7% |
| Cash at bank and in hand | 54/58 | €5,661 | €0 | -€5,661 | -100% |
| Deferred charges and accrued income | 490/1 | €4,293 | €3,228 | -€1,065 | -24.8% |
| Total equity and liabilities | 10/49 | €817,742 | €748,525 | -€69,217 | -8.5% |
| Equity | 10/15 | €267,873 | €236,542 | -€31,331 | -11.7% |
| Contributions | 10/11 | €138,600 | €138,600 | = | 0.0% |
| Reserves | 13 | €13,860 | €13,860 | = | 0.0% |
| Distributable reserves | 133 | €13,860 | €13,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,413 | €84,082 | -€31,331 | -27.1% |
| Amounts payable | 17/49 | €549,868 | €511,983 | -€37,885 | -6.9% |
| Amounts payable after more than one year | 17 | €354,034 | €306,202 | -€47,832 | -13.5% |
| Financial debts | 170/4 | €354,034 | €306,202 | -€47,832 | -13.5% |
| Amounts payable within one year | 42/48 | €195,835 | €205,781 | +€9,946 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €46,560 | €47,832 | +€1,271 | +2.7% |
| Financial debts | 43 | €51,291 | €64,467 | +€13,176 | +25.7% |
| Credit institutions | 430/8 | €51,291 | €64,467 | +€13,176 | +25.7% |
| Trade debts | 44 | €31,925 | €35,771 | +€3,846 | +12.0% |
| Suppliers | 440/4 | €31,925 | €35,771 | +€3,846 | +12.0% |
| Taxes, remuneration and social security | 45 | €24,878 | €16,531 | -€8,347 | -33.6% |
| Taxes | 450/3 | €21,079 | €4,497 | -€16,582 | -78.7% |
| Remuneration and social security | 454/9 | €3,799 | €12,033 | +€8,235 | +217% |
| Other amounts payable | 47/48 | €41,181 | €41,181 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €23,620 | €21,841 | -€1,779 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,030 | €38,427 | +€1,397 | +3.8% |
| Other operating charges | 640/8 | €7,087 | €7,790 | +€703 | +9.9% |
| Gross operating margin | 9900 | €76,131 | €58,287 | -€17,843 | -23.4% |
| Operating profit (loss) | 9901 | €8,394 | -€9,770 | -€18,164 | |
| Financial income | 75/76B | €1,236 | €788 | -€449 | -36.3% |
| Recurring financial income | 75 | €1,236 | €788 | -€449 | -36.3% |
| Financial charges | 65/66B | €22,588 | €22,086 | -€502 | -2.2% |
| Recurring financial charges | 65 | €22,588 | €22,086 | -€502 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€12,957 | -€31,068 | -€18,111 | -140% |
| Income taxes | 67/77 | €302 | €263 | -€39 | -13.0% |
| Profit (loss) for the period | 9904 | -€13,260 | -€31,331 | -€18,072 | -136% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,260 | -€31,331 | -€18,072 | -136% |
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 29 October 2026 via checked.be.