NEW-NOUR: 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-NOUR
Largest movements
- Stocks and contracts +€27,339
up €27,339 (+242%), from €11,311 to €38,650
- Cash +€18,904
up €18,904 (+52.7%), from €35,862 to €54,766
mainly Trade debts (+€50,095) and Net result for the year (+€10,610)
- Receivables within one year +€7,927
up €7,927 (+20.6%), from €38,513 to €46,440
of which Trade receivables: +€7,070
- Tangible fixed assets -€4,785
down €4,785 (-100%), from €4,785 to €0
- Formation expenses +€1,492
new in 2025: €1,492
- Trade debts +€50,095
up €50,095 (+1,208%), from €4,145 to €54,240
- Profit (loss) carried forward +€10,610
up €10,610 (+17.6%), from €60,354 to €70,964
- Advances received -€7,562
down €7,562 (-100%), from €7,562 to €0
- Other debts -€1,792
no longer reported in 2025 (was €1,792)
- Gross operating margin -€8,574
down €8,574 (-20.9%), from €40,936 to €32,362
- Financial income +€6,583
up €6,583 (+576%), from €1,143 to €7,727
- Staff costs +€5,842
up €5,842 (+40.9%), from €14,268 to €20,110
- Taxes -€1,780
down €1,780 (-37.5%), from €4,743 to €2,963
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 | €91,305 | €141,658 | +€50,354 | +55.1% |
| Formation expenses | 20 | - | €1,492 | +€1,492 | |
| Fixed assets | 21/28 | €4,785 | €0 | -€4,785 | -100% |
| Tangible fixed assets | 22/27 | €4,785 | €0 | -€4,785 | -100% |
| Furniture and vehicles | 24 | €4,785 | €0 | -€4,785 | -100% |
| Current assets | 29/58 | €86,519 | €140,166 | +€53,647 | +62.0% |
| Stocks and contracts in progress | 3 | €11,311 | €38,650 | +€27,339 | +242% |
| Stocks | 30/36 | €11,311 | €38,650 | +€27,339 | +242% |
| Amounts receivable within one year | 40/41 | €38,513 | €46,440 | +€7,927 | +20.6% |
| Trade receivables | 40 | €36,290 | €43,360 | +€7,070 | +19.5% |
| Other amounts receivable | 41 | €2,223 | €3,080 | +€857 | +38.6% |
| Cash at bank and in hand | 54/58 | €35,862 | €54,766 | +€18,904 | +52.7% |
| Deferred charges and accrued income | 490/1 | €833 | €310 | -€523 | -62.8% |
| Total equity and liabilities | 10/49 | €91,305 | €141,658 | +€50,354 | +55.1% |
| Equity | 10/15 | €67,044 | €77,654 | +€10,610 | +15.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €490 | €490 | = | 0.0% |
| Distributable reserves | 133 | €490 | €490 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,354 | €70,964 | +€10,610 | +17.6% |
| Amounts payable | 17/49 | €24,261 | €64,004 | +€39,743 | +164% |
| Amounts payable within one year | 42/48 | €24,261 | €64,004 | +€39,743 | +164% |
| Trade debts | 44 | €4,145 | €54,240 | +€50,095 | +1,208% |
| Suppliers | 440/4 | €4,145 | €54,240 | +€50,095 | +1,208% |
| Advances received on contracts in progress | 46 | €7,562 | €0 | -€7,562 | -100% |
| Taxes, remuneration and social security | 45 | €10,762 | €9,764 | -€998 | -9.3% |
| Taxes | 450/3 | €9,010 | €8,244 | -€766 | -8.5% |
| Remuneration and social security | 454/9 | €1,752 | €1,520 | -€232 | -13.2% |
| Other amounts payable | 47/48 | €1,792 | - | -€1,792 | |
| Remuneration, social security and pensions | 62 | €14,268 | €20,110 | +€5,842 | +40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,198 | €5,093 | -€104 | -2.0% |
| Other operating charges | 640/8 | €1,393 | €1,206 | -€187 | -13.4% |
| Gross operating margin | 9900 | €40,936 | €32,362 | -€8,574 | -20.9% |
| Operating profit (loss) | 9901 | €20,077 | €5,952 | -€14,125 | -70.4% |
| Financial income | 75/76B | €1,143 | €7,727 | +€6,583 | +576% |
| Recurring financial income | 75 | €1,143 | €7,727 | +€6,583 | +576% |
| Financial charges | 65/66B | €104 | €106 | +€2 | +1.8% |
| Recurring financial charges | 65 | €104 | €106 | +€2 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €21,116 | €13,573 | -€7,543 | -35.7% |
| Income taxes | 67/77 | €4,743 | €2,963 | -€1,780 | -37.5% |
| Profit (loss) for the period | 9904 | €16,373 | €10,610 | -€5,763 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,373 | €10,610 | -€5,763 | -35.2% |
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 22 October 2026 via checked.be.