New Stop: 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 Stop
Largest movements
- Receivables within one year +€30,763
up €30,763 (+259.7%), from €11,847 to €42,610
of which Other amounts receivable: +€29,245
- Cash -€3,561
down €3,561 (-17.8%), from €20,060 to €16,499
mainly Receivables within one year (-€30,763) and Trade debts (-€531)
- Deferred charges and accrued income -€1,024
down €1,024 (-58.5%), from €1,750 to €726
- Tangible fixed assets -€773
down €773 (-53.7%), from €1,438 to €665
of which Other tangible fixed assets: -€410
- Other debts +€16,183
up €16,183 (+117.1%), from €13,817 to €30,000
- Reserves +€9,877
up €9,877 (+87.3%), from €11,311 to €21,187
of which Distributable reserves: +€9,877
- Financial income -€29,829
down €29,829 (-99.4%), from €30,010 to €181
- Gross operating margin -€24,696
down €24,696 (-59.9%), from €41,206 to €16,511
- Taxes +€4,305
up €4,305 (+860.9%), from €500 to €4,805
- Financial charges -€3,442
down €3,442 (-82.8%), from €4,159 to €717
- Other operating charges -€442
down €442 (-46.0%), from €962 to €520
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 | €46,968 | €72,373 | +€25,405 | +54.1% |
| Fixed assets | 21/28 | €13,288 | €12,515 | -€773 | -5.8% |
| Tangible fixed assets | 22/27 | €1,438 | €665 | -€773 | -53.7% |
| Plant, machinery and equipment | 23 | €696 | €333 | -€363 | -52.2% |
| Other tangible fixed assets | 26 | €742 | €332 | -€410 | -55.2% |
| Financial fixed assets | 28 | €11,850 | €11,850 | = | 0.0% |
| Current assets | 29/58 | €33,680 | €59,858 | +€26,178 | +77.7% |
| Amounts receivable within one year | 40/41 | €11,847 | €42,610 | +€30,763 | +259.7% |
| Trade receivables | 40 | €849 | €2,368 | +€1,519 | +178.9% |
| Other amounts receivable | 41 | €10,998 | €40,243 | +€29,245 | +265.9% |
| Current investments | 50/53 | €22 | €22 | -€0 | -0.7% |
| Cash at bank and in hand | 54/58 | €20,060 | €16,499 | -€3,561 | -17.8% |
| Deferred charges and accrued income | 490/1 | €1,750 | €726 | -€1,024 | -58.5% |
| Total equity and liabilities | 10/49 | €46,968 | €72,373 | +€25,405 | +54.1% |
| Equity | 10/15 | €31,762 | €41,639 | +€9,877 | +31.1% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €11,311 | €21,187 | +€9,877 | +87.3% |
| Tax-exempt reserves | 132 | €2,028 | €2,028 | = | 0.0% |
| Distributable reserves | 133 | €9,283 | €19,160 | +€9,877 | +106.4% |
| Amounts payable | 17/49 | €15,206 | €30,734 | +€15,528 | +102.1% |
| Amounts payable within one year | 42/48 | €14,481 | €30,134 | +€15,653 | +108.1% |
| Trade debts | 44 | €664 | €134 | -€531 | -79.9% |
| Suppliers | 440/4 | €664 | €134 | -€531 | -79.9% |
| Other amounts payable | 47/48 | €13,817 | €30,000 | +€16,183 | +117.1% |
| Accrued charges and deferred income | 492/3 | €725 | €600 | -€124 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €773 | €773 | = | 0.0% |
| Other operating charges | 640/8 | €962 | €520 | -€442 | -46.0% |
| Gross operating margin | 9900 | €41,206 | €16,511 | -€24,696 | -59.9% |
| Operating profit (loss) | 9901 | €39,472 | €15,218 | -€24,254 | -61.4% |
| Financial income | 75/76B | €30,010 | €181 | -€29,829 | -99.4% |
| Recurring financial income | 75 | €30,010 | €181 | -€29,829 | -99.4% |
| Financial charges | 65/66B | €4,159 | €717 | -€3,442 | -82.8% |
| Recurring financial charges | 65 | €4,159 | €717 | -€3,442 | -82.8% |
| Profit (loss) for the period before taxes | 9903 | €65,323 | €14,681 | -€50,641 | -77.5% |
| Income taxes | 67/77 | €500 | €4,805 | +€4,305 | +860.9% |
| Profit (loss) for the period | 9904 | €64,823 | €9,877 | -€54,946 | -84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,823 | €9,877 | -€54,946 | -84.8% |
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.