New Ventures: 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 Ventures
Largest movements
- Receivables after one year +€9,000
new in 2025: €9,000
- Receivables within one year -€6,878
down €6,878 (-62.7%), from €10,962 to €4,084
of which Trade receivables: -€6,678
- Cash -€2,082
down €2,082 (-61.3%), from €3,397 to €1,316
mainly Receivables after one year (-€9,000) and Net result for the year (-€3,247)
- Stocks and contracts -€1,535
down €1,535 (-100%), from €1,535 to €0
- Reserves -€2,161
down €2,161 (-100%), from €2,161 to €0
- Trade debts +€1,885
up €1,885 (+328%), from €575 to €2,460
- Profit (loss) carried forward -€1,086
new in 2025: -€1,086
- Financial charges +€1,216
up €1,216 (+1,706%), from €71 to €1,287
- Gross operating margin -€521
down €521 (-114%), from -€458 to -€978
- Write-downs +€455
new in 2025: €455
- Other operating charges +€14
up €14 (+2.8%), from €513 to €527
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 | €15,894 | €14,400 | -€1,494 | -9.4% |
| Current assets | 29/58 | €15,894 | €14,400 | -€1,494 | -9.4% |
| Amounts receivable after more than one year | 29 | - | €9,000 | +€9,000 | |
| Other amounts receivable | 291 | - | €9,000 | +€9,000 | |
| Stocks and contracts in progress | 3 | €1,535 | €0 | -€1,535 | -100% |
| Stocks | 30/36 | €1,535 | €0 | -€1,535 | -100% |
| Amounts receivable within one year | 40/41 | €10,962 | €4,084 | -€6,878 | -62.7% |
| Trade receivables | 40 | €10,762 | €4,084 | -€6,678 | -62.0% |
| Other amounts receivable | 41 | €200 | €0 | -€200 | -100% |
| Cash at bank and in hand | 54/58 | €3,397 | €1,316 | -€2,082 | -61.3% |
| Total equity and liabilities | 10/49 | €15,894 | €14,400 | -€1,494 | -9.4% |
| Equity | 10/15 | €14,361 | €11,114 | -€3,247 | -22.6% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Reserves | 13 | €2,161 | €0 | -€2,161 | -100% |
| Distributable reserves | 133 | €2,161 | €0 | -€2,161 | -100% |
| Profit (loss) carried forward | 14 | - | -€1,086 | -€1,086 | |
| Amounts payable | 17/49 | €1,533 | €3,286 | +€1,753 | +114% |
| Amounts payable after more than one year | 17 | €742 | €742 | = | 0.0% |
| Other amounts payable | 178/9 | €742 | €742 | = | 0.0% |
| Amounts payable within one year | 42/48 | €792 | €2,545 | +€1,753 | +221% |
| Trade debts | 44 | €575 | €2,460 | +€1,885 | +328% |
| Suppliers | 440/4 | €575 | €2,460 | +€1,885 | +328% |
| Taxes, remuneration and social security | 45 | €217 | €84 | -€132 | -61.0% |
| Taxes | 450/3 | €217 | €84 | -€132 | -61.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €455 | +€455 | |
| Other operating charges | 640/8 | €513 | €527 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€458 | -€978 | -€521 | -114% |
| Operating profit (loss) | 9901 | -€971 | -€1,961 | -€990 | -102% |
| Financial charges | 65/66B | €71 | €1,287 | +€1,216 | +1,706% |
| Recurring financial charges | 65 | €71 | €1,287 | +€1,216 | +1,706% |
| Profit (loss) for the period before taxes | 9903 | -€1,042 | -€3,247 | -€2,205 | -212% |
| Income taxes | 67/77 | €10 | €0 | -€10 | -100% |
| Profit (loss) for the period | 9904 | -€1,051 | -€3,247 | -€2,196 | -209% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,051 | -€3,247 | -€2,196 | -209% |
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 27 October 2026 via checked.be.