NEW WEAR: what changed
NEW WEAR
Largest movements
- Cash -€39,495
down €39,495 (-20.7%), from €190,849 to €151,354
mainly Other debts (-€24,730) and Net result for the year (-€20,102)
- Tangible fixed assets -€26,209
down €26,209 (-46.2%), from €56,751 to €30,542
of which Furniture and vehicles: -€26,298
- Receivables within one year +€10,766
up €10,766 (+80.7%), from €13,336 to €24,102
of which Trade receivables: +€14,583
- Deferred charges and accrued income +€7,130
new in 2025: €7,130
- Other debts -€24,730
down €24,730 (-98.7%), from €25,067 to €337
- Profit (loss) carried forward -€20,102
new in 2025: -€20,102
- Tax, wage and social debts -€7,699
down €7,699 (-98.1%), from €7,844 to €146
- Trade debts +€3,137
up €3,137 (+92.7%), from €3,382 to €6,519
- Gross operating margin -€53,481
down €53,481 (-97.4%), from €54,921 to €1,440
- Taxes -€10,364
down €10,364 (-95.3%), from €10,872 to €508
- Depreciation -€5,688
down €5,688 (-21.4%), from €26,524 to €20,836
- Financial income -€1,556
down €1,556 (-56.0%), from €2,779 to €1,223
- Financial charges -€903
down €903 (-54.8%), from €1,648 to €745
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €262,766 | €213,373 | -€49,393 | -18.8% |
| Fixed assets | 21/28 | €56,996 | €30,787 | -€26,209 | -46.0% |
| Tangible fixed assets | 22/27 | €56,751 | €30,542 | -€26,209 | -46.2% |
| Plant, machinery and equipment | 23 | €4,368 | €4,952 | +€585 | +13.4% |
| Furniture and vehicles | 24 | €51,185 | €24,887 | -€26,298 | -51.4% |
| Other tangible fixed assets | 26 | €1,198 | €703 | -€495 | -41.3% |
| Financial fixed assets | 28 | €245 | €245 | = | 0.0% |
| Current assets | 29/58 | €205,770 | €182,586 | -€23,184 | -11.3% |
| Stocks and contracts in progress | 3 | €1,586 | - | -€1,586 | |
| Stocks | 30/36 | €1,586 | - | -€1,586 | |
| Amounts receivable within one year | 40/41 | €13,336 | €24,102 | +€10,766 | +80.7% |
| Trade receivables | 40 | €5,380 | €19,963 | +€14,583 | +271% |
| Other amounts receivable | 41 | €7,956 | €4,139 | -€3,816 | -48.0% |
| Cash at bank and in hand | 54/58 | €190,849 | €151,354 | -€39,495 | -20.7% |
| Deferred charges and accrued income | 490/1 | - | €7,130 | +€7,130 | |
| Total equity and liabilities | 10/49 | €262,766 | €213,373 | -€49,393 | -18.8% |
| Equity | 10/15 | €226,473 | €206,371 | -€20,102 | -8.9% |
| Contributions | 10/11 | €10,226 | €10,226 | = | 0.0% |
| Reserves | 13 | €216,247 | €216,247 | = | 0.0% |
| Distributable reserves | 133 | €216,247 | €216,247 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€20,102 | -€20,102 | |
| Amounts payable | 17/49 | €36,293 | €7,002 | -€29,291 | -80.7% |
| Amounts payable within one year | 42/48 | €36,293 | €7,002 | -€29,291 | -80.7% |
| Trade debts | 44 | €3,382 | €6,519 | +€3,137 | +92.7% |
| Suppliers | 440/4 | €3,382 | €6,519 | +€3,137 | +92.7% |
| Taxes, remuneration and social security | 45 | €7,844 | €146 | -€7,699 | -98.1% |
| Taxes | 450/3 | €7,844 | €146 | -€7,699 | -98.1% |
| Other amounts payable | 47/48 | €25,067 | €337 | -€24,730 | -98.7% |
| Non-recurring operating income | 76A | €19 | €4,469 | +€4,451 | +23,775% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,524 | €20,836 | -€5,688 | -21.4% |
| Other operating charges | 640/8 | €573 | €379 | -€194 | -33.9% |
| Non-recurring operating charges | 66A | - | €297 | +€297 | |
| Gross operating margin | 9900 | €54,921 | €1,440 | -€53,481 | -97.4% |
| Operating profit (loss) | 9901 | €27,825 | -€20,072 | -€47,897 | |
| Financial income | 75/76B | €2,779 | €1,223 | -€1,556 | -56.0% |
| Recurring financial income | 75 | €2,779 | €1,223 | -€1,556 | -56.0% |
| Financial charges | 65/66B | €1,648 | €745 | -€903 | -54.8% |
| Recurring financial charges | 65 | €1,648 | €745 | -€903 | -54.8% |
| Profit (loss) for the period before taxes | 9903 | €28,956 | -€19,594 | -€48,549 | |
| Income taxes | 67/77 | €10,872 | €508 | -€10,364 | -95.3% |
| Profit (loss) for the period | 9904 | €18,084 | -€20,102 | -€38,185 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,084 | -€20,102 | -€38,185 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.