NEW WORLD: 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 WORLD
Largest movements
- Stocks and contracts +€2.0m
up €2.0m (+407%), from €480,230 to €2.4m
- Receivables within one year -€312,482
down €312,482 (-29.8%), from €1.0m to €735,768
of which Other amounts receivable: -€225,224
- Tangible fixed assets -€250,576
down €250,576 (-25.9%), from €965,999 to €715,423
of which Land and buildings: -€274,812
- Cash +€243,162
up €243,162 (+799%), from €30,431 to €273,593
mainly Short-term financial debts (+€1.7m) and Receivables within one year (+€312,482)
- Short-term financial debts +€1.7m
up €1.7m (+383%), from €439,516 to €2.1m
- Other debts +€111,549
up €111,549 (+22.5%), from €495,204 to €606,753
- Debts after one year -€106,704
down €106,704 (-12.5%), from €855,061 to €748,357
- Gross operating margin +€102,967
up €102,967 (+96.1%), from €107,155 to €210,122
- Financial charges +€61,273
up €61,273 (+94.5%), from €64,807 to €126,080
of which Financial charges: +€60,273
- Financial income -€36,114
no longer reported in 2025 (was €36,114)
- Other operating charges +€5,825
up €5,825 (+32.1%), from €18,154 to €23,979
- Depreciation -€3,880
down €3,880 (-3.5%), from €110,655 to €106,774
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 | €2,761,942 | €4,419,243 | +€1.7m | +60.0% |
| Fixed assets | 21/28 | €1,197,949 | €947,373 | -€250,576 | -20.9% |
| Tangible fixed assets | 22/27 | €965,999 | €715,423 | -€250,576 | -25.9% |
| Land and buildings | 22 | €959,796 | €684,984 | -€274,812 | -28.6% |
| Furniture and vehicles | 24 | - | €25,031 | +€25,031 | |
| Other tangible fixed assets | 26 | €6,203 | €5,408 | -€795 | -12.8% |
| Financial fixed assets | 28 | €231,950 | €231,950 | = | 0.0% |
| Current assets | 29/58 | €1,563,993 | €3,471,869 | +€1.9m | +122% |
| Stocks and contracts in progress | 3 | €480,230 | €2,434,930 | +€2.0m | +407% |
| Stocks | 30/36 | €480,230 | €2,434,930 | +€2.0m | +407% |
| Amounts receivable within one year | 40/41 | €1,048,250 | €735,768 | -€312,482 | -29.8% |
| Trade receivables | 40 | €88,893 | €1,635 | -€87,258 | -98.2% |
| Other amounts receivable | 41 | €959,356 | €734,132 | -€225,224 | -23.5% |
| Cash at bank and in hand | 54/58 | €30,431 | €273,593 | +€243,162 | +799% |
| Deferred charges and accrued income | 490/1 | €5,082 | €27,579 | +€22,497 | +443% |
| Total equity and liabilities | 10/49 | €2,761,942 | €4,419,243 | +€1.7m | +60.0% |
| Equity | 10/15 | €749,485 | €713,883 | -€35,602 | -4.8% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €515,471 | €473,487 | -€41,983 | -8.1% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €314,587 | €272,604 | -€41,983 | -13.3% |
| Distributable reserves | 133 | €170,884 | €170,884 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,986 | -€59,605 | +€6,381 | +9.7% |
| Provisions and deferred taxes | 16 | €104,862 | €90,868 | -€13,994 | -13.3% |
| Deferred taxes | 168 | €104,862 | €90,868 | -€13,994 | -13.3% |
| Amounts payable | 17/49 | €1,907,595 | €3,614,492 | +€1.7m | +89.5% |
| Amounts payable after more than one year | 17 | €855,061 | €748,357 | -€106,704 | -12.5% |
| Financial debts | 170/4 | €855,061 | €748,357 | -€106,704 | -12.5% |
| Amounts payable within one year | 42/48 | €1,044,049 | €2,854,289 | +€1.8m | +173% |
| Current portion of amounts payable after more than one year | 42 | €102,863 | €106,530 | +€3,667 | +3.6% |
| Financial debts | 43 | €439,516 | €2,124,866 | +€1.7m | +383% |
| Credit institutions | 430/8 | €439,516 | €2,124,866 | +€1.7m | +383% |
| Trade debts | 44 | €598 | - | -€598 | |
| Suppliers | 440/4 | €598 | - | -€598 | |
| Taxes, remuneration and social security | 45 | €5,868 | €16,139 | +€10,271 | +175% |
| Taxes | 450/3 | €5,868 | €16,139 | +€10,271 | +175% |
| Other amounts payable | 47/48 | €495,204 | €606,753 | +€111,549 | +22.5% |
| Accrued charges and deferred income | 492/3 | €8,485 | €11,846 | +€3,362 | +39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,655 | €106,774 | -€3,880 | -3.5% |
| Other operating charges | 640/8 | €18,154 | €23,979 | +€5,825 | +32.1% |
| Gross operating margin | 9900 | €107,155 | €210,122 | +€102,967 | +96.1% |
| Operating profit (loss) | 9901 | -€21,654 | €79,368 | +€101,023 | |
| Financial income | 75/76B | €36,114 | - | -€36,114 | |
| Recurring financial income | 75 | €36,114 | - | -€36,114 | |
| Financial charges | 65/66B | €64,807 | €126,080 | +€61,273 | +94.5% |
| Recurring financial charges | 65 | €64,807 | €125,080 | +€60,273 | +93.0% |
| Non-recurring financial charges | 66B | - | €1,000 | +€1,000 | |
| Profit (loss) for the period before taxes | 9903 | -€50,348 | -€46,712 | +€3,636 | +7.2% |
| Transfer from deferred taxes | 780 | €13,994 | €13,994 | = | 0.0% |
| Income taxes | 67/77 | €1,972 | €2,885 | +€913 | +46.3% |
| Profit (loss) for the period | 9904 | -€38,326 | -€35,602 | +€2,723 | +7.1% |
| Transfer from tax-exempt reserves | 789 | €41,983 | €41,983 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,657 | €6,381 | +€2,723 | +74.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.