NewB: 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.
NewB
Largest movements
- Current investments -€691,890
down €691,890 (-26.9%), from €2.6m to €1.9m
- Cash -€543,996
down €543,996 (-33.8%), from €1.6m to €1.1m
mainly Net result for the year (-€921,821) and Provisions (-€119,133)
- Tangible fixed assets +€66,203
up €66,203 (+329.6%), from €20,087 to €86,289
of which Other tangible fixed assets: +€62,810
- Receivables within one year +€62,778
up €62,778 (+7.1%), from €889,954 to €952,733
of which Trade receivables: +€49,428
- Contributions -€562,060
down €562,060 (-1.2%), from €48.7m to €48.1m
- Profit (loss) carried forward -€400,834
down €400,834 (-0.9%), from -€43.8m to -€44.2m
- Provisions -€119,133
down €119,133 (-89.7%), from €132,796 to €13,663
- Trade debts -€78,032
down €78,032 (-26.6%), from €292,985 to €214,953
- Gross operating margin -€310,510
down €310,510 (-66.6%), from €466,482 to €155,972
- Staff costs +€196,562
up €196,562 (+23.3%), from €843,019 to €1.0m
- Other operating charges +€84,135
up €84,135 (+592.4%), from €14,202 to €98,337
- Financial income +€28,612
up €28,612 (+131.8%), from €21,714 to €50,327
- Taxes -€24,375
new in 2025: -€24,375
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 | €5,448,115 | €4,269,882 | -€1.2m | -21.6% |
| Fixed assets | 21/28 | €20,087 | €86,289 | +€66,203 | +329.6% |
| Intangible fixed assets | 21 | - | €0 | +€0 | |
| Tangible fixed assets | 22/27 | €20,087 | €86,289 | +€66,203 | +329.6% |
| Land and buildings | 22 | €0 | €0 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,905 | €354 | -€3,552 | -90.9% |
| Furniture and vehicles | 24 | €8,230 | €6,436 | -€1,794 | -21.8% |
| Other tangible fixed assets | 26 | €7,952 | €70,762 | +€62,810 | +789.9% |
| Assets under construction and advance payments | 27 | - | €8,739 | +€8,739 | |
| Current assets | 29/58 | €5,428,029 | €4,183,592 | -€1.2m | -22.9% |
| Amounts receivable after more than one year | 29 | €199,816 | €176,654 | -€23,162 | -11.6% |
| Other amounts receivable | 291 | €199,816 | €176,654 | -€23,162 | -11.6% |
| Amounts receivable within one year | 40/41 | €889,954 | €952,733 | +€62,778 | +7.1% |
| Trade receivables | 40 | €397,612 | €447,040 | +€49,428 | +12.4% |
| Other amounts receivable | 41 | €492,342 | €505,692 | +€13,350 | +2.7% |
| Current investments | 50/53 | €2,570,724 | €1,878,834 | -€691,890 | -26.9% |
| Cash at bank and in hand | 54/58 | €1,611,817 | €1,067,821 | -€543,996 | -33.8% |
| Deferred charges and accrued income | 490/1 | €155,717 | €107,550 | -€48,166 | -30.9% |
| Total equity and liabilities | 10/49 | €5,448,115 | €4,269,882 | -€1.2m | -21.6% |
| Equity | 10/15 | €4,817,597 | €3,854,703 | -€962,894 | -20.0% |
| Contributions | 10/11 | €48,656,100 | €48,094,040 | -€562,060 | -1.2% |
| Capital | 10 | €48,656,100 | €48,094,040 | -€562,060 | -1.2% |
| Issued capital | 100 | €48,656,100 | €48,094,040 | -€562,060 | -1.2% |
| Profit (loss) carried forward | 14 | -€43,838,503 | -€44,239,337 | -€400,834 | -0.9% |
| Provisions and deferred taxes | 16 | €132,796 | €13,663 | -€119,133 | -89.7% |
| Provisions for liabilities and charges | 160/5 | €132,796 | €13,663 | -€119,133 | -89.7% |
| Other liabilities and charges | 164/5 | €132,796 | €13,663 | -€119,133 | -89.7% |
| Amounts payable | 17/49 | €497,722 | €401,516 | -€96,206 | -19.3% |
| Amounts payable within one year | 42/48 | €497,722 | €401,516 | -€96,206 | -19.3% |
| Trade debts | 44 | €292,985 | €214,953 | -€78,032 | -26.6% |
| Suppliers | 440/4 | €292,985 | €214,953 | -€78,032 | -26.6% |
| Taxes, remuneration and social security | 45 | €126,119 | €123,682 | -€2,437 | -1.9% |
| Taxes | 450/3 | €77,624 | €82,150 | +€4,526 | +5.8% |
| Remuneration and social security | 454/9 | €48,495 | €41,531 | -€6,963 | -14.4% |
| Other amounts payable | 47/48 | €78,619 | €62,882 | -€15,737 | -20.0% |
| Non-recurring operating income | 76A | €489,007 | €119,133 | -€369,874 | -75.6% |
| Remuneration, social security and pensions | 62 | €843,019 | €1,039,581 | +€196,562 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,799 | €14,027 | -€4,772 | -25.4% |
| Other operating charges | 640/8 | €14,202 | €98,337 | +€84,135 | +592.4% |
| Non-recurring operating charges | 66A | €469,053 | - | -€469,053 | |
| Gross operating margin | 9900 | €466,482 | €155,972 | -€310,510 | -66.6% |
| Operating profit (loss) | 9901 | -€878,591 | -€995,973 | -€117,382 | -13.4% |
| Financial income | 75/76B | €21,714 | €50,327 | +€28,612 | +131.8% |
| Recurring financial income | 75 | €21,714 | €50,327 | +€28,612 | +131.8% |
| Financial charges | 65/66B | -€20,465 | €549 | +€21,015 | |
| Recurring financial charges | 65 | -€20,465 | €549 | +€21,015 | |
| Profit (loss) for the period before taxes | 9903 | -€836,411 | -€946,195 | -€109,784 | -13.1% |
| Income taxes | 67/77 | - | -€24,375 | -€24,375 | |
| Profit (loss) for the period | 9904 | -€836,411 | -€921,821 | -€85,410 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€836,411 | -€921,821 | -€85,410 | -10.2% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.