NEWBEL: 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.
NEWBEL
Largest movements
- Receivables within one year +€51,851
up €51,851 (+6.7%), from €774,597 to €826,448
of which Other amounts receivable: +€122,816
- Tangible fixed assets -€9,959
down €9,959 (-80.6%), from €12,359 to €2,401
of which Furniture and vehicles: -€9,684
- Deferred charges and accrued income +€9,223
up €9,223 (+141%), from €6,530 to €15,753
- Profit (loss) carried forward -€330,494
down €330,494 (-73.7%), from €448,281 to €117,787
- Tax, wage and social debts +€311,445
up €311,445 (+109%), from €284,655 to €596,101
of which Remuneration and social security: +€289,801
- Trade debts +€46,240
up €46,240 (+270%), from €17,096 to €63,335
- Short-term financial debts +€20,922
up €20,922 (+71.3%), from €29,326 to €50,248
- Gross operating margin -€920,226
down €920,226 (-65.3%), from €1.4m to €489,384
- Other operating charges -€541,964
down €541,964 (-95.9%), from €565,150 to €23,185
- Financial charges +€35,267
up €35,267 (+348%), from €10,120 to €45,387
- Staff costs -€24,262
down €24,262 (-3.0%), from €797,988 to €773,725
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €799,819 | €847,931 | +€48,113 | +6.0% |
| Fixed assets | 21/28 | €18,623 | €4,551 | -€14,072 | -75.6% |
| Intangible fixed assets | 21 | €4,114 | - | -€4,114 | |
| Tangible fixed assets | 22/27 | €12,359 | €2,401 | -€9,959 | -80.6% |
| Furniture and vehicles | 24 | €10,906 | €1,222 | -€9,684 | -88.8% |
| Other tangible fixed assets | 26 | €1,453 | €1,178 | -€275 | -18.9% |
| Financial fixed assets | 28 | €2,150 | €2,150 | = | 0.0% |
| Current assets | 29/58 | €781,196 | €843,381 | +€62,185 | +8.0% |
| Amounts receivable within one year | 40/41 | €774,597 | €826,448 | +€51,851 | +6.7% |
| Trade receivables | 40 | €212,264 | €141,300 | -€70,964 | -33.4% |
| Other amounts receivable | 41 | €562,333 | €685,148 | +€122,816 | +21.8% |
| Cash at bank and in hand | 54/58 | €69 | €1,179 | +€1,110 | +1,608% |
| Deferred charges and accrued income | 490/1 | €6,530 | €15,753 | +€9,223 | +141% |
| Total equity and liabilities | 10/49 | €799,819 | €847,931 | +€48,113 | +6.0% |
| Equity | 10/15 | €468,741 | €138,247 | -€330,494 | -70.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €448,281 | €117,787 | -€330,494 | -73.7% |
| Amounts payable | 17/49 | €331,077 | €709,684 | +€378,607 | +114% |
| Amounts payable within one year | 42/48 | €331,077 | €709,684 | +€378,607 | +114% |
| Financial debts | 43 | €29,326 | €50,248 | +€20,922 | +71.3% |
| Credit institutions | 430/8 | €29,326 | €50,248 | +€20,922 | +71.3% |
| Trade debts | 44 | €17,096 | €63,335 | +€46,240 | +270% |
| Suppliers | 440/4 | €17,096 | €63,335 | +€46,240 | +270% |
| Taxes, remuneration and social security | 45 | €284,655 | €596,101 | +€311,445 | +109% |
| Taxes | 450/3 | €42,939 | €64,583 | +€21,644 | +50.4% |
| Remuneration and social security | 454/9 | €241,717 | €531,518 | +€289,801 | +120% |
| Remuneration, social security and pensions | 62 | €797,988 | €773,725 | -€24,262 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,592 | €9,959 | -€633 | -6.0% |
| Other operating charges | 640/8 | €565,150 | €23,185 | -€541,964 | -95.9% |
| Gross operating margin | 9900 | €1,409,610 | €489,384 | -€920,226 | -65.3% |
| Operating profit (loss) | 9901 | €35,881 | -€317,485 | -€353,366 | |
| Financial income | 75/76B | €29,192 | €32,732 | +€3,540 | +12.1% |
| Recurring financial income | 75 | €29,192 | €32,732 | +€3,540 | +12.1% |
| Financial charges | 65/66B | €10,120 | €45,387 | +€35,267 | +348% |
| Recurring financial charges | 65 | €10,120 | €45,387 | +€35,267 | +348% |
| Profit (loss) for the period before taxes | 9903 | €54,953 | -€330,139 | -€385,093 | |
| Income taxes | 67/77 | €12,546 | €355 | -€12,191 | -97.2% |
| Profit (loss) for the period | 9904 | €42,408 | -€330,494 | -€372,902 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,408 | -€330,494 | -€372,902 |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.