NEWCASTLE WIND: 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.
What changed
NEWCASTLE WIND
NACE 35.110, Production of electricity from non-renewable sources
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
-€403,094
2025 · -€176,528-€226,566
Equity
€3.9m
2025 · €4.3m-€403,094
Cash
€462,468
2025 · €510,924-€48,456
Balance sheet total
€14.6m
2025 · €16.2m-€1.6m
Largest movements
Assets
- Tangible fixed assets -€1.1m
down €1.1m (-8.1%), from €14.1m to €12.9m
- Intangible fixed assets -€323,565
down €323,565 (-42.9%), from €754,985 to €431,420
Equity and liabilities
- Debts after one year -€1.2m
down €1.2m (-11.8%), from €10.5m to €9.2m
- Profit (loss) carried forward -€403,094
down €403,094 (-68.7%), from €586,680 to €183,586
Income statement
- Turnover -€297,559
down €297,559 (-10.3%), from €2.9m to €2.6m
- Financial charges -€74,156
down €74,156 (-10.4%), from €715,544 to €641,388
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.
Result 2025
-€176,528
Turnover
-€297,559
Services and other goods
-€3,122
Other operating charges
-€40
Financial charges
+€74,156
Taxes
-€0
Result 2026
-€403,094
raises the resultlowers the result
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.
From operations
+€1.2m
Investment
€0
Financing
-€1.2m
Cash 2025
€510,924
From operations (derived)
+€1.2m
Net result for the year
-€403,094
Depreciation
+€1.5m
Receivables within one year
+€114,427
Deferred charges and accrued income
-€3,749
Provisions
+€58,641
Trade debts
-€57,064
Tax, wage and social debts
+€11,477
Financing
-€1.2m
Debts after one year
-€1.2m
Cash 2026
€462,468
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,218,788 | €14,595,803 | -€1.6m | -10.0% |
| Fixed assets | 21/28 | €14,818,511 | €13,354,660 | -€1.5m | -9.9% |
| Intangible fixed assets | 21 | €754,985 | €431,420 | -€323,565 | -42.9% |
| Tangible fixed assets | 22/27 | €14,063,525 | €12,923,239 | -€1.1m | -8.1% |
| Plant, machinery and equipment | 23 | €14,063,525 | €12,923,239 | -€1.1m | -8.1% |
| Current assets | 29/58 | €1,400,277 | €1,241,144 | -€159,134 | -11.4% |
| Amounts receivable within one year | 40/41 | €712,387 | €597,960 | -€114,427 | -16.1% |
| Trade receivables | 40 | €706,276 | €579,066 | -€127,210 | -18.0% |
| Other amounts receivable | 41 | €6,111 | €18,894 | +€12,783 | +209% |
| Cash at bank and in hand | 54/58 | €510,924 | €462,468 | -€48,456 | -9.5% |
| Deferred charges and accrued income | 490/1 | €176,966 | €180,715 | +€3,749 | +2.1% |
| Total equity and liabilities | 10/49 | €16,218,788 | €14,595,803 | -€1.6m | -10.0% |
| Equity | 10/15 | €4,265,680 | €3,862,586 | -€403,094 | -9.4% |
| Contributions | 10/11 | €3,579,000 | €3,579,000 | = | 0.0% |
| Capital | 10 | €3,579,000 | €3,579,000 | = | 0.0% |
| Issued capital | 100 | €3,579,000 | €3,579,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €586,680 | €183,586 | -€403,094 | -68.7% |
| Provisions and deferred taxes | 16 | €156,377 | €215,018 | +€58,641 | +37.5% |
| Provisions for liabilities and charges | 160/5 | €156,377 | €215,018 | +€58,641 | +37.5% |
| Environmental obligations | 163 | €156,377 | €215,018 | +€58,641 | +37.5% |
| Amounts payable | 17/49 | €11,796,731 | €10,518,199 | -€1.3m | -10.8% |
| Amounts payable after more than one year | 17 | €10,480,039 | €9,247,094 | -€1.2m | -11.8% |
| Financial debts | 170/4 | €10,480,039 | €9,247,094 | -€1.2m | -11.8% |
| Other loans | 174 | €10,480,039 | €9,247,094 | -€1.2m | -11.8% |
| Amounts payable within one year | 42/48 | €1,316,692 | €1,271,105 | -€45,587 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €1,232,945 | €1,232,945 | = | 0.0% |
| Trade debts | 44 | €83,747 | €26,683 | -€57,064 | -68.1% |
| Suppliers | 440/4 | €83,747 | €26,683 | -€57,064 | -68.1% |
| Taxes, remuneration and social security | 45 | - | €11,477 | +€11,477 | |
| Taxes | 450/3 | - | €11,477 | +€11,477 | |
| Operating income | 70/76A | €2,882,116 | €2,584,557 | -€297,559 | -10.3% |
| Turnover | 70 | €2,882,116 | €2,584,557 | -€297,559 | -10.3% |
| Operating charges | 60/66A | €2,343,100 | €2,346,262 | +€3,163 | +0.1% |
| Services and other goods | 61 | €819,266 | €822,388 | +€3,122 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,463,851 | €1,463,851 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €58,641 | €58,641 | = | 0.0% |
| Other operating charges | 640/8 | €1,342 | €1,382 | +€40 | +3.0% |
| Operating profit (loss) | 9901 | €539,016 | €238,295 | -€300,722 | -55.8% |
| Financial charges | 65/66B | €715,544 | €641,388 | -€74,156 | -10.4% |
| Recurring financial charges | 65 | €715,544 | €641,388 | -€74,156 | -10.4% |
| Debt charges | 650 | €715,544 | €641,388 | -€74,156 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | -€176,528 | -€403,094 | -€226,566 | -128% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Taxes | 670/3 | - | €11,477 | +€11,477 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €11,477 | +€11,477 | |
| Profit (loss) for the period | 9904 | -€176,528 | -€403,094 | -€226,566 | -128% |
| Profit (loss) for the period to be appropriated | 9905 | -€176,528 | -€403,094 | -€226,566 | -128% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.