NEWCO: what changed
Two fiscal 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.
NEWCO
Largest movements
- Tangible fixed assets -€17,760
down €17,760 (-4.7%), from €377,843 to €360,082
of which Land and buildings: -€14,760
- Receivables within one year +€5,423
up €5,423 (+38.6%), from €14,068 to €19,491
of which Trade receivables: +€7,567
- Debts after one year -€16,097
down €16,097 (-5.0%), from €320,000 to €303,903
- Current portion of long-term debt +€16,097
new in 2025: €16,097
- Profit (loss) carried forward -€9,062
down €9,062 (-17.0%), from -€53,230 to -€62,291
- Trade debts -€5,811
down €5,811 (-59.7%), from €9,740 to €3,929
- Depreciation -€30,022
down €30,022 (-62.8%), from €47,782 to €17,760
- Gross operating margin +€16,937
up €16,937 (+211.9%), from €7,993 to €24,929
- Financial charges +€4,497
up €4,497 (+47.6%), from €9,452 to €13,948
- Other operating charges +€1,294
up €1,294 (+131.0%), from €988 to €2,282
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 | €406,010 | €389,840 | -€16,170 | -4.0% |
| Fixed assets | 21/28 | €377,843 | €360,082 | -€17,760 | -4.7% |
| Tangible fixed assets | 22/27 | €377,843 | €360,082 | -€17,760 | -4.7% |
| Land and buildings | 22 | €319,310 | €304,550 | -€14,760 | -4.6% |
| Plant, machinery and equipment | 23 | €58,532 | €55,532 | -€3,000 | -5.1% |
| Current assets | 29/58 | €28,168 | €29,758 | +€1,590 | +5.6% |
| Amounts receivable within one year | 40/41 | €14,068 | €19,491 | +€5,423 | +38.6% |
| Trade receivables | 40 | €11,924 | €19,491 | +€7,567 | +63.5% |
| Other amounts receivable | 41 | €2,144 | - | -€2,144 | |
| Cash at bank and in hand | 54/58 | €12,210 | €9,917 | -€2,294 | -18.8% |
| Deferred charges and accrued income | 490/1 | €1,890 | €350 | -€1,539 | -81.5% |
| Total equity and liabilities | 10/49 | €406,010 | €389,840 | -€16,170 | -4.0% |
| Equity | 10/15 | -€50,230 | -€59,291 | -€9,062 | -18.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,230 | -€62,291 | -€9,062 | -17.0% |
| Amounts payable | 17/49 | €456,240 | €449,132 | -€7,109 | -1.6% |
| Amounts payable after more than one year | 17 | €320,000 | €303,903 | -€16,097 | -5.0% |
| Financial debts | 170/4 | €320,000 | €303,903 | -€16,097 | -5.0% |
| Amounts payable within one year | 42/48 | €136,240 | €145,228 | +€8,988 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | - | €16,097 | +€16,097 | |
| Trade debts | 44 | €9,740 | €3,929 | -€5,811 | -59.7% |
| Suppliers | 440/4 | €9,740 | €3,929 | -€5,811 | -59.7% |
| Taxes, remuneration and social security | 45 | €6,500 | €3,374 | -€3,126 | -48.1% |
| Taxes | 450/3 | €6,500 | €3,374 | -€3,126 | -48.1% |
| Other amounts payable | 47/48 | €120,000 | €121,829 | +€1,829 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,782 | €17,760 | -€30,022 | -62.8% |
| Other operating charges | 640/8 | €988 | €2,282 | +€1,294 | +131.0% |
| Non-recurring operating charges | 66A | €3,000 | - | -€3,000 | |
| Gross operating margin | 9900 | €7,993 | €24,929 | +€16,937 | +211.9% |
| Operating profit (loss) | 9901 | -€43,778 | €4,887 | +€48,665 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €9,452 | €13,948 | +€4,497 | +47.6% |
| Recurring financial charges | 65 | €9,452 | €13,948 | +€4,497 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | -€53,230 | -€9,062 | +€44,168 | +83.0% |
| Profit (loss) for the period | 9904 | -€53,230 | -€9,062 | +€44,168 | +83.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,230 | -€9,062 | +€44,168 | +83.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.