Newcraft: 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.
Newcraft
Largest movements
- Stocks and contracts -€65,000
down €65,000 (-86.7%), from €75,000 to €10,000
of which Contracts in progress: -€65,000
- Receivables within one year +€55,514
up €55,514 (+86.0%), from €64,533 to €120,046
of which Trade receivables: +€61,127
- Tangible fixed assets +€6,417
up €6,417 (+39.7%), from €16,174 to €22,591
of which Plant, machinery and equipment: +€13,870
- Cash -€2,831
down €2,831 (-14.2%), from €19,901 to €17,070
mainly Trade debts (-€65,251) and Debts after one year (-€61,795)
- Other debts +€152,698
up €152,698, from €0 to €152,698
- Trade debts -€65,251
down €65,251 (-68.7%), from €94,946 to €29,695
- Debts after one year -€61,795
down €61,795 (-100.0%), from €61,795 to €0
- Short-term financial debts -€35,000
down €35,000 (-30.4%), from €115,000 to €80,000
- Profit (loss) carried forward +€5,637
up €5,637 (+5.3%), from -€106,535 to -€100,898
- Gross operating margin -€7,370
down €7,370 (-22.8%), from €32,260 to €24,889
- Staff costs -€2,767
down €2,767 (-100.0%), from €2,767 to €0
- Financial income +€2,472
up €2,472, from €0 to €2,472
- Financial charges -€1,834
down €1,834 (-17.2%), from €10,662 to €8,828
- Taxes +€1,167
new in 2025: €1,167
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 | €178,711 | €171,690 | -€7,021 | -3.9% |
| Fixed assets | 21/28 | €16,174 | €22,591 | +€6,417 | +39.7% |
| Tangible fixed assets | 22/27 | €16,174 | €22,591 | +€6,417 | +39.7% |
| Plant, machinery and equipment | 23 | €2,464 | €16,334 | +€13,870 | +562.9% |
| Furniture and vehicles | 24 | €13,710 | €6,257 | -€7,452 | -54.4% |
| Current assets | 29/58 | €162,537 | €149,099 | -€13,439 | -8.3% |
| Stocks and contracts in progress | 3 | €75,000 | €10,000 | -€65,000 | -86.7% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Contracts in progress | 37 | €65,000 | €0 | -€65,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €64,533 | €120,046 | +€55,514 | +86.0% |
| Trade receivables | 40 | €57,192 | €118,319 | +€61,127 | +106.9% |
| Other amounts receivable | 41 | €7,341 | €1,727 | -€5,614 | -76.5% |
| Cash at bank and in hand | 54/58 | €19,901 | €17,070 | -€2,831 | -14.2% |
| Deferred charges and accrued income | 490/1 | €3,103 | €1,982 | -€1,121 | -36.1% |
| Total equity and liabilities | 10/49 | €178,711 | €171,690 | -€7,021 | -3.9% |
| Equity | 10/15 | -€96,340 | -€90,703 | +€5,637 | +5.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,995 | €3,995 | = | 0.0% |
| Distributable reserves | 133 | €3,995 | €3,995 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,535 | -€100,898 | +€5,637 | +5.3% |
| Amounts payable | 17/49 | €275,051 | €262,393 | -€12,658 | -4.6% |
| Amounts payable after more than one year | 17 | €61,795 | €0 | -€61,795 | -100.0% |
| Financial debts | 170/4 | €61,795 | €0 | -€61,795 | -100.0% |
| Amounts payable within one year | 42/48 | €213,256 | €262,393 | +€49,137 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €3,310 | €0 | -€3,310 | -100.0% |
| Financial debts | 43 | €115,000 | €80,000 | -€35,000 | -30.4% |
| Credit institutions | 430/8 | €115,000 | €80,000 | -€35,000 | -30.4% |
| Trade debts | 44 | €94,946 | €29,695 | -€65,251 | -68.7% |
| Suppliers | 440/4 | €94,946 | €29,695 | -€65,251 | -68.7% |
| Taxes, remuneration and social security | 45 | €0 | €0 | +€0 | |
| Taxes | 450/3 | - | €0 | +€0 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €152,698 | +€152,698 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €2,612 | €0 | -€2,612 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,767 | €0 | -€2,767 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,578 | €9,735 | +€157 | +1.6% |
| Other operating charges | 640/8 | €1,638 | €1,996 | +€358 | +21.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €32,260 | €24,889 | -€7,370 | -22.8% |
| Operating profit (loss) | 9901 | €18,277 | €13,159 | -€5,118 | -28.0% |
| Financial income | 75/76B | €0 | €2,472 | +€2,472 | |
| Recurring financial income | 75 | €0 | €2,472 | +€2,472 | |
| Financial charges | 65/66B | €10,662 | €8,828 | -€1,834 | -17.2% |
| Recurring financial charges | 65 | €10,662 | €8,828 | -€1,834 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €7,616 | €6,804 | -€812 | -10.7% |
| Income taxes | 67/77 | - | €1,167 | +€1,167 | |
| Profit (loss) for the period | 9904 | €7,616 | €5,637 | -€1,978 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,616 | €5,637 | -€1,978 | -26.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.