NEWEX: 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.
NEWEX
Largest movements
- Tangible fixed assets -€55,742
down €55,742 (-24.6%), from €226,570 to €170,828
of which Land and buildings: -€36,075
- Receivables within one year -€8,574
down €8,574 (-80.5%), from €10,648 to €2,075
of which Other amounts receivable: -€6,964
- Financial fixed assets -€5,400
no longer reported in 2025 (was €5,400)
- Cash -€5,379
down €5,379 (-24.4%), from €22,049 to €16,669
mainly Net result for the year (-€65,821) and Other debts (-€9,134)
- Profit (loss) carried forward -€65,821
down €65,821 (-22.0%), from -€298,685 to -€364,505
- Other debts -€9,134
down €9,134 (-4.8%), from €192,246 to €183,112
- Depreciation -€13,264
down €13,264 (-28.3%), from €46,925 to €33,661
- Gross operating margin -€6,406
down €6,406, from €2,015 to -€4,391
- Other operating charges +€186
up €186 (+3.8%), from €4,949 to €5,135
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 | €297,609 | €221,588 | -€76,020 | -25.5% |
| Fixed assets | 21/28 | €231,970 | €170,828 | -€61,142 | -26.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €226,570 | €170,828 | -€55,742 | -24.6% |
| Land and buildings | 22 | €36,075 | - | -€36,075 | |
| Plant, machinery and equipment | 23 | €3,993 | €3,262 | -€731 | -18.3% |
| Furniture and vehicles | 24 | €9,452 | €3,229 | -€6,223 | -65.8% |
| Other tangible fixed assets | 26 | €177,049 | €164,337 | -€12,713 | -7.2% |
| Financial fixed assets | 28 | €5,400 | - | -€5,400 | |
| Current assets | 29/58 | €65,639 | €50,760 | -€14,879 | -22.7% |
| Stocks and contracts in progress | 3 | €32,942 | €32,016 | -€925 | -2.8% |
| Stocks | 30/36 | €32,942 | €32,016 | -€925 | -2.8% |
| Amounts receivable within one year | 40/41 | €10,648 | €2,075 | -€8,574 | -80.5% |
| Trade receivables | 40 | €1,721 | €112 | -€1,609 | -93.5% |
| Other amounts receivable | 41 | €8,927 | €1,963 | -€6,964 | -78.0% |
| Cash at bank and in hand | 54/58 | €22,049 | €16,669 | -€5,379 | -24.4% |
| Total equity and liabilities | 10/49 | €297,609 | €221,588 | -€76,020 | -25.5% |
| Equity | 10/15 | -€148,685 | -€214,505 | -€65,821 | -44.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | - | €150,000 | +€150,000 | |
| Issued capital | 100 | - | €150,000 | +€150,000 | |
| Profit (loss) carried forward | 14 | -€298,685 | -€364,505 | -€65,821 | -22.0% |
| Amounts payable | 17/49 | €446,293 | €436,094 | -€10,199 | -2.3% |
| Amounts payable after more than one year | 17 | €240,000 | €240,000 | = | 0.0% |
| Financial debts | 170/4 | €240,000 | €240,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €194,293 | €184,094 | -€10,199 | -5.2% |
| Trade debts | 44 | €1,639 | €585 | -€1,054 | -64.3% |
| Suppliers | 440/4 | €1,639 | €585 | -€1,054 | -64.3% |
| Taxes, remuneration and social security | 45 | €408 | €397 | -€11 | -2.7% |
| Taxes | 450/3 | €408 | €397 | -€11 | -2.7% |
| Other amounts payable | 47/48 | €192,246 | €183,112 | -€9,134 | -4.8% |
| Accrued charges and deferred income | 492/3 | €12,000 | €12,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,925 | €33,661 | -€13,264 | -28.3% |
| Other operating charges | 640/8 | €4,949 | €5,135 | +€186 | +3.8% |
| Non-recurring operating charges | 66A | - | €22,080 | +€22,080 | |
| Gross operating margin | 9900 | €2,015 | -€4,391 | -€6,406 | |
| Operating profit (loss) | 9901 | -€49,859 | -€65,268 | -€15,409 | -30.9% |
| Financial income | 75/76B | €35 | €1 | -€34 | -97.7% |
| Recurring financial income | 75 | €35 | €1 | -€34 | -97.7% |
| Financial charges | 65/66B | €215 | €219 | +€3 | +1.6% |
| Recurring financial charges | 65 | €215 | €219 | +€3 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€50,039 | -€65,485 | -€15,446 | -30.9% |
| Income taxes | 67/77 | €355 | €335 | -€19 | -5.5% |
| Profit (loss) for the period | 9904 | -€50,394 | -€65,821 | -€15,427 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,394 | -€65,821 | -€15,427 | -30.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.