NEWI: 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.
NEWI
Largest movements
- Current investments +€403,932
up €403,932 (+687%), from €58,800 to €462,732
- Cash -€183,412
down €183,412 (-23.9%), from €768,648 to €585,236
mainly Current investments (-€403,932) and Contributions, distributions and other (-€102,386)
- Reserves +€182,784
up €182,784 (+11.2%), from €1.6m to €1.8m
of which Distributable reserves: +€182,784
- Tax, wage and social debts +€27,876
up €27,876 (+52.8%), from €52,844 to €80,720
- Gross operating margin -€11,228
down €11,228 (-2.3%), from €495,819 to €484,592
- Taxes -€8,723
down €8,723 (-6.1%), from €143,710 to €134,987
- Financial income +€8,391
up €8,391 (+404%), from €2,079 to €10,470
- Financial charges -€5,215
down €5,215 (-11.9%), from €43,799 to €38,584
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.
Derived cash bridge
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 | €2,208,415 | €2,427,785 | +€219,370 | +9.9% |
| Fixed assets | 21/28 | €1,265,358 | €1,274,641 | +€9,283 | +0.7% |
| Tangible fixed assets | 22/27 | €612,295 | €621,579 | +€9,283 | +1.5% |
| Land and buildings | 22 | €582,669 | €563,489 | -€19,180 | -3.3% |
| Plant, machinery and equipment | 23 | €4,142 | €4,182 | +€40 | +1.0% |
| Furniture and vehicles | 24 | €25,484 | €53,908 | +€28,423 | +112% |
| Financial fixed assets | 28 | €653,063 | €653,063 | = | 0.0% |
| Current assets | 29/58 | €943,057 | €1,153,144 | +€210,087 | +22.3% |
| Amounts receivable within one year | 40/41 | €102,500 | €91,671 | -€10,829 | -10.6% |
| Trade receivables | 40 | €102,500 | €90,000 | -€12,500 | -12.2% |
| Other amounts receivable | 41 | - | €1,671 | +€1,671 | |
| Current investments | 50/53 | €58,800 | €462,732 | +€403,932 | +687% |
| Cash at bank and in hand | 54/58 | €768,648 | €585,236 | -€183,412 | -23.9% |
| Deferred charges and accrued income | 490/1 | €13,109 | €13,505 | +€396 | +3.0% |
| Total equity and liabilities | 10/49 | €2,208,415 | €2,427,785 | +€219,370 | +9.9% |
| Equity | 10/15 | €1,646,474 | €1,829,258 | +€182,784 | +11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,627,874 | €1,810,658 | +€182,784 | +11.2% |
| Tax-exempt reserves | 132 | €126,300 | €126,300 | = | 0.0% |
| Distributable reserves | 133 | €1,501,574 | €1,684,358 | +€182,784 | +12.2% |
| Amounts payable | 17/49 | €561,941 | €598,527 | +€36,586 | +6.5% |
| Amounts payable after more than one year | 17 | €80,470 | €64,391 | -€16,079 | -20.0% |
| Financial debts | 170/4 | €80,470 | €64,391 | -€16,079 | -20.0% |
| Amounts payable within one year | 42/48 | €481,471 | €532,936 | +€51,466 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €15,935 | €16,244 | +€309 | +1.9% |
| Trade debts | 44 | €9,378 | €17,383 | +€8,005 | +85.4% |
| Suppliers | 440/4 | €9,378 | €17,383 | +€8,005 | +85.4% |
| Taxes, remuneration and social security | 45 | €52,844 | €80,720 | +€27,876 | +52.8% |
| Taxes | 450/3 | €52,844 | €80,720 | +€27,876 | +52.8% |
| Other amounts payable | 47/48 | €403,314 | €418,590 | +€15,275 | +3.8% |
| Accrued charges and deferred income | 492/3 | - | €1,200 | +€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,915 | €31,527 | +€2,612 | +9.0% |
| Other operating charges | 640/8 | €4,710 | €4,794 | +€84 | +1.8% |
| Gross operating margin | 9900 | €495,819 | €484,592 | -€11,228 | -2.3% |
| Operating profit (loss) | 9901 | €462,195 | €448,271 | -€13,923 | -3.0% |
| Financial income | 75/76B | €2,079 | €10,470 | +€8,391 | +404% |
| Recurring financial income | 75 | €2,079 | €10,470 | +€8,391 | +404% |
| Financial charges | 65/66B | €43,799 | €38,584 | -€5,215 | -11.9% |
| Recurring financial charges | 65 | €43,799 | €38,584 | -€5,215 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €420,475 | €420,157 | -€318 | -0.1% |
| Income taxes | 67/77 | €143,710 | €134,987 | -€8,723 | -6.1% |
| Profit (loss) for the period | 9904 | €276,764 | €285,169 | +€8,405 | +3.0% |
| Transfer from tax-exempt reserves | 789 | €115,775 | - | -€115,775 | |
| Profit (loss) for the period to be appropriated | 9905 | €392,539 | €285,169 | -€107,370 | -27.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.