NewKo: 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.
NewKo
Largest movements
- Receivables within one year -€7,338
down €7,338 (-43.1%), from €17,019 to €9,682
of which Other amounts receivable: -€5,018
- Cash +€3,819
up €3,819 (+31.5%), from €12,118 to €15,937
mainly Other debts (+€23,949) and Net result for the year (+€12,175)
- Tangible fixed assets +€2,616
up €2,616 (+13.9%), from €18,804 to €21,420
of which Other tangible fixed assets: +€8,016
- Other debts +€23,949
new in 2025: €23,949
- Reserves -€19,816
no longer reported in 2025 (was €19,816)
- Debts after one year -€4,886
no longer reported in 2025 (was €4,886)
- Tax, wage and social debts +€4,794
up €4,794 (+40.5%), from €11,852 to €16,646
- Current portion of long-term debt -€4,552
down €4,552 (-48.2%), from €9,438 to €4,886
- Gross operating margin -€6,145
down €6,145 (-19.6%), from €31,361 to €25,216
- Depreciation +€1,441
up €1,441 (+26.7%), from €5,400 to €6,841
- Taxes -€1,214
down €1,214 (-20.7%), from €5,856 to €4,642
- Financial charges -€410
down €410 (-40.1%), from €1,023 to €613
- Other operating charges -€389
down €389 (-29.2%), from €1,334 to €944
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 | €49,441 | €48,538 | -€903 | -1.8% |
| Fixed assets | 21/28 | €20,304 | €22,920 | +€2,616 | +12.9% |
| Tangible fixed assets | 22/27 | €18,804 | €21,420 | +€2,616 | +13.9% |
| Furniture and vehicles | 24 | €18,804 | €13,404 | -€5,400 | -28.7% |
| Other tangible fixed assets | 26 | - | €8,016 | +€8,016 | |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €29,137 | €25,618 | -€3,519 | -12.1% |
| Amounts receivable within one year | 40/41 | €17,019 | €9,682 | -€7,338 | -43.1% |
| Trade receivables | 40 | €12,000 | €9,680 | -€2,320 | -19.3% |
| Other amounts receivable | 41 | €5,019 | €2 | -€5,018 | -100.0% |
| Cash at bank and in hand | 54/58 | €12,118 | €15,937 | +€3,819 | +31.5% |
| Total equity and liabilities | 10/49 | €49,441 | €48,538 | -€903 | -1.8% |
| Equity | 10/15 | €22,816 | €3,000 | -€19,816 | -86.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €19,816 | - | -€19,816 | |
| Distributable reserves | 133 | €19,816 | - | -€19,816 | |
| Amounts payable | 17/49 | €26,625 | €45,538 | +€18,914 | +71.0% |
| Amounts payable after more than one year | 17 | €4,886 | - | -€4,886 | |
| Financial debts | 170/4 | €4,886 | - | -€4,886 | |
| Amounts payable within one year | 42/48 | €21,738 | €45,538 | +€23,800 | +109.5% |
| Current portion of amounts payable after more than one year | 42 | €9,438 | €4,886 | -€4,552 | -48.2% |
| Trade debts | 44 | €448 | €57 | -€392 | -87.3% |
| Suppliers | 440/4 | €448 | €57 | -€392 | -87.3% |
| Taxes, remuneration and social security | 45 | €11,852 | €16,646 | +€4,794 | +40.5% |
| Taxes | 450/3 | €11,852 | €16,646 | +€4,794 | +40.5% |
| Other amounts payable | 47/48 | - | €23,949 | +€23,949 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,400 | €6,841 | +€1,441 | +26.7% |
| Other operating charges | 640/8 | €1,334 | €944 | -€389 | -29.2% |
| Gross operating margin | 9900 | €31,361 | €25,216 | -€6,145 | -19.6% |
| Operating profit (loss) | 9901 | €24,627 | €17,431 | -€7,197 | -29.2% |
| Financial income | 75/76B | €210 | - | -€210 | |
| Recurring financial income | 75 | €210 | - | -€210 | |
| Financial charges | 65/66B | €1,023 | €613 | -€410 | -40.1% |
| Recurring financial charges | 65 | €1,023 | €613 | -€410 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | €23,814 | €16,817 | -€6,997 | -29.4% |
| Income taxes | 67/77 | €5,856 | €4,642 | -€1,214 | -20.7% |
| Profit (loss) for the period | 9904 | €17,958 | €12,175 | -€5,783 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,958 | €12,175 | -€5,783 | -32.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.