NEWMAN: 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.
NEWMAN
Largest movements
- Cash +€87,402
up €87,402 (+96.4%), from €90,626 to €178,029
mainly Net result for the year (+€86,253) and Trade debts (+€6,497)
- Receivables within one year +€10,113
up €10,113 (+25.9%), from €39,114 to €49,227
of which Other amounts receivable: +€5,988
- Reserves +€86,253
up €86,253 (+118.6%), from €72,754 to €159,007
- Trade debts +€6,497
up €6,497 (+24.0%), from €27,075 to €33,572
- Tax, wage and social debts +€4,765
up €4,765 (+19.6%), from €24,255 to €29,020
- Gross operating margin +€17,143
up €17,143 (+17.4%), from €98,499 to €115,641
- Taxes +€4,765
up €4,765 (+19.6%), from €24,255 to €29,020
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 | €129,740 | €227,255 | +€97,515 | +75.2% |
| Current assets | 29/58 | €129,740 | €227,255 | +€97,515 | +75.2% |
| Amounts receivable within one year | 40/41 | €39,114 | €49,227 | +€10,113 | +25.9% |
| Trade receivables | 40 | €37,500 | €41,625 | +€4,125 | +11.0% |
| Other amounts receivable | 41 | €1,614 | €7,602 | +€5,988 | +371.0% |
| Cash at bank and in hand | 54/58 | €90,626 | €178,029 | +€87,402 | +96.4% |
| Total equity and liabilities | 10/49 | €129,740 | €227,255 | +€97,515 | +75.2% |
| Equity | 10/15 | €77,754 | €164,007 | +€86,253 | +110.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €72,754 | €159,007 | +€86,253 | +118.6% |
| Distributable reserves | 133 | €72,754 | €159,007 | +€86,253 | +118.6% |
| Amounts payable | 17/49 | €51,986 | €63,248 | +€11,262 | +21.7% |
| Amounts payable after more than one year | 17 | €655 | €655 | = | 0.0% |
| Other amounts payable | 178/9 | €655 | €655 | = | 0.0% |
| Amounts payable within one year | 42/48 | €51,330 | €62,593 | +€11,262 | +21.9% |
| Trade debts | 44 | €27,075 | €33,572 | +€6,497 | +24.0% |
| Suppliers | 440/4 | €27,075 | €33,572 | +€6,497 | +24.0% |
| Taxes, remuneration and social security | 45 | €24,255 | €29,020 | +€4,765 | +19.6% |
| Taxes | 450/3 | €24,255 | €29,020 | +€4,765 | +19.6% |
| Other operating charges | 640/8 | €1,442 | €328 | -€1,115 | -77.3% |
| Gross operating margin | 9900 | €98,499 | €115,641 | +€17,143 | +17.4% |
| Operating profit (loss) | 9901 | €97,057 | €115,314 | +€18,257 | +18.8% |
| Financial charges | 65/66B | €47 | €40 | -€6 | -13.6% |
| Recurring financial charges | 65 | €47 | €40 | -€6 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €97,010 | €115,273 | +€18,264 | +18.8% |
| Income taxes | 67/77 | €24,255 | €29,020 | +€4,765 | +19.6% |
| Profit (loss) for the period | 9904 | €72,754 | €86,253 | +€13,499 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €72,754 | €86,253 | +€13,499 | +18.6% |
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 8 October 2026 via checked.be.