newpen: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
newpen
Largest movements
- Cash +€139,992
up €139,992 (+220%), from €63,494 to €203,486
mainly Current investments (+€130,000) and Net result for the year (+€5,145)
- Current investments -€130,000
no longer reported in 2025 (was €130,000)
- Tangible fixed assets -€4,797
no longer reported in 2025 (was €4,797)
- Receivables within one year +€4,245
up €4,245 (+23.7%), from €17,909 to €22,154
of which Trade receivables: +€10,236
- Reserves +€5,145
up €5,145 (+4.8%), from €106,145 to €111,290
of which Distributable reserves: +€5,145
- Gross operating margin +€11,832
up €11,832, from -€3,190 to €8,642
- Depreciation -€2,823
down €2,823 (-37.0%), from €7,620 to €4,797
- Taxes +€2,729
new in 2025: €2,729
- Financial income +€2,286
up €2,286 (+82.6%), from €2,769 to €5,056
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €219,387 | €227,087 | +€7,700 | +3.5% |
| Fixed assets | 21/28 | €4,797 | - | -€4,797 | |
| Tangible fixed assets | 22/27 | €4,797 | - | -€4,797 | |
| Furniture and vehicles | 24 | €4,797 | - | -€4,797 | |
| Current assets | 29/58 | €214,590 | €227,087 | +€12,497 | +5.8% |
| Stocks and contracts in progress | 3 | €930 | €700 | -€230 | -24.7% |
| Stocks | 30/36 | €930 | €700 | -€230 | -24.7% |
| Amounts receivable within one year | 40/41 | €17,909 | €22,154 | +€4,245 | +23.7% |
| Trade receivables | 40 | €7,389 | €17,626 | +€10,236 | +139% |
| Other amounts receivable | 41 | €10,520 | €4,528 | -€5,992 | -57.0% |
| Current investments | 50/53 | €130,000 | - | -€130,000 | |
| Cash at bank and in hand | 54/58 | €63,494 | €203,486 | +€139,992 | +220% |
| Deferred charges and accrued income | 490/1 | €2,256 | €747 | -€1,509 | -66.9% |
| Total equity and liabilities | 10/49 | €219,387 | €227,087 | +€7,700 | +3.5% |
| Equity | 10/15 | €214,744 | €219,890 | +€5,145 | +2.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €106,145 | €111,290 | +€5,145 | +4.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €104,145 | €109,290 | +€5,145 | +4.9% |
| Profit (loss) carried forward | 14 | €88,599 | €88,599 | = | 0.0% |
| Amounts payable | 17/49 | €4,643 | €7,197 | +€2,554 | +55.0% |
| Amounts payable within one year | 42/48 | €4,600 | €7,187 | +€2,587 | +56.2% |
| Current portion of amounts payable after more than one year | 42 | €4,081 | €4,849 | +€768 | +18.8% |
| Trade debts | 44 | €519 | €642 | +€123 | +23.7% |
| Suppliers | 440/4 | €519 | €642 | +€123 | +23.7% |
| Taxes, remuneration and social security | 45 | - | €1,696 | +€1,696 | |
| Taxes | 450/3 | - | €1,696 | +€1,696 | |
| Accrued charges and deferred income | 492/3 | €43 | €10 | -€33 | -77.0% |
| Non-recurring operating income | 76A | €3 | - | -€3 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,620 | €4,797 | -€2,823 | -37.0% |
| Other operating charges | 640/8 | €904 | €932 | +€27 | +3.0% |
| Gross operating margin | 9900 | -€3,190 | €8,642 | +€11,832 | |
| Operating profit (loss) | 9901 | -€11,714 | €2,913 | +€14,628 | |
| Financial income | 75/76B | €2,769 | €5,056 | +€2,286 | +82.6% |
| Recurring financial income | 75 | €2,769 | €5,056 | +€2,286 | +82.6% |
| Financial charges | 65/66B | €46 | €95 | +€48 | +104% |
| Recurring financial charges | 65 | €46 | €95 | +€48 | +104% |
| Profit (loss) for the period before taxes | 9903 | -€8,991 | €7,874 | +€16,866 | |
| Income taxes | 67/77 | - | €2,729 | +€2,729 | |
| Profit (loss) for the period | 9904 | -€8,991 | €5,145 | +€14,137 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,991 | €5,145 | +€14,137 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.