NEWSON: 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.
NEWSON
Largest movements
- Cash -€2.0m
down €2.0m (-57.0%), from €3.6m to €1.5m
mainly Contributions, distributions and other (-€3.0m) and Other debts (-€369,058)
- Receivables within one year +€139,432
up €139,432 (+73.4%), from €189,863 to €329,295
of which Trade receivables: +€148,162
- Stocks and contracts -€134,232
down €134,232 (-27.6%), from €486,043 to €351,812
- Reserves -€1.7m
down €1.7m (-90.2%), from €1.9m to €183,440
of which Distributable reserves: -€1.7m
- Other debts -€369,058
down €369,058 (-19.9%), from €1.9m to €1.5m
- Gross operating margin -€760,979
down €760,979 (-25.2%), from €3.0m to €2.3m
- Taxes -€261,092
down €261,092 (-38.1%), from €685,196 to €424,103
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 | €4,283,332 | €2,244,632 | -€2.0m | -47.6% |
| Fixed assets | 21/28 | €42,622 | €29,888 | -€12,733 | -29.9% |
| Intangible fixed assets | 21 | €12,286 | €6,365 | -€5,921 | -48.2% |
| Tangible fixed assets | 22/27 | €30,336 | €23,524 | -€6,812 | -22.5% |
| Plant, machinery and equipment | 23 | €12,740 | €11,260 | -€1,480 | -11.6% |
| Furniture and vehicles | 24 | €17,596 | €12,263 | -€5,333 | -30.3% |
| Current assets | 29/58 | €4,240,710 | €2,214,743 | -€2.0m | -47.8% |
| Stocks and contracts in progress | 3 | €486,043 | €351,812 | -€134,232 | -27.6% |
| Stocks | 30/36 | €486,043 | €351,812 | -€134,232 | -27.6% |
| Amounts receivable within one year | 40/41 | €189,863 | €329,295 | +€139,432 | +73.4% |
| Trade receivables | 40 | €86,278 | €234,440 | +€148,162 | +172% |
| Other amounts receivable | 41 | €103,585 | €94,856 | -€8,730 | -8.4% |
| Cash at bank and in hand | 54/58 | €3,560,800 | €1,529,591 | -€2.0m | -57.0% |
| Deferred charges and accrued income | 490/1 | €4,004 | €4,045 | +€41 | +1.0% |
| Total equity and liabilities | 10/49 | €4,283,332 | €2,244,632 | -€2.0m | -47.6% |
| Equity | 10/15 | €2,301,419 | €617,945 | -€1.7m | -73.1% |
| Contributions | 10/11 | €434,506 | €434,506 | = | 0.0% |
| Capital | 10 | €434,506 | €434,506 | = | 0.0% |
| Issued capital | 100 | €434,506 | €434,506 | = | 0.0% |
| Reserves | 13 | €1,866,913 | €183,440 | -€1.7m | -90.2% |
| Non-distributable reserves | 130/1 | €43,451 | €43,451 | = | 0.0% |
| Legal reserve | 130 | €43,451 | €43,451 | = | 0.0% |
| Distributable reserves | 133 | €1,823,463 | €139,989 | -€1.7m | -92.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,981,913 | €1,626,686 | -€355,227 | -17.9% |
| Amounts payable within one year | 42/48 | €1,981,907 | €1,626,686 | -€355,221 | -17.9% |
| Trade debts | 44 | €65,386 | €50,462 | -€14,924 | -22.8% |
| Suppliers | 440/4 | €65,386 | €50,462 | -€14,924 | -22.8% |
| Advances received on contracts in progress | 46 | €4,563 | €0 | -€4,563 | -100% |
| Taxes, remuneration and social security | 45 | €61,169 | €94,493 | +€33,324 | +54.5% |
| Taxes | 450/3 | €2,203 | €29,103 | +€26,900 | +1,221% |
| Remuneration and social security | 454/9 | €58,966 | €65,390 | +€6,424 | +10.9% |
| Other amounts payable | 47/48 | €1,850,789 | €1,481,732 | -€369,058 | -19.9% |
| Accrued charges and deferred income | 492/3 | €6 | €0 | -€6 | -100% |
| Remuneration, social security and pensions | 62 | €528,684 | €539,598 | +€10,914 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,353 | €23,338 | +€1,985 | +9.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€29,731 | €0 | +€29,731 | |
| Other operating charges | 640/8 | €35,019 | €6,246 | -€28,773 | -82.2% |
| Gross operating margin | 9900 | €3,020,491 | €2,259,512 | -€760,979 | -25.2% |
| Operating profit (loss) | 9901 | €2,465,167 | €1,690,330 | -€774,837 | -31.4% |
| Financial income | 75/76B | €6,329 | €1,533 | -€4,796 | -75.8% |
| Recurring financial income | 75 | €6,329 | €1,533 | -€4,796 | -75.8% |
| Financial charges | 65/66B | €3,199 | €1,233 | -€1,965 | -61.4% |
| Recurring financial charges | 65 | €3,199 | €1,233 | -€1,965 | -61.4% |
| Profit (loss) for the period before taxes | 9903 | €2,468,297 | €1,690,630 | -€777,668 | -31.5% |
| Income taxes | 67/77 | €685,196 | €424,103 | -€261,092 | -38.1% |
| Profit (loss) for the period | 9904 | €1,783,102 | €1,266,526 | -€516,575 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,783,102 | €1,266,526 | -€516,575 | -29.0% |
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 16 October 2026 via checked.be.