NEWT: 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.
NEWT
Largest movements
- Stocks and contracts +€387,630
up €387,630 (+17.9%), from €2.2m to €2.6m
- Receivables within one year -€171,349
down €171,349 (-59.7%), from €287,048 to €115,700
of which Trade receivables: -€208,054
- Cash -€96,950
down €96,950 (-10.1%), from €958,773 to €861,823
mainly Stocks and contracts (-€387,630) and Tax, wage and social debts (-€180,729)
- Tangible fixed assets -€43,000
down €43,000 (-31.6%), from €136,068 to €93,068
- Trade debts +€272,568
up €272,568 (+49.2%), from €553,759 to €826,327
- Profit (loss) carried forward +€215,270
up €215,270 (+9.5%), from €2.3m to €2.5m
- Tax, wage and social debts -€180,729
down €180,729 (-67.4%), from €268,195 to €87,466
of which Taxes: -€178,229
- Debts after one year -€116,136
down €116,136 (-79.0%), from €147,066 to €30,930
of which Other amounts payable: -€92,581
- Other debts -€115,530
down €115,530 (-48.0%), from €240,530 to €125,000
- Turnover +€3.4m
new in 2025: €3.4m
- Purchases and services +€3.1m
new in 2025: €3.1m
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 | €3,546,391 | €3,622,722 | +€76,331 | +2.2% |
| Fixed assets | 21/28 | €136,068 | €93,068 | -€43,000 | -31.6% |
| Tangible fixed assets | 22/27 | €136,068 | €93,068 | -€43,000 | -31.6% |
| Furniture and vehicles | 24 | €136,068 | €93,068 | -€43,000 | -31.6% |
| Current assets | 29/58 | €3,410,322 | €3,529,653 | +€119,331 | +3.5% |
| Stocks and contracts in progress | 3 | €2,164,501 | €2,552,130 | +€387,630 | +17.9% |
| Stocks | 30/36 | €2,164,501 | €2,552,130 | +€387,630 | +17.9% |
| Amounts receivable within one year | 40/41 | €287,048 | €115,700 | -€171,349 | -59.7% |
| Trade receivables | 40 | €286,579 | €78,525 | -€208,054 | -72.6% |
| Other amounts receivable | 41 | €469 | €37,175 | +€36,705 | +7,819% |
| Cash at bank and in hand | 54/58 | €958,773 | €861,823 | -€96,950 | -10.1% |
| Total equity and liabilities | 10/49 | €3,546,391 | €3,622,722 | +€76,331 | +2.2% |
| Equity | 10/15 | €2,270,807 | €2,486,077 | +€215,270 | +9.5% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Contributions outside capital | 11 | - | €12,200 | +€12,200 | |
| Other | 1109/19 | - | €12,200 | +€12,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €2,256,747 | €2,472,017 | +€215,270 | +9.5% |
| Amounts payable | 17/49 | €1,275,584 | €1,136,645 | -€138,939 | -10.9% |
| Amounts payable after more than one year | 17 | €147,066 | €30,930 | -€116,136 | -79.0% |
| Financial debts | 170/4 | €54,485 | €30,930 | -€23,555 | -43.2% |
| Other amounts payable | 178/9 | €92,581 | - | -€92,581 | |
| Amounts payable within one year | 42/48 | €1,085,232 | €1,062,430 | -€22,803 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €22,748 | €23,636 | +€889 | +3.9% |
| Trade debts | 44 | €553,759 | €826,327 | +€272,568 | +49.2% |
| Suppliers | 440/4 | €553,759 | €826,327 | +€272,568 | +49.2% |
| Taxes, remuneration and social security | 45 | €268,195 | €87,466 | -€180,729 | -67.4% |
| Taxes | 450/3 | €265,695 | €87,466 | -€178,229 | -67.1% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €240,530 | €125,000 | -€115,530 | -48.0% |
| Accrued charges and deferred income | 492/3 | €43,285 | €43,285 | = | 0.0% |
| Turnover | 70 | - | €3,444,836 | +€3.4m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €3,107,246 | +€3.1m | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,000 | €43,000 | = | 0.0% |
| Other operating charges | 640/8 | €912 | €381 | -€531 | -58.2% |
| Gross operating margin | 9900 | €359,902 | €337,590 | -€22,312 | -6.2% |
| Operating profit (loss) | 9901 | €315,990 | €294,209 | -€21,781 | -6.9% |
| Financial charges | 65/66B | €26,821 | €3,022 | -€23,799 | -88.7% |
| Recurring financial charges | 65 | €26,821 | €3,022 | -€23,799 | -88.7% |
| Profit (loss) for the period before taxes | 9903 | €289,169 | €291,187 | +€2,018 | +0.7% |
| Income taxes | 67/77 | €72,000 | €75,917 | +€3,917 | +5.4% |
| Profit (loss) for the period | 9904 | €217,169 | €215,270 | -€1,899 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €217,169 | €215,270 | -€1,899 | -0.9% |
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 13 October 2026 via checked.be.