NEWVO: 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.
NEWVO
Largest movements
- Receivables within one year +€14.4m
up €14.4m (+231%), from €6.3m to €20.7m
of which Other amounts receivable: +€14.4m
- Financial fixed assets -€4.3m
down €4.3m (-100%), from €4.3m to €0
of which Affiliated companies: -€4.3m
- Profit (loss) carried forward +€10.1m
up €10.1m (+78.3%), from €13.0m to €23.1m
- Financial income +€10.1m
up €10.1m (+8,411%), from €119,589 to €10.2m
of which Non-recurring financial income: +€10.1m
- Services and other goods -€75,825
no longer reported in 2025 (was €75,825)
- Gross operating margin -€21,838
new in 2025: -€21,838
- Taxes -€19,744
down €19,744 (-63.9%), from €30,915 to €11,170
- Financial charges +€4,108
up €4,108 (+643%), from €639 to €4,746
of which Non-recurring financial charges: +€4,181
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 | €13,290,377 | €23,416,682 | +€10.1m | +76.2% |
| Fixed assets | 21/28 | €4,382,919 | €63,853 | -€4.3m | -98.5% |
| Tangible fixed assets | 22/27 | €63,853 | €63,853 | = | 0.0% |
| Assets under construction and advance payments | 27 | €63,853 | €63,853 | = | 0.0% |
| Financial fixed assets | 28 | €4,319,066 | €0 | -€4.3m | -100% |
| Affiliated companies | 280/1 | €4,314,880 | - | -€4.3m | |
| Participating interests | 280 | €4,314,880 | - | -€4.3m | |
| Other financial fixed assets | 284/8 | €4,186 | - | -€4,186 | |
| Shares | 284 | €4,186 | - | -€4,186 | |
| Current assets | 29/58 | €8,907,458 | €23,352,828 | +€14.4m | +162% |
| Amounts receivable after more than one year | 29 | €2,600,000 | €2,600,000 | = | 0.0% |
| Other amounts receivable | 291 | €2,600,000 | €2,600,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,264,515 | €20,708,196 | +€14.4m | +231% |
| Trade receivables | 40 | €937 | €0 | -€937 | -100% |
| Other amounts receivable | 41 | €6,263,578 | €20,708,196 | +€14.4m | +231% |
| Cash at bank and in hand | 54/58 | €16,944 | €18,633 | +€1,689 | +10.0% |
| Deferred charges and accrued income | 490/1 | €26,000 | €26,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €13,290,377 | €23,416,682 | +€10.1m | +76.2% |
| Equity | 10/15 | €13,230,835 | €23,370,260 | +€10.1m | +76.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €212,100 | €212,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €212,100 | €212,100 | = | 0.0% |
| Legal reserve | 130 | €212,100 | €212,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,957,235 | €23,096,660 | +€10.1m | +78.3% |
| Amounts payable | 17/49 | €59,542 | €46,422 | -€13,120 | -22.0% |
| Amounts payable within one year | 42/48 | €59,542 | €46,422 | -€13,120 | -22.0% |
| Trade debts | 44 | €59,542 | €46,422 | -€13,120 | -22.0% |
| Suppliers | 440/4 | €59,542 | €46,422 | -€13,120 | -22.0% |
| Operating charges | 60/66A | €77,094 | - | -€77,094 | |
| Services and other goods | 61 | €75,825 | - | -€75,825 | |
| Other operating charges | 640/8 | €1,269 | €1,030 | -€239 | -18.9% |
| Gross operating margin | 9900 | - | -€21,838 | -€21,838 | |
| Operating profit (loss) | 9901 | -€77,094 | -€22,868 | +€54,226 | +70.3% |
| Financial income | 75/76B | €119,589 | €10,178,209 | +€10.1m | +8,411% |
| Recurring financial income | 75 | €119,589 | €119,809 | +€219 | +0.2% |
| Income from current assets | 751 | €119,589 | - | -€119,589 | |
| Non-recurring financial income | 76B | - | €10,058,401 | +€10.1m | |
| Financial charges | 65/66B | €639 | €4,746 | +€4,108 | +643% |
| Recurring financial charges | 65 | €639 | €566 | -€73 | -11.4% |
| Other financial charges | 652/9 | €639 | - | -€639 | |
| Non-recurring financial charges | 66B | - | €4,181 | +€4,181 | |
| Profit (loss) for the period before taxes | 9903 | €41,857 | €10,150,595 | +€10.1m | +24,151% |
| Income taxes | 67/77 | €30,915 | €11,170 | -€19,744 | -63.9% |
| Taxes | 670/3 | €30,915 | - | -€30,915 | |
| Profit (loss) for the period | 9904 | €10,942 | €10,139,425 | +€10.1m | +92,564% |
| Profit (loss) for the period to be appropriated | 9905 | €10,942 | €10,139,425 | +€10.1m | +92,564% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.