Nieuw Begin: 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.
Nieuw Begin
Largest movements
- Receivables within one year +€27,879
up €27,879 (+41.4%), from €67,280 to €95,159
of which Other amounts receivable: +€19,150
- Cash +€13,090
up €13,090 (+37.5%), from €34,874 to €47,964
mainly Net result for the year (+€43,170) and Depreciation (+€6,280)
- Current investments +€8,500
up €8,500 (+8.5%), from €100,498 to €108,998
- Tangible fixed assets -€6,280
down €6,280 (-36.4%), from €17,242 to €10,962
of which Plant, machinery and equipment: -€3,603
- Reserves +€43,000
up €43,000 (+20.0%), from €215,011 to €258,011
of which Distributable reserves: +€43,000
- Trade debts +€3,278
up €3,278 (+27.2%), from €12,044 to €15,322
- Gross operating margin +€12,856
up €12,856 (+21.5%), from €59,907 to €72,763
- Taxes +€2,645
up €2,645 (+17.4%), from €15,202 to €17,847
- Financial income -€2,425
down €2,425 (-60.6%), from €4,003 to €1,578
- Financial charges -€2,341
down €2,341 (-40.1%), from €5,841 to €3,500
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 | €275,374 | €318,717 | +€43,343 | +15.7% |
| Fixed assets | 21/28 | €17,882 | €11,602 | -€6,280 | -35.1% |
| Tangible fixed assets | 22/27 | €17,242 | €10,962 | -€6,280 | -36.4% |
| Land and buildings | 22 | €3,530 | €3,125 | -€405 | -11.5% |
| Plant, machinery and equipment | 23 | €9,774 | €6,172 | -€3,603 | -36.9% |
| Furniture and vehicles | 24 | €3,938 | €1,665 | -€2,272 | -57.7% |
| Financial fixed assets | 28 | €640 | €640 | = | 0.0% |
| Current assets | 29/58 | €257,492 | €307,115 | +€49,623 | +19.3% |
| Amounts receivable after more than one year | 29 | €44,000 | €44,000 | = | 0.0% |
| Other amounts receivable | 291 | €44,000 | €44,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €1,543 | +€1,543 | |
| Stocks | 30/36 | - | €1,543 | +€1,543 | |
| Amounts receivable within one year | 40/41 | €67,280 | €95,159 | +€27,879 | +41.4% |
| Trade receivables | 40 | €20,078 | €28,807 | +€8,729 | +43.5% |
| Other amounts receivable | 41 | €47,202 | €66,352 | +€19,150 | +40.6% |
| Current investments | 50/53 | €100,498 | €108,998 | +€8,500 | +8.5% |
| Cash at bank and in hand | 54/58 | €34,874 | €47,964 | +€13,090 | +37.5% |
| Deferred charges and accrued income | 490/1 | €10,839 | €9,451 | -€1,389 | -12.8% |
| Total equity and liabilities | 10/49 | €275,374 | €318,717 | +€43,343 | +15.7% |
| Equity | 10/15 | €237,176 | €280,346 | +€43,170 | +18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €215,011 | €258,011 | +€43,000 | +20.0% |
| Tax-exempt reserves | 132 | €16,011 | €16,011 | = | 0.0% |
| Distributable reserves | 133 | €199,000 | €242,000 | +€43,000 | +21.6% |
| Profit (loss) carried forward | 14 | €3,565 | €3,735 | +€170 | +4.8% |
| Amounts payable | 17/49 | €38,198 | €38,371 | +€173 | +0.5% |
| Amounts payable within one year | 42/48 | €38,198 | €38,371 | +€173 | +0.5% |
| Trade debts | 44 | €12,044 | €15,322 | +€3,278 | +27.2% |
| Suppliers | 440/4 | €12,044 | €15,322 | +€3,278 | +27.2% |
| Taxes, remuneration and social security | 45 | €26,154 | €23,048 | -€3,105 | -11.9% |
| Taxes | 450/3 | €26,059 | €23,048 | -€3,010 | -11.6% |
| Remuneration and social security | 454/9 | €95 | - | -€95 | |
| Other amounts payable | 47/48 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,283 | €6,280 | -€3 | 0.0% |
| Other operating charges | 640/8 | €3,130 | €3,545 | +€415 | +13.2% |
| Gross operating margin | 9900 | €59,907 | €72,763 | +€12,856 | +21.5% |
| Operating profit (loss) | 9901 | €50,494 | €62,939 | +€12,444 | +24.6% |
| Financial income | 75/76B | €4,003 | €1,578 | -€2,425 | -60.6% |
| Recurring financial income | 75 | €4,003 | €1,578 | -€2,425 | -60.6% |
| Financial charges | 65/66B | €5,841 | €3,500 | -€2,341 | -40.1% |
| Recurring financial charges | 65 | €5,841 | €3,500 | -€2,341 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | €48,657 | €61,017 | +€12,360 | +25.4% |
| Income taxes | 67/77 | €15,202 | €17,847 | +€2,645 | +17.4% |
| Profit (loss) for the period | 9904 | €33,455 | €43,170 | +€9,715 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,455 | €43,170 | +€9,715 | +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 27 October 2026 via checked.be.