NIEUWEVAART: what changed
What changed
NIEUWEVAART
filed annual accounts (NBB)
Net result for the year
€139,280
2024 · €336,769-€197,489
Equity
€844,860
2024 · €1.1m-€210,720
Cash
€131,401
2024 · €318,211-€186,810
Balance sheet total
€1.6m
2024 · €1.5m+€145,955
Largest movements
Assets
- Current investments +€315,710
up €315,710 (+31.6%), from €1.0m to €1.3m
- Cash -€186,810
down €186,810 (-58.7%), from €318,211 to €131,401
mainly Contributions, distributions and other (-€350,000) and Current investments (-€315,710)
Equity and liabilities
- Other debts +€353,567
up €353,567 (+101%), from €350,651 to €704,218
- Profit (loss) carried forward -€210,720
down €210,720 (-34.2%), from €616,135 to €405,416
Income statement
- Gross operating margin -€251,265
down €251,265 (-55.4%), from €453,279 to €202,014
- Other operating charges +€31,619
up €31,619 (+446%), from €7,087 to €38,706
- Financial income +€21,314
up €21,314 (+331%), from €6,431 to €27,745
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.
Result 2024
€336,769
Gross operating margin
-€251,265
Other operating charges
-€31,619
Financial income
+€21,314
Financial charges
-€1,748
Taxes
+€3,074
Deferred taxes and other
+€62,756
Result 2025
€139,280
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€478,900
Investment
-€315,710
Financing
-€350,000
Cash 2024
€318,211
From operations (derived)
+€478,900
Net result for the year
+€139,280
Receivables within one year
-€11,753
Deferred charges and accrued income
-€5,302
Tax, wage and social debts
-€230
Other debts
+€353,567
Accrued charges and deferred income
+€3,337
Investment (derived)
-€315,710
Current investments
-€315,710
Financing
-€350,000
Contributions, distributions and other
-€350,000
Cash 2025
€131,401
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,472,783 | €1,618,737 | +€145,955 | +9.9% |
| Fixed assets | 21/28 | €146,980 | €146,980 | = | 0.0% |
| Tangible fixed assets | 22/27 | €146,980 | €146,980 | = | 0.0% |
| Land and buildings | 22 | €146,980 | €146,980 | = | 0.0% |
| Current assets | 29/58 | €1,325,802 | €1,471,757 | +€145,955 | +11.0% |
| Amounts receivable within one year | 40/41 | €7,591 | €19,344 | +€11,753 | +155% |
| Other amounts receivable | 41 | €7,591 | €19,344 | +€11,753 | +155% |
| Current investments | 50/53 | €1,000,000 | €1,315,710 | +€315,710 | +31.6% |
| Cash at bank and in hand | 54/58 | €318,211 | €131,401 | -€186,810 | -58.7% |
| Deferred charges and accrued income | 490/1 | - | €5,302 | +€5,302 | |
| Total equity and liabilities | 10/49 | €1,472,783 | €1,618,737 | +€145,955 | +9.9% |
| Equity | 10/15 | €1,055,580 | €844,860 | -€210,720 | -20.0% |
| Contributions | 10/11 | €227,730 | €227,730 | = | 0.0% |
| Capital | 10 | €227,730 | €227,730 | = | 0.0% |
| Issued capital | 100 | €227,730 | €227,730 | = | 0.0% |
| Reserves | 13 | €211,714 | €211,714 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,773 | €22,773 | = | 0.0% |
| Legal reserve | 130 | €22,773 | €22,773 | = | 0.0% |
| Tax-exempt reserves | 132 | €188,267 | €188,267 | = | 0.0% |
| Distributable reserves | 133 | €674 | €674 | = | 0.0% |
| Profit (loss) carried forward | 14 | €616,135 | €405,416 | -€210,720 | -34.2% |
| Provisions and deferred taxes | 16 | €62,756 | €62,756 | = | 0.0% |
| Deferred taxes | 168 | €62,756 | €62,756 | = | 0.0% |
| Amounts payable | 17/49 | €354,447 | €711,122 | +€356,674 | +101% |
| Amounts payable within one year | 42/48 | €350,881 | €704,218 | +€353,337 | +101% |
| Taxes, remuneration and social security | 45 | €230 | - | -€230 | |
| Taxes | 450/3 | €230 | - | -€230 | |
| Other amounts payable | 47/48 | €350,651 | €704,218 | +€353,567 | +101% |
| Accrued charges and deferred income | 492/3 | €3,567 | €6,904 | +€3,337 | +93.6% |
| Non-recurring operating income | 76A | €251,023 | - | -€251,023 | |
| Other operating charges | 640/8 | €7,087 | €38,706 | +€31,619 | +446% |
| Gross operating margin | 9900 | €453,279 | €202,014 | -€251,265 | -55.4% |
| Operating profit (loss) | 9901 | €446,191 | €163,308 | -€282,884 | -63.4% |
| Financial income | 75/76B | €6,431 | €27,745 | +€21,314 | +331% |
| Recurring financial income | 75 | €6,431 | €27,745 | +€21,314 | +331% |
| Financial charges | 65/66B | €3,597 | €5,345 | +€1,748 | +48.6% |
| Recurring financial charges | 65 | €3,597 | €5,345 | +€1,748 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | €449,026 | €185,707 | -€263,319 | -58.6% |
| Transfer to deferred taxes | 680 | €62,756 | - | -€62,756 | |
| Income taxes | 67/77 | €49,501 | €46,427 | -€3,074 | -6.2% |
| Profit (loss) for the period | 9904 | €336,769 | €139,280 | -€197,489 | -58.6% |
| Transfer to tax-exempt reserves | 689 | €188,267 | - | -€188,267 | |
| Profit (loss) for the period to be appropriated | 9905 | €148,502 | €139,280 | -€9,222 | -6.2% |
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Calculation and sources
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 6 November 2026 via checked.be.