NOUWEN TOM: 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.
NOUWEN TOM
Largest movements
- Financial fixed assets -€40,000
no longer reported in 2025 (was €40,000)
- Cash -€6,291
down €6,291 (-37.8%), from €16,640 to €10,349
mainly Debts after one year (-€34,286) and Tax, wage and social debts (-€8,414)
- Tangible fixed assets +€5,818
up €5,818 (+235%), from €2,471 to €8,288
of which Plant, machinery and equipment: +€4,124
- Receivables within one year -€3,235
down €3,235 (-23.0%), from €14,091 to €10,856
of which Trade receivables: -€3,089
- Deferred charges and accrued income +€850
up €850 (+46.7%), from €1,821 to €2,672
- Debts after one year -€34,286
no longer reported in 2025 (was €34,286)
- Tax, wage and social debts -€8,414
down €8,414 (-59.8%), from €14,062 to €5,648
of which Taxes: -€7,664
- Trade debts -€4,132
down €4,132 (-85.6%), from €4,824 to €692
- Reserves +€3,483
up €3,483 (+19.4%), from €17,937 to €21,420
- Gross operating margin -€15,273
down €15,273 (-81.2%), from €18,818 to €3,545
- Financial income +€4,949
up €4,949 (+323,458%), from €2 to €4,950
- Taxes -€3,744
down €3,744 (-88.1%), from €4,249 to €505
- Financial charges +€766
up €766 (+113%), from €679 to €1,444
- Depreciation +€625
up €625 (+38.6%), from €1,620 to €2,244
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 | €76,109 | €32,760 | -€43,348 | -57.0% |
| Formation expenses | 20 | €1,085 | €596 | -€490 | -45.1% |
| Fixed assets | 21/28 | €42,471 | €8,288 | -€34,183 | -80.5% |
| Tangible fixed assets | 22/27 | €2,471 | €8,288 | +€5,818 | +235% |
| Land and buildings | 22 | - | €1,693 | +€1,693 | |
| Plant, machinery and equipment | 23 | €2,471 | €6,595 | +€4,124 | +167% |
| Financial fixed assets | 28 | €40,000 | - | -€40,000 | |
| Current assets | 29/58 | €32,553 | €23,877 | -€8,676 | -26.7% |
| Amounts receivable within one year | 40/41 | €14,091 | €10,856 | -€3,235 | -23.0% |
| Trade receivables | 40 | €3,711 | €621 | -€3,089 | -83.3% |
| Other amounts receivable | 41 | €10,381 | €10,235 | -€146 | -1.4% |
| Cash at bank and in hand | 54/58 | €16,640 | €10,349 | -€6,291 | -37.8% |
| Deferred charges and accrued income | 490/1 | €1,821 | €2,672 | +€850 | +46.7% |
| Total equity and liabilities | 10/49 | €76,109 | €32,760 | -€43,348 | -57.0% |
| Equity | 10/15 | €22,937 | €26,420 | +€3,483 | +15.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,937 | €21,420 | +€3,483 | +19.4% |
| Distributable reserves | 133 | €17,937 | €21,420 | +€3,483 | +19.4% |
| Amounts payable | 17/49 | €53,171 | €6,340 | -€46,831 | -88.1% |
| Amounts payable after more than one year | 17 | €34,286 | - | -€34,286 | |
| Financial debts | 170/4 | €34,286 | - | -€34,286 | |
| Amounts payable within one year | 42/48 | €18,886 | €6,340 | -€12,546 | -66.4% |
| Trade debts | 44 | €4,824 | €692 | -€4,132 | -85.6% |
| Suppliers | 440/4 | €4,824 | €692 | -€4,132 | -85.6% |
| Taxes, remuneration and social security | 45 | €14,062 | €5,648 | -€8,414 | -59.8% |
| Taxes | 450/3 | €13,312 | €5,648 | -€7,664 | -57.6% |
| Remuneration and social security | 454/9 | €750 | - | -€750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,620 | €2,244 | +€625 | +38.6% |
| Other operating charges | 640/8 | €1,140 | €819 | -€321 | -28.2% |
| Gross operating margin | 9900 | €18,818 | €3,545 | -€15,273 | -81.2% |
| Operating profit (loss) | 9901 | €16,058 | €482 | -€15,576 | -97.0% |
| Financial income | 75/76B | €2 | €4,950 | +€4,949 | +323,458% |
| Recurring financial income | 75 | €2 | €4,950 | +€4,949 | +323,458% |
| Financial charges | 65/66B | €679 | €1,444 | +€766 | +113% |
| Recurring financial charges | 65 | €679 | €1,444 | +€766 | +113% |
| Profit (loss) for the period before taxes | 9903 | €15,381 | €3,988 | -€11,393 | -74.1% |
| Income taxes | 67/77 | €4,249 | €505 | -€3,744 | -88.1% |
| Profit (loss) for the period | 9904 | €11,132 | €3,483 | -€7,649 | -68.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,132 | €3,483 | -€7,649 | -68.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.