NOWA HR: 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.
NOWA HR
Largest movements
- Receivables within one year -€57,085
down €57,085 (-13.7%), from €417,835 to €360,750
of which Trade receivables: -€72,460
- Cash +€53,092
up €53,092 (+110%), from €48,075 to €101,168
mainly Other debts (+€58,911) and Receivables within one year (+€57,085)
- Tangible fixed assets -€25,011
down €25,011 (-33.6%), from €74,338 to €49,327
of which Furniture and vehicles: -€24,845
- Deferred charges and accrued income +€6,331
up €6,331 (+120%), from €5,275 to €11,606
- Profit (loss) carried forward -€86,867
down €86,867 (-99.3%), from €87,467 to €600
- Other debts +€58,911
up €58,911 (+87.3%), from €67,501 to €126,412
- Trade debts +€37,510
up €37,510 (+17.5%), from €214,595 to €252,105
- Current portion of long-term debt -€26,815
down €26,815 (-78.5%), from €34,156 to €7,341
- Staff costs +€307,056
up €307,056 (+79.2%), from €387,484 to €694,540
- Gross operating margin +€234,688
up €234,688 (+46.0%), from €510,628 to €745,316
- Taxes -€15,472
down €15,472 (-65.8%), from €23,506 to €8,034
- Financial charges +€8,620
up €8,620 (+219%), from €3,933 to €12,553
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 | €549,079 | €529,619 | -€19,460 | -3.5% |
| Fixed assets | 21/28 | €77,894 | €56,095 | -€21,798 | -28.0% |
| Intangible fixed assets | 21 | €3,555 | €6,768 | +€3,213 | +90.4% |
| Tangible fixed assets | 22/27 | €74,338 | €49,327 | -€25,011 | -33.6% |
| Plant, machinery and equipment | 23 | €1,898 | €1,732 | -€166 | -8.7% |
| Furniture and vehicles | 24 | €72,441 | €47,596 | -€24,845 | -34.3% |
| Current assets | 29/58 | €471,186 | €473,524 | +€2,338 | +0.5% |
| Amounts receivable within one year | 40/41 | €417,835 | €360,750 | -€57,085 | -13.7% |
| Trade receivables | 40 | €416,903 | €344,444 | -€72,460 | -17.4% |
| Other amounts receivable | 41 | €932 | €16,306 | +€15,375 | +1,650% |
| Cash at bank and in hand | 54/58 | €48,075 | €101,168 | +€53,092 | +110% |
| Deferred charges and accrued income | 490/1 | €5,275 | €11,606 | +€6,331 | +120% |
| Total equity and liabilities | 10/49 | €549,079 | €529,619 | -€19,460 | -3.5% |
| Equity | 10/15 | €102,467 | €15,600 | -€86,867 | -84.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,467 | €600 | -€86,867 | -99.3% |
| Amounts payable | 17/49 | €446,612 | €514,019 | +€67,407 | +15.1% |
| Amounts payable after more than one year | 17 | €2,650 | - | -€2,650 | |
| Financial debts | 170/4 | €2,650 | - | -€2,650 | |
| Amounts payable within one year | 42/48 | €443,896 | €513,952 | +€70,055 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €34,156 | €7,341 | -€26,815 | -78.5% |
| Trade debts | 44 | €214,595 | €252,105 | +€37,510 | +17.5% |
| Suppliers | 440/4 | €214,595 | €252,105 | +€37,510 | +17.5% |
| Taxes, remuneration and social security | 45 | €127,644 | €128,093 | +€449 | +0.4% |
| Taxes | 450/3 | €89,363 | €69,557 | -€19,806 | -22.2% |
| Remuneration and social security | 454/9 | €38,282 | €58,536 | +€20,255 | +52.9% |
| Other amounts payable | 47/48 | €67,501 | €126,412 | +€58,911 | +87.3% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +1.7% |
| Non-recurring operating income | 76A | €3,325 | €333 | -€2,992 | -90.0% |
| Remuneration, social security and pensions | 62 | €387,484 | €694,540 | +€307,056 | +79.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,945 | €27,744 | +€799 | +3.0% |
| Other operating charges | 640/8 | €1,524 | €1,869 | +€345 | +22.6% |
| Gross operating margin | 9900 | €510,628 | €745,316 | +€234,688 | +46.0% |
| Operating profit (loss) | 9901 | €94,675 | €21,163 | -€73,513 | -77.6% |
| Financial income | 75/76B | €1 | €25 | +€23 | +1,635% |
| Recurring financial income | 75 | €1 | €25 | +€23 | +1,635% |
| Financial charges | 65/66B | €3,933 | €12,553 | +€8,620 | +219% |
| Recurring financial charges | 65 | €3,933 | €12,553 | +€8,620 | +219% |
| Profit (loss) for the period before taxes | 9903 | €90,743 | €8,634 | -€82,109 | -90.5% |
| Income taxes | 67/77 | €23,506 | €8,034 | -€15,472 | -65.8% |
| Profit (loss) for the period | 9904 | €67,237 | €600 | -€66,637 | -99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,237 | €600 | -€66,637 | -99.1% |
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 26 October 2026 via checked.be.