NOWA MARKET: what changed
NOWA MARKET
Largest movements
- Receivables within one year +€22,273
up €22,273 (+164%), from €13,541 to €35,814
of which Trade receivables: +€27,863
- Intangible fixed assets +€19,159
up €19,159 (+46.4%), from €41,284 to €60,443
- Cash +€10,764
up €10,764 (+72.2%), from €14,917 to €25,681
mainly Debts after one year (+€25,000) and Depreciation (+€21,920)
- Deferred charges and accrued income -€1,719
down €1,719 (-92.3%), from €1,863 to €143
- Debts after one year +€25,000
new in 2025: €25,000
- Trade debts +€18,650
up €18,650 (+471%), from €3,962 to €22,611
- Profit (loss) carried forward +€16,878
up €16,878 (+35.2%), from -€48,011 to -€31,134
- Investment grants -€6,970
down €6,970 (-19.9%), from €35,000 to €28,030
- Other debts -€1,716
down €1,716 (-7.0%), from €24,595 to €22,879
- Gross operating margin +€48,891
up €48,891 (+267%), from €18,337 to €67,228
- Staff costs +€14,880
up €14,880 (+161%), from €9,241 to €24,121
- Depreciation +€11,349
up €11,349 (+107%), from €10,570 to €21,920
- Other operating charges +€3,364
up €3,364 (+631%), from €533 to €3,897
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €99,127 | €150,549 | +€51,422 | +51.9% |
| Fixed assets | 21/28 | €59,796 | €78,721 | +€18,925 | +31.6% |
| Intangible fixed assets | 21 | €41,284 | €60,443 | +€19,159 | +46.4% |
| Tangible fixed assets | 22/27 | €15,435 | €14,193 | -€1,242 | -8.0% |
| Furniture and vehicles | 24 | €10,124 | €9,595 | -€529 | -5.2% |
| Other tangible fixed assets | 26 | €5,312 | €4,599 | -€713 | -13.4% |
| Financial fixed assets | 28 | €3,077 | €4,085 | +€1,008 | +32.8% |
| Current assets | 29/58 | €39,331 | €71,827 | +€32,497 | +82.6% |
| Stocks and contracts in progress | 3 | €9,011 | €10,189 | +€1,178 | +13.1% |
| Stocks | 30/36 | €9,011 | €10,189 | +€1,178 | +13.1% |
| Amounts receivable within one year | 40/41 | €13,541 | €35,814 | +€22,273 | +164% |
| Trade receivables | 40 | €7,404 | €35,267 | +€27,863 | +376% |
| Other amounts receivable | 41 | €6,137 | €547 | -€5,590 | -91.1% |
| Cash at bank and in hand | 54/58 | €14,917 | €25,681 | +€10,764 | +72.2% |
| Deferred charges and accrued income | 490/1 | €1,863 | €143 | -€1,719 | -92.3% |
| Total equity and liabilities | 10/49 | €99,127 | €150,549 | +€51,422 | +51.9% |
| Equity | 10/15 | €66,989 | €76,896 | +€9,907 | +14.8% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,011 | -€31,134 | +€16,878 | +35.2% |
| Investment grants | 15 | €35,000 | €28,030 | -€6,970 | -19.9% |
| Amounts payable | 17/49 | €32,138 | €73,653 | +€41,515 | +129% |
| Amounts payable after more than one year | 17 | - | €25,000 | +€25,000 | |
| Financial debts | 170/4 | - | €25,000 | +€25,000 | |
| Amounts payable within one year | 42/48 | €31,988 | €47,912 | +€15,924 | +49.8% |
| Trade debts | 44 | €3,962 | €22,611 | +€18,650 | +471% |
| Suppliers | 440/4 | €3,962 | €22,611 | +€18,650 | +471% |
| Taxes, remuneration and social security | 45 | €3,431 | €2,421 | -€1,010 | -29.4% |
| Taxes | 450/3 | €175 | - | -€175 | |
| Remuneration and social security | 454/9 | €3,256 | €2,421 | -€834 | -25.6% |
| Other amounts payable | 47/48 | €24,595 | €22,879 | -€1,716 | -7.0% |
| Accrued charges and deferred income | 492/3 | €150 | €741 | +€591 | +394% |
| Remuneration, social security and pensions | 62 | €9,241 | €24,121 | +€14,880 | +161% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,570 | €21,920 | +€11,349 | +107% |
| Other operating charges | 640/8 | €533 | €3,897 | +€3,364 | +631% |
| Gross operating margin | 9900 | €18,337 | €67,228 | +€48,891 | +267% |
| Operating profit (loss) | 9901 | -€2,008 | €17,290 | +€19,298 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -96.7% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -96.7% |
| Financial charges | 65/66B | €352 | €413 | +€60 | +17.1% |
| Recurring financial charges | 65 | €352 | €413 | +€60 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,359 | €16,878 | +€19,236 | |
| Profit (loss) for the period | 9904 | -€2,359 | €16,878 | +€19,236 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,359 | €16,878 | +€19,236 |
Next steps
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 3 November 2026 via checked.be.