Nowae: 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.
Nowae
Largest movements
- Tangible fixed assets -€17,731
down €17,731 (-55.2%), from €32,093 to €14,362
of which Plant, machinery and equipment: -€10,156
- Deferred charges and accrued income -€13,978
down €13,978 (-87.5%), from €15,968 to €1,990
- Receivables within one year -€9,112
down €9,112 (-13.3%), from €68,479 to €59,367
of which Trade receivables: -€7,519
- Cash -€2,465
down €2,465 (-21.5%), from €11,471 to €9,006
mainly Accrued charges and deferred income (-€24,700) and Net result for the year (-€16,132)
- Stocks and contracts +€1,462
up €1,462 (+37.9%), from €3,862 to €5,324
- Accrued charges and deferred income -€24,700
down €24,700 (-100.0%), from €24,700 to €0
- Profit (loss) carried forward -€16,132
new in 2025: -€16,132
- Tax, wage and social debts -€6,029
down €6,029 (-45.0%), from €13,391 to €7,362
of which Taxes: -€5,970
- Trade debts +€3,340
up €3,340 (+12.3%), from €27,178 to €30,518
- Write-downs +€21,355
new in 2025: €21,355
- Gross operating margin -€15,232
down €15,232 (-23.4%), from €65,223 to €49,991
- Staff costs -€4,642
down €4,642 (-18.5%), from €25,107 to €20,465
- Taxes -€3,949
down €3,949 (-96.9%), from €4,074 to €126
- Other operating charges -€2,427
down €2,427 (-58.6%), from €4,143 to €1,716
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.
Cash bridge derived
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 | €131,873 | €90,049 | -€41,824 | -31.7% |
| Fixed assets | 21/28 | €32,093 | €14,362 | -€17,731 | -55.2% |
| Tangible fixed assets | 22/27 | €32,093 | €14,362 | -€17,731 | -55.2% |
| Plant, machinery and equipment | 23 | €14,884 | €4,727 | -€10,156 | -68.2% |
| Furniture and vehicles | 24 | €3,122 | €1,644 | -€1,478 | -47.3% |
| Other tangible fixed assets | 26 | €14,087 | €7,991 | -€6,097 | -43.3% |
| Current assets | 29/58 | €99,780 | €75,687 | -€24,093 | -24.1% |
| Stocks and contracts in progress | 3 | €3,862 | €5,324 | +€1,462 | +37.9% |
| Stocks | 30/36 | €3,862 | €5,324 | +€1,462 | +37.9% |
| Amounts receivable within one year | 40/41 | €68,479 | €59,367 | -€9,112 | -13.3% |
| Trade receivables | 40 | €22,556 | €15,037 | -€7,519 | -33.3% |
| Other amounts receivable | 41 | €45,923 | €44,330 | -€1,593 | -3.5% |
| Cash at bank and in hand | 54/58 | €11,471 | €9,006 | -€2,465 | -21.5% |
| Deferred charges and accrued income | 490/1 | €15,968 | €1,990 | -€13,978 | -87.5% |
| Total equity and liabilities | 10/49 | €131,873 | €90,049 | -€41,824 | -31.7% |
| Equity | 10/15 | €58,934 | €42,802 | -€16,132 | -27.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €52,734 | €52,734 | = | 0.0% |
| Distributable reserves | 133 | €52,734 | €52,734 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€16,132 | -€16,132 | |
| Amounts payable | 17/49 | €72,939 | €47,247 | -€25,692 | -35.2% |
| Amounts payable within one year | 42/48 | €48,239 | €47,247 | -€992 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €27,178 | €30,518 | +€3,340 | +12.3% |
| Suppliers | 440/4 | €27,178 | €30,518 | +€3,340 | +12.3% |
| Advances received on contracts in progress | 46 | €4,549 | €5,733 | +€1,185 | +26.0% |
| Taxes, remuneration and social security | 45 | €13,391 | €7,362 | -€6,029 | -45.0% |
| Taxes | 450/3 | €12,116 | €6,147 | -€5,970 | -49.3% |
| Remuneration and social security | 454/9 | €1,274 | €1,215 | -€59 | -4.6% |
| Other amounts payable | 47/48 | €3,121 | €3,634 | +€513 | +16.4% |
| Accrued charges and deferred income | 492/3 | €24,700 | €0 | -€24,700 | -100.0% |
| Remuneration, social security and pensions | 62 | €25,107 | €20,465 | -€4,642 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,833 | €17,731 | -€1,101 | -5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €21,355 | +€21,355 | |
| Other operating charges | 640/8 | €4,143 | €1,716 | -€2,427 | -58.6% |
| Gross operating margin | 9900 | €65,223 | €49,991 | -€15,232 | -23.4% |
| Operating profit (loss) | 9901 | €17,140 | -€11,277 | -€28,417 | |
| Financial income | 75/76B | €276 | €228 | -€48 | -17.4% |
| Recurring financial income | 75 | €276 | €228 | -€48 | -17.4% |
| Financial charges | 65/66B | €4,887 | €4,957 | +€71 | +1.4% |
| Recurring financial charges | 65 | €4,887 | €4,957 | +€71 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €12,529 | -€16,006 | -€28,535 | |
| Income taxes | 67/77 | €4,074 | €126 | -€3,949 | -96.9% |
| Profit (loss) for the period | 9904 | €8,455 | -€16,132 | -€24,587 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,455 | -€16,132 | -€24,587 |
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 9 October 2026 via checked.be.