NOWAK BOUW: what changed
NOWAK BOUW
Largest movements
- Cash +€14,096
up €14,096 (+24.2%), from €58,223 to €72,320
mainly Other debts (+€21,203) and Net result for the year (+€16,429)
- Tangible fixed assets -€10,728
down €10,728 (-75.9%), from €14,138 to €3,409
of which Furniture and vehicles: -€10,366
- Receivables within one year +€2,632
up €2,632 (+12.9%), from €20,333 to €22,965
of which Other amounts receivable: +€6,691
- Stocks and contracts -€2,090
down €2,090 (-68.9%), from €3,032 to €942
- Other debts +€21,203
up €21,203 (+96.4%), from €21,990 to €43,194
- Current portion of long-term debt -€9,484
no longer reported in 2025 (was €9,484)
- Tax, wage and social debts -€8,079
down €8,079 (-63.0%), from €12,814 to €4,736
of which Taxes: -€8,401
- Gross operating margin +€16,088
up €16,088 (+69.9%), from €23,030 to €39,118
- Taxes +€3,812
up €3,812 (+142%), from €2,684 to €6,497
- Other operating charges -€2,867
down €2,867 (-55.7%), from €5,151 to €2,284
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 | €99,025 | €103,556 | +€4,532 | +4.6% |
| Fixed assets | 21/28 | €14,138 | €3,409 | -€10,728 | -75.9% |
| Tangible fixed assets | 22/27 | €14,138 | €3,409 | -€10,728 | -75.9% |
| Plant, machinery and equipment | 23 | €821 | €458 | -€363 | -44.2% |
| Furniture and vehicles | 24 | €13,317 | €2,951 | -€10,366 | -77.8% |
| Current assets | 29/58 | €84,887 | €100,147 | +€15,260 | +18.0% |
| Stocks and contracts in progress | 3 | €3,032 | €942 | -€2,090 | -68.9% |
| Stocks | 30/36 | €3,032 | €942 | -€2,090 | -68.9% |
| Amounts receivable within one year | 40/41 | €20,333 | €22,965 | +€2,632 | +12.9% |
| Trade receivables | 40 | €20,333 | €16,273 | -€4,059 | -20.0% |
| Other amounts receivable | 41 | - | €6,691 | +€6,691 | |
| Cash at bank and in hand | 54/58 | €58,223 | €72,320 | +€14,096 | +24.2% |
| Deferred charges and accrued income | 490/1 | €3,299 | €3,921 | +€622 | +18.9% |
| Total equity and liabilities | 10/49 | €99,025 | €103,556 | +€4,532 | +4.6% |
| Equity | 10/15 | €42,090 | €42,090 | = | 0.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €36,090 | €36,090 | = | 0.0% |
| Distributable reserves | 133 | €36,090 | €36,090 | = | 0.0% |
| Amounts payable | 17/49 | €56,934 | €61,466 | +€4,532 | +8.0% |
| Amounts payable within one year | 42/48 | €56,647 | €60,884 | +€4,237 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €9,484 | - | -€9,484 | |
| Trade debts | 44 | €12,358 | €12,954 | +€596 | +4.8% |
| Suppliers | 440/4 | €12,358 | €12,954 | +€596 | +4.8% |
| Taxes, remuneration and social security | 45 | €12,814 | €4,736 | -€8,079 | -63.0% |
| Taxes | 450/3 | €10,366 | €1,965 | -€8,401 | -81.0% |
| Remuneration and social security | 454/9 | €2,448 | €2,771 | +€323 | +13.2% |
| Other amounts payable | 47/48 | €21,990 | €43,194 | +€21,203 | +96.4% |
| Accrued charges and deferred income | 492/3 | €288 | €582 | +€294 | +102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,647 | €13,419 | -€228 | -1.7% |
| Other operating charges | 640/8 | €5,151 | €2,284 | -€2,867 | -55.7% |
| Gross operating margin | 9900 | €23,030 | €39,118 | +€16,088 | +69.9% |
| Operating profit (loss) | 9901 | €4,231 | €23,415 | +€19,184 | +453% |
| Financial income | 75/76B | €26 | €101 | +€74 | +282% |
| Recurring financial income | 75 | €26 | €101 | +€74 | +282% |
| Financial charges | 65/66B | €368 | €591 | +€223 | +60.5% |
| Recurring financial charges | 65 | €368 | €591 | +€223 | +60.5% |
| Profit (loss) for the period before taxes | 9903 | €3,889 | €22,925 | +€19,036 | +489% |
| Income taxes | 67/77 | €2,684 | €6,497 | +€3,812 | +142% |
| Profit (loss) for the period | 9904 | €1,205 | €16,429 | +€15,223 | +1,263% |
| Profit (loss) for the period to be appropriated | 9905 | €1,205 | €16,429 | +€15,223 | +1,263% |
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 2 November 2026 via checked.be.