NOWBE: 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.
NOWBE
Largest movements
- Current investments +€58,470
up €58,470 (+464.7%), from €12,584 to €71,054
- Financial fixed assets +€15,000
up €15,000 (+75.0%), from €20,000 to €35,000
- Receivables within one year +€8,266
up €8,266 (+11.8%), from €69,920 to €78,186
of which Other amounts receivable: +€27,893
- Tangible fixed assets -€5,245
down €5,245 (-7.3%), from €71,838 to €66,592
of which Leasing and similar rights: -€4,883
- Other debts +€87,777
up €87,777 (+39418.6%), from €223 to €88,000
- Trade debts -€46,443
no longer reported in 2025 (was €46,443)
- Profit (loss) carried forward +€21,674
up €21,674 (+12.2%), from €177,379 to €199,053
- Tax, wage and social debts +€19,147
up €19,147 (+191.5%), from €10,000 to €29,147
- Current portion of long-term debt -€9,102
no longer reported in 2025 (was €9,102)
- Gross operating margin +€129,675
up €129,675 (+537.6%), from €24,120 to €153,795
- Taxes +€32,306
up €32,306 (+19542.7%), from €165 to €32,471
- Financial charges -€5,653
down €5,653 (-52.8%), from €10,712 to €5,059
- Financial income -€4,345
down €4,345 (-76.2%), from €5,704 to €1,359
- Depreciation +€2,249
up €2,249 (+45.0%), from €5,000 to €7,249
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 | €244,247 | €317,301 | +€73,054 | +29.9% |
| Fixed assets | 21/28 | €91,838 | €101,592 | +€9,755 | +10.6% |
| Tangible fixed assets | 22/27 | €71,838 | €66,592 | -€5,245 | -7.3% |
| Land and buildings | 22 | €48,680 | €47,408 | -€1,273 | -2.6% |
| Plant, machinery and equipment | 23 | €1,057 | €1,968 | +€910 | +86.1% |
| Leasing and similar rights | 25 | €22,100 | €17,217 | -€4,883 | -22.1% |
| Financial fixed assets | 28 | €20,000 | €35,000 | +€15,000 | +75.0% |
| Current assets | 29/58 | €152,409 | €215,708 | +€63,299 | +41.5% |
| Amounts receivable within one year | 40/41 | €69,920 | €78,186 | +€8,266 | +11.8% |
| Trade receivables | 40 | €65,028 | €45,401 | -€19,627 | -30.2% |
| Other amounts receivable | 41 | €4,892 | €32,784 | +€27,893 | +570.2% |
| Current investments | 50/53 | €12,584 | €71,054 | +€58,470 | +464.7% |
| Cash at bank and in hand | 54/58 | €66,856 | €66,468 | -€387 | -0.6% |
| Deferred charges and accrued income | 490/1 | €3,050 | - | -€3,050 | |
| Total equity and liabilities | 10/49 | €244,247 | €317,301 | +€73,054 | +29.9% |
| Equity | 10/15 | €178,479 | €200,153 | +€21,674 | +12.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €177,379 | €199,053 | +€21,674 | +12.2% |
| Amounts payable | 17/49 | €65,768 | €117,147 | +€51,380 | +78.1% |
| Amounts payable within one year | 42/48 | €65,768 | €117,147 | +€51,380 | +78.1% |
| Current portion of amounts payable after more than one year | 42 | €9,102 | - | -€9,102 | |
| Trade debts | 44 | €46,443 | - | -€46,443 | |
| Suppliers | 440/4 | €46,443 | - | -€46,443 | |
| Taxes, remuneration and social security | 45 | €10,000 | €29,147 | +€19,147 | +191.5% |
| Taxes | 450/3 | €10,000 | €29,147 | +€19,147 | +191.5% |
| Other amounts payable | 47/48 | €223 | €88,000 | +€87,777 | +39418.6% |
| Remuneration, social security and pensions | 62 | €1,920 | - | -€1,920 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,000 | €7,249 | +€2,249 | +45.0% |
| Other operating charges | 640/8 | €1,970 | €701 | -€1,268 | -64.4% |
| Gross operating margin | 9900 | €24,120 | €153,795 | +€129,675 | +537.6% |
| Operating profit (loss) | 9901 | €15,231 | €145,846 | +€130,615 | +857.6% |
| Financial income | 75/76B | €5,704 | €1,359 | -€4,345 | -76.2% |
| Recurring financial income | 75 | €5,704 | €1,359 | -€4,345 | -76.2% |
| Financial charges | 65/66B | €10,712 | €5,059 | -€5,653 | -52.8% |
| Recurring financial charges | 65 | €10,712 | €5,059 | -€5,653 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | €10,223 | €142,146 | +€131,923 | +1290.5% |
| Income taxes | 67/77 | €165 | €32,471 | +€32,306 | +19542.7% |
| Profit (loss) for the period | 9904 | €10,057 | €109,674 | +€99,617 | +990.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,057 | €109,674 | +€99,617 | +990.5% |
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.