NOWEA: what changed
NOWEA
Largest movements
- Receivables within one year -€59,571
down €59,571 (-96.2%), from €61,916 to €2,345
of which Trade receivables: -€58,593
- Cash -€12,132
down €12,132 (-18.3%), from €66,284 to €54,152
mainly Contributions, distributions and other (-€70,000) and Other debts (-€68,645)
- Tangible fixed assets -€2,864
down €2,864 (-66.9%), from €4,283 to €1,419
- Deferred charges and accrued income +€1,555
up €1,555 (+138%), from €1,129 to €2,684
- Other debts -€68,645
down €68,645 (-66.1%), from €103,801 to €35,156
- Profit (loss) carried forward -€4,103
down €4,103 (-46.3%), from €8,871 to €4,767
- Gross operating margin -€32,987
down €32,987 (-26.5%), from €124,584 to €91,598
- Taxes -€7,045
down €7,045 (-27.3%), from €25,830 to €18,785
- Depreciation -€5,399
down €5,399 (-51.5%), from €10,484 to €5,084
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 | €135,676 | €61,465 | -€74,211 | -54.7% |
| Fixed assets | 21/28 | €6,347 | €2,284 | -€4,063 | -64.0% |
| Intangible fixed assets | 21 | €1,135 | €86 | -€1,049 | -92.4% |
| Tangible fixed assets | 22/27 | €4,283 | €1,419 | -€2,864 | -66.9% |
| Furniture and vehicles | 24 | €4,283 | €1,419 | -€2,864 | -66.9% |
| Financial fixed assets | 28 | €929 | €779 | -€150 | -16.2% |
| Current assets | 29/58 | €129,329 | €59,181 | -€70,148 | -54.2% |
| Amounts receivable within one year | 40/41 | €61,916 | €2,345 | -€59,571 | -96.2% |
| Trade receivables | 40 | €60,000 | €1,407 | -€58,593 | -97.7% |
| Other amounts receivable | 41 | €1,916 | €938 | -€977 | -51.0% |
| Cash at bank and in hand | 54/58 | €66,284 | €54,152 | -€12,132 | -18.3% |
| Deferred charges and accrued income | 490/1 | €1,129 | €2,684 | +€1,555 | +138% |
| Total equity and liabilities | 10/49 | €135,676 | €61,465 | -€74,211 | -54.7% |
| Equity | 10/15 | €29,331 | €25,227 | -€4,103 | -14.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,871 | €4,767 | -€4,103 | -46.3% |
| Amounts payable | 17/49 | €106,345 | €36,238 | -€70,108 | -65.9% |
| Amounts payable within one year | 42/48 | €106,345 | €36,238 | -€70,108 | -65.9% |
| Trade debts | 44 | €1,714 | €1,082 | -€633 | -36.9% |
| Suppliers | 440/4 | €1,714 | €1,082 | -€633 | -36.9% |
| Taxes, remuneration and social security | 45 | €830 | €0 | -€830 | -100% |
| Taxes | 450/3 | €830 | €0 | -€830 | -100% |
| Other amounts payable | 47/48 | €103,801 | €35,156 | -€68,645 | -66.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,484 | €5,084 | -€5,399 | -51.5% |
| Other operating charges | 640/8 | €1,231 | €933 | -€298 | -24.2% |
| Gross operating margin | 9900 | €124,584 | €91,598 | -€32,987 | -26.5% |
| Operating profit (loss) | 9901 | €112,869 | €85,580 | -€27,289 | -24.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -80.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -80.0% |
| Financial charges | 65/66B | €937 | €898 | -€39 | -4.2% |
| Recurring financial charges | 65 | €937 | €898 | -€39 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €111,932 | €84,682 | -€27,250 | -24.3% |
| Income taxes | 67/77 | €25,830 | €18,785 | -€7,045 | -27.3% |
| Profit (loss) for the period | 9904 | €86,102 | €65,897 | -€20,205 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €86,102 | €65,897 | -€20,205 | -23.5% |
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 4 November 2026 via checked.be.