Nowedis: what changed
Two fiscal 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.
What changed
Nowedis
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€39,475
2024 · €105,156-€65,681
Equity
€204,475
2024 · €165,000+€39,475
Cash
€439,539
2024 · €324,775+€114,764
Balance sheet total
€1.5m
2024 · €1.5m+€57,496
Largest movements
Assets
- Receivables within one year -€122,467
down €122,467 (-51.7%), from €236,944 to €114,477
of which Other amounts receivable: -€171,198
- Cash +€114,764
up €114,764 (+35.3%), from €324,775 to €439,539
mainly Receivables within one year (+€122,467) and Depreciation (+€99,463)
- Stocks and contracts +€54,727
up €54,727 (+15.4%), from €354,982 to €409,709
- Tangible fixed assets +€15,492
up €15,492 (+3.1%), from €496,861 to €512,353
of which Plant, machinery and equipment: +€36,794
Equity and liabilities
- Trade debts +€91,353
up €91,353 (+13.5%), from €674,847 to €766,201
- Short-term financial debts -€58,143
down €58,143 (-26.1%), from €222,805 to €164,662
- Current portion of long-term debt -€53,101
down €53,101 (-51.3%), from €103,580 to €50,479
- Debts after one year +€52,794
up €52,794 (+63.3%), from €83,449 to €136,243
of which Financial debts: +€52,794
- Other debts -€51,622
down €51,622 (-49.1%), from €105,156 to €53,534
Income statement
- Turnover -€8.8m
no longer reported in 2025 (was €8.8m)
- Goods and materials -€6.9m
no longer reported in 2025 (was €6.9m)
of which Purchases: -€7.0m
- Services and other goods -€966,816
no longer reported in 2025 (was €966,816)
- Gross operating margin +€892,530
new in 2025: €892,530
- Other operating income -€103,722
no longer reported in 2025 (was €103,722)
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.
Result 2024
€105,156
Turnover
-€8.8m
Other operating income
-€103,722
Goods and materials
+€6.9m
Services and other goods
+€966,816
Staff costs
+€21,399
Depreciation
+€17,204
Other operating charges
+€22,254
Other operating items
+€887,418
Financial income
-€11,871
Financial charges
-€16,950
Taxes
+€29,169
Result 2025
€39,475
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.
From operations
+€282,809
Investment
-€109,595
Financing
-€58,450
Cash 2024
€324,775
From operations (derived)
+€282,809
Net result for the year
+€39,475
Depreciation
+€99,463
Stocks and contracts
-€54,727
Receivables within one year
+€122,467
Deferred charges and accrued income
-€341
Trade debts
+€91,353
Tax, wage and social debts
+€35,493
Other debts
-€51,622
Accrued charges and deferred income
+€1,247
Investment (derived)
-€109,595
Investment in fixed assets (net)
-€109,595
Financing
-€58,450
Debts after one year
+€52,794
Current portion of long-term debt
-€53,101
Short-term financial debts
-€58,143
Cash 2025
€439,539
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,453,262 | €1,510,759 | +€57,496 | +4.0% |
| Fixed assets | 21/28 | €531,396 | €541,528 | +€10,132 | +1.9% |
| Tangible fixed assets | 22/27 | €496,861 | €512,353 | +€15,492 | +3.1% |
| Land and buildings | 22 | €217,838 | €178,948 | -€38,890 | -17.9% |
| Plant, machinery and equipment | 23 | €190,932 | €227,726 | +€36,794 | +19.3% |
| Furniture and vehicles | 24 | €17,208 | €43,365 | +€26,157 | +152.0% |
| Leasing and similar rights | 25 | €70,883 | €37,064 | -€33,819 | -47.7% |
| Assets under construction and advance payments | 27 | - | €25,250 | +€25,250 | |
| Financial fixed assets | 28 | €34,535 | €29,175 | -€5,360 | -15.5% |
| Companies linked by participating interests | 282/3 | €8,567 | - | -€8,567 | |
| Participating interests | 282 | €8,567 | - | -€8,567 | |
| Other financial fixed assets | 284/8 | €25,968 | - | -€25,968 | |
| Amounts receivable and cash guarantees | 285/8 | €25,968 | - | -€25,968 | |
| Current assets | 29/58 | €921,866 | €969,231 | +€47,365 | +5.1% |
| Stocks and contracts in progress | 3 | €354,982 | €409,709 | +€54,727 | +15.4% |
| Stocks | 30/36 | €354,982 | €409,709 | +€54,727 | +15.4% |
| Goods purchased for resale | 34 | €354,982 | - | -€354,982 | |
| Amounts receivable within one year | 40/41 | €236,944 | €114,477 | -€122,467 | -51.7% |
| Trade receivables | 40 | €32,153 | €80,884 | +€48,731 | +151.6% |
| Other amounts receivable | 41 | €204,791 | €33,593 | -€171,198 | -83.6% |
| Cash at bank and in hand | 54/58 | €324,775 | €439,539 | +€114,764 | +35.3% |
| Deferred charges and accrued income | 490/1 | €5,165 | €5,506 | +€341 | +6.6% |
| Total equity and liabilities | 10/49 | €1,453,262 | €1,510,759 | +€57,496 | +4.0% |
| Equity | 10/15 | €165,000 | €204,475 | +€39,475 | +23.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €39,475 | +€39,475 | |
| Amounts payable | 17/49 | €1,288,262 | €1,306,283 | +€18,021 | +1.4% |
| Amounts payable after more than one year | 17 | €83,449 | €136,243 | +€52,794 | +63.3% |
| Financial debts | 170/4 | €79,649 | €132,443 | +€52,794 | +66.3% |
| Leasing and similar obligations | 172 | €33,857 | - | -€33,857 | |
| Credit institutions | 173 | €45,792 | - | -€45,792 | |
| Other amounts payable | 178/9 | €3,800 | €3,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,204,629 | €1,168,610 | -€36,020 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €103,580 | €50,479 | -€53,101 | -51.3% |
| Financial debts | 43 | €222,805 | €164,662 | -€58,143 | -26.1% |
| Credit institutions | 430/8 | €222,805 | €164,662 | -€58,143 | -26.1% |
| Trade debts | 44 | €674,847 | €766,201 | +€91,353 | +13.5% |
| Suppliers | 440/4 | €674,847 | €766,201 | +€91,353 | +13.5% |
| Taxes, remuneration and social security | 45 | €98,241 | €133,733 | +€35,493 | +36.1% |
| Taxes | 450/3 | €168 | €24,324 | +€24,156 | +14410.3% |
| Remuneration and social security | 454/9 | €98,073 | €109,410 | +€11,337 | +11.6% |
| Other amounts payable | 47/48 | €105,156 | €53,534 | -€51,622 | -49.1% |
| Accrued charges and deferred income | 492/3 | €183 | €1,430 | +€1,247 | +680.1% |
| Operating income | 70/76A | €8,888,316 | - | -€8.9m | |
| Turnover | 70 | €8,781,597 | - | -€8.8m | |
| Other operating income | 74 | €103,722 | - | -€103,722 | |
| Non-recurring operating income | 76A | €2,998 | €147 | -€2,851 | -95.1% |
| Operating charges | 60/66A | €8,716,513 | - | -€8.7m | |
| Goods for resale, raw materials and consumables | 60 | €6,904,199 | - | -€6.9m | |
| Purchases | 600/8 | €6,952,297 | - | -€7.0m | |
| Change in stocks: decrease (increase) | 609 | -€48,098 | - | +€48,098 | |
| Services and other goods | 61 | €966,816 | - | -€966,816 | |
| Remuneration, social security and pensions | 62 | €668,764 | €647,365 | -€21,399 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,667 | €99,463 | -€17,204 | -14.7% |
| Other operating charges | 640/8 | €58,719 | €36,464 | -€22,254 | -37.9% |
| Non-recurring operating charges | 66A | €1,349 | €3,464 | +€2,115 | +156.8% |
| Gross operating margin | 9900 | - | €892,530 | +€892,530 | |
| Operating profit (loss) | 9901 | €171,803 | €105,774 | -€66,028 | -38.4% |
| Financial income | 75/76B | €13,313 | €1,442 | -€11,871 | -89.2% |
| Recurring financial income | 75 | €13,313 | €1,039 | -€12,273 | -92.2% |
| Income from current assets | 751 | €10,332 | - | -€10,332 | |
| Other financial income | 752/9 | €2,981 | - | -€2,981 | |
| Non-recurring financial income | 76B | - | €403 | +€403 | |
| Financial charges | 65/66B | €31,334 | €48,284 | +€16,950 | +54.1% |
| Recurring financial charges | 65 | €31,334 | €46,897 | +€15,563 | +49.7% |
| Debt charges | 650 | €10,784 | - | -€10,784 | |
| Other financial charges | 652/9 | €20,550 | - | -€20,550 | |
| Non-recurring financial charges | 66B | - | €1,387 | +€1,387 | |
| Profit (loss) for the period before taxes | 9903 | €153,781 | €58,932 | -€94,850 | -61.7% |
| Income taxes | 67/77 | €48,625 | €19,456 | -€29,169 | -60.0% |
| Taxes | 670/3 | €48,625 | - | -€48,625 | |
| Profit (loss) for the period | 9904 | €105,156 | €39,475 | -€65,681 | -62.5% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €105,156 | €39,475 | -€65,681 | -62.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.