NOWITEC: 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.
NOWITEC
Largest movements
- Receivables within one year +€278,152
up €278,152 (+70.1%), from €396,833 to €674,985
of which Trade receivables: +€289,795
- Cash +€150,510
up €150,510 (+52.5%), from €286,697 to €437,207
mainly Net result for the year (+€1.0m) and Other debts (+€300,000)
- Stocks and contracts +€101,495
up €101,495 (+26.8%), from €378,107 to €479,602
- Tangible fixed assets -€78,606
down €78,606 (-9.9%), from €791,503 to €712,897
- Other debts +€300,000
up €300,000 (+42.9%), from €700,000 to €1.0m
- Tax, wage and social debts +€67,504
up €67,504 (+56.9%), from €118,538 to €186,042
of which Taxes: +€43,475
- Trade debts +€64,592
up €64,592 (+50.2%), from €128,556 to €193,148
- Gross operating margin +€515,658
up €515,658 (+31.6%), from €1.6m to €2.1m
- Staff costs +€114,596
up €114,596 (+14.1%), from €811,355 to €925,952
- Financial income -€25,731
down €25,731 (-34.2%), from €75,273 to €49,542
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.
Derived cash bridge
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 | €2,226,198 | €2,677,133 | +€450,934 | +20.3% |
| Fixed assets | 21/28 | €802,768 | €724,162 | -€78,606 | -9.8% |
| Tangible fixed assets | 22/27 | €791,503 | €712,897 | -€78,606 | -9.9% |
| Land and buildings | 22 | €627,102 | €589,245 | -€37,857 | -6.0% |
| Plant, machinery and equipment | 23 | €53,319 | €32,383 | -€20,936 | -39.3% |
| Furniture and vehicles | 24 | €111,083 | €91,270 | -€19,813 | -17.8% |
| Financial fixed assets | 28 | €11,265 | €11,265 | = | 0.0% |
| Current assets | 29/58 | €1,423,430 | €1,952,970 | +€529,540 | +37.2% |
| Stocks and contracts in progress | 3 | €378,107 | €479,602 | +€101,495 | +26.8% |
| Stocks | 30/36 | €378,107 | €479,602 | +€101,495 | +26.8% |
| Amounts receivable within one year | 40/41 | €396,833 | €674,985 | +€278,152 | +70.1% |
| Trade receivables | 40 | €385,189 | €674,985 | +€289,795 | +75.2% |
| Other amounts receivable | 41 | €11,644 | - | -€11,644 | |
| Current investments | 50/53 | €345,181 | €345,096 | -€85 | 0.0% |
| Cash at bank and in hand | 54/58 | €286,697 | €437,207 | +€150,510 | +52.5% |
| Deferred charges and accrued income | 490/1 | €16,612 | €16,081 | -€532 | -3.2% |
| Total equity and liabilities | 10/49 | €2,226,198 | €2,677,133 | +€450,934 | +20.3% |
| Equity | 10/15 | €1,279,105 | €1,297,943 | +€18,838 | +1.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €276,200 | €276,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €270,000 | €270,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €892,146 | €913,990 | +€21,844 | +2.4% |
| Investment grants | 15 | €48,759 | €45,753 | -€3,006 | -6.2% |
| Amounts payable | 17/49 | €947,094 | €1,379,190 | +€432,096 | +45.6% |
| Amounts payable within one year | 42/48 | €947,094 | €1,379,190 | +€432,096 | +45.6% |
| Trade debts | 44 | €128,556 | €193,148 | +€64,592 | +50.2% |
| Suppliers | 440/4 | €128,556 | €193,148 | +€64,592 | +50.2% |
| Taxes, remuneration and social security | 45 | €118,538 | €186,042 | +€67,504 | +56.9% |
| Taxes | 450/3 | €9,028 | €52,503 | +€43,475 | +482% |
| Remuneration and social security | 454/9 | €109,509 | €133,539 | +€24,030 | +21.9% |
| Other amounts payable | 47/48 | €700,000 | €1,000,000 | +€300,000 | +42.9% |
| Remuneration, social security and pensions | 62 | €811,355 | €925,952 | +€114,596 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,325 | €110,641 | +€8,316 | +8.1% |
| Other operating charges | 640/8 | €7,640 | €7,044 | -€596 | -7.8% |
| Gross operating margin | 9900 | €1,630,803 | €2,146,461 | +€515,658 | +31.6% |
| Operating profit (loss) | 9901 | €709,482 | €1,102,824 | +€393,342 | +55.4% |
| Financial income | 75/76B | €75,273 | €49,542 | -€25,731 | -34.2% |
| Recurring financial income | 75 | €75,273 | €49,542 | -€25,731 | -34.2% |
| Financial charges | 65/66B | €11,193 | €20,694 | +€9,501 | +84.9% |
| Recurring financial charges | 65 | €11,193 | €20,694 | +€9,501 | +84.9% |
| Profit (loss) for the period before taxes | 9903 | €773,562 | €1,131,671 | +€358,109 | +46.3% |
| Income taxes | 67/77 | €88,565 | €109,827 | +€21,262 | +24.0% |
| Profit (loss) for the period | 9904 | €684,997 | €1,021,844 | +€336,847 | +49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €684,997 | €1,021,844 | +€336,847 | +49.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.