Nowrizon: 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.
Nowrizon
Largest movements
- Receivables within one year +€308,670
up €308,670 (+17.8%), from €1.7m to €2.0m
of which Other amounts receivable: +€212,481
- Cash +€238,957
up €238,957 (+58.5%), from €408,677 to €647,635
mainly Debts after one year (+€1.3m) and Net result for the year (+€622,698)
- Tangible fixed assets -€199,659
down €199,659 (-12.2%), from €1.6m to €1.4m
of which Other tangible fixed assets: -€214,754
- Deferred charges and accrued income +€70,965
up €70,965 (+768.4%), from €9,235 to €80,200
- Current portion of long-term debt -€1.6m
down €1.6m (-80.6%), from €2.0m to €380,252
- Debts after one year +€1.3m
up €1.3m (+94.2%), from €1.3m to €2.6m
- Profit (loss) carried forward +€622,698
up €622,698 (+20.4%), from -€3.0m to -€2.4m
- Accrued charges and deferred income +€65,937
up €65,937 (+15.2%), from €434,625 to €500,562
- Gross operating margin +€183,286
up €183,286 (+11.6%), from €1.6m to €1.8m
- Staff costs +€58,944
up €58,944 (+11.5%), from €514,032 to €572,976
- Financial charges -€30,290
down €30,290 (-16.1%), from €187,932 to €157,642
- Taxes -€20,154
down €20,154, from €20,002 to -€153
- Other operating charges +€19,060
up €19,060 (+31.7%), from €60,082 to €79,142
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 | €4,234,831 | €4,645,206 | +€410,375 | +9.7% |
| Formation expenses | 20 | €6,750 | - | -€6,750 | |
| Fixed assets | 21/28 | €2,071,335 | €1,871,234 | -€200,101 | -9.7% |
| Intangible fixed assets | 21 | €5,963 | €4,520 | -€1,443 | -24.2% |
| Tangible fixed assets | 22/27 | €1,631,072 | €1,431,413 | -€199,659 | -12.2% |
| Plant, machinery and equipment | 23 | €68,249 | €81,809 | +€13,560 | +19.9% |
| Furniture and vehicles | 24 | €8,394 | €9,930 | +€1,536 | +18.3% |
| Other tangible fixed assets | 26 | €1,554,428 | €1,339,674 | -€214,754 | -13.8% |
| Financial fixed assets | 28 | €434,300 | €435,300 | +€1,000 | +0.2% |
| Current assets | 29/58 | €2,156,746 | €2,773,973 | +€617,227 | +28.6% |
| Stocks and contracts in progress | 3 | €8,366 | €7,000 | -€1,366 | -16.3% |
| Stocks | 30/36 | €8,366 | €7,000 | -€1,366 | -16.3% |
| Amounts receivable within one year | 40/41 | €1,730,467 | €2,039,138 | +€308,670 | +17.8% |
| Trade receivables | 40 | €14,456 | €110,645 | +€96,189 | +665.4% |
| Other amounts receivable | 41 | €1,716,012 | €1,928,493 | +€212,481 | +12.4% |
| Cash at bank and in hand | 54/58 | €408,677 | €647,635 | +€238,957 | +58.5% |
| Deferred charges and accrued income | 490/1 | €9,235 | €80,200 | +€70,965 | +768.4% |
| Total equity and liabilities | 10/49 | €4,234,831 | €4,645,206 | +€410,375 | +9.7% |
| Equity | 10/15 | €25,710 | €648,408 | +€622,698 | +2422.0% |
| Contributions | 10/11 | €3,047,912 | €3,047,912 | = | 0.0% |
| Reserves | 13 | €24,791 | €24,791 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,791 | €24,791 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,791 | €24,791 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,046,993 | -€2,424,295 | +€622,698 | +20.4% |
| Amounts payable | 17/49 | €4,209,120 | €3,996,798 | -€212,323 | -5.0% |
| Amounts payable after more than one year | 17 | €1,346,195 | €2,614,845 | +€1.3m | +94.2% |
| Financial debts | 170/4 | €1,346,195 | €2,614,845 | +€1.3m | +94.2% |
| Amounts payable within one year | 42/48 | €2,428,300 | €881,391 | -€1.5m | -63.7% |
| Current portion of amounts payable after more than one year | 42 | €1,964,565 | €380,252 | -€1.6m | -80.6% |
| Trade debts | 44 | €385,672 | €370,483 | -€15,189 | -3.9% |
| Suppliers | 440/4 | €385,672 | €370,483 | -€15,189 | -3.9% |
| Advances received on contracts in progress | 46 | - | €28,770 | +€28,770 | |
| Taxes, remuneration and social security | 45 | €78,063 | €101,886 | +€23,823 | +30.5% |
| Taxes | 450/3 | €9,371 | €9,906 | +€535 | +5.7% |
| Remuneration and social security | 454/9 | €68,692 | €91,980 | +€23,288 | +33.9% |
| Accrued charges and deferred income | 492/3 | €434,625 | €500,562 | +€65,937 | +15.2% |
| Remuneration, social security and pensions | 62 | €514,032 | €572,976 | +€58,944 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €372,354 | €371,011 | -€1,343 | -0.4% |
| Other operating charges | 640/8 | €60,082 | €79,142 | +€19,060 | +31.7% |
| Gross operating margin | 9900 | €1,586,826 | €1,770,113 | +€183,286 | +11.6% |
| Operating profit (loss) | 9901 | €640,358 | €746,983 | +€106,626 | +16.7% |
| Financial income | 75/76B | €20,425 | €33,204 | +€12,779 | +62.6% |
| Recurring financial income | 75 | €20,425 | €33,204 | +€12,779 | +62.6% |
| Financial charges | 65/66B | €187,932 | €157,642 | -€30,290 | -16.1% |
| Recurring financial charges | 65 | €187,932 | €157,642 | -€30,290 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €472,851 | €622,545 | +€149,694 | +31.7% |
| Income taxes | 67/77 | €20,002 | -€153 | -€20,154 | |
| Profit (loss) for the period | 9904 | €452,849 | €622,698 | +€169,849 | +37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €452,849 | €622,698 | +€169,849 | +37.5% |
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 8 October 2026 via checked.be.