NOWSHAK: 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.
NOWSHAK
Largest movements
- Cash +€132,382
up €132,382 (+74.8%), from €176,899 to €309,281
mainly Other debts (+€278,410) and Receivables within one year (+€104,280)
- Receivables within one year -€104,280
down €104,280 (-26.8%), from €388,722 to €284,442
of which Trade receivables: -€120,098
- Profit (loss) carried forward -€286,647
down €286,647 (-87.0%), from €329,643 to €42,996
- Other debts +€278,410
up €278,410 (+14,111%), from €1,973 to €280,383
- Tax, wage and social debts +€49,446
new in 2025: €49,446
- Trade debts -€12,814
down €12,814 (-5.5%), from €234,624 to €221,810
- Gross operating margin -€37,765
down €37,765 (-39.5%), from €95,605 to €57,839
- Taxes -€9,656
down €9,656 (-40.4%), from €23,894 to €14,238
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 | €566,241 | €594,636 | +€28,395 | +5.0% |
| Current assets | 29/58 | €566,241 | €594,636 | +€28,395 | +5.0% |
| Amounts receivable within one year | 40/41 | €388,722 | €284,442 | -€104,280 | -26.8% |
| Trade receivables | 40 | €304,195 | €184,097 | -€120,098 | -39.5% |
| Other amounts receivable | 41 | €84,527 | €100,345 | +€15,818 | +18.7% |
| Cash at bank and in hand | 54/58 | €176,899 | €309,281 | +€132,382 | +74.8% |
| Deferred charges and accrued income | 490/1 | €620 | €913 | +€293 | +47.2% |
| Total equity and liabilities | 10/49 | €566,241 | €594,636 | +€28,395 | +5.0% |
| Equity | 10/15 | €329,643 | €42,996 | -€286,647 | -87.0% |
| Profit (loss) carried forward | 14 | €329,643 | €42,996 | -€286,647 | -87.0% |
| Amounts payable | 17/49 | €236,597 | €551,640 | +€315,042 | +133% |
| Amounts payable within one year | 42/48 | €236,597 | €551,640 | +€315,042 | +133% |
| Trade debts | 44 | €234,624 | €221,810 | -€12,814 | -5.5% |
| Suppliers | 440/4 | €234,624 | €221,810 | -€12,814 | -5.5% |
| Taxes, remuneration and social security | 45 | - | €49,446 | +€49,446 | |
| Taxes | 450/3 | - | €49,446 | +€49,446 | |
| Other amounts payable | 47/48 | €1,973 | €280,383 | +€278,410 | +14,111% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26 | €0 | -€26 | -100% |
| Other operating charges | 640/8 | €194 | €400 | +€206 | +106% |
| Gross operating margin | 9900 | €95,605 | €57,839 | -€37,765 | -39.5% |
| Operating profit (loss) | 9901 | €95,384 | €57,440 | -€37,945 | -39.8% |
| Financial charges | 65/66B | €114 | €206 | +€93 | +81.4% |
| Recurring financial charges | 65 | €114 | €206 | +€93 | +81.4% |
| Profit (loss) for the period before taxes | 9903 | €95,271 | €57,234 | -€38,037 | -39.9% |
| Income taxes | 67/77 | €23,894 | €14,238 | -€9,656 | -40.4% |
| Profit (loss) for the period | 9904 | €71,377 | €42,996 | -€28,381 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €71,377 | €42,996 | -€28,381 | -39.8% |
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 17 October 2026 via checked.be.