NSWi: 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.
NSWi
Largest movements
- Cash +€66,753
up €66,753 (+102.2%), from €65,325 to €132,079
mainly Net result for the year (+€61,321) and Other debts (+€18,185)
- Receivables after one year -€4,013
down €4,013 (-8.2%), from €49,078 to €45,065
- Profit (loss) carried forward +€31,909
up €31,909 (+51.9%), from €61,481 to €93,390
- Other debts +€18,185
new in 2025: €18,185
- Tax, wage and social debts +€14,127
up €14,127 (+181.7%), from €7,774 to €21,901
of which Taxes: +€14,127
- Gross operating margin +€70,618
up €70,618 (+1619.4%), from €4,361 to €74,979
- Depreciation -€16,831
down €16,831 (-87.6%), from €19,217 to €2,387
- Taxes +€9,919
up €9,919 (+15848.2%), from €63 to €9,982
- Purchases and services +€3,962
up €3,962 (+5.5%), from €72,461 to €76,423
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 | €124,588 | €188,258 | +€63,670 | +51.1% |
| Fixed assets | 21/28 | €4,211 | €3,546 | -€665 | -15.8% |
| Tangible fixed assets | 22/27 | €4,211 | €3,546 | -€665 | -15.8% |
| Furniture and vehicles | 24 | €4,211 | €3,546 | -€665 | -15.8% |
| Current assets | 29/58 | €120,377 | €184,712 | +€64,336 | +53.4% |
| Amounts receivable after more than one year | 29 | €49,078 | €45,065 | -€4,013 | -8.2% |
| Other amounts receivable | 291 | €49,078 | €45,065 | -€4,013 | -8.2% |
| Amounts receivable within one year | 40/41 | €2,973 | €4,569 | +€1,596 | +53.7% |
| Trade receivables | 40 | €2,973 | €4,495 | +€1,521 | +51.2% |
| Other amounts receivable | 41 | - | €74 | +€74 | |
| Current investments | 50/53 | €3,000 | €3,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €65,325 | €132,079 | +€66,753 | +102.2% |
| Total equity and liabilities | 10/49 | €124,588 | €188,258 | +€63,670 | +51.1% |
| Equity | 10/15 | €115,731 | €147,640 | +€31,909 | +27.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €49,250 | €49,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €250 | €250 | = | 0.0% |
| Distributable reserves | 133 | €49,000 | €49,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,481 | €93,390 | +€31,909 | +51.9% |
| Amounts payable | 17/49 | €8,857 | €40,618 | +€31,761 | +358.6% |
| Amounts payable within one year | 42/48 | €8,857 | €40,618 | +€31,761 | +358.6% |
| Trade debts | 44 | €1,084 | €532 | -€551 | -50.9% |
| Suppliers | 440/4 | €1,084 | €532 | -€551 | -50.9% |
| Taxes, remuneration and social security | 45 | €7,774 | €21,901 | +€14,127 | +181.7% |
| Taxes | 450/3 | €7,174 | €21,301 | +€14,127 | +196.9% |
| Remuneration and social security | 454/9 | €600 | €600 | = | 0.0% |
| Other amounts payable | 47/48 | - | €18,185 | +€18,185 | |
| Goods, raw materials, services and sundry goods | 60/61 | €72,461 | €76,423 | +€3,962 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,217 | €2,387 | -€16,831 | -87.6% |
| Other operating charges | 640/8 | €815 | €1,155 | +€340 | +41.7% |
| Gross operating margin | 9900 | €4,361 | €74,979 | +€70,618 | +1619.4% |
| Operating profit (loss) | 9901 | -€15,672 | €71,437 | +€87,109 | |
| Financial charges | 65/66B | €149 | €134 | -€14 | -9.7% |
| Recurring financial charges | 65 | €149 | €134 | -€14 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,821 | €71,303 | +€87,123 | |
| Income taxes | 67/77 | €63 | €9,982 | +€9,919 | +15848.2% |
| Profit (loss) for the period | 9904 | -€15,883 | €61,321 | +€77,204 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,883 | €61,321 | +€77,204 |
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 3 October 2026 via checked.be.