NTW: 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.
NTW
Largest movements
- Receivables within one year +€918
new in 2025: €918
- Cash -€541
down €541 (-62.3%), from €868 to €327
mainly Net result for the year (-€5,104) and Receivables within one year (-€918)
- Other debts +€5,305
up €5,305 (+36.6%), from €14,495 to €19,800
- Profit (loss) carried forward -€5,104
down €5,104 (-16.7%), from -€30,628 to -€35,731
- Tax, wage and social debts +€176
new in 2025: €176
- Gross operating margin +€7,566
up €7,566 (+64.2%), from -€11,778 to -€4,212
- Other operating charges +€435
up €435 (+309.7%), from €141 to €576
- Taxes +€201
up €201, from -€25 to €176
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 | €868 | €1,245 | +€377 | +43.5% |
| Current assets | 29/58 | €868 | €1,245 | +€377 | +43.5% |
| Amounts receivable within one year | 40/41 | - | €918 | +€918 | |
| Trade receivables | 40 | - | €918 | +€918 | |
| Cash at bank and in hand | 54/58 | €868 | €327 | -€541 | -62.3% |
| Total equity and liabilities | 10/49 | €868 | €1,245 | +€377 | +43.5% |
| Equity | 10/15 | -€28,628 | -€33,731 | -€5,104 | -17.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,628 | -€35,731 | -€5,104 | -16.7% |
| Amounts payable | 17/49 | €29,495 | €34,977 | +€5,481 | +18.6% |
| Amounts payable within one year | 42/48 | €29,495 | €34,977 | +€5,481 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €15,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €176 | +€176 | |
| Taxes | 450/3 | - | €176 | +€176 | |
| Other amounts payable | 47/48 | €14,495 | €19,800 | +€5,305 | +36.6% |
| Other operating charges | 640/8 | €141 | €576 | +€435 | +309.7% |
| Gross operating margin | 9900 | -€11,778 | -€4,212 | +€7,566 | +64.2% |
| Operating profit (loss) | 9901 | -€11,919 | -€4,788 | +€7,131 | +59.8% |
| Financial charges | 65/66B | €140 | €140 | = | 0.0% |
| Recurring financial charges | 65 | €140 | €140 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,059 | -€4,928 | +€7,131 | +59.1% |
| Income taxes | 67/77 | -€25 | €176 | +€201 | |
| Profit (loss) for the period | 9904 | -€12,034 | -€5,104 | +€6,930 | +57.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,034 | -€5,104 | +€6,930 | +57.6% |
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 30 September 2026 via checked.be.