NUWA: 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.
NUWA
Largest movements
- Cash +€700,209
up €700,209 (+23966.3%), from €2,922 to €703,130
mainly Other debts (+€6.0m) and Net result for the year (+€1.1m)
- Financial fixed assets -€298,506
down €298,506 (-20.6%), from €1.4m to €1.1m
- Receivables within one year -€295,546
down €295,546 (-12.5%), from €2.4m to €2.1m
of which Other amounts receivable: -€160,487
- Current investments +€222,300
up €222,300 (+8.1%), from €2.8m to €3.0m
- Other debts +€6.0m
up €6.0m (+610612.4%), from €984 to €6.0m
- Profit (loss) carried forward -€4.9m
down €4.9m (-97.5%), from €5.0m to €124,594
- Debts after one year -€559,535
down €559,535 (-73.9%), from €757,035 to €197,500
- Short-term financial debts -€152,801
no longer reported in 2025 (was €152,801)
- Trade debts -€129,285
down €129,285 (-19.7%), from €656,460 to €527,175
- Financial charges +€1.9m
up €1.9m (+584.9%), from €331,033 to €2.3m
of which Non-recurring financial charges: +€1.8m
- Gross operating margin +€1.2m
up €1.2m (+40.5%), from €3.0m to €4.2m
- Taxes +€236,041
up €236,041 (+30.6%), from €770,305 to €1.0m
- Financial income -€97,536
down €97,536 (-34.7%), from €281,453 to €183,918
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 | €7,001,469 | €7,319,669 | +€318,200 | +4.5% |
| Fixed assets | 21/28 | €1,820,841 | €1,519,886 | -€300,955 | -16.5% |
| Intangible fixed assets | 21 | - | €22,505 | +€22,505 | |
| Tangible fixed assets | 22/27 | €373,419 | €348,465 | -€24,954 | -6.7% |
| Land and buildings | 22 | €280,399 | €271,958 | -€8,442 | -3.0% |
| Plant, machinery and equipment | 23 | €15,622 | €12,883 | -€2,739 | -17.5% |
| Furniture and vehicles | 24 | €50,893 | €37,120 | -€13,773 | -27.1% |
| Other tangible fixed assets | 26 | €26,505 | €26,505 | = | 0.0% |
| Financial fixed assets | 28 | €1,447,422 | €1,148,916 | -€298,506 | -20.6% |
| Current assets | 29/58 | €5,180,627 | €5,799,782 | +€619,155 | +12.0% |
| Stocks and contracts in progress | 3 | €51,337 | €41,458 | -€9,879 | -19.2% |
| Stocks | 30/36 | €51,337 | €41,458 | -€9,879 | -19.2% |
| Amounts receivable within one year | 40/41 | €2,371,220 | €2,075,675 | -€295,546 | -12.5% |
| Trade receivables | 40 | €2,026,531 | €1,891,472 | -€135,059 | -6.7% |
| Other amounts receivable | 41 | €344,690 | €184,202 | -€160,487 | -46.6% |
| Current investments | 50/53 | €2,750,145 | €2,972,445 | +€222,300 | +8.1% |
| Cash at bank and in hand | 54/58 | €2,922 | €703,130 | +€700,209 | +23966.3% |
| Deferred charges and accrued income | 490/1 | €5,003 | €7,074 | +€2,072 | +41.4% |
| Total equity and liabilities | 10/49 | €7,001,469 | €7,319,669 | +€318,200 | +4.5% |
| Equity | 10/15 | €5,046,719 | €144,999 | -€4.9m | -97.1% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,026,314 | €124,594 | -€4.9m | -97.5% |
| Amounts payable | 17/49 | €1,954,750 | €7,174,670 | +€5.2m | +267.0% |
| Amounts payable after more than one year | 17 | €757,035 | €197,500 | -€559,535 | -73.9% |
| Financial debts | 170/4 | €757,035 | €197,500 | -€559,535 | -73.9% |
| Amounts payable within one year | 42/48 | €1,194,020 | €6,977,170 | +€5.8m | +484.3% |
| Current portion of amounts payable after more than one year | 42 | €383,241 | €384,056 | +€815 | +0.2% |
| Financial debts | 43 | €152,801 | - | -€152,801 | |
| Credit institutions | 430/8 | €152,801 | - | -€152,801 | |
| Trade debts | 44 | €656,460 | €527,175 | -€129,285 | -19.7% |
| Suppliers | 440/4 | €656,460 | €527,175 | -€129,285 | -19.7% |
| Taxes, remuneration and social security | 45 | €534 | €58,421 | +€57,887 | +10830.7% |
| Taxes | 450/3 | €534 | €58,421 | +€57,887 | +10830.7% |
| Other amounts payable | 47/48 | €984 | €6,007,517 | +€6.0m | +610612.4% |
| Accrued charges and deferred income | 492/3 | €3,694 | - | -€3,694 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,030 | €30,339 | +€3,308 | +12.2% |
| Other operating charges | 640/8 | €2,123 | €2,357 | +€234 | +11.0% |
| Non-recurring operating charges | 66A | €2 | - | -€2 | |
| Gross operating margin | 9900 | €3,003,117 | €4,220,744 | +€1.2m | +40.5% |
| Operating profit (loss) | 9901 | €2,973,962 | €4,188,049 | +€1.2m | +40.8% |
| Financial income | 75/76B | €281,453 | €183,918 | -€97,536 | -34.7% |
| Recurring financial income | 75 | €281,453 | €183,918 | -€97,536 | -34.7% |
| Financial charges | 65/66B | €331,033 | €2,267,341 | +€1.9m | +584.9% |
| Recurring financial charges | 65 | €331,033 | €428,535 | +€97,502 | +29.5% |
| Non-recurring financial charges | 66B | - | €1,838,806 | +€1.8m | |
| Profit (loss) for the period before taxes | 9903 | €2,924,382 | €2,104,625 | -€819,757 | -28.0% |
| Income taxes | 67/77 | €770,305 | €1,006,345 | +€236,041 | +30.6% |
| Profit (loss) for the period | 9904 | €2,154,078 | €1,098,280 | -€1.1m | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,154,078 | €1,098,280 | -€1.1m | -49.0% |
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 9 October 2026 via checked.be.