NUWANDA: 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.
NUWANDA
Largest movements
- Cash +€38,069
up €38,069 (+938.2%), from €4,058 to €42,127
mainly Net result for the year (+€37,962) and Depreciation (+€35,559)
- Receivables within one year -€31,417
down €31,417 (-57.0%), from €55,109 to €23,692
of which Other amounts receivable: -€32,182
- Tangible fixed assets +€28,150
up €28,150 (+9.4%), from €299,317 to €327,467
of which Plant, machinery and equipment: +€15,710
- Stocks and contracts -€4,309
down €4,309 (-17.2%), from €25,000 to €20,692
- Reserves +€37,962
up €37,962 (+20.4%), from €186,111 to €224,073
- Trade debts -€35,216
down €35,216 (-58.2%), from €60,521 to €25,306
- Other debts +€16,661
up €16,661, from €0 to €16,661
- Tax, wage and social debts +€15,645
up €15,645 (+137.4%), from €11,390 to €27,034
of which Taxes: +€10,476
- Debts after one year -€8,508
down €8,508 (-7.8%), from €109,719 to €101,212
- Gross operating margin +€71,064
up €71,064 (+94.9%), from €74,912 to €145,976
- Staff costs +€17,074
up €17,074 (+53.3%), from €32,007 to €49,080
- Taxes +€13,114
up €13,114 (+296.4%), from €4,424 to €17,538
- Depreciation +€8,302
up €8,302 (+30.5%), from €27,258 to €35,559
- Financial charges -€1,765
down €1,765 (-27.0%), from €6,536 to €4,771
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 | €387,382 | €416,239 | +€28,857 | +7.4% |
| Fixed assets | 21/28 | €299,317 | €327,467 | +€28,150 | +9.4% |
| Tangible fixed assets | 22/27 | €299,317 | €327,467 | +€28,150 | +9.4% |
| Plant, machinery and equipment | 23 | €25,802 | €41,512 | +€15,710 | +60.9% |
| Furniture and vehicles | 24 | €38,330 | €35,736 | -€2,595 | -6.8% |
| Other tangible fixed assets | 26 | €235,184 | €250,219 | +€15,035 | +6.4% |
| Current assets | 29/58 | €88,065 | €88,772 | +€706 | +0.8% |
| Stocks and contracts in progress | 3 | €25,000 | €20,692 | -€4,309 | -17.2% |
| Contracts in progress | 37 | €25,000 | €20,692 | -€4,309 | -17.2% |
| Amounts receivable within one year | 40/41 | €55,109 | €23,692 | -€31,417 | -57.0% |
| Trade receivables | 40 | €21,677 | €22,442 | +€765 | +3.5% |
| Other amounts receivable | 41 | €33,432 | €1,250 | -€32,182 | -96.3% |
| Cash at bank and in hand | 54/58 | €4,058 | €42,127 | +€38,069 | +938.2% |
| Deferred charges and accrued income | 490/1 | €3,898 | €2,261 | -€1,637 | -42.0% |
| Total equity and liabilities | 10/49 | €387,382 | €416,239 | +€28,857 | +7.4% |
| Equity | 10/15 | €187,111 | €225,073 | +€37,962 | +20.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €186,111 | €224,073 | +€37,962 | +20.4% |
| Distributable reserves | 133 | €186,111 | €224,073 | +€37,962 | +20.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €200,271 | €191,166 | -€9,106 | -4.5% |
| Amounts payable after more than one year | 17 | €109,719 | €101,212 | -€8,508 | -7.8% |
| Financial debts | 170/4 | €109,719 | €101,212 | -€8,508 | -7.8% |
| Amounts payable within one year | 42/48 | €80,251 | €77,509 | -€2,742 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €8,340 | €8,508 | +€167 | +2.0% |
| Trade debts | 44 | €60,521 | €25,306 | -€35,216 | -58.2% |
| Suppliers | 440/4 | €60,521 | €25,306 | -€35,216 | -58.2% |
| Taxes, remuneration and social security | 45 | €11,390 | €27,034 | +€15,645 | +137.4% |
| Taxes | 450/3 | €6,359 | €16,835 | +€10,476 | +164.8% |
| Remuneration and social security | 454/9 | €5,031 | €10,199 | +€5,168 | +102.7% |
| Other amounts payable | 47/48 | €0 | €16,661 | +€16,661 | |
| Accrued charges and deferred income | 492/3 | €10,301 | €12,445 | +€2,144 | +20.8% |
| Remuneration, social security and pensions | 62 | €32,007 | €49,080 | +€17,074 | +53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,258 | €35,559 | +€8,302 | +30.5% |
| Other operating charges | 640/8 | €3,157 | €1,531 | -€1,627 | -51.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €74,912 | €145,976 | +€71,064 | +94.9% |
| Operating profit (loss) | 9901 | €12,491 | €59,806 | +€47,315 | +378.8% |
| Financial income | 75/76B | €902 | €466 | -€436 | -48.4% |
| Recurring financial income | 75 | €902 | €466 | -€436 | -48.4% |
| Financial charges | 65/66B | €6,536 | €4,771 | -€1,765 | -27.0% |
| Recurring financial charges | 65 | €6,536 | €4,771 | -€1,765 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €6,857 | €55,501 | +€48,644 | +709.4% |
| Income taxes | 67/77 | €4,424 | €17,538 | +€13,114 | +296.4% |
| Profit (loss) for the period | 9904 | €2,433 | €37,962 | +€35,529 | +1460.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,433 | €37,962 | +€35,529 | +1460.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.