NUWE: 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.
NUWE
Largest movements
- Current investments +€6,082
up €6,082 (+40.4%), from €15,041 to €21,123
- Tangible fixed assets -€3,867
down €3,867 (-18.1%), from €21,403 to €17,536
of which Leasing and similar rights: -€4,341
- Deferred charges and accrued income +€973
new in 2025: €973
- Stocks and contracts +€899
up €899 (+10.3%), from €8,719 to €9,618
- Cash +€768
up €768 (+260%), from €295 to €1,063
mainly Net result for the year (+€12,809) and Depreciation (+€4,625)
- Reserves +€20,000
up €20,000 (+1,075%), from €1,860 to €21,860
of which Distributable reserves: +€20,000
- Profit (loss) carried forward -€7,191
down €7,191 (-25.9%), from €27,738 to €20,547
- Debts after one year -€4,204
down €4,204 (-34.2%), from €12,286 to €8,082
- Trade debts -€2,917
down €2,917 (-98.5%), from €2,962 to €45
- Staff costs -€11,373
down €11,373 (-98.7%), from €11,522 to €149
- Financial charges -€4,980
down €4,980 (-84.1%), from €5,919 to €939
of which Non-recurring financial charges: -€5,690
- Gross operating margin -€4,848
down €4,848 (-17.3%), from €28,043 to €23,195
- Depreciation +€3,630
up €3,630 (+365%), from €995 to €4,625
- Taxes +€374
up €374 (+13.6%), from €2,754 to €3,128
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 | €67,775 | €73,303 | +€5,528 | +8.2% |
| Fixed assets | 21/28 | €26,083 | €22,374 | -€3,709 | -14.2% |
| Intangible fixed assets | 21 | €4,680 | €4,680 | = | 0.0% |
| Tangible fixed assets | 22/27 | €21,403 | €17,536 | -€3,867 | -18.1% |
| Plant, machinery and equipment | 23 | - | €755 | +€755 | |
| Furniture and vehicles | 24 | €318 | €37 | -€281 | -88.4% |
| Leasing and similar rights | 25 | €21,085 | €16,744 | -€4,341 | -20.6% |
| Financial fixed assets | 28 | - | €158 | +€158 | |
| Current assets | 29/58 | €41,692 | €50,929 | +€9,237 | +22.2% |
| Stocks and contracts in progress | 3 | €8,719 | €9,618 | +€899 | +10.3% |
| Contracts in progress | 37 | €8,719 | €9,618 | +€899 | +10.3% |
| Amounts receivable within one year | 40/41 | €17,637 | €18,152 | +€515 | +2.9% |
| Trade receivables | 40 | €15,450 | €18,106 | +€2,656 | +17.2% |
| Other amounts receivable | 41 | €2,187 | €46 | -€2,141 | -97.9% |
| Current investments | 50/53 | €15,041 | €21,123 | +€6,082 | +40.4% |
| Cash at bank and in hand | 54/58 | €295 | €1,063 | +€768 | +260% |
| Deferred charges and accrued income | 490/1 | - | €973 | +€973 | |
| Total equity and liabilities | 10/49 | €67,775 | €73,303 | +€5,528 | +8.2% |
| Equity | 10/15 | €48,198 | €61,007 | +€12,809 | +26.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €21,860 | +€20,000 | +1,075% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €27,738 | €20,547 | -€7,191 | -25.9% |
| Amounts payable | 17/49 | €19,577 | €12,296 | -€7,281 | -37.2% |
| Amounts payable after more than one year | 17 | €12,286 | €8,082 | -€4,204 | -34.2% |
| Financial debts | 170/4 | €12,286 | €8,082 | -€4,204 | -34.2% |
| Amounts payable within one year | 42/48 | €7,291 | €4,214 | -€3,077 | -42.2% |
| Current portion of amounts payable after more than one year | 42 | €3,996 | €4,169 | +€173 | +4.3% |
| Trade debts | 44 | €2,962 | €45 | -€2,917 | -98.5% |
| Suppliers | 440/4 | €2,962 | €45 | -€2,917 | -98.5% |
| Other amounts payable | 47/48 | €333 | - | -€333 | |
| Remuneration, social security and pensions | 62 | €11,522 | €149 | -€11,373 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €995 | €4,625 | +€3,630 | +365% |
| Other operating charges | 640/8 | €1,395 | €1,659 | +€264 | +18.9% |
| Gross operating margin | 9900 | €28,043 | €23,195 | -€4,848 | -17.3% |
| Operating profit (loss) | 9901 | €14,131 | €16,762 | +€2,631 | +18.6% |
| Financial income | 75/76B | €38 | €114 | +€76 | +200% |
| Recurring financial income | 75 | €38 | €114 | +€76 | +200% |
| Financial charges | 65/66B | €5,919 | €939 | -€4,980 | -84.1% |
| Recurring financial charges | 65 | €229 | €939 | +€710 | +310% |
| Non-recurring financial charges | 66B | €5,690 | - | -€5,690 | |
| Profit (loss) for the period before taxes | 9903 | €8,250 | €15,937 | +€7,687 | +93.2% |
| Income taxes | 67/77 | €2,754 | €3,128 | +€374 | +13.6% |
| Profit (loss) for the period | 9904 | €5,496 | €12,809 | +€7,313 | +133% |
| Profit (loss) for the period to be appropriated | 9905 | €5,496 | €12,809 | +€7,313 | +133% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.