NUWHÏ: 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.
NUWHÏ
Largest movements
- Receivables within one year +€102,034
up €102,034 (+62.9%), from €162,196 to €264,230
of which Trade receivables: +€100,702
- Cash +€55,913
up €55,913 (+159.2%), from €35,129 to €91,042
mainly Trade debts (+€87,086) and Net result for the year (+€68,707)
- Current investments -€50,000
down €50,000 (-18.8%), from €265,423 to €215,423
- Trade debts +€87,086
up €87,086 (+497.3%), from €17,512 to €104,598
- Advances received +€68,130
up €68,130 (+9055.6%), from €752 to €68,882
- Reserves -€65,791
down €65,791 (-20.2%), from €324,979 to €259,188
- Other debts +€30,885
up €30,885 (+35.8%), from €86,287 to €117,172
- Debts after one year -€30,207
down €30,207 (-24.1%), from €125,191 to €94,985
- Gross operating margin -€72,166
down €72,166 (-36.0%), from €200,242 to €128,076
- Taxes -€24,759
down €24,759 (-54.6%), from €45,369 to €20,610
- Financial income -€22,305
down €22,305 (-94.5%), from €23,601 to €1,296
of which Financial income: -€21,617
- Depreciation +€4,225
up €4,225 (+13.0%), from €32,589 to €36,814
- Financial charges -€2,043
down €2,043 (-49.5%), from €4,128 to €2,085
of which Non-recurring financial charges: -€1,607
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 | €636,296 | €737,468 | +€101,172 | +15.9% |
| Fixed assets | 21/28 | €173,548 | €166,536 | -€7,012 | -4.0% |
| Tangible fixed assets | 22/27 | €173,548 | €166,536 | -€7,012 | -4.0% |
| Land and buildings | 22 | €105,160 | €117,217 | +€12,057 | +11.5% |
| Plant, machinery and equipment | 23 | €7,805 | €5,546 | -€2,259 | -28.9% |
| Furniture and vehicles | 24 | €60,583 | €43,772 | -€16,810 | -27.7% |
| Current assets | 29/58 | €462,748 | €570,932 | +€108,184 | +23.4% |
| Amounts receivable within one year | 40/41 | €162,196 | €264,230 | +€102,034 | +62.9% |
| Trade receivables | 40 | €133,116 | €233,818 | +€100,702 | +75.6% |
| Other amounts receivable | 41 | €29,080 | €30,412 | +€1,332 | +4.6% |
| Current investments | 50/53 | €265,423 | €215,423 | -€50,000 | -18.8% |
| Cash at bank and in hand | 54/58 | €35,129 | €91,042 | +€55,913 | +159.2% |
| Deferred charges and accrued income | 490/1 | - | €237 | +€237 | |
| Total equity and liabilities | 10/49 | €636,296 | €737,468 | +€101,172 | +15.9% |
| Equity | 10/15 | €343,579 | €277,788 | -€65,791 | -19.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €324,979 | €259,188 | -€65,791 | -20.2% |
| Distributable reserves | 133 | €324,979 | €259,188 | -€65,791 | -20.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €292,717 | €459,680 | +€166,963 | +57.0% |
| Amounts payable after more than one year | 17 | €125,191 | €94,985 | -€30,207 | -24.1% |
| Financial debts | 170/4 | €125,191 | €94,985 | -€30,207 | -24.1% |
| Amounts payable within one year | 42/48 | €167,526 | €363,286 | +€195,760 | +116.9% |
| Current portion of amounts payable after more than one year | 42 | €29,883 | €30,207 | +€324 | +1.1% |
| Trade debts | 44 | €17,512 | €104,598 | +€87,086 | +497.3% |
| Suppliers | 440/4 | €17,512 | €104,598 | +€87,086 | +497.3% |
| Advances received on contracts in progress | 46 | €752 | €68,882 | +€68,130 | +9055.6% |
| Taxes, remuneration and social security | 45 | €33,091 | €42,427 | +€9,336 | +28.2% |
| Taxes | 450/3 | €33,091 | €42,427 | +€9,336 | +28.2% |
| Other amounts payable | 47/48 | €86,287 | €117,172 | +€30,885 | +35.8% |
| Accrued charges and deferred income | 492/3 | - | €1,410 | +€1,410 | |
| Non-recurring operating income | 76A | - | €376 | +€376 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,589 | €36,814 | +€4,225 | +13.0% |
| Other operating charges | 640/8 | €367 | €1,289 | +€921 | +250.7% |
| Non-recurring operating charges | 66A | - | -€133 | -€133 | |
| Gross operating margin | 9900 | €200,242 | €128,076 | -€72,166 | -36.0% |
| Operating profit (loss) | 9901 | €167,286 | €90,106 | -€77,179 | -46.1% |
| Financial income | 75/76B | €23,601 | €1,296 | -€22,305 | -94.5% |
| Recurring financial income | 75 | €22,912 | €1,296 | -€21,617 | -94.3% |
| Non-recurring financial income | 76B | €689 | €0 | -€689 | -100.0% |
| Financial charges | 65/66B | €4,128 | €2,085 | -€2,043 | -49.5% |
| Recurring financial charges | 65 | €2,521 | €2,085 | -€436 | -17.3% |
| Non-recurring financial charges | 66B | €1,607 | €0 | -€1,607 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €186,759 | €89,317 | -€97,442 | -52.2% |
| Income taxes | 67/77 | €45,369 | €20,610 | -€24,759 | -54.6% |
| Profit (loss) for the period | 9904 | €141,390 | €68,707 | -€72,683 | -51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €141,390 | €68,707 | -€72,683 | -51.4% |
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 7 October 2026 via checked.be.