NUWI: 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.
NUWI
Largest movements
- Cash +€315,373
up €315,373 (+4238.9%), from €7,440 to €322,813
mainly Investment in fixed assets (net) (+€295,482) and Net result for the year (+€21,743)
- Tangible fixed assets -€303,644
down €303,644 (-77.2%), from €393,288 to €89,644
of which Land and buildings: -€302,346
- Profit (loss) carried forward +€21,743
up €21,743 (+32.6%), from -€66,705 to -€44,963
- Other debts -€10,014
down €10,014 (-7.5%), from €132,771 to €122,757
- Gross operating margin -€135,979
down €135,979 (-77.6%), from €175,125 to €39,146
- Depreciation -€40,253
down €40,253 (-83.1%), from €48,415 to €8,162
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 | €400,728 | €412,457 | +€11,728 | +2.9% |
| Fixed assets | 21/28 | €393,288 | €89,644 | -€303,644 | -77.2% |
| Tangible fixed assets | 22/27 | €393,288 | €89,644 | -€303,644 | -77.2% |
| Land and buildings | 22 | €391,990 | €89,644 | -€302,346 | -77.1% |
| Plant, machinery and equipment | 23 | €1,298 | €0 | -€1,298 | -100.0% |
| Current assets | 29/58 | €7,440 | €322,813 | +€315,373 | +4238.9% |
| Cash at bank and in hand | 54/58 | €7,440 | €322,813 | +€315,373 | +4238.9% |
| Total equity and liabilities | 10/49 | €400,728 | €412,457 | +€11,728 | +2.9% |
| Equity | 10/15 | €227,042 | €248,784 | +€21,743 | +9.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €193,747 | €193,747 | = | 0.0% |
| Tax-exempt reserves | 132 | €122,747 | €122,747 | = | 0.0% |
| Distributable reserves | 133 | €71,000 | €71,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,705 | -€44,963 | +€21,743 | +32.6% |
| Provisions and deferred taxes | 16 | €40,916 | €40,916 | = | 0.0% |
| Deferred taxes | 168 | €40,916 | €40,916 | = | 0.0% |
| Amounts payable | 17/49 | €132,771 | €122,757 | -€10,014 | -7.5% |
| Amounts payable within one year | 42/48 | €132,771 | €122,757 | -€10,014 | -7.5% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €132,771 | €122,757 | -€10,014 | -7.5% |
| Non-recurring operating income | 76A | €163,663 | €23,192 | -€140,470 | -85.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,415 | €8,162 | -€40,253 | -83.1% |
| Other operating charges | 640/8 | €3,667 | €4,211 | +€543 | +14.8% |
| Gross operating margin | 9900 | €175,125 | €39,146 | -€135,979 | -77.6% |
| Operating profit (loss) | 9901 | €123,043 | €26,773 | -€96,269 | -78.2% |
| Financial charges | 65/66B | €3,751 | €5,031 | +€1,280 | +34.1% |
| Recurring financial charges | 65 | €3,751 | €5,031 | +€1,280 | +34.1% |
| Profit (loss) for the period before taxes | 9903 | €119,292 | €21,743 | -€97,549 | -81.8% |
| Transfer to deferred taxes | 680 | €40,916 | €0 | -€40,916 | -100.0% |
| Profit (loss) for the period | 9904 | €78,376 | €21,743 | -€56,634 | -72.3% |
| Transfer to tax-exempt reserves | 689 | €122,747 | €0 | -€122,747 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,371 | €21,743 | +€66,113 |
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.