NW CONCEPT: 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.
NW CONCEPT
Largest movements
- Receivables within one year +€20,340
up €20,340 (+545%), from €3,735 to €24,075
of which Trade receivables: +€17,507
- Cash -€8,398
down €8,398 (-10.4%), from €80,755 to €72,358
mainly Receivables within one year (-€20,340) and Investment in fixed assets (net) (-€8,257)
- Tangible fixed assets +€4,449
up €4,449 (+49.9%), from €8,922 to €13,371
of which Furniture and vehicles: +€4,354
- Trade debts +€21,491
up €21,491 (+1,536%), from €1,399 to €22,890
- Other debts -€5,232
down €5,232 (-25.8%), from €20,303 to €15,071
- Profit (loss) carried forward +€1,528
up €1,528 (+2.9%), from €53,125 to €54,653
- Tax, wage and social debts -€1,395
down €1,395 (-7.9%), from €17,586 to €16,191
- Gross operating margin -€59,354
down €59,354 (-89.3%), from €66,500 to €7,146
- Taxes -€11,982
down €11,982 (-91.4%), from €13,113 to €1,131
- Depreciation +€3,552
up €3,552 (+1,387%), from €256 to €3,808
- Financial charges +€686
up €686 (+11,767%), from €6 to €692
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 | €93,412 | €109,804 | +€16,392 | +17.5% |
| Fixed assets | 21/28 | €8,922 | €13,371 | +€4,449 | +49.9% |
| Tangible fixed assets | 22/27 | €8,922 | €13,371 | +€4,449 | +49.9% |
| Plant, machinery and equipment | 23 | €7,063 | €7,158 | +€95 | +1.3% |
| Furniture and vehicles | 24 | €1,859 | €6,213 | +€4,354 | +234% |
| Current assets | 29/58 | €84,490 | €96,433 | +€11,942 | +14.1% |
| Amounts receivable within one year | 40/41 | €3,735 | €24,075 | +€20,340 | +545% |
| Trade receivables | 40 | €3,735 | €21,242 | +€17,507 | +469% |
| Other amounts receivable | 41 | - | €2,833 | +€2,833 | |
| Cash at bank and in hand | 54/58 | €80,755 | €72,358 | -€8,398 | -10.4% |
| Total equity and liabilities | 10/49 | €93,412 | €109,804 | +€16,392 | +17.5% |
| Equity | 10/15 | €54,125 | €55,653 | +€1,528 | +2.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,125 | €54,653 | +€1,528 | +2.9% |
| Amounts payable | 17/49 | €39,288 | €54,151 | +€14,864 | +37.8% |
| Amounts payable within one year | 42/48 | €39,288 | €54,151 | +€14,864 | +37.8% |
| Trade debts | 44 | €1,399 | €22,890 | +€21,491 | +1,536% |
| Suppliers | 440/4 | €1,399 | €22,890 | +€21,491 | +1,536% |
| Taxes, remuneration and social security | 45 | €17,586 | €16,191 | -€1,395 | -7.9% |
| Taxes | 450/3 | €17,586 | €16,191 | -€1,395 | -7.9% |
| Other amounts payable | 47/48 | €20,303 | €15,071 | -€5,232 | -25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €256 | €3,808 | +€3,552 | +1,387% |
| Gross operating margin | 9900 | €66,500 | €7,146 | -€59,354 | -89.3% |
| Operating profit (loss) | 9901 | €66,244 | €3,338 | -€62,906 | -95.0% |
| Financial income | 75/76B | €0 | €13 | +€13 | +129,400% |
| Recurring financial income | 75 | €0 | €13 | +€13 | +129,400% |
| Financial charges | 65/66B | €6 | €692 | +€686 | +11,767% |
| Recurring financial charges | 65 | €6 | €692 | +€686 | +11,767% |
| Profit (loss) for the period before taxes | 9903 | €66,238 | €2,659 | -€63,579 | -96.0% |
| Income taxes | 67/77 | €13,113 | €1,131 | -€11,982 | -91.4% |
| Profit (loss) for the period | 9904 | €53,125 | €1,528 | -€51,597 | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €53,125 | €1,528 | -€51,597 | -97.1% |
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 16 October 2026 via checked.be.