NW TRADING & SERVICES: 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 TRADING & SERVICES
Largest movements
- Stocks and contracts +€50,000
up €50,000 (+93.5%), from €53,500 to €103,500
- Tangible fixed assets -€10,000
down €10,000 (-11.0%), from €90,847 to €80,847
- Cash -€2,973
down €2,973 (-46.6%), from €6,379 to €3,406
mainly Stocks and contracts (-€50,000) and Net result for the year (-€13,625)
- Debts after one year +€50,000
up €50,000 (+38.8%), from €129,000 to €179,000
- Profit (loss) carried forward -€13,625
new in 2025: -€13,625
- Tax, wage and social debts -€5,716
down €5,716 (-64.6%), from €8,851 to €3,136
of which Taxes: -€3,069
- Trade debts +€3,420
up €3,420 (+40.1%), from €8,535 to €11,955
- Other debts +€3,224
up €3,224 (+28.5%), from €11,326 to €14,551
- Gross operating margin -€16,741
down €16,741, from €13,420 to -€3,321
- Taxes -€1,189
no longer reported in 2025 (was €1,189)
- Depreciation +€847
up €847 (+9.3%), from €9,153 to €10,000
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 | €164,137 | €201,440 | +€37,304 | +22.7% |
| Fixed assets | 21/28 | €90,847 | €80,847 | -€10,000 | -11.0% |
| Tangible fixed assets | 22/27 | €90,847 | €80,847 | -€10,000 | -11.0% |
| Plant, machinery and equipment | 23 | €90,847 | €80,847 | -€10,000 | -11.0% |
| Current assets | 29/58 | €73,290 | €120,593 | +€47,304 | +64.5% |
| Stocks and contracts in progress | 3 | €53,500 | €103,500 | +€50,000 | +93.5% |
| Stocks | 30/36 | €53,500 | €103,500 | +€50,000 | +93.5% |
| Amounts receivable within one year | 40/41 | €13,411 | €13,621 | +€210 | +1.6% |
| Trade receivables | 40 | €12,100 | €12,321 | +€221 | +1.8% |
| Other amounts receivable | 41 | €1,311 | €1,300 | -€11 | -0.8% |
| Cash at bank and in hand | 54/58 | €6,379 | €3,406 | -€2,973 | -46.6% |
| Deferred charges and accrued income | 490/1 | - | €67 | +€67 | |
| Total equity and liabilities | 10/49 | €164,137 | €201,440 | +€37,304 | +22.7% |
| Equity | 10/15 | €6,424 | -€7,201 | -€13,625 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,424 | €1,424 | = | 0.0% |
| Distributable reserves | 133 | €1,424 | €1,424 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€13,625 | -€13,625 | |
| Amounts payable | 17/49 | €157,712 | €208,641 | +€50,929 | +32.3% |
| Amounts payable after more than one year | 17 | €129,000 | €179,000 | +€50,000 | +38.8% |
| Other amounts payable | 178/9 | €129,000 | €179,000 | +€50,000 | +38.8% |
| Amounts payable within one year | 42/48 | €28,712 | €29,641 | +€929 | +3.2% |
| Trade debts | 44 | €8,535 | €11,955 | +€3,420 | +40.1% |
| Suppliers | 440/4 | €8,535 | €11,955 | +€3,420 | +40.1% |
| Taxes, remuneration and social security | 45 | €8,851 | €3,136 | -€5,716 | -64.6% |
| Taxes | 450/3 | €6,204 | €3,136 | -€3,069 | -49.5% |
| Remuneration and social security | 454/9 | €2,647 | - | -€2,647 | |
| Other amounts payable | 47/48 | €11,326 | €14,551 | +€3,224 | +28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,153 | €10,000 | +€847 | +9.3% |
| Other operating charges | 640/8 | €249 | €255 | +€6 | +2.5% |
| Gross operating margin | 9900 | €13,420 | -€3,321 | -€16,741 | |
| Operating profit (loss) | 9901 | €4,019 | -€13,576 | -€17,594 | |
| Financial income | 75/76B | €0 | €6 | +€6 | +60,000% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +60,000% |
| Financial charges | 65/66B | €59 | €55 | -€3 | -5.3% |
| Recurring financial charges | 65 | €59 | €55 | -€3 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €3,960 | -€13,625 | -€17,585 | |
| Income taxes | 67/77 | €1,189 | - | -€1,189 | |
| Profit (loss) for the period | 9904 | €2,771 | -€13,625 | -€16,396 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,771 | -€13,625 | -€16,396 |
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 31 October 2026 via checked.be.