NW3d: 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.
NW3d
Largest movements
- Receivables within one year +€55,197
up €55,197 (+135%), from €40,980 to €96,177
- Tangible fixed assets -€20,851
down €20,851 (-4.8%), from €434,419 to €413,569
of which Land and buildings: -€18,400
- Stocks and contracts +€18,201
up €18,201 (+9.1%), from €201,050 to €219,251
- Current portion of long-term debt +€25,441
up €25,441 (+184%), from €13,848 to €39,289
- Debts after one year -€14,289
down €14,289 (-16.9%), from €84,430 to €70,141
- Other debts +€12,276
up €12,276 (+5.0%), from €246,796 to €259,072
- Trade debts +€12,199
up €12,199 (+7.1%), from €172,195 to €184,394
- Profit (loss) carried forward +€11,673
up €11,673 (+8.2%), from €141,676 to €153,348
- Other operating charges -€22,457
down €22,457 (-82.3%), from €27,296 to €4,839
- Gross operating margin +€15,364
up €15,364 (+34.9%), from €43,963 to €59,327
- Financial charges +€12,828
up €12,828 (+140%), from €9,136 to €21,964
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 | €679,952 | €731,511 | +€51,559 | +7.6% |
| Fixed assets | 21/28 | €434,419 | €413,569 | -€20,851 | -4.8% |
| Tangible fixed assets | 22/27 | €434,419 | €413,569 | -€20,851 | -4.8% |
| Land and buildings | 22 | €430,000 | €411,600 | -€18,400 | -4.3% |
| Plant, machinery and equipment | 23 | €772 | - | -€772 | |
| Furniture and vehicles | 24 | €3,647 | €1,969 | -€1,679 | -46.0% |
| Current assets | 29/58 | €245,533 | €317,942 | +€72,410 | +29.5% |
| Stocks and contracts in progress | 3 | €201,050 | €219,251 | +€18,201 | +9.1% |
| Stocks | 30/36 | €201,050 | €219,251 | +€18,201 | +9.1% |
| Amounts receivable within one year | 40/41 | €40,980 | €96,177 | +€55,197 | +135% |
| Trade receivables | 40 | €40,980 | €96,177 | +€55,197 | +135% |
| Cash at bank and in hand | 54/58 | €2,697 | €2,514 | -€183 | -6.8% |
| Deferred charges and accrued income | 490/1 | €805 | - | -€805 | |
| Total equity and liabilities | 10/49 | €679,952 | €731,511 | +€51,559 | +7.6% |
| Equity | 10/15 | €162,475 | €174,148 | +€11,673 | +7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,199 | €2,199 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,199 | €2,199 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,199 | €2,199 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,676 | €153,348 | +€11,673 | +8.2% |
| Amounts payable | 17/49 | €517,477 | €557,363 | +€39,886 | +7.7% |
| Amounts payable after more than one year | 17 | €84,430 | €70,141 | -€14,289 | -16.9% |
| Financial debts | 170/4 | €84,430 | €70,141 | -€14,289 | -16.9% |
| Amounts payable within one year | 42/48 | €433,047 | €487,222 | +€54,175 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €13,848 | €39,289 | +€25,441 | +184% |
| Financial debts | 43 | - | €4,012 | +€4,012 | |
| Credit institutions | 430/8 | - | €4,012 | +€4,012 | |
| Trade debts | 44 | €172,195 | €184,394 | +€12,199 | +7.1% |
| Suppliers | 440/4 | €172,195 | €184,394 | +€12,199 | +7.1% |
| Taxes, remuneration and social security | 45 | €209 | €456 | +€247 | +118% |
| Taxes | 450/3 | €209 | €456 | +€247 | +118% |
| Other amounts payable | 47/48 | €246,796 | €259,072 | +€12,276 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,434 | €20,851 | +€416 | +2.0% |
| Other operating charges | 640/8 | €27,296 | €4,839 | -€22,457 | -82.3% |
| Gross operating margin | 9900 | €43,963 | €59,327 | +€15,364 | +34.9% |
| Operating profit (loss) | 9901 | -€3,768 | €33,637 | +€37,405 | |
| Financial charges | 65/66B | €9,136 | €21,964 | +€12,828 | +140% |
| Recurring financial charges | 65 | €9,136 | €21,964 | +€12,828 | +140% |
| Profit (loss) for the period before taxes | 9903 | -€12,904 | €11,673 | +€24,577 | |
| Profit (loss) for the period | 9904 | -€12,904 | €11,673 | +€24,577 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,904 | €11,673 | +€24,577 |
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 13 October 2026 via checked.be.