NWKTRANS: 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.
NWKTRANS
Largest movements
- Tangible fixed assets +€106,565
up €106,565 (+69.6%), from €153,032 to €259,598
of which Leasing and similar rights: +€156,969
- Receivables within one year -€8,284
down €8,284 (-15.8%), from €52,550 to €44,266
of which Trade receivables: -€8,364
- Deferred charges and accrued income -€5,039
down €5,039 (-26.6%), from €18,930 to €13,891
- Debts after one year +€100,600
up €100,600 (+131%), from €76,504 to €177,104
of which Financial debts: +€100,600
- Reserves +€15,000
up €15,000 (+1,500%), from €1,000 to €16,000
- Trade debts -€13,389
down €13,389 (-43.7%), from €30,650 to €17,261
- Other debts -€5,848
down €5,848 (-9.3%), from €62,661 to €56,813
- Current portion of long-term debt +€4,813
up €4,813 (+15.9%), from €30,225 to €35,038
- Gross operating margin +€21,839
up €21,839 (+17.9%), from €122,322 to €144,161
- Depreciation +€9,914
up €9,914 (+22.6%), from €43,912 to €53,826
- Other operating charges -€5,054
down €5,054 (-59.2%), from €8,531 to €3,477
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 | €235,519 | €327,751 | +€92,232 | +39.2% |
| Fixed assets | 21/28 | €153,167 | €259,733 | +€106,565 | +69.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €153,032 | €259,598 | +€106,565 | +69.6% |
| Plant, machinery and equipment | 23 | €8,519 | €5,392 | -€3,127 | -36.7% |
| Furniture and vehicles | 24 | €127,207 | €70,871 | -€56,336 | -44.3% |
| Leasing and similar rights | 25 | - | €156,969 | +€156,969 | |
| Other tangible fixed assets | 26 | €17,306 | €26,366 | +€9,059 | +52.3% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €82,352 | €68,018 | -€14,334 | -17.4% |
| Amounts receivable within one year | 40/41 | €52,550 | €44,266 | -€8,284 | -15.8% |
| Trade receivables | 40 | €50,580 | €42,216 | -€8,364 | -16.5% |
| Other amounts receivable | 41 | €1,970 | €2,050 | +€80 | +4.1% |
| Cash at bank and in hand | 54/58 | €10,872 | €9,861 | -€1,011 | -9.3% |
| Deferred charges and accrued income | 490/1 | €18,930 | €13,891 | -€5,039 | -26.6% |
| Total equity and liabilities | 10/49 | €235,519 | €327,751 | +€92,232 | +39.2% |
| Equity | 10/15 | €7,859 | €22,197 | +€14,338 | +182% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,000 | €16,000 | +€15,000 | +1,500% |
| Distributable reserves | 133 | €1,000 | €16,000 | +€15,000 | +1,500% |
| Profit (loss) carried forward | 14 | €3,859 | €3,197 | -€662 | -17.2% |
| Amounts payable | 17/49 | €227,660 | €305,554 | +€77,894 | +34.2% |
| Amounts payable after more than one year | 17 | €76,504 | €177,104 | +€100,600 | +131% |
| Financial debts | 170/4 | €36,504 | €137,104 | +€100,600 | +276% |
| Other amounts payable | 178/9 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €151,156 | €128,450 | -€22,706 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €30,225 | €35,038 | +€4,813 | +15.9% |
| Financial debts | 43 | €6,389 | €1,667 | -€4,722 | -73.9% |
| Other loans | 439 | €6,389 | €1,667 | -€4,722 | -73.9% |
| Trade debts | 44 | €30,650 | €17,261 | -€13,389 | -43.7% |
| Suppliers | 440/4 | €30,650 | €17,261 | -€13,389 | -43.7% |
| Taxes, remuneration and social security | 45 | €21,231 | €17,671 | -€3,560 | -16.8% |
| Taxes | 450/3 | €14,850 | €10,233 | -€4,617 | -31.1% |
| Remuneration and social security | 454/9 | €6,381 | €7,438 | +€1,057 | +16.6% |
| Other amounts payable | 47/48 | €62,661 | €56,813 | -€5,848 | -9.3% |
| Remuneration, social security and pensions | 62 | €61,003 | €60,655 | -€348 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,912 | €53,826 | +€9,914 | +22.6% |
| Other operating charges | 640/8 | €8,531 | €3,477 | -€5,054 | -59.2% |
| Non-recurring operating charges | 66A | - | €6,152 | +€6,152 | |
| Gross operating margin | 9900 | €122,322 | €144,161 | +€21,839 | +17.9% |
| Operating profit (loss) | 9901 | €8,877 | €20,052 | +€11,175 | +126% |
| Financial income | 75/76B | €0 | €5 | +€5 | +24,850% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +24,850% |
| Financial charges | 65/66B | €4,893 | €5,719 | +€826 | +16.9% |
| Recurring financial charges | 65 | €4,893 | €5,719 | +€826 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €3,984 | €14,338 | +€10,354 | +260% |
| Income taxes | 67/77 | €284 | €0 | -€284 | -100% |
| Profit (loss) for the period | 9904 | €3,699 | €14,338 | +€10,639 | +288% |
| Profit (loss) for the period to be appropriated | 9905 | €3,699 | €14,338 | +€10,639 | +288% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.