Nawra: 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.
Nawra
Largest movements
- Receivables within one year +€129,270
up €129,270 (+142.8%), from €90,546 to €219,817
- Cash -€7,851
down €7,851 (-63.6%), from €12,343 to €4,492
mainly Receivables within one year (-€129,270) and Investment in fixed assets (net) (-€6,980)
- Tangible fixed assets +€5,333
up €5,333 (+357.4%), from €1,492 to €6,825
- Reserves +€73,807
up €73,807 (+159.4%), from €46,317 to €120,124
- Trade debts +€32,466
up €32,466 (+107.7%), from €30,153 to €62,619
- Tax, wage and social debts +€20,719
up €20,719 (+63.5%), from €32,615 to €53,334
of which Taxes: +€19,984
- Gross operating margin +€45,485
up €45,485 (+43.8%), from €103,880 to €149,364
- Staff costs +€13,999
up €13,999 (+30.4%), from €45,989 to €59,988
- Financial income +€7,019
up €7,019 (+291.3%), from €2,409 to €9,428
- Taxes +€6,867
up €6,867 (+57.7%), from €11,904 to €18,772
- Financial charges +€2,314
up €2,314 (+544.7%), from €425 to €2,739
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €110,085 | €237,078 | +€126,992 | +115.4% |
| Fixed assets | 21/28 | €2,616 | €7,949 | +€5,333 | +203.8% |
| Tangible fixed assets | 22/27 | €1,492 | €6,825 | +€5,333 | +357.4% |
| Plant, machinery and equipment | 23 | €1,492 | €6,825 | +€5,333 | +357.4% |
| Financial fixed assets | 28 | €1,124 | €1,124 | = | 0.0% |
| Current assets | 29/58 | €107,469 | €229,129 | +€121,660 | +113.2% |
| Stocks and contracts in progress | 3 | €4,579 | €4,820 | +€241 | +5.3% |
| Stocks | 30/36 | €4,579 | €4,820 | +€241 | +5.3% |
| Amounts receivable within one year | 40/41 | €90,546 | €219,817 | +€129,270 | +142.8% |
| Other amounts receivable | 41 | €90,546 | €219,817 | +€129,270 | +142.8% |
| Cash at bank and in hand | 54/58 | €12,343 | €4,492 | -€7,851 | -63.6% |
| Total equity and liabilities | 10/49 | €110,085 | €237,078 | +€126,992 | +115.4% |
| Equity | 10/15 | €47,317 | €121,124 | +€73,807 | +156.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €46,317 | €120,124 | +€73,807 | +159.4% |
| Distributable reserves | 133 | €46,317 | €120,124 | +€73,807 | +159.4% |
| Amounts payable | 17/49 | €62,768 | €115,954 | +€53,185 | +84.7% |
| Amounts payable within one year | 42/48 | €62,768 | €115,954 | +€53,185 | +84.7% |
| Trade debts | 44 | €30,153 | €62,619 | +€32,466 | +107.7% |
| Suppliers | 440/4 | €30,153 | €62,619 | +€32,466 | +107.7% |
| Taxes, remuneration and social security | 45 | €32,615 | €53,334 | +€20,719 | +63.5% |
| Taxes | 450/3 | €25,608 | €45,592 | +€19,984 | +78.0% |
| Remuneration and social security | 454/9 | €7,008 | €7,743 | +€735 | +10.5% |
| Remuneration, social security and pensions | 62 | €45,989 | €59,988 | +€13,999 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208 | €1,647 | +€1,440 | +693.0% |
| Other operating charges | 640/8 | €1,445 | €1,839 | +€393 | +27.2% |
| Gross operating margin | 9900 | €103,880 | €149,364 | +€45,485 | +43.8% |
| Operating profit (loss) | 9901 | €56,237 | €85,890 | +€29,653 | +52.7% |
| Financial income | 75/76B | €2,409 | €9,428 | +€7,019 | +291.3% |
| Recurring financial income | 75 | €2,409 | €9,428 | +€7,019 | +291.3% |
| Financial charges | 65/66B | €425 | €2,739 | +€2,314 | +544.7% |
| Recurring financial charges | 65 | €425 | €2,739 | +€2,314 | +544.7% |
| Profit (loss) for the period before taxes | 9903 | €58,221 | €92,579 | +€34,357 | +59.0% |
| Income taxes | 67/77 | €11,904 | €18,772 | +€6,867 | +57.7% |
| Profit (loss) for the period | 9904 | €46,317 | €73,807 | +€27,490 | +59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,317 | €73,807 | +€27,490 | +59.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.