AS NEXUS: 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.
AS NEXUS
Largest movements
- Tangible fixed assets +€22,406
up €22,406 (+819.1%), from €2,736 to €25,141
- Receivables within one year +€17,040
up €17,040 (+119.8%), from €14,228 to €31,268
of which Other amounts receivable: +€16,904
- Cash +€3,467
up €3,467 (+993.1%), from €349 to €3,816
mainly Debts after one year (+€20,889) and Net result for the year (+€18,623)
- Deferred charges and accrued income +€1,026
new in 2025: €1,026
- Formation expenses -€878
no longer reported in 2025 (was €878)
- Debts after one year +€20,889
new in 2025: €20,889
- Profit (loss) carried forward +€18,623
up €18,623 (+126.5%), from €14,722 to €33,346
- Current portion of long-term debt +€5,454
new in 2025: €5,454
- Trade debts -€1,636
down €1,636 (-99.0%), from €1,653 to €16
- Gross operating margin +€10,923
up €10,923 (+55.8%), from €19,592 to €30,515
- Depreciation +€4,381
up €4,381 (+774.4%), from €566 to €4,947
- Taxes +€1,470
up €1,470 (+36.7%), from €4,000 to €5,470
- Other operating charges +€886
up €886 (+228.7%), from €387 to €1,273
- Financial charges +€785
up €785 (+5355.1%), from €15 to €799
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.
Cash bridge derived
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 | €19,866 | €63,480 | +€43,613 | +219.5% |
| Formation expenses | 20 | €878 | - | -€878 | |
| Fixed assets | 21/28 | €2,736 | €25,141 | +€22,406 | +819.1% |
| Tangible fixed assets | 22/27 | €2,736 | €25,141 | +€22,406 | +819.1% |
| Furniture and vehicles | 24 | €2,736 | €25,141 | +€22,406 | +819.1% |
| Current assets | 29/58 | €16,253 | €38,339 | +€22,086 | +135.9% |
| Stocks and contracts in progress | 3 | €1,676 | €2,229 | +€553 | +33.0% |
| Stocks | 30/36 | €1,676 | €2,229 | +€553 | +33.0% |
| Amounts receivable within one year | 40/41 | €14,228 | €31,268 | +€17,040 | +119.8% |
| Trade receivables | 40 | €10,114 | €10,250 | +€136 | +1.3% |
| Other amounts receivable | 41 | €4,114 | €21,017 | +€16,904 | +410.9% |
| Cash at bank and in hand | 54/58 | €349 | €3,816 | +€3,467 | +993.1% |
| Deferred charges and accrued income | 490/1 | - | €1,026 | +€1,026 | |
| Total equity and liabilities | 10/49 | €19,866 | €63,480 | +€43,613 | +219.5% |
| Equity | 10/15 | €15,222 | €33,846 | +€18,623 | +122.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,722 | €33,346 | +€18,623 | +126.5% |
| Amounts payable | 17/49 | €4,644 | €29,634 | +€24,990 | +538.1% |
| Amounts payable after more than one year | 17 | - | €20,889 | +€20,889 | |
| Financial debts | 170/4 | - | €20,889 | +€20,889 | |
| Amounts payable within one year | 42/48 | €4,644 | €8,745 | +€4,101 | +88.3% |
| Current portion of amounts payable after more than one year | 42 | - | €5,454 | +€5,454 | |
| Trade debts | 44 | €1,653 | €16 | -€1,636 | -99.0% |
| Suppliers | 440/4 | €1,653 | €16 | -€1,636 | -99.0% |
| Taxes, remuneration and social security | 45 | €2,991 | €3,275 | +€283 | +9.5% |
| Taxes | 450/3 | €2,991 | €3,275 | +€283 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €566 | €4,947 | +€4,381 | +774.4% |
| Other operating charges | 640/8 | €387 | €1,273 | +€886 | +228.7% |
| Gross operating margin | 9900 | €19,592 | €30,515 | +€10,923 | +55.8% |
| Operating profit (loss) | 9901 | €18,639 | €24,296 | +€5,656 | +30.3% |
| Financial income | 75/76B | €98 | €597 | +€499 | +511.0% |
| Recurring financial income | 75 | €98 | €597 | +€499 | +511.0% |
| Financial charges | 65/66B | €15 | €799 | +€785 | +5355.1% |
| Recurring financial charges | 65 | €15 | €799 | +€785 | +5355.1% |
| Profit (loss) for the period before taxes | 9903 | €18,722 | €24,093 | +€5,371 | +28.7% |
| Income taxes | 67/77 | €4,000 | €5,470 | +€1,470 | +36.7% |
| Profit (loss) for the period | 9904 | €14,722 | €18,623 | +€3,901 | +26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,722 | €18,623 | +€3,901 | +26.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.