D-NEXST: 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.
D-NEXST
Largest movements
- Stocks and contracts -€90,970
down €90,970 (-100.0%), from €90,970 to €0
- Receivables within one year -€8,505
down €8,505 (-49.5%), from €17,179 to €8,674
of which Trade receivables: -€8,540
- Tangible fixed assets -€2,236
down €2,236 (-12.3%), from €18,194 to €15,958
of which Furniture and vehicles: -€1,977
- Cash -€1,912
down €1,912 (-48.3%), from €3,963 to €2,051
mainly Trade debts (-€90,195) and Other debts (-€45,650)
- Trade debts -€90,195
down €90,195 (-87.1%), from €103,565 to €13,370
- Profit (loss) carried forward +€59,021
up €59,021 (+31.7%), from -€186,181 to -€127,160
- Other debts -€45,650
down €45,650 (-100.0%), from €45,650 to €0
- Debts after one year -€29,690
down €29,690 (-38.8%), from €76,598 to €46,908
- Tax, wage and social debts +€2,611
up €2,611 (+264.3%), from €988 to €3,599
- Gross operating margin +€40,278
up €40,278 (+142.3%), from €28,307 to €68,584
- Financial charges -€10,394
down €10,394 (-81.8%), from €12,714 to €2,320
- Depreciation +€3,627
up €3,627 (+797.4%), from €455 to €4,082
- Other operating charges +€1,590
up €1,590 (+100.9%), from €1,576 to €3,166
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 | €130,796 | €26,893 | -€103,903 | -79.4% |
| Fixed assets | 21/28 | €18,194 | €15,958 | -€2,236 | -12.3% |
| Tangible fixed assets | 22/27 | €18,194 | €15,958 | -€2,236 | -12.3% |
| Plant, machinery and equipment | 23 | €2,336 | €2,076 | -€260 | -11.1% |
| Furniture and vehicles | 24 | €15,858 | €13,882 | -€1,977 | -12.5% |
| Current assets | 29/58 | €112,602 | €10,935 | -€101,667 | -90.3% |
| Stocks and contracts in progress | 3 | €90,970 | €0 | -€90,970 | -100.0% |
| Stocks | 30/36 | €90,970 | €0 | -€90,970 | -100.0% |
| Amounts receivable within one year | 40/41 | €17,179 | €8,674 | -€8,505 | -49.5% |
| Trade receivables | 40 | €17,179 | €8,639 | -€8,540 | -49.7% |
| Other amounts receivable | 41 | - | €35 | +€35 | |
| Cash at bank and in hand | 54/58 | €3,963 | €2,051 | -€1,912 | -48.3% |
| Deferred charges and accrued income | 490/1 | €490 | €210 | -€280 | -57.1% |
| Total equity and liabilities | 10/49 | €130,796 | €26,893 | -€103,903 | -79.4% |
| Equity | 10/15 | -€96,005 | -€36,984 | +€59,021 | +61.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,576 | €71,576 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €69,716 | €69,716 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€186,181 | -€127,160 | +€59,021 | +31.7% |
| Amounts payable | 17/49 | €226,801 | €63,877 | -€162,924 | -71.8% |
| Amounts payable after more than one year | 17 | €76,598 | €46,908 | -€29,690 | -38.8% |
| Financial debts | 170/4 | €76,598 | €46,908 | -€29,690 | -38.8% |
| Amounts payable within one year | 42/48 | €150,203 | €16,969 | -€133,234 | -88.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €103,565 | €13,370 | -€90,195 | -87.1% |
| Suppliers | 440/4 | €103,565 | €13,370 | -€90,195 | -87.1% |
| Taxes, remuneration and social security | 45 | €988 | €3,599 | +€2,611 | +264.3% |
| Taxes | 450/3 | €988 | €3,599 | +€2,611 | +264.3% |
| Other amounts payable | 47/48 | €45,650 | €0 | -€45,650 | -100.0% |
| Non-recurring operating income | 76A | - | €36,428 | +€36,428 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €455 | €4,082 | +€3,627 | +797.4% |
| Other operating charges | 640/8 | €1,576 | €3,166 | +€1,590 | +100.9% |
| Non-recurring operating charges | 66A | €105,532 | €0 | -€105,532 | -100.0% |
| Gross operating margin | 9900 | €28,307 | €68,584 | +€40,278 | +142.3% |
| Operating profit (loss) | 9901 | -€79,257 | €61,337 | +€140,593 | |
| Financial income | 75/76B | €3 | €5 | +€1 | +36.4% |
| Recurring financial income | 75 | €3 | €5 | +€1 | +36.4% |
| Financial charges | 65/66B | €12,714 | €2,320 | -€10,394 | -81.8% |
| Recurring financial charges | 65 | €12,714 | €2,320 | -€10,394 | -81.8% |
| Profit (loss) for the period before taxes | 9903 | -€91,968 | €59,021 | +€150,989 | |
| Income taxes | 67/77 | €0 | €1 | +€1 | |
| Profit (loss) for the period | 9904 | -€91,968 | €59,021 | +€150,988 | |
| Profit (loss) for the period to be appropriated | 9905 | -€91,968 | €59,021 | +€150,988 |
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 5 October 2026 via checked.be.