MD nextg: 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.
MD nextg
Largest movements
- Cash +€18,314
up €18,314 (+17.6%), from €104,320 to €122,634
mainly Net result for the year (+€42,810) and Other debts (+€15,719)
- Receivables within one year -€14,079
down €14,079 (-49.3%), from €28,585 to €14,506
of which Trade receivables: -€12,475
- Other debts +€15,719
up €15,719 (+23.8%), from €66,151 to €81,870
- Profit (loss) carried forward -€13,573
down €13,573 (-32.0%), from €42,408 to €28,835
- Gross operating margin -€7,099
down €7,099 (-11.1%), from €63,846 to €56,747
- Taxes -€1,106
down €1,106 (-9.2%), from €12,001 to €10,895
- Depreciation -€1,021
down €1,021 (-49.7%), from €2,055 to €1,034
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 | €137,465 | €140,767 | +€3,301 | +2.4% |
| Fixed assets | 21/28 | €1,721 | €687 | -€1,034 | -60.1% |
| Tangible fixed assets | 22/27 | €1,721 | €687 | -€1,034 | -60.1% |
| Furniture and vehicles | 24 | €1,721 | €687 | -€1,034 | -60.1% |
| Current assets | 29/58 | €135,744 | €140,079 | +€4,335 | +3.2% |
| Amounts receivable within one year | 40/41 | €28,585 | €14,506 | -€14,079 | -49.3% |
| Trade receivables | 40 | €24,949 | €12,475 | -€12,475 | -50.0% |
| Other amounts receivable | 41 | €3,636 | €2,031 | -€1,605 | -44.1% |
| Cash at bank and in hand | 54/58 | €104,320 | €122,634 | +€18,314 | +17.6% |
| Deferred charges and accrued income | 490/1 | €2,839 | €2,939 | +€100 | +3.5% |
| Total equity and liabilities | 10/49 | €137,465 | €140,767 | +€3,301 | +2.4% |
| Equity | 10/15 | €62,868 | €49,295 | -€13,573 | -21.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €42,408 | €28,835 | -€13,573 | -32.0% |
| Amounts payable | 17/49 | €74,597 | €91,472 | +€16,875 | +22.6% |
| Amounts payable within one year | 42/48 | €74,597 | €91,472 | +€16,875 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €2,568 | €2,560 | -€8 | -0.3% |
| Trade debts | 44 | €1,878 | €2,939 | +€1,061 | +56.5% |
| Suppliers | 440/4 | €1,878 | €2,939 | +€1,061 | +56.5% |
| Taxes, remuneration and social security | 45 | €4,001 | €4,104 | +€103 | +2.6% |
| Taxes | 450/3 | €3,875 | €3,916 | +€41 | +1.1% |
| Remuneration and social security | 454/9 | €125 | €187 | +€62 | +49.6% |
| Other amounts payable | 47/48 | €66,151 | €81,870 | +€15,719 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,055 | €1,034 | -€1,021 | -49.7% |
| Other operating charges | 640/8 | €1,377 | €1,201 | -€176 | -12.8% |
| Gross operating margin | 9900 | €63,846 | €56,747 | -€7,099 | -11.1% |
| Operating profit (loss) | 9901 | €60,414 | €54,512 | -€5,902 | -9.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €556 | €809 | +€252 | +45.4% |
| Recurring financial charges | 65 | €556 | €809 | +€252 | +45.4% |
| Profit (loss) for the period before taxes | 9903 | €59,858 | €53,704 | -€6,153 | -10.3% |
| Income taxes | 67/77 | €12,001 | €10,895 | -€1,106 | -9.2% |
| Profit (loss) for the period | 9904 | €47,857 | €42,810 | -€5,047 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,857 | €42,810 | -€5,047 | -10.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.