N(EX)T: 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.
N(EX)T
Largest movements
- Cash +€72,684
up €72,684 (+64.0%), from €113,628 to €186,312
mainly Net result for the year (+€65,235) and Other debts (+€62,318)
- Other debts +€62,318
up €62,318 (+395.9%), from €15,742 to €78,061
- Reserves -€12,821
down €12,821 (-6.2%), from €206,727 to €193,906
- Contributions +€12,550
up €12,550 (+202.4%), from €6,200 to €18,750
- Tax, wage and social debts +€9,072
up €9,072 (+28192.9%), from €32 to €9,105
of which Taxes: +€5,338
- Trade debts +€4,189
up €4,189 (+187.8%), from €2,230 to €6,419
- Gross operating margin -€31,407
down €31,407 (-25.9%), from €121,037 to €89,630
- Taxes -€9,447
down €9,447 (-26.9%), from €35,179 to €25,732
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 | €230,945 | €306,241 | +€75,296 | +32.6% |
| Fixed assets | 21/28 | €120 | €120 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €230,825 | €306,121 | +€75,296 | +32.6% |
| Amounts receivable after more than one year | 29 | €96,847 | €99,268 | +€2,421 | +2.5% |
| Other amounts receivable | 291 | €96,847 | €99,268 | +€2,421 | +2.5% |
| Amounts receivable within one year | 40/41 | €12,117 | €12,114 | -€3 | 0.0% |
| Trade receivables | 40 | €255 | €3,025 | +€2,770 | +1088.6% |
| Other amounts receivable | 41 | €11,862 | €9,089 | -€2,774 | -23.4% |
| Cash at bank and in hand | 54/58 | €113,628 | €186,312 | +€72,684 | +64.0% |
| Deferred charges and accrued income | 490/1 | €8,233 | €8,427 | +€194 | +2.4% |
| Total equity and liabilities | 10/49 | €230,945 | €306,241 | +€75,296 | +32.6% |
| Equity | 10/15 | €212,927 | €212,656 | -€271 | -0.1% |
| Contributions | 10/11 | €6,200 | €18,750 | +€12,550 | +202.4% |
| Reserves | 13 | €206,727 | €193,906 | -€12,821 | -6.2% |
| Distributable reserves | 133 | €206,727 | €193,906 | -€12,821 | -6.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €18,017 | €93,585 | +€75,567 | +419.4% |
| Amounts payable within one year | 42/48 | €18,005 | €93,585 | +€75,580 | +419.8% |
| Trade debts | 44 | €2,230 | €6,419 | +€4,189 | +187.8% |
| Suppliers | 440/4 | €2,230 | €6,419 | +€4,189 | +187.8% |
| Taxes, remuneration and social security | 45 | €32 | €9,105 | +€9,072 | +28192.9% |
| Taxes | 450/3 | €32 | €5,370 | +€5,338 | +16587.0% |
| Remuneration and social security | 454/9 | - | €3,735 | +€3,735 | |
| Other amounts payable | 47/48 | €15,742 | €78,061 | +€62,318 | +395.9% |
| Accrued charges and deferred income | 492/3 | €12 | €0 | -€12 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €402 | €0 | -€402 | -100.0% |
| Other operating charges | 640/8 | €954 | €980 | +€26 | +2.7% |
| Gross operating margin | 9900 | €121,037 | €89,630 | -€31,407 | -25.9% |
| Operating profit (loss) | 9901 | €119,681 | €88,651 | -€31,031 | -25.9% |
| Financial income | 75/76B | €2,457 | €2,421 | -€35 | -1.4% |
| Recurring financial income | 75 | €2,457 | €2,421 | -€35 | -1.4% |
| Financial charges | 65/66B | €110 | €104 | -€6 | -5.4% |
| Recurring financial charges | 65 | €110 | €104 | -€6 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €122,028 | €90,968 | -€31,060 | -25.5% |
| Income taxes | 67/77 | €35,179 | €25,732 | -€9,447 | -26.9% |
| Profit (loss) for the period | 9904 | €86,849 | €65,235 | -€21,613 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €86,849 | €65,235 | -€21,613 | -24.9% |
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 3 October 2026 via checked.be.