NAX: 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.
NAX
Largest movements
- Cash -€4,820
down €4,820 (-20.7%), from €23,336 to €18,515
mainly Tax, wage and social debts (-€3,228) and Trade debts (-€1,419)
- Tax, wage and social debts -€3,228
down €3,228 (-85.3%), from €3,786 to €557
of which Remuneration and social security: -€3,282
- Staff costs +€568
up €568 (+1.9%), from €30,608 to €31,176
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 | €147,246 | €141,943 | -€5,304 | -3.6% |
| Fixed assets | 21/28 | €120,241 | €119,758 | -€483 | -0.4% |
| Tangible fixed assets | 22/27 | €120,241 | €119,758 | -€483 | -0.4% |
| Land and buildings | 22 | €119,649 | €119,649 | = | 0.0% |
| Plant, machinery and equipment | 23 | €592 | €109 | -€483 | -81.7% |
| Current assets | 29/58 | €27,006 | €22,185 | -€4,820 | -17.8% |
| Amounts receivable within one year | 40/41 | €3,670 | €3,670 | = | 0.0% |
| Trade receivables | 40 | €3,670 | €3,670 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €23,336 | €18,515 | -€4,820 | -20.7% |
| Total equity and liabilities | 10/49 | €147,246 | €141,943 | -€5,304 | -3.6% |
| Equity | 10/15 | €46,121 | €45,206 | -€915 | -2.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,050 | -€22,965 | -€915 | -4.2% |
| Amounts payable | 17/49 | €101,126 | €96,737 | -€4,388 | -4.3% |
| Amounts payable within one year | 42/48 | €101,126 | €96,737 | -€4,388 | -4.3% |
| Trade debts | 44 | €20,107 | €18,687 | -€1,419 | -7.1% |
| Suppliers | 440/4 | €20,107 | €18,687 | -€1,419 | -7.1% |
| Taxes, remuneration and social security | 45 | €3,786 | €557 | -€3,228 | -85.3% |
| Taxes | 450/3 | €504 | €557 | +€53 | +10.6% |
| Remuneration and social security | 454/9 | €3,282 | - | -€3,282 | |
| Other amounts payable | 47/48 | €77,233 | €77,493 | +€259 | +0.3% |
| Remuneration, social security and pensions | 62 | €30,608 | €31,176 | +€568 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €483 | €483 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €30,901 | €31,177 | +€276 | +0.9% |
| Operating profit (loss) | 9901 | -€575 | -€870 | -€295 | -51.3% |
| Financial charges | 65/66B | €60 | €45 | -€15 | -25.0% |
| Recurring financial charges | 65 | €60 | €45 | -€15 | -25.0% |
| Non-recurring financial charges | 66B | - | €45 | +€45 | |
| Profit (loss) for the period before taxes | 9903 | -€635 | -€915 | -€280 | -44.1% |
| Profit (loss) for the period | 9904 | -€635 | -€915 | -€280 | -44.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€635 | -€915 | -€280 | -44.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.