Naxia management: 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.
Naxia management
Largest movements
- Cash +€20,755
up €20,755 (+224%), from €9,257 to €30,012
mainly Depreciation (+€11,900) and Receivables within one year (+€8,445)
- Tangible fixed assets -€11,900
down €11,900 (-52.2%), from €22,790 to €10,890
- Receivables within one year -€8,445
down €8,445 (-29.8%), from €28,294 to €19,849
of which Trade receivables: -€11,354
- Reserves +€4,714
up €4,714 (+37.1%), from €12,720 to €17,434
- Trade debts -€2,466
down €2,466 (-63.4%), from €3,891 to €1,425
- Other debts -€2,302
down €2,302 (-6.9%), from €33,235 to €30,933
- Accrued charges and deferred income +€1,030
up €1,030 (+8,702%), from €12 to €1,042
- Depreciation +€10,490
up €10,490 (+744%), from €1,410 to €11,900
- Gross operating margin +€2,749
up €2,749 (+14.2%), from €19,393 to €22,142
- Taxes -€2,252
down €2,252 (-43.0%), from €5,235 to €2,984
- Financial charges +€1,110
new in 2025: €1,110
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 | €60,916 | €61,433 | +€517 | +0.8% |
| Fixed assets | 21/28 | €22,790 | €10,890 | -€11,900 | -52.2% |
| Tangible fixed assets | 22/27 | €22,790 | €10,890 | -€11,900 | -52.2% |
| Furniture and vehicles | 24 | €22,790 | €10,890 | -€11,900 | -52.2% |
| Current assets | 29/58 | €38,126 | €50,543 | +€12,417 | +32.6% |
| Amounts receivable within one year | 40/41 | €28,294 | €19,849 | -€8,445 | -29.8% |
| Trade receivables | 40 | €28,294 | €16,940 | -€11,354 | -40.1% |
| Other amounts receivable | 41 | - | €2,909 | +€2,909 | |
| Cash at bank and in hand | 54/58 | €9,257 | €30,012 | +€20,755 | +224% |
| Deferred charges and accrued income | 490/1 | €575 | €682 | +€107 | +18.6% |
| Total equity and liabilities | 10/49 | €60,916 | €61,433 | +€517 | +0.8% |
| Equity | 10/15 | €14,720 | €19,434 | +€4,714 | +32.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €12,720 | €17,434 | +€4,714 | +37.1% |
| Distributable reserves | 133 | €12,720 | €17,434 | +€4,714 | +37.1% |
| Amounts payable | 17/49 | €46,197 | €42,000 | -€4,197 | -9.1% |
| Amounts payable within one year | 42/48 | €46,185 | €40,957 | -€5,227 | -11.3% |
| Trade debts | 44 | €3,891 | €1,425 | -€2,466 | -63.4% |
| Suppliers | 440/4 | €3,891 | €1,425 | -€2,466 | -63.4% |
| Taxes, remuneration and social security | 45 | €9,059 | €8,599 | -€460 | -5.1% |
| Taxes | 450/3 | €8,899 | €8,439 | -€460 | -5.2% |
| Remuneration and social security | 454/9 | €160 | €160 | = | 0.0% |
| Other amounts payable | 47/48 | €33,235 | €30,933 | -€2,302 | -6.9% |
| Accrued charges and deferred income | 492/3 | €12 | €1,042 | +€1,030 | +8,702% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,410 | €11,900 | +€10,490 | +744% |
| Other operating charges | 640/8 | €27 | €153 | +€125 | +462% |
| Gross operating margin | 9900 | €19,393 | €22,142 | +€2,749 | +14.2% |
| Operating profit (loss) | 9901 | €17,955 | €10,089 | -€7,866 | -43.8% |
| Financial charges | 65/66B | - | €1,110 | +€1,110 | |
| Recurring financial charges | 65 | - | €1,110 | +€1,110 | |
| Profit (loss) for the period before taxes | 9903 | €17,955 | €8,979 | -€8,976 | -50.0% |
| Income taxes | 67/77 | €5,235 | €2,984 | -€2,252 | -43.0% |
| Profit (loss) for the period | 9904 | €12,720 | €5,996 | -€6,724 | -52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,720 | €5,996 | -€6,724 | -52.9% |
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 21 October 2026 via checked.be.