NAXO: 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.
NAXO
Largest movements
- Cash -€72,077
down €72,077 (-75.4%), from €95,573 to €23,496
mainly Debts after one year (-€61,633) and Net result for the year (-€59,965)
- Tangible fixed assets -€44,644
down €44,644 (-2.6%), from €1.7m to €1.6m
of which Land and buildings: -€41,846
- Stocks and contracts -€31,920
no longer reported in 2024 (was €31,920)
- Debts after one year -€61,633
down €61,633 (-5.5%), from €1.1m to €1.1m
- Profit (loss) carried forward -€44,993
down €44,993 (-55.9%), from -€80,557 to -€125,550
- Other debts -€38,932
down €38,932 (-16.8%), from €232,341 to €193,410
- Gross operating margin -€138,981
down €138,981 (-85.6%), from €162,323 to €23,343
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,833,352 | €1,668,516 | -€164,836 | -9.0% |
| Fixed assets | 21/28 | €1,686,457 | €1,641,813 | -€44,644 | -2.6% |
| Tangible fixed assets | 22/27 | €1,686,457 | €1,641,813 | -€44,644 | -2.6% |
| Land and buildings | 22 | €1,676,081 | €1,634,234 | -€41,846 | -2.5% |
| Plant, machinery and equipment | 23 | €10,376 | €7,578 | -€2,798 | -27.0% |
| Current assets | 29/58 | €146,895 | €26,704 | -€120,191 | -81.8% |
| Stocks and contracts in progress | 3 | €31,920 | - | -€31,920 | |
| Stocks | 30/36 | €31,920 | - | -€31,920 | |
| Amounts receivable within one year | 40/41 | €9,010 | €309 | -€8,702 | -96.6% |
| Trade receivables | 40 | €1,500 | - | -€1,500 | |
| Other amounts receivable | 41 | €7,510 | €309 | -€7,202 | -95.9% |
| Cash at bank and in hand | 54/58 | €95,573 | €23,496 | -€72,077 | -75.4% |
| Deferred charges and accrued income | 490/1 | €10,392 | €2,899 | -€7,492 | -72.1% |
| Total equity and liabilities | 10/49 | €1,833,352 | €1,668,516 | -€164,836 | -9.0% |
| Equity | 10/15 | €311,653 | €251,688 | -€59,965 | -19.2% |
| Contributions | 10/11 | €68,592 | €68,592 | = | 0.0% |
| Reserves | 13 | €323,618 | €308,646 | -€14,972 | -4.6% |
| Tax-exempt reserves | 132 | €316,759 | €301,787 | -€14,972 | -4.7% |
| Distributable reserves | 133 | €6,859 | €6,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,557 | -€125,550 | -€44,993 | -55.9% |
| Provisions and deferred taxes | 16 | €105,586 | €100,596 | -€4,991 | -4.7% |
| Deferred taxes | 168 | €105,586 | €100,596 | -€4,991 | -4.7% |
| Amounts payable | 17/49 | €1,416,113 | €1,316,233 | -€99,880 | -7.1% |
| Amounts payable after more than one year | 17 | €1,118,100 | €1,056,467 | -€61,633 | -5.5% |
| Financial debts | 170/4 | €1,118,100 | €1,056,467 | -€61,633 | -5.5% |
| Amounts payable within one year | 42/48 | €297,138 | €255,657 | -€41,480 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €60,778 | €61,633 | +€855 | +1.4% |
| Trade debts | 44 | €4,018 | €615 | -€3,404 | -84.7% |
| Suppliers | 440/4 | €4,018 | €615 | -€3,404 | -84.7% |
| Other amounts payable | 47/48 | €232,341 | €193,410 | -€38,932 | -16.8% |
| Accrued charges and deferred income | 492/3 | €875 | €4,109 | +€3,234 | +370% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,537 | €62,080 | +€544 | +0.9% |
| Other operating charges | 640/8 | €8,600 | €9,775 | +€1,175 | +13.7% |
| Gross operating margin | 9900 | €162,323 | €23,343 | -€138,981 | -85.6% |
| Operating profit (loss) | 9901 | €92,186 | -€48,513 | -€140,699 | |
| Financial charges | 65/66B | €17,253 | €16,443 | -€809 | -4.7% |
| Recurring financial charges | 65 | €17,253 | €16,443 | -€809 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €74,934 | -€64,956 | -€139,890 | |
| Transfer from deferred taxes | 780 | €4,991 | €4,991 | = | 0.0% |
| Profit (loss) for the period | 9904 | €79,924 | -€59,965 | -€139,890 | |
| Transfer from tax-exempt reserves | 789 | €14,972 | €14,972 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €94,896 | -€44,993 | -€139,890 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.