NAXOR: 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.
NAXOR
Largest movements
- Cash +€23,497
up €23,497 (+122.0%), from €19,257 to €42,754
mainly Receivables within one year (+€11,532) and Net result for the year (+€6,406)
- Receivables within one year -€11,532
down €11,532 (-38.7%), from €29,831 to €18,299
of which Other amounts receivable: -€11,808
- Tangible fixed assets -€1,403
down €1,403 (-37.8%), from €3,708 to €2,306
- Profit (loss) carried forward +€6,406
up €6,406 (+26.5%), from €24,152 to €30,558
- Tax, wage and social debts +€2,757
up €2,757 (+593.3%), from €465 to €3,221
- Trade debts +€1,400
up €1,400 (+14.9%), from €9,382 to €10,782
- Gross operating margin +€17,570
up €17,570, from -€9,578 to €7,992
- Other operating charges -€7,390
down €7,390 (-98.2%), from €7,522 to €132
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 | €52,796 | €63,359 | +€10,563 | +20.0% |
| Fixed assets | 21/28 | €3,708 | €2,306 | -€1,403 | -37.8% |
| Tangible fixed assets | 22/27 | €3,708 | €2,306 | -€1,403 | -37.8% |
| Other tangible fixed assets | 26 | €3,708 | €2,306 | -€1,403 | -37.8% |
| Current assets | 29/58 | €49,088 | €61,053 | +€11,966 | +24.4% |
| Amounts receivable within one year | 40/41 | €29,831 | €18,299 | -€11,532 | -38.7% |
| Trade receivables | 40 | €2,137 | €2,414 | +€276 | +12.9% |
| Other amounts receivable | 41 | €27,694 | €15,886 | -€11,808 | -42.6% |
| Cash at bank and in hand | 54/58 | €19,257 | €42,754 | +€23,497 | +122.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €52,796 | €63,359 | +€10,563 | +20.0% |
| Equity | 10/15 | €42,752 | €49,158 | +€6,406 | +15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,152 | €30,558 | +€6,406 | +26.5% |
| Amounts payable | 17/49 | €10,044 | €14,201 | +€4,156 | +41.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €10,044 | €14,201 | +€4,156 | +41.4% |
| Trade debts | 44 | €9,382 | €10,782 | +€1,400 | +14.9% |
| Suppliers | 440/4 | €9,382 | €10,782 | +€1,400 | +14.9% |
| Taxes, remuneration and social security | 45 | €465 | €3,221 | +€2,757 | +593.3% |
| Taxes | 450/3 | €465 | €3,221 | +€2,757 | +593.3% |
| Other amounts payable | 47/48 | €198 | €198 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €75 | €0 | -€75 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,403 | €1,403 | = | 0.0% |
| Other operating charges | 640/8 | €7,522 | €132 | -€7,390 | -98.2% |
| Gross operating margin | 9900 | -€9,578 | €7,992 | +€17,570 | |
| Operating profit (loss) | 9901 | -€18,578 | €6,457 | +€25,035 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €105 | €51 | -€55 | -51.8% |
| Recurring financial charges | 65 | €105 | €51 | -€55 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,683 | €6,406 | +€25,089 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€18,683 | €6,406 | +€25,089 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,683 | €6,406 | +€25,089 |
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 8 October 2026 via checked.be.