NAXORT: 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.
NAXORT
Largest movements
- Receivables within one year +€22,020
up €22,020 (+260.9%), from €8,441 to €30,461
of which Other amounts receivable: +€13,662
- Receivables after one year +€20,000
new in 2025: €20,000
- Cash -€3,446
down €3,446 (-22.7%), from €15,173 to €11,728
mainly Receivables within one year (-€22,020) and Receivables after one year (-€20,000)
- Formation expenses -€858
down €858 (-100.0%), from €858 to €0
- Profit (loss) carried forward +€25,663
up €25,663 (+333.1%), from €7,705 to €33,368
- Tax, wage and social debts +€12,553
up €12,553 (+82.3%), from €15,260 to €27,813
of which Taxes: +€9,228
- Gross operating margin +€23,413
up €23,413 (+172.6%), from €13,567 to €36,980
- Taxes +€4,817
up €4,817 (+182.7%), from €2,637 to €7,454
- Financial charges +€750
up €750 (+177.2%), from €423 to €1,173
- Financial income +€403
up €403 (+446.1%), from €90 to €493
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 | €27,417 | €65,307 | +€37,890 | +138.2% |
| Formation expenses | 20 | €858 | €0 | -€858 | -100.0% |
| Fixed assets | 21/28 | €2,813 | €2,553 | -€260 | -9.2% |
| Tangible fixed assets | 22/27 | €2,813 | €2,553 | -€260 | -9.2% |
| Furniture and vehicles | 24 | €2,813 | €2,553 | -€260 | -9.2% |
| Current assets | 29/58 | €23,746 | €62,753 | +€39,008 | +164.3% |
| Amounts receivable after more than one year | 29 | - | €20,000 | +€20,000 | |
| Other amounts receivable | 291 | - | €20,000 | +€20,000 | |
| Amounts receivable within one year | 40/41 | €8,441 | €30,461 | +€22,020 | +260.9% |
| Trade receivables | 40 | - | €8,357 | +€8,357 | |
| Other amounts receivable | 41 | €8,441 | €22,104 | +€13,662 | +161.8% |
| Cash at bank and in hand | 54/58 | €15,173 | €11,728 | -€3,446 | -22.7% |
| Deferred charges and accrued income | 490/1 | €131 | €565 | +€434 | +331.1% |
| Total equity and liabilities | 10/49 | €27,417 | €65,307 | +€37,890 | +138.2% |
| Equity | 10/15 | €9,705 | €35,368 | +€25,663 | +264.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,705 | €33,368 | +€25,663 | +333.1% |
| Amounts payable | 17/49 | €17,712 | €29,939 | +€12,227 | +69.0% |
| Amounts payable within one year | 42/48 | €17,712 | €29,939 | +€12,227 | +69.0% |
| Trade debts | 44 | €734 | €460 | -€274 | -37.3% |
| Suppliers | 440/4 | €734 | €460 | -€274 | -37.3% |
| Taxes, remuneration and social security | 45 | €15,260 | €27,813 | +€12,553 | +82.3% |
| Taxes | 450/3 | €15,260 | €24,488 | +€9,228 | +60.5% |
| Remuneration and social security | 454/9 | - | €3,325 | +€3,325 | |
| Other amounts payable | 47/48 | €1,718 | €1,666 | -€52 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €788 | €1,118 | +€330 | +41.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €13,567 | €36,980 | +€23,413 | +172.6% |
| Operating profit (loss) | 9901 | €12,392 | €35,462 | +€23,070 | +186.2% |
| Financial income | 75/76B | €90 | €493 | +€403 | +446.1% |
| Recurring financial income | 75 | €90 | €493 | +€403 | +446.1% |
| Financial charges | 65/66B | €423 | €1,173 | +€750 | +177.2% |
| Recurring financial charges | 65 | €423 | €1,173 | +€750 | +177.2% |
| Profit (loss) for the period before taxes | 9903 | €12,060 | €34,783 | +€22,723 | +188.4% |
| Income taxes | 67/77 | €2,637 | €7,454 | +€4,817 | +182.7% |
| Profit (loss) for the period | 9904 | €9,423 | €27,329 | +€17,906 | +190.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,423 | €27,329 | +€17,906 | +190.0% |
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 5 October 2026 via checked.be.