NAXOS HOLDING: what changed
NAXOS HOLDING
Largest movements
- Cash -€322,004
down €322,004 (-72.6%), from €443,265 to €121,261
mainly Current investments (-€207,174) and Net result for the year (-€75,976)
- Current investments +€207,174
up €207,174 (+3.7%), from €5.5m to €5.7m
No liability line moved by more than 1% of the balance sheet total.
- Financial charges -€765,488
down €765,488 (-76.5%), from €1.0m to €235,007
of which Non-recurring financial charges: -€950,038
- Financial income -€382,474
down €382,474 (-58.7%), from €651,951 to €269,476
- Taxes -€91,946
down €91,946 (-58.3%), from €157,723 to €65,777
- Gross operating margin -€9,367
down €9,367 (-27.6%), from -€33,975 to -€43,343
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,733,335 | €8,592,362 | -€140,973 | -1.6% |
| Fixed assets | 21/28 | €2,673,425 | €2,673,425 | = | 0.0% |
| Financial fixed assets | 28 | €2,673,425 | €2,673,425 | = | 0.0% |
| Current assets | 29/58 | €6,059,910 | €5,918,937 | -€140,973 | -2.3% |
| Amounts receivable within one year | 40/41 | €81,359 | €55,063 | -€26,296 | -32.3% |
| Other amounts receivable | 41 | €81,359 | €55,063 | -€26,296 | -32.3% |
| Current investments | 50/53 | €5,534,014 | €5,741,188 | +€207,174 | +3.7% |
| Cash at bank and in hand | 54/58 | €443,265 | €121,261 | -€322,004 | -72.6% |
| Deferred charges and accrued income | 490/1 | €1,272 | €1,426 | +€153 | +12.0% |
| Total equity and liabilities | 10/49 | €8,733,335 | €8,592,362 | -€140,973 | -1.6% |
| Equity | 10/15 | €8,623,740 | €8,547,764 | -€75,976 | -0.9% |
| Contributions | 10/11 | €11,700,000 | €11,700,000 | = | 0.0% |
| Reserves | 13 | €944,288 | €944,288 | = | 0.0% |
| Distributable reserves | 133 | €944,288 | €944,288 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,020,548 | -€4,096,524 | -€75,976 | -1.9% |
| Amounts payable | 17/49 | €109,595 | €44,598 | -€64,998 | -59.3% |
| Amounts payable within one year | 42/48 | €109,595 | €44,598 | -€64,998 | -59.3% |
| Taxes, remuneration and social security | 45 | €109,595 | €44,598 | -€64,998 | -59.3% |
| Taxes | 450/3 | €107,770 | €42,758 | -€65,012 | -60.3% |
| Remuneration and social security | 454/9 | €1,826 | €1,840 | +€14 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,337 | €1,324 | -€12 | -0.9% |
| Gross operating margin | 9900 | -€33,975 | -€43,343 | -€9,367 | -27.6% |
| Operating profit (loss) | 9901 | -€35,312 | -€44,667 | -€9,355 | -26.5% |
| Financial income | 75/76B | €651,951 | €269,476 | -€382,474 | -58.7% |
| Recurring financial income | 75 | €651,951 | €269,476 | -€382,474 | -58.7% |
| Financial charges | 65/66B | €1,000,496 | €235,007 | -€765,488 | -76.5% |
| Recurring financial charges | 65 | €50,457 | €235,007 | +€184,550 | +366% |
| Non-recurring financial charges | 66B | €950,038 | €0 | -€950,038 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€383,857 | -€10,199 | +€373,659 | +97.3% |
| Income taxes | 67/77 | €157,723 | €65,777 | -€91,946 | -58.3% |
| Profit (loss) for the period | 9904 | -€541,581 | -€75,976 | +€465,605 | +86.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€541,581 | -€75,976 | +€465,605 | +86.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.