NEKST PROJECT: 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.
NEKST PROJECT
Largest movements
- Cash -€78,751
down €78,751 (-71.8%), from €109,728 to €30,978
mainly Receivables within one year (-€53,622) and Other debts (-€50,000)
- Receivables within one year +€53,622
up €53,622 (+45.2%), from €118,528 to €172,150
of which Other amounts receivable: +€39,093
- Stocks and contracts +€27,328
up €27,328 (+639%), from €4,280 to €31,608
of which Contracts in progress: +€24,608
- Tangible fixed assets -€13,170
down €13,170 (-20.8%), from €63,393 to €50,222
of which Furniture and vehicles: -€11,076
- Deferred charges and accrued income +€4,245
up €4,245 (+104%), from €4,067 to €8,311
- Reserves +€214,811
new in 2025: €214,811
- Profit (loss) carried forward -€156,551
down €156,551 (-100%), from €156,551 to €0
- Other debts -€50,000
down €50,000 (-100%), from €50,000 to €0
- Tax, wage and social debts +€17,665
up €17,665 (+116%), from €15,181 to €32,847
of which Taxes: +€18,097
- Advances received -€11,171
down €11,171 (-100%), from €11,171 to €0
- Gross operating margin -€143,354
down €143,354 (-58.2%), from €246,283 to €102,929
- Staff costs -€32,757
down €32,757 (-98.0%), from €33,441 to €684
- Taxes -€26,262
down €26,262 (-59.2%), from €44,358 to €18,097
- Depreciation +€4,103
up €4,103 (+26.1%), from €15,700 to €19,803
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 | €306,346 | €299,619 | -€6,726 | -2.2% |
| Fixed assets | 21/28 | €69,743 | €56,572 | -€13,170 | -18.9% |
| Tangible fixed assets | 22/27 | €63,393 | €50,222 | -€13,170 | -20.8% |
| Plant, machinery and equipment | 23 | €9,656 | €7,562 | -€2,094 | -21.7% |
| Furniture and vehicles | 24 | €53,737 | €42,661 | -€11,076 | -20.6% |
| Financial fixed assets | 28 | €6,350 | €6,350 | = | 0.0% |
| Current assets | 29/58 | €236,603 | €243,047 | +€6,444 | +2.7% |
| Stocks and contracts in progress | 3 | €4,280 | €31,608 | +€27,328 | +639% |
| Stocks | 30/36 | €4,280 | €7,000 | +€2,720 | +63.6% |
| Contracts in progress | 37 | - | €24,608 | +€24,608 | |
| Amounts receivable within one year | 40/41 | €118,528 | €172,150 | +€53,622 | +45.2% |
| Trade receivables | 40 | €100,577 | €115,106 | +€14,529 | +14.4% |
| Other amounts receivable | 41 | €17,951 | €57,044 | +€39,093 | +218% |
| Cash at bank and in hand | 54/58 | €109,728 | €30,978 | -€78,751 | -71.8% |
| Deferred charges and accrued income | 490/1 | €4,067 | €8,311 | +€4,245 | +104% |
| Total equity and liabilities | 10/49 | €306,346 | €299,619 | -€6,726 | -2.2% |
| Equity | 10/15 | €175,101 | €233,361 | +€58,260 | +33.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | - | €214,811 | +€214,811 | |
| Distributable reserves | 133 | - | €214,811 | +€214,811 | |
| Profit (loss) carried forward | 14 | €156,551 | €0 | -€156,551 | -100% |
| Amounts payable | 17/49 | €131,245 | €66,259 | -€64,986 | -49.5% |
| Amounts payable after more than one year | 17 | €12,480 | €3,195 | -€9,285 | -74.4% |
| Financial debts | 170/4 | €12,480 | €3,195 | -€9,285 | -74.4% |
| Amounts payable within one year | 42/48 | €118,765 | €63,064 | -€55,701 | -46.9% |
| Current portion of amounts payable after more than one year | 42 | €14,115 | €9,285 | -€4,830 | -34.2% |
| Trade debts | 44 | €28,298 | €20,932 | -€7,366 | -26.0% |
| Suppliers | 440/4 | €28,298 | €20,932 | -€7,366 | -26.0% |
| Advances received on contracts in progress | 46 | €11,171 | €0 | -€11,171 | -100% |
| Taxes, remuneration and social security | 45 | €15,181 | €32,847 | +€17,665 | +116% |
| Taxes | 450/3 | €14,750 | €32,847 | +€18,097 | +123% |
| Remuneration and social security | 454/9 | €431 | €0 | -€431 | -100% |
| Other amounts payable | 47/48 | €50,000 | €0 | -€50,000 | -100% |
| Remuneration, social security and pensions | 62 | €33,441 | €684 | -€32,757 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,700 | €19,803 | +€4,103 | +26.1% |
| Other operating charges | 640/8 | €4,197 | €4,913 | +€716 | +17.1% |
| Non-recurring operating charges | 66A | €12,706 | €0 | -€12,706 | -100% |
| Gross operating margin | 9900 | €246,283 | €102,929 | -€143,354 | -58.2% |
| Operating profit (loss) | 9901 | €180,239 | €77,529 | -€102,710 | -57.0% |
| Financial income | 75/76B | €100 | €1,289 | +€1,190 | +1,193% |
| Recurring financial income | 75 | €100 | €1,289 | +€1,190 | +1,193% |
| Financial charges | 65/66B | €4,799 | €2,462 | -€2,337 | -48.7% |
| Recurring financial charges | 65 | €4,799 | €2,462 | -€2,337 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €175,539 | €76,357 | -€99,183 | -56.5% |
| Income taxes | 67/77 | €44,358 | €18,097 | -€26,262 | -59.2% |
| Profit (loss) for the period | 9904 | €131,181 | €58,260 | -€72,921 | -55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €131,181 | €58,260 | -€72,921 | -55.6% |
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 27 October 2026 via checked.be.