Nex Real Estate: what changed
What changed
Nex Real Estate
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€9,864
2024 · -€29,606+€19,742
Equity
-€103,517
2024 · -€93,653-€9,864
Cash
€1,059
2024 · €87,105-€86,046
Balance sheet total
€291,889
2024 · €129,616+€162,273
Largest movements
Assets
- Stocks and contracts +€251,005
up €251,005, from €0 to €251,005
- Cash -€86,046
down €86,046 (-98.8%), from €87,105 to €1,059
mainly Stocks and contracts (-€251,005) and Net result for the year (-€9,864)
Equity and liabilities
- Short-term financial debts +€175,000
new in 2025: €175,000
- Profit (loss) carried forward -€9,864
down €9,864 (-8.7%), from -€113,653 to -€123,517
Income statement
- Gross operating margin +€10,910
up €10,910 (+69.3%), from -€15,747 to -€4,836
- Financial charges -€7,252
down €7,252 (-81.3%), from €8,921 to €1,669
- Other operating charges -€1,581
down €1,581 (-50.2%), from €3,149 to €1,568
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.
Result 2024
-€29,606
Gross operating margin
+€10,910
Depreciation
+€1
Other operating charges
+€1,581
Financial income
-€1
Financial charges
+€7,252
Result 2025
-€9,864
raises the resultlowers the result
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.
From operations
-€261,046
Investment
€0
Financing
+€175,000
Cash 2024
€87,105
From operations (derived)
-€261,046
Net result for the year
-€9,864
Depreciation
+€1,790
Stocks and contracts
-€251,005
Smaller working-capital items
-€350
Deferred charges and accrued income
+€1,229
Trade debts
-€2,847
Financing
+€175,000
Short-term financial debts
+€175,000
Cash 2025
€1,059
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,616 | €291,889 | +€162,273 | +125% |
| Fixed assets | 21/28 | €38,788 | €36,998 | -€1,790 | -4.6% |
| Tangible fixed assets | 22/27 | €38,788 | €36,998 | -€1,790 | -4.6% |
| Land and buildings | 22 | €38,788 | €36,998 | -€1,790 | -4.6% |
| Current assets | 29/58 | €90,828 | €254,891 | +€164,064 | +181% |
| Stocks and contracts in progress | 3 | €0 | €251,005 | +€251,005 | |
| Stocks | 30/36 | €0 | €251,005 | +€251,005 | |
| Amounts receivable within one year | 40/41 | €2,494 | €2,827 | +€334 | +13.4% |
| Trade receivables | 40 | €258 | - | -€258 | |
| Other amounts receivable | 41 | €2,236 | €2,827 | +€592 | +26.5% |
| Cash at bank and in hand | 54/58 | €87,105 | €1,059 | -€86,046 | -98.8% |
| Deferred charges and accrued income | 490/1 | €1,229 | - | -€1,229 | |
| Total equity and liabilities | 10/49 | €129,616 | €291,889 | +€162,273 | +125% |
| Equity | 10/15 | -€93,653 | -€103,517 | -€9,864 | -10.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,653 | -€123,517 | -€9,864 | -8.7% |
| Amounts payable | 17/49 | €223,269 | €395,406 | +€172,137 | +77.1% |
| Amounts payable within one year | 42/48 | €223,269 | €395,406 | +€172,137 | +77.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €175,000 | +€175,000 | |
| Credit institutions | 430/8 | - | €175,000 | +€175,000 | |
| Trade debts | 44 | €2,894 | €47 | -€2,847 | -98.4% |
| Suppliers | 440/4 | €2,894 | €47 | -€2,847 | -98.4% |
| Other amounts payable | 47/48 | €220,375 | €220,359 | -€16 | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,791 | €1,790 | -€1 | 0.0% |
| Other operating charges | 640/8 | €3,149 | €1,568 | -€1,581 | -50.2% |
| Gross operating margin | 9900 | -€15,747 | -€4,836 | +€10,910 | +69.3% |
| Operating profit (loss) | 9901 | -€20,686 | -€8,195 | +€12,492 | +60.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €8,921 | €1,669 | -€7,252 | -81.3% |
| Recurring financial charges | 65 | €8,921 | €1,669 | -€7,252 | -81.3% |
| Profit (loss) for the period before taxes | 9903 | -€29,606 | -€9,864 | +€19,742 | +66.7% |
| Profit (loss) for the period | 9904 | -€29,606 | -€9,864 | +€19,742 | +66.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,606 | -€9,864 | +€19,742 | +66.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.