NEXAE BEL CSE: 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.
NEXAE BEL CSE
Largest movements
- Receivables within one year -€51,080
down €51,080 (-96.7%), from €52,810 to €1,730
of which Other amounts receivable: -€40,922
- Cash -€16,471
down €16,471 (-6.2%), from €265,829 to €249,357
mainly Trade debts (-€50,858) and Net result for the year (-€22,334)
- Trade debts -€50,858
down €50,858 (-53.3%), from €95,346 to €44,488
- Profit (loss) carried forward -€22,334
down €22,334 (-94.7%), from €23,582 to €1,248
- Other debts +€5,640
up €5,640 (+4.4%), from €128,586 to €134,226
- Goods and materials -€114,402
no longer reported in 2025 (was €114,402)
- Other operating income -€65,345
no longer reported in 2025 (was €65,345)
- Turnover -€60,172
no longer reported in 2025 (was €60,172)
- Services and other goods -€19,269
no longer reported in 2025 (was €19,269)
- Gross operating margin -€18,512
new in 2025: -€18,512
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 | €319,014 | €251,462 | -€67,551 | -21.2% |
| Fixed assets | 21/28 | €375 | €375 | = | 0.0% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Other financial fixed assets | 284/8 | €375 | - | -€375 | |
| Amounts receivable and cash guarantees | 285/8 | €375 | - | -€375 | |
| Current assets | 29/58 | €318,639 | €251,087 | -€67,551 | -21.2% |
| Amounts receivable within one year | 40/41 | €52,810 | €1,730 | -€51,080 | -96.7% |
| Trade receivables | 40 | €10,158 | - | -€10,158 | |
| Other amounts receivable | 41 | €42,652 | €1,730 | -€40,922 | -95.9% |
| Cash at bank and in hand | 54/58 | €265,829 | €249,357 | -€16,471 | -6.2% |
| Total equity and liabilities | 10/49 | €319,014 | €251,462 | -€67,551 | -21.2% |
| Equity | 10/15 | €95,082 | €72,748 | -€22,334 | -23.5% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €6,500 | €6,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,582 | €1,248 | -€22,334 | -94.7% |
| Amounts payable | 17/49 | €223,932 | €178,714 | -€45,217 | -20.2% |
| Amounts payable within one year | 42/48 | €223,932 | €178,714 | -€45,217 | -20.2% |
| Trade debts | 44 | €95,346 | €44,488 | -€50,858 | -53.3% |
| Suppliers | 440/4 | €95,346 | €44,488 | -€50,858 | -53.3% |
| Other amounts payable | 47/48 | €128,586 | €134,226 | +€5,640 | +4.4% |
| Operating income | 70/76A | €125,517 | - | -€125,517 | |
| Turnover | 70 | €60,172 | - | -€60,172 | |
| Other operating income | 74 | €65,345 | - | -€65,345 | |
| Operating charges | 60/66A | €138,837 | - | -€138,837 | |
| Goods for resale, raw materials and consumables | 60 | €114,402 | - | -€114,402 | |
| Purchases | 600/8 | €114,402 | - | -€114,402 | |
| Services and other goods | 61 | €19,269 | - | -€19,269 | |
| Other operating charges | 640/8 | €5,166 | €998 | -€4,167 | -80.7% |
| Gross operating margin | 9900 | - | -€18,512 | -€18,512 | |
| Operating profit (loss) | 9901 | -€13,320 | -€19,511 | -€6,190 | -46.5% |
| Financial income | 75/76B | €0 | €2,027 | +€2,027 | +519,636% |
| Recurring financial income | 75 | €0 | €2,027 | +€2,027 | +519,636% |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,612 | €4,850 | +€238 | +5.2% |
| Recurring financial charges | 65 | €4,612 | €4,850 | +€238 | +5.2% |
| Debt charges | 650 | €1,814 | - | -€1,814 | |
| Other financial charges | 652/9 | €2,799 | - | -€2,799 | |
| Profit (loss) for the period before taxes | 9903 | -€17,932 | -€22,334 | -€4,402 | -24.5% |
| Income taxes | 67/77 | -€17,905 | - | +€17,905 | |
| Tax adjustments and reversals of tax provisions | 77 | €17,905 | - | -€17,905 | |
| Profit (loss) for the period | 9904 | -€27 | -€22,334 | -€22,307 | -81,590% |
| Profit (loss) for the period to be appropriated | 9905 | -€27 | -€22,334 | -€22,307 | -81,590% |
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 23 October 2026 via checked.be.