NEXAR: 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.
NEXAR
Largest movements
- Cash +€16,914
up €16,914 (+122.2%), from €13,843 to €30,757
mainly Receivables within one year (+€12,469) and Depreciation (+€10,257)
- Receivables within one year -€12,469
down €12,469 (-47.3%), from €26,348 to €13,878
of which Trade receivables: -€13,585
- Tangible fixed assets -€8,908
down €8,908 (-30.8%), from €28,889 to €19,981
of which Furniture and vehicles: -€4,830
- Other debts -€7,266
down €7,266 (-46.3%), from €15,701 to €8,435
- Reserves +€1,877
up €1,877 (+5.2%), from €35,886 to €37,763
of which Distributable reserves: +€1,877
- Trade debts +€948
up €948 (+9.2%), from €10,355 to €11,304
- Gross operating margin -€2,966
down €2,966 (-15.7%), from €18,857 to €15,891
- Depreciation +€1,887
up €1,887 (+22.5%), from €8,370 to €10,257
- Taxes -€1,151
down €1,151 (-42.3%), from €2,722 to €1,571
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 | €69,079 | €64,616 | -€4,463 | -6.5% |
| Fixed assets | 21/28 | €28,889 | €19,981 | -€8,908 | -30.8% |
| Tangible fixed assets | 22/27 | €28,889 | €19,981 | -€8,908 | -30.8% |
| Plant, machinery and equipment | 23 | €4,340 | €1,894 | -€2,446 | -56.4% |
| Furniture and vehicles | 24 | €17,072 | €12,242 | -€4,830 | -28.3% |
| Other tangible fixed assets | 26 | €7,476 | €5,845 | -€1,632 | -21.8% |
| Current assets | 29/58 | €40,190 | €44,635 | +€4,445 | +11.1% |
| Amounts receivable within one year | 40/41 | €26,348 | €13,878 | -€12,469 | -47.3% |
| Trade receivables | 40 | €22,896 | €9,310 | -€13,585 | -59.3% |
| Other amounts receivable | 41 | €3,452 | €4,568 | +€1,116 | +32.3% |
| Cash at bank and in hand | 54/58 | €13,843 | €30,757 | +€16,914 | +122.2% |
| Total equity and liabilities | 10/49 | €69,079 | €64,616 | -€4,463 | -6.5% |
| Equity | 10/15 | €42,091 | €43,968 | +€1,877 | +4.5% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €35,886 | €37,763 | +€1,877 | +5.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €34,027 | €35,904 | +€1,877 | +5.5% |
| Amounts payable | 17/49 | €26,988 | €20,648 | -€6,340 | -23.5% |
| Amounts payable within one year | 42/48 | €26,988 | €20,648 | -€6,340 | -23.5% |
| Trade debts | 44 | €10,355 | €11,304 | +€948 | +9.2% |
| Suppliers | 440/4 | €10,355 | €11,304 | +€948 | +9.2% |
| Taxes, remuneration and social security | 45 | €931 | €909 | -€22 | -2.4% |
| Taxes | 450/3 | €931 | €909 | -€22 | -2.4% |
| Other amounts payable | 47/48 | €15,701 | €8,435 | -€7,266 | -46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,370 | €10,257 | +€1,887 | +22.5% |
| Other operating charges | 640/8 | €776 | €690 | -€86 | -11.1% |
| Gross operating margin | 9900 | €18,857 | €15,891 | -€2,966 | -15.7% |
| Operating profit (loss) | 9901 | €9,711 | €4,944 | -€4,767 | -49.1% |
| Financial income | 75/76B | €3 | €25 | +€22 | +683.0% |
| Recurring financial income | 75 | €3 | €25 | +€22 | +683.0% |
| Financial charges | 65/66B | €1,629 | €1,521 | -€108 | -6.6% |
| Recurring financial charges | 65 | €1,629 | €1,521 | -€108 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €8,085 | €3,448 | -€4,637 | -57.4% |
| Income taxes | 67/77 | €2,722 | €1,571 | -€1,151 | -42.3% |
| Profit (loss) for the period | 9904 | €5,363 | €1,877 | -€3,486 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,363 | €1,877 | -€3,486 | -65.0% |
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.