NEXCO: 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.
NEXCO
Largest movements
- Cash -€16,820
down €16,820 (-60.5%), from €27,821 to €11,001
mainly Tax, wage and social debts (-€8,881) and Trade debts (-€5,924)
- Receivables within one year -€2,945
down €2,945 (-93.2%), from €3,160 to €215
- Tangible fixed assets -€822
down €822 (-18.7%), from €4,392 to €3,570
of which Furniture and vehicles: -€822
- Tax, wage and social debts -€8,881
down €8,881 (-79.1%), from €11,223 to €2,343
- Trade debts -€5,924
down €5,924 (-26.0%), from €22,798 to €16,874
- Profit (loss) carried forward -€4,350
down €4,350 (-42.3%), from -€10,278 to -€14,628
- Current portion of long-term debt -€933
no longer reported in 2025 (was €933)
- Other debts -€499
down €499 (-11.1%), from €4,496 to €3,997
- Gross operating margin -€19,247
down €19,247 (-77.3%), from €24,899 to €5,652
- Depreciation -€5,078
down €5,078 (-86.1%), from €5,901 to €822
- Taxes +€646
up €646 (+10.1%), from €6,417 to €7,062
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 | €35,373 | €14,786 | -€20,586 | -58.2% |
| Fixed assets | 21/28 | €4,392 | €3,570 | -€822 | -18.7% |
| Tangible fixed assets | 22/27 | €4,392 | €3,570 | -€822 | -18.7% |
| Furniture and vehicles | 24 | €1,242 | €420 | -€822 | -66.2% |
| Other tangible fixed assets | 26 | €3,150 | €3,150 | = | 0.0% |
| Current assets | 29/58 | €30,980 | €11,216 | -€19,764 | -63.8% |
| Amounts receivable within one year | 40/41 | €3,160 | €215 | -€2,945 | -93.2% |
| Trade receivables | 40 | €3,160 | €215 | -€2,945 | -93.2% |
| Cash at bank and in hand | 54/58 | €27,821 | €11,001 | -€16,820 | -60.5% |
| Total equity and liabilities | 10/49 | €35,373 | €14,786 | -€20,586 | -58.2% |
| Equity | 10/15 | -€4,078 | -€8,428 | -€4,350 | -106.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,278 | -€14,628 | -€4,350 | -42.3% |
| Amounts payable | 17/49 | €39,450 | €23,214 | -€16,237 | -41.2% |
| Amounts payable within one year | 42/48 | €39,450 | €23,214 | -€16,237 | -41.2% |
| Current portion of amounts payable after more than one year | 42 | €933 | - | -€933 | |
| Trade debts | 44 | €22,798 | €16,874 | -€5,924 | -26.0% |
| Suppliers | 440/4 | €22,798 | €16,874 | -€5,924 | -26.0% |
| Taxes, remuneration and social security | 45 | €11,223 | €2,343 | -€8,881 | -79.1% |
| Taxes | 450/3 | €11,223 | €2,343 | -€8,881 | -79.1% |
| Other amounts payable | 47/48 | €4,496 | €3,997 | -€499 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,901 | €822 | -€5,078 | -86.1% |
| Other operating charges | 640/8 | €1,456 | €1,659 | +€203 | +13.9% |
| Gross operating margin | 9900 | €24,899 | €5,652 | -€19,247 | -77.3% |
| Operating profit (loss) | 9901 | €17,543 | €3,171 | -€14,372 | -81.9% |
| Financial charges | 65/66B | €284 | €458 | +€174 | +61.2% |
| Recurring financial charges | 65 | €284 | €458 | +€174 | +61.2% |
| Profit (loss) for the period before taxes | 9903 | €17,258 | €2,713 | -€14,546 | -84.3% |
| Income taxes | 67/77 | €6,417 | €7,062 | +€646 | +10.1% |
| Profit (loss) for the period | 9904 | €10,842 | -€4,350 | -€15,191 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,842 | -€4,350 | -€15,191 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.