NEXCODE: 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.
NEXCODE
Largest movements
- Cash +€19,337
up €19,337 (+22.9%), from €84,611 to €103,948
mainly Net result for the year (+€33,495) and Depreciation (+€3,506)
- Profit (loss) carried forward +€33,495
up €33,495 (+37.3%), from €89,745 to €123,240
- Tax, wage and social debts -€13,847
down €13,847 (-59.7%), from €23,201 to €9,354
- Trade debts -€1,793
down €1,793 (-72.3%), from €2,482 to €688
- Other debts +€1,697
up €1,697 (+295.6%), from €574 to €2,271
- Depreciation -€1,648
down €1,648 (-32.0%), from €5,154 to €3,506
- Gross operating margin +€1,641
up €1,641 (+3.5%), from €46,566 to €48,207
- Other operating charges +€804
up €804 (+242.0%), from €332 to €1,137
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 | €121,002 | €140,553 | +€19,551 | +16.2% |
| Fixed assets | 21/28 | €5,888 | €6,545 | +€657 | +11.2% |
| Tangible fixed assets | 22/27 | €5,888 | €6,545 | +€657 | +11.2% |
| Furniture and vehicles | 24 | €2,586 | €3,575 | +€989 | +38.3% |
| Other tangible fixed assets | 26 | €3,302 | €2,970 | -€332 | -10.1% |
| Current assets | 29/58 | €115,114 | €134,008 | +€18,894 | +16.4% |
| Amounts receivable within one year | 40/41 | €29,040 | €28,711 | -€329 | -1.1% |
| Trade receivables | 40 | €29,040 | €28,290 | -€750 | -2.6% |
| Other amounts receivable | 41 | - | €421 | +€421 | |
| Cash at bank and in hand | 54/58 | €84,611 | €103,948 | +€19,337 | +22.9% |
| Deferred charges and accrued income | 490/1 | €1,463 | €1,349 | -€114 | -7.8% |
| Total equity and liabilities | 10/49 | €121,002 | €140,553 | +€19,551 | +16.2% |
| Equity | 10/15 | €94,745 | €128,240 | +€33,495 | +35.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,745 | €123,240 | +€33,495 | +37.3% |
| Amounts payable | 17/49 | €26,257 | €12,314 | -€13,943 | -53.1% |
| Amounts payable within one year | 42/48 | €26,257 | €12,314 | -€13,943 | -53.1% |
| Trade debts | 44 | €2,482 | €688 | -€1,793 | -72.3% |
| Suppliers | 440/4 | €2,482 | €688 | -€1,793 | -72.3% |
| Taxes, remuneration and social security | 45 | €23,201 | €9,354 | -€13,847 | -59.7% |
| Taxes | 450/3 | €23,201 | €9,354 | -€13,847 | -59.7% |
| Other amounts payable | 47/48 | €574 | €2,271 | +€1,697 | +295.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,154 | €3,506 | -€1,648 | -32.0% |
| Other operating charges | 640/8 | €332 | €1,137 | +€804 | +242.0% |
| Gross operating margin | 9900 | €46,566 | €48,207 | +€1,641 | +3.5% |
| Operating profit (loss) | 9901 | €41,079 | €43,564 | +€2,485 | +6.0% |
| Financial income | 75/76B | €1 | €15 | +€14 | +1081.7% |
| Recurring financial income | 75 | €1 | €15 | +€14 | +1081.7% |
| Financial charges | 65/66B | €264 | €320 | +€57 | +21.4% |
| Recurring financial charges | 65 | €264 | €320 | +€57 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €40,817 | €43,259 | +€2,442 | +6.0% |
| Income taxes | 67/77 | €9,354 | €9,765 | +€410 | +4.4% |
| Profit (loss) for the period | 9904 | €31,462 | €33,495 | +€2,032 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,462 | €33,495 | +€2,032 | +6.5% |
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 12 October 2026 via checked.be.