NEXD: 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.
NEXD
Largest movements
- Tangible fixed assets -€3,912
down €3,912 (-21.2%), from €18,435 to €14,523
of which Furniture and vehicles: -€3,491
- Cash -€2,051
down €2,051 (-46.7%), from €4,394 to €2,343
mainly Debts after one year (-€6,703) and Investment in fixed assets (net) (-€2,107)
- Debts after one year -€6,703
down €6,703 (-45.9%), from €14,606 to €7,903
- Reserves +€1,007
up €1,007 (+8.3%), from €12,112 to €13,118
- Tax, wage and social debts +€974
up €974 (+106.4%), from €915 to €1,888
of which Remuneration and social security: +€1,650
- Other debts -€972
no longer reported in 2025 (was €972)
- Trade debts -€540
down €540 (-67.5%), from €800 to €260
- Gross operating margin -€3,484
down €3,484 (-27.7%), from €12,578 to €9,093
- Financial income +€361
up €361 (+83.2%), from €434 to €795
- Taxes -€360
down €360 (-18.7%), from €1,929 to €1,569
- Financial charges -€183
down €183 (-27.6%), from €662 to €479
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 | €38,043 | €31,873 | -€6,170 | -16.2% |
| Fixed assets | 21/28 | €18,435 | €14,523 | -€3,912 | -21.2% |
| Tangible fixed assets | 22/27 | €18,435 | €14,523 | -€3,912 | -21.2% |
| Plant, machinery and equipment | 23 | €1,481 | €1,061 | -€421 | -28.4% |
| Furniture and vehicles | 24 | €16,954 | €13,463 | -€3,491 | -20.6% |
| Current assets | 29/58 | €19,608 | €17,349 | -€2,259 | -11.5% |
| Amounts receivable within one year | 40/41 | €15,177 | €14,976 | -€202 | -1.3% |
| Trade receivables | 40 | €390 | - | -€390 | |
| Other amounts receivable | 41 | €14,788 | €14,976 | +€188 | +1.3% |
| Cash at bank and in hand | 54/58 | €4,394 | €2,343 | -€2,051 | -46.7% |
| Deferred charges and accrued income | 490/1 | €37 | €31 | -€6 | -15.2% |
| Total equity and liabilities | 10/49 | €38,043 | €31,873 | -€6,170 | -16.2% |
| Equity | 10/15 | €14,112 | €15,118 | +€1,007 | +7.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €12,112 | €13,118 | +€1,007 | +8.3% |
| Distributable reserves | 133 | €12,112 | €13,118 | +€1,007 | +8.3% |
| Amounts payable | 17/49 | €23,931 | €16,754 | -€7,177 | -30.0% |
| Amounts payable after more than one year | 17 | €14,606 | €7,903 | -€6,703 | -45.9% |
| Financial debts | 170/4 | €14,606 | €7,903 | -€6,703 | -45.9% |
| Amounts payable within one year | 42/48 | €9,325 | €8,851 | -€474 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €6,638 | €6,703 | +€65 | +1.0% |
| Trade debts | 44 | €800 | €260 | -€540 | -67.5% |
| Suppliers | 440/4 | €800 | €260 | -€540 | -67.5% |
| Taxes, remuneration and social security | 45 | €915 | €1,888 | +€974 | +106.4% |
| Taxes | 450/3 | €915 | €238 | -€676 | -74.0% |
| Remuneration and social security | 454/9 | - | €1,650 | +€1,650 | |
| Other amounts payable | 47/48 | €972 | - | -€972 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,918 | €6,019 | +€101 | +1.7% |
| Other operating charges | 640/8 | €861 | €815 | -€46 | -5.3% |
| Gross operating margin | 9900 | €12,578 | €9,093 | -€3,484 | -27.7% |
| Operating profit (loss) | 9901 | €5,799 | €2,260 | -€3,540 | -61.0% |
| Financial income | 75/76B | €434 | €795 | +€361 | +83.2% |
| Recurring financial income | 75 | €434 | €795 | +€361 | +83.2% |
| Financial charges | 65/66B | €662 | €479 | -€183 | -27.6% |
| Recurring financial charges | 65 | €662 | €479 | -€183 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €5,571 | €2,575 | -€2,996 | -53.8% |
| Income taxes | 67/77 | €1,929 | €1,569 | -€360 | -18.7% |
| Profit (loss) for the period | 9904 | €3,642 | €1,007 | -€2,635 | -72.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,642 | €1,007 | -€2,635 | -72.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.