Nexfin: 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.
Nexfin
Largest movements
- Financial fixed assets -€90,792
down €90,792 (-100%), from €90,792 to €0
- Cash +€57,969
up €57,969 (+452%), from €12,839 to €70,808
mainly Investment in fixed assets (net) (+€88,199) and Net result for the year (+€81,761)
- Intangible fixed assets -€53,000
down €53,000 (-22.7%), from €233,938 to €180,938
- Receivables within one year +€21,363
up €21,363 (+45.2%), from €47,305 to €68,668
of which Trade receivables: +€19,475
- Debts after one year -€105,463
down €105,463 (-77.1%), from €136,778 to €31,315
- Other debts +€26,000
up €26,000 (+47.3%), from €55,000 to €81,000
- Trade debts +€24,352
up €24,352 (+325%), from €7,486 to €31,838
- Current portion of long-term debt -€9,600
down €9,600 (-11.2%), from €85,682 to €76,082
- Financial income +€99,208
new in 2025: €99,208
- Gross operating margin -€43,567
down €43,567 (-24.6%), from €177,300 to €133,732
- Staff costs +€31,631
up €31,631 (+54.4%), from €58,103 to €89,733
- Taxes -€1,888
down €1,888 (-96.1%), from €1,964 to €76
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 | €387,018 | €323,266 | -€63,752 | -16.5% |
| Fixed assets | 21/28 | €326,475 | €183,472 | -€143,002 | -43.8% |
| Intangible fixed assets | 21 | €233,938 | €180,938 | -€53,000 | -22.7% |
| Tangible fixed assets | 22/27 | €1,745 | €2,535 | +€790 | +45.3% |
| Furniture and vehicles | 24 | €1,745 | €2,535 | +€790 | +45.3% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €90,792 | €0 | -€90,792 | -100% |
| Current assets | 29/58 | €60,544 | €139,793 | +€79,250 | +131% |
| Amounts receivable within one year | 40/41 | €47,305 | €68,668 | +€21,363 | +45.2% |
| Trade receivables | 40 | €47,269 | €66,744 | +€19,475 | +41.2% |
| Other amounts receivable | 41 | €36 | €1,924 | +€1,888 | +5,262% |
| Cash at bank and in hand | 54/58 | €12,839 | €70,808 | +€57,969 | +452% |
| Deferred charges and accrued income | 490/1 | €399 | €317 | -€82 | -20.5% |
| Total equity and liabilities | 10/49 | €387,018 | €323,266 | -€63,752 | -16.5% |
| Equity | 10/15 | €94,894 | €95,655 | +€761 | +0.8% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €4,894 | €5,655 | +€761 | +15.5% |
| Distributable reserves | 133 | €4,894 | €5,655 | +€761 | +15.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €292,124 | €227,611 | -€64,513 | -22.1% |
| Amounts payable after more than one year | 17 | €136,778 | €31,315 | -€105,463 | -77.1% |
| Financial debts | 170/4 | €136,778 | €31,315 | -€105,463 | -77.1% |
| Amounts payable within one year | 42/48 | €152,926 | €196,296 | +€43,370 | +28.4% |
| Current portion of amounts payable after more than one year | 42 | €85,682 | €76,082 | -€9,600 | -11.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €7,486 | €31,838 | +€24,352 | +325% |
| Suppliers | 440/4 | €7,486 | €31,838 | +€24,352 | +325% |
| Taxes, remuneration and social security | 45 | €4,758 | €7,376 | +€2,618 | +55.0% |
| Remuneration and social security | 454/9 | €4,758 | €7,376 | +€2,618 | +55.0% |
| Other amounts payable | 47/48 | €55,000 | €81,000 | +€26,000 | +47.3% |
| Accrued charges and deferred income | 492/3 | €2,420 | €0 | -€2,420 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €58,103 | €89,733 | +€31,631 | +54.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,017 | €54,803 | -€1,214 | -2.2% |
| Other operating charges | 640/8 | €638 | €654 | +€16 | +2.5% |
| Gross operating margin | 9900 | €177,300 | €133,732 | -€43,567 | -24.6% |
| Operating profit (loss) | 9901 | €62,542 | -€11,458 | -€74,000 | |
| Financial income | 75/76B | - | €99,208 | +€99,208 | |
| Recurring financial income | 75 | - | €99,208 | +€99,208 | |
| Financial charges | 65/66B | €5,125 | €5,914 | +€789 | +15.4% |
| Recurring financial charges | 65 | €5,125 | €5,914 | +€789 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €57,417 | €81,837 | +€24,420 | +42.5% |
| Income taxes | 67/77 | €1,964 | €76 | -€1,888 | -96.1% |
| Profit (loss) for the period | 9904 | €55,453 | €81,761 | +€26,308 | +47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €55,453 | €81,761 | +€26,308 | +47.4% |
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 19 October 2026 via checked.be.