NEXIM: 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.
NEXIM
Largest movements
- Stocks and contracts +€28,645
up €28,645 (+29.7%), from €96,345 to €124,991
- Tangible fixed assets -€27,977
down €27,977 (-5.2%), from €540,097 to €512,120
of which Land and buildings: -€22,718
- Short-term financial debts +€149,629
up €149,629 (+11664.3%), from €1,283 to €150,912
- Debts after one year -€41,858
down €41,858 (-10.5%), from €400,102 to €358,244
- Other debts -€41,086
down €41,086 (-100.0%), from €41,086 to €0
- Profit (loss) carried forward -€27,281
down €27,281 (-61.7%), from -€44,251 to -€71,532
- Current portion of long-term debt -€15,610
down €15,610 (-27.2%), from €57,468 to €41,858
- Gross operating margin +€14,393
up €14,393 (+52.6%), from €27,358 to €41,751
- Taxes -€2,927
down €2,927 (-92.3%), from €3,170 to €243
- Financial charges +€1,070
up €1,070 (+3.2%), from €33,609 to €34,679
- Depreciation -€865
down €865 (-3.0%), from €28,842 to €27,977
- Other operating charges +€521
up €521 (+9.2%), from €5,668 to €6,188
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 | €686,499 | €690,008 | +€3,509 | +0.5% |
| Fixed assets | 21/28 | €548,267 | €522,856 | -€25,411 | -4.6% |
| Tangible fixed assets | 22/27 | €540,097 | €512,120 | -€27,977 | -5.2% |
| Land and buildings | 22 | €532,949 | €510,230 | -€22,718 | -4.3% |
| Plant, machinery and equipment | 23 | €1,775 | €970 | -€805 | -45.3% |
| Furniture and vehicles | 24 | €5,373 | €919 | -€4,454 | -82.9% |
| Financial fixed assets | 28 | €8,170 | €10,737 | +€2,567 | +31.4% |
| Current assets | 29/58 | €138,233 | €167,152 | +€28,919 | +20.9% |
| Stocks and contracts in progress | 3 | €96,345 | €124,991 | +€28,645 | +29.7% |
| Stocks | 30/36 | €96,345 | €124,991 | +€28,645 | +29.7% |
| Amounts receivable within one year | 40/41 | €36,139 | €37,282 | +€1,143 | +3.2% |
| Trade receivables | 40 | €29,583 | €29,513 | -€70 | -0.2% |
| Other amounts receivable | 41 | €6,556 | €7,769 | +€1,213 | +18.5% |
| Cash at bank and in hand | 54/58 | €4,376 | €1,298 | -€3,077 | -70.3% |
| Deferred charges and accrued income | 490/1 | €1,373 | €3,581 | +€2,208 | +160.8% |
| Total equity and liabilities | 10/49 | €686,499 | €690,008 | +€3,509 | +0.5% |
| Equity | 10/15 | -€33,142 | -€60,423 | -€27,281 | -82.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,908 | €4,908 | = | 0.0% |
| Distributable reserves | 133 | €4,908 | €4,908 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,251 | -€71,532 | -€27,281 | -61.7% |
| Amounts payable | 17/49 | €719,642 | €750,431 | +€30,789 | +4.3% |
| Amounts payable after more than one year | 17 | €400,102 | €358,244 | -€41,858 | -10.5% |
| Financial debts | 170/4 | €400,102 | €358,244 | -€41,858 | -10.5% |
| Amounts payable within one year | 42/48 | €313,040 | €391,300 | +€78,260 | +25.0% |
| Current portion of amounts payable after more than one year | 42 | €57,468 | €41,858 | -€15,610 | -27.2% |
| Financial debts | 43 | €1,283 | €150,912 | +€149,629 | +11664.3% |
| Credit institutions | 430/8 | €1,283 | €150,912 | +€149,629 | +11664.3% |
| Trade debts | 44 | €164,782 | €160,830 | -€3,952 | -2.4% |
| Suppliers | 440/4 | €164,782 | €160,830 | -€3,952 | -2.4% |
| Advances received on contracts in progress | 46 | €1,048 | €464 | -€585 | -55.8% |
| Taxes, remuneration and social security | 45 | €47,373 | €37,236 | -€10,136 | -21.4% |
| Taxes | 450/3 | €47,373 | €37,236 | -€10,136 | -21.4% |
| Other amounts payable | 47/48 | €41,086 | €0 | -€41,086 | -100.0% |
| Accrued charges and deferred income | 492/3 | €6,500 | €887 | -€5,613 | -86.3% |
| Non-recurring operating income | 76A | €6,965 | €4,218 | -€2,748 | -39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,842 | €27,977 | -€865 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €360 | €0 | -€360 | -100.0% |
| Other operating charges | 640/8 | €5,668 | €6,188 | +€521 | +9.2% |
| Gross operating margin | 9900 | €27,358 | €41,751 | +€14,393 | +52.6% |
| Operating profit (loss) | 9901 | -€7,512 | €7,585 | +€15,097 | |
| Financial income | 75/76B | €40 | €56 | +€17 | +41.6% |
| Recurring financial income | 75 | €40 | €56 | +€17 | +41.6% |
| Financial charges | 65/66B | €33,609 | €34,679 | +€1,070 | +3.2% |
| Recurring financial charges | 65 | €33,609 | €34,679 | +€1,070 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | -€41,081 | -€27,037 | +€14,043 | +34.2% |
| Income taxes | 67/77 | €3,170 | €243 | -€2,927 | -92.3% |
| Profit (loss) for the period | 9904 | -€44,251 | -€27,281 | +€16,970 | +38.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,251 | -€27,281 | +€16,970 | +38.3% |
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.