NEXO: 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.
NEXO
Largest movements
- Tangible fixed assets +€866,593
up €866,593 (+171.3%), from €505,923 to €1.4m
of which Land and buildings: +€865,161
- Stocks and contracts -€647,672
no longer reported in 2025 (was €647,672)
- Other debts +€417,364
up €417,364 (+54.1%), from €771,633 to €1.2m
- Debts after one year -€108,645
no longer reported in 2025 (was €108,645)
- Profit (loss) carried forward -€41,505
down €41,505 (-21.0%), from €197,808 to €156,303
- Tax, wage and social debts -€23,436
down €23,436 (-96.1%), from €24,388 to €952
of which Remuneration and social security: -€24,247
- Current portion of long-term debt -€21,486
down €21,486 (-37.9%), from €56,659 to €35,173
- Other operating charges +€54,498
up €54,498 (+565.6%), from €9,635 to €64,132
- Gross operating margin +€39,987
up €39,987 (+65.0%), from €61,541 to €101,528
- Financial charges -€29,106
down €29,106 (-94.6%), from €30,779 to €1,673
- Depreciation +€25,876
up €25,876 (+50.6%), from €51,152 to €77,028
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 | €1,191,987 | €1,420,029 | +€228,043 | +19.1% |
| Fixed assets | 21/28 | €506,171 | €1,372,764 | +€866,593 | +171.2% |
| Tangible fixed assets | 22/27 | €505,923 | €1,372,516 | +€866,593 | +171.3% |
| Land and buildings | 22 | €505,923 | €1,371,085 | +€865,161 | +171.0% |
| Furniture and vehicles | 24 | - | €1,431 | +€1,431 | |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €685,816 | €47,266 | -€638,550 | -93.1% |
| Stocks and contracts in progress | 3 | €647,672 | - | -€647,672 | |
| Stocks | 30/36 | €647,672 | - | -€647,672 | |
| Amounts receivable within one year | 40/41 | €8,240 | €9,492 | +€1,252 | +15.2% |
| Trade receivables | 40 | €4,439 | €4,874 | +€435 | +9.8% |
| Other amounts receivable | 41 | €3,801 | €4,618 | +€817 | +21.5% |
| Cash at bank and in hand | 54/58 | €26,102 | €33,972 | +€7,870 | +30.2% |
| Deferred charges and accrued income | 490/1 | €3,801 | €3,801 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,191,987 | €1,420,029 | +€228,043 | +19.1% |
| Equity | 10/15 | €218,268 | €176,763 | -€41,505 | -19.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €197,808 | €156,303 | -€41,505 | -21.0% |
| Amounts payable | 17/49 | €973,718 | €1,243,266 | +€269,548 | +27.7% |
| Amounts payable after more than one year | 17 | €108,645 | - | -€108,645 | |
| Financial debts | 170/4 | €108,645 | - | -€108,645 | |
| Amounts payable within one year | 42/48 | €865,073 | €1,243,266 | +€378,193 | +43.7% |
| Current portion of amounts payable after more than one year | 42 | €56,659 | €35,173 | -€21,486 | -37.9% |
| Trade debts | 44 | €12,393 | €18,144 | +€5,751 | +46.4% |
| Suppliers | 440/4 | €12,393 | €18,144 | +€5,751 | +46.4% |
| Taxes, remuneration and social security | 45 | €24,388 | €952 | -€23,436 | -96.1% |
| Taxes | 450/3 | €141 | €952 | +€811 | +575.0% |
| Remuneration and social security | 454/9 | €24,247 | - | -€24,247 | |
| Other amounts payable | 47/48 | €771,633 | €1,188,997 | +€417,364 | +54.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,152 | €77,028 | +€25,876 | +50.6% |
| Other operating charges | 640/8 | €9,635 | €64,132 | +€54,498 | +565.6% |
| Gross operating margin | 9900 | €61,541 | €101,528 | +€39,987 | +65.0% |
| Operating profit (loss) | 9901 | €754 | -€39,633 | -€40,387 | |
| Financial income | 75/76B | €166 | - | -€166 | |
| Recurring financial income | 75 | €166 | - | -€166 | |
| Financial charges | 65/66B | €30,779 | €1,673 | -€29,106 | -94.6% |
| Recurring financial charges | 65 | €30,779 | €1,673 | -€29,106 | -94.6% |
| Profit (loss) for the period before taxes | 9903 | -€29,859 | -€41,305 | -€11,446 | -38.3% |
| Income taxes | 67/77 | €191 | €200 | +€9 | +4.6% |
| Profit (loss) for the period | 9904 | -€30,050 | -€41,505 | -€11,455 | -38.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,050 | -€41,505 | -€11,455 | -38.1% |
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 1 October 2026 via checked.be.