NEXSTEP: 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.
NEXSTEP
Largest movements
- Receivables within one year +€68,466
up €68,466 (+75.5%), from €90,665 to €159,131
of which Other amounts receivable: +€63,447
- Cash -€17,444
down €17,444 (-46.6%), from €37,464 to €20,020
mainly Receivables within one year (-€68,466) and Investment in fixed assets (net) (-€5,983)
- Tangible fixed assets -€2,453
down €2,453 (-8.4%), from €29,143 to €26,690
of which Furniture and vehicles: -€2,229
- Debts after one year +€31,670
up €31,670 (+376.7%), from €8,407 to €40,077
- Reserves +€15,800
up €15,800 (+14.1%), from €111,850 to €127,650
- Other debts -€3,457
down €3,457 (-18.4%), from €18,791 to €15,334
- Gross operating margin -€8,713
down €8,713 (-20.1%), from €43,297 to €34,584
- Taxes -€2,996
down €2,996 (-29.1%), from €10,279 to €7,284
- Depreciation +€2,932
up €2,932 (+53.3%), from €5,505 to €8,436
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 | €161,264 | €208,603 | +€47,340 | +29.4% |
| Fixed assets | 21/28 | €29,143 | €26,690 | -€2,453 | -8.4% |
| Tangible fixed assets | 22/27 | €29,143 | €26,690 | -€2,453 | -8.4% |
| Plant, machinery and equipment | 23 | €1,248 | €987 | -€261 | -20.9% |
| Furniture and vehicles | 24 | €19,109 | €16,880 | -€2,229 | -11.7% |
| Other tangible fixed assets | 26 | €8,786 | €8,822 | +€37 | +0.4% |
| Current assets | 29/58 | €132,121 | €181,913 | +€49,793 | +37.7% |
| Amounts receivable within one year | 40/41 | €90,665 | €159,131 | +€68,466 | +75.5% |
| Trade receivables | 40 | €11,410 | €16,429 | +€5,019 | +44.0% |
| Other amounts receivable | 41 | €79,255 | €142,702 | +€63,447 | +80.1% |
| Cash at bank and in hand | 54/58 | €37,464 | €20,020 | -€17,444 | -46.6% |
| Deferred charges and accrued income | 490/1 | €3,991 | €2,762 | -€1,229 | -30.8% |
| Total equity and liabilities | 10/49 | €161,264 | €208,603 | +€47,340 | +29.4% |
| Equity | 10/15 | €115,338 | €131,189 | +€15,852 | +13.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €111,850 | €127,650 | +€15,800 | +14.1% |
| Distributable reserves | 133 | €111,850 | €127,650 | +€15,800 | +14.1% |
| Profit (loss) carried forward | 14 | €488 | €539 | +€52 | +10.6% |
| Amounts payable | 17/49 | €45,926 | €77,414 | +€31,488 | +68.6% |
| Amounts payable after more than one year | 17 | €8,407 | €40,077 | +€31,670 | +376.7% |
| Financial debts | 170/4 | €8,407 | €40,077 | +€31,670 | +376.7% |
| Amounts payable within one year | 42/48 | €36,124 | €36,129 | +€5 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €6,651 | €8,330 | +€1,680 | +25.3% |
| Trade debts | 44 | €1,545 | €2,884 | +€1,340 | +86.7% |
| Suppliers | 440/4 | €1,545 | €2,884 | +€1,340 | +86.7% |
| Taxes, remuneration and social security | 45 | €9,138 | €9,580 | +€442 | +4.8% |
| Taxes | 450/3 | €7,388 | €7,830 | +€442 | +6.0% |
| Remuneration and social security | 454/9 | €1,750 | €1,750 | = | 0.0% |
| Other amounts payable | 47/48 | €18,791 | €15,334 | -€3,457 | -18.4% |
| Accrued charges and deferred income | 492/3 | €1,395 | €1,208 | -€187 | -13.4% |
| Non-recurring operating income | 76A | €3,736 | - | -€3,736 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,505 | €8,436 | +€2,932 | +53.3% |
| Other operating charges | 640/8 | €766 | €571 | -€195 | -25.4% |
| Gross operating margin | 9900 | €43,297 | €34,584 | -€8,713 | -20.1% |
| Operating profit (loss) | 9901 | €37,026 | €25,576 | -€11,450 | -30.9% |
| Financial charges | 65/66B | €2,225 | €2,441 | +€216 | +9.7% |
| Recurring financial charges | 65 | €2,225 | €2,441 | +€216 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €34,801 | €23,135 | -€11,666 | -33.5% |
| Income taxes | 67/77 | €10,279 | €7,284 | -€2,996 | -29.1% |
| Profit (loss) for the period | 9904 | €24,522 | €15,852 | -€8,670 | -35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,522 | €15,852 | -€8,670 | -35.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.