Next-10: 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.
Next-10
Largest movements
- Tangible fixed assets -€108,028
down €108,028 (-81.4%), from €132,790 to €24,762
of which Furniture and vehicles: -€116,735
- Cash +€75,202
up €75,202 (+185.0%), from €40,650 to €115,852
mainly Other debts (+€220,000) and Investment in fixed assets (net) (+€100,024)
- Receivables within one year -€23,129
down €23,129 (-29.8%), from €77,726 to €54,597
of which Trade receivables: -€29,995
- Other debts +€220,000
new in 2025: €220,000
- Profit (loss) carried forward -€161,485
down €161,485 (-79.7%), from €202,699 to €41,214
- Debts after one year -€96,321
no longer reported in 2025 (was €96,321)
- Current portion of long-term debt -€32,802
no longer reported in 2025 (was €32,802)
- Tax, wage and social debts +€13,787
up €13,787 (+95.9%), from €14,384 to €28,171
- Gross operating margin +€71,934
up €71,934 (+63.2%), from €113,908 to €185,842
- Other operating charges +€42,419
up €42,419 (+1796.2%), from €2,362 to €44,780
- Depreciation -€31,380
down €31,380 (-79.7%), from €39,385 to €8,005
- Financial charges +€26,852
up €26,852 (+84.5%), from €31,760 to €58,611
- Taxes +€8,361
up €8,361 (+67.1%), from €12,455 to €20,816
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 | €354,347 | €296,886 | -€57,462 | -16.2% |
| Fixed assets | 21/28 | €132,790 | €24,762 | -€108,028 | -81.4% |
| Tangible fixed assets | 22/27 | €132,790 | €24,762 | -€108,028 | -81.4% |
| Plant, machinery and equipment | 23 | €9,428 | €14,747 | +€5,319 | +56.4% |
| Furniture and vehicles | 24 | €123,362 | €6,628 | -€116,735 | -94.6% |
| Other tangible fixed assets | 26 | - | €3,387 | +€3,387 | |
| Current assets | 29/58 | €221,557 | €272,124 | +€50,567 | +22.8% |
| Amounts receivable within one year | 40/41 | €77,726 | €54,597 | -€23,129 | -29.8% |
| Trade receivables | 40 | €34,667 | €4,672 | -€29,995 | -86.5% |
| Other amounts receivable | 41 | €43,059 | €49,926 | +€6,866 | +15.9% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,650 | €115,852 | +€75,202 | +185.0% |
| Deferred charges and accrued income | 490/1 | €3,181 | €1,674 | -€1,506 | -47.4% |
| Total equity and liabilities | 10/49 | €354,347 | €296,886 | -€57,462 | -16.2% |
| Equity | 10/15 | €207,699 | €46,214 | -€161,485 | -77.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,699 | €41,214 | -€161,485 | -79.7% |
| Amounts payable | 17/49 | €146,648 | €250,672 | +€104,023 | +70.9% |
| Amounts payable after more than one year | 17 | €96,321 | - | -€96,321 | |
| Financial debts | 170/4 | €96,321 | - | -€96,321 | |
| Amounts payable within one year | 42/48 | €50,328 | €250,672 | +€200,344 | +398.1% |
| Current portion of amounts payable after more than one year | 42 | €32,802 | - | -€32,802 | |
| Trade debts | 44 | €3,142 | €2,501 | -€641 | -20.4% |
| Suppliers | 440/4 | €3,142 | €2,501 | -€641 | -20.4% |
| Taxes, remuneration and social security | 45 | €14,384 | €28,171 | +€13,787 | +95.9% |
| Taxes | 450/3 | €14,384 | €28,171 | +€13,787 | +95.9% |
| Other amounts payable | 47/48 | - | €220,000 | +€220,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,385 | €8,005 | -€31,380 | -79.7% |
| Other operating charges | 640/8 | €2,362 | €44,780 | +€42,419 | +1796.2% |
| Gross operating margin | 9900 | €113,908 | €185,842 | +€71,934 | +63.2% |
| Operating profit (loss) | 9901 | €72,162 | €133,057 | +€60,895 | +84.4% |
| Financial income | 75/76B | €1,723 | €4,885 | +€3,162 | +183.5% |
| Recurring financial income | 75 | €1,723 | €4,885 | +€3,162 | +183.5% |
| Financial charges | 65/66B | €31,760 | €58,611 | +€26,852 | +84.5% |
| Recurring financial charges | 65 | €31,760 | €58,611 | +€26,852 | +84.5% |
| Profit (loss) for the period before taxes | 9903 | €42,126 | €79,331 | +€37,205 | +88.3% |
| Income taxes | 67/77 | €12,455 | €20,816 | +€8,361 | +67.1% |
| Profit (loss) for the period | 9904 | €29,671 | €58,515 | +€28,845 | +97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,671 | €58,515 | +€28,845 | +97.2% |
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 1 October 2026 via checked.be.