NEXT ARCH: 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 ARCH
Largest movements
- Financial fixed assets +€2.0m
up €2.0m (+53.0%), from €3.7m to €5.7m
- Receivables within one year -€127,862
down €127,862 (-63.8%), from €200,269 to €72,407
of which Trade receivables: -€144,362
- Profit (loss) carried forward +€2.1m
up €2.1m (+244.1%), from €870,749 to €3.0m
- Debts after one year -€165,165
down €165,165 (-27.2%), from €606,797 to €441,632
- Other debts -€94,851
down €94,851 (-6.8%), from €1.4m to €1.3m
- Financial income +€5.1m
up €5.1m (+2043.9%), from €250,000 to €5.4m
- Financial charges +€3.2m
up €3.2m (+3886.4%), from €82,717 to €3.3m
of which Non-recurring financial charges: +€3.2m
- Gross operating margin -€253,224
down €253,224 (-79.9%), from €317,018 to €63,794
- Taxes -€58,333
down €58,333 (-100.0%), from €58,333 to €0
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 | €3,969,330 | €5,789,417 | +€1.8m | +45.9% |
| Fixed assets | 21/28 | €3,726,000 | €5,700,000 | +€2.0m | +53.0% |
| Financial fixed assets | 28 | €3,726,000 | €5,700,000 | +€2.0m | +53.0% |
| Current assets | 29/58 | €243,330 | €89,417 | -€153,914 | -63.3% |
| Amounts receivable within one year | 40/41 | €200,269 | €72,407 | -€127,862 | -63.8% |
| Trade receivables | 40 | €192,729 | €48,367 | -€144,362 | -74.9% |
| Other amounts receivable | 41 | €7,540 | €24,040 | +€16,500 | +218.8% |
| Cash at bank and in hand | 54/58 | €43,061 | €17,009 | -€26,052 | -60.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,969,330 | €5,789,417 | +€1.8m | +45.9% |
| Equity | 10/15 | €1,594,249 | €3,719,395 | +€2.1m | +133.3% |
| Contributions | 10/11 | €723,500 | €723,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €870,749 | €2,995,895 | +€2.1m | +244.1% |
| Amounts payable | 17/49 | €2,375,081 | €2,070,021 | -€305,060 | -12.8% |
| Amounts payable after more than one year | 17 | €606,797 | €441,632 | -€165,165 | -27.2% |
| Financial debts | 170/4 | €606,797 | €441,632 | -€165,165 | -27.2% |
| Amounts payable within one year | 42/48 | €1,768,284 | €1,628,389 | -€139,894 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €171,944 | €178,646 | +€6,702 | +3.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €112,605 | €91,615 | -€20,990 | -18.6% |
| Suppliers | 440/4 | €112,605 | €91,615 | -€20,990 | -18.6% |
| Taxes, remuneration and social security | 45 | €92,924 | €62,168 | -€30,756 | -33.1% |
| Taxes | 450/3 | €92,924 | €62,168 | -€30,756 | -33.1% |
| Other amounts payable | 47/48 | €1,390,811 | €1,295,960 | -€94,851 | -6.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €968 | €866 | -€101 | -10.5% |
| Gross operating margin | 9900 | €317,018 | €63,794 | -€253,224 | -79.9% |
| Operating profit (loss) | 9901 | €316,050 | €62,928 | -€253,123 | -80.1% |
| Financial income | 75/76B | €250,000 | €5,359,683 | +€5.1m | +2043.9% |
| Recurring financial income | 75 | €250,000 | €5,359,683 | +€5.1m | +2043.9% |
| Financial charges | 65/66B | €82,717 | €3,297,464 | +€3.2m | +3886.4% |
| Recurring financial charges | 65 | €82,717 | €47,701 | -€35,017 | -42.3% |
| Non-recurring financial charges | 66B | - | €3,249,764 | +€3.2m | |
| Profit (loss) for the period before taxes | 9903 | €483,333 | €2,125,146 | +€1.6m | +339.7% |
| Income taxes | 67/77 | €58,333 | €0 | -€58,333 | -100.0% |
| Profit (loss) for the period | 9904 | €425,000 | €2,125,146 | +€1.7m | +400.0% |
| Profit (loss) for the period to be appropriated | 9905 | €425,000 | €2,125,146 | +€1.7m | +400.0% |
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 4 October 2026 via checked.be.