NEXT BUSINESS: 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.
NEXT BUSINESS
Largest movements
- Cash +€13,201
up €13,201 (+2,246%), from €588 to €13,789
mainly Other debts (+€13,794) and Trade debts (+€12,311)
- Tax, wage and social debts -€20,913
down €20,913 (-79.0%), from €26,483 to €5,570
- Other debts +€13,794
new in 2025: €13,794
- Trade debts +€12,311
up €12,311 (+338%), from €3,640 to €15,950
- Profit (loss) carried forward +€12,159
up €12,159 (+3.6%), from €342,207 to €354,366
- Gross operating margin -€10,002
down €10,002 (-22.3%), from €44,826 to €34,823
- Taxes -€2,214
down €2,214 (-23.0%), from €9,624 to €7,410
- Financial charges +€1,170
up €1,170 (+25.8%), from €4,530 to €5,700
of which Non-recurring financial charges: +€2,300
- Financial income +€579
new in 2025: €579
- Depreciation +€563
up €563 (+6.6%), from €8,480 to €9,043
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.
Derived cash bridge
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 | €998,521 | €1,015,872 | +€17,351 | +1.7% |
| Fixed assets | 21/28 | €840,068 | €840,736 | +€668 | +0.1% |
| Intangible fixed assets | 21 | €10,643 | €8,843 | -€1,800 | -16.9% |
| Tangible fixed assets | 22/27 | €27,023 | €31,791 | +€4,768 | +17.6% |
| Furniture and vehicles | 24 | €7,579 | €13,989 | +€6,410 | +84.6% |
| Other tangible fixed assets | 26 | €19,444 | €17,802 | -€1,643 | -8.4% |
| Financial fixed assets | 28 | €802,403 | €800,103 | -€2,300 | -0.3% |
| Current assets | 29/58 | €158,453 | €175,136 | +€16,683 | +10.5% |
| Amounts receivable within one year | 40/41 | €150,244 | €153,677 | +€3,433 | +2.3% |
| Trade receivables | 40 | €12,962 | €23,283 | +€10,320 | +79.6% |
| Other amounts receivable | 41 | €137,281 | €130,394 | -€6,887 | -5.0% |
| Current investments | 50/53 | €7,200 | €7,200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €588 | €13,789 | +€13,201 | +2,246% |
| Deferred charges and accrued income | 490/1 | €421 | €470 | +€49 | +11.6% |
| Total equity and liabilities | 10/49 | €998,521 | €1,015,872 | +€17,351 | +1.7% |
| Equity | 10/15 | €968,398 | €980,557 | +€12,159 | +1.3% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €502,191 | €502,191 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Distributable reserves | 133 | €489,791 | €489,791 | = | 0.0% |
| Profit (loss) carried forward | 14 | €342,207 | €354,366 | +€12,159 | +3.6% |
| Amounts payable | 17/49 | €30,123 | €35,315 | +€5,192 | +17.2% |
| Amounts payable within one year | 42/48 | €30,123 | €35,315 | +€5,192 | +17.2% |
| Trade debts | 44 | €3,640 | €15,950 | +€12,311 | +338% |
| Suppliers | 440/4 | €3,640 | €15,950 | +€12,311 | +338% |
| Taxes, remuneration and social security | 45 | €26,483 | €5,570 | -€20,913 | -79.0% |
| Taxes | 450/3 | €26,483 | €5,570 | -€20,913 | -79.0% |
| Other amounts payable | 47/48 | - | €13,794 | +€13,794 | |
| Non-recurring operating income | 76A | €19,835 | - | -€19,835 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,480 | €9,043 | +€563 | +6.6% |
| Other operating charges | 640/8 | €1,121 | €1,091 | -€30 | -2.7% |
| Gross operating margin | 9900 | €44,826 | €34,823 | -€10,002 | -22.3% |
| Operating profit (loss) | 9901 | €35,225 | €24,689 | -€10,535 | -29.9% |
| Financial income | 75/76B | - | €579 | +€579 | |
| Recurring financial income | 75 | - | €579 | +€579 | |
| Financial charges | 65/66B | €4,530 | €5,700 | +€1,170 | +25.8% |
| Recurring financial charges | 65 | €4,530 | €3,400 | -€1,130 | -25.0% |
| Non-recurring financial charges | 66B | - | €2,300 | +€2,300 | |
| Profit (loss) for the period before taxes | 9903 | €30,695 | €19,569 | -€11,126 | -36.2% |
| Income taxes | 67/77 | €9,624 | €7,410 | -€2,214 | -23.0% |
| Profit (loss) for the period | 9904 | €21,071 | €12,159 | -€8,912 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,071 | €12,159 | -€8,912 | -42.3% |
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 20 October 2026 via checked.be.