NEXT DREAM: 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 DREAM
Largest movements
- Receivables within one year -€37,540
down €37,540 (-29.6%), from €126,990 to €89,450
of which Trade receivables: -€43,274
- Stocks and contracts -€34,523
down €34,523 (-31.8%), from €108,603 to €74,080
- Tangible fixed assets -€18,092
down €18,092 (-5.1%), from €351,890 to €333,798
of which Other tangible fixed assets: -€9,156
- Cash +€13,801
up €13,801 (+34.5%), from €39,980 to €53,781
mainly Receivables within one year (+€37,540) and Stocks and contracts (+€34,523)
- Trade debts -€80,253
down €80,253 (-52.4%), from €153,058 to €72,805
- Debts after one year -€33,293
down €33,293 (-16.1%), from €207,100 to €173,807
- Reserves +€20,562
up €20,562 (+16.1%), from €127,890 to €148,452
- Current portion of long-term debt +€15,290
up €15,290 (+71.7%), from €21,311 to €36,601
- Staff costs -€30,430
down €30,430 (-17.2%), from €176,987 to €146,556
- Other operating charges +€15,294
up €15,294 (+47.6%), from €32,105 to €47,399
- Taxes +€7,848
up €7,848 (+205%), from €3,825 to €11,673
- Depreciation +€5,687
up €5,687 (+31.0%), from €18,319 to €24,007
- Financial income +€3,777
up €3,777 (+336%), from €1,124 to €4,901
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 | €629,601 | €554,409 | -€75,193 | -11.9% |
| Fixed assets | 21/28 | €354,028 | €337,098 | -€16,931 | -4.8% |
| Intangible fixed assets | 21 | €639 | €0 | -€639 | -100% |
| Tangible fixed assets | 22/27 | €351,890 | €333,798 | -€18,092 | -5.1% |
| Land and buildings | 22 | €220,740 | €213,065 | -€7,674 | -3.5% |
| Plant, machinery and equipment | 23 | €6,170 | €4,909 | -€1,261 | -20.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €124,980 | €115,824 | -€9,156 | -7.3% |
| Financial fixed assets | 28 | €1,500 | €3,300 | +€1,800 | +120% |
| Current assets | 29/58 | €275,573 | €217,311 | -€58,262 | -21.1% |
| Stocks and contracts in progress | 3 | €108,603 | €74,080 | -€34,523 | -31.8% |
| Stocks | 30/36 | €108,603 | €74,080 | -€34,523 | -31.8% |
| Amounts receivable within one year | 40/41 | €126,990 | €89,450 | -€37,540 | -29.6% |
| Trade receivables | 40 | €121,162 | €77,887 | -€43,274 | -35.7% |
| Other amounts receivable | 41 | €5,828 | €11,562 | +€5,734 | +98.4% |
| Cash at bank and in hand | 54/58 | €39,980 | €53,781 | +€13,801 | +34.5% |
| Total equity and liabilities | 10/49 | €629,601 | €554,409 | -€75,193 | -11.9% |
| Equity | 10/15 | €127,890 | €148,452 | +€20,562 | +16.1% |
| Reserves | 13 | €127,890 | €148,452 | +€20,562 | +16.1% |
| Distributable reserves | 133 | €127,890 | €148,452 | +€20,562 | +16.1% |
| Amounts payable | 17/49 | €501,711 | €405,956 | -€95,755 | -19.1% |
| Amounts payable after more than one year | 17 | €207,100 | €173,807 | -€33,293 | -16.1% |
| Financial debts | 170/4 | €207,100 | €173,807 | -€33,293 | -16.1% |
| Amounts payable within one year | 42/48 | €294,612 | €232,149 | -€62,462 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €21,311 | €36,601 | +€15,290 | +71.7% |
| Financial debts | 43 | €1,559 | €1,146 | -€413 | -26.5% |
| Credit institutions | 430/8 | €1,559 | €1,146 | -€413 | -26.5% |
| Trade debts | 44 | €153,058 | €72,805 | -€80,253 | -52.4% |
| Suppliers | 440/4 | €153,058 | €72,805 | -€80,253 | -52.4% |
| Taxes, remuneration and social security | 45 | €28,551 | €26,822 | -€1,729 | -6.1% |
| Taxes | 450/3 | €7,718 | €9,954 | +€2,236 | +29.0% |
| Remuneration and social security | 454/9 | €20,833 | €16,868 | -€3,965 | -19.0% |
| Other amounts payable | 47/48 | €90,133 | €94,775 | +€4,642 | +5.1% |
| Remuneration, social security and pensions | 62 | €176,987 | €146,556 | -€30,430 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,319 | €24,007 | +€5,687 | +31.0% |
| Other operating charges | 640/8 | €32,105 | €47,399 | +€15,294 | +47.6% |
| Gross operating margin | 9900 | €257,419 | €260,155 | +€2,735 | +1.1% |
| Operating profit (loss) | 9901 | €30,009 | €42,193 | +€12,184 | +40.6% |
| Financial income | 75/76B | €1,124 | €4,901 | +€3,777 | +336% |
| Recurring financial income | 75 | €1,124 | €4,901 | +€3,777 | +336% |
| Financial charges | 65/66B | €13,885 | €14,858 | +€973 | +7.0% |
| Recurring financial charges | 65 | €13,885 | €14,858 | +€973 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €17,248 | €32,235 | +€14,988 | +86.9% |
| Income taxes | 67/77 | €3,825 | €11,673 | +€7,848 | +205% |
| Profit (loss) for the period | 9904 | €13,423 | €20,562 | +€7,140 | +53.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,423 | €20,562 | +€7,140 | +53.2% |
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 22 October 2026 via checked.be.