NEXT IMMO: 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 IMMO
Largest movements
- Tangible fixed assets -€17,859
down €17,859 (-4.6%), from €391,423 to €373,565
of which Land and buildings: -€17,041
- Cash -€4,246
down €4,246 (-93.6%), from €4,536 to €290
mainly Debts after one year (-€38,728) and Current portion of long-term debt (-€1,089)
- Debts after one year -€38,728
down €38,728 (-22.2%), from €174,130 to €135,402
- Other debts +€11,100
up €11,100 (+8.1%), from €136,763 to €147,863
- Profit (loss) carried forward +€4,582
up €4,582 (+21.2%), from €21,608 to €26,190
- Financial charges -€1,268
down €1,268 (-22.0%), from €5,752 to €4,484
- Gross operating margin +€1,133
up €1,133 (+3.8%), from €29,730 to €30,862
- Taxes +€745
up €745 (+80.8%), from €923 to €1,668
- Other operating charges -€392
down €392 (-14.7%), from €2,661 to €2,269
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 | €395,959 | €373,854 | -€22,105 | -5.6% |
| Fixed assets | 21/28 | €391,423 | €373,565 | -€17,859 | -4.6% |
| Tangible fixed assets | 22/27 | €391,423 | €373,565 | -€17,859 | -4.6% |
| Land and buildings | 22 | €389,787 | €372,746 | -€17,041 | -4.4% |
| Other tangible fixed assets | 26 | €1,636 | €818 | -€818 | -50.0% |
| Current assets | 29/58 | €4,536 | €290 | -€4,246 | -93.6% |
| Cash at bank and in hand | 54/58 | €4,536 | €290 | -€4,246 | -93.6% |
| Total equity and liabilities | 10/49 | €395,959 | €373,854 | -€22,105 | -5.6% |
| Equity | 10/15 | €41,526 | €46,108 | +€4,582 | +11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,318 | €1,318 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,318 | €1,318 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,318 | €1,318 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,608 | €26,190 | +€4,582 | +21.2% |
| Amounts payable | 17/49 | €354,433 | €327,746 | -€26,687 | -7.5% |
| Amounts payable after more than one year | 17 | €174,130 | €135,402 | -€38,728 | -22.2% |
| Financial debts | 170/4 | €174,130 | €135,402 | -€38,728 | -22.2% |
| Amounts payable within one year | 42/48 | €180,303 | €192,344 | +€12,041 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €40,917 | €39,828 | -€1,089 | -2.7% |
| Trade debts | 44 | €80 | €442 | +€362 | +453.0% |
| Suppliers | 440/4 | €80 | €442 | +€362 | +453.0% |
| Taxes, remuneration and social security | 45 | €2,543 | €4,211 | +€1,668 | +65.6% |
| Taxes | 450/3 | €2,543 | €4,211 | +€1,668 | +65.6% |
| Other amounts payable | 47/48 | €136,763 | €147,863 | +€11,100 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,859 | €17,859 | = | 0.0% |
| Other operating charges | 640/8 | €2,661 | €2,269 | -€392 | -14.7% |
| Gross operating margin | 9900 | €29,730 | €30,862 | +€1,133 | +3.8% |
| Operating profit (loss) | 9901 | €9,210 | €10,734 | +€1,525 | +16.6% |
| Financial charges | 65/66B | €5,752 | €4,484 | -€1,268 | -22.0% |
| Recurring financial charges | 65 | €5,752 | €4,484 | -€1,268 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €3,458 | €6,250 | +€2,792 | +80.8% |
| Income taxes | 67/77 | €923 | €1,668 | +€745 | +80.8% |
| Profit (loss) for the period | 9904 | €2,535 | €4,582 | +€2,047 | +80.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,535 | €4,582 | +€2,047 | +80.8% |
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 2 October 2026 via checked.be.