NexT Invest: 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 Invest
Largest movements
- Financial fixed assets +€5.4m
up €5.4m (+77.6%), from €7.0m to €12.4m
- Receivables within one year -€3.1m
down €3.1m (-89.6%), from €3.4m to €355,930
of which Other amounts receivable: -€3.1m
- Current investments -€657,835
down €657,835 (-10.9%), from €6.0m to €5.4m
- Deferred charges and accrued income -€637,896
down €637,896 (-97.8%), from €652,324 to €14,428
- Tangible fixed assets -€242,239
down €242,239 (-6.3%), from €3.8m to €3.6m
of which Leasing and similar rights: -€186,247
- Reserves +€1.3m
up €1.3m (+12.8%), from €10.3m to €11.6m
- Accrued charges and deferred income -€267,162
down €267,162 (-85.7%), from €311,718 to €44,556
- Financial income -€3.8m
down €3.8m (-61.7%), from €6.1m to €2.3m
of which Non-recurring financial income: -€4.6m
- Financial charges -€597,741
down €597,741 (-40.5%), from €1.5m to €877,100
- Gross operating margin +€229,743
up €229,743 (+60.2%), from €381,634 to €611,377
- Other operating charges -€65,021
down €65,021 (-86.5%), from €75,194 to €10,173
- Depreciation +€27,832
up €27,832 (+4.2%), from €667,634 to €695,466
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 | €21,991,260 | €23,005,300 | +€1.0m | +4.6% |
| Fixed assets | 21/28 | €10,848,359 | €16,034,902 | +€5.2m | +47.8% |
| Tangible fixed assets | 22/27 | €3,848,624 | €3,606,385 | -€242,239 | -6.3% |
| Plant, machinery and equipment | 23 | €2,678,916 | €2,622,924 | -€55,992 | -2.1% |
| Leasing and similar rights | 25 | €1,169,707 | €983,461 | -€186,247 | -15.9% |
| Financial fixed assets | 28 | €6,999,735 | €12,428,518 | +€5.4m | +77.6% |
| Current assets | 29/58 | €11,142,902 | €6,970,398 | -€4.2m | -37.4% |
| Amounts receivable after more than one year | 29 | €401,259 | €406,236 | +€4,977 | +1.2% |
| Other amounts receivable | 291 | €401,259 | €406,236 | +€4,977 | +1.2% |
| Amounts receivable within one year | 40/41 | €3,410,589 | €355,930 | -€3.1m | -89.6% |
| Trade receivables | 40 | €93,479 | €146,460 | +€52,981 | +56.7% |
| Other amounts receivable | 41 | €3,317,111 | €209,470 | -€3.1m | -93.7% |
| Current investments | 50/53 | €6,049,408 | €5,391,573 | -€657,835 | -10.9% |
| Cash at bank and in hand | 54/58 | €629,321 | €802,230 | +€172,909 | +27.5% |
| Deferred charges and accrued income | 490/1 | €652,324 | €14,428 | -€637,896 | -97.8% |
| Total equity and liabilities | 10/49 | €21,991,260 | €23,005,300 | +€1.0m | +4.6% |
| Equity | 10/15 | €15,314,487 | €16,638,230 | +€1.3m | +8.6% |
| Contributions | 10/11 | €5,000,000 | €5,000,000 | = | 0.0% |
| Reserves | 13 | €10,314,487 | €11,638,230 | +€1.3m | +12.8% |
| Distributable reserves | 133 | €10,314,487 | €11,638,230 | +€1.3m | +12.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €6,676,773 | €6,367,071 | -€309,702 | -4.6% |
| Amounts payable after more than one year | 17 | €4,420,020 | €4,206,618 | -€213,402 | -4.8% |
| Financial debts | 170/4 | €4,420,020 | €4,206,618 | -€213,402 | -4.8% |
| Amounts payable within one year | 42/48 | €1,945,035 | €2,115,896 | +€170,861 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €613,309 | €680,561 | +€67,252 | +11.0% |
| Trade debts | 44 | €57,975 | €39,638 | -€18,336 | -31.6% |
| Suppliers | 440/4 | €57,975 | €39,638 | -€18,336 | -31.6% |
| Taxes, remuneration and social security | 45 | €17,495 | €22,798 | +€5,303 | +30.3% |
| Taxes | 450/3 | €17,495 | €22,798 | +€5,303 | +30.3% |
| Other amounts payable | 47/48 | €1,256,257 | €1,372,900 | +€116,643 | +9.3% |
| Accrued charges and deferred income | 492/3 | €311,718 | €44,556 | -€267,162 | -85.7% |
| Non-recurring operating income | 76A | €6,728 | €20,907 | +€14,179 | +211% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €667,634 | €695,466 | +€27,832 | +4.2% |
| Other operating charges | 640/8 | €75,194 | €10,173 | -€65,021 | -86.5% |
| Non-recurring operating charges | 66A | €1,711,229 | €0 | -€1.7m | -100% |
| Gross operating margin | 9900 | €381,634 | €611,377 | +€229,743 | +60.2% |
| Operating profit (loss) | 9901 | -€2,072,423 | -€94,262 | +€2.0m | +95.5% |
| Financial income | 75/76B | €6,123,510 | €2,346,712 | -€3.8m | -61.7% |
| Recurring financial income | 75 | €1,544,047 | €2,341,926 | +€797,879 | +51.7% |
| Non-recurring financial income | 76B | €4,579,463 | €4,785 | -€4.6m | -99.9% |
| Financial charges | 65/66B | €1,474,841 | €877,100 | -€597,741 | -40.5% |
| Recurring financial charges | 65 | €1,474,841 | €877,100 | -€597,741 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €2,576,246 | €1,375,349 | -€1.2m | -46.6% |
| Income taxes | 67/77 | €51,421 | €51,607 | +€186 | +0.4% |
| Profit (loss) for the period | 9904 | €2,524,825 | €1,323,742 | -€1.2m | -47.6% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €2,524,825 | €1,323,742 | -€1.2m | -47.6% |
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 24 October 2026 via checked.be.