Next Level: 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.
What changed
Next Level
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.9m
2024 · €11.4m-€7.5m
Equity
€78.8m
2024 · €74.9m+€3.9m
Cash
€22,958
2024 · €157,595-€134,637
Balance sheet total
€85.7m
2024 · €85.7m+€48,361
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€4.4m
down €4.4m (-64.5%), from €6.8m to €2.4m
- Profit (loss) carried forward +€3.9m
up €3.9m (+34.7%), from €11.3m to €15.2m
Income statement
- Financial income -€7.9m
down €7.9m (-63.8%), from €12.4m to €4.5m
- Financial charges -€478,824
down €478,824 (-46.1%), from €1.0m to €560,232
- Services and other goods +€28,956
up €28,956 (+8.1%), from €359,224 to €388,180
- Turnover +€16,222
up €16,222 (+4.8%), from €338,857 to €355,079
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.
Result 2024
€11.4m
Turnover
+€16,222
Services and other goods
-€28,956
Other operating charges
-€325
Financial income
-€7.9m
Financial charges
+€478,824
Taxes
-€145
Result 2025
€3.9m
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.
From operations
+€3.9m
Investment
-€200,191
Financing
-€3.9m
Cash 2024
€157,595
From operations (derived)
+€3.9m
Net result for the year
+€3.9m
Receivables within one year
+€17,193
Smaller working-capital items
+€13,480
Investment (derived)
-€200,191
Current investments
-€200,191
Financing
-€3.9m
Debts after one year
-€4.4m
Current portion of long-term debt
+€500,000
Cash 2025
€22,958
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €85,671,120 | €85,719,481 | +€48,361 | +0.1% |
| Fixed assets | 21/28 | €85,458,134 | €85,458,134 | = | 0.0% |
| Financial fixed assets | 28 | €85,458,134 | €85,458,134 | = | 0.0% |
| Affiliated companies | 280/1 | €85,458,134 | €85,458,134 | = | 0.0% |
| Participating interests | 280 | €85,458,134 | €85,458,134 | = | 0.0% |
| Current assets | 29/58 | €212,986 | €261,347 | +€48,361 | +22.7% |
| Amounts receivable within one year | 40/41 | €53,574 | €36,381 | -€17,193 | -32.1% |
| Trade receivables | 40 | €34,649 | €36,381 | +€1,732 | +5.0% |
| Other amounts receivable | 41 | €18,925 | - | -€18,925 | |
| Current investments | 50/53 | - | €200,191 | +€200,191 | |
| Other investments | 51/53 | - | €200,191 | +€200,191 | |
| Cash at bank and in hand | 54/58 | €157,595 | €22,958 | -€134,637 | -85.4% |
| Deferred charges and accrued income | 490/1 | €1,817 | €1,817 | = | 0.0% |
| Total equity and liabilities | 10/49 | €85,671,120 | €85,719,481 | +€48,361 | +0.1% |
| Equity | 10/15 | €74,875,509 | €78,782,767 | +€3.9m | +5.2% |
| Contributions | 10/11 | €63,600,000 | €63,600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,275,509 | €15,182,767 | +€3.9m | +34.7% |
| Amounts payable | 17/49 | €10,795,611 | €6,936,714 | -€3.9m | -35.7% |
| Amounts payable after more than one year | 17 | €6,778,992 | €2,406,615 | -€4.4m | -64.5% |
| Financial debts | 170/4 | €6,778,992 | €2,406,615 | -€4.4m | -64.5% |
| Subordinated loans | 170 | €2,278,992 | €2,406,615 | +€127,624 | +5.6% |
| Credit institutions | 173 | €4,500,000 | - | -€4.5m | |
| Amounts payable within one year | 42/48 | €4,016,619 | €4,530,099 | +€513,480 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €4,000,000 | €4,500,000 | +€500,000 | +12.5% |
| Trade debts | 44 | €14,589 | €23,028 | +€8,439 | +57.8% |
| Suppliers | 440/4 | €14,589 | €23,028 | +€8,439 | +57.8% |
| Taxes, remuneration and social security | 45 | - | €7,072 | +€7,072 | |
| Taxes | 450/3 | - | €7,072 | +€7,072 | |
| Other amounts payable | 47/48 | €2,030 | - | -€2,030 | |
| Operating income | 70/76A | €338,857 | €355,079 | +€16,222 | +4.8% |
| Turnover | 70 | €338,857 | €355,079 | +€16,222 | +4.8% |
| Operating charges | 60/66A | €360,618 | €389,899 | +€29,281 | +8.1% |
| Services and other goods | 61 | €359,224 | €388,180 | +€28,956 | +8.1% |
| Other operating charges | 640/8 | €1,395 | €1,719 | +€325 | +23.3% |
| Operating profit (loss) | 9901 | -€21,761 | -€34,820 | -€13,059 | -60.0% |
| Financial income | 75/76B | €12,423,159 | €4,503,300 | -€7.9m | -63.8% |
| Recurring financial income | 75 | €12,423,159 | €4,503,300 | -€7.9m | -63.8% |
| Income from financial fixed assets | 750 | €12,402,378 | €4,500,000 | -€7.9m | -63.7% |
| Income from current assets | 751 | €12,673 | €3,300 | -€9,372 | -74.0% |
| Other financial income | 752/9 | €8,108 | - | -€8,108 | |
| Financial charges | 65/66B | €1,039,056 | €560,232 | -€478,824 | -46.1% |
| Recurring financial charges | 65 | €1,039,056 | €560,232 | -€478,824 | -46.1% |
| Debt charges | 650 | €1,038,103 | €559,812 | -€478,292 | -46.1% |
| Other financial charges | 652/9 | €953 | €421 | -€532 | -55.8% |
| Profit (loss) for the period before taxes | 9903 | €11,362,341 | €3,908,248 | -€7.5m | -65.6% |
| Income taxes | 67/77 | €845 | €990 | +€145 | +17.2% |
| Taxes | 670/3 | €845 | €990 | +€145 | +17.2% |
| Profit (loss) for the period | 9904 | €11,361,496 | €3,907,258 | -€7.5m | -65.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,361,496 | €3,907,258 | -€7.5m | -65.6% |
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 11 October 2026 via checked.be.