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.
NEXT LEVEL
Largest movements
- Receivables within one year -€106,560
down €106,560 (-42.1%), from €253,013 to €146,454
of which Trade receivables: -€107,426
- Cash +€47,684
up €47,684 (+33.3%), from €143,056 to €190,740
mainly Receivables within one year (+€106,560) and Deferred charges and accrued income (+€44,307)
- Deferred charges and accrued income -€44,307
down €44,307 (-88.7%), from €49,932 to €5,624
- Tangible fixed assets -€17,757
down €17,757 (-24.9%), from €71,429 to €53,671
of which Furniture and vehicles: -€17,391
- Other debts -€54,454
down €54,454 (-100%), from €54,454 to €0
- Accrued charges and deferred income -€18,000
down €18,000 (-100%), from €18,000 to €0
- Tax, wage and social debts -€16,739
down €16,739 (-27.3%), from €61,217 to €44,478
- Debts after one year -€15,764
down €15,764 (-43.4%), from €36,357 to €20,593
- Profit (loss) carried forward -€13,851
down €13,851 (-30.3%), from -€45,737 to -€59,588
- Gross operating margin +€30,127
up €30,127, from -€19,445 to €10,682
- Depreciation +€2,834
up €2,834 (+19.0%), from €14,923 to €17,757
- Financial charges -€2,824
down €2,824 (-28.6%), from €9,862 to €7,038
- Financial income +€1,986
up €1,986 (+353%), from €562 to €2,548
- Other operating charges +€235
up €235 (+13.7%), from €1,721 to €1,957
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 | €517,430 | €396,489 | -€120,941 | -23.4% |
| Fixed assets | 21/28 | €71,429 | €53,671 | -€17,757 | -24.9% |
| Tangible fixed assets | 22/27 | €71,429 | €53,671 | -€17,757 | -24.9% |
| Plant, machinery and equipment | 23 | €919 | €553 | -€366 | -39.8% |
| Furniture and vehicles | 24 | €70,509 | €53,118 | -€17,391 | -24.7% |
| Current assets | 29/58 | €446,002 | €342,818 | -€103,184 | -23.1% |
| Amounts receivable within one year | 40/41 | €253,013 | €146,454 | -€106,560 | -42.1% |
| Trade receivables | 40 | €216,744 | €109,318 | -€107,426 | -49.6% |
| Other amounts receivable | 41 | €36,269 | €37,135 | +€866 | +2.4% |
| Cash at bank and in hand | 54/58 | €143,056 | €190,740 | +€47,684 | +33.3% |
| Deferred charges and accrued income | 490/1 | €49,932 | €5,624 | -€44,307 | -88.7% |
| Total equity and liabilities | 10/49 | €517,430 | €396,489 | -€120,941 | -23.4% |
| Equity | 10/15 | €316,478 | €302,627 | -€13,851 | -4.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €349,815 | €349,815 | = | 0.0% |
| Distributable reserves | 133 | €349,815 | €349,815 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,737 | -€59,588 | -€13,851 | -30.3% |
| Amounts payable | 17/49 | €200,952 | €93,862 | -€107,090 | -53.3% |
| Amounts payable after more than one year | 17 | €36,357 | €20,593 | -€15,764 | -43.4% |
| Financial debts | 170/4 | €36,357 | €20,593 | -€15,764 | -43.4% |
| Amounts payable within one year | 42/48 | €146,595 | €73,269 | -€73,327 | -50.0% |
| Current portion of amounts payable after more than one year | 42 | €15,158 | €15,764 | +€606 | +4.0% |
| Trade debts | 44 | €15,766 | €13,027 | -€2,740 | -17.4% |
| Suppliers | 440/4 | €15,766 | €13,027 | -€2,740 | -17.4% |
| Taxes, remuneration and social security | 45 | €61,217 | €44,478 | -€16,739 | -27.3% |
| Taxes | 450/3 | €61,217 | €44,478 | -€16,739 | -27.3% |
| Other amounts payable | 47/48 | €54,454 | €0 | -€54,454 | -100% |
| Accrued charges and deferred income | 492/3 | €18,000 | €0 | -€18,000 | -100% |
| Non-recurring operating income | 76A | €21,835 | €0 | -€21,835 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,923 | €17,757 | +€2,834 | +19.0% |
| Other operating charges | 640/8 | €1,721 | €1,957 | +€235 | +13.7% |
| Gross operating margin | 9900 | -€19,445 | €10,682 | +€30,127 | |
| Operating profit (loss) | 9901 | -€36,090 | -€9,032 | +€27,057 | +75.0% |
| Financial income | 75/76B | €562 | €2,548 | +€1,986 | +353% |
| Recurring financial income | 75 | €562 | €2,548 | +€1,986 | +353% |
| Financial charges | 65/66B | €9,862 | €7,038 | -€2,824 | -28.6% |
| Recurring financial charges | 65 | €9,862 | €7,038 | -€2,824 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | -€45,389 | -€13,522 | +€31,867 | +70.2% |
| Income taxes | 67/77 | €347 | €329 | -€19 | -5.4% |
| Profit (loss) for the period | 9904 | -€45,737 | -€13,851 | +€31,886 | +69.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,737 | -€13,851 | +€31,886 | +69.7% |
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 13 October 2026 via checked.be.