NEXT LEVEL VASTGOED: 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 VASTGOED
Largest movements
- Tangible fixed assets -€15,437
down €15,437 (-4.9%), from €313,834 to €298,396
- Receivables within one year +€7,803
up €7,803 (+26.9%), from €29,062 to €36,865
of which Trade receivables: +€7,803
- Debts after one year -€20,668
down €20,668 (-7.0%), from €294,492 to €273,824
- Reserves +€9,481
up €9,481 (+102%), from €9,306 to €18,787
- Tax, wage and social debts +€4,733
new in 2025: €4,733
- Gross operating margin +€2,409
up €2,409 (+6.0%), from €39,957 to €42,366
- Taxes +€1,156
up €1,156 (+32.3%), from €3,578 to €4,733
- Financial charges -€619
down €619 (-5.9%), from €10,586 to €9,967
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 | €344,431 | €338,370 | -€6,061 | -1.8% |
| Fixed assets | 21/28 | €313,834 | €298,396 | -€15,437 | -4.9% |
| Tangible fixed assets | 22/27 | €313,834 | €298,396 | -€15,437 | -4.9% |
| Land and buildings | 22 | €313,834 | €298,396 | -€15,437 | -4.9% |
| Current assets | 29/58 | €30,597 | €39,973 | +€9,376 | +30.6% |
| Amounts receivable within one year | 40/41 | €29,062 | €36,865 | +€7,803 | +26.9% |
| Trade receivables | 40 | €27,640 | €35,443 | +€7,803 | +28.2% |
| Other amounts receivable | 41 | €1,422 | €1,422 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,407 | €2,980 | +€1,573 | +112% |
| Deferred charges and accrued income | 490/1 | €128 | €128 | = | 0.0% |
| Total equity and liabilities | 10/49 | €344,431 | €338,370 | -€6,061 | -1.8% |
| Equity | 10/15 | €27,906 | €37,387 | +€9,481 | +34.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,306 | €18,787 | +€9,481 | +102% |
| Distributable reserves | 133 | €9,306 | €18,787 | +€9,481 | +102% |
| Amounts payable | 17/49 | €316,525 | €300,983 | -€15,542 | -4.9% |
| Amounts payable after more than one year | 17 | €294,492 | €273,824 | -€20,668 | -7.0% |
| Financial debts | 170/4 | €294,492 | €273,824 | -€20,668 | -7.0% |
| Amounts payable within one year | 42/48 | €22,033 | €27,160 | +€5,126 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €20,024 | €20,668 | +€645 | +3.2% |
| Trade debts | 44 | €1,278 | €1,547 | +€269 | +21.0% |
| Suppliers | 440/4 | €1,278 | €1,547 | +€269 | +21.0% |
| Taxes, remuneration and social security | 45 | - | €4,733 | +€4,733 | |
| Taxes | 450/3 | - | €4,733 | +€4,733 | |
| Other amounts payable | 47/48 | €732 | €211 | -€520 | -71.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,439 | €15,437 | -€2 | 0.0% |
| Other operating charges | 640/8 | €2,660 | €2,747 | +€87 | +3.3% |
| Gross operating margin | 9900 | €39,957 | €42,366 | +€2,409 | +6.0% |
| Operating profit (loss) | 9901 | €21,857 | €24,181 | +€2,324 | +10.6% |
| Financial charges | 65/66B | €10,586 | €9,967 | -€619 | -5.9% |
| Recurring financial charges | 65 | €10,586 | €9,967 | -€619 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €11,271 | €14,214 | +€2,943 | +26.1% |
| Income taxes | 67/77 | €3,578 | €4,733 | +€1,156 | +32.3% |
| Profit (loss) for the period | 9904 | €7,693 | €9,481 | +€1,787 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,693 | €9,481 | +€1,787 | +23.2% |
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 19 October 2026 via checked.be.