Next Management: 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 Management
Largest movements
- Tangible fixed assets -€112,170
down €112,170 (-68.6%), from €163,417 to €51,247
of which Land and buildings: -€97,112
- Cash +€54,998
up €54,998 (+1439.4%), from €3,821 to €58,819
mainly Net result for the year (+€150,960) and Investment in fixed assets (net) (+€93,875)
- Current investments +€45,000
new in 2025: €45,000
- Deferred charges and accrued income -€29,622
down €29,622 (-91.7%), from €32,315 to €2,693
- Receivables within one year -€14,053
down €14,053 (-26.3%), from €53,412 to €39,359
of which Other amounts receivable: -€12,788
- Debts after one year -€184,201
down €184,201 (-91.7%), from €200,969 to €16,768
- Reserves +€135,000
up €135,000 (+72.8%), from €185,376 to €320,376
of which Distributable reserves: +€135,000
- Current portion of long-term debt -€25,486
down €25,486 (-62.5%), from €40,754 to €15,268
- Other debts +€9,000
up €9,000 (+150.0%), from €6,000 to €15,000
- Tax, wage and social debts +€7,176
up €7,176 (+141.6%), from €5,069 to €12,245
of which Taxes: +€11,576
- Gross operating margin +€190,046
up €190,046 (+306.2%), from €62,069 to €252,115
- Taxes +€58,635
up €58,635 (+1126.9%), from €5,203 to €63,838
- Staff costs -€16,796
down €16,796 (-68.9%), from €24,383 to €7,587
- Financial charges -€4,945
down €4,945 (-35.9%), from €13,793 to €8,848
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 | €492,965 | €437,118 | -€55,847 | -11.3% |
| Fixed assets | 21/28 | €163,417 | €51,247 | -€112,170 | -68.6% |
| Tangible fixed assets | 22/27 | €163,417 | €51,247 | -€112,170 | -68.6% |
| Land and buildings | 22 | €122,930 | €25,818 | -€97,112 | -79.0% |
| Furniture and vehicles | 24 | €40,487 | €25,429 | -€15,058 | -37.2% |
| Current assets | 29/58 | €329,548 | €385,871 | +€56,323 | +17.1% |
| Amounts receivable after more than one year | 29 | €240,000 | €240,000 | = | 0.0% |
| Other amounts receivable | 291 | €240,000 | €240,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €53,412 | €39,359 | -€14,053 | -26.3% |
| Trade receivables | 40 | €5,628 | €4,363 | -€1,265 | -22.5% |
| Other amounts receivable | 41 | €47,784 | €34,996 | -€12,788 | -26.8% |
| Current investments | 50/53 | - | €45,000 | +€45,000 | |
| Cash at bank and in hand | 54/58 | €3,821 | €58,819 | +€54,998 | +1439.4% |
| Deferred charges and accrued income | 490/1 | €32,315 | €2,693 | -€29,622 | -91.7% |
| Total equity and liabilities | 10/49 | €492,965 | €437,118 | -€55,847 | -11.3% |
| Equity | 10/15 | €225,772 | €361,732 | +€135,960 | +60.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €185,376 | €320,376 | +€135,000 | +72.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,217 | €33,217 | = | 0.0% |
| Distributable reserves | 133 | €150,300 | €285,300 | +€135,000 | +89.8% |
| Profit (loss) carried forward | 14 | €21,804 | €22,764 | +€960 | +4.4% |
| Amounts payable | 17/49 | €267,193 | €75,386 | -€191,807 | -71.8% |
| Amounts payable after more than one year | 17 | €200,969 | €16,768 | -€184,201 | -91.7% |
| Financial debts | 170/4 | €200,969 | €16,768 | -€184,201 | -91.7% |
| Amounts payable within one year | 42/48 | €62,435 | €54,593 | -€7,842 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €40,754 | €15,268 | -€25,486 | -62.5% |
| Financial debts | 43 | €3,739 | €103 | -€3,636 | -97.2% |
| Credit institutions | 430/8 | €3,739 | €103 | -€3,636 | -97.2% |
| Trade debts | 44 | €6,873 | €11,977 | +€5,104 | +74.3% |
| Suppliers | 440/4 | €6,873 | €11,977 | +€5,104 | +74.3% |
| Taxes, remuneration and social security | 45 | €5,069 | €12,245 | +€7,176 | +141.6% |
| Taxes | 450/3 | €669 | €12,245 | +€11,576 | +1730.3% |
| Remuneration and social security | 454/9 | €4,400 | - | -€4,400 | |
| Other amounts payable | 47/48 | €6,000 | €15,000 | +€9,000 | +150.0% |
| Accrued charges and deferred income | 492/3 | €3,789 | €4,025 | +€236 | +6.2% |
| Non-recurring operating income | 76A | €269 | - | -€269 | |
| Remuneration, social security and pensions | 62 | €24,383 | €7,587 | -€16,796 | -68.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,486 | €18,295 | -€2,191 | -10.7% |
| Other operating charges | 640/8 | €3,586 | €2,820 | -€766 | -21.4% |
| Gross operating margin | 9900 | €62,069 | €252,115 | +€190,046 | +306.2% |
| Operating profit (loss) | 9901 | €13,614 | €223,413 | +€209,799 | +1541.1% |
| Financial income | 75/76B | €188 | €233 | +€45 | +23.9% |
| Recurring financial income | 75 | €188 | €233 | +€45 | +23.9% |
| Financial charges | 65/66B | €13,793 | €8,848 | -€4,945 | -35.9% |
| Recurring financial charges | 65 | €13,793 | €8,848 | -€4,945 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €9 | €214,798 | +€214,789 | +2386544.4% |
| Income taxes | 67/77 | €5,203 | €63,838 | +€58,635 | +1126.9% |
| Profit (loss) for the period | 9904 | -€5,194 | €150,960 | +€156,154 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,194 | €150,960 | +€156,154 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.