Next Sourcing: 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 Sourcing
Largest movements
- Cash +€304,551
up €304,551 (+180.8%), from €168,483 to €473,034
mainly Receivables after one year (+€199,061) and Net result for the year (+€143,618)
- Receivables after one year -€199,061
down €199,061 (-99.7%), from €199,561 to €500
- Receivables within one year -€40,866
down €40,866 (-31.6%), from €129,359 to €88,493
of which Trade receivables: -€42,549
- Reserves +€140,000
up €140,000 (+78.9%), from €177,500 to €317,500
- Debts after one year -€44,790
down €44,790 (-23.5%), from €190,481 to €145,691
- Other debts -€39,416
down €39,416 (-45.2%), from €87,259 to €47,843
- Tax, wage and social debts +€13,213
up €13,213 (+123.1%), from €10,731 to €23,944
- Trade debts -€7,629
down €7,629 (-20.4%), from €37,465 to €29,836
- Gross operating margin +€179,534
up €179,534 (+313.7%), from €57,235 to €236,769
- Taxes +€53,213
up €53,213 (+495.9%), from €10,731 to €63,944
- Depreciation +€3,869
up €3,869 (+49.0%), from €7,890 to €11,759
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 | €687,750 | €753,923 | +€66,172 | +9.6% |
| Fixed assets | 21/28 | €187,342 | €190,300 | +€2,958 | +1.6% |
| Tangible fixed assets | 22/27 | €187,169 | €190,127 | +€2,958 | +1.6% |
| Land and buildings | 22 | €184,587 | €178,016 | -€6,571 | -3.6% |
| Plant, machinery and equipment | 23 | €2,582 | €1,057 | -€1,525 | -59.1% |
| Furniture and vehicles | 24 | - | €11,055 | +€11,055 | |
| Financial fixed assets | 28 | €173 | €173 | = | 0.0% |
| Current assets | 29/58 | €500,408 | €563,623 | +€63,214 | +12.6% |
| Amounts receivable after more than one year | 29 | €199,561 | €500 | -€199,061 | -99.7% |
| Trade receivables | 290 | €199,561 | €500 | -€199,061 | -99.7% |
| Amounts receivable within one year | 40/41 | €129,359 | €88,493 | -€40,866 | -31.6% |
| Trade receivables | 40 | €124,734 | €82,185 | -€42,549 | -34.1% |
| Other amounts receivable | 41 | €4,624 | €6,307 | +€1,683 | +36.4% |
| Cash at bank and in hand | 54/58 | €168,483 | €473,034 | +€304,551 | +180.8% |
| Deferred charges and accrued income | 490/1 | €3,006 | €1,596 | -€1,411 | -46.9% |
| Total equity and liabilities | 10/49 | €687,750 | €753,923 | +€66,172 | +9.6% |
| Equity | 10/15 | €188,842 | €332,460 | +€143,618 | +76.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €177,500 | €317,500 | +€140,000 | +78.9% |
| Distributable reserves | 133 | €177,500 | €317,500 | +€140,000 | +78.9% |
| Profit (loss) carried forward | 14 | €6,342 | €9,960 | +€3,618 | +57.1% |
| Amounts payable | 17/49 | €498,909 | €421,463 | -€77,446 | -15.5% |
| Amounts payable after more than one year | 17 | €190,481 | €145,691 | -€44,790 | -23.5% |
| Financial debts | 170/4 | €190,481 | €145,691 | -€44,790 | -23.5% |
| Amounts payable within one year | 42/48 | €303,633 | €271,413 | -€32,220 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €43,178 | €44,790 | +€1,612 | +3.7% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €37,465 | €29,836 | -€7,629 | -20.4% |
| Suppliers | 440/4 | €37,465 | €29,836 | -€7,629 | -20.4% |
| Taxes, remuneration and social security | 45 | €10,731 | €23,944 | +€13,213 | +123.1% |
| Taxes | 450/3 | €10,731 | €23,944 | +€13,213 | +123.1% |
| Other amounts payable | 47/48 | €87,259 | €47,843 | -€39,416 | -45.2% |
| Accrued charges and deferred income | 492/3 | €4,795 | €4,359 | -€436 | -9.1% |
| Non-recurring operating income | 76A | €150 | - | -€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,890 | €11,759 | +€3,869 | +49.0% |
| Other operating charges | 640/8 | €3,675 | €3,007 | -€668 | -18.2% |
| Non-recurring operating charges | 66A | €183 | €73 | -€111 | -60.4% |
| Gross operating margin | 9900 | €57,235 | €236,769 | +€179,534 | +313.7% |
| Operating profit (loss) | 9901 | €45,487 | €221,931 | +€176,444 | +387.9% |
| Financial income | 75/76B | €5,761 | €4,719 | -€1,042 | -18.1% |
| Recurring financial income | 75 | €5,761 | €4,719 | -€1,042 | -18.1% |
| Financial charges | 65/66B | €17,944 | €19,088 | +€1,144 | +6.4% |
| Recurring financial charges | 65 | €17,944 | €19,088 | +€1,144 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €33,304 | €207,563 | +€174,259 | +523.2% |
| Income taxes | 67/77 | €10,731 | €63,944 | +€53,213 | +495.9% |
| Profit (loss) for the period | 9904 | €22,573 | €143,618 | +€121,046 | +536.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,573 | €143,618 | +€121,046 | +536.3% |
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 10 October 2026 via checked.be.