NEXT UPS SYSTEMS: 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 UPS SYSTEMS
NACE 46.500, Wholesale of information and communication equipment
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€21,508
2024 · €301,128-€279,620
Equity
€735,758
2024 · €1.1m-€398,492
Cash
€6,872
2024 · €25,752-€18,880
Balance sheet total
€1.9m
2024 · €2.6m-€687,367
Largest movements
Assets
- Receivables within one year -€520,754
down €520,754 (-34.5%), from €1.5m to €986,990
of which Trade receivables: -€382,222
- Stocks and contracts -€113,394
down €113,394 (-23.5%), from €481,944 to €368,550
Equity and liabilities
- Reserves -€398,492
down €398,492 (-35.7%), from €1.1m to €717,158
of which Distributable reserves: -€398,492
- Trade debts -€192,018
down €192,018 (-62.8%), from €305,841 to €113,823
- Tax, wage and social debts -€149,572
down €149,572 (-58.7%), from €254,819 to €105,247
of which Taxes: -€103,687
- Current portion of long-term debt +€91,908
up €91,908 (+114.6%), from €80,168 to €172,076
- Debts after one year -€84,041
down €84,041 (-28.5%), from €294,388 to €210,346
Income statement
- Gross operating margin -€457,200
down €457,200 (-51.2%), from €892,866 to €435,667
- Taxes -€113,365
down €113,365 (-73.9%), from €153,365 to €40,000
- Other operating charges -€29,757
down €29,757 (-74.2%), from €40,102 to €10,345
- Staff costs -€21,927
down €21,927 (-7.1%), from €307,100 to €285,174
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
€301,128
Gross operating margin
-€457,200
Staff costs
+€21,927
Depreciation
+€2,127
Write-downs
+€3,923
Other operating charges
+€29,757
Other operating items
+€18
Financial income
-€21
Financial charges
+€6,483
Taxes
+€113,365
Result 2025
€21,508
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
+€362,471
Investment
-€22,529
Financing
-€358,823
Cash 2024
€25,752
From operations (derived)
+€362,471
Net result for the year
+€21,508
Depreciation
+€41,832
Stocks and contracts
+€113,394
Receivables within one year
+€520,754
Deferred charges and accrued income
+€15,036
Trade debts
-€192,018
Tax, wage and social debts
-€149,572
Other debts
-€859
Accrued charges and deferred income
-€7,604
Investment (derived)
-€22,529
Investment in fixed assets (net)
-€22,529
Financing
-€358,823
Debts after one year
-€84,041
Current portion of long-term debt
+€91,908
Short-term financial debts
+€53,311
Contributions, distributions and other
-€420,000
Cash 2025
€6,872
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,612,978 | €1,925,611 | -€687,367 | -26.3% |
| Fixed assets | 21/28 | €411,400 | €392,096 | -€19,303 | -4.7% |
| Intangible fixed assets | 21 | €9,206 | €4,581 | -€4,625 | -50.2% |
| Tangible fixed assets | 22/27 | €402,194 | €387,515 | -€14,679 | -3.6% |
| Land and buildings | 22 | €366,681 | €347,957 | -€18,723 | -5.1% |
| Plant, machinery and equipment | 23 | €1,991 | €9,047 | +€7,056 | +354.4% |
| Furniture and vehicles | 24 | €33,522 | €30,511 | -€3,011 | -9.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €2,201,578 | €1,533,514 | -€668,064 | -30.3% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €481,944 | €368,550 | -€113,394 | -23.5% |
| Stocks | 30/36 | €481,944 | €368,550 | -€113,394 | -23.5% |
| Amounts receivable within one year | 40/41 | €1,507,744 | €986,990 | -€520,754 | -34.5% |
| Trade receivables | 40 | €516,015 | €133,793 | -€382,222 | -74.1% |
| Other amounts receivable | 41 | €991,729 | €853,197 | -€138,532 | -14.0% |
| Cash at bank and in hand | 54/58 | €25,752 | €6,872 | -€18,880 | -73.3% |
| Deferred charges and accrued income | 490/1 | €86,138 | €71,102 | -€15,036 | -17.5% |
| Total equity and liabilities | 10/49 | €2,612,978 | €1,925,611 | -€687,367 | -26.3% |
| Equity | 10/15 | €1,134,250 | €735,758 | -€398,492 | -35.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,115,650 | €717,158 | -€398,492 | -35.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,113,790 | €715,298 | -€398,492 | -35.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,478,728 | €1,189,853 | -€288,875 | -19.5% |
| Amounts payable after more than one year | 17 | €294,388 | €210,346 | -€84,041 | -28.5% |
| Financial debts | 170/4 | €294,388 | €210,346 | -€84,041 | -28.5% |
| Amounts payable within one year | 42/48 | €1,168,736 | €971,506 | -€197,230 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €80,168 | €172,076 | +€91,908 | +114.6% |
| Financial debts | 43 | €527,050 | €580,361 | +€53,311 | +10.1% |
| Credit institutions | 430/8 | €527,050 | €580,361 | +€53,311 | +10.1% |
| Trade debts | 44 | €305,841 | €113,823 | -€192,018 | -62.8% |
| Suppliers | 440/4 | €305,841 | €113,823 | -€192,018 | -62.8% |
| Taxes, remuneration and social security | 45 | €254,819 | €105,247 | -€149,572 | -58.7% |
| Taxes | 450/3 | €186,448 | €82,761 | -€103,687 | -55.6% |
| Remuneration and social security | 454/9 | €68,370 | €22,486 | -€45,884 | -67.1% |
| Other amounts payable | 47/48 | €859 | €0 | -€859 | -100.0% |
| Accrued charges and deferred income | 492/3 | €15,604 | €8,000 | -€7,604 | -48.7% |
| Non-recurring operating income | 76A | €69,136 | €0 | -€69,136 | -100.0% |
| Remuneration, social security and pensions | 62 | €307,100 | €285,174 | -€21,927 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,959 | €41,832 | -€2,127 | -4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,660 | €1,736 | -€3,923 | -69.3% |
| Other operating charges | 640/8 | €40,102 | €10,345 | -€29,757 | -74.2% |
| Non-recurring operating charges | 66A | €18 | €0 | -€18 | -100.0% |
| Gross operating margin | 9900 | €892,866 | €435,667 | -€457,200 | -51.2% |
| Operating profit (loss) | 9901 | €496,027 | €96,580 | -€399,448 | -80.5% |
| Financial income | 75/76B | €33,421 | €33,400 | -€21 | -0.1% |
| Recurring financial income | 75 | €33,421 | €33,400 | -€21 | -0.1% |
| Financial charges | 65/66B | €74,955 | €68,472 | -€6,483 | -8.6% |
| Recurring financial charges | 65 | €74,955 | €68,472 | -€6,483 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €454,494 | €61,508 | -€392,986 | -86.5% |
| Income taxes | 67/77 | €153,365 | €40,000 | -€113,365 | -73.9% |
| Profit (loss) for the period | 9904 | €301,128 | €21,508 | -€279,620 | -92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €301,128 | €21,508 | -€279,620 | -92.9% |
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 9 October 2026 via checked.be.