Nextar: 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.
Nextar
Largest movements
- Receivables within one year -€119,159
down €119,159 (-53.9%), from €221,230 to €102,070
of which Other amounts receivable: -€68,290
- Current investments -€25,000
no longer reported in 2025 (was €25,000)
- Deferred charges and accrued income +€17,013
up €17,013 (+189.0%), from €9,001 to €26,014
- Cash -€8,437
down €8,437 (-4.3%), from €197,828 to €189,392
mainly Accrued charges and deferred income (-€83,646) and Contributions, distributions and other (-€75,357)
- Accrued charges and deferred income -€83,646
down €83,646 (-35.7%), from €234,579 to €150,933
- Reserves -€46,747
down €46,747 (-26.5%), from €176,629 to €129,882
- Other debts -€4,895
no longer reported in 2025 (was €4,895)
- Gross operating margin -€45,274
down €45,274 (-34.5%), from €131,399 to €86,125
- Taxes -€13,417
down €13,417 (-54.4%), from €24,680 to €11,263
- Financial income -€1,406
down €1,406 (-44.7%), from €3,144 to €1,738
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 | €467,532 | €328,952 | -€138,580 | -29.6% |
| Fixed assets | 21/28 | €14,473 | €11,476 | -€2,997 | -20.7% |
| Tangible fixed assets | 22/27 | €14,473 | €11,476 | -€2,997 | -20.7% |
| Plant, machinery and equipment | 23 | €9,114 | - | -€9,114 | |
| Furniture and vehicles | 24 | €5,359 | €11,476 | +€6,117 | +114.1% |
| Current assets | 29/58 | €453,059 | €317,476 | -€135,583 | -29.9% |
| Amounts receivable within one year | 40/41 | €221,230 | €102,070 | -€119,159 | -53.9% |
| Trade receivables | 40 | €121,627 | €70,758 | -€50,869 | -41.8% |
| Other amounts receivable | 41 | €99,603 | €31,313 | -€68,290 | -68.6% |
| Current investments | 50/53 | €25,000 | - | -€25,000 | |
| Cash at bank and in hand | 54/58 | €197,828 | €189,392 | -€8,437 | -4.3% |
| Deferred charges and accrued income | 490/1 | €9,001 | €26,014 | +€17,013 | +189.0% |
| Total equity and liabilities | 10/49 | €467,532 | €328,952 | -€138,580 | -29.6% |
| Equity | 10/15 | €176,629 | €129,882 | -€46,747 | -26.5% |
| Reserves | 13 | €176,629 | €129,882 | -€46,747 | -26.5% |
| Distributable reserves | 133 | €176,629 | €129,882 | -€46,747 | -26.5% |
| Amounts payable | 17/49 | €290,902 | €199,070 | -€91,833 | -31.6% |
| Amounts payable within one year | 42/48 | €56,324 | €48,137 | -€8,187 | -14.5% |
| Financial debts | 43 | - | €90 | +€90 | |
| Credit institutions | 430/8 | - | €90 | +€90 | |
| Trade debts | 44 | €49,363 | €47,047 | -€2,316 | -4.7% |
| Suppliers | 440/4 | €49,363 | €47,047 | -€2,316 | -4.7% |
| Taxes, remuneration and social security | 45 | €2,066 | €1,000 | -€1,066 | -51.6% |
| Taxes | 450/3 | €2,066 | €1,000 | -€1,066 | -51.6% |
| Other amounts payable | 47/48 | €4,895 | - | -€4,895 | |
| Accrued charges and deferred income | 492/3 | €234,579 | €150,933 | -€83,646 | -35.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,967 | €10,792 | -€175 | -1.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €2,452 | +€2,452 | |
| Gross operating margin | 9900 | €131,399 | €86,125 | -€45,274 | -34.5% |
| Operating profit (loss) | 9901 | €120,045 | €72,482 | -€47,563 | -39.6% |
| Financial income | 75/76B | €3,144 | €1,738 | -€1,406 | -44.7% |
| Recurring financial income | 75 | €3,144 | €1,738 | -€1,406 | -44.7% |
| Financial charges | 65/66B | €35,006 | €34,346 | -€660 | -1.9% |
| Recurring financial charges | 65 | €35,006 | €34,346 | -€660 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €88,183 | €39,874 | -€48,309 | -54.8% |
| Income taxes | 67/77 | €24,680 | €11,263 | -€13,417 | -54.4% |
| Profit (loss) for the period | 9904 | €63,503 | €28,610 | -€34,893 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,503 | €28,610 | -€34,893 | -54.9% |
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.