NEXTCAPE: 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.
NEXTCAPE
Largest movements
- Cash -€420,572
down €420,572 (-75.9%), from €553,904 to €133,332
mainly Contributions, distributions and other (-€4.6m) and Current investments (-€340,675)
- Current investments +€340,675
up €340,675 (+5.1%), from €6.6m to €7.0m
- Other debts +€2.3m
up €2.3m (+630.3%), from €360,000 to €2.6m
- Contributions -€1.9m
down €1.9m (-9.6%), from €19.3m to €17.4m
- Reserves -€529,000
down €529,000 (-16.8%), from €3.2m to €2.6m
- Tax, wage and social debts +€289,376
up €289,376 (+208.6%), from €138,696 to €428,072
of which Taxes: +€289,315
- Gross operating margin +€2.1m
up €2.1m (+5414.7%), from €39,001 to €2.2m
- Financial charges +€186,601
up €186,601 (+234.3%), from €79,651 to €266,251
- Taxes +€155,393
up €155,393 (+93.9%), from €165,496 to €320,889
- Financial income -€135,968
down €135,968 (-19.8%), from €687,760 to €551,793
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 | €24,053,502 | €24,060,114 | +€6,613 | 0.0% |
| Fixed assets | 21/28 | €15,953,614 | €16,044,281 | +€90,667 | +0.6% |
| Tangible fixed assets | 22/27 | €262,990 | €320,557 | +€57,567 | +21.9% |
| Land and buildings | 22 | - | €67,519 | +€67,519 | |
| Furniture and vehicles | 24 | €227,927 | €223,422 | -€4,505 | -2.0% |
| Other tangible fixed assets | 26 | €35,062 | €29,616 | -€5,447 | -15.5% |
| Financial fixed assets | 28 | €15,690,624 | €15,723,724 | +€33,100 | +0.2% |
| Current assets | 29/58 | €8,099,888 | €8,015,833 | -€84,055 | -1.0% |
| Amounts receivable within one year | 40/41 | €891,572 | €888,935 | -€2,637 | -0.3% |
| Trade receivables | 40 | €42,145 | €32,675 | -€9,470 | -22.5% |
| Other amounts receivable | 41 | €849,426 | €856,259 | +€6,833 | +0.8% |
| Current investments | 50/53 | €6,616,524 | €6,957,200 | +€340,675 | +5.1% |
| Cash at bank and in hand | 54/58 | €553,904 | €133,332 | -€420,572 | -75.9% |
| Deferred charges and accrued income | 490/1 | €37,888 | €36,367 | -€1,521 | -4.0% |
| Total equity and liabilities | 10/49 | €24,053,502 | €24,060,114 | +€6,613 | 0.0% |
| Equity | 10/15 | €23,514,389 | €20,989,513 | -€2.5m | -10.7% |
| Contributions | 10/11 | €19,258,109 | €17,399,709 | -€1.9m | -9.6% |
| Contributions outside capital | 11 | €19,258,109 | €17,399,709 | -€1.9m | -9.6% |
| Other | 1109/19 | €19,258,109 | €17,399,709 | -€1.9m | -9.6% |
| Reserves | 13 | €3,151,000 | €2,622,000 | -€529,000 | -16.8% |
| Distributable reserves | 133 | €3,151,000 | €2,622,000 | -€529,000 | -16.8% |
| Profit (loss) carried forward | 14 | €1,105,280 | €967,804 | -€137,476 | -12.4% |
| Amounts payable | 17/49 | €539,113 | €3,070,602 | +€2.5m | +469.6% |
| Amounts payable within one year | 42/48 | €523,123 | €3,070,602 | +€2.5m | +487.0% |
| Trade debts | 44 | €24,427 | €13,530 | -€10,898 | -44.6% |
| Suppliers | 440/4 | €24,427 | €13,530 | -€10,898 | -44.6% |
| Taxes, remuneration and social security | 45 | €138,696 | €428,072 | +€289,376 | +208.6% |
| Taxes | 450/3 | €128,000 | €417,315 | +€289,315 | +226.0% |
| Remuneration and social security | 454/9 | €10,696 | €10,757 | +€61 | +0.6% |
| Other amounts payable | 47/48 | €360,000 | €2,629,000 | +€2.3m | +630.3% |
| Accrued charges and deferred income | 492/3 | €15,990 | - | -€15,990 | |
| Non-recurring operating income | 76A | - | €2,164,988 | +€2.2m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,311 | €9,644 | +€1,333 | +16.0% |
| Other operating charges | 640/8 | €11,215 | €1,683 | -€9,532 | -85.0% |
| Gross operating margin | 9900 | €39,001 | €2,150,799 | +€2.1m | +5414.7% |
| Operating profit (loss) | 9901 | €19,475 | €2,139,472 | +€2.1m | +10885.9% |
| Financial income | 75/76B | €687,760 | €551,793 | -€135,968 | -19.8% |
| Recurring financial income | 75 | €687,760 | €551,793 | -€135,968 | -19.8% |
| Financial charges | 65/66B | €79,651 | €266,251 | +€186,601 | +234.3% |
| Recurring financial charges | 65 | €79,651 | €266,251 | +€186,601 | +234.3% |
| Profit (loss) for the period before taxes | 9903 | €627,584 | €2,425,013 | +€1.8m | +286.4% |
| Income taxes | 67/77 | €165,496 | €320,889 | +€155,393 | +93.9% |
| Profit (loss) for the period | 9904 | €462,088 | €2,104,124 | +€1.6m | +355.4% |
| Profit (loss) for the period to be appropriated | 9905 | €462,088 | €2,104,124 | +€1.6m | +355.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.