NEXTENSA: 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.
What changed
NEXTENSA
NACE 68.110, Buying and selling of own real estate
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€14.1m
2024 · €33.1m-€19.0m
Equity
€892.9m
2024 · €888.7m+€4.2m
Cash
€908,907
2024 · €487,593+€421,314
Balance sheet total
€1.25bn
2024 · €1.33bn-€76.8m
Largest movements
Assets
- Financial fixed assets -€131.6m
down €131.6m (-12.4%), from €1.06bn to €931.0m
of which Other financial fixed assets: -€80.3m
- Receivables within one year +€61.2m
up €61.2m (+82.7%), from €74.0m to €135.2m
of which Other amounts receivable: +€59.0m
Equity and liabilities
- Debts after one year -€112.2m
down €112.2m (-40.5%), from €277.3m to €165.1m
of which Financial debts: -€114.1m
- Current portion of long-term debt +€30.9m
up €30.9m (+44.6%), from €69.2m to €100.0m
- Profit (loss) carried forward +€19.9m
up €19.9m (+26.2%), from €75.9m to €95.8m
- Revaluation surpluses -€15.9m
down €15.9m (-6.7%), from €236.8m to €220.9m
- Short-term financial debts -€14.9m
down €14.9m (-18.3%), from €81.2m to €66.4m
Income statement
- Financial charges -€8.7m
down €8.7m (-41.6%), from €20.9m to €12.2m
of which Non-recurring financial charges: -€12.0m
- Write-downs +€4.6m
up €4.6m (+23493.8%), from €19,402 to €4.6m
- Taxes -€3.3m
down €3.3m (-37.9%), from €8.8m to €5.4m
of which Taxes: -€3.7m
- Turnover -€2.4m
down €2.4m (-15.6%), from €15.1m to €12.7m
- Other operating income -€1.8m
down €1.8m (-13.5%), from €13.3m to €11.5m
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
€33.1m
Turnover
-€2.4m
Other operating income
-€1.8m
Services and other goods
+€1.2m
Staff costs
-€677,467
Depreciation
+€103,705
Write-downs
-€4.6m
Other operating charges
+€679,823
Other operating items
-€5.3m
Financial income
-€37.7m
Financial charges
+€8.7m
Other financial items
+€19.4m
Taxes
+€3.3m
Result 2025
€14.1m
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
-€23.0m
Investment
+€129.5m
Financing
-€106.1m
Cash 2024
€487,593
From operations (derived)
-€23.0m
Net result for the year
+€14.1m
Depreciation
+€8.2m
Receivables within one year
-€61.2m
Deferred charges and accrued income
+€715,518
Provisions
-€10,672
Trade debts
+€921,562
Tax, wage and social debts
+€1.3m
Other debts
+€11.6m
Accrued charges and deferred income
+€1.3m
Investment (derived)
+€129.5m
Investment in fixed assets (net)
+€129.5m
Current investments
-€1
Financing
-€106.1m
Debts after one year
-€112.2m
Current portion of long-term debt
+€30.9m
Short-term financial debts
-€14.9m
Contributions, distributions and other
-€9.9m
Cash 2025
€908,907
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,329,161,126 | €1,252,316,407 | -€76.8m | -5.8% |
| Formation expenses | 20 | €719,916 | €308,535 | -€411,381 | -57.1% |
| Fixed assets | 21/28 | €1,246,107,482 | €1,108,771,768 | -€137.3m | -11.0% |
| Intangible fixed assets | 21 | €4,879 | €2,710 | -€2,169 | -44.5% |
| Tangible fixed assets | 22/27 | €183,515,879 | €177,802,010 | -€5.7m | -3.1% |
| Land and buildings | 22 | €182,524,206 | €176,954,682 | -€5.6m | -3.1% |
| Plant, machinery and equipment | 23 | €52,706 | €36,641 | -€16,065 | -30.5% |
| Furniture and vehicles | 24 | €383,302 | €248,091 | -€135,211 | -35.3% |
| Other tangible fixed assets | 26 | €555,665 | €562,596 | +€6,931 | +1.2% |
| Financial fixed assets | 28 | €1,062,586,724 | €930,967,048 | -€131.6m | -12.4% |
| Affiliated companies | 280/1 | €982,193,798 | €930,890,634 | -€51.3m | -5.2% |
| Participating interests | 280 | €774,944,468 | €825,804,451 | +€50.9m | +6.6% |
| Amounts receivable | 281 | €207,249,330 | €105,086,183 | -€102.2m | -49.3% |
| Other financial fixed assets | 284/8 | €80,392,926 | €76,414 | -€80.3m | -99.9% |
| Shares | 284 | €79,863,386 | €374 | -€79.9m | -100.0% |
| Amounts receivable and cash guarantees | 285/8 | €529,540 | €76,040 | -€453,500 | -85.6% |
| Current assets | 29/58 | €82,333,728 | €143,236,104 | +€60.9m | +74.0% |
| Amounts receivable within one year | 40/41 | €73,979,149 | €135,175,728 | +€61.2m | +82.7% |
| Trade receivables | 40 | €7,776,062 | €10,021,070 | +€2.2m | +28.9% |
| Other amounts receivable | 41 | €66,203,087 | €125,154,658 | +€59.0m | +89.0% |
| Current investments | 50/53 | €4,596,702 | €4,596,703 | +€1 | 0.0% |
| Own shares | 50 | €4,596,702 | €4,596,703 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €487,593 | €908,907 | +€421,314 | +86.4% |
| Deferred charges and accrued income | 490/1 | €3,270,284 | €2,554,766 | -€715,518 | -21.9% |
| Total equity and liabilities | 10/49 | €1,329,161,126 | €1,252,316,407 | -€76.8m | -5.8% |
| Equity | 10/15 | €888,702,602 | €892,898,303 | +€4.2m | +0.5% |
| Contributions | 10/11 | €560,253,998 | €560,253,998 | = | 0.0% |
| Capital | 10 | €111,856,017 | €111,856,017 | = | 0.0% |
| Issued capital | 100 | €111,856,017 | €111,856,017 | = | 0.0% |
| Outside capital | 11 | €448,397,981 | €448,397,981 | = | 0.0% |
| Share premium | 1100/10 | €448,397,981 | €448,397,981 | = | 0.0% |
| Revaluation surpluses | 12 | €236,772,309 | €220,865,410 | -€15.9m | -6.7% |
| Reserves | 13 | €15,782,304 | €15,782,304 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,782,304 | €15,782,304 | = | 0.0% |
| Legal reserve | 130 | €11,185,602 | €11,185,602 | = | 0.0% |
| Own shares acquired | 1312 | €4,596,702 | €4,596,702 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,893,991 | €95,797,924 | +€19.9m | +26.2% |
| Investment grants | 15 | - | €198,667 | +€198,667 | |
| Provisions and deferred taxes | 16 | €10,672 | - | -€10,672 | |
| Provisions for liabilities and charges | 160/5 | €10,672 | - | -€10,672 | |
| Other liabilities and charges | 164/5 | €10,672 | - | -€10,672 | |
| Amounts payable | 17/49 | €440,447,852 | €359,418,104 | -€81.0m | -18.4% |
| Amounts payable after more than one year | 17 | €277,284,130 | €165,066,842 | -€112.2m | -40.5% |
| Financial debts | 170/4 | €213,260,358 | €99,121,555 | -€114.1m | -53.5% |
| Unsubordinated bonds | 171 | €100,000,000 | - | -€100.0m | |
| Credit institutions | 173 | €112,800,000 | €98,500,000 | -€14.3m | -12.7% |
| Other loans | 174 | €460,358 | €621,555 | +€161,197 | +35.0% |
| Other amounts payable | 178/9 | €64,023,772 | €65,945,287 | +€1.9m | +3.0% |
| Amounts payable within one year | 42/48 | €159,944,159 | €189,798,283 | +€29.9m | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €69,150,000 | €100,000,000 | +€30.9m | +44.6% |
| Financial debts | 43 | €81,210,285 | €66,351,885 | -€14.9m | -18.3% |
| Other loans | 439 | €81,210,285 | €66,351,885 | -€14.9m | -18.3% |
| Trade debts | 44 | €8,056,730 | €8,978,292 | +€921,562 | +11.4% |
| Suppliers | 440/4 | €8,056,730 | €8,978,292 | +€921,562 | +11.4% |
| Taxes, remuneration and social security | 45 | €571,593 | €1,893,630 | +€1.3m | +231.3% |
| Taxes | 450/3 | €116,329 | €1,455,192 | +€1.3m | +1150.9% |
| Remuneration and social security | 454/9 | €455,264 | €438,438 | -€16,826 | -3.7% |
| Other amounts payable | 47/48 | €955,551 | €12,574,476 | +€11.6m | +1215.9% |
| Accrued charges and deferred income | 492/3 | €3,219,563 | €4,552,979 | +€1.3m | +41.4% |
| Operating income | 70/76A | €33,343,764 | €24,239,750 | -€9.1m | -27.3% |
| Turnover | 70 | €15,096,193 | €12,738,968 | -€2.4m | -15.6% |
| Other operating income | 74 | €13,295,758 | €11,500,782 | -€1.8m | -13.5% |
| Non-recurring operating income | 76A | €4,951,813 | - | -€5.0m | |
| Operating charges | 60/66A | €24,340,353 | €27,886,624 | +€3.5m | +14.6% |
| Services and other goods | 61 | €9,202,164 | €7,986,070 | -€1.2m | -13.2% |
| Remuneration, social security and pensions | 62 | €3,026,635 | €3,704,102 | +€677,467 | +22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,311,779 | €8,208,074 | -€103,705 | -1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,402 | €4,577,663 | +€4.6m | +23493.8% |
| Other operating charges | 640/8 | €3,340,389 | €2,660,566 | -€679,823 | -20.4% |
| Non-recurring operating charges | 66A | €439,984 | €750,149 | +€310,165 | +70.5% |
| Operating profit (loss) | 9901 | €9,003,411 | -€3,646,874 | -€12.7m | |
| Recurring financial income | 75 | €53,731,800 | €16,009,036 | -€37.7m | -70.2% |
| Income from financial fixed assets | 750 | €53,731,800 | €12,125,007 | -€41.6m | -77.4% |
| Income from current assets | 751 | - | €4,301 | +€4,301 | |
| Other financial income | 752/9 | - | €3,879,728 | +€3.9m | |
| Non-recurring financial income | 76B | - | €19,390,197 | +€19.4m | |
| Financial charges | 65/66B | €20,897,430 | €12,206,630 | -€8.7m | -41.6% |
| Recurring financial charges | 65 | €7,902,172 | €11,191,935 | +€3.3m | +41.6% |
| Debt charges | 650 | €4,830,781 | €8,266,338 | +€3.4m | +71.1% |
| Other financial charges | 652/9 | €3,071,391 | €2,925,597 | -€145,794 | -4.7% |
| Non-recurring financial charges | 66B | €12,995,258 | €1,014,695 | -€12.0m | -92.2% |
| Profit (loss) for the period before taxes | 9903 | €41,837,781 | €19,545,729 | -€22.3m | -53.3% |
| Income taxes | 67/77 | €8,771,033 | €5,442,565 | -€3.3m | -37.9% |
| Taxes | 670/3 | €9,183,848 | €5,442,565 | -€3.7m | -40.7% |
| Tax adjustments and reversals of tax provisions | 77 | €412,815 | - | -€412,815 | |
| Profit (loss) for the period | 9904 | €33,066,748 | €14,103,164 | -€19.0m | -57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,066,748 | €14,103,164 | -€19.0m | -57.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.