Nextfactor: 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.
Nextfactor
Largest movements
- Receivables within one year -€21,451
down €21,451 (-52.1%), from €41,137 to €19,686
of which Other amounts receivable: -€24,772
- Current investments +€14,083
new in 2025: €14,083
- Cash -€6,166
down €6,166 (-10.9%), from €56,753 to €50,587
mainly Trade debts (-€29,982) and Current investments (-€14,083)
- Intangible fixed assets -€5,009
down €5,009 (-57.4%), from €8,729 to €3,720
- Formation expenses -€3,480
down €3,480 (-63.5%), from €5,481 to €2,001
- Trade debts -€29,982
down €29,982 (-85.3%), from €35,162 to €5,180
- Reserves +€8,677
new in 2025: €8,677
of which Distributable reserves: +€8,202
- Gross operating margin +€57,859
up €57,859, from -€36,023 to €21,836
- Write-downs +€56,185
no longer reported in 2025 (was -€56,185)
- Financial charges -€16,588
down €16,588 (-95.3%), from €17,407 to €819
- Taxes +€2,973
new in 2025: €2,973
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 | €112,256 | €91,572 | -€20,684 | -18.4% |
| Formation expenses | 20 | €5,481 | €2,001 | -€3,480 | -63.5% |
| Fixed assets | 21/28 | €8,886 | €5,216 | -€3,670 | -41.3% |
| Intangible fixed assets | 21 | €8,729 | €3,720 | -€5,009 | -57.4% |
| Tangible fixed assets | 22/27 | - | €1,151 | +€1,151 | |
| Plant, machinery and equipment | 23 | - | €1,151 | +€1,151 | |
| Financial fixed assets | 28 | €157 | €345 | +€188 | +120.2% |
| Current assets | 29/58 | €97,889 | €84,355 | -€13,534 | -13.8% |
| Amounts receivable within one year | 40/41 | €41,137 | €19,686 | -€21,451 | -52.1% |
| Trade receivables | 40 | €3,196 | €6,517 | +€3,321 | +103.9% |
| Other amounts receivable | 41 | €37,941 | €13,169 | -€24,772 | -65.3% |
| Current investments | 50/53 | - | €14,083 | +€14,083 | |
| Cash at bank and in hand | 54/58 | €56,753 | €50,587 | -€6,166 | -10.9% |
| Total equity and liabilities | 10/49 | €112,256 | €91,572 | -€20,684 | -18.4% |
| Equity | 10/15 | €74,594 | €83,271 | +€8,677 | +11.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | - | €8,677 | +€8,677 | |
| Non-distributable reserves | 130/1 | - | €475 | +€475 | |
| Legal reserve | 130 | - | €475 | +€475 | |
| Distributable reserves | 133 | - | €8,202 | +€8,202 | |
| Profit (loss) carried forward | 14 | €13,094 | €13,094 | = | 0.0% |
| Amounts payable | 17/49 | €37,662 | €8,301 | -€29,361 | -78.0% |
| Amounts payable within one year | 42/48 | €37,662 | €8,301 | -€29,361 | -78.0% |
| Financial debts | 43 | - | €271 | +€271 | |
| Credit institutions | 430/8 | - | €271 | +€271 | |
| Trade debts | 44 | €35,162 | €5,180 | -€29,982 | -85.3% |
| Suppliers | 440/4 | €35,162 | €5,180 | -€29,982 | -85.3% |
| Taxes, remuneration and social security | 45 | €2,500 | €2,849 | +€349 | +14.0% |
| Taxes | 450/3 | €2,500 | €2,849 | +€349 | +14.0% |
| Non-recurring operating income | 76A | - | €1,050 | +€1,050 | |
| Remuneration, social security and pensions | 62 | - | €104 | +€104 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,489 | €8,617 | +€128 | +1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€56,185 | - | +€56,185 | |
| Other operating charges | 640/8 | €612 | €650 | +€38 | +6.2% |
| Gross operating margin | 9900 | -€36,023 | €21,836 | +€57,859 | |
| Operating profit (loss) | 9901 | €11,061 | €12,466 | +€1,405 | +12.7% |
| Financial income | 75/76B | €0 | €4 | +€3 | +937.1% |
| Recurring financial income | 75 | €0 | €4 | +€3 | +937.1% |
| Financial charges | 65/66B | €17,407 | €819 | -€16,588 | -95.3% |
| Recurring financial charges | 65 | €17,407 | €819 | -€16,588 | -95.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,346 | €11,650 | +€17,996 | |
| Income taxes | 67/77 | - | €2,973 | +€2,973 | |
| Profit (loss) for the period | 9904 | -€6,346 | €8,677 | +€15,023 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,346 | €8,677 | +€15,023 |
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 28 September 2026 via checked.be.