NEXTGEN INVEST: 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.
NEXTGEN INVEST
Largest movements
- Tangible fixed assets +€1.6m
up €1.6m (+90.0%), from €1.7m to €3.3m
of which Land and buildings: +€1.6m
- Current investments +€141,508
up €141,508 (+119%), from €119,101 to €260,609
- Receivables within one year +€112,567
up €112,567 (+372%), from €30,299 to €142,867
of which Trade receivables: +€110,920
- Debts after one year +€1.8m
up €1.8m (+877%), from €208,886 to €2.0m
- Reserves -€120,458
down €120,458 (-7.6%), from €1.6m to €1.5m
of which Distributable reserves: -€115,101
- Trade debts +€120,402
up €120,402 (+6,431%), from €1,872 to €122,274
- Depreciation +€195,057
up €195,057 (+274%), from €71,222 to €266,278
- Financial charges -€48,335
down €48,335, from €33,523 to -€14,813
- Taxes -€44,425
down €44,425 (-99.5%), from €44,660 to €236
- Gross operating margin -€25,013
down €25,013 (-12.7%), from €197,084 to €172,071
- Financial income -€3,284
down €3,284 (-38.3%), from €8,580 to €5,296
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.
Derived cash bridge
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 | €2,046,396 | €3,849,176 | +€1.8m | +88.1% |
| Fixed assets | 21/28 | €1,876,116 | €3,445,133 | +€1.6m | +83.6% |
| Intangible fixed assets | 21 | €1,798 | €899 | -€899 | -50.0% |
| Tangible fixed assets | 22/27 | €1,744,318 | €3,314,234 | +€1.6m | +90.0% |
| Land and buildings | 22 | €1,677,429 | €3,260,452 | +€1.6m | +94.4% |
| Furniture and vehicles | 24 | €49,772 | €39,691 | -€10,081 | -20.3% |
| Other tangible fixed assets | 26 | €17,117 | €14,091 | -€3,027 | -17.7% |
| Financial fixed assets | 28 | €130,000 | €130,000 | = | 0.0% |
| Current assets | 29/58 | €170,280 | €404,043 | +€233,763 | +137% |
| Amounts receivable within one year | 40/41 | €30,299 | €142,867 | +€112,567 | +372% |
| Trade receivables | 40 | €642 | €111,562 | +€110,920 | +17,287% |
| Other amounts receivable | 41 | €29,658 | €31,305 | +€1,647 | +5.6% |
| Current investments | 50/53 | €119,101 | €260,609 | +€141,508 | +119% |
| Cash at bank and in hand | 54/58 | €20,409 | €93 | -€20,316 | -99.5% |
| Deferred charges and accrued income | 490/1 | €471 | €475 | +€4 | +0.9% |
| Total equity and liabilities | 10/49 | €2,046,396 | €3,849,176 | +€1.8m | +88.1% |
| Equity | 10/15 | €1,615,949 | €1,495,492 | -€120,458 | -7.5% |
| Contributions | 10/11 | €38,475 | €38,475 | = | 0.0% |
| Reserves | 13 | €1,577,474 | €1,457,017 | -€120,458 | -7.6% |
| Non-distributable reserves | 130/1 | €25,975 | €25,975 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,975 | €25,975 | = | 0.0% |
| Tax-exempt reserves | 132 | €119,541 | €114,184 | -€5,356 | -4.5% |
| Distributable reserves | 133 | €1,431,959 | €1,316,857 | -€115,101 | -8.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €52,895 | €50,525 | -€2,370 | -4.5% |
| Deferred taxes | 168 | €52,895 | €50,525 | -€2,370 | -4.5% |
| Amounts payable | 17/49 | €377,552 | €2,303,160 | +€1.9m | +510% |
| Amounts payable after more than one year | 17 | €208,886 | €2,041,370 | +€1.8m | +877% |
| Financial debts | 170/4 | €208,886 | €2,041,370 | +€1.8m | +877% |
| Amounts payable within one year | 42/48 | €155,912 | €249,199 | +€93,286 | +59.8% |
| Current portion of amounts payable after more than one year | 42 | €11,730 | €11,197 | -€533 | -4.5% |
| Trade debts | 44 | €1,872 | €122,274 | +€120,402 | +6,431% |
| Suppliers | 440/4 | €1,872 | €122,274 | +€120,402 | +6,431% |
| Taxes, remuneration and social security | 45 | €28,477 | €26,031 | -€2,446 | -8.6% |
| Taxes | 450/3 | €28,477 | €26,031 | -€2,446 | -8.6% |
| Other amounts payable | 47/48 | €113,834 | €89,696 | -€24,138 | -21.2% |
| Accrued charges and deferred income | 492/3 | €12,754 | €12,591 | -€163 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,222 | €266,278 | +€195,057 | +274% |
| Other operating charges | 640/8 | €8,551 | €7,906 | -€645 | -7.5% |
| Gross operating margin | 9900 | €197,084 | €172,071 | -€25,013 | -12.7% |
| Operating profit (loss) | 9901 | €117,311 | -€102,114 | -€219,425 | |
| Financial income | 75/76B | €8,580 | €5,296 | -€3,284 | -38.3% |
| Recurring financial income | 75 | €8,580 | €5,296 | -€3,284 | -38.3% |
| Financial charges | 65/66B | €33,523 | -€14,813 | -€48,335 | |
| Recurring financial charges | 65 | €33,523 | -€14,813 | -€48,335 | |
| Profit (loss) for the period before taxes | 9903 | €92,368 | -€82,006 | -€174,374 | |
| Transfer from deferred taxes | 780 | €2,370 | €2,370 | = | 0.0% |
| Income taxes | 67/77 | €44,660 | €236 | -€44,425 | -99.5% |
| Profit (loss) for the period | 9904 | €50,078 | -€79,872 | -€129,949 | |
| Transfer from tax-exempt reserves | 789 | €73,703 | €5,356 | -€68,347 | -92.7% |
| Profit (loss) for the period to be appropriated | 9905 | €123,781 | -€74,515 | -€198,296 |
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 1 November 2026 via checked.be.