NEXUM: 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.
NEXUM
Largest movements
- Cash +€290,301
up €290,301 (+281.7%), from €103,060 to €393,361
mainly Net result for the year (+€202,366) and Stocks and contracts (+€52,702)
- Stocks and contracts -€52,702
down €52,702 (-68.1%), from €77,431 to €24,729
- Tangible fixed assets -€51,593
down €51,593 (-5.5%), from €941,094 to €889,502
of which Furniture and vehicles: -€31,577
- Receivables within one year -€28,602
down €28,602 (-17.0%), from €168,294 to €139,692
of which Trade receivables: -€28,684
- Reserves +€184,245
up €184,245 (+46.5%), from €396,163 to €580,408
of which Tax-exempt reserves: +€109,460
- Debts after one year -€72,002
down €72,002 (-11.5%), from €627,600 to €555,599
- Other debts +€33,313
new in 2025: €33,313
- Gross operating margin +€251,443
up €251,443 (+60.0%), from €419,406 to €670,849
- Staff costs +€78,132
up €78,132 (+32.6%), from €240,014 to €318,146
- Taxes +€42,434
up €42,434 (+116.5%), from €36,419 to €78,853
- Depreciation -€13,859
down €13,859 (-21.2%), from €65,452 to €51,593
- Financial charges +€10,326
up €10,326 (+111.6%), from €9,255 to €19,582
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 | €1,298,044 | €1,457,457 | +€159,413 | +12.3% |
| Fixed assets | 21/28 | €941,094 | €889,502 | -€51,593 | -5.5% |
| Tangible fixed assets | 22/27 | €941,094 | €889,502 | -€51,593 | -5.5% |
| Land and buildings | 22 | €825,701 | €806,379 | -€19,321 | -2.3% |
| Plant, machinery and equipment | 23 | €3,208 | €2,514 | -€694 | -21.6% |
| Furniture and vehicles | 24 | €112,186 | €80,609 | -€31,577 | -28.1% |
| Current assets | 29/58 | €356,949 | €567,955 | +€211,006 | +59.1% |
| Stocks and contracts in progress | 3 | €77,431 | €24,729 | -€52,702 | -68.1% |
| Stocks | 30/36 | €77,431 | €24,729 | -€52,702 | -68.1% |
| Amounts receivable within one year | 40/41 | €168,294 | €139,692 | -€28,602 | -17.0% |
| Trade receivables | 40 | €156,320 | €127,636 | -€28,684 | -18.3% |
| Other amounts receivable | 41 | €11,975 | €12,056 | +€82 | +0.7% |
| Cash at bank and in hand | 54/58 | €103,060 | €393,361 | +€290,301 | +281.7% |
| Deferred charges and accrued income | 490/1 | €8,165 | €10,173 | +€2,008 | +24.6% |
| Total equity and liabilities | 10/49 | €1,298,044 | €1,457,457 | +€159,413 | +12.3% |
| Equity | 10/15 | €414,763 | €599,008 | +€184,245 | +44.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €396,163 | €580,408 | +€184,245 | +46.5% |
| Tax-exempt reserves | 132 | - | €109,460 | +€109,460 | |
| Distributable reserves | 133 | €396,163 | €470,948 | +€74,785 | +18.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €883,281 | €858,449 | -€24,832 | -2.8% |
| Amounts payable after more than one year | 17 | €627,600 | €555,599 | -€72,002 | -11.5% |
| Financial debts | 170/4 | €627,600 | €555,599 | -€72,002 | -11.5% |
| Amounts payable within one year | 42/48 | €255,680 | €302,850 | +€47,170 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €70,226 | €72,002 | +€1,776 | +2.5% |
| Trade debts | 44 | €135,870 | €135,422 | -€448 | -0.3% |
| Suppliers | 440/4 | €135,870 | €135,422 | -€448 | -0.3% |
| Taxes, remuneration and social security | 45 | €49,585 | €62,114 | +€12,529 | +25.3% |
| Taxes | 450/3 | €12,885 | €27,098 | +€14,213 | +110.3% |
| Remuneration and social security | 454/9 | €36,700 | €35,016 | -€1,684 | -4.6% |
| Other amounts payable | 47/48 | - | €33,313 | +€33,313 | |
| Remuneration, social security and pensions | 62 | €240,014 | €318,146 | +€78,132 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,452 | €51,593 | -€13,859 | -21.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,427 | +€1,427 | |
| Other operating charges | 640/8 | €3,831 | €5,601 | +€1,770 | +46.2% |
| Gross operating margin | 9900 | €419,406 | €670,849 | +€251,443 | +60.0% |
| Operating profit (loss) | 9901 | €110,109 | €294,082 | +€183,974 | +167.1% |
| Financial income | 75/76B | €14,528 | €6,718 | -€7,809 | -53.8% |
| Recurring financial income | 75 | €14,528 | €6,718 | -€7,809 | -53.8% |
| Financial charges | 65/66B | €9,255 | €19,582 | +€10,326 | +111.6% |
| Recurring financial charges | 65 | €9,255 | €19,582 | +€10,326 | +111.6% |
| Profit (loss) for the period before taxes | 9903 | €115,381 | €281,219 | +€165,838 | +143.7% |
| Income taxes | 67/77 | €36,419 | €78,853 | +€42,434 | +116.5% |
| Profit (loss) for the period | 9904 | €78,962 | €202,366 | +€123,405 | +156.3% |
| Transfer to tax-exempt reserves | 689 | - | €109,460 | +€109,460 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,962 | €92,906 | +€13,945 | +17.7% |
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 12 October 2026 via checked.be.