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
- Receivables after one year -€307,842
down €307,842 (-100%), from €307,842 to €0
- Cash -€213,470
down €213,470 (-62.7%), from €340,230 to €126,760
mainly Contributions, distributions and other (-€861,400)
- Receivables within one year -€153,813
down €153,813 (-73.5%), from €209,235 to €55,422
of which Other amounts receivable: -€165,069
- Reserves -€814,997
down €814,997 (-99.9%), from €815,692 to €695
- Other debts +€137,090
new in 2025: €137,090
- Gross operating margin +€14,259
up €14,259 (+24.5%), from €58,185 to €72,444
- Financial income -€8,586
down €8,586 (-99.9%), from €8,591 to €5
- Other operating charges +€4,324
up €4,324 (+165%), from €2,618 to €6,943
- Taxes +€1,111
up €1,111 (+7.0%), from €15,830 to €16,941
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 | €859,404 | €183,648 | -€675,756 | -78.6% |
| Fixed assets | 21/28 | €2,097 | €1,466 | -€631 | -30.1% |
| Tangible fixed assets | 22/27 | €1,822 | €1,191 | -€631 | -34.6% |
| Plant, machinery and equipment | 23 | €1,340 | €897 | -€443 | -33.0% |
| Furniture and vehicles | 24 | €482 | €293 | -€189 | -39.1% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €857,307 | €182,182 | -€675,125 | -78.7% |
| Amounts receivable after more than one year | 29 | €307,842 | €0 | -€307,842 | -100% |
| Other amounts receivable | 291 | €307,842 | €0 | -€307,842 | -100% |
| Amounts receivable within one year | 40/41 | €209,235 | €55,422 | -€153,813 | -73.5% |
| Trade receivables | 40 | €43,698 | €54,954 | +€11,256 | +25.8% |
| Other amounts receivable | 41 | €165,537 | €468 | -€165,069 | -99.7% |
| Cash at bank and in hand | 54/58 | €340,230 | €126,760 | -€213,470 | -62.7% |
| Total equity and liabilities | 10/49 | €859,404 | €183,648 | -€675,756 | -78.6% |
| Equity | 10/15 | €816,692 | €1,695 | -€814,997 | -99.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €815,692 | €695 | -€814,997 | -99.9% |
| Distributable reserves | 133 | €815,692 | €695 | -€814,997 | -99.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €42,712 | €181,953 | +€139,241 | +326% |
| Amounts payable within one year | 42/48 | €42,102 | €181,343 | +€139,241 | +331% |
| Financial debts | 43 | - | €1,430 | +€1,430 | |
| Credit institutions | 430/8 | - | €1,430 | +€1,430 | |
| Trade debts | 44 | €4,175 | €3,008 | -€1,167 | -27.9% |
| Suppliers | 440/4 | €4,175 | €3,008 | -€1,167 | -27.9% |
| Taxes, remuneration and social security | 45 | €37,927 | €39,815 | +€1,888 | +5.0% |
| Taxes | 450/3 | €33,427 | €35,315 | +€1,888 | +5.6% |
| Remuneration and social security | 454/9 | €4,500 | €4,500 | = | 0.0% |
| Other amounts payable | 47/48 | - | €137,090 | +€137,090 | |
| Accrued charges and deferred income | 492/3 | €610 | €610 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €631 | €631 | = | 0.0% |
| Other operating charges | 640/8 | €2,618 | €6,943 | +€4,324 | +165% |
| Gross operating margin | 9900 | €58,185 | €72,444 | +€14,259 | +24.5% |
| Operating profit (loss) | 9901 | €54,936 | €64,870 | +€9,934 | +18.1% |
| Financial income | 75/76B | €8,591 | €5 | -€8,586 | -99.9% |
| Recurring financial income | 75 | €8,591 | €5 | -€8,586 | -99.9% |
| Financial charges | 65/66B | €825 | €1,531 | +€707 | +85.7% |
| Recurring financial charges | 65 | €825 | €1,531 | +€707 | +85.7% |
| Profit (loss) for the period before taxes | 9903 | €62,702 | €63,344 | +€642 | +1.0% |
| Income taxes | 67/77 | €15,830 | €16,941 | +€1,111 | +7.0% |
| Profit (loss) for the period | 9904 | €46,873 | €46,403 | -€470 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,873 | €46,403 | -€470 | -1.0% |
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 26 October 2026 via checked.be.