Nexure: 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.
Nexure
Largest movements
- Cash -€11,704
down €11,704 (-30.0%), from €38,958 to €27,253
mainly Debts after one year (-€11,416) and Receivables within one year (-€6,246)
- Receivables within one year +€6,246
up €6,246 (+227%), from €2,756 to €9,002
of which Other amounts receivable: +€5,505
- Tangible fixed assets -€3,470
down €3,470 (-4.1%), from €83,872 to €80,401
of which Land and buildings: -€5,435
- Debts after one year -€11,416
down €11,416 (-45.2%), from €25,261 to €13,845
- Reserves +€2,298
up €2,298 (+4.4%), from €51,826 to €54,125
of which Distributable reserves: +€2,298
- Gross operating margin -€21,123
down €21,123 (-49.6%), from €42,620 to €21,497
- Taxes -€4,819
down €4,819 (-52.9%), from €9,115 to €4,297
- Financial charges -€1,030
down €1,030 (-16.1%), from €6,393 to €5,363
- Other operating charges -€453
down €453 (-19.7%), from €2,298 to €1,845
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 | €125,585 | €116,657 | -€8,928 | -7.1% |
| Fixed assets | 21/28 | €83,872 | €80,401 | -€3,470 | -4.1% |
| Tangible fixed assets | 22/27 | €83,872 | €80,401 | -€3,470 | -4.1% |
| Land and buildings | 22 | €82,059 | €76,624 | -€5,435 | -6.6% |
| Plant, machinery and equipment | 23 | €1,197 | €3,777 | +€2,580 | +215% |
| Furniture and vehicles | 24 | €616 | - | -€616 | |
| Current assets | 29/58 | €41,714 | €36,256 | -€5,458 | -13.1% |
| Amounts receivable within one year | 40/41 | €2,756 | €9,002 | +€6,246 | +227% |
| Trade receivables | 40 | €741 | €1,482 | +€741 | +100% |
| Other amounts receivable | 41 | €2,015 | €7,520 | +€5,505 | +273% |
| Cash at bank and in hand | 54/58 | €38,958 | €27,253 | -€11,704 | -30.0% |
| Total equity and liabilities | 10/49 | €125,585 | €116,657 | -€8,928 | -7.1% |
| Equity | 10/15 | €84,826 | €87,125 | +€2,298 | +2.7% |
| Contributions | 10/11 | €33,000 | €33,000 | = | 0.0% |
| Reserves | 13 | €51,826 | €54,125 | +€2,298 | +4.4% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €33,076 | €35,375 | +€2,298 | +6.9% |
| Amounts payable | 17/49 | €40,759 | €29,532 | -€11,227 | -27.5% |
| Amounts payable after more than one year | 17 | €25,261 | €13,845 | -€11,416 | -45.2% |
| Financial debts | 170/4 | €25,261 | €13,845 | -€11,416 | -45.2% |
| Amounts payable within one year | 42/48 | €15,498 | €15,687 | +€189 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €11,014 | €11,416 | +€402 | +3.6% |
| Trade debts | 44 | €1,481 | €1,639 | +€158 | +10.7% |
| Suppliers | 440/4 | €1,481 | €1,639 | +€158 | +10.7% |
| Taxes, remuneration and social security | 45 | €3,002 | €2,632 | -€371 | -12.3% |
| Taxes | 450/3 | €3,002 | €2,632 | -€371 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,832 | €7,694 | -€138 | -1.8% |
| Other operating charges | 640/8 | €2,298 | €1,845 | -€453 | -19.7% |
| Gross operating margin | 9900 | €42,620 | €21,497 | -€21,123 | -49.6% |
| Operating profit (loss) | 9901 | €32,490 | €11,958 | -€20,532 | -63.2% |
| Financial charges | 65/66B | €6,393 | €5,363 | -€1,030 | -16.1% |
| Recurring financial charges | 65 | €6,393 | €5,363 | -€1,030 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €26,097 | €6,595 | -€19,503 | -74.7% |
| Income taxes | 67/77 | €9,115 | €4,297 | -€4,819 | -52.9% |
| Profit (loss) for the period | 9904 | €16,982 | €2,298 | -€14,684 | -86.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,982 | €2,298 | -€14,684 | -86.5% |
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 25 October 2026 via checked.be.