NEXUS+: 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.
NEXUS+
Largest movements
- Tangible fixed assets -€20,803
down €20,803 (-30.1%), from €68,997 to €48,195
of which Furniture and vehicles: -€16,568
- Cash +€12,168
up €12,168 (+66.7%), from €18,248 to €30,416
mainly Depreciation (+€23,003) and Tax, wage and social debts (+€7,373)
- Receivables within one year +€3,490
up €3,490 (+9.9%), from €35,376 to €38,866
of which Trade receivables: +€2,977
- Debts after one year -€13,352
down €13,352 (-44.9%), from €29,725 to €16,373
- Tax, wage and social debts +€7,373
up €7,373 (+38.2%), from €19,322 to €26,695
of which Remuneration and social security: +€9,402
- Reserves +€6,850
up €6,850 (+14.3%), from €47,892 to €54,742
- Other debts -€3,300
no longer reported in 2025 (was €3,300)
- Current portion of long-term debt -€3,278
down €3,278 (-19.7%), from €16,630 to €13,352
- Depreciation +€9,671
up €9,671 (+72.5%), from €13,332 to €23,003
- Write-downs +€5,762
new in 2025: €5,762
- Gross operating margin +€1,646
up €1,646 (+3.8%), from €43,090 to €44,735
- Taxes -€1,388
down €1,388 (-18.8%), from €7,399 to €6,011
- Financial charges +€923
up €923 (+78.6%), from €1,175 to €2,099
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 | €125,553 | €119,937 | -€5,616 | -4.5% |
| Fixed assets | 21/28 | €68,997 | €48,195 | -€20,803 | -30.1% |
| Tangible fixed assets | 22/27 | €68,997 | €48,195 | -€20,803 | -30.1% |
| Plant, machinery and equipment | 23 | €6,855 | €7,084 | +€229 | +3.3% |
| Furniture and vehicles | 24 | €47,009 | €30,441 | -€16,568 | -35.2% |
| Leasing and similar rights | 25 | €11,696 | €8,078 | -€3,618 | -30.9% |
| Other tangible fixed assets | 26 | €3,438 | €2,592 | -€846 | -24.6% |
| Current assets | 29/58 | €56,555 | €71,742 | +€15,187 | +26.9% |
| Amounts receivable within one year | 40/41 | €35,376 | €38,866 | +€3,490 | +9.9% |
| Trade receivables | 40 | €15,984 | €18,962 | +€2,977 | +18.6% |
| Other amounts receivable | 41 | €19,392 | €19,904 | +€513 | +2.6% |
| Cash at bank and in hand | 54/58 | €18,248 | €30,416 | +€12,168 | +66.7% |
| Deferred charges and accrued income | 490/1 | €2,931 | €2,460 | -€471 | -16.1% |
| Total equity and liabilities | 10/49 | €125,553 | €119,937 | -€5,616 | -4.5% |
| Equity | 10/15 | €52,892 | €59,742 | +€6,850 | +13.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €47,892 | €54,742 | +€6,850 | +14.3% |
| Distributable reserves | 133 | €47,892 | €54,742 | +€6,850 | +14.3% |
| Amounts payable | 17/49 | €72,660 | €60,194 | -€12,466 | -17.2% |
| Amounts payable after more than one year | 17 | €29,725 | €16,373 | -€13,352 | -44.9% |
| Financial debts | 170/4 | €29,725 | €16,373 | -€13,352 | -44.9% |
| Amounts payable within one year | 42/48 | €40,436 | €41,321 | +€886 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €16,630 | €13,352 | -€3,278 | -19.7% |
| Trade debts | 44 | €1,184 | €1,274 | +€91 | +7.7% |
| Suppliers | 440/4 | €1,184 | €1,274 | +€91 | +7.7% |
| Taxes, remuneration and social security | 45 | €19,322 | €26,695 | +€7,373 | +38.2% |
| Taxes | 450/3 | €19,322 | €17,293 | -€2,029 | -10.5% |
| Remuneration and social security | 454/9 | - | €9,402 | +€9,402 | |
| Other amounts payable | 47/48 | €3,300 | - | -€3,300 | |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,332 | €23,003 | +€9,671 | +72.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,762 | +€5,762 | |
| Other operating charges | 640/8 | €700 | €1,216 | +€515 | +73.6% |
| Gross operating margin | 9900 | €43,090 | €44,735 | +€1,646 | +3.8% |
| Operating profit (loss) | 9901 | €29,057 | €14,755 | -€14,302 | -49.2% |
| Financial income | 75/76B | - | €204 | +€204 | |
| Recurring financial income | 75 | - | €204 | +€204 | |
| Financial charges | 65/66B | €1,175 | €2,099 | +€923 | +78.6% |
| Recurring financial charges | 65 | €1,175 | €2,099 | +€923 | +78.6% |
| Profit (loss) for the period before taxes | 9903 | €27,882 | €12,861 | -€15,021 | -53.9% |
| Income taxes | 67/77 | €7,399 | €6,011 | -€1,388 | -18.8% |
| Profit (loss) for the period | 9904 | €20,483 | €6,850 | -€13,633 | -66.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,483 | €6,850 | -€13,633 | -66.6% |
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 17 October 2026 via checked.be.