Nexus Altum: what changed
Nexus Altum
Largest movements
- Financial fixed assets -€2.0m
down €2.0m (-100%), from €2.0m to €0
- Receivables within one year +€130,818
up €130,818 (+26.5%), from €494,519 to €625,337
of which Other amounts receivable: +€143,598
- Tangible fixed assets -€125,679
down €125,679 (-5.9%), from €2.1m to €2.0m
of which Land and buildings: -€82,100
- Reserves -€744,544
down €744,544 (-61.4%), from €1.2m to €467,293
of which Distributable reserves: -€744,544
- Short-term financial debts -€582,496
down €582,496 (-79.5%), from €732,496 to €150,000
of which Credit institutions: -€446,560
- Other debts -€332,319
down €332,319 (-100%), from €332,319 to €0
- Accrued charges and deferred income -€235,017
down €235,017 (-100%), from €235,017 to €0
- Debts after one year -€146,244
down €146,244 (-7.5%), from €1.9m to €1.8m
- Financial charges +€613,740
up €613,740 (+599%), from €102,494 to €716,234
of which Non-recurring financial charges: +€621,090
- Gross operating margin -€167,593
down €167,593 (-59.8%), from €280,282 to €112,689
- Financial income -€35,638
down €35,638 (-97.5%), from €36,568 to €929
of which Financial income: -€36,567
- Taxes -€12,435
down €12,435 (-99.2%), from €12,537 to €102
- Depreciation -€7,292
down €7,292 (-5.7%), from €128,963 to €121,671
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,892,264 | €2,869,938 | -€2.0m | -41.3% |
| Fixed assets | 21/28 | €4,166,110 | €2,011,268 | -€2.2m | -51.7% |
| Tangible fixed assets | 22/27 | €2,136,947 | €2,011,268 | -€125,679 | -5.9% |
| Land and buildings | 22 | €1,760,686 | €1,678,586 | -€82,100 | -4.7% |
| Plant, machinery and equipment | 23 | €351,282 | €316,119 | -€35,163 | -10.0% |
| Furniture and vehicles | 24 | €5,137 | €0 | -€5,137 | -100% |
| Other tangible fixed assets | 26 | €19,842 | €16,563 | -€3,279 | -16.5% |
| Financial fixed assets | 28 | €2,029,163 | €0 | -€2.0m | -100% |
| Current assets | 29/58 | €726,154 | €858,670 | +€132,516 | +18.2% |
| Amounts receivable after more than one year | 29 | €229,680 | €229,680 | = | 0.0% |
| Other amounts receivable | 291 | €229,680 | €229,680 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €494,519 | €625,337 | +€130,818 | +26.5% |
| Trade receivables | 40 | €12,781 | €0 | -€12,781 | -100% |
| Other amounts receivable | 41 | €481,739 | €625,337 | +€143,598 | +29.8% |
| Cash at bank and in hand | 54/58 | €1,833 | €3,652 | +€1,820 | +99.3% |
| Deferred charges and accrued income | 490/1 | €122 | €0 | -€122 | -100% |
| Total equity and liabilities | 10/49 | €4,892,264 | €2,869,938 | -€2.0m | -41.3% |
| Equity | 10/15 | €1,368,038 | €623,493 | -€744,544 | -54.4% |
| Contributions | 10/11 | €156,200 | €156,200 | = | 0.0% |
| Contributions outside capital | 11 | - | €156,200 | +€156,200 | |
| Other | 1109/19 | - | €156,200 | +€156,200 | |
| Reserves | 13 | €1,211,838 | €467,293 | -€744,544 | -61.4% |
| Non-distributable reserves | 130/1 | €17,000 | €17,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,000 | €17,000 | = | 0.0% |
| Distributable reserves | 133 | €1,194,838 | €450,293 | -€744,544 | -62.3% |
| Amounts payable | 17/49 | €3,524,226 | €2,246,445 | -€1.3m | -36.3% |
| Amounts payable after more than one year | 17 | €1,942,230 | €1,795,987 | -€146,244 | -7.5% |
| Financial debts | 170/4 | €1,942,230 | €1,795,987 | -€146,244 | -7.5% |
| Amounts payable within one year | 42/48 | €1,346,978 | €450,458 | -€896,520 | -66.6% |
| Current portion of amounts payable after more than one year | 42 | €154,319 | €283,086 | +€128,767 | +83.4% |
| Financial debts | 43 | €732,496 | €150,000 | -€582,496 | -79.5% |
| Credit institutions | 430/8 | €596,560 | €150,000 | -€446,560 | -74.9% |
| Other loans | 439 | €135,936 | - | -€135,936 | |
| Trade debts | 44 | €84,298 | €3,793 | -€80,505 | -95.5% |
| Suppliers | 440/4 | €84,298 | €3,793 | -€80,505 | -95.5% |
| Taxes, remuneration and social security | 45 | €43,547 | €13,579 | -€29,968 | -68.8% |
| Taxes | 450/3 | €43,547 | €13,579 | -€29,968 | -68.8% |
| Other amounts payable | 47/48 | €332,319 | €0 | -€332,319 | -100% |
| Accrued charges and deferred income | 492/3 | €235,017 | €0 | -€235,017 | -100% |
| Non-recurring operating income | 76A | - | €16,000 | +€16,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,963 | €121,671 | -€7,292 | -5.7% |
| Other operating charges | 640/8 | €20,636 | €20,156 | -€480 | -2.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €280,282 | €112,689 | -€167,593 | -59.8% |
| Operating profit (loss) | 9901 | €130,684 | -€29,137 | -€159,821 | |
| Financial income | 75/76B | €36,568 | €929 | -€35,638 | -97.5% |
| Recurring financial income | 75 | €36,568 | €0 | -€36,567 | -100.0% |
| Non-recurring financial income | 76B | - | €929 | +€929 | |
| Financial charges | 65/66B | €102,494 | €716,234 | +€613,740 | +599% |
| Recurring financial charges | 65 | €102,494 | €95,144 | -€7,350 | -7.2% |
| Non-recurring financial charges | 66B | - | €621,090 | +€621,090 | |
| Profit (loss) for the period before taxes | 9903 | €64,757 | -€744,442 | -€809,199 | |
| Income taxes | 67/77 | €12,537 | €102 | -€12,435 | -99.2% |
| Profit (loss) for the period | 9904 | €52,220 | -€744,544 | -€796,764 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,220 | -€744,544 | -€796,764 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.