NEXUS KONSTRUCT: what changed
NEXUS KONSTRUCT
Largest movements
- Receivables within one year +€70,339
up €70,339 (+84.1%), from €83,597 to €153,936
of which Trade receivables: +€36,369
- Cash -€36,323
down €36,323 (-59.9%), from €60,658 to €24,334
mainly Receivables within one year (-€70,339) and Short-term financial debts (-€50,000)
- Stocks and contracts -€36,000
down €36,000 (-32.7%), from €110,000 to €74,000
- Deferred charges and accrued income -€6,499
down €6,499 (-41.9%), from €15,508 to €9,009
- Tangible fixed assets -€6,070
down €6,070 (-20.5%), from €29,626 to €23,555
of which Furniture and vehicles: -€7,449
- Short-term financial debts -€50,000
down €50,000 (-100%), from €50,000 to €0
- Reserves +€33,086
up €33,086 (+32.9%), from €100,681 to €133,767
- Trade debts +€21,484
up €21,484 (+31.0%), from €69,298 to €90,782
- Debts after one year -€14,900
down €14,900 (-42.6%), from €34,983 to €20,083
- Tax, wage and social debts -€6,738
down €6,738 (-52.9%), from €12,739 to €6,001
of which Remuneration and social security: -€6,569
- Gross operating margin +€50,728
up €50,728 (+16.4%), from €309,349 to €360,078
- Staff costs +€28,370
up €28,370 (+11.2%), from €253,448 to €281,819
- Depreciation -€8,688
down €8,688 (-32.8%), from €26,495 to €17,806
- Financial charges -€7,454
down €7,454 (-47.7%), from €15,631 to €8,176
- Taxes +€7,275
up €7,275 (+115%), from €6,324 to €13,599
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 | €302,388 | €287,835 | -€14,553 | -4.8% |
| Fixed assets | 21/28 | €32,626 | €26,555 | -€6,070 | -18.6% |
| Tangible fixed assets | 22/27 | €29,626 | €23,555 | -€6,070 | -20.5% |
| Plant, machinery and equipment | 23 | €13,483 | €14,862 | +€1,379 | +10.2% |
| Furniture and vehicles | 24 | €16,143 | €8,693 | -€7,449 | -46.1% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €269,762 | €261,279 | -€8,483 | -3.1% |
| Stocks and contracts in progress | 3 | €110,000 | €74,000 | -€36,000 | -32.7% |
| Stocks | 30/36 | €110,000 | €74,000 | -€36,000 | -32.7% |
| Amounts receivable within one year | 40/41 | €83,597 | €153,936 | +€70,339 | +84.1% |
| Trade receivables | 40 | €70,469 | €106,838 | +€36,369 | +51.6% |
| Other amounts receivable | 41 | €13,128 | €47,097 | +€33,970 | +259% |
| Cash at bank and in hand | 54/58 | €60,658 | €24,334 | -€36,323 | -59.9% |
| Deferred charges and accrued income | 490/1 | €15,508 | €9,009 | -€6,499 | -41.9% |
| Total equity and liabilities | 10/49 | €302,388 | €287,835 | -€14,553 | -4.8% |
| Equity | 10/15 | €119,281 | €152,367 | +€33,086 | +27.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €100,681 | €133,767 | +€33,086 | +32.9% |
| Distributable reserves | 133 | €100,681 | €133,767 | +€33,086 | +32.9% |
| Amounts payable | 17/49 | €183,107 | €135,468 | -€47,639 | -26.0% |
| Amounts payable after more than one year | 17 | €34,983 | €20,083 | -€14,900 | -42.6% |
| Financial debts | 170/4 | €34,983 | €20,083 | -€14,900 | -42.6% |
| Amounts payable within one year | 42/48 | €147,288 | €112,385 | -€34,902 | -23.7% |
| Current portion of amounts payable after more than one year | 42 | €14,256 | €14,900 | +€644 | +4.5% |
| Financial debts | 43 | €50,000 | €0 | -€50,000 | -100% |
| Credit institutions | 430/8 | €50,000 | €0 | -€50,000 | -100% |
| Trade debts | 44 | €69,298 | €90,782 | +€21,484 | +31.0% |
| Suppliers | 440/4 | €69,298 | €90,782 | +€21,484 | +31.0% |
| Taxes, remuneration and social security | 45 | €12,739 | €6,001 | -€6,738 | -52.9% |
| Taxes | 450/3 | €169 | €0 | -€169 | -100% |
| Remuneration and social security | 454/9 | €12,570 | €6,001 | -€6,569 | -52.3% |
| Other amounts payable | 47/48 | €995 | €702 | -€293 | -29.4% |
| Accrued charges and deferred income | 492/3 | €837 | €3,000 | +€2,163 | +259% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €253,448 | €281,819 | +€28,370 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,495 | €17,806 | -€8,688 | -32.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,304 | €6,206 | +€3,902 | +169% |
| Gross operating margin | 9900 | €309,349 | €360,078 | +€50,728 | +16.4% |
| Operating profit (loss) | 9901 | €27,102 | €54,247 | +€27,145 | +100% |
| Financial income | 75/76B | €2,645 | €614 | -€2,031 | -76.8% |
| Recurring financial income | 75 | €2,645 | €614 | -€2,031 | -76.8% |
| Financial charges | 65/66B | €15,631 | €8,176 | -€7,454 | -47.7% |
| Recurring financial charges | 65 | €15,631 | €8,176 | -€7,454 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €14,117 | €46,685 | +€32,568 | +231% |
| Income taxes | 67/77 | €6,324 | €13,599 | +€7,275 | +115% |
| Profit (loss) for the period | 9904 | €7,793 | €33,086 | +€25,293 | +325% |
| Profit (loss) for the period to be appropriated | 9905 | €7,793 | €33,086 | +€25,293 | +325% |
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 4 November 2026 via checked.be.