Nexus Nova: 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 Nova
Largest movements
- Current investments +€3.0m
new in 2025: €3.0m
- Cash -€1.7m
down €1.7m (-56.1%), from €3.0m to €1.3m
mainly Current investments (-€3.0m) and Trade debts (-€2.4m)
- Receivables within one year +€974,310
up €974,310 (+8.9%), from €10.9m to €11.9m
of which Trade receivables: +€745,304
- Tangible fixed assets -€552,276
down €552,276 (-5.7%), from €9.6m to €9.1m
of which Furniture and vehicles: -€359,075
- Other debts +€2.7m
up €2.7m (+165%), from €1.6m to €4.4m
- Profit (loss) carried forward +€2.5m
up €2.5m (+30.8%), from €8.0m to €10.4m
- Trade debts -€2.4m
down €2.4m (-98.3%), from €2.4m to €41,485
- Debts after one year -€615,902
down €615,902 (-11.8%), from €5.2m to €4.6m
of which Financial debts: -€616,602
- Financial income +€1.6m
up €1.6m (+160%), from €985,278 to €2.6m
- Staff costs -€371,160
down €371,160 (-43.5%), from €852,792 to €481,632
- Gross operating margin -€335,288
down €335,288 (-16.2%), from €2.1m to €1.7m
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 | €36,133,927 | €37,958,119 | +€1.8m | +5.0% |
| Fixed assets | 21/28 | €22,085,075 | €21,519,428 | -€565,646 | -2.6% |
| Intangible fixed assets | 21 | €77,476 | €64,105 | -€13,371 | -17.3% |
| Tangible fixed assets | 22/27 | €9,614,017 | €9,061,741 | -€552,276 | -5.7% |
| Land and buildings | 22 | €7,148,603 | €6,921,503 | -€227,101 | -3.2% |
| Furniture and vehicles | 24 | €1,699,414 | €1,340,339 | -€359,075 | -21.1% |
| Other tangible fixed assets | 26 | €766,000 | €799,900 | +€33,900 | +4.4% |
| Financial fixed assets | 28 | €12,393,582 | €12,393,582 | = | 0.0% |
| Current assets | 29/58 | €14,048,852 | €16,438,690 | +€2.4m | +17.0% |
| Amounts receivable within one year | 40/41 | €10,924,017 | €11,898,328 | +€974,310 | +8.9% |
| Trade receivables | 40 | €1,125,277 | €1,870,581 | +€745,304 | +66.2% |
| Other amounts receivable | 41 | €9,798,741 | €10,027,747 | +€229,006 | +2.3% |
| Current investments | 50/53 | - | €3,000,000 | +€3.0m | |
| Cash at bank and in hand | 54/58 | €2,955,272 | €1,296,527 | -€1.7m | -56.1% |
| Deferred charges and accrued income | 490/1 | €169,563 | €243,836 | +€74,272 | +43.8% |
| Total equity and liabilities | 10/49 | €36,133,927 | €37,958,119 | +€1.8m | +5.0% |
| Equity | 10/15 | €25,549,264 | €28,003,712 | +€2.5m | +9.6% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Revaluation surpluses | 12 | €227,828 | €227,828 | = | 0.0% |
| Reserves | 13 | €16,593,750 | €16,593,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €16,575,000 | €16,575,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,977,686 | €10,432,133 | +€2.5m | +30.8% |
| Amounts payable | 17/49 | €10,584,663 | €9,954,407 | -€630,256 | -6.0% |
| Amounts payable after more than one year | 17 | €5,220,366 | €4,604,464 | -€615,902 | -11.8% |
| Financial debts | 170/4 | €5,213,676 | €4,597,074 | -€616,602 | -11.8% |
| Other amounts payable | 178/9 | €6,690 | €7,390 | +€700 | +10.5% |
| Amounts payable within one year | 42/48 | €5,364,297 | €5,349,943 | -€14,353 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €996,645 | €769,599 | -€227,046 | -22.8% |
| Trade debts | 44 | €2,438,899 | €41,485 | -€2.4m | -98.3% |
| Suppliers | 440/4 | €2,438,899 | €41,485 | -€2.4m | -98.3% |
| Taxes, remuneration and social security | 45 | €280,388 | €166,260 | -€114,128 | -40.7% |
| Taxes | 450/3 | €146,351 | €97,499 | -€48,852 | -33.4% |
| Remuneration and social security | 454/9 | €134,037 | €68,761 | -€65,276 | -48.7% |
| Other amounts payable | 47/48 | €1,648,365 | €4,372,599 | +€2.7m | +165% |
| Remuneration, social security and pensions | 62 | €852,792 | €481,632 | -€371,160 | -43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €660,235 | €673,961 | +€13,726 | +2.1% |
| Other operating charges | 640/8 | €62,112 | €61,183 | -€930 | -1.5% |
| Non-recurring operating charges | 66A | - | €42,917 | +€42,917 | |
| Gross operating margin | 9900 | €2,070,428 | €1,735,140 | -€335,288 | -16.2% |
| Operating profit (loss) | 9901 | €495,289 | €475,448 | -€19,841 | -4.0% |
| Financial income | 75/76B | €985,278 | €2,564,088 | +€1.6m | +160% |
| Recurring financial income | 75 | €985,278 | €2,564,088 | +€1.6m | +160% |
| Financial charges | 65/66B | €417,594 | €407,013 | -€10,581 | -2.5% |
| Recurring financial charges | 65 | €417,594 | €407,013 | -€10,581 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €1,062,973 | €2,632,523 | +€1.6m | +148% |
| Income taxes | 67/77 | €183,330 | €178,076 | -€5,254 | -2.9% |
| Profit (loss) for the period | 9904 | €879,643 | €2,454,448 | +€1.6m | +179% |
| Profit (loss) for the period to be appropriated | 9905 | €879,643 | €2,454,448 | +€1.6m | +179% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.