NTX Holding: 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.
What changed
NTX Holding
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€12.6m
2024 · €100,232-€12.7m
Equity
€12.5m
2024 · €25.1m-€12.6m
Cash
€141,148
2024 · €115,007+€26,141
Balance sheet total
€12.9m
2024 · €25.4m-€12.5m
Largest movements
Assets
- Receivables after one year -€7.1m
down €7.1m (-100%), from €7.1m to €0
- Financial fixed assets -€5.9m
down €5.9m (-33.4%), from €17.8m to €11.8m
- Receivables within one year +€554,538
up €554,538 (+333%), from €166,326 to €720,864
of which Other amounts receivable: +€712,278
Equity and liabilities
- Profit (loss) carried forward -€12.6m
new in 2025: -€12.6m
Income statement
- Financial charges +€12.7m
up €12.7m (+1,047,341%), from €1,213 to €12.7m
of which Non-recurring financial charges: +€12.7m
- Services and other goods +€123,808
up €123,808 (+11.0%), from €1.1m to €1.2m
- Financial income +€56,788
up €56,788 (+39.8%), from €142,609 to €199,397
- Other operating charges -€28,063
down €28,063 (-98.1%), from €28,607 to €544
- Turnover +€15,944
up €15,944 (+1.4%), from €1.1m to €1.2m
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.
Result 2024
€100,232
Turnover
+€15,944
Other operating income
-€3,015
Services and other goods
-€123,808
Other operating charges
+€28,063
Financial income
+€56,788
Financial charges
-€12.7m
Taxes
+€8,867
Result 2025
-€12.6m
raises the resultlowers the result
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.
From operations
-€5.9m
Investment
+€5.9m
Financing
€0
Cash 2024
€115,007
From operations (derived)
-€5.9m
Net result for the year
-€12.6m
Depreciation
+€3,915
Receivables after one year
+€7.1m
Receivables within one year
-€554,538
Deferred charges and accrued income
-€37,194
Trade debts
+€239,704
Tax, wage and social debts
-€3,021
Other debts
-€68,838
Investment (derived)
+€5.9m
Investment in fixed assets (net)
+€5.9m
Cash 2025
€141,148
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,350,296 | €12,894,446 | -€12.5m | -49.1% |
| Formation expenses | 20 | €12,353 | €8,438 | -€3,915 | -31.7% |
| Fixed assets | 21/28 | €17,782,724 | €11,837,916 | -€5.9m | -33.4% |
| Financial fixed assets | 28 | €17,782,724 | €11,837,916 | -€5.9m | -33.4% |
| Affiliated companies | 280/1 | €17,782,724 | €11,837,916 | -€5.9m | -33.4% |
| Participating interests | 280 | €17,782,724 | €3,362,916 | -€14.4m | -81.1% |
| Amounts receivable | 281 | - | €8,475,000 | +€8.5m | |
| Current assets | 29/58 | €7,555,219 | €1,048,092 | -€6.5m | -86.1% |
| Amounts receivable after more than one year | 29 | €7,125,000 | €0 | -€7.1m | -100% |
| Other amounts receivable | 291 | €7,125,000 | €0 | -€7.1m | -100% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €166,326 | €720,864 | +€554,538 | +333% |
| Trade receivables | 40 | €157,740 | €0 | -€157,740 | -100% |
| Other amounts receivable | 41 | €8,586 | €720,864 | +€712,278 | +8,296% |
| Cash at bank and in hand | 54/58 | €115,007 | €141,148 | +€26,141 | +22.7% |
| Deferred charges and accrued income | 490/1 | €148,886 | €186,080 | +€37,194 | +25.0% |
| Total equity and liabilities | 10/49 | €25,350,296 | €12,894,446 | -€12.5m | -49.1% |
| Equity | 10/15 | €25,123,694 | €12,500,000 | -€12.6m | -50.2% |
| Contributions | 10/11 | €25,000,000 | €25,000,000 | = | 0.0% |
| Reserves | 13 | €123,694 | €50,520 | -€73,174 | -59.2% |
| Tax-exempt reserves | 132 | - | €50,520 | +€50,520 | |
| Distributable reserves | 133 | €123,694 | €0 | -€123,694 | -100% |
| Profit (loss) carried forward | 14 | - | -€12,550,520 | -€12.6m | |
| Amounts payable | 17/49 | €226,601 | €394,446 | +€167,845 | +74.1% |
| Amounts payable within one year | 42/48 | €226,601 | €394,446 | +€167,845 | +74.1% |
| Trade debts | 44 | €108,219 | €347,924 | +€239,704 | +221% |
| Suppliers | 440/4 | €108,219 | €347,924 | +€239,704 | +221% |
| Taxes, remuneration and social security | 45 | €37,544 | €34,522 | -€3,021 | -8.0% |
| Taxes | 450/3 | €37,544 | €34,522 | -€3,021 | -8.0% |
| Other amounts payable | 47/48 | €80,838 | €12,000 | -€68,838 | -85.2% |
| Operating income | 70/76A | €1,151,217 | €1,164,145 | +€12,929 | +1.1% |
| Turnover | 70 | €1,148,201 | €1,164,145 | +€15,944 | +1.4% |
| Other operating income | 74 | €3,015 | €0 | -€3,015 | -100% |
| Operating charges | 60/66A | €1,154,837 | €1,250,581 | +€95,745 | +8.3% |
| Services and other goods | 61 | €1,122,315 | €1,246,122 | +€123,808 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,915 | €3,915 | = | 0.0% |
| Other operating charges | 640/8 | €28,607 | €544 | -€28,063 | -98.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | -€3,620 | -€86,436 | -€82,816 | -2,288% |
| Financial income | 75/76B | €142,609 | €199,397 | +€56,788 | +39.8% |
| Recurring financial income | 75 | €142,609 | €199,397 | +€56,788 | +39.8% |
| Income from current assets | 751 | €142,609 | €199,385 | +€56,776 | +39.8% |
| Other financial income | 752/9 | - | €13 | +€13 | |
| Financial charges | 65/66B | €1,213 | €12,707,979 | +€12.7m | +1,047,341% |
| Recurring financial charges | 65 | €1,213 | €2,028 | +€814 | +67.1% |
| Debt charges | 650 | €947 | €1,178 | +€230 | +24.3% |
| Other financial charges | 652/9 | €266 | €850 | +€584 | +219% |
| Non-recurring financial charges | 66B | - | €12,705,951 | +€12.7m | |
| Profit (loss) for the period before taxes | 9903 | €137,776 | -€12,595,017 | -€12.7m | |
| Income taxes | 67/77 | €37,544 | €28,677 | -€8,867 | -23.6% |
| Taxes | 670/3 | €37,544 | €28,677 | -€8,867 | -23.6% |
| Profit (loss) for the period | 9904 | €100,232 | -€12,623,694 | -€12.7m | |
| Transfer to tax-exempt reserves | 689 | - | €50,520 | +€50,520 | |
| Profit (loss) for the period to be appropriated | 9905 | €100,232 | -€12,674,214 | -€12.8m |
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 27 October 2026 via checked.be.