NX Concept: what changed
Two fiscal 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.
NX Concept
Largest movements
- Tangible fixed assets -€37,653
down €37,653 (-10.9%), from €347,010 to €309,357
of which Land and buildings: -€20,584
- Cash -€12,812
down €12,812 (-67.2%), from €19,068 to €6,256
mainly Debts after one year (-€55,934) and Trade debts (-€40,146)
- Receivables within one year -€12,654
down €12,654 (-68.0%), from €18,596 to €5,942
- Debts after one year -€55,934
down €55,934 (-13.9%), from €402,285 to €346,351
of which Financial debts: -€44,565
- Trade debts -€40,146
down €40,146 (-39.1%), from €102,568 to €62,422
- Tax, wage and social debts +€23,720
up €23,720 (+73.1%), from €32,434 to €56,154
of which Remuneration and social security: +€13,956
- Staff costs +€65,791
up €65,791 (+80.7%), from €81,563 to €147,354
- Gross operating margin +€65,633
up €65,633 (+44.8%), from €146,636 to €212,270
- Financial income +€5,696
up €5,696 (+3337.2%), from €171 to €5,866
- Depreciation +€3,262
up €3,262 (+7.1%), from €46,152 to €49,414
- Financial charges +€2,949
up €2,949 (+21.3%), from €13,842 to €16,791
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.
Cash bridge derived
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 | €619,798 | €550,232 | -€69,565 | -11.2% |
| Fixed assets | 21/28 | €347,235 | €309,582 | -€37,653 | -10.8% |
| Tangible fixed assets | 22/27 | €347,010 | €309,357 | -€37,653 | -10.9% |
| Land and buildings | 22 | €282,896 | €262,312 | -€20,584 | -7.3% |
| Plant, machinery and equipment | 23 | €13,501 | €11,110 | -€2,391 | -17.7% |
| Furniture and vehicles | 24 | €50,613 | €35,935 | -€14,678 | -29.0% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €272,562 | €240,650 | -€31,912 | -11.7% |
| Stocks and contracts in progress | 3 | €232,371 | €228,371 | -€4,000 | -1.7% |
| Stocks | 30/36 | €232,371 | €228,371 | -€4,000 | -1.7% |
| Amounts receivable within one year | 40/41 | €18,596 | €5,942 | -€12,654 | -68.0% |
| Trade receivables | 40 | €18,596 | €5,942 | -€12,654 | -68.0% |
| Cash at bank and in hand | 54/58 | €19,068 | €6,256 | -€12,812 | -67.2% |
| Deferred charges and accrued income | 490/1 | €2,528 | €81 | -€2,446 | -96.8% |
| Total equity and liabilities | 10/49 | €619,798 | €550,232 | -€69,565 | -11.2% |
| Equity | 10/15 | €20,579 | €20,917 | +€338 | +1.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €10,579 | €10,917 | +€338 | +3.2% |
| Distributable reserves | 133 | €10,579 | €10,917 | +€338 | +3.2% |
| Amounts payable | 17/49 | €599,219 | €529,315 | -€69,903 | -11.7% |
| Amounts payable after more than one year | 17 | €402,285 | €346,351 | -€55,934 | -13.9% |
| Financial debts | 170/4 | €294,239 | €249,674 | -€44,565 | -15.1% |
| Other amounts payable | 178/9 | €108,045 | €96,677 | -€11,369 | -10.5% |
| Amounts payable within one year | 42/48 | €194,434 | €182,965 | -€11,469 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €59,432 | €64,388 | +€4,956 | +8.3% |
| Trade debts | 44 | €102,568 | €62,422 | -€40,146 | -39.1% |
| Suppliers | 440/4 | €102,568 | €62,422 | -€40,146 | -39.1% |
| Taxes, remuneration and social security | 45 | €32,434 | €56,154 | +€23,720 | +73.1% |
| Taxes | 450/3 | €14,800 | €24,564 | +€9,764 | +66.0% |
| Remuneration and social security | 454/9 | €17,635 | €31,591 | +€13,956 | +79.1% |
| Accrued charges and deferred income | 492/3 | €2,500 | - | -€2,500 | |
| Remuneration, social security and pensions | 62 | €81,563 | €147,354 | +€65,791 | +80.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,152 | €49,414 | +€3,262 | +7.1% |
| Other operating charges | 640/8 | €1,773 | €4,205 | +€2,432 | +137.1% |
| Gross operating margin | 9900 | €146,636 | €212,270 | +€65,633 | +44.8% |
| Operating profit (loss) | 9901 | €17,148 | €11,297 | -€5,851 | -34.1% |
| Financial income | 75/76B | €171 | €5,866 | +€5,696 | +3337.2% |
| Recurring financial income | 75 | €171 | €5,866 | +€5,696 | +3337.2% |
| Financial charges | 65/66B | €13,842 | €16,791 | +€2,949 | +21.3% |
| Recurring financial charges | 65 | €13,842 | €16,791 | +€2,949 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €3,476 | €372 | -€3,105 | -89.3% |
| Income taxes | 67/77 | €316 | €34 | -€282 | -89.3% |
| Profit (loss) for the period | 9904 | €3,160 | €338 | -€2,823 | -89.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,160 | €338 | -€2,823 | -89.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.