NXT Gear: 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.
NXT Gear
Largest movements
- Stocks and contracts +€194,489
up €194,489 (+17.9%), from €1.1m to €1.3m
- Formation expenses +€99,399
new in 2025: €99,399
- Receivables within one year -€43,338
down €43,338 (-11.5%), from €377,188 to €333,850
of which Trade receivables: -€156,583
- Tangible fixed assets -€30,215
down €30,215 (-6.1%), from €498,876 to €468,661
of which Land and buildings: -€22,143
- Intangible fixed assets -€30,200
down €30,200 (-13.6%), from €221,467 to €191,267
- Trade debts +€226,752
up €226,752 (+81.6%), from €277,946 to €504,698
- Reserves -€98,511
down €98,511 (-55.6%), from €177,069 to €78,558
of which Distributable reserves: -€98,511
- Tax, wage and social debts +€27,115
up €27,115 (+17.8%), from €152,074 to €179,189
of which Taxes: +€33,406
- Staff costs +€36,318
up €36,318 (+10.5%), from €344,750 to €381,068
- Gross operating margin -€33,866
down €33,866 (-7.5%), from €449,782 to €415,916
- Financial charges +€11,780
up €11,780 (+21.8%), from €54,078 to €65,858
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 | €2,265,401 | €2,432,693 | +€167,292 | +7.4% |
| Formation expenses | 20 | - | €99,399 | +€99,399 | |
| Fixed assets | 21/28 | €735,246 | €678,326 | -€56,921 | -7.7% |
| Intangible fixed assets | 21 | €221,467 | €191,267 | -€30,200 | -13.6% |
| Tangible fixed assets | 22/27 | €498,876 | €468,661 | -€30,215 | -6.1% |
| Land and buildings | 22 | €405,766 | €383,624 | -€22,143 | -5.5% |
| Plant, machinery and equipment | 23 | €8,762 | €5,600 | -€3,162 | -36.1% |
| Furniture and vehicles | 24 | €17,126 | €17,332 | +€207 | +1.2% |
| Other tangible fixed assets | 26 | €67,222 | €62,105 | -€5,117 | -7.6% |
| Financial fixed assets | 28 | €14,904 | €18,398 | +€3,495 | +23.4% |
| Current assets | 29/58 | €1,530,155 | €1,654,969 | +€124,814 | +8.2% |
| Stocks and contracts in progress | 3 | €1,085,574 | €1,280,063 | +€194,489 | +17.9% |
| Stocks | 30/36 | €1,085,574 | €1,280,063 | +€194,489 | +17.9% |
| Amounts receivable within one year | 40/41 | €377,188 | €333,850 | -€43,338 | -11.5% |
| Trade receivables | 40 | €357,998 | €201,415 | -€156,583 | -43.7% |
| Other amounts receivable | 41 | €19,190 | €132,435 | +€113,245 | +590% |
| Cash at bank and in hand | 54/58 | €67,393 | €41,056 | -€26,337 | -39.1% |
| Total equity and liabilities | 10/49 | €2,265,401 | €2,432,693 | +€167,292 | +7.4% |
| Equity | 10/15 | €670,661 | €572,150 | -€98,511 | -14.7% |
| Contributions | 10/11 | €493,592 | €493,592 | = | 0.0% |
| Reserves | 13 | €177,069 | €78,558 | -€98,511 | -55.6% |
| Tax-exempt reserves | 132 | €29,650 | €29,650 | = | 0.0% |
| Distributable reserves | 133 | €147,419 | €48,908 | -€98,511 | -66.8% |
| Amounts payable | 17/49 | €1,594,740 | €1,860,543 | +€265,803 | +16.7% |
| Amounts payable after more than one year | 17 | €261,166 | €261,005 | -€161 | -0.1% |
| Financial debts | 170/4 | €261,166 | €261,005 | -€161 | -0.1% |
| Amounts payable within one year | 42/48 | €1,333,575 | €1,599,538 | +€265,963 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €68,387 | €88,308 | +€19,921 | +29.1% |
| Financial debts | 43 | €828,833 | €821,494 | -€7,340 | -0.9% |
| Credit institutions | 430/8 | €828,833 | €821,494 | -€7,340 | -0.9% |
| Trade debts | 44 | €277,946 | €504,698 | +€226,752 | +81.6% |
| Suppliers | 440/4 | €277,946 | €504,698 | +€226,752 | +81.6% |
| Advances received on contracts in progress | 46 | - | €5,850 | +€5,850 | |
| Taxes, remuneration and social security | 45 | €152,074 | €179,189 | +€27,115 | +17.8% |
| Taxes | 450/3 | €112,312 | €145,718 | +€33,406 | +29.7% |
| Remuneration and social security | 454/9 | €39,762 | €33,471 | -€6,291 | -15.8% |
| Other amounts payable | 47/48 | €6,335 | - | -€6,335 | |
| Remuneration, social security and pensions | 62 | €344,750 | €381,068 | +€36,318 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,184 | €74,676 | -€1,507 | -2.0% |
| Other operating charges | 640/8 | €5,261 | €8,538 | +€3,277 | +62.3% |
| Gross operating margin | 9900 | €449,782 | €415,916 | -€33,866 | -7.5% |
| Operating profit (loss) | 9901 | €23,587 | -€48,366 | -€71,953 | |
| Financial income | 75/76B | €19,467 | €15,713 | -€3,754 | -19.3% |
| Recurring financial income | 75 | €19,467 | €15,713 | -€3,754 | -19.3% |
| Financial charges | 65/66B | €54,078 | €65,858 | +€11,780 | +21.8% |
| Recurring financial charges | 65 | €54,078 | €65,858 | +€11,780 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,024 | -€98,511 | -€87,487 | -794% |
| Income taxes | 67/77 | €1,816 | - | -€1,816 | |
| Profit (loss) for the period | 9904 | -€12,840 | -€98,511 | -€85,671 | -667% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,840 | -€98,511 | -€85,671 | -667% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.