REAL-NEXUS: 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.
REAL-NEXUS
Largest movements
- Cash -€14,799
down €14,799 (-40.4%), from €36,644 to €21,845
mainly Contributions, distributions and other (-€22,353) and Receivables within one year (-€9,639)
- Receivables within one year +€9,639
up €9,639 (+37.4%), from €25,753 to €35,392
of which Trade receivables: +€8,941
- Reserves -€4,844
down €4,844 (-24.1%), from €20,091 to €15,247
- Other debts -€2,647
down €2,647 (-10.6%), from €25,000 to €22,353
- Tax, wage and social debts +€1,627
up €1,627 (+9.8%), from €16,604 to €18,231
- Gross operating margin -€11,390
down €11,390 (-30.3%), from €37,555 to €26,165
- Taxes -€2,625
down €2,625 (-34.4%), from €7,643 to €5,017
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 | €65,769 | €60,492 | -€5,276 | -8.0% |
| Fixed assets | 21/28 | €3,154 | €3,194 | +€40 | +1.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €3,110 | €3,150 | +€40 | +1.3% |
| Plant, machinery and equipment | 23 | €2,767 | €1,840 | -€927 | -33.5% |
| Furniture and vehicles | 24 | €343 | €1,310 | +€967 | +282% |
| Financial fixed assets | 28 | €44 | €44 | = | 0.0% |
| Current assets | 29/58 | €62,615 | €57,298 | -€5,316 | -8.5% |
| Amounts receivable within one year | 40/41 | €25,753 | €35,392 | +€9,639 | +37.4% |
| Trade receivables | 40 | €25,753 | €34,695 | +€8,941 | +34.7% |
| Other amounts receivable | 41 | - | €698 | +€698 | |
| Cash at bank and in hand | 54/58 | €36,644 | €21,845 | -€14,799 | -40.4% |
| Deferred charges and accrued income | 490/1 | €217 | €61 | -€156 | -71.7% |
| Total equity and liabilities | 10/49 | €65,769 | €60,492 | -€5,276 | -8.0% |
| Equity | 10/15 | €22,591 | €17,747 | -€4,844 | -21.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €20,091 | €15,247 | -€4,844 | -24.1% |
| Distributable reserves | 133 | €20,091 | €15,247 | -€4,844 | -24.1% |
| Amounts payable | 17/49 | €43,178 | €42,746 | -€432 | -1.0% |
| Amounts payable within one year | 42/48 | €43,178 | €42,746 | -€432 | -1.0% |
| Trade debts | 44 | €1,574 | €2,162 | +€588 | +37.3% |
| Suppliers | 440/4 | €1,574 | €2,162 | +€588 | +37.3% |
| Taxes, remuneration and social security | 45 | €16,604 | €18,231 | +€1,627 | +9.8% |
| Taxes | 450/3 | €16,604 | €18,231 | +€1,627 | +9.8% |
| Other amounts payable | 47/48 | €25,000 | €22,353 | -€2,647 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,101 | €1,335 | +€234 | +21.2% |
| Other operating charges | 640/8 | €171 | €120 | -€51 | -29.8% |
| Gross operating margin | 9900 | €37,555 | €26,165 | -€11,390 | -30.3% |
| Operating profit (loss) | 9901 | €36,283 | €24,710 | -€11,573 | -31.9% |
| Financial charges | 65/66B | €2,192 | €2,184 | -€8 | -0.4% |
| Recurring financial charges | 65 | €2,192 | €2,184 | -€8 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €34,090 | €22,526 | -€11,564 | -33.9% |
| Income taxes | 67/77 | €7,643 | €5,017 | -€2,625 | -34.4% |
| Profit (loss) for the period | 9904 | €26,448 | €17,509 | -€8,939 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,448 | €17,509 | -€8,939 | -33.8% |
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 24 October 2026 via checked.be.