THE NXT PROJECT: 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.
THE NXT PROJECT
Largest movements
- Receivables within one year +€41,588
up €41,588 (+51.3%), from €81,081 to €122,669
of which Other amounts receivable: +€38,783
- Cash -€6,256
down €6,256 (-33.7%), from €18,560 to €12,304
mainly Receivables within one year (-€41,588) and Tax, wage and social debts (-€15,700)
- Tangible fixed assets -€1,472
down €1,472 (-36.0%), from €4,092 to €2,620
of which Plant, machinery and equipment: -€903
- Trade debts +€27,744
up €27,744 (+4598.0%), from €603 to €28,347
- Reserves +€21,816
up €21,816 (+33.2%), from €65,749 to €87,565
- Tax, wage and social debts -€15,700
down €15,700 (-61.9%), from €25,381 to €9,681
- Gross operating margin -€22,873
down €22,873 (-38.8%), from €58,921 to €36,047
- Taxes -€8,342
down €8,342 (-49.3%), from €16,907 to €8,565
- Other operating charges +€8,208
up €8,208 (+13238.8%), from €62 to €8,270
- Financial income +€1,926
up €1,926 (+62.5%), from €3,084 to €5,010
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 | €103,734 | €137,593 | +€33,860 | +32.6% |
| Fixed assets | 21/28 | €4,092 | €2,620 | -€1,472 | -36.0% |
| Tangible fixed assets | 22/27 | €4,092 | €2,620 | -€1,472 | -36.0% |
| Plant, machinery and equipment | 23 | €2,784 | €1,881 | -€903 | -32.4% |
| Furniture and vehicles | 24 | €1,308 | €738 | -€569 | -43.5% |
| Current assets | 29/58 | €99,642 | €134,974 | +€35,332 | +35.5% |
| Amounts receivable within one year | 40/41 | €81,081 | €122,669 | +€41,588 | +51.3% |
| Trade receivables | 40 | €3,486 | €6,291 | +€2,805 | +80.5% |
| Other amounts receivable | 41 | €77,595 | €116,378 | +€38,783 | +50.0% |
| Cash at bank and in hand | 54/58 | €18,560 | €12,304 | -€6,256 | -33.7% |
| Total equity and liabilities | 10/49 | €103,734 | €137,593 | +€33,860 | +32.6% |
| Equity | 10/15 | €77,749 | €99,565 | +€21,816 | +28.1% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €65,749 | €87,565 | +€21,816 | +33.2% |
| Distributable reserves | 133 | €65,749 | €87,565 | +€21,816 | +33.2% |
| Amounts payable | 17/49 | €25,985 | €38,028 | +€12,044 | +46.3% |
| Amounts payable within one year | 42/48 | €25,985 | €38,028 | +€12,044 | +46.3% |
| Trade debts | 44 | €603 | €28,347 | +€27,744 | +4598.0% |
| Suppliers | 440/4 | €603 | €28,347 | +€27,744 | +4598.0% |
| Taxes, remuneration and social security | 45 | €25,381 | €9,681 | -€15,700 | -61.9% |
| Taxes | 450/3 | €25,381 | €9,681 | -€15,700 | -61.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,303 | €1,472 | +€169 | +13.0% |
| Other operating charges | 640/8 | €62 | €8,270 | +€8,208 | +13238.8% |
| Gross operating margin | 9900 | €58,921 | €36,047 | -€22,873 | -38.8% |
| Operating profit (loss) | 9901 | €57,556 | €26,305 | -€31,251 | -54.3% |
| Financial income | 75/76B | €3,084 | €5,010 | +€1,926 | +62.5% |
| Recurring financial income | 75 | €3,084 | €5,010 | +€1,926 | +62.5% |
| Financial charges | 65/66B | €659 | €934 | +€275 | +41.7% |
| Recurring financial charges | 65 | €659 | €934 | +€275 | +41.7% |
| Profit (loss) for the period before taxes | 9903 | €59,981 | €30,381 | -€29,599 | -49.3% |
| Income taxes | 67/77 | €16,907 | €8,565 | -€8,342 | -49.3% |
| Profit (loss) for the period | 9904 | €43,074 | €21,816 | -€21,258 | -49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,074 | €21,816 | -€21,258 | -49.4% |
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 7 October 2026 via checked.be.