Next Level Group: 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.
Next Level Group
Largest movements
- Tangible fixed assets -€45,610
down €45,610 (-34.0%), from €134,334 to €88,724
of which Plant, machinery and equipment: -€23,958
- Deferred charges and accrued income +€15,796
new in 2025: €15,796
- Receivables within one year +€9,662
up €9,662 (+700%), from €1,381 to €11,043
of which Trade receivables: +€9,118
- Cash +€3,317
up €3,317 (+37.6%), from €8,825 to €12,142
mainly Depreciation (+€48,979) and Other debts (+€15,000)
- Profit (loss) carried forward -€32,951
down €32,951 (-62.3%), from -€52,854 to -€85,805
- Debts after one year -€15,945
down €15,945 (-17.4%), from €91,543 to €75,598
- Other debts +€15,000
new in 2025: €15,000
- Trade debts +€14,708
up €14,708 (+272%), from €5,399 to €20,106
- Current portion of long-term debt -€11,420
down €11,420 (-25.5%), from €44,713 to €33,293
- Staff costs +€15,565
up €15,565 (+49.4%), from €31,489 to €47,053
- Gross operating margin +€13,629
up €13,629 (+19.6%), from €69,394 to €83,023
- Other operating charges -€6,849
down €6,849 (-41.4%), from €16,553 to €9,704
- Financial charges +€4,879
up €4,879 (+91.0%), from €5,362 to €10,241
of which Financial charges: +€4,807
- Depreciation +€958
up €958 (+2.0%), from €48,021 to €48,979
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 | €151,500 | €134,666 | -€16,834 | -11.1% |
| Fixed assets | 21/28 | €134,334 | €88,724 | -€45,610 | -34.0% |
| Tangible fixed assets | 22/27 | €134,334 | €88,724 | -€45,610 | -34.0% |
| Plant, machinery and equipment | 23 | €38,174 | €14,216 | -€23,958 | -62.8% |
| Furniture and vehicles | 24 | €28,892 | €25,241 | -€3,651 | -12.6% |
| Other tangible fixed assets | 26 | €67,268 | €49,267 | -€18,001 | -26.8% |
| Current assets | 29/58 | €17,166 | €45,942 | +€28,776 | +168% |
| Stocks and contracts in progress | 3 | €6,960 | €6,960 | = | 0.0% |
| Stocks | 30/36 | €6,960 | €6,960 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,381 | €11,043 | +€9,662 | +700% |
| Trade receivables | 40 | €827 | €9,946 | +€9,118 | +1,102% |
| Other amounts receivable | 41 | €554 | €1,098 | +€544 | +98.3% |
| Cash at bank and in hand | 54/58 | €8,825 | €12,142 | +€3,317 | +37.6% |
| Deferred charges and accrued income | 490/1 | - | €15,796 | +€15,796 | |
| Total equity and liabilities | 10/49 | €151,500 | €134,666 | -€16,834 | -11.1% |
| Equity | 10/15 | €7,146 | -€25,805 | -€32,951 | |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,854 | -€85,805 | -€32,951 | -62.3% |
| Amounts payable | 17/49 | €144,354 | €160,470 | +€16,117 | +11.2% |
| Amounts payable after more than one year | 17 | €91,543 | €75,598 | -€15,945 | -17.4% |
| Financial debts | 170/4 | €91,543 | €75,598 | -€15,945 | -17.4% |
| Amounts payable within one year | 42/48 | €52,811 | €81,497 | +€28,686 | +54.3% |
| Current portion of amounts payable after more than one year | 42 | €44,713 | €33,293 | -€11,420 | -25.5% |
| Trade debts | 44 | €5,399 | €20,106 | +€14,708 | +272% |
| Suppliers | 440/4 | €5,399 | €20,106 | +€14,708 | +272% |
| Advances received on contracts in progress | 46 | €2,700 | €4,867 | +€2,167 | +80.2% |
| Taxes, remuneration and social security | 45 | - | €8,231 | +€8,231 | |
| Taxes | 450/3 | - | €2,105 | +€2,105 | |
| Remuneration and social security | 454/9 | - | €6,126 | +€6,126 | |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Accrued charges and deferred income | 492/3 | - | €3,375 | +€3,375 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €31,489 | €47,053 | +€15,565 | +49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,021 | €48,979 | +€958 | +2.0% |
| Other operating charges | 640/8 | €16,553 | €9,704 | -€6,849 | -41.4% |
| Gross operating margin | 9900 | €69,394 | €83,023 | +€13,629 | +19.6% |
| Operating profit (loss) | 9901 | -€26,669 | -€22,714 | +€3,955 | +14.8% |
| Financial income | 75/76B | €0 | €4 | +€4 | +17,750% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +17,750% |
| Financial charges | 65/66B | €5,362 | €10,241 | +€4,879 | +91.0% |
| Recurring financial charges | 65 | €5,362 | €10,169 | +€4,807 | +89.7% |
| Non-recurring financial charges | 66B | - | €72 | +€72 | |
| Profit (loss) for the period before taxes | 9903 | -€32,031 | -€32,951 | -€920 | -2.9% |
| Profit (loss) for the period | 9904 | -€32,031 | -€32,951 | -€920 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,031 | -€32,951 | -€920 | -2.9% |
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 22 October 2026 via checked.be.