53X11: 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.
53X11
Largest movements
- Cash +€82,502
up €82,502 (+45.8%), from €180,090 to €262,592
mainly Net result for the year (+€68,717) and Receivables within one year (+€41,604)
- Receivables within one year -€41,604
down €41,604 (-43.7%), from €95,095 to €53,491
- Profit (loss) carried forward +€68,717
up €68,717 (+31.8%), from €215,891 to €284,607
- Tax, wage and social debts -€24,678
down €24,678 (-45.6%), from €54,148 to €29,470
- Other debts -€4,808
down €4,808 (-91.2%), from €5,270 to €462
- Trade debts -€4,261
down €4,261 (-78.9%), from €5,402 to €1,141
- Gross operating margin -€91,893
down €91,893 (-48.8%), from €188,188 to €96,295
- Taxes -€22,744
down €22,744 (-53.8%), from €42,298 to €19,554
- Financial charges +€2,116
up €2,116 (+249%), from €850 to €2,966
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 | €283,710 | €319,723 | +€36,012 | +12.7% |
| Fixed assets | 21/28 | €5,482 | €3,639 | -€1,843 | -33.6% |
| Tangible fixed assets | 22/27 | €5,482 | €3,639 | -€1,843 | -33.6% |
| Plant, machinery and equipment | 23 | €2,388 | €2,735 | +€347 | +14.5% |
| Furniture and vehicles | 24 | €3,094 | €904 | -€2,190 | -70.8% |
| Current assets | 29/58 | €278,228 | €316,083 | +€37,855 | +13.6% |
| Amounts receivable within one year | 40/41 | €95,095 | €53,491 | -€41,604 | -43.7% |
| Trade receivables | 40 | €95,095 | €53,491 | -€41,604 | -43.7% |
| Cash at bank and in hand | 54/58 | €180,090 | €262,592 | +€82,502 | +45.8% |
| Deferred charges and accrued income | 490/1 | €3,043 | €0 | -€3,043 | -100% |
| Total equity and liabilities | 10/49 | €283,710 | €319,723 | +€36,012 | +12.7% |
| Equity | 10/15 | €218,891 | €287,607 | +€68,717 | +31.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,891 | €284,607 | +€68,717 | +31.8% |
| Amounts payable | 17/49 | €64,820 | €32,115 | -€32,705 | -50.5% |
| Amounts payable within one year | 42/48 | €64,820 | €31,073 | -€33,747 | -52.1% |
| Trade debts | 44 | €5,402 | €1,141 | -€4,261 | -78.9% |
| Suppliers | 440/4 | €5,402 | €1,141 | -€4,261 | -78.9% |
| Taxes, remuneration and social security | 45 | €54,148 | €29,470 | -€24,678 | -45.6% |
| Taxes | 450/3 | €54,148 | €29,470 | -€24,678 | -45.6% |
| Other amounts payable | 47/48 | €5,270 | €462 | -€4,808 | -91.2% |
| Accrued charges and deferred income | 492/3 | - | €1,042 | +€1,042 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,944 | €3,742 | +€798 | +27.1% |
| Other operating charges | 640/8 | €305 | €1,317 | +€1,012 | +331% |
| Gross operating margin | 9900 | €188,188 | €96,295 | -€91,893 | -48.8% |
| Operating profit (loss) | 9901 | €184,939 | €91,236 | -€93,702 | -50.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €850 | €2,966 | +€2,116 | +249% |
| Recurring financial charges | 65 | €850 | €2,966 | +€2,116 | +249% |
| Profit (loss) for the period before taxes | 9903 | €184,089 | €88,271 | -€95,818 | -52.0% |
| Income taxes | 67/77 | €42,298 | €19,554 | -€22,744 | -53.8% |
| Profit (loss) for the period | 9904 | €141,791 | €68,717 | -€73,074 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €141,791 | €68,717 | -€73,074 | -51.5% |
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 15 October 2026 via checked.be.