8RX: 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.
8RX
Largest movements
- Receivables after one year -€15,000
down €15,000 (-50.0%), from €30,000 to €15,000
- Tangible fixed assets -€9,519
down €9,519 (-13.5%), from €70,618 to €61,099
of which Other tangible fixed assets: -€7,713
- Receivables within one year -€5,676
down €5,676 (-13.7%), from €41,512 to €35,836
of which Other amounts receivable: -€11,047
- Other debts +€221,156
up €221,156 (+2,718%), from €8,137 to €229,293
- Reserves -€200,478
down €200,478 (-90.0%), from €222,754 to €22,276
- Debts after one year -€31,015
down €31,015 (-32.1%), from €96,724 to €65,708
- Tax, wage and social debts -€27,837
down €27,837 (-57.8%), from €48,171 to €20,334
- Trade debts +€6,531
up €6,531 (+139%), from €4,683 to €11,213
- Gross operating margin +€7,484
up €7,484 (+6.6%), from €113,764 to €121,248
- Taxes +€1,545
up €1,545 (+6.8%), from €22,731 to €24,276
- Financial charges -€1,399
down €1,399 (-19.3%), from €7,232 to €5,833
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 | €413,213 | €380,340 | -€32,874 | -8.0% |
| Fixed assets | 21/28 | €310,037 | €300,518 | -€9,519 | -3.1% |
| Tangible fixed assets | 22/27 | €70,618 | €61,099 | -€9,519 | -13.5% |
| Plant, machinery and equipment | 23 | €2,572 | €2,225 | -€347 | -13.5% |
| Furniture and vehicles | 24 | €1,459 | €0 | -€1,459 | -100% |
| Other tangible fixed assets | 26 | €66,587 | €58,874 | -€7,713 | -11.6% |
| Financial fixed assets | 28 | €239,419 | €239,419 | = | 0.0% |
| Current assets | 29/58 | €103,177 | €79,822 | -€23,355 | -22.6% |
| Amounts receivable after more than one year | 29 | €30,000 | €15,000 | -€15,000 | -50.0% |
| Other amounts receivable | 291 | €30,000 | €15,000 | -€15,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €41,512 | €35,836 | -€5,676 | -13.7% |
| Trade receivables | 40 | €4,801 | €10,172 | +€5,371 | +112% |
| Other amounts receivable | 41 | €36,712 | €25,665 | -€11,047 | -30.1% |
| Cash at bank and in hand | 54/58 | €29,441 | €25,969 | -€3,473 | -11.8% |
| Deferred charges and accrued income | 490/1 | €2,223 | €3,017 | +€794 | +35.7% |
| Total equity and liabilities | 10/49 | €413,213 | €380,340 | -€32,874 | -8.0% |
| Equity | 10/15 | €222,854 | €22,376 | -€200,478 | -90.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €222,754 | €22,276 | -€200,478 | -90.0% |
| Distributable reserves | 133 | €222,754 | €22,276 | -€200,478 | -90.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €190,360 | €357,964 | +€167,604 | +88.0% |
| Amounts payable after more than one year | 17 | €96,724 | €65,708 | -€31,015 | -32.1% |
| Financial debts | 170/4 | €96,724 | €65,708 | -€31,015 | -32.1% |
| Amounts payable within one year | 42/48 | €93,249 | €291,856 | +€198,607 | +213% |
| Current portion of amounts payable after more than one year | 42 | €32,258 | €31,015 | -€1,243 | -3.9% |
| Trade debts | 44 | €4,683 | €11,213 | +€6,531 | +139% |
| Suppliers | 440/4 | €4,683 | €11,213 | +€6,531 | +139% |
| Taxes, remuneration and social security | 45 | €48,171 | €20,334 | -€27,837 | -57.8% |
| Taxes | 450/3 | €48,171 | €20,334 | -€27,837 | -57.8% |
| Other amounts payable | 47/48 | €8,137 | €229,293 | +€221,156 | +2,718% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,683 | €9,519 | -€165 | -1.7% |
| Other operating charges | 640/8 | €770 | €834 | +€64 | +8.4% |
| Gross operating margin | 9900 | €113,764 | €121,248 | +€7,484 | +6.6% |
| Operating profit (loss) | 9901 | €103,311 | €110,895 | +€7,584 | +7.3% |
| Financial income | 75/76B | €2,306 | €1,491 | -€816 | -35.4% |
| Recurring financial income | 75 | €2,306 | €1,491 | -€816 | -35.4% |
| Financial charges | 65/66B | €7,232 | €5,833 | -€1,399 | -19.3% |
| Recurring financial charges | 65 | €7,232 | €5,833 | -€1,399 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €98,385 | €106,552 | +€8,167 | +8.3% |
| Income taxes | 67/77 | €22,731 | €24,276 | +€1,545 | +6.8% |
| Profit (loss) for the period | 9904 | €75,653 | €82,276 | +€6,623 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €75,653 | €82,276 | +€6,623 | +8.8% |
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 26 October 2026 via checked.be.