AnalogiX: 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.
AnalogiX
Largest movements
- Current investments -€57,822
down €57,822 (-34.7%), from €166,807 to €108,986
- Tangible fixed assets -€17,965
down €17,965 (-6.1%), from €296,901 to €278,936
of which Land and buildings: -€17,511
- Cash +€12,593
up €12,593 (+11.0%), from €114,606 to €127,199
mainly Net result for the year (+€93,175) and Current investments (+€57,822)
- Reserves -€53,550
down €53,550 (-18.6%), from €287,134 to €233,584
of which Distributable reserves: -€53,550
- Debts after one year -€19,615
down €19,615 (-8.7%), from €224,902 to €205,287
- Financial income +€43,328
up €43,328 (+4,261%), from €1,017 to €44,345
- Taxes +€5,635
up €5,635 (+24.2%), from €23,262 to €28,897
- Gross operating margin -€4,648
down €4,648 (-4.2%), from €110,335 to €105,687
- Depreciation -€1,860
down €1,860 (-8.0%), from €23,276 to €21,417
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 | €611,254 | €536,947 | -€74,306 | -12.2% |
| Fixed assets | 21/28 | €296,901 | €278,936 | -€17,965 | -6.1% |
| Tangible fixed assets | 22/27 | €296,901 | €278,936 | -€17,965 | -6.1% |
| Land and buildings | 22 | €287,161 | €269,650 | -€17,511 | -6.1% |
| Plant, machinery and equipment | 23 | €1,385 | €3,042 | +€1,657 | +120% |
| Furniture and vehicles | 24 | €8,355 | €6,245 | -€2,110 | -25.3% |
| Current assets | 29/58 | €314,352 | €258,011 | -€56,341 | -17.9% |
| Amounts receivable within one year | 40/41 | €24,041 | €18,781 | -€5,260 | -21.9% |
| Trade receivables | 40 | €14,702 | €18,361 | +€3,659 | +24.9% |
| Other amounts receivable | 41 | €9,339 | €420 | -€8,919 | -95.5% |
| Current investments | 50/53 | €166,807 | €108,986 | -€57,822 | -34.7% |
| Cash at bank and in hand | 54/58 | €114,606 | €127,199 | +€12,593 | +11.0% |
| Deferred charges and accrued income | 490/1 | €8,898 | €3,045 | -€5,853 | -65.8% |
| Total equity and liabilities | 10/49 | €611,254 | €536,947 | -€74,306 | -12.2% |
| Equity | 10/15 | €341,092 | €287,542 | -€53,550 | -15.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €287,134 | €233,584 | -€53,550 | -18.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €285,274 | €231,724 | -€53,550 | -18.8% |
| Profit (loss) carried forward | 14 | €41,558 | €41,558 | = | 0.0% |
| Amounts payable | 17/49 | €270,161 | €249,405 | -€20,756 | -7.7% |
| Amounts payable after more than one year | 17 | €224,902 | €205,287 | -€19,615 | -8.7% |
| Financial debts | 170/4 | €224,902 | €205,287 | -€19,615 | -8.7% |
| Amounts payable within one year | 42/48 | €45,259 | €44,118 | -€1,141 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €20,870 | €19,615 | -€1,255 | -6.0% |
| Trade debts | 44 | €2,177 | €2,114 | -€63 | -2.9% |
| Suppliers | 440/4 | €2,177 | €2,114 | -€63 | -2.9% |
| Taxes, remuneration and social security | 45 | €21,763 | €22,303 | +€540 | +2.5% |
| Taxes | 450/3 | €21,763 | €22,303 | +€540 | +2.5% |
| Other amounts payable | 47/48 | €449 | €86 | -€363 | -80.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,276 | €21,417 | -€1,860 | -8.0% |
| Other operating charges | 640/8 | €1,302 | €1,380 | +€78 | +6.0% |
| Gross operating margin | 9900 | €110,335 | €105,687 | -€4,648 | -4.2% |
| Operating profit (loss) | 9901 | €85,757 | €82,891 | -€2,866 | -3.3% |
| Financial income | 75/76B | €1,017 | €44,345 | +€43,328 | +4,261% |
| Recurring financial income | 75 | €1,017 | €44,345 | +€43,328 | +4,261% |
| Financial charges | 65/66B | €5,650 | €5,163 | -€487 | -8.6% |
| Recurring financial charges | 65 | €5,650 | €5,163 | -€487 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €81,123 | €122,072 | +€40,949 | +50.5% |
| Income taxes | 67/77 | €23,262 | €28,897 | +€5,635 | +24.2% |
| Profit (loss) for the period | 9904 | €57,861 | €93,175 | +€35,313 | +61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,861 | €93,175 | +€35,313 | +61.0% |
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 20 October 2026 via checked.be.