BACKX: 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.
BACKX
Largest movements
- Tangible fixed assets -€34,241
down €34,241 (-9.1%), from €377,277 to €343,036
of which Leasing and similar rights: -€47,160
- Cash -€16,164
down €16,164 (-99.5%), from €16,249 to €85
mainly Debts after one year (-€61,861) and Other debts (-€19,253)
- Debts after one year -€61,861
down €61,861 (-61.9%), from €100,000 to €38,139
- Revaluation surpluses -€47,160
down €47,160 (-11.1%), from €424,436 to €377,277
- Reserves +€47,160
up €47,160 (+31.9%), from €147,678 to €194,837
of which Distributable reserves: +€47,160
- Current portion of long-term debt +€33,135
new in 2025: €33,135
- Other debts -€19,253
down €19,253 (-5.1%), from €375,192 to €355,939
- Gross operating margin +€9,894
up €9,894 (+24.2%), from €40,825 to €50,719
- Financial charges +€5,683
up €5,683 (+284.3%), from €1,999 to €7,681
- Other operating charges +€2,912
up €2,912 (+693.3%), from €420 to €3,332
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 | €894,961 | €853,473 | -€41,489 | -4.6% |
| Fixed assets | 21/28 | €393,127 | €358,886 | -€34,241 | -8.7% |
| Tangible fixed assets | 22/27 | €377,277 | €343,036 | -€34,241 | -9.1% |
| Land and buildings | 22 | - | €12,919 | +€12,919 | |
| Leasing and similar rights | 25 | €377,277 | €330,117 | -€47,160 | -12.5% |
| Financial fixed assets | 28 | €15,850 | €15,850 | = | 0.0% |
| Current assets | 29/58 | €501,835 | €494,586 | -€7,248 | -1.4% |
| Stocks and contracts in progress | 3 | €457,693 | €457,693 | = | 0.0% |
| Stocks | 30/36 | €457,693 | €457,693 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,586 | €28,220 | +€1,634 | +6.1% |
| Trade receivables | 40 | €26,586 | €28,220 | +€1,634 | +6.1% |
| Cash at bank and in hand | 54/58 | €16,249 | €85 | -€16,164 | -99.5% |
| Deferred charges and accrued income | 490/1 | €1,307 | €8,588 | +€7,281 | +557.2% |
| Total equity and liabilities | 10/49 | €894,961 | €853,473 | -€41,489 | -4.6% |
| Equity | 10/15 | €211,272 | €203,815 | -€7,457 | -3.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €424,436 | €377,277 | -€47,160 | -11.1% |
| Reserves | 13 | €147,678 | €194,837 | +€47,160 | +31.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €141,478 | €188,637 | +€47,160 | +33.3% |
| Profit (loss) carried forward | 14 | -€422,842 | -€430,299 | -€7,457 | -1.8% |
| Amounts payable | 17/49 | €683,689 | €649,657 | -€34,032 | -5.0% |
| Amounts payable after more than one year | 17 | €100,000 | €38,139 | -€61,861 | -61.9% |
| Financial debts | 170/4 | €100,000 | €38,139 | -€61,861 | -61.9% |
| Amounts payable within one year | 42/48 | €583,689 | €606,178 | +€22,488 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | - | €33,135 | +€33,135 | |
| Financial debts | 43 | - | €125 | +€125 | |
| Credit institutions | 430/8 | - | €125 | +€125 | |
| Trade debts | 44 | €208,497 | €211,417 | +€2,920 | +1.4% |
| Suppliers | 440/4 | €208,497 | €211,417 | +€2,920 | +1.4% |
| Taxes, remuneration and social security | 45 | €0 | €5,561 | +€5,561 | |
| Taxes | 450/3 | €0 | €5,561 | +€5,561 | |
| Other amounts payable | 47/48 | €375,192 | €355,939 | -€19,253 | -5.1% |
| Accrued charges and deferred income | 492/3 | - | €5,341 | +€5,341 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,160 | €47,163 | +€4 | 0.0% |
| Other operating charges | 640/8 | €420 | €3,332 | +€2,912 | +693.3% |
| Gross operating margin | 9900 | €40,825 | €50,719 | +€9,894 | +24.2% |
| Operating profit (loss) | 9901 | -€6,754 | €225 | +€6,979 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,999 | €7,681 | +€5,683 | +284.3% |
| Recurring financial charges | 65 | €1,999 | €7,681 | +€5,683 | +284.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,753 | -€7,457 | +€1,296 | +14.8% |
| Profit (loss) for the period | 9904 | -€8,753 | -€7,457 | +€1,296 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,753 | -€7,457 | +€1,296 | +14.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.