BACKX CHRIS: 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.
BACKX CHRIS
Largest movements
- Tangible fixed assets +€227,328
up €227,328 (+13.8%), from €1.7m to €1.9m
of which Land and buildings: +€495,701
- Current investments +€190,611
up €190,611 (+1,683,842%), from €11 to €190,622
- Receivables after one year +€144,134
new in 2025: €144,134
- Deferred charges and accrued income +€53,911
new in 2025: €53,911
- Receivables within one year -€37,029
down €37,029 (-28.0%), from €132,455 to €95,426
of which Other amounts receivable: -€37,542
- Debts after one year +€1.2m
up €1.2m (+206%), from €603,772 to €1.9m
of which Other amounts payable: +€1.0m
- Short-term financial debts -€425,000
no longer reported in 2025 (was €425,000)
- Other debts -€299,075
down €299,075 (-92.9%), from €322,092 to €23,017
- Trade debts +€48,516
up €48,516 (+384%), from €12,643 to €61,159
- Current portion of long-term debt +€25,974
up €25,974 (+36.3%), from €71,539 to €97,514
- Financial income -€593,703
down €593,703 (-99.2%), from €598,447 to €4,744
of which Non-recurring financial income: -€598,447
- Gross operating margin +€380,940
up €380,940, from -€22,288 to €358,652
- Staff costs -€88,015
down €88,015 (-49.0%), from €179,671 to €91,656
- Taxes -€44,270
down €44,270 (-89.2%), from €49,627 to €5,357
- Depreciation +€39,827
up €39,827 (+34.3%), from €116,113 to €155,941
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 | €1,790,909 | €2,391,110 | +€600,200 | +33.5% |
| Fixed assets | 21/28 | €1,650,563 | €1,877,891 | +€227,328 | +13.8% |
| Tangible fixed assets | 22/27 | €1,650,563 | €1,877,891 | +€227,328 | +13.8% |
| Land and buildings | 22 | €1,197,920 | €1,693,620 | +€495,701 | +41.4% |
| Plant, machinery and equipment | 23 | €16,057 | €8,685 | -€7,371 | -45.9% |
| Furniture and vehicles | 24 | €47,670 | €41,265 | -€6,405 | -13.4% |
| Leasing and similar rights | 25 | €388,917 | €134,321 | -€254,596 | -65.5% |
| Current assets | 29/58 | €140,346 | €513,218 | +€372,872 | +266% |
| Amounts receivable after more than one year | 29 | - | €144,134 | +€144,134 | |
| Other amounts receivable | 291 | - | €144,134 | +€144,134 | |
| Stocks and contracts in progress | 3 | €1,850 | €5,791 | +€3,941 | +213% |
| Stocks | 30/36 | €1,850 | €5,791 | +€3,941 | +213% |
| Amounts receivable within one year | 40/41 | €132,455 | €95,426 | -€37,029 | -28.0% |
| Trade receivables | 40 | €45,798 | €46,311 | +€513 | +1.1% |
| Other amounts receivable | 41 | €86,657 | €49,115 | -€37,542 | -43.3% |
| Current investments | 50/53 | €11 | €190,622 | +€190,611 | +1,683,842% |
| Cash at bank and in hand | 54/58 | €6,030 | €23,334 | +€17,304 | +287% |
| Deferred charges and accrued income | 490/1 | - | €53,911 | +€53,911 | |
| Total equity and liabilities | 10/49 | €1,790,909 | €2,391,110 | +€600,200 | +33.5% |
| Equity | 10/15 | €292,576 | €292,590 | +€14 | 0.0% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €131,003 | €131,003 | = | 0.0% |
| Distributable reserves | 133 | €131,003 | €131,003 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,573 | €1,587 | +€14 | +0.9% |
| Amounts payable | 17/49 | €1,498,334 | €2,098,520 | +€600,186 | +40.1% |
| Amounts payable after more than one year | 17 | €603,772 | €1,850,431 | +€1.2m | +206% |
| Financial debts | 170/4 | €603,772 | €801,258 | +€197,486 | +32.7% |
| Other amounts payable | 178/9 | - | €1,049,173 | +€1.0m | |
| Amounts payable within one year | 42/48 | €892,074 | €248,089 | -€643,985 | -72.2% |
| Current portion of amounts payable after more than one year | 42 | €71,539 | €97,514 | +€25,974 | +36.3% |
| Financial debts | 43 | €425,000 | - | -€425,000 | |
| Credit institutions | 430/8 | €425,000 | - | -€425,000 | |
| Trade debts | 44 | €12,643 | €61,159 | +€48,516 | +384% |
| Suppliers | 440/4 | €12,643 | €61,159 | +€48,516 | +384% |
| Advances received on contracts in progress | 46 | €1,500 | €1,000 | -€500 | -33.3% |
| Taxes, remuneration and social security | 45 | €59,299 | €65,398 | +€6,099 | +10.3% |
| Taxes | 450/3 | €48,138 | €52,604 | +€4,466 | +9.3% |
| Remuneration and social security | 454/9 | €11,161 | €12,794 | +€1,633 | +14.6% |
| Other amounts payable | 47/48 | €322,092 | €23,017 | -€299,075 | -92.9% |
| Accrued charges and deferred income | 492/3 | €2,488 | - | -€2,488 | |
| Non-recurring operating income | 76A | - | €376,371 | +€376,371 | |
| Remuneration, social security and pensions | 62 | €179,671 | €91,656 | -€88,015 | -49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,113 | €155,941 | +€39,827 | +34.3% |
| Other operating charges | 640/8 | €113,850 | €74,686 | -€39,165 | -34.4% |
| Gross operating margin | 9900 | -€22,288 | €358,652 | +€380,940 | |
| Operating profit (loss) | 9901 | -€431,923 | €36,369 | +€468,292 | |
| Financial income | 75/76B | €598,447 | €4,744 | -€593,703 | -99.2% |
| Recurring financial income | 75 | €598,447 | €4,744 | -€593,703 | -99.2% |
| Non-recurring financial income | 76B | €598,447 | - | -€598,447 | |
| Financial charges | 65/66B | €57,288 | €35,743 | -€21,546 | -37.6% |
| Recurring financial charges | 65 | €57,288 | €35,743 | -€21,546 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | €109,235 | €5,371 | -€103,865 | -95.1% |
| Income taxes | 67/77 | €49,627 | €5,357 | -€44,270 | -89.2% |
| Profit (loss) for the period | 9904 | €59,608 | €14 | -€59,594 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,608 | €14 | -€59,594 | -100.0% |
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 18 October 2026 via checked.be.