BACKX LAW: 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 LAW
Largest movements
- Tangible fixed assets -€17,085
down €17,085 (-26.2%), from €65,278 to €48,193
of which Furniture and vehicles: -€16,310
- Intangible fixed assets -€13,500
down €13,500 (-11.8%), from €114,786 to €101,286
- Deferred charges and accrued income +€5,122
up €5,122 (+287.3%), from €1,783 to €6,905
- Cash -€3,401
down €3,401 (-47.3%), from €7,186 to €3,785
mainly Debts after one year (-€17,641) and Other debts (-€10,998)
- Debts after one year -€17,641
down €17,641 (-31.9%), from €55,284 to €37,643
- Other debts -€10,998
down €10,998 (-21.9%), from €50,139 to €39,141
- Profit (loss) carried forward +€7,621
up €7,621 (+20.0%), from €38,184 to €45,805
- Tax, wage and social debts -€5,986
down €5,986 (-27.8%), from €21,537 to €15,551
- Gross operating margin -€25,996
down €25,996 (-36.8%), from €70,685 to €44,689
- Taxes -€9,325
down €9,325 (-89.0%), from €10,477 to €1,152
- Financial charges -€848
down €848 (-19.9%), from €4,266 to €3,418
- Other operating charges +€716
up €716 (+58.9%), from €1,215 to €1,931
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 | €189,033 | €161,162 | -€27,871 | -14.7% |
| Fixed assets | 21/28 | €180,064 | €149,479 | -€30,585 | -17.0% |
| Intangible fixed assets | 21 | €114,786 | €101,286 | -€13,500 | -11.8% |
| Tangible fixed assets | 22/27 | €65,278 | €48,193 | -€17,085 | -26.2% |
| Plant, machinery and equipment | 23 | €1,940 | €1,165 | -€775 | -39.9% |
| Furniture and vehicles | 24 | €63,338 | €47,028 | -€16,310 | -25.8% |
| Current assets | 29/58 | €8,969 | €11,683 | +€2,714 | +30.3% |
| Amounts receivable within one year | 40/41 | - | €993 | +€993 | |
| Trade receivables | 40 | - | €993 | +€993 | |
| Cash at bank and in hand | 54/58 | €7,186 | €3,785 | -€3,401 | -47.3% |
| Deferred charges and accrued income | 490/1 | €1,783 | €6,905 | +€5,122 | +287.3% |
| Total equity and liabilities | 10/49 | €189,033 | €161,162 | -€27,871 | -14.7% |
| Equity | 10/15 | €41,184 | €48,805 | +€7,621 | +18.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,184 | €45,805 | +€7,621 | +20.0% |
| Amounts payable | 17/49 | €147,849 | €112,357 | -€35,492 | -24.0% |
| Amounts payable after more than one year | 17 | €55,284 | €37,643 | -€17,641 | -31.9% |
| Financial debts | 170/4 | €55,284 | €37,643 | -€17,641 | -31.9% |
| Amounts payable within one year | 42/48 | €92,565 | €74,714 | -€17,851 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €16,899 | €17,641 | +€742 | +4.4% |
| Trade debts | 44 | €3,990 | €2,381 | -€1,609 | -40.3% |
| Suppliers | 440/4 | €3,990 | €2,381 | -€1,609 | -40.3% |
| Taxes, remuneration and social security | 45 | €21,537 | €15,551 | -€5,986 | -27.8% |
| Taxes | 450/3 | €21,537 | €15,551 | -€5,986 | -27.8% |
| Other amounts payable | 47/48 | €50,139 | €39,141 | -€10,998 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,585 | €30,585 | = | 0.0% |
| Other operating charges | 640/8 | €1,215 | €1,931 | +€716 | +58.9% |
| Gross operating margin | 9900 | €70,685 | €44,689 | -€25,996 | -36.8% |
| Operating profit (loss) | 9901 | €38,885 | €12,173 | -€26,712 | -68.7% |
| Financial income | 75/76B | €4 | €18 | +€14 | +350.0% |
| Recurring financial income | 75 | €4 | €18 | +€14 | +350.0% |
| Financial charges | 65/66B | €4,266 | €3,418 | -€848 | -19.9% |
| Recurring financial charges | 65 | €4,266 | €3,418 | -€848 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €34,623 | €8,773 | -€25,850 | -74.7% |
| Income taxes | 67/77 | €10,477 | €1,152 | -€9,325 | -89.0% |
| Profit (loss) for the period | 9904 | €24,146 | €7,621 | -€16,525 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,146 | €7,621 | -€16,525 | -68.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.