CX-COM: 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.
CX-COM
Largest movements
- Tangible fixed assets -€121,499
down €121,499 (-12.2%), from €996,250 to €874,751
of which Furniture and vehicles: -€76,452
- Receivables within one year -€52,498
down €52,498 (-18.3%), from €286,582 to €234,084
of which Other amounts receivable: -€72,744
- Cash +€33,659
up €33,659 (+42.1%), from €79,906 to €113,564
mainly Depreciation (+€177,388) and Short-term financial debts (+€114,583)
- Debts after one year -€132,924
down €132,924 (-15.5%), from €855,330 to €722,406
- Short-term financial debts +€114,583
up €114,583 (+86.9%), from €131,789 to €246,372
- Profit (loss) carried forward -€88,221
new in 2025: -€88,221
- Reserves -€47,592
no longer reported in 2025 (was €47,592)
- Current portion of long-term debt -€32,212
down €32,212 (-17.0%), from €189,783 to €157,571
- Staff costs +€111,329
up €111,329 (+23.3%), from €478,275 to €589,604
- Gross operating margin +€76,459
up €76,459 (+12.6%), from €606,503 to €682,962
- Depreciation -€54,626
down €54,626 (-23.5%), from €232,015 to €177,388
- Other operating charges -€18,201
down €18,201 (-69.0%), from €26,365 to €8,164
- Financial charges +€15,870
up €15,870 (+40.1%), from €39,556 to €55,426
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 | €1,418,562 | €1,270,352 | -€148,210 | -10.4% |
| Fixed assets | 21/28 | €996,613 | €874,751 | -€121,862 | -12.2% |
| Tangible fixed assets | 22/27 | €996,250 | €874,751 | -€121,499 | -12.2% |
| Land and buildings | 22 | €683,873 | €667,789 | -€16,084 | -2.4% |
| Plant, machinery and equipment | 23 | €32,838 | €29,997 | -€2,842 | -8.7% |
| Furniture and vehicles | 24 | €253,417 | €176,965 | -€76,452 | -30.2% |
| Leasing and similar rights | 25 | €10,686 | - | -€10,686 | |
| Assets under construction and advance payments | 27 | €15,435 | - | -€15,435 | |
| Financial fixed assets | 28 | €363 | €0 | -€363 | -100.0% |
| Current assets | 29/58 | €421,949 | €395,601 | -€26,349 | -6.2% |
| Stocks and contracts in progress | 3 | €39,712 | €27,452 | -€12,261 | -30.9% |
| Stocks | 30/36 | €39,712 | €27,452 | -€12,261 | -30.9% |
| Amounts receivable within one year | 40/41 | €286,582 | €234,084 | -€52,498 | -18.3% |
| Trade receivables | 40 | €188,324 | €208,569 | +€20,246 | +10.8% |
| Other amounts receivable | 41 | €98,258 | €25,515 | -€72,744 | -74.0% |
| Cash at bank and in hand | 54/58 | €79,906 | €113,564 | +€33,659 | +42.1% |
| Deferred charges and accrued income | 490/1 | €15,750 | €20,501 | +€4,752 | +30.2% |
| Total equity and liabilities | 10/49 | €1,418,562 | €1,270,352 | -€148,210 | -10.4% |
| Equity | 10/15 | €82,142 | -€55,561 | -€137,704 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €47,592 | - | -€47,592 | |
| Distributable reserves | 133 | €47,592 | - | -€47,592 | |
| Profit (loss) carried forward | 14 | - | -€88,221 | -€88,221 | |
| Investment grants | 15 | €28,350 | €26,460 | -€1,890 | -6.7% |
| Amounts payable | 17/49 | €1,336,420 | €1,325,913 | -€10,506 | -0.8% |
| Amounts payable after more than one year | 17 | €855,330 | €722,406 | -€132,924 | -15.5% |
| Financial debts | 170/4 | €855,330 | €722,406 | -€132,924 | -15.5% |
| Amounts payable within one year | 42/48 | €481,090 | €594,055 | +€112,965 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €189,783 | €157,571 | -€32,212 | -17.0% |
| Financial debts | 43 | €131,789 | €246,372 | +€114,583 | +86.9% |
| Credit institutions | 430/8 | €131,789 | €246,372 | +€114,583 | +86.9% |
| Trade debts | 44 | €113,291 | €124,377 | +€11,087 | +9.8% |
| Suppliers | 440/4 | €113,291 | €124,377 | +€11,087 | +9.8% |
| Taxes, remuneration and social security | 45 | €46,227 | €65,734 | +€19,507 | +42.2% |
| Taxes | 450/3 | €5,518 | €21,249 | +€15,731 | +285.1% |
| Remuneration and social security | 454/9 | €40,710 | €44,485 | +€3,776 | +9.3% |
| Accrued charges and deferred income | 492/3 | - | €9,452 | +€9,452 | |
| Remuneration, social security and pensions | 62 | €478,275 | €589,604 | +€111,329 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €232,015 | €177,388 | -€54,626 | -23.5% |
| Other operating charges | 640/8 | €26,365 | €8,164 | -€18,201 | -69.0% |
| Gross operating margin | 9900 | €606,503 | €682,962 | +€76,459 | +12.6% |
| Operating profit (loss) | 9901 | -€130,153 | -€92,195 | +€37,957 | +29.2% |
| Financial income | 75/76B | €5,952 | €13,740 | +€7,787 | +130.8% |
| Recurring financial income | 75 | €5,952 | €13,740 | +€7,787 | +130.8% |
| Financial charges | 65/66B | €39,556 | €55,426 | +€15,870 | +40.1% |
| Recurring financial charges | 65 | €39,556 | €55,426 | +€15,870 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | -€163,757 | -€133,882 | +€29,875 | +18.2% |
| Income taxes | 67/77 | €1,211 | €1,932 | +€721 | +59.5% |
| Profit (loss) for the period | 9904 | -€164,968 | -€135,814 | +€29,154 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€164,968 | -€135,814 | +€29,154 | +17.7% |
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.