CX MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year +€53,262
up €53,262 (+229.0%), from €23,259 to €76,521
of which Trade receivables: +€37,669
- Cash -€4,490
down €4,490 (-5.8%), from €77,147 to €72,658
mainly Contributions, distributions and other (-€100,000) and Receivables within one year (-€53,262)
- Other debts +€100,000
new in 2025: €100,000
- Reserves -€80,758
down €80,758 (-84.4%), from €95,662 to €14,903
- Accrued charges and deferred income +€24,922
new in 2025: €24,922
- Tax, wage and social debts +€3,332
up €3,332 (+67.8%), from €4,916 to €8,248
- Gross operating margin +€9,489
up €9,489 (+48.2%), from €19,687 to €29,176
- Taxes +€1,044
up €1,044 (+17.1%), from €6,104 to €7,148
- Depreciation -€721
down €721 (-49.3%), from €1,463 to €742
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 | €102,899 | €150,605 | +€47,706 | +46.4% |
| Fixed assets | 21/28 | €944 | €202 | -€742 | -78.6% |
| Tangible fixed assets | 22/27 | €944 | €202 | -€742 | -78.6% |
| Other tangible fixed assets | 26 | €944 | €202 | -€742 | -78.6% |
| Current assets | 29/58 | €101,955 | €150,403 | +€48,448 | +47.5% |
| Amounts receivable within one year | 40/41 | €23,259 | €76,521 | +€53,262 | +229.0% |
| Trade receivables | 40 | - | €37,669 | +€37,669 | |
| Other amounts receivable | 41 | €23,259 | €38,852 | +€15,593 | +67.0% |
| Cash at bank and in hand | 54/58 | €77,147 | €72,658 | -€4,490 | -5.8% |
| Deferred charges and accrued income | 490/1 | €1,549 | €1,224 | -€324 | -20.9% |
| Total equity and liabilities | 10/49 | €102,899 | €150,605 | +€47,706 | +46.4% |
| Equity | 10/15 | €95,663 | €14,904 | -€80,758 | -84.4% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €95,662 | €14,903 | -€80,758 | -84.4% |
| Distributable reserves | 133 | €95,662 | €14,903 | -€80,758 | -84.4% |
| Amounts payable | 17/49 | €7,236 | €135,701 | +€128,464 | +1775.3% |
| Amounts payable within one year | 42/48 | €7,236 | €110,778 | +€103,542 | +1430.9% |
| Trade debts | 44 | €2,320 | €2,530 | +€210 | +9.0% |
| Suppliers | 440/4 | €2,320 | €2,530 | +€210 | +9.0% |
| Taxes, remuneration and social security | 45 | €4,916 | €8,248 | +€3,332 | +67.8% |
| Taxes | 450/3 | €4,916 | €8,248 | +€3,332 | +67.8% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Accrued charges and deferred income | 492/3 | - | €24,922 | +€24,922 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,463 | €742 | -€721 | -49.3% |
| Other operating charges | 640/8 | - | €172 | +€172 | |
| Gross operating margin | 9900 | €19,687 | €29,176 | +€9,489 | +48.2% |
| Operating profit (loss) | 9901 | €18,224 | €28,261 | +€10,038 | +55.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,850 | €1,872 | +€22 | +1.2% |
| Recurring financial charges | 65 | €1,850 | €1,872 | +€22 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €16,374 | €26,389 | +€10,016 | +61.2% |
| Income taxes | 67/77 | €6,104 | €7,148 | +€1,044 | +17.1% |
| Profit (loss) for the period | 9904 | €10,270 | €19,242 | +€8,972 | +87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,270 | €19,242 | +€8,972 | +87.4% |
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 3 October 2026 via checked.be.