Cx Results: 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.
Cx Results
Largest movements
- Cash -€21,228
down €21,228 (-8.0%), from €266,649 to €245,421
mainly Contributions, distributions and other (-€139,797) and Current investments (-€19,426)
- Current investments +€19,426
up €19,426 (+31.4%), from €61,801 to €81,227
- Deferred charges and accrued income -€16,017
down €16,017 (-56.9%), from €28,172 to €12,155
- Receivables within one year +€7,630
up €7,630 (+47.8%), from €15,952 to €23,581
of which Other amounts receivable: +€7,916
- Tangible fixed assets -€5,298
down €5,298 (-93.1%), from €5,689 to €391
of which Other tangible fixed assets: -€4,357
- Reserves -€112,967
down €112,967 (-46.0%), from €245,742 to €132,774
- Other debts +€96,498
up €96,498 (+217%), from €44,483 to €140,980
- Gross operating margin -€32,823
down €32,823 (-44.3%), from €74,121 to €41,297
- Taxes -€8,200
down €8,200 (-38.8%), from €21,149 to €12,949
- Financial income +€2,277
up €2,277 (+81.8%), from €2,783 to €5,060
- Depreciation -€1,242
down €1,242 (-19.0%), from €6,541 to €5,298
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 | €378,263 | €362,776 | -€15,487 | -4.1% |
| Fixed assets | 21/28 | €5,689 | €391 | -€5,298 | -93.1% |
| Tangible fixed assets | 22/27 | €5,689 | €391 | -€5,298 | -93.1% |
| Plant, machinery and equipment | 23 | €745 | €133 | -€612 | -82.2% |
| Furniture and vehicles | 24 | €586 | €258 | -€329 | -56.1% |
| Other tangible fixed assets | 26 | €4,357 | - | -€4,357 | |
| Current assets | 29/58 | €372,574 | €362,385 | -€10,189 | -2.7% |
| Amounts receivable within one year | 40/41 | €15,952 | €23,581 | +€7,630 | +47.8% |
| Trade receivables | 40 | €15,261 | €14,975 | -€286 | -1.9% |
| Other amounts receivable | 41 | €691 | €8,607 | +€7,916 | +1,145% |
| Current investments | 50/53 | €61,801 | €81,227 | +€19,426 | +31.4% |
| Cash at bank and in hand | 54/58 | €266,649 | €245,421 | -€21,228 | -8.0% |
| Deferred charges and accrued income | 490/1 | €28,172 | €12,155 | -€16,017 | -56.9% |
| Total equity and liabilities | 10/49 | €378,263 | €362,776 | -€15,487 | -4.1% |
| Equity | 10/15 | €314,614 | €201,181 | -€113,433 | -36.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €245,742 | €132,774 | -€112,967 | -46.0% |
| Distributable reserves | 133 | €245,742 | €132,774 | -€112,967 | -46.0% |
| Profit (loss) carried forward | 14 | €48,872 | €48,406 | -€466 | -1.0% |
| Amounts payable | 17/49 | €63,649 | €161,595 | +€97,947 | +154% |
| Amounts payable within one year | 42/48 | €63,100 | €161,141 | +€98,041 | +155% |
| Trade debts | 44 | €1,976 | €3,644 | +€1,668 | +84.4% |
| Suppliers | 440/4 | €1,976 | €3,644 | +€1,668 | +84.4% |
| Taxes, remuneration and social security | 45 | €16,641 | €16,516 | -€125 | -0.8% |
| Taxes | 450/3 | €16,641 | €16,516 | -€125 | -0.8% |
| Other amounts payable | 47/48 | €44,483 | €140,980 | +€96,498 | +217% |
| Accrued charges and deferred income | 492/3 | €549 | €454 | -€95 | -17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,541 | €5,298 | -€1,242 | -19.0% |
| Other operating charges | 640/8 | €698 | €751 | +€53 | +7.7% |
| Gross operating margin | 9900 | €74,121 | €41,297 | -€32,823 | -44.3% |
| Operating profit (loss) | 9901 | €66,882 | €35,248 | -€31,634 | -47.3% |
| Financial income | 75/76B | €2,783 | €5,060 | +€2,277 | +81.8% |
| Recurring financial income | 75 | €2,783 | €5,060 | +€2,277 | +81.8% |
| Financial charges | 65/66B | €1,099 | €996 | -€103 | -9.4% |
| Recurring financial charges | 65 | €1,099 | €996 | -€103 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €68,567 | €39,312 | -€29,255 | -42.7% |
| Income taxes | 67/77 | €21,149 | €12,949 | -€8,200 | -38.8% |
| Profit (loss) for the period | 9904 | €47,418 | €26,364 | -€21,054 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,418 | €26,364 | -€21,054 | -44.4% |
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 24 October 2026 via checked.be.