Element X: 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.
Element X
Largest movements
- Cash +€64,273
up €64,273 (+342.6%), from €18,760 to €83,033
mainly Trade debts (+€40,170) and Accrued charges and deferred income (+€33,901)
- Receivables within one year +€15,811
up €15,811 (+124.0%), from €12,750 to €28,561
of which Trade receivables: +€16,699
- Deferred charges and accrued income +€12,853
up €12,853 (+753.0%), from €1,707 to €14,560
- Stocks and contracts -€8,663
down €8,663 (-46.5%), from €18,624 to €9,961
- Intangible fixed assets -€3,274
down €3,274 (-20.7%), from €15,824 to €12,550
- Trade debts +€40,170
up €40,170 (+1993.0%), from €2,016 to €42,185
- Accrued charges and deferred income +€33,901
up €33,901 (+1356.0%), from €2,500 to €36,401
- Profit (loss) carried forward +€5,011
up €5,011, from €0 to €5,011
- Tax, wage and social debts +€4,619
up €4,619 (+40.4%), from €11,424 to €16,043
- Gross operating margin -€7,441
down €7,441 (-33.8%), from €22,045 to €14,603
- Taxes -€2,509
down €2,509 (-53.3%), from €4,711 to €2,202
- Depreciation +€880
up €880 (+18.7%), from €4,717 to €5,597
- Financial charges +€438
up €438 (+38.0%), from €1,153 to €1,591
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 | €74,164 | €157,240 | +€83,076 | +112.0% |
| Formation expenses | 20 | €2,052 | €1,444 | -€608 | -29.6% |
| Fixed assets | 21/28 | €20,271 | €19,682 | -€589 | -2.9% |
| Intangible fixed assets | 21 | €15,824 | €12,550 | -€3,274 | -20.7% |
| Tangible fixed assets | 22/27 | €4,448 | €7,133 | +€2,685 | +60.4% |
| Plant, machinery and equipment | 23 | €4,448 | €7,133 | +€2,685 | +60.4% |
| Current assets | 29/58 | €51,841 | €136,114 | +€84,274 | +162.6% |
| Stocks and contracts in progress | 3 | €18,624 | €9,961 | -€8,663 | -46.5% |
| Stocks | 30/36 | €18,624 | €9,961 | -€8,663 | -46.5% |
| Amounts receivable within one year | 40/41 | €12,750 | €28,561 | +€15,811 | +124.0% |
| Trade receivables | 40 | €11,862 | €28,561 | +€16,699 | +140.8% |
| Other amounts receivable | 41 | €888 | €0 | -€888 | -100.0% |
| Cash at bank and in hand | 54/58 | €18,760 | €83,033 | +€64,273 | +342.6% |
| Deferred charges and accrued income | 490/1 | €1,707 | €14,560 | +€12,853 | +753.0% |
| Total equity and liabilities | 10/49 | €74,164 | €157,240 | +€83,076 | +112.0% |
| Equity | 10/15 | €36,604 | €41,615 | +€5,011 | +13.7% |
| Contributions | 10/11 | €25,200 | €25,200 | = | 0.0% |
| Reserves | 13 | €11,404 | €11,404 | = | 0.0% |
| Distributable reserves | 133 | €11,404 | €11,404 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €5,011 | +€5,011 | |
| Amounts payable | 17/49 | €37,560 | €115,625 | +€78,065 | +207.8% |
| Amounts payable after more than one year | 17 | €10,000 | €10,000 | = | 0.0% |
| Other amounts payable | 178/9 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €25,060 | €69,224 | +€44,164 | +176.2% |
| Financial debts | 43 | €0 | €95 | +€95 | |
| Credit institutions | 430/8 | €0 | €95 | +€95 | |
| Trade debts | 44 | €2,016 | €42,185 | +€40,170 | +1993.0% |
| Suppliers | 440/4 | €2,016 | €42,185 | +€40,170 | +1993.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €11,424 | €16,043 | +€4,619 | +40.4% |
| Taxes | 450/3 | €11,424 | €16,043 | +€4,619 | +40.4% |
| Other amounts payable | 47/48 | €11,621 | €10,900 | -€720 | -6.2% |
| Accrued charges and deferred income | 492/3 | €2,500 | €36,401 | +€33,901 | +1356.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,717 | €5,597 | +€880 | +18.7% |
| Other operating charges | 640/8 | €150 | €291 | +€141 | +93.7% |
| Gross operating margin | 9900 | €22,045 | €14,603 | -€7,441 | -33.8% |
| Operating profit (loss) | 9901 | €17,177 | €8,716 | -€8,462 | -49.3% |
| Financial income | 75/76B | €91 | €89 | -€2 | -2.0% |
| Recurring financial income | 75 | €91 | €89 | -€2 | -2.0% |
| Financial charges | 65/66B | €1,153 | €1,591 | +€438 | +38.0% |
| Recurring financial charges | 65 | €1,153 | €1,591 | +€438 | +38.0% |
| Profit (loss) for the period before taxes | 9903 | €16,115 | €7,213 | -€8,902 | -55.2% |
| Income taxes | 67/77 | €4,711 | €2,202 | -€2,509 | -53.3% |
| Profit (loss) for the period | 9904 | €11,404 | €5,011 | -€6,393 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,404 | €5,011 | -€6,393 | -56.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.