Form@XL: 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.
Form@XL
Largest movements
- Cash +€46,949
up €46,949 (+248%), from €18,957 to €65,906
mainly Net result for the year (+€81,103) and Contributions, distributions and other (+€6,000)
- Receivables within one year +€5,685
up €5,685 (+4.0%), from €142,902 to €148,587
- Profit (loss) carried forward +€81,103
up €81,103, from -€73,945 to €7,158
- Tax, wage and social debts -€17,222
down €17,222 (-15.9%), from €108,506 to €91,284
of which Remuneration and social security: -€14,734
- Provisions -€14,000
down €14,000 (-50.0%), from €28,000 to €14,000
- Reserves +€6,000
up €6,000 (+7.1%), from €84,135 to €90,135
- Trade debts -€2,907
down €2,907 (-40.8%), from €7,123 to €4,216
- Gross operating margin +€61,244
up €61,244 (+11.8%), from €517,771 to €579,015
- Other operating charges -€27,034
down €27,034 (-92.8%), from €29,129 to €2,095
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 | €163,006 | €215,821 | +€52,815 | +32.4% |
| Fixed assets | 21/28 | €156 | €333 | +€177 | +113% |
| Tangible fixed assets | 22/27 | €156 | €333 | +€177 | +113% |
| Furniture and vehicles | 24 | €156 | €333 | +€177 | +113% |
| Current assets | 29/58 | €162,850 | €215,488 | +€52,638 | +32.3% |
| Amounts receivable within one year | 40/41 | €142,902 | €148,587 | +€5,685 | +4.0% |
| Other amounts receivable | 41 | €142,902 | €148,587 | +€5,685 | +4.0% |
| Cash at bank and in hand | 54/58 | €18,957 | €65,906 | +€46,949 | +248% |
| Deferred charges and accrued income | 490/1 | €991 | €995 | +€4 | +0.4% |
| Total equity and liabilities | 10/49 | €163,006 | €215,821 | +€52,815 | +32.4% |
| Equity | 10/15 | €10,190 | €97,293 | +€87,103 | +855% |
| Reserves | 13 | €84,135 | €90,135 | +€6,000 | +7.1% |
| Profit (loss) carried forward | 14 | -€73,945 | €7,158 | +€81,103 | |
| Provisions and deferred taxes | 16 | €28,000 | €14,000 | -€14,000 | -50.0% |
| Provisions for liabilities and charges | 160/5 | €28,000 | €14,000 | -€14,000 | -50.0% |
| Other liabilities and charges | 164/5 | €28,000 | €14,000 | -€14,000 | -50.0% |
| Amounts payable | 17/49 | €124,816 | €104,528 | -€20,288 | -16.3% |
| Amounts payable within one year | 42/48 | €122,693 | €102,564 | -€20,129 | -16.4% |
| Financial debts | 43 | €7,064 | €7,064 | = | 0.0% |
| Other loans | 439 | €7,064 | €7,064 | = | 0.0% |
| Trade debts | 44 | €7,123 | €4,216 | -€2,907 | -40.8% |
| Suppliers | 440/4 | €7,123 | €4,216 | -€2,907 | -40.8% |
| Taxes, remuneration and social security | 45 | €108,506 | €91,284 | -€17,222 | -15.9% |
| Taxes | 450/3 | €18,833 | €16,345 | -€2,488 | -13.2% |
| Remuneration and social security | 454/9 | €89,673 | €74,939 | -€14,734 | -16.4% |
| Accrued charges and deferred income | 492/3 | €2,123 | €1,964 | -€159 | -7.5% |
| Membership fees, donations, legacies and grants | 73 | €562,731 | €619,713 | +€56,982 | +10.1% |
| Non-recurring operating income | 76A | €474 | - | -€474 | |
| Goods, raw materials, services and sundry goods | 60/61 | €46,484 | €41,796 | -€4,688 | -10.1% |
| Remuneration, social security and pensions | 62 | €501,514 | €502,173 | +€659 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157 | €323 | +€166 | +106% |
| Other operating charges | 640/8 | €29,129 | €2,095 | -€27,034 | -92.8% |
| Non-recurring operating charges | 66A | - | €70 | +€70 | |
| Gross operating margin | 9900 | €517,771 | €579,015 | +€61,244 | +11.8% |
| Operating profit (loss) | 9901 | -€41,029 | €82,354 | +€123,383 | |
| Financial income | 75/76B | €78 | €131 | +€53 | +67.9% |
| Recurring financial income | 75 | €78 | €131 | +€53 | +67.9% |
| Financial charges | 65/66B | €2,689 | €1,382 | -€1,307 | -48.6% |
| Recurring financial charges | 65 | €2,689 | €1,382 | -€1,307 | -48.6% |
| Profit (loss) for the period before taxes | 9903 | -€43,640 | €81,103 | +€124,743 | |
| Profit (loss) for the period | 9904 | -€43,640 | €81,103 | +€124,743 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,640 | €81,103 | +€124,743 |
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 20 October 2026 via checked.be.