FX FACTORY: 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.
FX FACTORY
Largest movements
- Receivables within one year +€109,176
up €109,176 (+1,910%), from €5,716 to €114,892
of which Trade receivables: +€109,552
- Cash -€30,633
down €30,633 (-56.2%), from €54,472 to €23,839
mainly Receivables within one year (-€109,176) and Debts after one year (-€9,594)
- Tangible fixed assets -€12,661
down €12,661 (-24.0%), from €52,702 to €40,041
of which Plant, machinery and equipment: -€7,866
- Trade debts +€39,944
up €39,944 (+20,276%), from €197 to €40,141
- Tax, wage and social debts +€26,231
new in 2025: €26,231
of which Taxes: +€16,231
- Debts after one year -€9,594
down €9,594 (-35.6%), from €26,945 to €17,352
- Profit (loss) carried forward +€7,538
up €7,538 (+14.0%), from €53,839 to €61,377
- Other debts +€2,728
up €2,728 (+126%), from €2,171 to €4,899
- Gross operating margin +€13,963
up €13,963 (+87.0%), from €16,043 to €30,007
- Taxes +€2,107
new in 2025: €2,107
- Depreciation +€2,002
up €2,002 (+13.0%), from €15,370 to €17,372
- Financial charges +€336
up €336 (+24.1%), from €1,391 to €1,727
- Financial income -€301
down €301 (-97.2%), from €309 to €9
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 | €114,668 | €180,594 | +€65,926 | +57.5% |
| Fixed assets | 21/28 | €53,065 | €40,404 | -€12,661 | -23.9% |
| Tangible fixed assets | 22/27 | €52,702 | €40,041 | -€12,661 | -24.0% |
| Plant, machinery and equipment | 23 | €32,382 | €24,517 | -€7,866 | -24.3% |
| Furniture and vehicles | 24 | €12,785 | €12,945 | +€160 | +1.3% |
| Leasing and similar rights | 25 | €7,535 | €2,580 | -€4,956 | -65.8% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €61,603 | €140,190 | +€78,587 | +128% |
| Amounts receivable within one year | 40/41 | €5,716 | €114,892 | +€109,176 | +1,910% |
| Trade receivables | 40 | €2,840 | €112,392 | +€109,552 | +3,857% |
| Other amounts receivable | 41 | €2,876 | €2,500 | -€376 | -13.1% |
| Cash at bank and in hand | 54/58 | €54,472 | €23,839 | -€30,633 | -56.2% |
| Deferred charges and accrued income | 490/1 | €1,414 | €1,459 | +€44 | +3.1% |
| Total equity and liabilities | 10/49 | €114,668 | €180,594 | +€65,926 | +57.5% |
| Equity | 10/15 | €74,839 | €82,377 | +€7,538 | +10.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,839 | €61,377 | +€7,538 | +14.0% |
| Amounts payable | 17/49 | €39,828 | €98,217 | +€58,388 | +147% |
| Amounts payable after more than one year | 17 | €26,945 | €17,352 | -€9,594 | -35.6% |
| Financial debts | 170/4 | €26,945 | €17,352 | -€9,594 | -35.6% |
| Amounts payable within one year | 42/48 | €12,883 | €80,865 | +€67,982 | +528% |
| Current portion of amounts payable after more than one year | 42 | €10,515 | €9,594 | -€921 | -8.8% |
| Trade debts | 44 | €197 | €40,141 | +€39,944 | +20,276% |
| Suppliers | 440/4 | €197 | €40,141 | +€39,944 | +20,276% |
| Taxes, remuneration and social security | 45 | - | €26,231 | +€26,231 | |
| Taxes | 450/3 | - | €16,231 | +€16,231 | |
| Remuneration and social security | 454/9 | - | €10,000 | +€10,000 | |
| Other amounts payable | 47/48 | €2,171 | €4,899 | +€2,728 | +126% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,370 | €17,372 | +€2,002 | +13.0% |
| Other operating charges | 640/8 | €1,023 | €1,271 | +€248 | +24.2% |
| Gross operating margin | 9900 | €16,043 | €30,007 | +€13,963 | +87.0% |
| Operating profit (loss) | 9901 | -€350 | €11,364 | +€11,714 | |
| Financial income | 75/76B | €309 | €9 | -€301 | -97.2% |
| Recurring financial income | 75 | €309 | €9 | -€301 | -97.2% |
| Financial charges | 65/66B | €1,391 | €1,727 | +€336 | +24.1% |
| Recurring financial charges | 65 | €1,391 | €1,727 | +€336 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,432 | €9,645 | +€11,077 | |
| Income taxes | 67/77 | - | €2,107 | +€2,107 | |
| Profit (loss) for the period | 9904 | -€1,432 | €7,538 | +€8,970 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,432 | €7,538 | +€8,970 |
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 16 October 2026 via checked.be.