MX-Ray: 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.
MX-Ray
Largest movements
- Receivables within one year +€123,491
new in 2025: €123,491
of which Trade receivables: +€121,322
- Cash +€76,288
up €76,288 (+1881.9%), from €4,054 to €80,342
mainly Net result for the year (+€149,716) and Tax, wage and social debts (+€51,775)
- Profit (loss) carried forward +€149,716
up €149,716, from -€1,412 to €148,304
- Tax, wage and social debts +€51,775
new in 2025: €51,775
- Gross operating margin +€195,005
up €195,005, from -€1,409 to €193,596
- Taxes +€42,927
new in 2025: €42,927
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 | €4,911 | €205,319 | +€200,408 | +4080.8% |
| Fixed assets | 21/28 | - | €870 | +€870 | |
| Tangible fixed assets | 22/27 | - | €870 | +€870 | |
| Plant, machinery and equipment | 23 | - | €870 | +€870 | |
| Current assets | 29/58 | €4,911 | €204,449 | +€199,538 | +4063.1% |
| Amounts receivable within one year | 40/41 | - | €123,491 | +€123,491 | |
| Trade receivables | 40 | - | €121,322 | +€121,322 | |
| Other amounts receivable | 41 | - | €2,169 | +€2,169 | |
| Cash at bank and in hand | 54/58 | €4,054 | €80,342 | +€76,288 | +1881.9% |
| Deferred charges and accrued income | 490/1 | €857 | €616 | -€241 | -28.1% |
| Total equity and liabilities | 10/49 | €4,911 | €205,319 | +€200,408 | +4080.8% |
| Equity | 10/15 | €3,588 | €153,304 | +€149,716 | +4172.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,412 | €148,304 | +€149,716 | |
| Amounts payable | 17/49 | €1,323 | €52,015 | +€50,693 | +3832.9% |
| Amounts payable within one year | 42/48 | €1,323 | €52,015 | +€50,693 | +3832.9% |
| Trade debts | 44 | €1,323 | €240 | -€1,083 | -81.9% |
| Suppliers | 440/4 | €1,323 | €240 | -€1,083 | -81.9% |
| Taxes, remuneration and social security | 45 | - | €51,775 | +€51,775 | |
| Taxes | 450/3 | - | €51,775 | +€51,775 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €359 | +€359 | |
| Other operating charges | 640/8 | - | €516 | +€516 | |
| Gross operating margin | 9900 | -€1,409 | €193,596 | +€195,005 | |
| Operating profit (loss) | 9901 | -€1,409 | €192,721 | +€194,130 | |
| Financial charges | 65/66B | €3 | €79 | +€77 | +3060.0% |
| Recurring financial charges | 65 | €3 | €79 | +€77 | +3060.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,412 | €192,642 | +€194,054 | |
| Income taxes | 67/77 | - | €42,927 | +€42,927 | |
| Profit (loss) for the period | 9904 | -€1,412 | €149,716 | +€151,127 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,412 | €149,716 | +€151,127 |
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 11 October 2026 via checked.be.