MXI²: 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.
MXI²
Largest movements
- Receivables within one year -€54,078
down €54,078 (-96.9%), from €55,808 to €1,730
of which Trade receivables: -€55,660
- Tangible fixed assets -€29,764
down €29,764 (-80.9%), from €36,802 to €7,039
of which Leasing and similar rights: -€28,709
- Cash +€12,654
up €12,654 (+19.5%), from €65,047 to €77,701
mainly Receivables within one year (+€54,078) and Investment in fixed assets (net) (+€26,763)
- Profit (loss) carried forward -€39,866
new in 2025: -€39,866
- Tax, wage and social debts -€10,213
down €10,213 (-56.8%), from €17,993 to €7,780
- Current portion of long-term debt -€9,575
down €9,575 (-100%), from €9,575 to €0
- Debts after one year -€8,971
down €8,971 (-100%), from €8,971 to €0
- Trade debts -€3,806
down €3,806 (-74.7%), from €5,097 to €1,291
- Gross operating margin -€103,326
down €103,326, from €71,565 to -€31,761
- Taxes -€15,578
down €15,578 (-98.7%), from €15,779 to €201
- Depreciation -€9,647
down €9,647 (-76.3%), from €12,648 to €3,001
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 | €160,245 | €89,186 | -€71,058 | -44.3% |
| Fixed assets | 21/28 | €36,802 | €7,039 | -€29,764 | -80.9% |
| Tangible fixed assets | 22/27 | €36,802 | €7,039 | -€29,764 | -80.9% |
| Land and buildings | 22 | €1,755 | €1,536 | -€220 | -12.5% |
| Furniture and vehicles | 24 | €6,338 | €5,503 | -€835 | -13.2% |
| Leasing and similar rights | 25 | €28,709 | €0 | -€28,709 | -100% |
| Current assets | 29/58 | €123,442 | €82,148 | -€41,295 | -33.5% |
| Amounts receivable within one year | 40/41 | €55,808 | €1,730 | -€54,078 | -96.9% |
| Trade receivables | 40 | €55,660 | €0 | -€55,660 | -100% |
| Other amounts receivable | 41 | €148 | €1,730 | +€1,582 | +1,069% |
| Cash at bank and in hand | 54/58 | €65,047 | €77,701 | +€12,654 | +19.5% |
| Deferred charges and accrued income | 490/1 | €2,587 | €2,716 | +€129 | +5.0% |
| Total equity and liabilities | 10/49 | €160,245 | €89,186 | -€71,058 | -44.3% |
| Equity | 10/15 | €118,590 | €78,724 | -€39,866 | -33.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €113,590 | €113,590 | = | 0.0% |
| Distributable reserves | 133 | €113,590 | €113,590 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€39,866 | -€39,866 | |
| Amounts payable | 17/49 | €41,655 | €10,463 | -€31,192 | -74.9% |
| Amounts payable after more than one year | 17 | €8,971 | €0 | -€8,971 | -100% |
| Financial debts | 170/4 | €8,971 | €0 | -€8,971 | -100% |
| Amounts payable within one year | 42/48 | €32,684 | €10,401 | -€22,283 | -68.2% |
| Current portion of amounts payable after more than one year | 42 | €9,575 | €0 | -€9,575 | -100% |
| Financial debts | 43 | €18 | €869 | +€851 | +4,730% |
| Credit institutions | 430/8 | €18 | €869 | +€851 | +4,730% |
| Trade debts | 44 | €5,097 | €1,291 | -€3,806 | -74.7% |
| Suppliers | 440/4 | €5,097 | €1,291 | -€3,806 | -74.7% |
| Taxes, remuneration and social security | 45 | €17,993 | €7,780 | -€10,213 | -56.8% |
| Taxes | 450/3 | €17,993 | €7,780 | -€10,213 | -56.8% |
| Other amounts payable | 47/48 | €0 | €460 | +€460 | |
| Accrued charges and deferred income | 492/3 | - | €62 | +€62 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,648 | €3,001 | -€9,647 | -76.3% |
| Other operating charges | 640/8 | €1,546 | €855 | -€691 | -44.7% |
| Non-recurring operating charges | 66A | - | €3,852 | +€3,852 | |
| Gross operating margin | 9900 | €71,565 | -€31,761 | -€103,326 | |
| Operating profit (loss) | 9901 | €57,371 | -€39,469 | -€96,840 | |
| Financial income | 75/76B | €15 | €0 | -€15 | -99.7% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -99.7% |
| Financial charges | 65/66B | €621 | €197 | -€425 | -68.3% |
| Recurring financial charges | 65 | €621 | €197 | -€425 | -68.3% |
| Profit (loss) for the period before taxes | 9903 | €56,765 | -€39,665 | -€96,430 | |
| Income taxes | 67/77 | €15,779 | €201 | -€15,578 | -98.7% |
| Profit (loss) for the period | 9904 | €40,986 | -€39,866 | -€80,852 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,986 | -€39,866 | -€80,852 |
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 17 October 2026 via checked.be.