PROCESS X: 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.
PROCESS X
Largest movements
- Cash +€36,061
up €36,061 (+33.9%), from €106,529 to €142,589
mainly Net result for the year (+€50,767) and Trade debts (+€8,196)
- Receivables within one year +€18,092
up €18,092 (+2773.4%), from €652 to €18,744
of which Trade receivables: +€15,792
- Tangible fixed assets +€11,854
new in 2025: €11,854
- Profit (loss) carried forward +€50,767
up €50,767 (+68.2%), from €74,480 to €125,248
- Trade debts +€8,196
up €8,196 (+467.1%), from €1,755 to €9,951
- Tax, wage and social debts +€6,328
up €6,328 (+21.0%), from €30,162 to €36,490
- Write-downs +€17,583
new in 2025: €17,583
- Gross operating margin -€8,528
down €8,528 (-9.0%), from €94,419 to €85,890
- Taxes -€4,990
down €4,990 (-25.5%), from €19,553 to €14,562
- Depreciation +€1,583
new in 2025: €1,583
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 | €108,397 | €173,689 | +€65,292 | +60.2% |
| Fixed assets | 21/28 | - | €11,854 | +€11,854 | |
| Tangible fixed assets | 22/27 | - | €11,854 | +€11,854 | |
| Furniture and vehicles | 24 | - | €11,854 | +€11,854 | |
| Current assets | 29/58 | €108,397 | €161,835 | +€53,438 | +49.3% |
| Amounts receivable within one year | 40/41 | €652 | €18,744 | +€18,092 | +2773.4% |
| Trade receivables | 40 | - | €15,792 | +€15,792 | |
| Other amounts receivable | 41 | €652 | €2,952 | +€2,300 | +352.5% |
| Cash at bank and in hand | 54/58 | €106,529 | €142,589 | +€36,061 | +33.9% |
| Deferred charges and accrued income | 490/1 | €1,216 | €501 | -€715 | -58.8% |
| Total equity and liabilities | 10/49 | €108,397 | €173,689 | +€65,292 | +60.2% |
| Equity | 10/15 | €76,480 | €127,248 | +€50,767 | +66.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,480 | €125,248 | +€50,767 | +68.2% |
| Amounts payable | 17/49 | €31,917 | €46,441 | +€14,524 | +45.5% |
| Amounts payable within one year | 42/48 | €31,917 | €46,441 | +€14,524 | +45.5% |
| Trade debts | 44 | €1,755 | €9,951 | +€8,196 | +467.1% |
| Suppliers | 440/4 | €1,755 | €9,951 | +€8,196 | +467.1% |
| Taxes, remuneration and social security | 45 | €30,162 | €36,490 | +€6,328 | +21.0% |
| Taxes | 450/3 | €30,162 | €36,490 | +€6,328 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,583 | +€1,583 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,583 | +€17,583 | |
| Other operating charges | 640/8 | €387 | €1,180 | +€793 | +204.7% |
| Gross operating margin | 9900 | €94,419 | €85,890 | -€8,528 | -9.0% |
| Operating profit (loss) | 9901 | €94,031 | €65,544 | -€28,487 | -30.3% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100.0% |
| Financial charges | 65/66B | - | €214 | +€214 | |
| Recurring financial charges | 65 | - | €214 | +€214 | |
| Profit (loss) for the period before taxes | 9903 | €94,033 | €65,330 | -€28,703 | -30.5% |
| Income taxes | 67/77 | €19,553 | €14,562 | -€4,990 | -25.5% |
| Profit (loss) for the period | 9904 | €74,480 | €50,767 | -€23,713 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €74,480 | €50,767 | -€23,713 | -31.8% |
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 9 October 2026 via checked.be.