ProfitX2: 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.
ProfitX2
Largest movements
- Intangible fixed assets -€72,387
down €72,387 (-23.2%), from €312,394 to €240,007
- Cash -€19,032
down €19,032 (-76.7%), from €24,809 to €5,777
mainly Net result for the year (-€49,564) and Current portion of long-term debt (-€33,333)
- Receivables within one year +€11,041
new in 2025: €11,041
- Profit (loss) carried forward -€49,564
down €49,564 (-14.0%), from -€355,172 to -€404,736
- Current portion of long-term debt -€33,333
no longer reported in 2025 (was €33,333)
- Other debts +€12,300
up €12,300 (+25.6%), from €48,000 to €60,300
- Trade debts -€9,184
no longer reported in 2025 (was €9,184)
- Depreciation -€25,174
down €25,174 (-25.8%), from €97,561 to €72,387
- Gross operating margin +€959
up €959 (+3.9%), from €24,360 to €25,319
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 | €337,203 | €256,826 | -€80,378 | -23.8% |
| Fixed assets | 21/28 | €312,394 | €240,007 | -€72,387 | -23.2% |
| Intangible fixed assets | 21 | €312,394 | €240,007 | -€72,387 | -23.2% |
| Current assets | 29/58 | €24,809 | €16,818 | -€7,991 | -32.2% |
| Amounts receivable within one year | 40/41 | - | €11,041 | +€11,041 | |
| Trade receivables | 40 | - | €11,041 | +€11,041 | |
| Cash at bank and in hand | 54/58 | €24,809 | €5,777 | -€19,032 | -76.7% |
| Total equity and liabilities | 10/49 | €337,203 | €256,826 | -€80,378 | -23.8% |
| Equity | 10/15 | €244,828 | €195,264 | -€49,564 | -20.2% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€355,172 | -€404,736 | -€49,564 | -14.0% |
| Amounts payable | 17/49 | €92,375 | €61,562 | -€30,814 | -33.4% |
| Amounts payable within one year | 42/48 | €92,375 | €61,562 | -€30,814 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €33,333 | - | -€33,333 | |
| Trade debts | 44 | €9,184 | - | -€9,184 | |
| Suppliers | 440/4 | €9,184 | - | -€9,184 | |
| Taxes, remuneration and social security | 45 | €1,858 | €1,262 | -€596 | -32.1% |
| Taxes | 450/3 | €1,858 | €1,262 | -€596 | -32.1% |
| Other amounts payable | 47/48 | €48,000 | €60,300 | +€12,300 | +25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,561 | €72,387 | -€25,174 | -25.8% |
| Other operating charges | 640/8 | €705 | €720 | +€14 | +2.0% |
| Gross operating margin | 9900 | €24,360 | €25,319 | +€959 | +3.9% |
| Operating profit (loss) | 9901 | -€73,906 | -€47,787 | +€26,119 | +35.3% |
| Financial charges | 65/66B | €1,729 | €1,777 | +€48 | +2.8% |
| Recurring financial charges | 65 | €1,729 | €1,777 | +€48 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | -€75,635 | -€49,564 | +€26,071 | +34.5% |
| Profit (loss) for the period | 9904 | -€75,635 | -€49,564 | +€26,071 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,635 | -€49,564 | +€26,071 | +34.5% |
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 19 October 2026 via checked.be.