RXW Group: what changed
Two fiscal 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.
RXW Group
Largest movements
- Receivables within one year -€94,290
down €94,290 (-9.0%), from €1.0m to €949,423
of which Trade receivables: -€85,417
- Profit (loss) carried forward -€108,262
down €108,262 (-2.1%), from -€5.2m to -€5.3m
- Other debts +€105,000
up €105,000 (+8.5%), from €1.2m to €1.3m
- Staff costs -€114,881
down €114,881 (-57.1%), from €201,066 to €86,185
- Gross operating margin -€108,137
down €108,137 (-338.4%), from -€31,955 to -€140,092
- Financial income +€102,384
up €102,384 (+105.8%), from €96,800 to €199,184
of which Non-recurring financial income: +€132,522
- Financial charges -€86,117
down €86,117 (-51.9%), from €166,033 to €79,916
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 | €7,609,601 | €7,507,320 | -€102,281 | -1.3% |
| Fixed assets | 21/28 | €6,401,432 | €6,401,432 | = | 0.0% |
| Financial fixed assets | 28 | €6,401,432 | €6,401,432 | = | 0.0% |
| Current assets | 29/58 | €1,208,169 | €1,105,888 | -€102,281 | -8.5% |
| Amounts receivable within one year | 40/41 | €1,043,713 | €949,423 | -€94,290 | -9.0% |
| Trade receivables | 40 | €100,397 | €14,980 | -€85,417 | -85.1% |
| Other amounts receivable | 41 | €943,316 | €934,443 | -€8,873 | -0.9% |
| Cash at bank and in hand | 54/58 | €102,804 | €42,252 | -€60,552 | -58.9% |
| Deferred charges and accrued income | 490/1 | €61,652 | €114,213 | +€52,561 | +85.3% |
| Total equity and liabilities | 10/49 | €7,609,601 | €7,507,320 | -€102,281 | -1.3% |
| Equity | 10/15 | €4,513,436 | €4,405,174 | -€108,262 | -2.4% |
| Contributions | 10/11 | €8,753,813 | €8,753,813 | = | 0.0% |
| Capital | 10 | €6,732,937 | €6,732,937 | = | 0.0% |
| Issued capital | 100 | €6,732,937 | €6,732,937 | = | 0.0% |
| Outside capital | 11 | €2,020,875 | €2,020,875 | = | 0.0% |
| Share premium | 1100/10 | €2,020,875 | €2,020,875 | = | 0.0% |
| Reserves | 13 | €999,990 | €999,990 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €949,991 | €949,991 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,240,367 | -€5,348,629 | -€108,262 | -2.1% |
| Amounts payable | 17/49 | €3,096,165 | €3,102,146 | +€5,981 | +0.2% |
| Amounts payable after more than one year | 17 | €1,595,000 | €1,585,000 | -€10,000 | -0.6% |
| Financial debts | 170/4 | €1,595,000 | €1,585,000 | -€10,000 | -0.6% |
| Amounts payable within one year | 42/48 | €1,300,160 | €1,369,717 | +€69,557 | +5.3% |
| Trade debts | 44 | €40,957 | €28,463 | -€12,494 | -30.5% |
| Suppliers | 440/4 | €40,957 | €28,463 | -€12,494 | -30.5% |
| Taxes, remuneration and social security | 45 | €29,203 | €6,254 | -€22,949 | -78.6% |
| Taxes | 450/3 | €6,741 | €1,499 | -€5,243 | -77.8% |
| Remuneration and social security | 454/9 | €22,462 | €4,756 | -€17,706 | -78.8% |
| Other amounts payable | 47/48 | €1,230,000 | €1,335,000 | +€105,000 | +8.5% |
| Accrued charges and deferred income | 492/3 | €201,005 | €147,429 | -€53,576 | -26.7% |
| Remuneration, social security and pensions | 62 | €201,066 | €86,185 | -€114,881 | -57.1% |
| Other operating charges | 640/8 | €2,204 | €1,253 | -€952 | -43.2% |
| Gross operating margin | 9900 | -€31,955 | -€140,092 | -€108,137 | -338.4% |
| Operating profit (loss) | 9901 | -€235,225 | -€227,529 | +€7,696 | +3.3% |
| Financial income | 75/76B | €96,800 | €199,184 | +€102,384 | +105.8% |
| Recurring financial income | 75 | €96,800 | €66,662 | -€30,138 | -31.1% |
| Non-recurring financial income | 76B | - | €132,522 | +€132,522 | |
| Financial charges | 65/66B | €166,033 | €79,916 | -€86,117 | -51.9% |
| Recurring financial charges | 65 | €166,033 | €79,916 | -€86,117 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | -€304,458 | -€108,262 | +€196,196 | +64.4% |
| Profit (loss) for the period | 9904 | -€304,458 | -€108,262 | +€196,196 | +64.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€304,458 | -€108,262 | +€196,196 | +64.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.