SX Consulting: 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.
SX Consulting
Largest movements
- Cash -€18,407
down €18,407 (-30.2%), from €61,007 to €42,599
mainly Contributions, distributions and other (-€35,000) and Net result for the year (-€12,463)
- Tangible fixed assets -€9,899
down €9,899 (-38.1%), from €25,992 to €16,093
of which Furniture and vehicles: -€9,658
- Receivables within one year -€9,521
down €9,521 (-54.9%), from €17,338 to €7,817
of which Trade receivables: -€11,979
- Reserves -€35,000
down €35,000 (-46.3%), from €75,570 to €40,570
- Other debts +€29,750
new in 2025: €29,750
- Profit (loss) carried forward -€12,463
new in 2025: -€12,463
- Current portion of long-term debt -€10,670
down €10,670 (-100%), from €10,670 to €0
- Debts after one year -€6,407
down €6,407 (-100%), from €6,407 to €0
- Gross operating margin +€7,718
up €7,718 (+99.1%), from -€7,788 to -€70
- Other operating charges +€319
new in 2025: €319
- Depreciation +€92
up €92 (+0.8%), from €11,093 to €11,186
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 | €104,337 | €66,509 | -€37,827 | -36.3% |
| Fixed assets | 21/28 | €25,992 | €16,093 | -€9,899 | -38.1% |
| Tangible fixed assets | 22/27 | €25,992 | €16,093 | -€9,899 | -38.1% |
| Plant, machinery and equipment | 23 | €293 | €52 | -€241 | -82.4% |
| Furniture and vehicles | 24 | €25,700 | €16,042 | -€9,658 | -37.6% |
| Current assets | 29/58 | €78,344 | €50,416 | -€27,928 | -35.6% |
| Amounts receivable within one year | 40/41 | €17,338 | €7,817 | -€9,521 | -54.9% |
| Trade receivables | 40 | €11,979 | €0 | -€11,979 | -100% |
| Other amounts receivable | 41 | €5,359 | €7,817 | +€2,458 | +45.9% |
| Cash at bank and in hand | 54/58 | €61,007 | €42,599 | -€18,407 | -30.2% |
| Total equity and liabilities | 10/49 | €104,337 | €66,509 | -€37,827 | -36.3% |
| Equity | 10/15 | €78,070 | €30,607 | -€47,463 | -60.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €75,570 | €40,570 | -€35,000 | -46.3% |
| Distributable reserves | 133 | €75,570 | €40,570 | -€35,000 | -46.3% |
| Profit (loss) carried forward | 14 | - | -€12,463 | -€12,463 | |
| Amounts payable | 17/49 | €26,267 | €35,903 | +€9,635 | +36.7% |
| Amounts payable after more than one year | 17 | €6,407 | €0 | -€6,407 | -100% |
| Financial debts | 170/4 | €6,407 | €0 | -€6,407 | -100% |
| Amounts payable within one year | 42/48 | €19,861 | €35,903 | +€16,042 | +80.8% |
| Current portion of amounts payable after more than one year | 42 | €10,670 | €0 | -€10,670 | -100% |
| Trade debts | 44 | €2,022 | €587 | -€1,435 | -71.0% |
| Suppliers | 440/4 | €2,022 | €587 | -€1,435 | -71.0% |
| Taxes, remuneration and social security | 45 | €7,169 | €5,566 | -€1,603 | -22.4% |
| Taxes | 450/3 | €7,169 | €5,566 | -€1,603 | -22.4% |
| Other amounts payable | 47/48 | - | €29,750 | +€29,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,093 | €11,186 | +€92 | +0.8% |
| Other operating charges | 640/8 | - | €319 | +€319 | |
| Gross operating margin | 9900 | -€7,788 | -€70 | +€7,718 | +99.1% |
| Operating profit (loss) | 9901 | -€18,881 | -€11,574 | +€7,307 | +38.7% |
| Financial income | 75/76B | €201 | €211 | +€10 | +4.9% |
| Recurring financial income | 75 | €201 | €211 | +€10 | +4.9% |
| Financial charges | 65/66B | €937 | €923 | -€14 | -1.5% |
| Recurring financial charges | 65 | €937 | €923 | -€14 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | -€19,617 | -€12,286 | +€7,331 | +37.4% |
| Income taxes | 67/77 | €140 | €176 | +€37 | +26.2% |
| Profit (loss) for the period | 9904 | -€19,757 | -€12,463 | +€7,294 | +36.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,757 | -€12,463 | +€7,294 | +36.9% |
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 25 October 2026 via checked.be.