THE XX: 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.
THE XX
Largest movements
- Cash +€17,409
up €17,409 (+72.3%), from €24,084 to €41,493
mainly Net result for the year (+€10,916) and Accrued charges and deferred income (+€9,760)
- Tangible fixed assets -€1,896
down €1,896 (-14.3%), from €13,280 to €11,384
of which Plant, machinery and equipment: -€2,247
- Deferred charges and accrued income -€1,799
down €1,799 (-73.2%), from €2,457 to €658
- Stocks and contracts +€1,669
up €1,669 (+120.9%), from €1,380 to €3,049
- Receivables within one year +€1,053
up €1,053 (+194.3%), from €542 to €1,596
of which Trade receivables: +€948
- Reserves +€10,916
new in 2025: €10,916
- Accrued charges and deferred income +€9,760
up €9,760 (+1562.7%), from €625 to €10,384
- Trade debts -€5,511
down €5,511 (-69.3%), from €7,953 to €2,442
- Tax, wage and social debts +€1,915
up €1,915 (+17.5%), from €10,948 to €12,863
of which Taxes: +€3,656
- Other debts -€643
down €643 (-84.5%), from €761 to €118
- Gross operating margin +€30,846
up €30,846 (+69.7%), from €44,237 to €75,083
- Staff costs +€6,081
up €6,081 (+12.1%), from €50,174 to €56,255
- Taxes +€2,358
new in 2025: €2,358
- Other operating charges +€1,949
up €1,949 (+494.9%), from €394 to €2,343
- Depreciation +€812
up €812 (+34.6%), from €2,348 to €3,160
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 | €41,743 | €58,180 | +€16,437 | +39.4% |
| Fixed assets | 21/28 | €13,280 | €11,384 | -€1,896 | -14.3% |
| Tangible fixed assets | 22/27 | €13,280 | €11,384 | -€1,896 | -14.3% |
| Plant, machinery and equipment | 23 | €13,280 | €11,034 | -€2,247 | -16.9% |
| Furniture and vehicles | 24 | - | €350 | +€350 | |
| Current assets | 29/58 | €28,462 | €46,796 | +€18,333 | +64.4% |
| Stocks and contracts in progress | 3 | €1,380 | €3,049 | +€1,669 | +120.9% |
| Stocks | 30/36 | €1,380 | €3,049 | +€1,669 | +120.9% |
| Amounts receivable within one year | 40/41 | €542 | €1,596 | +€1,053 | +194.3% |
| Trade receivables | 40 | €542 | €1,491 | +€948 | +174.9% |
| Other amounts receivable | 41 | - | €105 | +€105 | |
| Cash at bank and in hand | 54/58 | €24,084 | €41,493 | +€17,409 | +72.3% |
| Deferred charges and accrued income | 490/1 | €2,457 | €658 | -€1,799 | -73.2% |
| Total equity and liabilities | 10/49 | €41,743 | €58,180 | +€16,437 | +39.4% |
| Equity | 10/15 | €21,456 | €32,372 | +€10,916 | +50.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | - | €10,916 | +€10,916 | |
| Distributable reserves | 133 | - | €10,916 | +€10,916 | |
| Profit (loss) carried forward | 14 | -€8,544 | -€8,544 | = | 0.0% |
| Amounts payable | 17/49 | €20,287 | €25,808 | +€5,521 | +27.2% |
| Amounts payable within one year | 42/48 | €19,662 | €15,423 | -€4,239 | -21.6% |
| Trade debts | 44 | €7,953 | €2,442 | -€5,511 | -69.3% |
| Suppliers | 440/4 | €7,953 | €2,442 | -€5,511 | -69.3% |
| Taxes, remuneration and social security | 45 | €10,948 | €12,863 | +€1,915 | +17.5% |
| Taxes | 450/3 | €93 | €3,749 | +€3,656 | +3952.4% |
| Remuneration and social security | 454/9 | €10,855 | €9,114 | -€1,741 | -16.0% |
| Other amounts payable | 47/48 | €761 | €118 | -€643 | -84.5% |
| Accrued charges and deferred income | 492/3 | €625 | €10,384 | +€9,760 | +1562.7% |
| Remuneration, social security and pensions | 62 | €50,174 | €56,255 | +€6,081 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,348 | €3,160 | +€812 | +34.6% |
| Other operating charges | 640/8 | €394 | €2,343 | +€1,949 | +494.9% |
| Gross operating margin | 9900 | €44,237 | €75,083 | +€30,846 | +69.7% |
| Operating profit (loss) | 9901 | -€8,679 | €13,325 | +€22,004 | |
| Financial income | 75/76B | €177 | €6 | -€172 | -96.9% |
| Recurring financial income | 75 | €177 | €6 | -€172 | -96.9% |
| Financial charges | 65/66B | €42 | €57 | +€15 | +35.5% |
| Recurring financial charges | 65 | €42 | €57 | +€15 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,544 | €13,273 | +€21,817 | |
| Income taxes | 67/77 | - | €2,358 | +€2,358 | |
| Profit (loss) for the period | 9904 | -€8,544 | €10,916 | +€19,460 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,544 | €10,916 | +€19,460 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.