X-CARRÉ: 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.
X-CARRÉ
Largest movements
- Tangible fixed assets -€20,718
down €20,718 (-85.8%), from €24,156 to €3,438
of which Furniture and vehicles: -€20,591
- Cash -€19,942
down €19,942 (-75.8%), from €26,295 to €6,353
mainly Net result for the year (-€33,243) and Trade debts (-€9,612)
- Financial fixed assets -€800
no longer reported in 2025 (was €800)
- Reserves -€33,243
down €33,243 (-87.9%), from €37,820 to €4,576
- Trade debts -€9,612
down €9,612 (-94.2%), from €10,203 to €591
- Tax, wage and social debts -€2,287
down €2,287 (-90.5%), from €2,527 to €240
- Accrued charges and deferred income +€2,001
up €2,001 (+753%), from €266 to €2,267
- Short-term financial debts +€1,520
new in 2025: €1,520
- Gross operating margin -€52,473
down €52,473, from €35,862 to -€16,611
- Staff costs -€4,593
no longer reported in 2025 (was €4,593)
- Taxes -€2,510
no longer reported in 2025 (was €2,510)
- Financial income +€2,233
up €2,233 (+373%), from €599 to €2,832
of which Non-recurring financial income: +€2,655
- Depreciation -€1,190
down €1,190 (-6.0%), from €19,959 to €18,769
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 | €55,827 | €14,193 | -€41,634 | -74.6% |
| Fixed assets | 21/28 | €25,485 | €3,882 | -€21,604 | -84.8% |
| Intangible fixed assets | 21 | €529 | €443 | -€86 | -16.3% |
| Tangible fixed assets | 22/27 | €24,156 | €3,438 | -€20,718 | -85.8% |
| Plant, machinery and equipment | 23 | €337 | €301 | -€36 | -10.6% |
| Furniture and vehicles | 24 | €23,226 | €2,635 | -€20,591 | -88.7% |
| Other tangible fixed assets | 26 | €593 | €503 | -€90 | -15.2% |
| Financial fixed assets | 28 | €800 | - | -€800 | |
| Current assets | 29/58 | €30,342 | €10,312 | -€20,030 | -66.0% |
| Amounts receivable within one year | 40/41 | €3,890 | €3,958 | +€68 | +1.7% |
| Trade receivables | 40 | €1,261 | €3,784 | +€2,524 | +200% |
| Other amounts receivable | 41 | €2,630 | €174 | -€2,456 | -93.4% |
| Cash at bank and in hand | 54/58 | €26,295 | €6,353 | -€19,942 | -75.8% |
| Deferred charges and accrued income | 490/1 | €157 | - | -€157 | |
| Total equity and liabilities | 10/49 | €55,827 | €14,193 | -€41,634 | -74.6% |
| Equity | 10/15 | €42,820 | €9,576 | -€33,243 | -77.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €37,820 | €4,576 | -€33,243 | -87.9% |
| Distributable reserves | 133 | €37,820 | €4,576 | -€33,243 | -87.9% |
| Amounts payable | 17/49 | €13,007 | €4,617 | -€8,391 | -64.5% |
| Amounts payable within one year | 42/48 | €12,742 | €2,350 | -€10,392 | -81.6% |
| Financial debts | 43 | - | €1,520 | +€1,520 | |
| Credit institutions | 430/8 | - | €1,520 | +€1,520 | |
| Trade debts | 44 | €10,203 | €591 | -€9,612 | -94.2% |
| Suppliers | 440/4 | €10,203 | €591 | -€9,612 | -94.2% |
| Taxes, remuneration and social security | 45 | €2,527 | €240 | -€2,287 | -90.5% |
| Taxes | 450/3 | €2,527 | €240 | -€2,287 | -90.5% |
| Other amounts payable | 47/48 | €12 | - | -€12 | |
| Accrued charges and deferred income | 492/3 | €266 | €2,267 | +€2,001 | +753% |
| Remuneration, social security and pensions | 62 | €4,593 | - | -€4,593 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,959 | €18,769 | -€1,190 | -6.0% |
| Other operating charges | 640/8 | €453 | €467 | +€14 | +3.0% |
| Non-recurring operating charges | 66A | €5,276 | - | -€5,276 | |
| Gross operating margin | 9900 | €35,862 | -€16,611 | -€52,473 | |
| Operating profit (loss) | 9901 | €5,581 | -€35,846 | -€41,427 | |
| Financial income | 75/76B | €599 | €2,832 | +€2,233 | +373% |
| Recurring financial income | 75 | €599 | €177 | -€423 | -70.5% |
| Non-recurring financial income | 76B | - | €2,655 | +€2,655 | |
| Financial charges | 65/66B | €692 | €229 | -€463 | -66.9% |
| Recurring financial charges | 65 | €692 | €229 | -€463 | -66.9% |
| Profit (loss) for the period before taxes | 9903 | €5,488 | -€33,243 | -€38,732 | |
| Income taxes | 67/77 | €2,510 | - | -€2,510 | |
| Profit (loss) for the period | 9904 | €2,978 | -€33,243 | -€36,221 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,978 | -€33,243 | -€36,221 |
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 18 October 2026 via checked.be.