X’CESS - PROJECTS & SERVICES: 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’CESS - PROJECTS & SERVICES
Largest movements
- Tangible fixed assets -€25,656
down €25,656 (-16.5%), from €155,469 to €129,814
of which Furniture and vehicles: -€26,219
- Deferred charges and accrued income +€8,039
up €8,039 (+76.8%), from €10,465 to €18,505
- Receivables within one year -€3,493
down €3,493 (-38.9%), from €8,983 to €5,490
of which Trade receivables: -€8,983
- Debts after one year -€53,194
down €53,194 (-41.0%), from €129,640 to €76,446
of which Financial debts: -€28,194
- Current portion of long-term debt +€16,225
up €16,225 (+85.3%), from €19,020 to €35,245
- Reserves +€9,433
new in 2025: €9,433
- Tax, wage and social debts +€8,144
up €8,144 (+309.5%), from €2,631 to €10,775
- Profit (loss) carried forward -€4,512
down €4,512 (-100.0%), from €4,512 to €0
- Gross operating margin +€31,811
up €31,811 (+137.4%), from €23,156 to €54,967
- Depreciation +€15,576
up €15,576 (+78.2%), from €19,925 to €35,501
- Financial charges +€8,066
up €8,066 (+1223.8%), from €659 to €8,725
- Taxes +€2,934
up €2,934 (+590.3%), from €497 to €3,431
- Other operating charges +€1,715
up €1,715 (+406.7%), from €422 to €2,137
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 | €191,994 | €170,406 | -€21,588 | -11.2% |
| Fixed assets | 21/28 | €155,469 | €129,814 | -€25,656 | -16.5% |
| Tangible fixed assets | 22/27 | €155,469 | €129,814 | -€25,656 | -16.5% |
| Plant, machinery and equipment | 23 | - | €563 | +€563 | |
| Furniture and vehicles | 24 | €155,469 | €129,251 | -€26,219 | -16.9% |
| Current assets | 29/58 | €36,525 | €40,593 | +€4,068 | +11.1% |
| Amounts receivable within one year | 40/41 | €8,983 | €5,490 | -€3,493 | -38.9% |
| Trade receivables | 40 | €8,983 | €0 | -€8,983 | -100.0% |
| Other amounts receivable | 41 | €0 | €5,490 | +€5,490 | |
| Cash at bank and in hand | 54/58 | €17,076 | €16,598 | -€478 | -2.8% |
| Deferred charges and accrued income | 490/1 | €10,465 | €18,505 | +€8,039 | +76.8% |
| Total equity and liabilities | 10/49 | €191,994 | €170,406 | -€21,588 | -11.2% |
| Equity | 10/15 | €21,512 | €26,433 | +€4,922 | +22.9% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Reserves | 13 | - | €9,433 | +€9,433 | |
| Distributable reserves | 133 | - | €9,433 | +€9,433 | |
| Profit (loss) carried forward | 14 | €4,512 | €0 | -€4,512 | -100.0% |
| Amounts payable | 17/49 | €170,483 | €143,973 | -€26,510 | -15.5% |
| Amounts payable after more than one year | 17 | €129,640 | €76,446 | -€53,194 | -41.0% |
| Financial debts | 170/4 | €54,640 | €26,446 | -€28,194 | -51.6% |
| Other amounts payable | 178/9 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Amounts payable within one year | 42/48 | €40,843 | €67,527 | +€26,684 | +65.3% |
| Current portion of amounts payable after more than one year | 42 | €19,020 | €35,245 | +€16,225 | +85.3% |
| Trade debts | 44 | €13,585 | €17,393 | +€3,808 | +28.0% |
| Suppliers | 440/4 | €13,585 | €17,393 | +€3,808 | +28.0% |
| Taxes, remuneration and social security | 45 | €2,631 | €10,775 | +€8,144 | +309.5% |
| Taxes | 450/3 | €2,631 | €10,775 | +€8,144 | +309.5% |
| Other amounts payable | 47/48 | €5,606 | €4,113 | -€1,493 | -26.6% |
| Remuneration, social security and pensions | 62 | - | €251 | +€251 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,925 | €35,501 | +€15,576 | +78.2% |
| Other operating charges | 640/8 | €422 | €2,137 | +€1,715 | +406.7% |
| Gross operating margin | 9900 | €23,156 | €54,967 | +€31,811 | +137.4% |
| Operating profit (loss) | 9901 | €2,809 | €17,078 | +€14,269 | +508.0% |
| Financial income | 75/76B | €4 | €0 | -€4 | -99.8% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -99.8% |
| Financial charges | 65/66B | €659 | €8,725 | +€8,066 | +1223.8% |
| Recurring financial charges | 65 | €659 | €8,725 | +€8,066 | +1223.8% |
| Profit (loss) for the period before taxes | 9903 | €2,154 | €8,352 | +€6,199 | +287.8% |
| Income taxes | 67/77 | €497 | €3,431 | +€2,934 | +590.3% |
| Profit (loss) for the period | 9904 | €1,657 | €4,922 | +€3,265 | +197.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,657 | €4,922 | +€3,265 | +197.1% |
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 10 October 2026 via checked.be.