X-CHANGE-CONSULT: 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-CHANGE-CONSULT
Largest movements
- Stocks and contracts -€12,179
down €12,179 (-43.8%), from €27,831 to €15,652
- Receivables within one year -€11,696
down €11,696 (-89.4%), from €13,082 to €1,386
of which Trade receivables: -€13,015
- Intangible fixed assets +€6,440
new in 2025: €6,440
- Cash +€3,434
up €3,434 (+1,612%), from €213 to €3,647
mainly Stocks and contracts (+€12,179) and Receivables within one year (+€11,696)
- Debts after one year -€19,916
down €19,916 (-34.3%), from €58,000 to €38,084
- Trade debts +€7,981
up €7,981 (+252%), from €3,170 to €11,150
- Advances received -€4,850
down €4,850 (-97.0%), from €5,000 to €150
- Other debts +€3,583
up €3,583 (+41.1%), from €8,722 to €12,304
- Profit (loss) carried forward -€1,230
down €1,230 (-1.5%), from -€82,480 to -€83,711
- Financial charges -€36,232
down €36,232 (-84.4%), from €42,935 to €6,703
of which Non-recurring financial charges: -€36,479
- Gross operating margin -€22,876
down €22,876 (-74.1%), from €30,885 to €8,008
- Depreciation +€2,414
new in 2025: €2,414
- Other operating charges +€407
up €407 (+354%), from €115 to €522
- Financial income +€400
new in 2025: €400
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 | €41,128 | €27,126 | -€14,002 | -34.0% |
| Fixed assets | 21/28 | €1 | €6,441 | +€6,440 | +515,194% |
| Intangible fixed assets | 21 | - | €6,440 | +€6,440 | |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €41,127 | €20,685 | -€20,442 | -49.7% |
| Stocks and contracts in progress | 3 | €27,831 | €15,652 | -€12,179 | -43.8% |
| Stocks | 30/36 | €27,831 | €15,652 | -€12,179 | -43.8% |
| Amounts receivable within one year | 40/41 | €13,082 | €1,386 | -€11,696 | -89.4% |
| Trade receivables | 40 | €13,015 | €0 | -€13,015 | -100% |
| Other amounts receivable | 41 | €68 | €1,386 | +€1,319 | +1,948% |
| Cash at bank and in hand | 54/58 | €213 | €3,647 | +€3,434 | +1,612% |
| Total equity and liabilities | 10/49 | €41,128 | €27,126 | -€14,002 | -34.0% |
| Equity | 10/15 | -€37,738 | -€38,969 | -€1,230 | -3.3% |
| Contributions | 10/11 | €42,882 | €42,882 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,480 | -€83,711 | -€1,230 | -1.5% |
| Amounts payable | 17/49 | €78,866 | €66,095 | -€12,771 | -16.2% |
| Amounts payable after more than one year | 17 | €58,000 | €38,084 | -€19,916 | -34.3% |
| Financial debts | 170/4 | €58,000 | €38,084 | -€19,916 | -34.3% |
| Amounts payable within one year | 42/48 | €20,866 | €28,011 | +€7,145 | +34.2% |
| Trade debts | 44 | €3,170 | €11,150 | +€7,981 | +252% |
| Suppliers | 440/4 | €3,170 | €11,150 | +€7,981 | +252% |
| Advances received on contracts in progress | 46 | €5,000 | €150 | -€4,850 | -97.0% |
| Taxes, remuneration and social security | 45 | €3,975 | €4,406 | +€431 | +10.9% |
| Taxes | 450/3 | €3,975 | €4,406 | +€431 | +10.9% |
| Other amounts payable | 47/48 | €8,722 | €12,304 | +€3,583 | +41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,414 | +€2,414 | |
| Other operating charges | 640/8 | €115 | €522 | +€407 | +354% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €30,885 | €8,008 | -€22,876 | -74.1% |
| Operating profit (loss) | 9901 | €30,770 | €5,072 | -€25,697 | -83.5% |
| Financial income | 75/76B | - | €400 | +€400 | |
| Recurring financial income | 75 | - | €400 | +€400 | |
| Financial charges | 65/66B | €42,935 | €6,703 | -€36,232 | -84.4% |
| Recurring financial charges | 65 | €6,456 | €6,703 | +€247 | +3.8% |
| Non-recurring financial charges | 66B | €36,479 | - | -€36,479 | |
| Profit (loss) for the period before taxes | 9903 | -€12,165 | -€1,230 | +€10,935 | +89.9% |
| Profit (loss) for the period | 9904 | -€12,165 | -€1,230 | +€10,935 | +89.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,165 | -€1,230 | +€10,935 | +89.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.