X-CLASSICS: 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-CLASSICS
Largest movements
- Cash +€104,759
up €104,759 (+113%), from €92,879 to €197,638
mainly Net result for the year (+€241,891) and Tax, wage and social debts (+€20,872)
- Receivables within one year +€22,634
up €22,634 (+27.2%), from €83,358 to €105,992
of which Trade receivables: +€34,197
- Reserves +€150,167
new in 2025: €150,167
- Other debts -€136,510
down €136,510 (-41.0%), from €332,655 to €196,145
- Profit (loss) carried forward +€91,724
no longer reported in 2025 (was -€91,724)
- Tax, wage and social debts +€20,872
new in 2025: €20,872
- Gross operating margin +€139,628
up €139,628 (+72.4%), from €192,792 to €332,420
- Taxes +€74,016
new in 2025: €74,016
- Other operating charges +€14,603
up €14,603 (+2,213%), from €660 to €15,262
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 | €261,953 | €389,346 | +€127,393 | +48.6% |
| Current assets | 29/58 | €261,953 | €389,346 | +€127,393 | +48.6% |
| Stocks and contracts in progress | 3 | €85,716 | €85,716 | = | 0.0% |
| Stocks | 30/36 | €85,716 | €85,716 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €83,358 | €105,992 | +€22,634 | +27.2% |
| Trade receivables | 40 | €70,794 | €104,991 | +€34,197 | +48.3% |
| Other amounts receivable | 41 | €12,564 | €1,001 | -€11,563 | -92.0% |
| Cash at bank and in hand | 54/58 | €92,879 | €197,638 | +€104,759 | +113% |
| Total equity and liabilities | 10/49 | €261,953 | €389,346 | +€127,393 | +48.6% |
| Equity | 10/15 | -€71,724 | €170,167 | +€241,891 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €150,167 | +€150,167 | |
| Distributable reserves | 133 | - | €150,167 | +€150,167 | |
| Profit (loss) carried forward | 14 | -€91,724 | - | +€91,724 | |
| Amounts payable | 17/49 | €333,677 | €219,179 | -€114,498 | -34.3% |
| Amounts payable within one year | 42/48 | €333,677 | €219,179 | -€114,498 | -34.3% |
| Trade debts | 44 | €1,022 | €2,161 | +€1,140 | +112% |
| Suppliers | 440/4 | €1,022 | €2,161 | +€1,140 | +112% |
| Taxes, remuneration and social security | 45 | - | €20,872 | +€20,872 | |
| Taxes | 450/3 | - | €20,872 | +€20,872 | |
| Other amounts payable | 47/48 | €332,655 | €196,145 | -€136,510 | -41.0% |
| Other operating charges | 640/8 | €660 | €15,262 | +€14,603 | +2,213% |
| Gross operating margin | 9900 | €192,792 | €332,420 | +€139,628 | +72.4% |
| Operating profit (loss) | 9901 | €192,132 | €317,158 | +€125,026 | +65.1% |
| Financial charges | 65/66B | €59 | €1,251 | +€1,192 | +2,020% |
| Recurring financial charges | 65 | €59 | €1,251 | +€1,192 | +2,020% |
| Profit (loss) for the period before taxes | 9903 | €192,073 | €315,907 | +€123,834 | +64.5% |
| Income taxes | 67/77 | - | €74,016 | +€74,016 | |
| Profit (loss) for the period | 9904 | €192,073 | €241,891 | +€49,818 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €192,073 | €241,891 | +€49,818 | +25.9% |
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 30 October 2026 via checked.be.