X-Clu: 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-Clu
Largest movements
- Tangible fixed assets +€76,085
up €76,085 (+132%), from €57,745 to €133,830
of which Furniture and vehicles: +€82,079
- Receivables within one year -€45,461
down €45,461 (-75.2%), from €60,435 to €14,974
- Reserves +€46,584
up €46,584 (+22.2%), from €210,105 to €256,689
of which Distributable reserves: +€46,584
- Debts after one year -€9,585
down €9,585 (-24.3%), from €39,504 to €29,919
- Tax, wage and social debts -€3,505
down €3,505 (-19.4%), from €18,053 to €14,548
- Depreciation +€15,259
up €15,259 (+188%), from €8,099 to €23,358
- Taxes -€4,231
down €4,231 (-19.0%), from €22,277 to €18,046
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 | €295,849 | €328,763 | +€32,914 | +11.1% |
| Fixed assets | 21/28 | €57,745 | €133,830 | +€76,085 | +132% |
| Tangible fixed assets | 22/27 | €57,745 | €133,830 | +€76,085 | +132% |
| Land and buildings | 22 | €57,447 | €51,452 | -€5,994 | -10.4% |
| Furniture and vehicles | 24 | €299 | €82,378 | +€82,079 | +27,497% |
| Current assets | 29/58 | €238,104 | €194,933 | -€43,171 | -18.1% |
| Amounts receivable within one year | 40/41 | €60,435 | €14,974 | -€45,461 | -75.2% |
| Trade receivables | 40 | €60,435 | €14,974 | -€45,461 | -75.2% |
| Cash at bank and in hand | 54/58 | €177,669 | €177,764 | +€95 | +0.1% |
| Deferred charges and accrued income | 490/1 | - | €2,196 | +€2,196 | |
| Total equity and liabilities | 10/49 | €295,849 | €328,763 | +€32,914 | +11.1% |
| Equity | 10/15 | €216,305 | €262,889 | +€46,584 | +21.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €210,105 | €256,689 | +€46,584 | +22.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €208,245 | €254,829 | +€46,584 | +22.4% |
| Amounts payable | 17/49 | €79,544 | €65,874 | -€13,670 | -17.2% |
| Amounts payable after more than one year | 17 | €39,504 | €29,919 | -€9,585 | -24.3% |
| Financial debts | 170/4 | €39,504 | €29,919 | -€9,585 | -24.3% |
| Amounts payable within one year | 42/48 | €40,002 | €35,917 | -€4,085 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €9,398 | €9,585 | +€187 | +2.0% |
| Trade debts | 44 | €1,884 | €2,894 | +€1,010 | +53.6% |
| Suppliers | 440/4 | €1,884 | €2,894 | +€1,010 | +53.6% |
| Taxes, remuneration and social security | 45 | €18,053 | €14,548 | -€3,505 | -19.4% |
| Taxes | 450/3 | €18,053 | €14,548 | -€3,505 | -19.4% |
| Other amounts payable | 47/48 | €10,667 | €8,890 | -€1,777 | -16.7% |
| Accrued charges and deferred income | 492/3 | €37 | €37 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,099 | €23,358 | +€15,259 | +188% |
| Other operating charges | 640/8 | €2,058 | €1,258 | -€800 | -38.9% |
| Gross operating margin | 9900 | €89,768 | €90,465 | +€697 | +0.8% |
| Operating profit (loss) | 9901 | €79,610 | €65,849 | -€13,761 | -17.3% |
| Financial income | 75/76B | €49 | €5 | -€45 | -90.6% |
| Recurring financial income | 75 | €49 | €5 | -€45 | -90.6% |
| Financial charges | 65/66B | €1,719 | €1,224 | -€495 | -28.8% |
| Recurring financial charges | 65 | €1,719 | €1,224 | -€495 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €77,941 | €64,630 | -€13,311 | -17.1% |
| Income taxes | 67/77 | €22,277 | €18,046 | -€4,231 | -19.0% |
| Profit (loss) for the period | 9904 | €55,664 | €46,584 | -€9,080 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €55,664 | €46,584 | -€9,080 | -16.3% |
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 19 October 2026 via checked.be.