X-CONCEPT: what changed
Two fiscal 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-CONCEPT
Largest movements
- Deferred charges and accrued income -€2,025
down €2,025 (-24.3%), from €8,325 to €6,300
- Cash -€967
down €967 (-49.5%), from €1,953 to €985
mainly Net result for the year (-€29,330) and Receivables within one year (-€306)
- Stocks and contracts -€945
down €945 (-19.8%), from €4,781 to €3,836
- Tangible fixed assets -€891
no longer reported in 2026 (was €891)
of which Plant, machinery and equipment: -€478
- Receivables within one year +€306
new in 2026: €306
- Profit (loss) carried forward -€29,330
down €29,330 (-75.7%), from -€38,738 to -€68,068
- Other debts +€24,530
up €24,530 (+53.8%), from €45,573 to €70,103
- Tax, wage and social debts +€213
up €213 (+8.7%), from €2,459 to €2,672
of which Taxes: +€1,213
- Gross operating margin -€17,563
down €17,563 (-184.5%), from -€9,520 to -€27,083
- Other operating charges -€756
down €756 (-43.5%), from €1,736 to €981
- Depreciation -€666
down €666 (-42.8%), from €1,557 to €891
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,949 | €11,427 | -€4,522 | -28.4% |
| Fixed assets | 21/28 | €891 | - | -€891 | |
| Tangible fixed assets | 22/27 | €891 | - | -€891 | |
| Plant, machinery and equipment | 23 | €478 | - | -€478 | |
| Furniture and vehicles | 24 | €413 | - | -€413 | |
| Current assets | 29/58 | €15,058 | €11,427 | -€3,631 | -24.1% |
| Stocks and contracts in progress | 3 | €4,781 | €3,836 | -€945 | -19.8% |
| Stocks | 30/36 | €4,781 | €3,836 | -€945 | -19.8% |
| Amounts receivable within one year | 40/41 | - | €306 | +€306 | |
| Trade receivables | 40 | - | €306 | +€306 | |
| Cash at bank and in hand | 54/58 | €1,953 | €985 | -€967 | -49.5% |
| Deferred charges and accrued income | 490/1 | €8,325 | €6,300 | -€2,025 | -24.3% |
| Total equity and liabilities | 10/49 | €15,949 | €11,427 | -€4,522 | -28.4% |
| Equity | 10/15 | -€32,179 | -€61,509 | -€29,330 | -91.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €359 | €359 | = | 0.0% |
| Non-distributable reserves | 130/1 | €359 | €359 | = | 0.0% |
| Reserves not available under the articles | 1311 | €359 | €359 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,738 | -€68,068 | -€29,330 | -75.7% |
| Amounts payable | 17/49 | €48,128 | €72,936 | +€24,808 | +51.5% |
| Amounts payable within one year | 42/48 | €48,128 | €72,936 | +€24,808 | +51.5% |
| Trade debts | 44 | €96 | €160 | +€64 | +67.0% |
| Suppliers | 440/4 | €96 | €160 | +€64 | +67.0% |
| Taxes, remuneration and social security | 45 | €2,459 | €2,672 | +€213 | +8.7% |
| Taxes | 450/3 | €1,459 | €2,672 | +€1,213 | +83.1% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €45,573 | €70,103 | +€24,530 | +53.8% |
| Non-recurring operating income | 76A | €7,237 | - | -€7,237 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,557 | €891 | -€666 | -42.8% |
| Other operating charges | 640/8 | €1,736 | €981 | -€756 | -43.5% |
| Gross operating margin | 9900 | -€9,520 | -€27,083 | -€17,563 | -184.5% |
| Operating profit (loss) | 9901 | -€12,813 | -€28,954 | -€16,141 | -126.0% |
| Financial income | 75/76B | €21 | €29 | +€8 | +38.8% |
| Recurring financial income | 75 | €21 | €29 | +€8 | +38.8% |
| Financial charges | 65/66B | €319 | €405 | +€86 | +26.8% |
| Recurring financial charges | 65 | €319 | €405 | +€86 | +26.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,111 | -€29,330 | -€16,219 | -123.7% |
| Profit (loss) for the period | 9904 | -€13,111 | -€29,330 | -€16,219 | -123.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,111 | -€29,330 | -€16,219 | -123.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.