X.DESIGN: 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.DESIGN
Largest movements
- Receivables within one year -€137,494
down €137,494 (-70.1%), from €196,059 to €58,565
of which Other amounts receivable: -€106,150
- Stocks and contracts -€13,105
no longer reported in 2025 (was €13,105)
- Other debts -€97,137
down €97,137 (-89.6%), from €108,438 to €11,300
- Profit (loss) carried forward -€51,504
down €51,504 (-62.7%), from €82,131 to €30,627
- Tax, wage and social debts -€4,819
down €4,819 (-95.1%), from €5,066 to €247
- Gross operating margin +€8,428
up €8,428 (+54.1%), from -€15,593 to -€7,164
- Financial income +€1,087
up €1,087 (+2433.5%), from €45 to €1,131
of which Non-recurring financial income: +€1,131
- Other operating charges -€794
down €794 (-66.5%), from €1,194 to €400
- Depreciation -€277
no longer reported in 2025 (was €277)
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €209,916 | €58,799 | -€151,117 | -72.0% |
| Current assets | 29/58 | €209,916 | €58,799 | -€151,117 | -72.0% |
| Stocks and contracts in progress | 3 | €13,105 | - | -€13,105 | |
| Stocks | 30/36 | €13,105 | - | -€13,105 | |
| Amounts receivable within one year | 40/41 | €196,059 | €58,565 | -€137,494 | -70.1% |
| Trade receivables | 40 | €31,344 | - | -€31,344 | |
| Other amounts receivable | 41 | €164,715 | €58,565 | -€106,150 | -64.4% |
| Cash at bank and in hand | 54/58 | €153 | €234 | +€81 | +53.0% |
| Deferred charges and accrued income | 490/1 | €599 | - | -€599 | |
| Total equity and liabilities | 10/49 | €209,916 | €58,799 | -€151,117 | -72.0% |
| Equity | 10/15 | €90,191 | €38,687 | -€51,504 | -57.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,131 | €30,627 | -€51,504 | -62.7% |
| Amounts payable | 17/49 | €119,725 | €20,112 | -€99,613 | -83.2% |
| Amounts payable within one year | 42/48 | €119,725 | €20,112 | -€99,613 | -83.2% |
| Financial debts | 43 | - | €1,248 | +€1,248 | |
| Credit institutions | 430/8 | - | €1,248 | +€1,248 | |
| Trade debts | 44 | €6,222 | €7,317 | +€1,095 | +17.6% |
| Suppliers | 440/4 | €6,222 | €7,317 | +€1,095 | +17.6% |
| Taxes, remuneration and social security | 45 | €5,066 | €247 | -€4,819 | -95.1% |
| Taxes | 450/3 | €5,066 | €247 | -€4,819 | -95.1% |
| Other amounts payable | 47/48 | €108,438 | €11,300 | -€97,137 | -89.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €277 | - | -€277 | |
| Other operating charges | 640/8 | €1,194 | €400 | -€794 | -66.5% |
| Gross operating margin | 9900 | -€15,593 | -€7,164 | +€8,428 | +54.1% |
| Operating profit (loss) | 9901 | -€17,063 | -€7,564 | +€9,499 | +55.7% |
| Financial income | 75/76B | €45 | €1,131 | +€1,087 | +2433.5% |
| Recurring financial income | 75 | €45 | €1,131 | +€1,087 | +2433.5% |
| Non-recurring financial income | 76B | - | €1,131 | +€1,131 | |
| Financial charges | 65/66B | €777 | €673 | -€104 | -13.4% |
| Recurring financial charges | 65 | €777 | €673 | -€104 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,796 | -€7,106 | +€10,690 | +60.1% |
| Income taxes | 67/77 | €132 | €73 | -€59 | -44.7% |
| Profit (loss) for the period | 9904 | -€17,927 | -€7,179 | +€10,748 | +60.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,927 | -€7,179 | +€10,748 | +60.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 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.