X E G: 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 E G
Largest movements
- Cash -€8,192
down €8,192 (-9.4%), from €87,067 to €78,875
mainly Net result for the year (-€8,026) and Tax, wage and social debts (-€2,201)
- Receivables within one year -€1,738
down €1,738 (-29.8%), from €5,825 to €4,088
of which Other amounts receivable: -€2,261
- Profit (loss) carried forward -€8,026
down €8,026 (-695.6%), from -€1,154 to -€9,180
- Tax, wage and social debts -€2,201
down €2,201 (-82.6%), from €2,664 to €463
- Gross operating margin -€13,186
down €13,186, from €6,033 to -€7,153
- Taxes -€1,557
down €1,557 (-99.8%), from €1,560 to €3
- Depreciation +€229
up €229 (+51.7%), from €443 to €672
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.
Cash bridge derived
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 | €94,793 | €84,192 | -€10,601 | -11.2% |
| Fixed assets | 21/28 | €1,901 | €1,229 | -€672 | -35.3% |
| Tangible fixed assets | 22/27 | €1,901 | €1,229 | -€672 | -35.3% |
| Furniture and vehicles | 24 | €1,901 | €1,229 | -€672 | -35.3% |
| Current assets | 29/58 | €92,893 | €82,963 | -€9,930 | -10.7% |
| Amounts receivable within one year | 40/41 | €5,825 | €4,088 | -€1,738 | -29.8% |
| Trade receivables | 40 | €2,969 | €3,493 | +€524 | +17.6% |
| Other amounts receivable | 41 | €2,856 | €595 | -€2,261 | -79.2% |
| Cash at bank and in hand | 54/58 | €87,067 | €78,875 | -€8,192 | -9.4% |
| Total equity and liabilities | 10/49 | €94,793 | €84,192 | -€10,601 | -11.2% |
| Equity | 10/15 | €91,755 | €83,729 | -€8,026 | -8.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €80,509 | €80,509 | = | 0.0% |
| Distributable reserves | 133 | €80,509 | €80,509 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,154 | -€9,180 | -€8,026 | -695.6% |
| Amounts payable | 17/49 | €3,038 | €463 | -€2,575 | -84.7% |
| Amounts payable within one year | 42/48 | €3,038 | €463 | -€2,575 | -84.7% |
| Trade debts | 44 | €374 | - | -€374 | |
| Suppliers | 440/4 | €374 | - | -€374 | |
| Taxes, remuneration and social security | 45 | €2,664 | €463 | -€2,201 | -82.6% |
| Taxes | 450/3 | €2,664 | €463 | -€2,201 | -82.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €443 | €672 | +€229 | +51.7% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €6,033 | -€7,153 | -€13,186 | |
| Operating profit (loss) | 9901 | €5,472 | -€7,945 | -€13,417 | |
| Financial charges | 65/66B | €44 | €78 | +€35 | +79.9% |
| Recurring financial charges | 65 | €44 | €78 | +€35 | +79.9% |
| Profit (loss) for the period before taxes | 9903 | €5,429 | -€8,023 | -€13,452 | |
| Income taxes | 67/77 | €1,560 | €3 | -€1,557 | -99.8% |
| Profit (loss) for the period | 9904 | €3,869 | -€8,026 | -€11,895 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,869 | -€8,026 | -€11,895 |
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 9 October 2026 via checked.be.