X-ECO plus: 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-ECO plus
Largest movements
- Cash +€36,540
up €36,540 (+34.7%), from €105,278 to €141,818
mainly Other debts (+€180,945) and Net result for the year (+€53,899)
- Tangible fixed assets -€20,830
down €20,830 (-9.2%), from €227,502 to €206,673
of which Furniture and vehicles: -€12,530
- Receivables within one year +€9,057
up €9,057 (+114%), from €7,928 to €16,985
of which Trade receivables: +€7,144
- Other debts +€180,945
up €180,945 (+806%), from €22,442 to €203,387
- Reserves -€175,134
down €175,134 (-100%), from €175,134 to €0
- Tax, wage and social debts +€33,526
up €33,526 (+194%), from €17,321 to €50,848
of which Taxes: +€33,526
- Debts after one year -€15,344
down €15,344 (-14.0%), from €109,632 to €94,288
- Gross operating margin +€18,663
up €18,663 (+23.9%), from €78,227 to €96,890
- Taxes +€3,569
up €3,569 (+30.5%), from €11,683 to €15,252
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 | €342,210 | €366,599 | +€24,389 | +7.1% |
| Fixed assets | 21/28 | €227,502 | €206,673 | -€20,830 | -9.2% |
| Tangible fixed assets | 22/27 | €227,502 | €206,673 | -€20,830 | -9.2% |
| Land and buildings | 22 | €118,750 | €118,750 | = | 0.0% |
| Plant, machinery and equipment | 23 | €981 | €415 | -€566 | -57.7% |
| Furniture and vehicles | 24 | €38,870 | €26,340 | -€12,530 | -32.2% |
| Other tangible fixed assets | 26 | €68,901 | €61,167 | -€7,734 | -11.2% |
| Current assets | 29/58 | €114,708 | €159,926 | +€45,218 | +39.4% |
| Amounts receivable within one year | 40/41 | €7,928 | €16,985 | +€9,057 | +114% |
| Trade receivables | 40 | €4,043 | €11,187 | +€7,144 | +177% |
| Other amounts receivable | 41 | €3,886 | €5,798 | +€1,912 | +49.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €105,278 | €141,818 | +€36,540 | +34.7% |
| Deferred charges and accrued income | 490/1 | €1,501 | €1,122 | -€379 | -25.2% |
| Total equity and liabilities | 10/49 | €342,210 | €366,599 | +€24,389 | +7.1% |
| Equity | 10/15 | €177,134 | €2,000 | -€175,134 | -98.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €175,134 | €0 | -€175,134 | -100% |
| Distributable reserves | 133 | €175,134 | €0 | -€175,134 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €165,076 | €364,599 | +€199,523 | +121% |
| Amounts payable after more than one year | 17 | €109,632 | €94,288 | -€15,344 | -14.0% |
| Financial debts | 170/4 | €109,632 | €94,288 | -€15,344 | -14.0% |
| Amounts payable within one year | 42/48 | €55,444 | €270,311 | +€214,866 | +388% |
| Current portion of amounts payable after more than one year | 42 | €14,997 | €15,344 | +€347 | +2.3% |
| Trade debts | 44 | €684 | €733 | +€48 | +7.1% |
| Suppliers | 440/4 | €684 | €733 | +€48 | +7.1% |
| Taxes, remuneration and social security | 45 | €17,321 | €50,848 | +€33,526 | +194% |
| Taxes | 450/3 | €15,321 | €48,848 | +€33,526 | +219% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €22,442 | €203,387 | +€180,945 | +806% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,968 | €23,883 | +€916 | +4.0% |
| Other operating charges | 640/8 | €1,059 | €990 | -€69 | -6.5% |
| Gross operating margin | 9900 | €78,227 | €96,890 | +€18,663 | +23.9% |
| Operating profit (loss) | 9901 | €54,200 | €72,016 | +€17,816 | +32.9% |
| Financial income | 75/76B | €1,124 | €878 | -€245 | -21.8% |
| Recurring financial income | 75 | €1,124 | €878 | -€245 | -21.8% |
| Financial charges | 65/66B | €4,253 | €3,744 | -€509 | -12.0% |
| Recurring financial charges | 65 | €4,253 | €3,744 | -€509 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €51,071 | €69,150 | +€18,079 | +35.4% |
| Income taxes | 67/77 | €11,683 | €15,252 | +€3,569 | +30.5% |
| Profit (loss) for the period | 9904 | €39,388 | €53,899 | +€14,511 | +36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,388 | €53,899 | +€14,511 | +36.8% |
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 20 October 2026 via checked.be.