X-FACTOR CONSULTING: 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-FACTOR CONSULTING
Largest movements
- Cash +€76,433
up €76,433 (+208.7%), from €36,628 to €113,061
mainly Net result for the year (+€98,487) and Tax, wage and social debts (+€9,640)
- Receivables within one year +€28,480
up €28,480 (+156.9%), from €18,153 to €46,633
of which Trade receivables: +€28,010
- Tangible fixed assets +€3,294
new in 2025: €3,294
- Profit (loss) carried forward +€98,487
up €98,487 (+308.3%), from €31,941 to €130,428
- Tax, wage and social debts +€9,640
up €9,640 (+51.3%), from €18,789 to €28,429
- Gross operating margin +€85,279
up €85,279 (+201.0%), from €42,431 to €127,710
- Taxes +€19,948
up €19,948 (+236.7%), from €8,426 to €28,374
- Depreciation -€1,681
down €1,681 (-82.3%), from €2,043 to €362
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 | €54,781 | €162,988 | +€108,207 | +197.5% |
| Fixed assets | 21/28 | - | €3,294 | +€3,294 | |
| Tangible fixed assets | 22/27 | - | €3,294 | +€3,294 | |
| Furniture and vehicles | 24 | - | €3,294 | +€3,294 | |
| Current assets | 29/58 | €54,781 | €159,694 | +€104,913 | +191.5% |
| Amounts receivable within one year | 40/41 | €18,153 | €46,633 | +€28,480 | +156.9% |
| Trade receivables | 40 | €17,776 | €45,785 | +€28,010 | +157.6% |
| Other amounts receivable | 41 | €378 | €848 | +€471 | +124.6% |
| Cash at bank and in hand | 54/58 | €36,628 | €113,061 | +€76,433 | +208.7% |
| Total equity and liabilities | 10/49 | €54,781 | €162,988 | +€108,207 | +197.5% |
| Equity | 10/15 | €35,941 | €134,428 | +€98,487 | +274.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,941 | €130,428 | +€98,487 | +308.3% |
| Amounts payable | 17/49 | €18,840 | €28,560 | +€9,720 | +51.6% |
| Amounts payable within one year | 42/48 | €18,840 | €28,560 | +€9,720 | +51.6% |
| Trade debts | 44 | €51 | €131 | +€80 | +156.8% |
| Suppliers | 440/4 | €51 | €131 | +€80 | +156.8% |
| Taxes, remuneration and social security | 45 | €18,789 | €28,429 | +€9,640 | +51.3% |
| Taxes | 450/3 | €18,789 | €28,429 | +€9,640 | +51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,043 | €362 | -€1,681 | -82.3% |
| Other operating charges | 640/8 | €10 | €407 | +€397 | +3974.0% |
| Gross operating margin | 9900 | €42,431 | €127,710 | +€85,279 | +201.0% |
| Operating profit (loss) | 9901 | €40,379 | €126,941 | +€86,563 | +214.4% |
| Financial charges | 65/66B | €11 | €80 | +€69 | +613.2% |
| Recurring financial charges | 65 | €11 | €80 | +€69 | +613.2% |
| Profit (loss) for the period before taxes | 9903 | €40,367 | €126,861 | +€86,494 | +214.3% |
| Income taxes | 67/77 | €8,426 | €28,374 | +€19,948 | +236.7% |
| Profit (loss) for the period | 9904 | €31,941 | €98,487 | +€66,546 | +208.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,941 | €98,487 | +€66,546 | +208.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.