X-Forwarding: 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-Forwarding
Largest movements
- Cash -€96,039
down €96,039 (-95.8%), from €100,286 to €4,247
mainly Receivables within one year (-€74,056) and Contributions, distributions and other (-€31,621)
- Receivables within one year +€74,056
up €74,056 (+433.7%), from €17,074 to €91,130
of which Other amounts receivable: +€87,328
- Tangible fixed assets -€11,968
down €11,968 (-100.0%), from €11,968 to €0
of which Plant, machinery and equipment: -€11,968
- Reserves -€35,527
down €35,527 (-28.1%), from €126,278 to €90,751
- Advances received +€4,600
new in 2024: €4,600
- Trade debts -€2,693
down €2,693 (-85.2%), from €3,161 to €468
- Gross operating margin -€28,345
down €28,345, from €24,404 to -€3,941
- Depreciation -€7,741
down €7,741 (-100.0%), from €7,741 to €0
- Financial income +€1,956
up €1,956 (+5504.9%), from €36 to €1,991
- Taxes -€1,862
down €1,862 (-100.0%), from €1,862 to €0
- Other operating charges -€375
down €375 (-76.1%), from €493 to €118
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,829 | €102,878 | -€33,951 | -24.8% |
| Fixed assets | 21/28 | €19,468 | €7,500 | -€11,968 | -61.5% |
| Tangible fixed assets | 22/27 | €11,968 | €0 | -€11,968 | -100.0% |
| Plant, machinery and equipment | 23 | €11,968 | €0 | -€11,968 | -100.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €117,361 | €95,378 | -€21,983 | -18.7% |
| Amounts receivable within one year | 40/41 | €17,074 | €91,130 | +€74,056 | +433.7% |
| Trade receivables | 40 | €17,074 | €3,802 | -€13,273 | -77.7% |
| Other amounts receivable | 41 | €0 | €87,328 | +€87,328 | |
| Cash at bank and in hand | 54/58 | €100,286 | €4,247 | -€96,039 | -95.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €136,829 | €102,878 | -€33,951 | -24.8% |
| Equity | 10/15 | €132,478 | €96,948 | -€35,529 | -26.8% |
| Contributions | 10/11 | €6,200 | €6,197 | -€3 | 0.0% |
| Reserves | 13 | €126,278 | €90,751 | -€35,527 | -28.1% |
| Distributable reserves | 133 | €126,278 | €90,751 | -€35,527 | -28.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €4,351 | €5,929 | +€1,578 | +36.3% |
| Amounts payable within one year | 42/48 | €4,351 | €5,929 | +€1,578 | +36.3% |
| Trade debts | 44 | €3,161 | €468 | -€2,693 | -85.2% |
| Suppliers | 440/4 | €3,161 | €468 | -€2,693 | -85.2% |
| Advances received on contracts in progress | 46 | - | €4,600 | +€4,600 | |
| Taxes, remuneration and social security | 45 | €1,190 | €862 | -€329 | -27.6% |
| Taxes | 450/3 | €1,190 | €862 | -€329 | -27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,741 | €0 | -€7,741 | -100.0% |
| Other operating charges | 640/8 | €493 | €118 | -€375 | -76.1% |
| Gross operating margin | 9900 | €24,404 | -€3,941 | -€28,345 | |
| Operating profit (loss) | 9901 | €16,170 | -€4,059 | -€20,229 | |
| Financial income | 75/76B | €36 | €1,991 | +€1,956 | +5504.9% |
| Recurring financial income | 75 | €36 | €1,991 | +€1,956 | +5504.9% |
| Financial charges | 65/66B | €1,898 | €1,841 | -€56 | -3.0% |
| Recurring financial charges | 65 | €1,898 | €1,841 | -€56 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €14,308 | -€3,909 | -€18,216 | |
| Income taxes | 67/77 | €1,862 | €0 | -€1,862 | -100.0% |
| Profit (loss) for the period | 9904 | €12,446 | -€3,909 | -€16,355 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,446 | -€3,909 | -€16,355 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.