X - L - ENT: 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 - L - ENT
Largest movements
- Receivables within one year +€38,255
up €38,255 (+179%), from €21,419 to €59,675
of which Trade receivables: +€22,500
- Stocks and contracts -€18,223
down €18,223 (-57.4%), from €31,723 to €13,500
- Cash -€12,349
down €12,349 (-6.4%), from €193,625 to €181,276
mainly Receivables within one year (-€38,255) and Tax, wage and social debts (-€249)
- Tangible fixed assets -€3,378
down €3,378 (-15.0%), from €22,545 to €19,166
of which Land and buildings: -€3,009
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€23,375
up €23,375, from -€332 to €23,043
- Write-downs +€18,223
new in 2025: €18,223
- Depreciation -€1,905
down €1,905 (-53.9%), from €3,532 to €1,627
- Financial income +€850
up €850 (+112%), from €756 to €1,606
- Other operating charges +€340
up €340 (+18.4%), from €1,845 to €2,185
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 | €270,866 | €274,450 | +€3,583 | +1.3% |
| Fixed assets | 21/28 | €22,545 | €19,166 | -€3,378 | -15.0% |
| Tangible fixed assets | 22/27 | €22,545 | €19,166 | -€3,378 | -15.0% |
| Land and buildings | 22 | €18,766 | €15,757 | -€3,009 | -16.0% |
| Plant, machinery and equipment | 23 | €117 | - | -€117 | |
| Furniture and vehicles | 24 | €3,662 | €3,410 | -€252 | -6.9% |
| Current assets | 29/58 | €248,322 | €255,283 | +€6,962 | +2.8% |
| Stocks and contracts in progress | 3 | €31,723 | €13,500 | -€18,223 | -57.4% |
| Stocks | 30/36 | €31,723 | €13,500 | -€18,223 | -57.4% |
| Amounts receivable within one year | 40/41 | €21,419 | €59,675 | +€38,255 | +179% |
| Trade receivables | 40 | - | €22,500 | +€22,500 | |
| Other amounts receivable | 41 | €21,419 | €37,175 | +€15,755 | +73.6% |
| Cash at bank and in hand | 54/58 | €193,625 | €181,276 | -€12,349 | -6.4% |
| Deferred charges and accrued income | 490/1 | €1,555 | €833 | -€722 | -46.4% |
| Total equity and liabilities | 10/49 | €270,866 | €274,450 | +€3,583 | +1.3% |
| Equity | 10/15 | €268,702 | €270,497 | +€1,796 | +0.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €193,702 | €195,497 | +€1,796 | +0.9% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €186,202 | €187,997 | +€1,796 | +1.0% |
| Amounts payable | 17/49 | €2,165 | €3,953 | +€1,788 | +82.6% |
| Amounts payable within one year | 42/48 | €1,793 | €3,558 | +€1,765 | +98.4% |
| Trade debts | 44 | €626 | €2,639 | +€2,013 | +322% |
| Suppliers | 440/4 | €626 | €2,639 | +€2,013 | +322% |
| Taxes, remuneration and social security | 45 | €1,167 | €919 | -€249 | -21.3% |
| Taxes | 450/3 | €1,167 | €919 | -€249 | -21.3% |
| Accrued charges and deferred income | 492/3 | €371 | €395 | +€23 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,532 | €1,627 | -€1,905 | -53.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €18,223 | +€18,223 | |
| Other operating charges | 640/8 | €1,845 | €2,185 | +€340 | +18.4% |
| Gross operating margin | 9900 | -€332 | €23,043 | +€23,375 | |
| Operating profit (loss) | 9901 | -€5,709 | €1,008 | +€6,717 | |
| Financial income | 75/76B | €756 | €1,606 | +€850 | +112% |
| Recurring financial income | 75 | €756 | €1,606 | +€850 | +112% |
| Financial charges | 65/66B | €104 | €221 | +€117 | +112% |
| Recurring financial charges | 65 | €104 | €221 | +€117 | +112% |
| Profit (loss) for the period before taxes | 9903 | -€5,057 | €2,393 | +€7,450 | |
| Income taxes | 67/77 | €511 | €597 | +€85 | +16.7% |
| Profit (loss) for the period | 9904 | -€5,569 | €1,796 | +€7,364 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,569 | €1,796 | +€7,364 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.