X O 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 O PLUS
Largest movements
- Receivables within one year +€41,425
up €41,425 (+63.6%), from €65,151 to €106,576
of which Trade receivables: +€51,974
- Tangible fixed assets -€9,660
down €9,660 (-4.0%), from €240,515 to €230,856
of which Land and buildings: -€7,145
- Cash -€7,299
down €7,299 (-12.1%), from €60,245 to €52,946
mainly Receivables within one year (-€41,425) and Contributions, distributions and other (-€22,500)
- Profit (loss) carried forward +€30,981
up €30,981 (+270%), from €11,487 to €42,468
- Other debts +€15,869
up €15,869 (+15.6%), from €101,675 to €117,544
- Trade debts -€14,526
down €14,526 (-100%), from €14,526 to €0
- Debts after one year -€11,141
down €11,141 (-6.2%), from €179,905 to €168,765
- Gross operating margin +€77,416
up €77,416 (+1,668%), from €4,642 to €82,058
- Taxes +€9,715
up €9,715 (+2,689%), from €361 to €10,076
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 | €367,032 | €392,087 | +€25,055 | +6.8% |
| Fixed assets | 21/28 | €240,515 | €230,856 | -€9,660 | -4.0% |
| Tangible fixed assets | 22/27 | €240,515 | €230,856 | -€9,660 | -4.0% |
| Land and buildings | 22 | €217,921 | €210,776 | -€7,145 | -3.3% |
| Plant, machinery and equipment | 23 | €5,364 | €4,718 | -€646 | -12.0% |
| Furniture and vehicles | 24 | €3,146 | €1,818 | -€1,329 | -42.2% |
| Other tangible fixed assets | 26 | €14,084 | €13,544 | -€540 | -3.8% |
| Current assets | 29/58 | €126,516 | €161,231 | +€34,715 | +27.4% |
| Amounts receivable within one year | 40/41 | €65,151 | €106,576 | +€41,425 | +63.6% |
| Trade receivables | 40 | €44,924 | €96,898 | +€51,974 | +116% |
| Other amounts receivable | 41 | €20,227 | €9,678 | -€10,548 | -52.2% |
| Cash at bank and in hand | 54/58 | €60,245 | €52,946 | -€7,299 | -12.1% |
| Deferred charges and accrued income | 490/1 | €1,121 | €1,710 | +€589 | +52.6% |
| Total equity and liabilities | 10/49 | €367,032 | €392,087 | +€25,055 | +6.8% |
| Equity | 10/15 | €48,787 | €79,768 | +€30,981 | +63.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €18,750 | €18,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,487 | €42,468 | +€30,981 | +270% |
| Amounts payable | 17/49 | €318,245 | €312,320 | -€5,925 | -1.9% |
| Amounts payable after more than one year | 17 | €179,905 | €168,765 | -€11,141 | -6.2% |
| Financial debts | 170/4 | €179,905 | €168,765 | -€11,141 | -6.2% |
| Amounts payable within one year | 42/48 | €138,340 | €141,038 | +€2,698 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €10,934 | €11,141 | +€206 | +1.9% |
| Trade debts | 44 | €14,526 | €0 | -€14,526 | -100% |
| Suppliers | 440/4 | €14,526 | €0 | -€14,526 | -100% |
| Taxes, remuneration and social security | 45 | €11,204 | €12,353 | +€1,149 | +10.3% |
| Taxes | 450/3 | €11,204 | €12,353 | +€1,149 | +10.3% |
| Other amounts payable | 47/48 | €101,675 | €117,544 | +€15,869 | +15.6% |
| Accrued charges and deferred income | 492/3 | - | €2,517 | +€2,517 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,734 | €9,660 | -€74 | -0.8% |
| Other operating charges | 640/8 | €1,523 | €2,297 | +€774 | +50.8% |
| Gross operating margin | 9900 | €4,642 | €82,058 | +€77,416 | +1,668% |
| Operating profit (loss) | 9901 | -€6,614 | €70,101 | +€76,715 | |
| Financial income | 75/76B | €0 | €55 | +€55 | +27,500% |
| Recurring financial income | 75 | €0 | €55 | +€55 | +27,500% |
| Financial charges | 65/66B | €6,715 | €6,600 | -€115 | -1.7% |
| Recurring financial charges | 65 | €6,715 | €6,600 | -€115 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,329 | €63,557 | +€76,886 | |
| Income taxes | 67/77 | €361 | €10,076 | +€9,715 | +2,689% |
| Profit (loss) for the period | 9904 | -€13,690 | €53,481 | +€67,171 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,690 | €53,481 | +€67,171 |
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 18 October 2026 via checked.be.