X-oc: 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-oc
Largest movements
- Tangible fixed assets +€37,386
up €37,386 (+70.4%), from €53,108 to €90,494
of which Plant, machinery and equipment: +€51,672
- Cash -€21,063
down €21,063 (-34.8%), from €60,589 to €39,526
mainly Investment in fixed assets (net) (-€53,686) and Net result for the year (-€5,812)
- Deferred charges and accrued income -€1,821
down €1,821 (-41.1%), from €4,433 to €2,611
- Debts after one year +€22,778
up €22,778 (+113.3%), from €20,110 to €42,888
of which Financial debts: +€26,778
- Profit (loss) carried forward -€5,812
down €5,812 (-9.8%), from €59,375 to €53,563
- Other debts -€5,041
no longer reported in 2025 (was €5,041)
- Tax, wage and social debts +€4,229
up €4,229 (+80.2%), from €5,273 to €9,502
of which Taxes: +€4,596
- Trade debts -€1,769
down €1,769 (-19.2%), from €9,220 to €7,452
- Gross operating margin -€56,329
down €56,329 (-59.0%), from €95,407 to €39,078
- Taxes -€11,982
down €11,982 (-100.0%), from €11,984 to €2
- Write-downs -€2,321
down €2,321 (-95.5%), from €2,431 to €110
- Depreciation -€1,044
down €1,044 (-6.0%), from €17,344 to €16,300
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 | €160,520 | €175,841 | +€15,321 | +9.5% |
| Fixed assets | 21/28 | €55,848 | €93,234 | +€37,386 | +66.9% |
| Tangible fixed assets | 22/27 | €53,108 | €90,494 | +€37,386 | +70.4% |
| Plant, machinery and equipment | 23 | €13,543 | €65,215 | +€51,672 | +381.5% |
| Furniture and vehicles | 24 | €25,231 | €19,795 | -€5,436 | -21.5% |
| Other tangible fixed assets | 26 | €6,884 | €5,485 | -€1,399 | -20.3% |
| Assets under construction and advance payments | 27 | €7,451 | - | -€7,451 | |
| Financial fixed assets | 28 | €2,740 | €2,740 | = | 0.0% |
| Current assets | 29/58 | €104,672 | €82,607 | -€22,065 | -21.1% |
| Stocks and contracts in progress | 3 | €6,066 | €5,560 | -€505 | -8.3% |
| Stocks | 30/36 | €6,066 | €5,560 | -€505 | -8.3% |
| Amounts receivable within one year | 40/41 | €33,584 | €34,909 | +€1,324 | +3.9% |
| Trade receivables | 40 | €33,510 | €28,812 | -€4,699 | -14.0% |
| Other amounts receivable | 41 | €74 | €6,097 | +€6,023 | +8138.1% |
| Cash at bank and in hand | 54/58 | €60,589 | €39,526 | -€21,063 | -34.8% |
| Deferred charges and accrued income | 490/1 | €4,433 | €2,611 | -€1,821 | -41.1% |
| Total equity and liabilities | 10/49 | €160,520 | €175,841 | +€15,321 | +9.5% |
| Equity | 10/15 | €109,024 | €103,212 | -€5,812 | -5.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €37,249 | €37,249 | = | 0.0% |
| Tax-exempt reserves | 132 | €766 | €766 | = | 0.0% |
| Distributable reserves | 133 | €36,483 | €36,483 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,375 | €53,563 | -€5,812 | -9.8% |
| Amounts payable | 17/49 | €51,496 | €72,629 | +€21,133 | +41.0% |
| Amounts payable after more than one year | 17 | €20,110 | €42,888 | +€22,778 | +113.3% |
| Financial debts | 170/4 | €16,110 | €42,888 | +€26,778 | +166.2% |
| Other amounts payable | 178/9 | €4,000 | - | -€4,000 | |
| Amounts payable within one year | 42/48 | €31,340 | €29,241 | -€2,099 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €11,805 | €12,287 | +€482 | +4.1% |
| Trade debts | 44 | €9,220 | €7,452 | -€1,769 | -19.2% |
| Suppliers | 440/4 | €9,220 | €7,452 | -€1,769 | -19.2% |
| Taxes, remuneration and social security | 45 | €5,273 | €9,502 | +€4,229 | +80.2% |
| Taxes | 450/3 | €1,769 | €6,365 | +€4,596 | +259.8% |
| Remuneration and social security | 454/9 | €3,504 | €3,137 | -€367 | -10.5% |
| Other amounts payable | 47/48 | €5,041 | - | -€5,041 | |
| Accrued charges and deferred income | 492/3 | €46 | €500 | +€454 | +987.9% |
| Remuneration, social security and pensions | 62 | €22,489 | €22,951 | +€462 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,344 | €16,300 | -€1,044 | -6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,431 | €110 | -€2,321 | -95.5% |
| Other operating charges | 640/8 | €2,875 | €3,446 | +€571 | +19.9% |
| Gross operating margin | 9900 | €95,407 | €39,078 | -€56,329 | -59.0% |
| Operating profit (loss) | 9901 | €50,268 | -€3,729 | -€53,997 | |
| Financial income | 75/76B | €195 | €159 | -€36 | -18.3% |
| Recurring financial income | 75 | €195 | €159 | -€36 | -18.3% |
| Financial charges | 65/66B | €1,355 | €2,240 | +€884 | +65.2% |
| Recurring financial charges | 65 | €1,355 | €2,240 | +€884 | +65.2% |
| Profit (loss) for the period before taxes | 9903 | €49,107 | -€5,810 | -€54,917 | |
| Income taxes | 67/77 | €11,984 | €2 | -€11,982 | -100.0% |
| Profit (loss) for the period | 9904 | €37,123 | -€5,812 | -€42,935 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,123 | -€5,812 | -€42,935 |
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 9 October 2026 via checked.be.