X-pert Vision: 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-pert Vision
Largest movements
- Tangible fixed assets +€70,146
up €70,146 (+25.7%), from €272,984 to €343,130
of which Land and buildings: +€94,134
- Cash -€18,790
down €18,790 (-87.5%), from €21,465 to €2,675
mainly Investment in fixed assets (net) (-€104,013) and Contributions, distributions and other (-€15,901)
- Other debts +€32,942
up €32,942 (+493%), from €6,678 to €39,620
- Debts after one year +€27,471
up €27,471 (+25.4%), from €108,121 to €135,592
- Reserves -€6,984
down €6,984 (-4.5%), from €154,955 to €147,971
of which Distributable reserves: -€5,627
- Current portion of long-term debt +€5,012
up €5,012 (+32.7%), from €15,344 to €20,356
- Tax, wage and social debts -€4,563
down €4,563 (-97.7%), from €4,672 to €109
- Depreciation +€13,867
up €13,867 (+69.3%), from €20,000 to €33,867
- Taxes -€3,863
down €3,863 (-47.0%), from €8,226 to €4,363
- Financial charges +€1,789
up €1,789 (+27.5%), from €6,510 to €8,299
of which Financial charges: +€2,657
- Gross operating margin -€1,110
down €1,110 (-1.9%), from €59,091 to €57,981
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 | €311,808 | €363,078 | +€51,271 | +16.4% |
| Fixed assets | 21/28 | €272,984 | €343,130 | +€70,146 | +25.7% |
| Tangible fixed assets | 22/27 | €272,984 | €343,130 | +€70,146 | +25.7% |
| Land and buildings | 22 | €234,798 | €328,932 | +€94,134 | +40.1% |
| Plant, machinery and equipment | 23 | €9,186 | €7,603 | -€1,584 | -17.2% |
| Furniture and vehicles | 24 | €21,549 | €1,693 | -€19,856 | -92.1% |
| Other tangible fixed assets | 26 | €7,451 | €4,902 | -€2,549 | -34.2% |
| Current assets | 29/58 | €38,824 | €19,948 | -€18,875 | -48.6% |
| Stocks and contracts in progress | 3 | €150 | €150 | = | 0.0% |
| Stocks | 30/36 | €150 | €150 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,176 | €12,620 | -€556 | -4.2% |
| Trade receivables | 40 | €12,838 | €11,132 | -€1,707 | -13.3% |
| Other amounts receivable | 41 | €337 | €1,488 | +€1,151 | +341% |
| Cash at bank and in hand | 54/58 | €21,465 | €2,675 | -€18,790 | -87.5% |
| Deferred charges and accrued income | 490/1 | €4,033 | €4,504 | +€471 | +11.7% |
| Total equity and liabilities | 10/49 | €311,808 | €363,078 | +€51,271 | +16.4% |
| Equity | 10/15 | €155,955 | €148,971 | -€6,984 | -4.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €154,955 | €147,971 | -€6,984 | -4.5% |
| Tax-exempt reserves | 132 | €35,272 | €33,915 | -€1,357 | -3.8% |
| Distributable reserves | 133 | €119,683 | €114,056 | -€5,627 | -4.7% |
| Provisions and deferred taxes | 16 | €9,040 | €8,692 | -€348 | -3.8% |
| Deferred taxes | 168 | €9,040 | €8,692 | -€348 | -3.8% |
| Amounts payable | 17/49 | €146,814 | €205,415 | +€58,602 | +39.9% |
| Amounts payable after more than one year | 17 | €108,121 | €135,592 | +€27,471 | +25.4% |
| Financial debts | 170/4 | €108,121 | €135,592 | +€27,471 | +25.4% |
| Amounts payable within one year | 42/48 | €36,167 | €65,498 | +€29,331 | +81.1% |
| Current portion of amounts payable after more than one year | 42 | €15,344 | €20,356 | +€5,012 | +32.7% |
| Trade debts | 44 | €9,398 | €5,339 | -€4,060 | -43.2% |
| Suppliers | 440/4 | €9,398 | €5,339 | -€4,060 | -43.2% |
| Advances received on contracts in progress | 46 | €75 | €75 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,672 | €109 | -€4,563 | -97.7% |
| Taxes | 450/3 | €4,672 | €109 | -€4,563 | -97.7% |
| Other amounts payable | 47/48 | €6,678 | €39,620 | +€32,942 | +493% |
| Accrued charges and deferred income | 492/3 | €2,525 | €4,326 | +€1,801 | +71.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,000 | €33,867 | +€13,867 | +69.3% |
| Other operating charges | 640/8 | €2,400 | €2,556 | +€156 | +6.5% |
| Non-recurring operating charges | 66A | - | €331 | +€331 | |
| Gross operating margin | 9900 | €59,091 | €57,981 | -€1,110 | -1.9% |
| Operating profit (loss) | 9901 | €36,691 | €21,227 | -€15,464 | -42.1% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €6,510 | €8,299 | +€1,789 | +27.5% |
| Recurring financial charges | 65 | €5,643 | €8,299 | +€2,657 | +47.1% |
| Non-recurring financial charges | 66B | €868 | - | -€868 | |
| Profit (loss) for the period before taxes | 9903 | €30,181 | €12,932 | -€17,249 | -57.2% |
| Transfer from deferred taxes | 780 | €348 | €348 | = | 0.0% |
| Income taxes | 67/77 | €8,226 | €4,363 | -€3,863 | -47.0% |
| Profit (loss) for the period | 9904 | €22,303 | €8,917 | -€13,386 | -60.0% |
| Transfer from tax-exempt reserves | 789 | €1,357 | €1,357 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,659 | €10,274 | -€13,386 | -56.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.