X-plose: what changed
Two fiscal 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-plose
Largest movements
- Cash -€55,797
down €55,797 (-88.1%), from €63,312 to €7,516
mainly Net result for the year (-€52,129) and Trade debts (-€26,386)
- Receivables within one year -€30,732
down €30,732 (-46.1%), from €66,680 to €35,948
of which Trade receivables: -€31,782
- Deferred charges and accrued income +€5,729
up €5,729 (+2451.4%), from €234 to €5,962
- Tangible fixed assets -€3,003
down €3,003 (-71.2%), from €4,216 to €1,213
of which Plant, machinery and equipment: -€1,868
- Intangible fixed assets -€2,331
down €2,331 (-45.1%), from €5,165 to €2,833
- Profit (loss) carried forward -€52,129
down €52,129 (-524.7%), from -€9,935 to -€62,064
- Trade debts -€26,386
down €26,386 (-51.5%), from €51,218 to €24,832
- Debts after one year -€16,036
down €16,036 (-100.0%), from €16,036 to €0
- Accrued charges and deferred income +€13,665
up €13,665 (+358.0%), from €3,817 to €17,482
- Current portion of long-term debt -€5,192
down €5,192 (-100.0%), from €5,192 to €0
- Gross operating margin -€38,797
down €38,797 (-2040.0%), from -€1,902 to -€40,698
- Depreciation -€4,334
down €4,334 (-44.8%), from €9,668 to €5,334
- Financial income -€1,464
down €1,464 (-95.5%), from €1,533 to €69
- Financial charges -€686
down €686 (-23.4%), from €2,930 to €2,244
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 | €139,607 | €53,472 | -€86,135 | -61.7% |
| Fixed assets | 21/28 | €9,381 | €4,046 | -€5,334 | -56.9% |
| Intangible fixed assets | 21 | €5,165 | €2,833 | -€2,331 | -45.1% |
| Tangible fixed assets | 22/27 | €4,216 | €1,213 | -€3,003 | -71.2% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €3,081 | €1,213 | -€1,868 | -60.6% |
| Furniture and vehicles | 24 | €1,135 | €0 | -€1,135 | -100.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €130,226 | €49,426 | -€80,800 | -62.0% |
| Amounts receivable within one year | 40/41 | €66,680 | €35,948 | -€30,732 | -46.1% |
| Trade receivables | 40 | €62,673 | €30,891 | -€31,782 | -50.7% |
| Other amounts receivable | 41 | €4,006 | €5,057 | +€1,050 | +26.2% |
| Cash at bank and in hand | 54/58 | €63,312 | €7,516 | -€55,797 | -88.1% |
| Deferred charges and accrued income | 490/1 | €234 | €5,962 | +€5,729 | +2451.4% |
| Total equity and liabilities | 10/49 | €139,607 | €53,472 | -€86,135 | -61.7% |
| Equity | 10/15 | €55,125 | €2,995 | -€52,129 | -94.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,459 | €46,459 | = | 0.0% |
| Distributable reserves | 133 | €46,459 | €46,459 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,935 | -€62,064 | -€52,129 | -524.7% |
| Amounts payable | 17/49 | €84,482 | €50,477 | -€34,005 | -40.3% |
| Amounts payable after more than one year | 17 | €16,036 | €0 | -€16,036 | -100.0% |
| Financial debts | 170/4 | €16,036 | €0 | -€16,036 | -100.0% |
| Amounts payable within one year | 42/48 | €64,629 | €32,995 | -€31,634 | -48.9% |
| Current portion of amounts payable after more than one year | 42 | €5,192 | €0 | -€5,192 | -100.0% |
| Trade debts | 44 | €51,218 | €24,832 | -€26,386 | -51.5% |
| Suppliers | 440/4 | €51,218 | €24,832 | -€26,386 | -51.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €596 | €0 | -€596 | -100.0% |
| Taxes | 450/3 | €596 | €0 | -€596 | -100.0% |
| Other amounts payable | 47/48 | €7,623 | €8,163 | +€540 | +7.1% |
| Accrued charges and deferred income | 492/3 | €3,817 | €17,482 | +€13,665 | +358.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,668 | €5,334 | -€4,334 | -44.8% |
| Other operating charges | 640/8 | €1,160 | €816 | -€344 | -29.6% |
| Non-recurring operating charges | 66A | €1 | €3,105 | +€3,105 | +443502.9% |
| Gross operating margin | 9900 | -€1,902 | -€40,698 | -€38,797 | -2040.0% |
| Operating profit (loss) | 9901 | -€12,731 | -€49,954 | -€37,224 | -292.4% |
| Financial income | 75/76B | €1,533 | €69 | -€1,464 | -95.5% |
| Recurring financial income | 75 | €1,533 | €69 | -€1,464 | -95.5% |
| Financial charges | 65/66B | €2,930 | €2,244 | -€686 | -23.4% |
| Recurring financial charges | 65 | €2,930 | €2,244 | -€686 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,127 | -€52,129 | -€38,002 | -269.0% |
| Income taxes | 67/77 | €194 | €0 | -€194 | -100.0% |
| Profit (loss) for the period | 9904 | -€14,321 | -€52,129 | -€37,808 | -264.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,321 | -€52,129 | -€37,808 | -264.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.