X-PRESSE: 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-PRESSE
Largest movements
- Tangible fixed assets -€279,684
down €279,684 (-43.9%), from €637,738 to €358,054
of which Land and buildings: -€272,476
- Stocks and contracts +€36,704
up €36,704 (+16.9%), from €217,742 to €254,446
- Receivables within one year -€25,710
down €25,710 (-40.6%), from €63,339 to €37,629
of which Trade receivables: -€28,097
- Debts after one year -€277,862
down €277,862 (-50.1%), from €554,587 to €276,726
- Reserves +€31,994
up €31,994 (+12.2%), from €263,154 to €295,149
- Current portion of long-term debt -€25,126
down €25,126 (-41.8%), from €60,122 to €34,997
- Gross operating margin +€54,111
up €54,111 (+64.0%), from €84,595 to €138,706
- Depreciation +€21,810
up €21,810 (+52.5%), from €41,519 to €63,329
- Taxes +€13,313
up €13,313 (+664%), from €2,006 to €15,319
- Financial charges +€4,785
up €4,785 (+25.9%), from €18,497 to €23,281
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 | €967,372 | €695,053 | -€272,319 | -28.2% |
| Fixed assets | 21/28 | €641,568 | €361,934 | -€279,634 | -43.6% |
| Tangible fixed assets | 22/27 | €637,738 | €358,054 | -€279,684 | -43.9% |
| Land and buildings | 22 | €627,654 | €355,178 | -€272,476 | -43.4% |
| Plant, machinery and equipment | 23 | - | €709 | +€709 | |
| Furniture and vehicles | 24 | €10,084 | €2,166 | -€7,917 | -78.5% |
| Financial fixed assets | 28 | €3,830 | €3,880 | +€50 | +1.3% |
| Current assets | 29/58 | €325,804 | €333,120 | +€7,316 | +2.2% |
| Stocks and contracts in progress | 3 | €217,742 | €254,446 | +€36,704 | +16.9% |
| Stocks | 30/36 | €217,742 | €254,446 | +€36,704 | +16.9% |
| Amounts receivable within one year | 40/41 | €63,339 | €37,629 | -€25,710 | -40.6% |
| Trade receivables | 40 | €62,941 | €34,844 | -€28,097 | -44.6% |
| Other amounts receivable | 41 | €399 | €2,785 | +€2,387 | +599% |
| Cash at bank and in hand | 54/58 | €43,722 | €41,044 | -€2,678 | -6.1% |
| Deferred charges and accrued income | 490/1 | €1,000 | - | -€1,000 | |
| Total equity and liabilities | 10/49 | €967,372 | €695,053 | -€272,319 | -28.2% |
| Equity | 10/15 | €285,154 | €317,149 | +€31,994 | +11.2% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €263,154 | €295,149 | +€31,994 | +12.2% |
| Distributable reserves | 133 | €263,154 | €295,149 | +€31,994 | +12.2% |
| Amounts payable | 17/49 | €682,217 | €377,904 | -€304,313 | -44.6% |
| Amounts payable after more than one year | 17 | €554,587 | €276,726 | -€277,862 | -50.1% |
| Financial debts | 170/4 | €554,587 | €276,726 | -€277,862 | -50.1% |
| Amounts payable within one year | 42/48 | €127,630 | €101,179 | -€26,451 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €60,122 | €34,997 | -€25,126 | -41.8% |
| Trade debts | 44 | €53,027 | €48,571 | -€4,456 | -8.4% |
| Suppliers | 440/4 | €53,027 | €48,571 | -€4,456 | -8.4% |
| Taxes, remuneration and social security | 45 | €3,236 | €8,086 | +€4,850 | +150% |
| Taxes | 450/3 | €3,236 | €8,086 | +€4,850 | +150% |
| Other amounts payable | 47/48 | €11,244 | €9,525 | -€1,719 | -15.3% |
| Non-recurring operating income | 76A | - | €27,993 | +€27,993 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,519 | €63,329 | +€21,810 | +52.5% |
| Other operating charges | 640/8 | €4,451 | €4,945 | +€493 | +11.1% |
| Gross operating margin | 9900 | €84,595 | €138,706 | +€54,111 | +64.0% |
| Operating profit (loss) | 9901 | €38,625 | €70,433 | +€31,808 | +82.4% |
| Financial income | 75/76B | €185 | €162 | -€23 | -12.4% |
| Recurring financial income | 75 | €185 | €162 | -€23 | -12.4% |
| Financial charges | 65/66B | €18,497 | €23,281 | +€4,785 | +25.9% |
| Recurring financial charges | 65 | €18,497 | €23,281 | +€4,785 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | €20,313 | €47,313 | +€27,001 | +133% |
| Income taxes | 67/77 | €2,006 | €15,319 | +€13,313 | +664% |
| Profit (loss) for the period | 9904 | €18,307 | €31,994 | +€13,687 | +74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,307 | €31,994 | +€13,687 | +74.8% |
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 14 October 2026 via checked.be.