X - PRESSION: 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 - PRESSION
Largest movements
- Stocks and contracts +€63,500
up €63,500 (+30.6%), from €207,500 to €271,000
- Cash +€15,545
up €15,545 (+125.2%), from €12,417 to €27,962
mainly Other debts (+€60,530) and Net result for the year (+€35,596)
- Tangible fixed assets -€7,404
down €7,404 (-11.8%), from €62,553 to €55,149
of which Land and buildings: -€10,626
- Other debts +€60,530
up €60,530 (+296.0%), from €20,451 to €80,981
- Profit (loss) carried forward +€35,596
up €35,596 (+10.8%), from -€328,174 to -€292,578
- Debts after one year -€24,625
down €24,625 (-4.4%), from €555,597 to €530,972
- Gross operating margin +€150,799
up €150,799, from -€102,705 to €48,094
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 | €290,433 | €361,323 | +€70,889 | +24.4% |
| Fixed assets | 21/28 | €63,120 | €55,572 | -€7,548 | -12.0% |
| Intangible fixed assets | 21 | €432 | €288 | -€144 | -33.3% |
| Tangible fixed assets | 22/27 | €62,553 | €55,149 | -€7,404 | -11.8% |
| Land and buildings | 22 | €62,019 | €51,394 | -€10,626 | -17.1% |
| Plant, machinery and equipment | 23 | €534 | €3,756 | +€3,222 | +603.9% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €227,313 | €305,750 | +€78,437 | +34.5% |
| Stocks and contracts in progress | 3 | €207,500 | €271,000 | +€63,500 | +30.6% |
| Stocks | 30/36 | €207,500 | €271,000 | +€63,500 | +30.6% |
| Amounts receivable within one year | 40/41 | €6,519 | €4,304 | -€2,215 | -34.0% |
| Other amounts receivable | 41 | €6,519 | €4,304 | -€2,215 | -34.0% |
| Cash at bank and in hand | 54/58 | €12,417 | €27,962 | +€15,545 | +125.2% |
| Deferred charges and accrued income | 490/1 | €877 | €2,484 | +€1,607 | +183.1% |
| Total equity and liabilities | 10/49 | €290,433 | €361,323 | +€70,889 | +24.4% |
| Equity | 10/15 | -€292,673 | -€257,077 | +€35,596 | +12.2% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €16,751 | €16,751 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €14,876 | €14,876 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€328,174 | -€292,578 | +€35,596 | +10.8% |
| Amounts payable | 17/49 | €583,107 | €618,400 | +€35,293 | +6.1% |
| Amounts payable after more than one year | 17 | €555,597 | €530,972 | -€24,625 | -4.4% |
| Other amounts payable | 178/9 | €555,597 | €530,972 | -€24,625 | -4.4% |
| Amounts payable within one year | 42/48 | €27,510 | €87,428 | +€59,918 | +217.8% |
| Trade debts | 44 | €7,059 | €6,448 | -€612 | -8.7% |
| Suppliers | 440/4 | €7,059 | €6,448 | -€612 | -8.7% |
| Other amounts payable | 47/48 | €20,451 | €80,981 | +€60,530 | +296.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,006 | €11,548 | -€458 | -3.8% |
| Other operating charges | 640/8 | €125 | €907 | +€782 | +626.0% |
| Gross operating margin | 9900 | -€102,705 | €48,094 | +€150,799 | |
| Operating profit (loss) | 9901 | -€114,836 | €35,638 | +€150,475 | |
| Financial income | 75/76B | €9 | €61 | +€52 | +572.2% |
| Recurring financial income | 75 | €9 | €61 | +€52 | +572.2% |
| Financial charges | 65/66B | €347 | €103 | -€244 | -70.4% |
| Recurring financial charges | 65 | €347 | €103 | -€244 | -70.4% |
| Profit (loss) for the period before taxes | 9903 | -€115,174 | €35,596 | +€150,770 | |
| Profit (loss) for the period | 9904 | -€115,174 | €35,596 | +€150,770 | |
| Profit (loss) for the period to be appropriated | 9905 | -€115,174 | €35,596 | +€150,770 |
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 8 October 2026 via checked.be.