X-RIS: 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.
What changed
X-RIS
NACE 26.510, Manufacture of computer, electronic and optical products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €2.4m-€666,950
Equity
€4.2m
2024 · €3.6m+€672,466
Cash
€1.3m
2024 · €2.1m-€741,539
Balance sheet total
€10.8m
2024 · €10.2m+€648,578
Largest movements
Assets
- Receivables within one year +€1.4m
up €1.4m (+31.9%), from €4.3m to €5.7m
of which Trade receivables: +€1.3m
- Tangible fixed assets +€1.0m
up €1.0m (+96.5%), from €1.0m to €2.1m
of which Assets under construction and advance payments: +€1.0m
- Receivables after one year -€828,249
down €828,249 (-86.9%), from €953,023 to €124,774
- Cash -€741,539
down €741,539 (-35.9%), from €2.1m to €1.3m
mainly Receivables within one year (-€1.4m) and Investment in fixed assets (net) (-€1.2m)
- Current investments -€289,171
down €289,171 (-99.3%), from €291,143 to €1,972
Equity and liabilities
- Other debts -€985,989
down €985,989 (-48.1%), from €2.1m to €1.1m
- Accrued charges and deferred income +€822,234
up €822,234 (+66.7%), from €1.2m to €2.1m
- Debts after one year +€602,367
up €602,367 (+182.4%), from €330,266 to €932,633
- Advances received -€561,375
down €561,375 (-63.9%), from €878,763 to €317,389
- Reserves +€500,000
up €500,000 (+14.9%), from €3.4m to €3.9m
of which Distributable reserves: +€500,000
Income statement
- Staff costs +€544,668
up €544,668 (+29.0%), from €1.9m to €2.4m
- Gross operating margin -€178,213
down €178,213 (-3.8%), from €4.7m to €4.5m
- Financial income +€90,502
up €90,502 (+238.1%), from €38,004 to €128,506
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.
Result 2024
€2.4m
Gross operating margin
-€178,213
Staff costs
-€544,668
Depreciation
-€1,155
Provisions
+€13,797
Other operating charges
+€13,286
Other operating items
-€12,766
Financial income
+€90,502
Financial charges
-€24,072
Taxes
-€23,659
Result 2025
€1.8m
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.
From operations
+€519,038
Investment
-€865,493
Financing
-€395,084
Cash 2024
€2.1m
From operations (derived)
+€519,038
Net result for the year
+€1.8m
Depreciation
+€150,050
Receivables after one year
+€828,249
Stocks and contracts
-€76,312
Receivables within one year
-€1.4m
Deferred charges and accrued income
-€40,186
Provisions
+€5,129
Trade debts
-€133,509
Tax, wage and social debts
+€141,837
Advances received
-€561,375
Other debts
-€985,989
Accrued charges and deferred income
+€822,234
Investment (derived)
-€865,493
Investment in fixed assets (net)
-€1.2m
Current investments
+€289,171
Financing
-€395,084
Debts after one year
+€602,367
Current portion of long-term debt
+€85,419
Contributions, distributions and other
-€1.1m
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,154,691 | €10,803,269 | +€648,578 | +6.4% |
| Fixed assets | 21/28 | €1,200,060 | €2,204,674 | +€1.0m | +83.7% |
| Intangible fixed assets | 21 | €120,563 | €125,796 | +€5,232 | +4.3% |
| Tangible fixed assets | 22/27 | €1,044,925 | €2,053,521 | +€1.0m | +96.5% |
| Land and buildings | 22 | €292,250 | €273,050 | -€19,200 | -6.6% |
| Plant, machinery and equipment | 23 | €29,579 | €56,741 | +€27,162 | +91.8% |
| Furniture and vehicles | 24 | €49,354 | €45,021 | -€4,332 | -8.8% |
| Other tangible fixed assets | 26 | €22,757 | €16,822 | -€5,936 | -26.1% |
| Assets under construction and advance payments | 27 | €650,984 | €1,661,886 | +€1.0m | +155.3% |
| Financial fixed assets | 28 | €34,571 | €25,358 | -€9,214 | -26.7% |
| Current assets | 29/58 | €8,954,631 | €8,598,595 | -€356,036 | -4.0% |
| Amounts receivable after more than one year | 29 | €953,023 | €124,774 | -€828,249 | -86.9% |
| Other amounts receivable | 291 | €953,023 | €124,774 | -€828,249 | -86.9% |
| Stocks and contracts in progress | 3 | €1,260,782 | €1,337,094 | +€76,312 | +6.1% |
| Stocks | 30/36 | €1,260,782 | €1,337,094 | +€76,312 | +6.1% |
| Amounts receivable within one year | 40/41 | €4,346,263 | €5,732,688 | +€1.4m | +31.9% |
| Trade receivables | 40 | €2,819,008 | €4,074,155 | +€1.3m | +44.5% |
| Other amounts receivable | 41 | €1,527,256 | €1,658,533 | +€131,277 | +8.6% |
| Current investments | 50/53 | €291,143 | €1,972 | -€289,171 | -99.3% |
| Cash at bank and in hand | 54/58 | €2,065,151 | €1,323,612 | -€741,539 | -35.9% |
| Deferred charges and accrued income | 490/1 | €38,269 | €78,456 | +€40,186 | +105.0% |
| Total equity and liabilities | 10/49 | €10,154,691 | €10,803,269 | +€648,578 | +6.4% |
| Equity | 10/15 | €3,553,818 | €4,226,284 | +€672,466 | +18.9% |
| Contributions | 10/11 | €34,000 | €34,000 | = | 0.0% |
| Reserves | 13 | €3,353,400 | €3,853,400 | +€500,000 | +14.9% |
| Non-distributable reserves | 130/1 | €3,400 | €3,400 | = | 0.0% |
| Other | 1319 | €3,400 | €3,400 | = | 0.0% |
| Distributable reserves | 133 | €3,350,000 | €3,850,000 | +€500,000 | +14.9% |
| Profit (loss) carried forward | 14 | €113,813 | €289,734 | +€175,922 | +154.6% |
| Investment grants | 15 | €52,605 | €49,149 | -€3,456 | -6.6% |
| Provisions and deferred taxes | 16 | €52,475 | €57,604 | +€5,129 | +9.8% |
| Provisions for liabilities and charges | 160/5 | €52,475 | €57,604 | +€5,129 | +9.8% |
| Other liabilities and charges | 164/5 | €52,475 | €57,604 | +€5,129 | +9.8% |
| Amounts payable | 17/49 | €6,548,398 | €6,519,381 | -€29,016 | -0.4% |
| Amounts payable after more than one year | 17 | €330,266 | €932,633 | +€602,367 | +182.4% |
| Financial debts | 170/4 | €330,266 | €932,633 | +€602,367 | +182.4% |
| Amounts payable within one year | 42/48 | €4,986,026 | €3,532,409 | -€1.5m | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €54,928 | €140,347 | +€85,419 | +155.5% |
| Trade debts | 44 | €1,634,003 | €1,500,493 | -€133,509 | -8.2% |
| Suppliers | 440/4 | €1,634,003 | €1,500,493 | -€133,509 | -8.2% |
| Advances received on contracts in progress | 46 | €878,763 | €317,389 | -€561,375 | -63.9% |
| Taxes, remuneration and social security | 45 | €368,139 | €509,975 | +€141,837 | +38.5% |
| Taxes | 450/3 | €2,021 | €88,504 | +€86,483 | +4279.5% |
| Remuneration and social security | 454/9 | €366,118 | €421,471 | +€55,353 | +15.1% |
| Other amounts payable | 47/48 | €2,050,193 | €1,064,204 | -€985,989 | -48.1% |
| Accrued charges and deferred income | 492/3 | €1,232,106 | €2,054,340 | +€822,234 | +66.7% |
| Remuneration, social security and pensions | 62 | €1,879,053 | €2,423,721 | +€544,668 | +29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,895 | €150,050 | +€1,155 | +0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,500 | €11,500 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €18,926 | €5,129 | -€13,797 | -72.9% |
| Other operating charges | 640/8 | €33,014 | €19,728 | -€13,286 | -40.2% |
| Non-recurring operating charges | 66A | - | €12,766 | +€12,766 | |
| Gross operating margin | 9900 | €4,715,415 | €4,537,202 | -€178,213 | -3.8% |
| Operating profit (loss) | 9901 | €2,624,027 | €1,914,307 | -€709,720 | -27.0% |
| Financial income | 75/76B | €38,004 | €128,506 | +€90,502 | +238.1% |
| Recurring financial income | 75 | €38,004 | €128,506 | +€90,502 | +238.1% |
| Financial charges | 65/66B | €69,085 | €93,158 | +€24,072 | +34.8% |
| Recurring financial charges | 65 | €60,840 | €88,214 | +€27,374 | +45.0% |
| Non-recurring financial charges | 66B | €8,245 | €4,943 | -€3,302 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €2,592,946 | €1,949,656 | -€643,290 | -24.8% |
| Income taxes | 67/77 | €170,660 | €194,319 | +€23,659 | +13.9% |
| Profit (loss) for the period | 9904 | €2,422,286 | €1,755,336 | -€666,950 | -27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,422,286 | €1,755,336 | -€666,950 | -27.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.