X-TENS PROJECTS: 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-TENS PROJECTS
Largest movements
- Stocks and contracts +€710,974
new in 2025: €710,974
- Cash +€9,460
up €9,460 (+350%), from €2,707 to €12,166
mainly Debts after one year (+€425,000) and Short-term financial debts (+€265,000)
- Debts after one year +€425,000
new in 2025: €425,000
- Short-term financial debts +€265,000
up €265,000 (+500%), from €53,000 to €318,000
- Profit (loss) carried forward -€116,634
down €116,634 (-76.3%), from -€152,815 to -€269,449
- Other debts +€95,856
up €95,856 (+105%), from €91,319 to €187,175
- Accrued charges and deferred income +€31,167
up €31,167, from €0 to €31,167
- Financial charges +€26,183
up €26,183 (+292%), from €8,966 to €35,148
- Gross operating margin -€12,213
down €12,213 (-18.6%), from -€65,765 to -€77,978
- Financial income -€3,479
down €3,479 (-52.0%), from €6,685 to €3,206
- Write-downs +€937
new in 2025: €937
- Other operating charges +€790
up €790 (+204%), from €387 to €1,177
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 | €106,325 | €825,352 | +€719,027 | +676% |
| Fixed assets | 21/28 | €9,205 | €9,606 | +€401 | +4.4% |
| Tangible fixed assets | 22/27 | €9,205 | €4,606 | -€4,599 | -50.0% |
| Furniture and vehicles | 24 | €1,664 | €0 | -€1,664 | -100% |
| Other tangible fixed assets | 26 | €7,541 | €4,606 | -€2,935 | -38.9% |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €97,120 | €815,746 | +€718,626 | +740% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | - | €710,974 | +€710,974 | |
| Stocks | 30/36 | - | €710,974 | +€710,974 | |
| Amounts receivable within one year | 40/41 | €94,413 | €92,109 | -€2,304 | -2.4% |
| Trade receivables | 40 | €3,693 | €3,176 | -€516 | -14.0% |
| Other amounts receivable | 41 | €90,721 | €88,933 | -€1,788 | -2.0% |
| Cash at bank and in hand | 54/58 | €2,707 | €12,166 | +€9,460 | +350% |
| Deferred charges and accrued income | 490/1 | - | €496 | +€496 | |
| Total equity and liabilities | 10/49 | €106,325 | €825,352 | +€719,027 | +676% |
| Equity | 10/15 | -€42,704 | -€159,338 | -€116,634 | -273% |
| Contributions | 10/11 | €18,700 | €18,700 | = | 0.0% |
| Reserves | 13 | €91,411 | €91,411 | = | 0.0% |
| Distributable reserves | 133 | €91,411 | €91,411 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€152,815 | -€269,449 | -€116,634 | -76.3% |
| Amounts payable | 17/49 | €149,029 | €984,689 | +€835,661 | +561% |
| Amounts payable after more than one year | 17 | - | €425,000 | +€425,000 | |
| Financial debts | 170/4 | - | €425,000 | +€425,000 | |
| Amounts payable within one year | 42/48 | €149,029 | €528,522 | +€379,494 | +255% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €53,000 | €318,000 | +€265,000 | +500% |
| Credit institutions | 430/8 | €53,000 | €318,000 | +€265,000 | +500% |
| Trade debts | 44 | €77 | €19,849 | +€19,771 | +25,531% |
| Suppliers | 440/4 | €77 | €19,849 | +€19,771 | +25,531% |
| Taxes, remuneration and social security | 45 | €4,632 | €3,499 | -€1,133 | -24.5% |
| Taxes | 450/3 | €4,632 | €3,499 | -€1,133 | -24.5% |
| Other amounts payable | 47/48 | €91,319 | €187,175 | +€95,856 | +105% |
| Accrued charges and deferred income | 492/3 | €0 | €31,167 | +€31,167 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,066 | €4,599 | -€467 | -9.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €937 | +€937 | |
| Other operating charges | 640/8 | €387 | €1,177 | +€790 | +204% |
| Gross operating margin | 9900 | -€65,765 | -€77,978 | -€12,213 | -18.6% |
| Operating profit (loss) | 9901 | -€71,219 | -€84,692 | -€13,473 | -18.9% |
| Financial income | 75/76B | €6,685 | €3,206 | -€3,479 | -52.0% |
| Recurring financial income | 75 | €6,685 | €3,206 | -€3,479 | -52.0% |
| Financial charges | 65/66B | €8,966 | €35,148 | +€26,183 | +292% |
| Recurring financial charges | 65 | €8,966 | €35,148 | +€26,183 | +292% |
| Profit (loss) for the period before taxes | 9903 | -€73,499 | -€116,634 | -€43,135 | -58.7% |
| Profit (loss) for the period | 9904 | -€73,499 | -€116,634 | -€43,135 | -58.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€73,499 | -€116,634 | -€43,135 | -58.7% |
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 26 October 2026 via checked.be.