X TIME: 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 TIME
Largest movements
- Formation expenses -€500
down €500 (-45.2%), from €1,107 to €607
- Cash -€411
down €411 (-88.6%), from €464 to €53
mainly Net result for the year (-€1,682) and Receivables within one year (-€139)
- Receivables within one year +€139
new in 2025: €139
- Profit (loss) carried forward -€1,682
down €1,682 (-117.7%), from -€1,429 to -€3,111
- Other debts +€910
up €910 (+60.7%), from €1,500 to €2,410
- Financial charges +€298
up €298 (+69.1%), from €431 to €729
- Gross operating margin +€152
up €152 (+25.1%), from -€605 to -€453
- Depreciation +€107
up €107 (+27.1%), from €393 to €500
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 | €1,571 | €799 | -€772 | -49.1% |
| Formation expenses | 20 | €1,107 | €607 | -€500 | -45.2% |
| Current assets | 29/58 | €464 | €192 | -€272 | -58.6% |
| Amounts receivable within one year | 40/41 | - | €139 | +€139 | |
| Trade receivables | 40 | - | €139 | +€139 | |
| Cash at bank and in hand | 54/58 | €464 | €53 | -€411 | -88.6% |
| Total equity and liabilities | 10/49 | €1,571 | €799 | -€772 | -49.1% |
| Equity | 10/15 | €71 | -€1,611 | -€1,682 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,429 | -€3,111 | -€1,682 | -117.7% |
| Amounts payable | 17/49 | €1,500 | €2,410 | +€910 | +60.7% |
| Amounts payable within one year | 42/48 | €1,500 | €2,410 | +€910 | +60.7% |
| Other amounts payable | 47/48 | €1,500 | €2,410 | +€910 | +60.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €393 | €500 | +€107 | +27.1% |
| Gross operating margin | 9900 | -€605 | -€453 | +€152 | +25.1% |
| Operating profit (loss) | 9901 | -€998 | -€953 | +€45 | +4.5% |
| Financial charges | 65/66B | €431 | €729 | +€298 | +69.1% |
| Recurring financial charges | 65 | €431 | €729 | +€298 | +69.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,429 | -€1,682 | -€252 | -17.7% |
| Profit (loss) for the period | 9904 | -€1,429 | -€1,682 | -€252 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,429 | -€1,682 | -€252 | -17.7% |
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 30 September 2026 via checked.be.