X-TWO CONSULT: 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-TWO CONSULT
Largest movements
- Tangible fixed assets -€68,111
down €68,111 (-4.8%), from €1.4m to €1.4m
of which Land and buildings: -€44,102
- Cash +€51,348
up €51,348 (+60.6%), from €84,711 to €136,058
mainly Net result for the year (+€95,743) and Depreciation (+€72,002)
- Receivables within one year +€26,699
up €26,699 (+43.7%), from €61,123 to €87,822
of which Other amounts receivable: +€15,628
- Reserves +€95,743
up €95,743 (+18.4%), from €520,396 to €616,139
- Debts after one year -€90,270
down €90,270 (-18.1%), from €499,787 to €409,516
- Tax, wage and social debts +€19,362
up €19,362 (+54.3%), from €35,672 to €55,034
- Gross operating margin +€9,734
up €9,734 (+4.3%), from €228,911 to €238,645
- Other operating charges +€4,393
up €4,393 (+257.9%), from €1,703 to €6,096
- Taxes +€2,433
up €2,433 (+6.3%), from €38,821 to €41,254
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 | €1,636,759 | €1,644,287 | +€7,527 | +0.5% |
| Fixed assets | 21/28 | €1,488,689 | €1,417,478 | -€71,211 | -4.8% |
| Tangible fixed assets | 22/27 | €1,432,424 | €1,364,313 | -€68,111 | -4.8% |
| Land and buildings | 22 | €1,246,695 | €1,202,593 | -€44,102 | -3.5% |
| Plant, machinery and equipment | 23 | €61,961 | €51,853 | -€10,109 | -16.3% |
| Furniture and vehicles | 24 | €123,767 | €109,867 | -€13,900 | -11.2% |
| Financial fixed assets | 28 | €56,265 | €53,165 | -€3,100 | -5.5% |
| Current assets | 29/58 | €148,070 | €226,809 | +€78,739 | +53.2% |
| Stocks and contracts in progress | 3 | - | €1,500 | +€1,500 | |
| Stocks | 30/36 | - | €1,500 | +€1,500 | |
| Amounts receivable within one year | 40/41 | €61,123 | €87,822 | +€26,699 | +43.7% |
| Trade receivables | 40 | €58,822 | €69,893 | +€11,071 | +18.8% |
| Other amounts receivable | 41 | €2,301 | €17,930 | +€15,628 | +679.1% |
| Cash at bank and in hand | 54/58 | €84,711 | €136,058 | +€51,348 | +60.6% |
| Deferred charges and accrued income | 490/1 | €2,237 | €1,428 | -€808 | -36.1% |
| Total equity and liabilities | 10/49 | €1,636,759 | €1,644,287 | +€7,527 | +0.5% |
| Equity | 10/15 | €854,651 | €950,394 | +€95,743 | +11.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €520,396 | €616,139 | +€95,743 | +18.4% |
| Distributable reserves | 133 | €520,396 | €616,139 | +€95,743 | +18.4% |
| Profit (loss) carried forward | 14 | €284,255 | €284,255 | = | 0.0% |
| Amounts payable | 17/49 | €782,108 | €693,893 | -€88,216 | -11.3% |
| Amounts payable after more than one year | 17 | €499,787 | €409,516 | -€90,270 | -18.1% |
| Financial debts | 170/4 | €499,787 | €409,516 | -€90,270 | -18.1% |
| Amounts payable within one year | 42/48 | €282,322 | €284,376 | +€2,055 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €94,295 | €98,838 | +€4,543 | +4.8% |
| Trade debts | 44 | €9,632 | €1,222 | -€8,410 | -87.3% |
| Suppliers | 440/4 | €9,632 | €1,222 | -€8,410 | -87.3% |
| Taxes, remuneration and social security | 45 | €35,672 | €55,034 | +€19,362 | +54.3% |
| Taxes | 450/3 | €35,672 | €55,034 | +€19,362 | +54.3% |
| Other amounts payable | 47/48 | €142,722 | €129,283 | -€13,439 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,186 | €72,002 | -€2,183 | -2.9% |
| Other operating charges | 640/8 | €1,703 | €6,096 | +€4,393 | +257.9% |
| Gross operating margin | 9900 | €228,911 | €238,645 | +€9,734 | +4.3% |
| Operating profit (loss) | 9901 | €153,022 | €160,547 | +€7,525 | +4.9% |
| Financial income | 75/76B | €15 | €130 | +€115 | +766.5% |
| Recurring financial income | 75 | €15 | €130 | +€115 | +766.5% |
| Financial charges | 65/66B | €23,316 | €23,680 | +€364 | +1.6% |
| Recurring financial charges | 65 | €23,316 | €20,580 | -€2,736 | -11.7% |
| Non-recurring financial charges | 66B | - | €3,100 | +€3,100 | |
| Profit (loss) for the period before taxes | 9903 | €129,722 | €136,997 | +€7,275 | +5.6% |
| Income taxes | 67/77 | €38,821 | €41,254 | +€2,433 | +6.3% |
| Profit (loss) for the period | 9904 | €90,901 | €95,743 | +€4,842 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €90,901 | €95,743 | +€4,842 | +5.3% |
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 10 October 2026 via checked.be.