X-Vision: 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-Vision
Largest movements
- Tangible fixed assets +€32,122
up €32,122 (+19.3%), from €166,246 to €198,367
of which Furniture and vehicles: +€28,107
- Receivables within one year -€20,634
down €20,634 (-58.5%), from €35,270 to €14,636
of which Trade receivables: -€35,203
- Cash -€9,303
down €9,303 (-60.6%), from €15,364 to €6,061
mainly Contributions, distributions and other (-€218,062) and Investment in fixed assets (net) (-€52,018)
- Profit (loss) carried forward -€132,313
down €132,313 (-89.4%), from €148,062 to €15,749
- Other debts +€131,090
up €131,090 (+304.5%), from €43,051 to €174,142
- Current portion of long-term debt +€20,666
new in 2025: €20,666
- Tax, wage and social debts -€14,361
down €14,361 (-71.0%), from €20,226 to €5,865
- Trade debts -€2,330
down €2,330 (-37.9%), from €6,143 to €3,813
- Gross operating margin -€77,108
down €77,108 (-35.3%), from €218,554 to €141,445
- Taxes -€20,850
down €20,850 (-40.2%), from €51,827 to €30,977
- Depreciation +€5,117
up €5,117 (+34.6%), from €14,779 to €19,896
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 | €219,706 | €222,362 | +€2,656 | +1.2% |
| Fixed assets | 21/28 | €166,246 | €198,367 | +€32,122 | +19.3% |
| Tangible fixed assets | 22/27 | €166,246 | €198,367 | +€32,122 | +19.3% |
| Land and buildings | 22 | €125,514 | €115,176 | -€10,339 | -8.2% |
| Furniture and vehicles | 24 | €34,966 | €63,073 | +€28,107 | +80.4% |
| Other tangible fixed assets | 26 | €5,766 | €20,119 | +€14,353 | +248.9% |
| Current assets | 29/58 | €53,460 | €23,994 | -€29,466 | -55.1% |
| Amounts receivable within one year | 40/41 | €35,270 | €14,636 | -€20,634 | -58.5% |
| Trade receivables | 40 | €35,203 | - | -€35,203 | |
| Other amounts receivable | 41 | €68 | €14,636 | +€14,568 | +21556.7% |
| Cash at bank and in hand | 54/58 | €15,364 | €6,061 | -€9,303 | -60.6% |
| Deferred charges and accrued income | 490/1 | €2,826 | €3,298 | +€472 | +16.7% |
| Total equity and liabilities | 10/49 | €219,706 | €222,362 | +€2,656 | +1.2% |
| Equity | 10/15 | €149,062 | €16,749 | -€132,313 | -88.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,062 | €15,749 | -€132,313 | -89.4% |
| Amounts payable | 17/49 | €70,644 | €205,612 | +€134,969 | +191.1% |
| Amounts payable within one year | 42/48 | €69,421 | €204,485 | +€135,065 | +194.6% |
| Current portion of amounts payable after more than one year | 42 | - | €20,666 | +€20,666 | |
| Trade debts | 44 | €6,143 | €3,813 | -€2,330 | -37.9% |
| Suppliers | 440/4 | €6,143 | €3,813 | -€2,330 | -37.9% |
| Taxes, remuneration and social security | 45 | €20,226 | €5,865 | -€14,361 | -71.0% |
| Taxes | 450/3 | €20,226 | €5,865 | -€14,361 | -71.0% |
| Other amounts payable | 47/48 | €43,051 | €174,142 | +€131,090 | +304.5% |
| Accrued charges and deferred income | 492/3 | €1,223 | €1,127 | -€96 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,779 | €19,896 | +€5,117 | +34.6% |
| Other operating charges | 640/8 | €2,702 | €3,064 | +€362 | +13.4% |
| Gross operating margin | 9900 | €218,554 | €141,445 | -€77,108 | -35.3% |
| Operating profit (loss) | 9901 | €201,073 | €118,485 | -€82,588 | -41.1% |
| Financial charges | 65/66B | €1,184 | €1,759 | +€575 | +48.6% |
| Recurring financial charges | 65 | €1,184 | €1,759 | +€575 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | €199,889 | €116,726 | -€83,163 | -41.6% |
| Income taxes | 67/77 | €51,827 | €30,977 | -€20,850 | -40.2% |
| Profit (loss) for the period | 9904 | €148,062 | €85,749 | -€62,313 | -42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €148,062 | €85,749 | -€62,313 | -42.1% |
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 11 October 2026 via checked.be.