X10: 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.
X10
Largest movements
- Cash +€23,221
up €23,221 (+105.4%), from €22,026 to €45,247
mainly Net result for the year (+€31,757) and Receivables within one year (+€12,665)
- Receivables within one year -€12,665
down €12,665 (-14.8%), from €85,561 to €72,896
of which Trade receivables: -€12,597
- Tangible fixed assets -€9,039
down €9,039 (-29.0%), from €31,130 to €22,091
of which Land and buildings: -€8,534
- Reserves +€31,757
up €31,757 (+37.1%), from €85,503 to €117,259
- Other debts -€17,292
down €17,292 (-83.3%), from €20,762 to €3,471
- Tax, wage and social debts -€7,044
down €7,044 (-90.6%), from €7,778 to €733
- Trade debts -€6,037
down €6,037 (-97.3%), from €6,207 to €170
- Gross operating margin +€9,185
up €9,185 (+19.3%), from €47,682 to €56,868
- Taxes +€2,667
up €2,667 (+20.9%), from €12,778 to €15,444
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 | €138,849 | €140,233 | +€1,384 | +1.0% |
| Fixed assets | 21/28 | €31,130 | €22,091 | -€9,039 | -29.0% |
| Tangible fixed assets | 22/27 | €31,130 | €22,091 | -€9,039 | -29.0% |
| Land and buildings | 22 | €30,123 | €21,589 | -€8,534 | -28.3% |
| Furniture and vehicles | 24 | €1,007 | €502 | -€506 | -50.2% |
| Current assets | 29/58 | €107,719 | €118,142 | +€10,423 | +9.7% |
| Amounts receivable within one year | 40/41 | €85,561 | €72,896 | -€12,665 | -14.8% |
| Trade receivables | 40 | €80,937 | €68,340 | -€12,597 | -15.6% |
| Other amounts receivable | 41 | €4,623 | €4,556 | -€68 | -1.5% |
| Cash at bank and in hand | 54/58 | €22,026 | €45,247 | +€23,221 | +105.4% |
| Deferred charges and accrued income | 490/1 | €133 | - | -€133 | |
| Total equity and liabilities | 10/49 | €138,849 | €140,233 | +€1,384 | +1.0% |
| Equity | 10/15 | €104,103 | €135,859 | +€31,757 | +30.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,503 | €117,259 | +€31,757 | +37.1% |
| Distributable reserves | 133 | €85,503 | €117,259 | +€31,757 | +37.1% |
| Amounts payable | 17/49 | €34,746 | €4,374 | -€30,373 | -87.4% |
| Amounts payable within one year | 42/48 | €34,746 | €4,374 | -€30,373 | -87.4% |
| Trade debts | 44 | €6,207 | €170 | -€6,037 | -97.3% |
| Suppliers | 440/4 | €6,207 | €170 | -€6,037 | -97.3% |
| Taxes, remuneration and social security | 45 | €7,778 | €733 | -€7,044 | -90.6% |
| Taxes | 450/3 | €7,778 | €733 | -€7,044 | -90.6% |
| Other amounts payable | 47/48 | €20,762 | €3,471 | -€17,292 | -83.3% |
| Non-recurring operating income | 76A | - | €195 | +€195 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,264 | €9,039 | -€225 | -2.4% |
| Other operating charges | 640/8 | €543 | €532 | -€10 | -1.9% |
| Non-recurring operating charges | 66A | €443 | - | -€443 | |
| Gross operating margin | 9900 | €47,682 | €56,868 | +€9,185 | +19.3% |
| Operating profit (loss) | 9901 | €37,433 | €47,296 | +€9,864 | +26.4% |
| Financial income | 75/76B | €40 | €0 | -€40 | -99.9% |
| Recurring financial income | 75 | €40 | €0 | -€40 | -99.9% |
| Financial charges | 65/66B | €42 | €95 | +€53 | +128.0% |
| Recurring financial charges | 65 | €42 | €95 | +€53 | +128.0% |
| Profit (loss) for the period before taxes | 9903 | €37,431 | €47,201 | +€9,770 | +26.1% |
| Income taxes | 67/77 | €12,778 | €15,444 | +€2,667 | +20.9% |
| Profit (loss) for the period | 9904 | €24,654 | €31,757 | +€7,103 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,654 | €31,757 | +€7,103 | +28.8% |
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 7 October 2026 via checked.be.