X10A: 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.
X10A
Largest movements
- Tangible fixed assets +€125,465
up €125,465 (+1039.0%), from €12,076 to €137,540
of which Assets under construction and advance payments: +€124,979
- Receivables within one year -€114,795
down €114,795 (-68.5%), from €167,651 to €52,857
of which Other amounts receivable: -€102,994
- Cash +€8,262
up €8,262 (+36.1%), from €22,917 to €31,180
mainly Receivables within one year (+€114,795) and Trade debts (+€14,863)
- Deferred charges and accrued income -€4,217
down €4,217 (-43.2%), from €9,769 to €5,553
- Trade debts +€14,863
up €14,863 (+45.9%), from €32,408 to €47,271
- Profit (loss) carried forward +€3,467
up €3,467 (+18.6%), from €18,641 to €22,108
- Debts after one year +€2,496
new in 2025: €2,496
- Tax, wage and social debts -€2,351
down €2,351 (-15.8%), from €14,886 to €12,535
of which Taxes: -€7,172
- Gross operating margin -€17,506
down €17,506 (-55.5%), from €31,554 to €14,048
- Depreciation +€2,182
up €2,182 (+78.3%), from €2,785 to €4,967
- Other operating charges +€1,042
up €1,042 (+768.2%), from €136 to €1,177
- Financial charges -€1,033
down €1,033 (-22.7%), from €4,547 to €3,515
- Taxes -€331
down €331 (-26.4%), from €1,253 to €922
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 | €214,369 | €230,630 | +€16,261 | +7.6% |
| Fixed assets | 21/28 | €14,031 | €141,041 | +€127,010 | +905.2% |
| Intangible fixed assets | 21 | €1,956 | €3,501 | +€1,545 | +79.0% |
| Tangible fixed assets | 22/27 | €12,076 | €137,540 | +€125,465 | +1039.0% |
| Furniture and vehicles | 24 | €3,376 | €5,562 | +€2,186 | +64.7% |
| Other tangible fixed assets | 26 | €8,700 | €7,000 | -€1,699 | -19.5% |
| Assets under construction and advance payments | 27 | - | €124,979 | +€124,979 | |
| Current assets | 29/58 | €200,338 | €89,589 | -€110,749 | -55.3% |
| Amounts receivable within one year | 40/41 | €167,651 | €52,857 | -€114,795 | -68.5% |
| Trade receivables | 40 | €62,428 | €50,627 | -€11,800 | -18.9% |
| Other amounts receivable | 41 | €105,224 | €2,230 | -€102,994 | -97.9% |
| Cash at bank and in hand | 54/58 | €22,917 | €31,180 | +€8,262 | +36.1% |
| Deferred charges and accrued income | 490/1 | €9,769 | €5,553 | -€4,217 | -43.2% |
| Total equity and liabilities | 10/49 | €214,369 | €230,630 | +€16,261 | +7.6% |
| Equity | 10/15 | €39,101 | €42,568 | +€3,467 | +8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,641 | €22,108 | +€3,467 | +18.6% |
| Amounts payable | 17/49 | €175,269 | €188,063 | +€12,794 | +7.3% |
| Amounts payable after more than one year | 17 | - | €2,496 | +€2,496 | |
| Financial debts | 170/4 | - | €2,496 | +€2,496 | |
| Amounts payable within one year | 42/48 | €175,269 | €185,567 | +€10,298 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €3,521 | €1,915 | -€1,606 | -45.6% |
| Financial debts | 43 | €608 | - | -€608 | |
| Credit institutions | 430/8 | €608 | - | -€608 | |
| Trade debts | 44 | €32,408 | €47,271 | +€14,863 | +45.9% |
| Suppliers | 440/4 | €32,408 | €47,271 | +€14,863 | +45.9% |
| Taxes, remuneration and social security | 45 | €14,886 | €12,535 | -€2,351 | -15.8% |
| Taxes | 450/3 | €13,168 | €5,996 | -€7,172 | -54.5% |
| Remuneration and social security | 454/9 | €1,718 | €6,539 | +€4,821 | +280.6% |
| Other amounts payable | 47/48 | €123,846 | €123,846 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,785 | €4,967 | +€2,182 | +78.3% |
| Other operating charges | 640/8 | €136 | €1,177 | +€1,042 | +768.2% |
| Gross operating margin | 9900 | €31,554 | €14,048 | -€17,506 | -55.5% |
| Operating profit (loss) | 9901 | €28,633 | €7,904 | -€20,729 | -72.4% |
| Financial charges | 65/66B | €4,547 | €3,515 | -€1,033 | -22.7% |
| Recurring financial charges | 65 | €4,547 | €3,515 | -€1,033 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €24,086 | €4,389 | -€19,697 | -81.8% |
| Income taxes | 67/77 | €1,253 | €922 | -€331 | -26.4% |
| Profit (loss) for the period | 9904 | €22,833 | €3,467 | -€19,366 | -84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,833 | €3,467 | -€19,366 | -84.8% |
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.