X10A: 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.
X10A
Largest movements
- Tangible fixed assets +€51,259
up €51,259 (+2605.9%), from €1,967 to €53,226
of which Furniture and vehicles: +€48,897
- Cash -€26,683
down €26,683 (-39.4%), from €67,805 to €41,122
mainly Investment in fixed assets (net) (-€56,342) and Net result for the year (-€7,706)
- Receivables within one year -€9,561
down €9,561 (-86.4%), from €11,069 to €1,508
- Current investments +€6,240
up €6,240 (+10.1%), from €61,504 to €67,744
- Debts after one year +€22,780
new in 2025: €22,780
- Profit (loss) carried forward -€7,705
down €7,705 (-8.7%), from €88,700 to €80,995
- Current portion of long-term debt +€7,559
new in 2025: €7,559
- Tax, wage and social debts -€5,318
down €5,318 (-37.2%), from €14,299 to €8,981
- Trade debts +€1,749
up €1,749 (+1922.2%), from €91 to €1,840
- Gross operating margin -€32,129
down €32,129, from €31,486 to -€643
- Depreciation -€3,968
down €3,968 (-43.8%), from €9,051 to €5,083
- Financial charges +€659
up €659 (+844.9%), from €78 to €737
- Other operating charges -€563
down €563 (-50.7%), from €1,112 to €549
- Taxes -€317
down €317 (-25.3%), from €1,252 to €935
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 | €143,636 | €163,600 | +€19,964 | +13.9% |
| Fixed assets | 21/28 | €1,967 | €53,226 | +€51,259 | +2605.9% |
| Tangible fixed assets | 22/27 | €1,967 | €53,226 | +€51,259 | +2605.9% |
| Plant, machinery and equipment | 23 | - | €2,362 | +€2,362 | |
| Furniture and vehicles | 24 | €1,967 | €50,864 | +€48,897 | +2485.9% |
| Current assets | 29/58 | €141,669 | €110,375 | -€31,294 | -22.1% |
| Amounts receivable within one year | 40/41 | €11,069 | €1,508 | -€9,561 | -86.4% |
| Trade receivables | 40 | €11,069 | €1,508 | -€9,561 | -86.4% |
| Current investments | 50/53 | €61,504 | €67,744 | +€6,240 | +10.1% |
| Cash at bank and in hand | 54/58 | €67,805 | €41,122 | -€26,683 | -39.4% |
| Deferred charges and accrued income | 490/1 | €1,291 | - | -€1,291 | |
| Total equity and liabilities | 10/49 | €143,636 | €163,600 | +€19,964 | +13.9% |
| Equity | 10/15 | €128,660 | €120,955 | -€7,705 | -6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,360 | €21,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €19,500 | €19,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,700 | €80,995 | -€7,705 | -8.7% |
| Amounts payable | 17/49 | €14,976 | €42,646 | +€27,670 | +184.8% |
| Amounts payable after more than one year | 17 | - | €22,780 | +€22,780 | |
| Financial debts | 170/4 | - | €22,780 | +€22,780 | |
| Amounts payable within one year | 42/48 | €14,976 | €19,616 | +€4,640 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | - | €7,559 | +€7,559 | |
| Trade debts | 44 | €91 | €1,840 | +€1,749 | +1922.2% |
| Suppliers | 440/4 | €91 | €1,840 | +€1,749 | +1922.2% |
| Taxes, remuneration and social security | 45 | €14,299 | €8,981 | -€5,318 | -37.2% |
| Taxes | 450/3 | €14,299 | €8,981 | -€5,318 | -37.2% |
| Other amounts payable | 47/48 | €586 | €1,235 | +€649 | +110.7% |
| Accrued charges and deferred income | 492/3 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,051 | €5,083 | -€3,968 | -43.8% |
| Other operating charges | 640/8 | €1,112 | €549 | -€563 | -50.7% |
| Gross operating margin | 9900 | €31,486 | -€643 | -€32,129 | |
| Operating profit (loss) | 9901 | €21,323 | -€6,274 | -€27,597 | |
| Financial income | 75/76B | - | €241 | +€241 | |
| Recurring financial income | 75 | - | €241 | +€241 | |
| Financial charges | 65/66B | €78 | €737 | +€659 | +844.9% |
| Recurring financial charges | 65 | €78 | €737 | +€659 | +844.9% |
| Profit (loss) for the period before taxes | 9903 | €21,245 | -€6,771 | -€28,016 | |
| Income taxes | 67/77 | €1,252 | €935 | -€317 | -25.3% |
| Profit (loss) for the period | 9904 | €19,993 | -€7,706 | -€27,699 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,993 | -€7,706 | -€27,699 |
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 9 October 2026 via checked.be.