X2C CONSULTING: 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.
X2C CONSULTING
Largest movements
- Cash -€62,421
down €62,421 (-77.2%), from €80,805 to €18,384
mainly Contributions, distributions and other (-€59,182) and Debts after one year (-€16,319)
- Tangible fixed assets -€11,790
down €11,790 (-3.8%), from €309,991 to €298,201
of which Land and buildings: -€8,365
- Reserves -€59,182
down €59,182 (-48.6%), from €121,815 to €62,633
- Debts after one year -€16,319
down €16,319 (-6.9%), from €235,438 to €219,119
- Gross operating margin -€3,407
down €3,407 (-14.6%), from €23,375 to €19,968
- Taxes -€1,108
down €1,108 (-26.7%), from €4,145 to €3,036
- Financial charges -€880
down €880 (-18.1%), from €4,858 to €3,978
- Other operating charges +€648
new in 2025: €648
- Depreciation -€635
down €635 (-5.1%), from €12,425 to €11,790
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.
Derived cash bridge
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 | €393,597 | €317,900 | -€75,697 | -19.2% |
| Fixed assets | 21/28 | €309,991 | €298,201 | -€11,790 | -3.8% |
| Tangible fixed assets | 22/27 | €309,991 | €298,201 | -€11,790 | -3.8% |
| Land and buildings | 22 | €294,940 | €286,575 | -€8,365 | -2.8% |
| Plant, machinery and equipment | 23 | €2,670 | €1,749 | -€922 | -34.5% |
| Furniture and vehicles | 24 | €1,118 | - | -€1,118 | |
| Other tangible fixed assets | 26 | €11,262 | €9,878 | -€1,384 | -12.3% |
| Current assets | 29/58 | €83,606 | €19,699 | -€63,907 | -76.4% |
| Amounts receivable within one year | 40/41 | €2,266 | - | -€2,266 | |
| Trade receivables | 40 | €1,410 | - | -€1,410 | |
| Other amounts receivable | 41 | €855 | - | -€855 | |
| Cash at bank and in hand | 54/58 | €80,805 | €18,384 | -€62,421 | -77.2% |
| Deferred charges and accrued income | 490/1 | €535 | €1,314 | +€779 | +146% |
| Total equity and liabilities | 10/49 | €393,597 | €317,900 | -€75,697 | -19.2% |
| Equity | 10/15 | €139,647 | €80,980 | -€58,667 | -42.0% |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Reserves | 13 | €121,815 | €62,633 | -€59,182 | -48.6% |
| Distributable reserves | 133 | €121,815 | €62,633 | -€59,182 | -48.6% |
| Profit (loss) carried forward | 14 | €1,832 | €2,348 | +€515 | +28.1% |
| Amounts payable | 17/49 | €253,949 | €236,919 | -€17,030 | -6.7% |
| Amounts payable after more than one year | 17 | €235,438 | €219,119 | -€16,319 | -6.9% |
| Financial debts | 170/4 | €235,438 | €219,119 | -€16,319 | -6.9% |
| Amounts payable within one year | 42/48 | €17,397 | €17,800 | +€404 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €16,062 | €16,319 | +€257 | +1.6% |
| Trade debts | 44 | €1,019 | €445 | -€574 | -56.3% |
| Suppliers | 440/4 | €1,019 | €445 | -€574 | -56.3% |
| Taxes, remuneration and social security | 45 | - | €1,036 | +€1,036 | |
| Taxes | 450/3 | - | €1,036 | +€1,036 | |
| Other amounts payable | 47/48 | €316 | - | -€316 | |
| Accrued charges and deferred income | 492/3 | €1,115 | - | -€1,115 | |
| Non-recurring operating income | 76A | €21,614 | - | -€21,614 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,425 | €11,790 | -€635 | -5.1% |
| Other operating charges | 640/8 | - | €648 | +€648 | |
| Gross operating margin | 9900 | €23,375 | €19,968 | -€3,407 | -14.6% |
| Operating profit (loss) | 9901 | €10,950 | €7,530 | -€3,420 | -31.2% |
| Financial charges | 65/66B | €4,858 | €3,978 | -€880 | -18.1% |
| Recurring financial charges | 65 | €4,858 | €3,978 | -€880 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €6,092 | €3,552 | -€2,540 | -41.7% |
| Income taxes | 67/77 | €4,145 | €3,036 | -€1,108 | -26.7% |
| Profit (loss) for the period | 9904 | €1,947 | €515 | -€1,432 | -73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,947 | €515 | -€1,432 | -73.5% |
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 14 October 2026 via checked.be.