X42: 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.
X42
Largest movements
- Receivables within one year -€18,796
down €18,796 (-90.1%), from €20,870 to €2,074
of which Trade receivables: -€12,029
- Tangible fixed assets -€1,553
down €1,553 (-52.8%), from €2,941 to €1,388
- Cash -€1,202
down €1,202 (-7.2%), from €16,806 to €15,604
mainly Net result for the year (-€18,459) and Tax, wage and social debts (-€6,242)
- Profit (loss) carried forward -€18,459
down €18,459 (-73.5%), from €25,105 to €6,647
- Tax, wage and social debts -€6,242
down €6,242 (-88.6%), from €7,045 to €803
of which Taxes: -€3,742
- Other debts +€2,549
up €2,549 (+1,687%), from €151 to €2,700
- Gross operating margin -€26,998
down €26,998, from €12,897 to -€14,101
- Other operating charges +€2,824
new in 2025: €2,824
- Taxes -€715
down €715 (-89.1%), from €802 to €87
- Financial income +€265
up €265 (+1,116%), from €24 to €288
- Depreciation +€220
up €220 (+15.6%), from €1,413 to €1,633
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 | €41,423 | €19,525 | -€21,898 | -52.9% |
| Fixed assets | 21/28 | €3,441 | €1,808 | -€1,633 | -47.5% |
| Intangible fixed assets | 21 | €499 | €419 | -€80 | -16.0% |
| Tangible fixed assets | 22/27 | €2,941 | €1,388 | -€1,553 | -52.8% |
| Furniture and vehicles | 24 | €2,941 | €1,388 | -€1,553 | -52.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €37,983 | €17,718 | -€20,265 | -53.4% |
| Amounts receivable within one year | 40/41 | €20,870 | €2,074 | -€18,796 | -90.1% |
| Trade receivables | 40 | €13,792 | €1,763 | -€12,029 | -87.2% |
| Other amounts receivable | 41 | €7,078 | €311 | -€6,767 | -95.6% |
| Cash at bank and in hand | 54/58 | €16,806 | €15,604 | -€1,202 | -7.2% |
| Deferred charges and accrued income | 490/1 | €307 | €40 | -€267 | -86.9% |
| Total equity and liabilities | 10/49 | €41,423 | €19,525 | -€21,898 | -52.9% |
| Equity | 10/15 | €32,362 | €13,903 | -€18,459 | -57.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,056 | €1,056 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,056 | €1,056 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,105 | €6,647 | -€18,459 | -73.5% |
| Amounts payable | 17/49 | €9,062 | €5,622 | -€3,439 | -38.0% |
| Amounts payable within one year | 42/48 | €8,793 | €4,983 | -€3,810 | -43.3% |
| Trade debts | 44 | €1,597 | €1,480 | -€117 | -7.4% |
| Suppliers | 440/4 | €1,597 | €1,480 | -€117 | -7.4% |
| Taxes, remuneration and social security | 45 | €7,045 | €803 | -€6,242 | -88.6% |
| Taxes | 450/3 | €4,545 | €803 | -€3,742 | -82.3% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €151 | €2,700 | +€2,549 | +1,687% |
| Accrued charges and deferred income | 492/3 | €269 | €639 | +€371 | +138% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,413 | €1,633 | +€220 | +15.6% |
| Other operating charges | 640/8 | - | €2,824 | +€2,824 | |
| Gross operating margin | 9900 | €12,897 | -€14,101 | -€26,998 | |
| Operating profit (loss) | 9901 | €11,484 | -€18,558 | -€30,042 | |
| Financial income | 75/76B | €24 | €288 | +€265 | +1,116% |
| Recurring financial income | 75 | €24 | €288 | +€265 | +1,116% |
| Financial charges | 65/66B | €108 | €101 | -€6 | -5.9% |
| Recurring financial charges | 65 | €108 | €101 | -€6 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €11,400 | -€18,371 | -€29,771 | |
| Income taxes | 67/77 | €802 | €87 | -€715 | -89.1% |
| Profit (loss) for the period | 9904 | €10,597 | -€18,459 | -€29,056 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,597 | -€18,459 | -€29,056 |
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 16 October 2026 via checked.be.