X5 GROUP: 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.
X5 GROUP
Largest movements
- Stocks and contracts +€287,537
up €287,537 (+13.9%), from €2.1m to €2.4m
- Debts after one year +€375,962
up €375,962 (+19.0%), from €2.0m to €2.4m
- Trade debts -€66,920
down €66,920 (-100.0%), from €66,921 to €0
- Gross operating margin +€4,908
up €4,908 (+71.8%), from -€6,840 to -€1,932
- Other operating charges +€446
up €446 (+55.9%), from €799 to €1,246
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 | €2,094,842 | €2,405,062 | +€310,220 | +14.8% |
| Current assets | 29/58 | €2,094,842 | €2,405,062 | +€310,220 | +14.8% |
| Stocks and contracts in progress | 3 | €2,074,716 | €2,362,254 | +€287,537 | +13.9% |
| Stocks | 30/36 | €2,074,716 | €2,362,254 | +€287,537 | +13.9% |
| Amounts receivable within one year | 40/41 | €12,592 | €11,535 | -€1,057 | -8.4% |
| Trade receivables | 40 | - | €0 | +€0 | |
| Other amounts receivable | 41 | €12,592 | €11,535 | -€1,057 | -8.4% |
| Cash at bank and in hand | 54/58 | €7,534 | €31,040 | +€23,506 | +312% |
| Deferred charges and accrued income | 490/1 | - | €233 | +€233 | |
| Total equity and liabilities | 10/49 | €2,094,842 | €2,405,062 | +€310,220 | +14.8% |
| Equity | 10/15 | €53,489 | €49,926 | -€3,563 | -6.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Contributions outside capital | 11 | €61,500 | €61,500 | = | 0.0% |
| Other | 1109/19 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,011 | -€11,574 | -€3,563 | -44.5% |
| Amounts payable | 17/49 | €2,041,354 | €2,355,136 | +€313,782 | +15.4% |
| Amounts payable after more than one year | 17 | €1,974,433 | €2,350,395 | +€375,962 | +19.0% |
| Financial debts | 170/4 | €1,974,433 | €2,350,395 | +€375,962 | +19.0% |
| Amounts payable within one year | 42/48 | €66,921 | €0 | -€66,920 | -100.0% |
| Trade debts | 44 | €66,921 | €0 | -€66,920 | -100.0% |
| Suppliers | 440/4 | €66,921 | €0 | -€66,920 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €4,741 | +€4,741 | |
| Other operating charges | 640/8 | €799 | €1,246 | +€446 | +55.9% |
| Gross operating margin | 9900 | -€6,840 | -€1,932 | +€4,908 | +71.8% |
| Operating profit (loss) | 9901 | -€7,639 | -€3,177 | +€4,462 | +58.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €372 | €385 | +€13 | +3.4% |
| Recurring financial charges | 65 | €372 | €385 | +€13 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,011 | -€3,563 | +€4,449 | +55.5% |
| Profit (loss) for the period | 9904 | -€8,011 | -€3,563 | +€4,449 | +55.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,011 | -€3,563 | +€4,449 | +55.5% |
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 18 October 2026 via checked.be.