XA-4: 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.
XA-4
Largest movements
- Cash -€103
no longer reported in 2025 (was €103)
mainly Net result for the year (-€2,369)
- Profit (loss) carried forward -€2,369
down €2,369 (-8.6%), from -€27,410 to -€29,779
- Other debts +€1,331
up €1,331 (+6.6%), from €20,027 to €21,358
- Trade debts +€935
up €935 (+191%), from €489 to €1,424
- Gross operating margin +€696
up €696 (+34.5%), from -€2,015 to -€1,319
- Other operating charges +€136
up €136 (+35.2%), from €387 to €524
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 | €103 | - | -€103 | |
| Current assets | 29/58 | €103 | - | -€103 | |
| Cash at bank and in hand | 54/58 | €103 | - | -€103 | |
| Total equity and liabilities | 10/49 | €103 | - | -€103 | |
| Equity | 10/15 | -€20,413 | -€22,782 | -€2,369 | -11.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €800 | €800 | = | 0.0% |
| Distributable reserves | 133 | €800 | €800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,410 | -€29,779 | -€2,369 | -8.6% |
| Amounts payable | 17/49 | €20,516 | €22,782 | +€2,266 | +11.0% |
| Amounts payable within one year | 42/48 | €20,516 | €22,782 | +€2,266 | +11.0% |
| Trade debts | 44 | €489 | €1,424 | +€935 | +191% |
| Suppliers | 440/4 | €489 | €1,424 | +€935 | +191% |
| Other amounts payable | 47/48 | €20,027 | €21,358 | +€1,331 | +6.6% |
| Other operating charges | 640/8 | €387 | €524 | +€136 | +35.2% |
| Gross operating margin | 9900 | -€2,015 | -€1,319 | +€696 | +34.5% |
| Operating profit (loss) | 9901 | -€2,403 | -€1,843 | +€559 | +23.3% |
| Financial charges | 65/66B | €532 | €526 | -€5 | -1.0% |
| Recurring financial charges | 65 | €532 | €526 | -€5 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,934 | -€2,369 | +€565 | +19.2% |
| Profit (loss) for the period | 9904 | -€2,934 | -€2,369 | +€565 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,934 | -€2,369 | +€565 | +19.2% |
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.