XConvest: what changed
Two fiscal 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.
XConvest
Largest movements
- Cash -€166,867
down €166,867 (-72.7%), from €229,384 to €62,517
mainly Debts after one year (-€120,000) and Net result for the year (-€29,476)
- Receivables within one year +€22,745
up €22,745 (+329.1%), from €6,911 to €29,656
of which Other amounts receivable: +€13,218
- Tangible fixed assets -€17,259
down €17,259 (-75.8%), from €22,780 to €5,521
- Debts after one year -€120,000
down €120,000 (-100.0%), from €120,000 to €0
- Profit (loss) carried forward -€29,476
down €29,476 (-2865.3%), from -€1,029 to -€30,504
- Other debts -€10,890
down €10,890 (-100.0%), from €10,890 to €0
- Trade debts +€4,501
up €4,501 (+21.7%), from €20,755 to €25,256
- Short-term financial debts -€4,029
down €4,029 (-100.0%), from €4,029 to €0
- Gross operating margin -€247,619
down €247,619, from €236,313 to -€11,305
- Taxes -€56,942
down €56,942 (-100.0%), from €56,942 to €0
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 | €260,070 | €101,159 | -€158,911 | -61.1% |
| Fixed assets | 21/28 | €22,780 | €5,521 | -€17,259 | -75.8% |
| Tangible fixed assets | 22/27 | €22,780 | €5,521 | -€17,259 | -75.8% |
| Furniture and vehicles | 24 | €22,780 | €5,521 | -€17,259 | -75.8% |
| Current assets | 29/58 | €237,290 | €95,637 | -€141,652 | -59.7% |
| Amounts receivable within one year | 40/41 | €6,911 | €29,656 | +€22,745 | +329.1% |
| Trade receivables | 40 | €5,899 | €15,426 | +€9,527 | +161.5% |
| Other amounts receivable | 41 | €1,012 | €14,230 | +€13,218 | +1306.2% |
| Cash at bank and in hand | 54/58 | €229,384 | €62,517 | -€166,867 | -72.7% |
| Deferred charges and accrued income | 490/1 | €995 | €3,465 | +€2,470 | +248.4% |
| Total equity and liabilities | 10/49 | €260,070 | €101,159 | -€158,911 | -61.1% |
| Equity | 10/15 | €104,383 | €74,907 | -€29,476 | -28.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €99,211 | €99,211 | = | 0.0% |
| Distributable reserves | 133 | €99,211 | €99,211 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,029 | -€30,504 | -€29,476 | -2865.3% |
| Amounts payable | 17/49 | €155,687 | €26,252 | -€129,435 | -83.1% |
| Amounts payable after more than one year | 17 | €120,000 | €0 | -€120,000 | -100.0% |
| Financial debts | 170/4 | €120,000 | €0 | -€120,000 | -100.0% |
| Amounts payable within one year | 42/48 | €35,687 | €26,252 | -€9,435 | -26.4% |
| Financial debts | 43 | €4,029 | €0 | -€4,029 | -100.0% |
| Credit institutions | 430/8 | €4,029 | €0 | -€4,029 | -100.0% |
| Trade debts | 44 | €20,755 | €25,256 | +€4,501 | +21.7% |
| Suppliers | 440/4 | €20,755 | €25,256 | +€4,501 | +21.7% |
| Taxes, remuneration and social security | 45 | €13 | €996 | +€982 | +7374.8% |
| Taxes | 450/3 | €13 | €996 | +€982 | +7374.8% |
| Other amounts payable | 47/48 | €10,890 | €0 | -€10,890 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,387 | €17,259 | +€872 | +5.3% |
| Other operating charges | 640/8 | €1,112 | €946 | -€165 | -14.9% |
| Non-recurring operating charges | 66A | €766 | €0 | -€766 | -100.0% |
| Gross operating margin | 9900 | €236,313 | -€11,305 | -€247,619 | |
| Operating profit (loss) | 9901 | €218,048 | -€29,511 | -€247,559 | |
| Financial income | 75/76B | - | €380 | +€380 | |
| Recurring financial income | 75 | - | €380 | +€380 | |
| Financial charges | 65/66B | €301 | €346 | +€45 | +15.0% |
| Recurring financial charges | 65 | €301 | €346 | +€45 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €217,748 | -€29,476 | -€247,224 | |
| Income taxes | 67/77 | €56,942 | €0 | -€56,942 | -100.0% |
| Profit (loss) for the period | 9904 | €160,806 | -€29,476 | -€190,282 | |
| Profit (loss) for the period to be appropriated | 9905 | €160,806 | -€29,476 | -€190,282 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.