XD Concept: 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.
XD Concept
Largest movements
- Receivables within one year +€10,997
up €10,997 (+165.5%), from €6,645 to €17,642
of which Trade receivables: +€10,613
- Cash +€6,904
up €6,904 (+37.6%), from €18,358 to €25,263
mainly Net result for the year (+€8,013) and Trade debts (+€5,912)
- Tangible fixed assets -€2,234
down €2,234 (-56.0%), from €3,988 to €1,754
of which Plant, machinery and equipment: -€1,640
- Deferred charges and accrued income -€1,494
down €1,494 (-30.5%), from €4,898 to €3,404
- Profit (loss) carried forward +€8,013
up €8,013 (+18.5%), from €43,272 to €51,285
- Trade debts +€5,912
up €5,912 (+125.7%), from €4,702 to €10,614
- Gross operating margin -€17,624
down €17,624 (-52.2%), from €33,793 to €16,170
- Taxes -€2,556
down €2,556 (-41.2%), from €6,210 to €3,654
- Depreciation +€503
up €503 (+29.1%), from €1,730 to €2,234
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 | €61,261 | €75,434 | +€14,173 | +23.1% |
| Fixed assets | 21/28 | €3,988 | €1,754 | -€2,234 | -56.0% |
| Tangible fixed assets | 22/27 | €3,988 | €1,754 | -€2,234 | -56.0% |
| Plant, machinery and equipment | 23 | €2,254 | €614 | -€1,640 | -72.8% |
| Furniture and vehicles | 24 | €1,734 | €1,140 | -€594 | -34.3% |
| Current assets | 29/58 | €57,273 | €73,680 | +€16,407 | +28.6% |
| Amounts receivable within one year | 40/41 | €6,645 | €17,642 | +€10,997 | +165.5% |
| Trade receivables | 40 | €4,728 | €15,341 | +€10,613 | +224.5% |
| Other amounts receivable | 41 | €1,918 | €2,302 | +€384 | +20.0% |
| Current investments | 50/53 | €27,371 | €27,371 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €18,358 | €25,263 | +€6,904 | +37.6% |
| Deferred charges and accrued income | 490/1 | €4,898 | €3,404 | -€1,494 | -30.5% |
| Total equity and liabilities | 10/49 | €61,261 | €75,434 | +€14,173 | +23.1% |
| Equity | 10/15 | €49,272 | €57,285 | +€8,013 | +16.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,272 | €51,285 | +€8,013 | +18.5% |
| Amounts payable | 17/49 | €11,990 | €18,150 | +€6,160 | +51.4% |
| Amounts payable within one year | 42/48 | €11,990 | €17,850 | +€5,860 | +48.9% |
| Trade debts | 44 | €4,702 | €10,614 | +€5,912 | +125.7% |
| Suppliers | 440/4 | €4,702 | €10,614 | +€5,912 | +125.7% |
| Taxes, remuneration and social security | 45 | €7,288 | €7,235 | -€52 | -0.7% |
| Taxes | 450/3 | €7,288 | €5,056 | -€2,232 | -30.6% |
| Remuneration and social security | 454/9 | - | €2,179 | +€2,179 | |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Remuneration, social security and pensions | 62 | €1,520 | €1,520 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,730 | €2,234 | +€503 | +29.1% |
| Other operating charges | 640/8 | €547 | €729 | +€182 | +33.4% |
| Gross operating margin | 9900 | €33,793 | €16,170 | -€17,624 | -52.2% |
| Operating profit (loss) | 9901 | €29,996 | €11,687 | -€18,309 | -61.0% |
| Financial income | 75/76B | €1 | €118 | +€117 | +11769.7% |
| Recurring financial income | 75 | €1 | €118 | +€117 | +11769.7% |
| Financial charges | 65/66B | €127 | €137 | +€10 | +7.6% |
| Recurring financial charges | 65 | €127 | €137 | +€10 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €29,870 | €11,667 | -€18,203 | -60.9% |
| Income taxes | 67/77 | €6,210 | €3,654 | -€2,556 | -41.2% |
| Profit (loss) for the period | 9904 | €23,660 | €8,013 | -€15,647 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,660 | €8,013 | -€15,647 | -66.1% |
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 12 October 2026 via checked.be.