Xgrid: 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.
Xgrid
Largest movements
- Receivables within one year -€15,470
down €15,470 (-62.5%), from €24,740 to €9,269
of which Trade receivables: -€14,697
- Cash -€2,605
down €2,605 (-13.3%), from €19,646 to €17,040
mainly Trade debts (-€12,400) and Other debts (-€5,993)
- Tangible fixed assets -€925
down €925 (-65.6%), from €1,410 to €485
- Stocks and contracts +€565
up €565 (+24.4%), from €2,318 to €2,882
- Trade debts -€12,400
down €12,400 (-61.0%), from €20,337 to €7,937
- Other debts -€5,993
down €5,993 (-28.3%), from €21,151 to €15,157
- Profit (loss) carried forward +€987
up €987 (+17.3%), from -€5,703 to -€4,715
- Accrued charges and deferred income -€719
down €719 (-45.1%), from €1,594 to €875
- Gross operating margin +€5,060
up €5,060, from -€9 to €5,051
- Other operating charges -€573
down €573 (-49.0%), from €1,170 to €597
- Financial charges +€400
up €400 (+20.3%), from €1,976 to €2,376
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 | €49,683 | €31,500 | -€18,182 | -36.6% |
| Fixed assets | 21/28 | €1,410 | €485 | -€925 | -65.6% |
| Tangible fixed assets | 22/27 | €1,410 | €485 | -€925 | -65.6% |
| Furniture and vehicles | 24 | €1,410 | €485 | -€925 | -65.6% |
| Current assets | 29/58 | €48,272 | €31,015 | -€17,257 | -35.7% |
| Stocks and contracts in progress | 3 | €2,318 | €2,882 | +€565 | +24.4% |
| Stocks | 30/36 | €2,318 | €2,882 | +€565 | +24.4% |
| Amounts receivable within one year | 40/41 | €24,740 | €9,269 | -€15,470 | -62.5% |
| Trade receivables | 40 | €18,302 | €3,605 | -€14,697 | -80.3% |
| Other amounts receivable | 41 | €6,438 | €5,664 | -€774 | -12.0% |
| Cash at bank and in hand | 54/58 | €19,646 | €17,040 | -€2,605 | -13.3% |
| Deferred charges and accrued income | 490/1 | €1,570 | €1,824 | +€254 | +16.2% |
| Total equity and liabilities | 10/49 | €49,683 | €31,500 | -€18,182 | -36.6% |
| Equity | 10/15 | €6,545 | €7,532 | +€987 | +15.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €11,247 | €11,247 | = | 0.0% |
| Distributable reserves | 133 | €11,247 | €11,247 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,703 | -€4,715 | +€987 | +17.3% |
| Amounts payable | 17/49 | €43,138 | €23,969 | -€19,170 | -44.4% |
| Amounts payable within one year | 42/48 | €41,544 | €23,094 | -€18,450 | -44.4% |
| Trade debts | 44 | €20,337 | €7,937 | -€12,400 | -61.0% |
| Suppliers | 440/4 | €20,337 | €7,937 | -€12,400 | -61.0% |
| Taxes, remuneration and social security | 45 | €57 | €0 | -€57 | -100.0% |
| Taxes | 450/3 | €57 | €0 | -€57 | -100.0% |
| Other amounts payable | 47/48 | €21,151 | €15,157 | -€5,993 | -28.3% |
| Accrued charges and deferred income | 492/3 | €1,594 | €875 | -€719 | -45.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €925 | €925 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,170 | €597 | -€573 | -49.0% |
| Gross operating margin | 9900 | -€9 | €5,051 | +€5,060 | |
| Operating profit (loss) | 9901 | -€2,105 | €3,529 | +€5,633 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,976 | €2,376 | +€400 | +20.3% |
| Recurring financial charges | 65 | €1,976 | €2,376 | +€400 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,081 | €1,152 | +€5,233 | |
| Income taxes | 67/77 | €117 | €165 | +€48 | +41.1% |
| Profit (loss) for the period | 9904 | -€4,198 | €987 | +€5,185 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,198 | €987 | +€5,185 |
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 5 October 2026 via checked.be.