Xii: 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.
Xii
Largest movements
- Receivables within one year +€9,840
up €9,840 (+56.9%), from €17,304 to €27,144
of which Other amounts receivable: +€27,144
- Cash +€718
up €718 (+116.6%), from €615 to €1,333
mainly Tax, wage and social debts (+€13,094) and Net result for the year (+€1,485)
- Deferred charges and accrued income +€510
up €510 (+27.1%), from €1,879 to €2,389
- Tax, wage and social debts +€13,094
up €13,094 (+23.3%), from €56,286 to €69,380
of which Remuneration and social security: +€12,036
- Other debts -€2,579
down €2,579 (-23.3%), from €11,051 to €8,473
- Profit (loss) carried forward +€1,485
up €1,485 (+2.2%), from -€66,261 to -€64,776
- Trade debts -€933
down €933 (-8.8%), from €10,663 to €9,730
- Gross operating margin -€137,044
down €137,044 (-34.6%), from €396,151 to €259,107
- Staff costs -€116,610
down €116,610 (-31.3%), from €372,806 to €256,196
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 | €19,799 | €30,867 | +€11,068 | +55.9% |
| Current assets | 29/58 | €19,799 | €30,867 | +€11,068 | +55.9% |
| Amounts receivable within one year | 40/41 | €17,304 | €27,144 | +€9,840 | +56.9% |
| Trade receivables | 40 | €17,304 | €0 | -€17,304 | -100.0% |
| Other amounts receivable | 41 | €0 | €27,144 | +€27,144 | |
| Cash at bank and in hand | 54/58 | €615 | €1,333 | +€718 | +116.6% |
| Deferred charges and accrued income | 490/1 | €1,879 | €2,389 | +€510 | +27.1% |
| Total equity and liabilities | 10/49 | €19,799 | €30,867 | +€11,068 | +55.9% |
| Equity | 10/15 | -€58,201 | -€56,716 | +€1,485 | +2.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,261 | -€64,776 | +€1,485 | +2.2% |
| Amounts payable | 17/49 | €78,000 | €87,583 | +€9,583 | +12.3% |
| Amounts payable within one year | 42/48 | €78,000 | €87,583 | +€9,583 | +12.3% |
| Trade debts | 44 | €10,663 | €9,730 | -€933 | -8.8% |
| Suppliers | 440/4 | €10,663 | €9,730 | -€933 | -8.8% |
| Taxes, remuneration and social security | 45 | €56,286 | €69,380 | +€13,094 | +23.3% |
| Taxes | 450/3 | €24,375 | €25,433 | +€1,058 | +4.3% |
| Remuneration and social security | 454/9 | €31,911 | €43,947 | +€12,036 | +37.7% |
| Other amounts payable | 47/48 | €11,051 | €8,473 | -€2,579 | -23.3% |
| Remuneration, social security and pensions | 62 | €372,806 | €256,196 | -€116,610 | -31.3% |
| Other operating charges | 640/8 | €254 | €141 | -€113 | -44.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €396,151 | €259,107 | -€137,044 | -34.6% |
| Operating profit (loss) | 9901 | €23,091 | €2,771 | -€20,321 | -88.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €260 | €777 | +€517 | +198.6% |
| Recurring financial charges | 65 | €260 | €777 | +€517 | +198.6% |
| Profit (loss) for the period before taxes | 9903 | €22,831 | €1,993 | -€20,838 | -91.3% |
| Income taxes | 67/77 | €2,152 | €508 | -€1,643 | -76.4% |
| Profit (loss) for the period | 9904 | €20,679 | €1,485 | -€19,194 | -92.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,679 | €1,485 | -€19,194 | -92.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.