Xpert4C: 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.
Xpert4C
Largest movements
- Cash -€308,748
down €308,748 (-75.2%), from €410,564 to €101,816
mainly Contributions, distributions and other (-€466,991) and Investment in fixed assets (net) (-€5,988)
- Receivables within one year -€10,809
down €10,809 (-35.7%), from €30,287 to €19,478
of which Trade receivables: -€5,705
- Tangible fixed assets +€4,765
up €4,765 (+114.7%), from €4,155 to €8,920
of which Other tangible fixed assets: +€5,687
- Profit (loss) carried forward -€399,649
no longer reported in 2025 (was €399,649)
- Other debts +€73,505
up €73,505 (+457.2%), from €16,078 to €89,583
- Tax, wage and social debts +€10,553
up €10,553 (+121.5%), from €8,687 to €19,240
- Purchases and services +€17,229
up €17,229 (+13.8%), from €124,622 to €141,852
- Gross operating margin -€12,677
down €12,677 (-12.2%), from €104,253 to €91,576
- Turnover +€4,553
up €4,553 (+2.0%), from €228,875 to €233,427
- Taxes -€4,347
down €4,347 (-18.5%), from €23,505 to €19,158
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 | €446,606 | €131,836 | -€314,770 | -70.5% |
| Fixed assets | 21/28 | €4,155 | €8,920 | +€4,765 | +114.7% |
| Tangible fixed assets | 22/27 | €4,155 | €8,920 | +€4,765 | +114.7% |
| Plant, machinery and equipment | 23 | €4,155 | €3,233 | -€922 | -22.2% |
| Other tangible fixed assets | 26 | - | €5,687 | +€5,687 | |
| Current assets | 29/58 | €442,451 | €122,916 | -€319,536 | -72.2% |
| Amounts receivable within one year | 40/41 | €30,287 | €19,478 | -€10,809 | -35.7% |
| Trade receivables | 40 | €25,041 | €19,336 | -€5,705 | -22.8% |
| Other amounts receivable | 41 | €5,246 | €143 | -€5,103 | -97.3% |
| Cash at bank and in hand | 54/58 | €410,564 | €101,816 | -€308,748 | -75.2% |
| Deferred charges and accrued income | 490/1 | €1,600 | €1,622 | +€21 | +1.3% |
| Total equity and liabilities | 10/49 | €446,606 | €131,836 | -€314,770 | -70.5% |
| Equity | 10/15 | €420,109 | €20,460 | -€399,649 | -95.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €399,649 | - | -€399,649 | |
| Amounts payable | 17/49 | €26,497 | €111,376 | +€84,878 | +320.3% |
| Amounts payable within one year | 42/48 | €26,497 | €111,376 | +€84,878 | +320.3% |
| Trade debts | 44 | €1,733 | €2,553 | +€820 | +47.3% |
| Suppliers | 440/4 | €1,733 | €2,553 | +€820 | +47.3% |
| Taxes, remuneration and social security | 45 | €8,687 | €19,240 | +€10,553 | +121.5% |
| Taxes | 450/3 | €8,687 | €19,240 | +€10,553 | +121.5% |
| Other amounts payable | 47/48 | €16,078 | €89,583 | +€73,505 | +457.2% |
| Turnover | 70 | €228,875 | €233,427 | +€4,553 | +2.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €124,622 | €141,852 | +€17,229 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €456 | €1,223 | +€767 | +168.2% |
| Other operating charges | 640/8 | €1,239 | €1,797 | +€558 | +45.0% |
| Gross operating margin | 9900 | €104,253 | €91,576 | -€12,677 | -12.2% |
| Operating profit (loss) | 9901 | €102,557 | €88,556 | -€14,002 | -13.7% |
| Financial charges | 65/66B | €234 | €2,055 | +€1,821 | +778.6% |
| Recurring financial charges | 65 | €234 | €2,055 | +€1,821 | +778.6% |
| Profit (loss) for the period before taxes | 9903 | €102,323 | €86,501 | -€15,823 | -15.5% |
| Income taxes | 67/77 | €23,505 | €19,158 | -€4,347 | -18.5% |
| Profit (loss) for the period | 9904 | €78,818 | €67,342 | -€11,476 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €78,818 | €67,342 | -€11,476 | -14.6% |
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 3 October 2026 via checked.be.