XPMC: 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.
XPMC
Largest movements
- Cash -€58,581
down €58,581 (-72.6%), from €80,720 to €22,139
- Tangible fixed assets -€10,201
down €10,201 (-65.2%), from €15,650 to €5,449
- Receivables within one year +€9,516
new in 2025: €9,516
of which Other amounts receivable: +€5,827
- Deferred charges and accrued income +€1,223
new in 2025: €1,223
- Profit (loss) carried forward -€30,928
down €30,928 (-64.0%), from €48,358 to €17,430
- Debts within one year -€18,874
down €18,874 (-47.6%), from €39,671 to €20,797
of which Trade debts: -€9,560
- Debts after one year -€8,241
no longer reported in 2025 (was €8,241)
- Gross operating margin -€58,876
down €58,876 (-78.6%), from €74,947 to €16,071
- Taxes -€9,601
down €9,601 (-65.8%), from €14,581 to €4,980
- Depreciation -€8,690
down €8,690 (-89.3%), from €9,728 to €1,038
- Other operating charges +€1,059
new in 2025: €1,059
From the 2019 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2019 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,370 | €38,327 | -€58,043 | -60.2% |
| Fixed assets | 21/28 | €15,650 | €5,449 | -€10,201 | -65.2% |
| Tangible fixed assets | 22/27 | €15,650 | €5,449 | -€10,201 | -65.2% |
| Plant, machinery and equipment | 23 | - | €5,449 | +€5,449 | |
| Current assets | 29/58 | €80,720 | €32,878 | -€47,842 | -59.3% |
| Amounts receivable within one year | 40/41 | - | €9,516 | +€9,516 | |
| Trade receivables | 40 | - | €3,689 | +€3,689 | |
| Other amounts receivable | 41 | - | €5,827 | +€5,827 | |
| Cash at bank and in hand | 54/58 | €80,720 | €22,139 | -€58,581 | -72.6% |
| Deferred charges and accrued income | 490/1 | - | €1,223 | +€1,223 | |
| Total equity and liabilities | 10/49 | €96,370 | €38,327 | -€58,043 | -60.2% |
| Equity | 10/15 | €48,458 | €17,530 | -€30,928 | -63.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,358 | €17,430 | -€30,928 | -64.0% |
| Amounts payable | 17/49 | €47,912 | €20,797 | -€27,115 | -56.6% |
| Amounts payable after more than one year | 17 | €8,241 | - | -€8,241 | |
| Amounts payable within one year | 42/48 | €39,671 | €20,797 | -€18,874 | -47.6% |
| Trade debts | 44 | €10,212 | €652 | -€9,560 | -93.6% |
| Suppliers | 440/4 | - | €652 | +€652 | |
| Taxes, remuneration and social security | 45 | - | €9,795 | +€9,795 | |
| Taxes | 450/3 | - | €9,795 | +€9,795 | |
| Other amounts payable | 47/48 | - | €10,350 | +€10,350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,728 | €1,038 | -€8,690 | -89.3% |
| Other operating charges | 640/8 | - | €1,059 | +€1,059 | |
| Gross operating margin | 9900 | €74,947 | €16,071 | -€58,876 | -78.6% |
| Operating profit (loss) | 9901 | €63,554 | €13,974 | -€49,580 | -78.0% |
| Financial income | 75/76B | - | €235 | +€235 | |
| Recurring financial income | 75 | €120 | €235 | +€115 | +96.0% |
| Financial charges | 65/66B | - | €225 | +€225 | |
| Recurring financial charges | 65 | €734 | €225 | -€509 | -69.4% |
| Profit (loss) for the period before taxes | 9903 | €62,940 | €13,984 | -€48,956 | -77.8% |
| Income taxes | 67/77 | €14,581 | €4,980 | -€9,601 | -65.8% |
| Profit (loss) for the period | 9904 | €48,358 | €9,004 | -€39,355 | -81.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,358 | €9,004 | -€39,355 | -81.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 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.