XTEND: 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.
XTEND
Largest movements
- Receivables after one year -€1.5m
down €1.5m (-51.5%), from €3.0m to €1.4m
- Cash +€877,888
up €877,888 (+573%), from €153,205 to €1.0m
mainly Receivables after one year (+€1.5m) and Receivables within one year (+€631,764)
- Receivables within one year -€631,764
down €631,764 (-31.1%), from €2.0m to €1.4m
of which Other amounts receivable: -€629,138
- Other debts -€1.6m
down €1.6m (-52.4%), from €3.0m to €1.4m
- Reserves +€590,613
up €590,613 (+10.5%), from €5.6m to €6.2m
of which Distributable reserves: +€295,913
- Financial income -€1.4m
down €1.4m (-91.6%), from €1.6m to €132,042
- Other operating charges +€523,218
up €523,218 (+37,826%), from €1,383 to €524,601
- Gross operating margin +€421,194
up €421,194 (+55.6%), from €757,397 to €1.2m
- Taxes +€25,309
up €25,309 (+15.0%), from €169,171 to €194,480
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.
Derived cash bridge
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 | €15,340,887 | €14,136,051 | -€1.2m | -7.9% |
| Fixed assets | 21/28 | €10,202,313 | €10,242,313 | +€40,000 | +0.4% |
| Financial fixed assets | 28 | €10,202,313 | €10,242,313 | +€40,000 | +0.4% |
| Current assets | 29/58 | €5,138,574 | €3,893,739 | -€1.2m | -24.2% |
| Amounts receivable after more than one year | 29 | €2,955,250 | €1,433,041 | -€1.5m | -51.5% |
| Other amounts receivable | 291 | €2,955,250 | €1,433,041 | -€1.5m | -51.5% |
| Amounts receivable within one year | 40/41 | €2,030,120 | €1,398,356 | -€631,764 | -31.1% |
| Trade receivables | 40 | €1,228,931 | €1,226,306 | -€2,625 | -0.2% |
| Other amounts receivable | 41 | €801,188 | €172,050 | -€629,138 | -78.5% |
| Cash at bank and in hand | 54/58 | €153,205 | €1,031,092 | +€877,888 | +573% |
| Deferred charges and accrued income | 490/1 | - | €31,250 | +€31,250 | |
| Total equity and liabilities | 10/49 | €15,340,887 | €14,136,051 | -€1.2m | -7.9% |
| Equity | 10/15 | €11,586,603 | €12,177,216 | +€590,613 | +5.1% |
| Contributions | 10/11 | €5,970,063 | €5,970,063 | = | 0.0% |
| Capital | 10 | €5,970,063 | €5,970,063 | = | 0.0% |
| Issued capital | 100 | €5,970,063 | €5,970,063 | = | 0.0% |
| Reserves | 13 | €5,616,540 | €6,207,153 | +€590,613 | +10.5% |
| Non-distributable reserves | 130/1 | €597,006 | €597,006 | = | 0.0% |
| Legal reserve | 130 | €597,006 | €597,006 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €294,700 | +€294,700 | |
| Distributable reserves | 133 | €5,019,534 | €5,315,447 | +€295,913 | +5.9% |
| Amounts payable | 17/49 | €3,754,284 | €1,958,836 | -€1.8m | -47.8% |
| Amounts payable within one year | 42/48 | €3,754,284 | €1,958,836 | -€1.8m | -47.8% |
| Current portion of amounts payable after more than one year | 42 | €72,996 | - | -€72,996 | |
| Trade debts | 44 | €540,277 | €524,175 | -€16,102 | -3.0% |
| Suppliers | 440/4 | €540,277 | €524,175 | -€16,102 | -3.0% |
| Taxes, remuneration and social security | 45 | €137,482 | €6,131 | -€131,351 | -95.5% |
| Taxes | 450/3 | €137,482 | €6,131 | -€131,351 | -95.5% |
| Other amounts payable | 47/48 | €3,003,528 | €1,428,530 | -€1.6m | -52.4% |
| Other operating charges | 640/8 | €1,383 | €524,601 | +€523,218 | +37,826% |
| Gross operating margin | 9900 | €757,397 | €1,178,591 | +€421,194 | +55.6% |
| Operating profit (loss) | 9901 | €756,014 | €653,990 | -€102,024 | -13.5% |
| Financial income | 75/76B | €1,580,352 | €132,042 | -€1.4m | -91.6% |
| Recurring financial income | 75 | €1,580,352 | €132,042 | -€1.4m | -91.6% |
| Financial charges | 65/66B | €5,932 | €939 | -€4,992 | -84.2% |
| Recurring financial charges | 65 | €5,932 | €939 | -€4,992 | -84.2% |
| Profit (loss) for the period before taxes | 9903 | €2,330,434 | €785,093 | -€1.5m | -66.3% |
| Income taxes | 67/77 | €169,171 | €194,480 | +€25,309 | +15.0% |
| Profit (loss) for the period | 9904 | €2,161,263 | €590,613 | -€1.6m | -72.7% |
| Transfer to tax-exempt reserves | 689 | - | €294,700 | +€294,700 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,161,263 | €295,913 | -€1.9m | -86.3% |
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 20 October 2026 via checked.be.