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XTISSIMO: 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.

What changed

XTISSIMO

BE 0435.634.225
NACE 47.770, Retail sale of watches and jewellery
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3,313
2024 · €10,417-€7,104
Equity
-€205,922
2024 · -€209,235+€3,313
Cash
€9,436
2024 · €18,137-€8,701
Balance sheet total
€103,721
2024 · €105,298-€1,577

Largest movements

2024 to 2025
Assets
  • Cash -€8,701

    down €8,701 (-48.0%), from €18,137 to €9,436

    mainly Stocks and contracts (-€6,469) and Trade debts (-€4,291)

  • Stocks and contracts +€6,469

    up €6,469 (+7.9%), from €82,232 to €88,701

  • Receivables within one year -€3,275

    down €3,275 (-71.4%), from €4,587 to €1,312

    of which Trade receivables: -€3,275

  • Deferred charges and accrued income +€3,014

    up €3,014 (+881.0%), from €342 to €3,356

Equity and liabilities
  • Trade debts -€4,291

    down €4,291 (-31.5%), from €13,612 to €9,321

  • Profit (loss) carried forward +€3,313

    up €3,313 (+1.4%), from -€231,049 to -€227,736

Income statement
  • Gross operating margin -€6,799

    down €6,799 (-61.0%), from €11,149 to €4,350

  • Depreciation +€173

    up €173 (+154.8%), from €112 to €284

  • Financial charges +€132

    up €132 (+20.3%), from €650 to €782

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €10,417
Gross operating margin -€6,799
Depreciation -€173
Financial income -€1
Financial charges -€132
Taxes +€0
Result 2025 €3,313

Cash bridge derived

cash 2024 to 2025

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.

From operations -€7,500
Investment -€1,201
Financing €0
Cash 2024 €18,137
Net result for the year +€3,313
Depreciation +€284
Stocks and contracts -€6,469
Receivables within one year +€3,275
Deferred charges and accrued income -€3,014
Trade debts -€4,291
Tax, wage and social debts -€150
Other debts -€449
Investment in fixed assets (net) -€1,201
Cash 2025 €9,436
Every line side by side 42 lines
Line Code 2024 2025 Change %
Total assets 20/58 €105,298 €103,721 -€1,577 -1.5%
Fixed assets 21/28 - €916 +€916
Tangible fixed assets 22/27 - €916 +€916
Furniture and vehicles 24 - €916 +€916
Current assets 29/58 €105,298 €102,805 -€2,493 -2.4%
Stocks and contracts in progress 3 €82,232 €88,701 +€6,469 +7.9%
Stocks 30/36 €82,232 €88,701 +€6,469 +7.9%
Amounts receivable within one year 40/41 €4,587 €1,312 -€3,275 -71.4%
Trade receivables 40 €3,275 - -€3,275
Other amounts receivable 41 €1,312 €1,312 = 0.0%
Cash at bank and in hand 54/58 €18,137 €9,436 -€8,701 -48.0%
Deferred charges and accrued income 490/1 €342 €3,356 +€3,014 +881.0%
Total equity and liabilities 10/49 €105,298 €103,721 -€1,577 -1.5%
Equity 10/15 -€209,235 -€205,922 +€3,313 +1.6%
Contributions 10/11 €19,831 €19,831 = 0.0%
Outside capital 11 €19,831 €19,831 = 0.0%
Other 1109/19 €19,831 €19,831 = 0.0%
Reserves 13 €1,983 €1,983 = 0.0%
Non-distributable reserves 130/1 €1,983 €1,983 = 0.0%
Reserves not available under the articles 1311 €1,983 €1,983 = 0.0%
Profit (loss) carried forward 14 -€231,049 -€227,736 +€3,313 +1.4%
Amounts payable 17/49 €314,533 €309,643 -€4,890 -1.6%
Amounts payable within one year 42/48 €314,533 €309,643 -€4,890 -1.6%
Trade debts 44 €13,612 €9,321 -€4,291 -31.5%
Suppliers 440/4 €13,612 €9,321 -€4,291 -31.5%
Taxes, remuneration and social security 45 €12,639 €12,488 -€150 -1.2%
Taxes 450/3 €461 €311 -€150 -32.6%
Remuneration and social security 454/9 €12,178 €12,178 = 0.0%
Other amounts payable 47/48 €288,282 €287,833 -€449 -0.2%
Non-recurring operating income 76A €1 €20 +€19 +1900.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €112 €284 +€173 +154.8%
Non-recurring operating charges 66A €1 €1 -€0 -40.0%
Gross operating margin 9900 €11,149 €4,350 -€6,799 -61.0%
Operating profit (loss) 9901 €11,036 €4,065 -€6,971 -63.2%
Financial income 75/76B €37 €36 -€1 -3.1%
Recurring financial income 75 €37 €36 -€1 -3.1%
Financial charges 65/66B €650 €782 +€132 +20.3%
Recurring financial charges 65 €650 €782 +€132 +20.3%
Profit (loss) for the period before taxes 9903 €10,422 €3,319 -€7,104 -68.2%
Income taxes 67/77 €6 €6 -€0 -4.3%
Profit (loss) for the period 9904 €10,417 €3,313 -€7,104 -68.2%
Profit (loss) for the period to be appropriated 9905 €10,417 €3,313 -€7,104 -68.2%

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 29 September 2026 via checked.be.