XTRACT: 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.
XTRACT
Largest movements
- Deferred charges and accrued income +€454,099
new in 2025: €454,099
- Cash -€106,693
down €106,693 (-94.1%), from €113,370 to €6,676
- Receivables within one year -€43,561
down €43,561 (-80.2%), from €54,303 to €10,742
of which Other amounts receivable: -€36,449
- Stocks and contracts +€20,675
up €20,675 (+53.5%), from €38,620 to €59,294
- Contributions +€1.0m
up €1.0m (+20000.0%), from €5,000 to €1.0m
- Profit (loss) carried forward -€410,928
down €410,928 (-47.5%), from -€864,902 to -€1.3m
- Debts after one year -€215,000
down €215,000 (-21.5%), from €1.0m to €785,000
- Accrued charges and deferred income -€41,569
down €41,569 (-86.6%), from €48,007 to €6,438
- Trade debts -€11,801
down €11,801 (-87.0%), from €13,561 to €1,760
- Gross operating margin +€677,853
up €677,853 (+90.6%), from -€748,344 to -€70,491
- Staff costs -€100,839
down €100,839 (-99.9%), from €100,913 to €74
- Write-downs +€22,514
new in 2025: €22,514
From the 2023 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 | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €208,385 | €532,424 | +€324,039 | +155.5% |
| Fixed assets | 21/28 | €2,093 | €1,613 | -€480 | -22.9% |
| Intangible fixed assets | 21 | €2,093 | €1,613 | -€480 | -22.9% |
| Current assets | 29/58 | €206,292 | €530,811 | +€324,519 | +157.3% |
| Stocks and contracts in progress | 3 | €38,620 | €59,294 | +€20,675 | +53.5% |
| Stocks | 30/36 | €38,620 | €59,294 | +€20,675 | +53.5% |
| Amounts receivable within one year | 40/41 | €54,303 | €10,742 | -€43,561 | -80.2% |
| Trade receivables | 40 | €15,074 | €7,961 | -€7,113 | -47.2% |
| Other amounts receivable | 41 | €39,229 | €2,780 | -€36,449 | -92.9% |
| Cash at bank and in hand | 54/58 | €113,370 | €6,676 | -€106,693 | -94.1% |
| Deferred charges and accrued income | 490/1 | - | €454,099 | +€454,099 | |
| Total equity and liabilities | 10/49 | €208,385 | €532,424 | +€324,039 | +155.5% |
| Equity | 10/15 | -€859,902 | -€270,830 | +€589,072 | +68.5% |
| Contributions | 10/11 | €5,000 | €1,005,000 | +€1.0m | +20000.0% |
| Profit (loss) carried forward | 14 | -€864,902 | -€1,275,830 | -€410,928 | -47.5% |
| Amounts payable | 17/49 | €1,068,287 | €803,254 | -€265,033 | -24.8% |
| Amounts payable after more than one year | 17 | €1,000,000 | €785,000 | -€215,000 | -21.5% |
| Other amounts payable | 178/9 | €1,000,000 | €785,000 | -€215,000 | -21.5% |
| Amounts payable within one year | 42/48 | €20,280 | €11,816 | -€8,464 | -41.7% |
| Trade debts | 44 | €13,561 | €1,760 | -€11,801 | -87.0% |
| Suppliers | 440/4 | €13,561 | €1,760 | -€11,801 | -87.0% |
| Taxes, remuneration and social security | 45 | €6,719 | €10,056 | +€3,337 | +49.7% |
| Taxes | 450/3 | €6,719 | €10,056 | +€3,337 | +49.7% |
| Accrued charges and deferred income | 492/3 | €48,007 | €6,438 | -€41,569 | -86.6% |
| Remuneration, social security and pensions | 62 | €100,913 | €74 | -€100,839 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €307 | €240 | -€67 | -21.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €22,514 | +€22,514 | |
| Other operating charges | 640/8 | €15,251 | €15,965 | +€715 | +4.7% |
| Non-recurring operating charges | 66A | - | €2,083 | +€2,083 | |
| Gross operating margin | 9900 | -€748,344 | -€70,491 | +€677,853 | +90.6% |
| Operating profit (loss) | 9901 | -€864,814 | -€111,367 | +€753,447 | +87.1% |
| Financial income | 75/76B | €19 | - | -€19 | |
| Recurring financial income | 75 | €19 | - | -€19 | |
| Financial charges | 65/66B | €106 | €497 | +€391 | +367.4% |
| Recurring financial charges | 65 | €106 | €497 | +€391 | +367.4% |
| Profit (loss) for the period before taxes | 9903 | -€864,902 | -€111,864 | +€753,038 | +87.1% |
| Profit (loss) for the period | 9904 | -€864,902 | -€111,864 | +€753,038 | +87.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€864,902 | -€111,864 | +€753,038 | +87.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.