XVISION: 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.
XVISION
Largest movements
- Receivables within one year -€4,507
down €4,507 (-46.4%), from €9,706 to €5,198
of which Trade receivables: -€4,101
- Intangible fixed assets -€2,624
down €2,624 (-54.6%), from €4,802 to €2,178
- Cash +€1,156
up €1,156 (+37.2%), from €3,110 to €4,266
mainly Net result for the year (+€17,334) and Receivables within one year (+€4,507)
- Profit (loss) carried forward +€17,334
up €17,334 (+34.1%), from -€50,847 to -€33,514
- Other debts -€17,017
down €17,017 (-97.9%), from €17,377 to €360
- Debts after one year -€5,000
down €5,000 (-44.8%), from €11,167 to €6,167
- Trade debts -€1,569
down €1,569 (-57.4%), from €2,735 to €1,166
- Tax, wage and social debts -€387
down €387 (-89.9%), from €431 to €43
- Gross operating margin +€9,617
up €9,617 (+59.5%), from €16,152 to €25,769
- Financial charges +€2,262
up €2,262 (+75.2%), from €3,009 to €5,271
- Other operating charges -€2,239
down €2,239 (-82.8%), from €2,704 to €465
- Write-downs -€650
no longer reported in 2025 (was €650)
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 | €30,862 | €24,491 | -€6,370 | -20.6% |
| Fixed assets | 21/28 | €5,378 | €2,554 | -€2,824 | -52.5% |
| Intangible fixed assets | 21 | €4,802 | €2,178 | -€2,624 | -54.6% |
| Tangible fixed assets | 22/27 | €576 | €376 | -€200 | -34.7% |
| Plant, machinery and equipment | 23 | €576 | €376 | -€200 | -34.7% |
| Current assets | 29/58 | €25,484 | €21,937 | -€3,547 | -13.9% |
| Stocks and contracts in progress | 3 | €12,548 | €12,265 | -€283 | -2.3% |
| Stocks | 30/36 | €12,548 | €12,265 | -€283 | -2.3% |
| Amounts receivable within one year | 40/41 | €9,706 | €5,198 | -€4,507 | -46.4% |
| Trade receivables | 40 | €8,890 | €4,789 | -€4,101 | -46.1% |
| Other amounts receivable | 41 | €816 | €410 | -€407 | -49.8% |
| Cash at bank and in hand | 54/58 | €3,110 | €4,266 | +€1,156 | +37.2% |
| Deferred charges and accrued income | 490/1 | €120 | €207 | +€87 | +72.9% |
| Total equity and liabilities | 10/49 | €30,862 | €24,491 | -€6,370 | -20.6% |
| Equity | 10/15 | -€5,847 | €11,486 | +€17,334 | |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,847 | -€33,514 | +€17,334 | +34.1% |
| Amounts payable | 17/49 | €36,709 | €13,005 | -€23,704 | -64.6% |
| Amounts payable after more than one year | 17 | €11,167 | €6,167 | -€5,000 | -44.8% |
| Financial debts | 170/4 | €11,167 | €6,167 | -€5,000 | -44.8% |
| Amounts payable within one year | 42/48 | €25,542 | €6,569 | -€18,974 | -74.3% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €2,735 | €1,166 | -€1,569 | -57.4% |
| Suppliers | 440/4 | €2,735 | €1,166 | -€1,569 | -57.4% |
| Taxes, remuneration and social security | 45 | €431 | €43 | -€387 | -89.9% |
| Taxes | 450/3 | €431 | €43 | -€387 | -89.9% |
| Other amounts payable | 47/48 | €17,377 | €360 | -€17,017 | -97.9% |
| Accrued charges and deferred income | 492/3 | - | €270 | +€270 | |
| Non-recurring operating income | 76A | - | €15,290 | +€15,290 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,824 | €2,824 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €650 | - | -€650 | |
| Other operating charges | 640/8 | €2,704 | €465 | -€2,239 | -82.8% |
| Gross operating margin | 9900 | €16,152 | €25,769 | +€9,617 | +59.5% |
| Operating profit (loss) | 9901 | €9,974 | €22,480 | +€12,506 | +125% |
| Financial income | 75/76B | €108 | €125 | +€17 | +15.8% |
| Recurring financial income | 75 | €108 | €125 | +€17 | +15.8% |
| Financial charges | 65/66B | €3,009 | €5,271 | +€2,262 | +75.2% |
| Recurring financial charges | 65 | €3,009 | €5,271 | +€2,262 | +75.2% |
| Profit (loss) for the period before taxes | 9903 | €7,073 | €17,334 | +€10,261 | +145% |
| Income taxes | 67/77 | €2 | - | -€2 | |
| Profit (loss) for the period | 9904 | €7,070 | €17,334 | +€10,263 | +145% |
| Profit (loss) for the period to be appropriated | 9905 | €7,070 | €17,334 | +€10,263 | +145% |
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 28 October 2026 via checked.be.