2XU GROUP: 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.
What changed
2XU GROUP
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€87,147
2024 · €3.9m-€3.8m
Equity
€6.7m
2024 · €6.7m+€87,147
Cash
€8,932
2024 · €68,285-€59,353
Balance sheet total
€13.8m
2024 · €12.1m+€1.7m
Largest movements
Assets
- Financial fixed assets +€1.5m
up €1.5m (+12.9%), from €11.4m to €12.9m
- Receivables after one year +€558,000
new in 2025: €558,000
- Receivables within one year -€266,928
down €266,928 (-50.3%), from €530,812 to €263,884
of which Other amounts receivable: -€292,714
Equity and liabilities
- Other debts +€1.8m
up €1.8m (+54.8%), from €3.3m to €5.1m
Income statement
- Gross operating margin -€4.1m
down €4.1m, from €4.0m to -€141,976
- Financial income +€266,717
up €266,717 (+785%), from €33,997 to €300,714
- Financial charges -€49,719
down €49,719 (-47.4%), from €104,804 to €55,085
of which Non-recurring financial charges: -€75,000
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.
Result 2024
€3.9m
Gross operating margin
-€4.1m
Staff costs
+€8,214
Depreciation
-€1,732
Other operating charges
+€1,021
Financial income
+€266,717
Financial charges
+€49,719
Taxes
+€4,956
Result 2025
€87,147
raises the resultlowers the result
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.
From operations
+€1.6m
Investment
-€1.5m
Financing
-€117,712
Cash 2024
€68,285
From operations (derived)
+€1.6m
Net result for the year
+€87,147
Depreciation
+€5,623
Receivables after one year
-€558,000
Receivables within one year
+€266,928
Smaller working-capital items
-€4,182
Trade debts
-€54,104
Other debts
+€1.8m
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.5m
Financing
-€117,712
Debts after one year
-€110,252
Current portion of long-term debt
-€7,460
Cash 2025
€8,932
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,051,596 | €13,781,898 | +€1.7m | +14.4% |
| Fixed assets | 21/28 | €11,452,117 | €12,950,648 | +€1.5m | +13.1% |
| Tangible fixed assets | 22/27 | €12,693 | €29,825 | +€17,132 | +135% |
| Plant, machinery and equipment | 23 | €407 | €128 | -€280 | -68.7% |
| Furniture and vehicles | 24 | €12,285 | €29,697 | +€17,412 | +142% |
| Financial fixed assets | 28 | €11,439,424 | €12,920,823 | +€1.5m | +12.9% |
| Current assets | 29/58 | €599,480 | €831,251 | +€231,771 | +38.7% |
| Amounts receivable after more than one year | 29 | - | €558,000 | +€558,000 | |
| Other amounts receivable | 291 | - | €558,000 | +€558,000 | |
| Amounts receivable within one year | 40/41 | €530,812 | €263,884 | -€266,928 | -50.3% |
| Trade receivables | 40 | €2,391 | €28,177 | +€25,786 | +1,079% |
| Other amounts receivable | 41 | €528,422 | €235,708 | -€292,714 | -55.4% |
| Cash at bank and in hand | 54/58 | €68,285 | €8,932 | -€59,353 | -86.9% |
| Deferred charges and accrued income | 490/1 | €383 | €435 | +€52 | +13.6% |
| Total equity and liabilities | 10/49 | €12,051,596 | €13,781,898 | +€1.7m | +14.4% |
| Equity | 10/15 | €6,660,108 | €6,747,255 | +€87,147 | +1.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,000,000 | €6,000,000 | = | 0.0% |
| Distributable reserves | 133 | €6,000,000 | €6,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €655,108 | €742,255 | +€87,147 | +13.3% |
| Amounts payable | 17/49 | €5,391,488 | €7,034,643 | +€1.6m | +30.5% |
| Amounts payable after more than one year | 17 | €1,882,288 | €1,772,036 | -€110,252 | -5.9% |
| Financial debts | 170/4 | €1,882,288 | €1,772,036 | -€110,252 | -5.9% |
| Amounts payable within one year | 42/48 | €3,509,200 | €5,262,607 | +€1.8m | +50.0% |
| Current portion of amounts payable after more than one year | 42 | €117,712 | €110,252 | -€7,460 | -6.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €64,551 | €10,447 | -€54,104 | -83.8% |
| Suppliers | 440/4 | €64,551 | €10,447 | -€54,104 | -83.8% |
| Taxes, remuneration and social security | 45 | €6,466 | €2,336 | -€4,130 | -63.9% |
| Taxes | 450/3 | €4,706 | €2,336 | -€2,371 | -50.4% |
| Remuneration and social security | 454/9 | €1,760 | €0 | -€1,760 | -100% |
| Other amounts payable | 47/48 | €3,320,471 | €5,139,572 | +€1.8m | +54.8% |
| Non-recurring operating income | 76A | €4,126,133 | €0 | -€4.1m | -100% |
| Remuneration, social security and pensions | 62 | €16,713 | €8,499 | -€8,214 | -49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,891 | €5,623 | +€1,732 | +44.5% |
| Other operating charges | 640/8 | €2,975 | €1,954 | -€1,021 | -34.3% |
| Gross operating margin | 9900 | €3,997,854 | -€141,976 | -€4.1m | |
| Operating profit (loss) | 9901 | €3,974,275 | -€158,052 | -€4.1m | |
| Financial income | 75/76B | €33,997 | €300,714 | +€266,717 | +785% |
| Recurring financial income | 75 | €33,997 | €300,714 | +€266,717 | +785% |
| Financial charges | 65/66B | €104,804 | €55,085 | -€49,719 | -47.4% |
| Recurring financial charges | 65 | €29,804 | €55,085 | +€25,281 | +84.8% |
| Non-recurring financial charges | 66B | €75,000 | €0 | -€75,000 | -100% |
| Profit (loss) for the period before taxes | 9903 | €3,903,467 | €87,577 | -€3.8m | -97.8% |
| Income taxes | 67/77 | €5,386 | €430 | -€4,956 | -92.0% |
| Profit (loss) for the period | 9904 | €3,898,081 | €87,147 | -€3.8m | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,898,081 | €87,147 | -€3.8m | -97.8% |
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 13 October 2026 via checked.be.