HX BY XELIS: 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.
HX BY XELIS
Largest movements
- Tangible fixed assets -€6,885
down €6,885 (-4.5%), from €151,597 to €144,712
- Profit (loss) carried forward -€38,077
down €38,077 (-52.4%), from -€72,723 to -€110,801
- Other debts +€35,265
up €35,265 (+1,860%), from €1,896 to €37,161
- Accrued charges and deferred income -€4,667
down €4,667 (-22.6%), from €20,667 to €16,000
- Trade debts +€1,819
up €1,819 (+12.0%), from €15,118 to €16,937
- Other operating charges -€21,733
down €21,733 (-60.1%), from €36,139 to €14,406
- Gross operating margin +€5,290
up €5,290 (+70.6%), from -€7,489 to -€2,199
- Financial charges -€4,567
down €4,567 (-22.1%), from €20,713 to €16,145
- Depreciation -€3,518
down €3,518 (-33.8%), from €10,403 to €6,885
- Financial income -€462
down €462 (-22.9%), from €2,019 to €1,557
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 | €179,957 | €174,297 | -€5,660 | -3.1% |
| Fixed assets | 21/28 | €151,597 | €144,712 | -€6,885 | -4.5% |
| Tangible fixed assets | 22/27 | €151,597 | €144,712 | -€6,885 | -4.5% |
| Land and buildings | 22 | €151,597 | €144,712 | -€6,885 | -4.5% |
| Current assets | 29/58 | €28,360 | €29,585 | +€1,225 | +4.3% |
| Amounts receivable within one year | 40/41 | €27,967 | €29,388 | +€1,421 | +5.1% |
| Trade receivables | 40 | - | €224 | +€224 | |
| Other amounts receivable | 41 | €27,967 | €29,164 | +€1,196 | +4.3% |
| Cash at bank and in hand | 54/58 | €329 | €197 | -€132 | -40.2% |
| Deferred charges and accrued income | 490/1 | €63 | €0 | -€63 | -100% |
| Total equity and liabilities | 10/49 | €179,957 | €174,297 | -€5,660 | -3.1% |
| Equity | 10/15 | -€57,723 | -€95,801 | -€38,077 | -66.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,723 | -€110,801 | -€38,077 | -52.4% |
| Amounts payable | 17/49 | €237,681 | €270,098 | +€32,418 | +13.6% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 170/4 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €17,014 | €54,098 | +€37,084 | +218% |
| Trade debts | 44 | €15,118 | €16,937 | +€1,819 | +12.0% |
| Suppliers | 440/4 | €15,118 | €16,937 | +€1,819 | +12.0% |
| Other amounts payable | 47/48 | €1,896 | €37,161 | +€35,265 | +1,860% |
| Accrued charges and deferred income | 492/3 | €20,667 | €16,000 | -€4,667 | -22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,403 | €6,885 | -€3,518 | -33.8% |
| Other operating charges | 640/8 | €36,139 | €14,406 | -€21,733 | -60.1% |
| Gross operating margin | 9900 | -€7,489 | -€2,199 | +€5,290 | +70.6% |
| Operating profit (loss) | 9901 | -€54,030 | -€23,489 | +€30,541 | +56.5% |
| Financial income | 75/76B | €2,019 | €1,557 | -€462 | -22.9% |
| Recurring financial income | 75 | €2,019 | €1,557 | -€462 | -22.9% |
| Financial charges | 65/66B | €20,713 | €16,145 | -€4,567 | -22.1% |
| Recurring financial charges | 65 | €20,713 | €16,145 | -€4,567 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€72,723 | -€38,077 | +€34,646 | +47.6% |
| Profit (loss) for the period | 9904 | -€72,723 | -€38,077 | +€34,646 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,723 | -€38,077 | +€34,646 | +47.6% |
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 1 November 2026 via checked.be.