X-Fab Silicon Foundries: 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
X-Fab Silicon Foundries
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€40.3m
2024 · €18.7m-€59.0m
Equity
€1.13bn
2024 · €1.17bn-€40.3m
Cash
€43.1m
2024 · €19.3m+€23.8m
Balance sheet total
€1.16bn
2024 · €1.20bn-€38.5m
Largest movements
Assets
- Financial fixed assets -€44.9m
down €44.9m (-3.9%), from €1.14bn to €1.09bn
- Cash +€23.8m
up €23.8m (+124%), from €19.3m to €43.1m
mainly Investment in fixed assets (net) (+€45.4m) and Short-term financial debts (+€25.0m)
- Receivables within one year -€17.0m
down €17.0m (-46.0%), from €37.0m to €20.0m
of which Other amounts receivable: -€17.0m
Equity and liabilities
- Profit (loss) carried forward -€40.3m
down €40.3m (-10.2%), from €394.0m to €353.7m
- Short-term financial debts +€25.0m
up €25.0m (+382%), from €6.5m to €31.5m
- Other debts -€23.0m
down €23.0m (-98.0%), from €23.4m to €478,539
Income statement
- Financial charges +€65.0m
up €65.0m (+29,350%), from €221,538 to €65.2m
of which Non-recurring financial charges: +€59.3m
- Turnover -€16.4m
down €16.4m (-82.0%), from €20.0m to €3.6m
- Services and other goods -€16.3m
down €16.3m (-85.3%), from €19.2m to €2.8m
- Financial income +€5.8m
up €5.8m (+31.2%), from €18.6m to €24.4m
- Taxes -€318,877
down €318,877 (-91.3%), from €349,123 to €30,247
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
€18.7m
Turnover
-€16.4m
Other operating income
-€8,023
Services and other goods
+€16.3m
Staff costs
-€21,940
Depreciation
+€3,228
Other operating charges
+€17
Other operating items
-€4,881
Financial income
+€5.8m
Financial charges
-€65.0m
Taxes
+€318,877
Result 2025
-€40.3m
raises the resultlowers the resultnot broken down further in the accounts
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
-€46.5m
Investment
+€45.4m
Financing
+€25.0m
Cash 2024
€19.3m
From operations (derived)
-€46.5m
Net result for the year
-€40.3m
Depreciation
+€5,972
Receivables within one year
+€17.0m
Smaller working-capital items
-€41,627
Trade debts
-€187,970
Other debts
-€23.0m
Investment (derived)
+€45.4m
Investment in fixed assets (net)
+€45.4m
Financing
+€25.0m
Short-term financial debts
+€25.0m
Cash 2025
€43.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,196,267,073 | €1,157,789,299 | -€38.5m | -3.2% |
| Formation expenses | 20 | €2,157,331 | €1,682,234 | -€475,096 | -22.0% |
| Fixed assets | 21/28 | €1,137,777,889 | €1,092,876,756 | -€44.9m | -3.9% |
| Tangible fixed assets | 22/27 | €27,869 | €21,897 | -€5,972 | -21.4% |
| Furniture and vehicles | 24 | €27,869 | €21,897 | -€5,972 | -21.4% |
| Financial fixed assets | 28 | €1,137,750,021 | €1,092,854,859 | -€44.9m | -3.9% |
| Affiliated companies | 280/1 | €1,137,750,021 | €1,092,854,859 | -€44.9m | -3.9% |
| Participating interests | 280 | €1,137,750,021 | €1,092,854,859 | -€44.9m | -3.9% |
| Current assets | 29/58 | €56,331,853 | €63,230,309 | +€6.9m | +12.2% |
| Amounts receivable within one year | 40/41 | €36,970,133 | €19,973,427 | -€17.0m | -46.0% |
| Trade receivables | 40 | €18,846 | €31,284 | +€12,438 | +66.0% |
| Other amounts receivable | 41 | €36,951,288 | €19,942,142 | -€17.0m | -46.0% |
| Cash at bank and in hand | 54/58 | €19,295,815 | €43,130,405 | +€23.8m | +124% |
| Deferred charges and accrued income | 490/1 | €65,904 | €126,477 | +€60,573 | +91.9% |
| Total equity and liabilities | 10/49 | €1,196,267,073 | €1,157,789,299 | -€38.5m | -3.2% |
| Equity | 10/15 | €1,165,687,563 | €1,125,360,252 | -€40.3m | -3.5% |
| Contributions | 10/11 | €750,358,943 | €750,358,943 | = | 0.0% |
| Capital | 10 | €657,456,851 | €657,456,851 | = | 0.0% |
| Issued capital | 100 | €657,456,851 | €657,456,851 | = | 0.0% |
| Contributions outside capital | 11 | €92,902,092 | €92,902,092 | = | 0.0% |
| Share premium | 1100/10 | €92,902,092 | €92,902,092 | = | 0.0% |
| Reserves | 13 | €21,336,948 | €21,336,948 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,336,948 | €21,336,948 | = | 0.0% |
| Legal reserve | 130 | €20,775,393 | €20,775,393 | = | 0.0% |
| Own shares acquired | 1312 | €561,555 | €561,555 | = | 0.0% |
| Profit (loss) carried forward | 14 | €393,991,672 | €353,664,361 | -€40.3m | -10.2% |
| Amounts payable | 17/49 | €30,579,510 | €32,429,048 | +€1.8m | +6.0% |
| Amounts payable within one year | 42/48 | €30,579,510 | €32,429,048 | +€1.8m | +6.0% |
| Financial debts | 43 | €6,535,054 | €31,518,157 | +€25.0m | +382% |
| Credit institutions | 430/8 | €6,535,054 | €31,518,157 | +€25.0m | +382% |
| Trade debts | 44 | €499,531 | €311,561 | -€187,970 | -37.6% |
| Suppliers | 440/4 | €499,531 | €311,561 | -€187,970 | -37.6% |
| Taxes, remuneration and social security | 45 | €101,843 | €120,790 | +€18,946 | +18.6% |
| Remuneration and social security | 454/9 | €101,843 | €120,790 | +€18,946 | +18.6% |
| Other amounts payable | 47/48 | €23,443,081 | €478,539 | -€23.0m | -98.0% |
| Operating income | 70/76A | €20,073,688 | €3,650,254 | -€16.4m | -81.8% |
| Turnover | 70 | €20,019,291 | €3,608,761 | -€16.4m | -82.0% |
| Other operating income | 74 | €49,515 | €41,493 | -€8,023 | -16.2% |
| Non-recurring operating income | 76A | €4,881 | - | -€4,881 | |
| Operating charges | 60/66A | €19,458,593 | €3,133,180 | -€16.3m | -83.9% |
| Services and other goods | 61 | €19,158,498 | €2,814,389 | -€16.3m | -85.3% |
| Remuneration, social security and pensions | 62 | €290,707 | €312,648 | +€21,940 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,200 | €5,972 | -€3,228 | -35.1% |
| Other operating charges | 640/8 | €188 | €171 | -€17 | -8.9% |
| Operating profit (loss) | 9901 | €615,094 | €517,074 | -€98,020 | -15.9% |
| Financial income | 75/76B | €18,612,695 | €24,428,842 | +€5.8m | +31.2% |
| Recurring financial income | 75 | €18,612,695 | €24,428,842 | +€5.8m | +31.2% |
| Income from financial fixed assets | 750 | €15,510,434 | €24,329,004 | +€8.8m | +56.9% |
| Income from current assets | 751 | €1,019,553 | €99,838 | -€919,715 | -90.2% |
| Other financial income | 752/9 | €2,082,709 | - | -€2.1m | |
| Financial charges | 65/66B | €221,538 | €65,242,980 | +€65.0m | +29,350% |
| Recurring financial charges | 65 | €221,538 | €5,960,709 | +€5.7m | +2,591% |
| Debt charges | 650 | €221,538 | €1,639,063 | +€1.4m | +640% |
| Other financial charges | 652/9 | - | €4,321,646 | +€4.3m | |
| Non-recurring financial charges | 66B | - | €59,282,271 | +€59.3m | |
| Profit (loss) for the period before taxes | 9903 | €19,006,252 | -€40,297,064 | -€59.3m | |
| Income taxes | 67/77 | €349,123 | €30,247 | -€318,877 | -91.3% |
| Taxes | 670/3 | €349,123 | €30,247 | -€318,877 | -91.3% |
| Profit (loss) for the period | 9904 | €18,657,128 | -€40,327,311 | -€59.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €18,657,128 | -€40,327,311 | -€59.0m |
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 26 October 2026 via checked.be.