X.I.A.: 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.
X.I.A.
Largest movements
- Receivables within one year +€15,955
up €15,955 (+1,156%), from €1,380 to €17,334
of which Trade receivables: +€17,255
- Cash +€13,207
up €13,207 (+67.7%), from €19,519 to €32,726
mainly Advances received (+€18,291) and Other debts (+€8,000)
- Stocks and contracts -€5,450
down €5,450 (-87.2%), from €6,250 to €800
- Deferred charges and accrued income +€1,473
up €1,473 (+196%), from €752 to €2,225
- Tangible fixed assets -€841
down €841 (-21.2%), from €3,967 to €3,126
of which Land and buildings: -€787
- Advances received +€18,291
new in 2025: €18,291
- Other debts +€8,000
up €8,000 (+132%), from €6,053 to €14,054
- Trade debts -€5,864
down €5,864 (-34.8%), from €16,847 to €10,982
- Accrued charges and deferred income +€3,019
up €3,019 (+1,356%), from €223 to €3,242
- Profit (loss) carried forward +€1,736
up €1,736 (+7.1%), from -€24,374 to -€22,638
- Gross operating margin +€6,961
up €6,961 (+27.7%), from €25,166 to €32,127
- Staff costs +€2,482
up €2,482 (+11.6%), from €21,400 to €23,883
- Other operating charges +€1,334
up €1,334 (+56.3%), from €2,367 to €3,701
- Financial charges -€588
down €588 (-25.3%), from €2,321 to €1,734
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 | €31,868 | €56,212 | +€24,344 | +76.4% |
| Fixed assets | 21/28 | €3,967 | €3,126 | -€841 | -21.2% |
| Tangible fixed assets | 22/27 | €3,967 | €3,126 | -€841 | -21.2% |
| Land and buildings | 22 | €3,854 | €3,067 | -€787 | -20.4% |
| Plant, machinery and equipment | 23 | €113 | €59 | -€53 | -47.3% |
| Current assets | 29/58 | €27,901 | €53,086 | +€25,185 | +90.3% |
| Stocks and contracts in progress | 3 | €6,250 | €800 | -€5,450 | -87.2% |
| Stocks | 30/36 | €6,250 | €800 | -€5,450 | -87.2% |
| Amounts receivable within one year | 40/41 | €1,380 | €17,334 | +€15,955 | +1,156% |
| Trade receivables | 40 | - | €17,255 | +€17,255 | |
| Other amounts receivable | 41 | €1,380 | €79 | -€1,300 | -94.3% |
| Cash at bank and in hand | 54/58 | €19,519 | €32,726 | +€13,207 | +67.7% |
| Deferred charges and accrued income | 490/1 | €752 | €2,225 | +€1,473 | +196% |
| Total equity and liabilities | 10/49 | €31,868 | €56,212 | +€24,344 | +76.4% |
| Equity | 10/15 | -€5,774 | -€4,038 | +€1,736 | +30.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,374 | -€22,638 | +€1,736 | +7.1% |
| Amounts payable | 17/49 | €37,642 | €60,250 | +€22,608 | +60.1% |
| Amounts payable within one year | 42/48 | €37,419 | €57,008 | +€19,589 | +52.3% |
| Trade debts | 44 | €16,847 | €10,982 | -€5,864 | -34.8% |
| Suppliers | 440/4 | €16,847 | €10,982 | -€5,864 | -34.8% |
| Advances received on contracts in progress | 46 | - | €18,291 | +€18,291 | |
| Taxes, remuneration and social security | 45 | €14,519 | €13,682 | -€838 | -5.8% |
| Taxes | 450/3 | €5,267 | €4,588 | -€679 | -12.9% |
| Remuneration and social security | 454/9 | €9,253 | €9,094 | -€158 | -1.7% |
| Other amounts payable | 47/48 | €6,053 | €14,054 | +€8,000 | +132% |
| Accrued charges and deferred income | 492/3 | €223 | €3,242 | +€3,019 | +1,356% |
| Remuneration, social security and pensions | 62 | €21,400 | €23,883 | +€2,482 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,104 | €841 | -€263 | -23.9% |
| Other operating charges | 640/8 | €2,367 | €3,701 | +€1,334 | +56.3% |
| Non-recurring operating charges | 66A | €3,000 | - | -€3,000 | |
| Gross operating margin | 9900 | €25,166 | €32,127 | +€6,961 | +27.7% |
| Operating profit (loss) | 9901 | -€2,706 | €3,702 | +€6,407 | |
| Financial income | 75/76B | €2 | €19 | +€17 | +847% |
| Recurring financial income | 75 | €2 | €19 | +€17 | +847% |
| Financial charges | 65/66B | €2,321 | €1,734 | -€588 | -25.3% |
| Recurring financial charges | 65 | €2,321 | €1,734 | -€588 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,025 | €1,987 | +€7,012 | |
| Income taxes | 67/77 | €188 | €251 | +€63 | +33.4% |
| Profit (loss) for the period | 9904 | -€5,213 | €1,736 | +€6,949 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,213 | €1,736 | +€6,949 |
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 19 October 2026 via checked.be.