X.L.T.: 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.L.T.
Largest movements
- Tangible fixed assets -€39,943
down €39,943 (-8.7%), from €458,256 to €418,313
of which Land and buildings: -€30,042
- Receivables within one year -€26,765
down €26,765 (-43.3%), from €61,794 to €35,029
- Cash -€11,458
down €11,458 (-32.5%), from €35,294 to €23,836
mainly Debts after one year (-€69,873) and Investment in fixed assets (net) (-€38,359)
- Debts after one year -€69,873
down €69,873 (-16.1%), from €433,157 to €363,284
- Other debts -€24,199
down €24,199 (-49.9%), from €48,461 to €24,262
- Tax, wage and social debts +€14,045
up €14,045 (+145%), from €9,670 to €23,715
- Reserves +€11,760
up €11,760 (+18.6%), from €63,240 to €75,000
- Accrued charges and deferred income -€9,923
down €9,923 (-14.5%), from €68,491 to €58,568
- Financial charges -€4,297
down €4,297 (-18.0%), from €23,839 to €19,543
- Depreciation +€3,918
up €3,918 (+5.0%), from €77,633 to €81,552
- Gross operating margin +€3,324
up €3,324 (+2.8%), from €120,358 to €123,682
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 | €731,934 | €655,447 | -€76,487 | -10.4% |
| Fixed assets | 21/28 | €461,891 | €418,698 | -€43,193 | -9.4% |
| Tangible fixed assets | 22/27 | €458,256 | €418,313 | -€39,943 | -8.7% |
| Land and buildings | 22 | €359,100 | €329,059 | -€30,042 | -8.4% |
| Plant, machinery and equipment | 23 | €21,153 | €16,017 | -€5,137 | -24.3% |
| Furniture and vehicles | 24 | €78,002 | €73,237 | -€4,765 | -6.1% |
| Financial fixed assets | 28 | €3,635 | €385 | -€3,250 | -89.4% |
| Current assets | 29/58 | €270,043 | €236,749 | -€33,294 | -12.3% |
| Stocks and contracts in progress | 3 | €172,295 | €177,484 | +€5,189 | +3.0% |
| Stocks | 30/36 | €172,295 | €177,484 | +€5,189 | +3.0% |
| Amounts receivable within one year | 40/41 | €61,794 | €35,029 | -€26,765 | -43.3% |
| Trade receivables | 40 | €61,794 | €35,029 | -€26,765 | -43.3% |
| Cash at bank and in hand | 54/58 | €35,294 | €23,836 | -€11,458 | -32.5% |
| Deferred charges and accrued income | 490/1 | €660 | €400 | -€260 | -39.4% |
| Total equity and liabilities | 10/49 | €731,934 | €655,447 | -€76,487 | -10.4% |
| Equity | 10/15 | €86,463 | €94,891 | +€8,428 | +9.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €63,240 | €75,000 | +€11,760 | +18.6% |
| Distributable reserves | 133 | €63,240 | €75,000 | +€11,760 | +18.6% |
| Profit (loss) carried forward | 14 | €4,623 | €1,291 | -€3,332 | -72.1% |
| Amounts payable | 17/49 | €645,472 | €560,556 | -€84,916 | -13.2% |
| Amounts payable after more than one year | 17 | €433,157 | €363,284 | -€69,873 | -16.1% |
| Financial debts | 170/4 | €433,157 | €363,284 | -€69,873 | -16.1% |
| Amounts payable within one year | 42/48 | €143,824 | €138,704 | -€5,120 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €52,337 | €55,226 | +€2,889 | +5.5% |
| Trade debts | 44 | €31,357 | €35,501 | +€4,145 | +13.2% |
| Suppliers | 440/4 | €31,357 | €35,501 | +€4,145 | +13.2% |
| Advances received on contracts in progress | 46 | €2,000 | - | -€2,000 | |
| Taxes, remuneration and social security | 45 | €9,670 | €23,715 | +€14,045 | +145% |
| Taxes | 450/3 | €9,670 | €23,715 | +€14,045 | +145% |
| Other amounts payable | 47/48 | €48,461 | €24,262 | -€24,199 | -49.9% |
| Accrued charges and deferred income | 492/3 | €68,491 | €58,568 | -€9,923 | -14.5% |
| Remuneration, social security and pensions | 62 | -€845 | €224 | +€1,070 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,633 | €81,552 | +€3,918 | +5.0% |
| Other operating charges | 640/8 | €11,573 | €12,400 | +€827 | +7.1% |
| Non-recurring operating charges | 66A | €920 | - | -€920 | |
| Gross operating margin | 9900 | €120,358 | €123,682 | +€3,324 | +2.8% |
| Operating profit (loss) | 9901 | €31,078 | €29,506 | -€1,571 | -5.1% |
| Financial income | 75/76B | €19 | €927 | +€908 | +4,828% |
| Recurring financial income | 75 | €19 | €927 | +€908 | +4,828% |
| Financial charges | 65/66B | €23,839 | €19,543 | -€4,297 | -18.0% |
| Recurring financial charges | 65 | €23,839 | €19,543 | -€4,297 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €7,257 | €10,891 | +€3,634 | +50.1% |
| Income taxes | 67/77 | €2,799 | €2,462 | -€337 | -12.0% |
| Profit (loss) for the period | 9904 | €4,458 | €8,428 | +€3,971 | +89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,458 | €8,428 | +€3,971 | +89.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.