X.O.X.O.: 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.O.X.O.
Largest movements
- Stocks and contracts +€1,408
up €1,408 (+11.4%), from €12,373 to €13,781
- Cash -€908
down €908 (-18.7%), from €4,861 to €3,953
mainly Tax, wage and social debts (-€6,369) and Stocks and contracts (-€1,408)
- Receivables within one year -€834
down €834 (-28.9%), from €2,881 to €2,047
of which Other amounts receivable: -€633
- Other debts +€6,539
new in 2025: €6,539
- Tax, wage and social debts -€6,369
down €6,369 (-39.3%), from €16,224 to €9,855
of which Taxes: -€6,598
- Profit (loss) carried forward -€380
down €380 (-0.7%), from -€53,385 to -€53,765
- Staff costs +€3,394
up €3,394 (+9.2%), from €36,892 to €40,286
- Gross operating margin +€905
up €905 (+2.2%), from €42,041 to €42,946
- Depreciation -€703
down €703 (-94.4%), from €745 to €42
- Taxes -€695
down €695 (-37.2%), from €1,866 to €1,172
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 | €20,278 | €19,902 | -€376 | -1.9% |
| Fixed assets | 21/28 | €163 | €121 | -€42 | -25.7% |
| Tangible fixed assets | 22/27 | €42 | - | -€42 | |
| Furniture and vehicles | 24 | €42 | - | -€42 | |
| Financial fixed assets | 28 | €121 | €121 | = | 0.0% |
| Current assets | 29/58 | €20,115 | €19,781 | -€334 | -1.7% |
| Stocks and contracts in progress | 3 | €12,373 | €13,781 | +€1,408 | +11.4% |
| Stocks | 30/36 | €12,373 | €13,781 | +€1,408 | +11.4% |
| Amounts receivable within one year | 40/41 | €2,881 | €2,047 | -€834 | -28.9% |
| Trade receivables | 40 | €2,248 | €2,047 | -€200 | -8.9% |
| Other amounts receivable | 41 | €633 | - | -€633 | |
| Cash at bank and in hand | 54/58 | €4,861 | €3,953 | -€908 | -18.7% |
| Total equity and liabilities | 10/49 | €20,278 | €19,902 | -€376 | -1.9% |
| Equity | 10/15 | -€3,385 | -€3,765 | -€380 | -11.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,385 | -€53,765 | -€380 | -0.7% |
| Amounts payable | 17/49 | €23,663 | €23,667 | +€4 | 0.0% |
| Amounts payable within one year | 42/48 | €23,663 | €23,667 | +€4 | 0.0% |
| Trade debts | 44 | €7,439 | €7,273 | -€166 | -2.2% |
| Suppliers | 440/4 | €7,439 | €7,273 | -€166 | -2.2% |
| Taxes, remuneration and social security | 45 | €16,224 | €9,855 | -€6,369 | -39.3% |
| Taxes | 450/3 | €11,825 | €5,226 | -€6,598 | -55.8% |
| Remuneration and social security | 454/9 | €4,399 | €4,628 | +€229 | +5.2% |
| Other amounts payable | 47/48 | - | €6,539 | +€6,539 | |
| Remuneration, social security and pensions | 62 | €36,892 | €40,286 | +€3,394 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €745 | €42 | -€703 | -94.4% |
| Other operating charges | 640/8 | €923 | €1,145 | +€222 | +24.1% |
| Gross operating margin | 9900 | €42,041 | €42,946 | +€905 | +2.2% |
| Operating profit (loss) | 9901 | €3,481 | €1,473 | -€2,008 | -57.7% |
| Financial income | 75/76B | €97 | €67 | -€30 | -31.3% |
| Recurring financial income | 75 | €97 | €67 | -€30 | -31.3% |
| Financial charges | 65/66B | €676 | €749 | +€73 | +10.7% |
| Recurring financial charges | 65 | €676 | €749 | +€73 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €2,902 | €791 | -€2,111 | -72.7% |
| Income taxes | 67/77 | €1,866 | €1,172 | -€695 | -37.2% |
| Profit (loss) for the period | 9904 | €1,036 | -€380 | -€1,416 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,036 | -€380 | -€1,416 |
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.