X.T.L. CHAUFFAGE: 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.T.L. CHAUFFAGE
Largest movements
- Tangible fixed assets +€349,551
up €349,551 (+98.1%), from €356,236 to €705,787
of which Land and buildings: +€351,449
- Cash -€44,006
down €44,006 (-48.8%), from €90,210 to €46,204
mainly Investment in fixed assets (net) (-€390,442) and Debts after one year (-€24,035)
- Receivables within one year -€9,875
down €9,875 (-16.0%), from €61,893 to €52,018
of which Trade receivables: -€10,039
- Revaluation surpluses +€371,418
new in 2025: €371,418
- Reserves -€70,840
down €70,840 (-39.0%), from €181,700 to €110,860
of which Distributable reserves: -€70,840
- Other debts +€33,340
up €33,340 (+70.2%), from €47,500 to €80,840
- Debts after one year -€24,035
down €24,035 (-14.3%), from €167,922 to €143,887
- Tax, wage and social debts -€8,601
down €8,601 (-38.2%), from €22,544 to €13,943
of which Taxes: -€4,538
- Gross operating margin -€59,256
down €59,256 (-16.6%), from €356,441 to €297,185
- Taxes -€22,152
down €22,152 (-70.9%), from €31,237 to €9,085
- Staff costs +€12,881
up €12,881 (+6.1%), from €211,505 to €224,386
- Depreciation +€7,069
up €7,069 (+20.9%), from €33,822 to €40,891
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 | €510,849 | €811,763 | +€300,914 | +58.9% |
| Fixed assets | 21/28 | €356,236 | €705,787 | +€349,551 | +98.1% |
| Tangible fixed assets | 22/27 | €356,236 | €705,787 | +€349,551 | +98.1% |
| Land and buildings | 22 | €291,551 | €643,000 | +€351,449 | +121% |
| Plant, machinery and equipment | 23 | €10,242 | €10,399 | +€157 | +1.5% |
| Furniture and vehicles | 24 | €54,443 | €52,388 | -€2,055 | -3.8% |
| Current assets | 29/58 | €154,613 | €105,976 | -€48,637 | -31.5% |
| Amounts receivable within one year | 40/41 | €61,893 | €52,018 | -€9,875 | -16.0% |
| Trade receivables | 40 | €49,520 | €39,481 | -€10,039 | -20.3% |
| Other amounts receivable | 41 | €12,373 | €12,537 | +€164 | +1.3% |
| Cash at bank and in hand | 54/58 | €90,210 | €46,204 | -€44,006 | -48.8% |
| Deferred charges and accrued income | 490/1 | €2,510 | €7,754 | +€5,244 | +209% |
| Total equity and liabilities | 10/49 | €510,849 | €811,763 | +€300,914 | +58.9% |
| Equity | 10/15 | €210,734 | €512,482 | +€301,748 | +143% |
| Contributions | 10/11 | €8,184 | €8,184 | = | 0.0% |
| Revaluation surpluses | 12 | - | €371,418 | +€371,418 | |
| Reserves | 13 | €181,700 | €110,860 | -€70,840 | -39.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €179,840 | €109,000 | -€70,840 | -39.4% |
| Profit (loss) carried forward | 14 | -€1,975 | €1,019 | +€2,994 | |
| Investment grants | 15 | €22,825 | €21,001 | -€1,824 | -8.0% |
| Amounts payable | 17/49 | €300,115 | €299,281 | -€834 | -0.3% |
| Amounts payable after more than one year | 17 | €167,922 | €143,887 | -€24,035 | -14.3% |
| Financial debts | 170/4 | €167,922 | €143,887 | -€24,035 | -14.3% |
| Amounts payable within one year | 42/48 | €132,193 | €155,394 | +€23,201 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €23,421 | €24,036 | +€615 | +2.6% |
| Financial debts | 43 | €18,393 | €15,000 | -€3,393 | -18.4% |
| Credit institutions | 430/8 | €18,393 | €15,000 | -€3,393 | -18.4% |
| Trade debts | 44 | €20,335 | €20,575 | +€240 | +1.2% |
| Suppliers | 440/4 | €20,335 | €20,575 | +€240 | +1.2% |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €22,544 | €13,943 | -€8,601 | -38.2% |
| Taxes | 450/3 | €5,587 | €1,049 | -€4,538 | -81.2% |
| Remuneration and social security | 454/9 | €16,957 | €12,894 | -€4,063 | -24.0% |
| Other amounts payable | 47/48 | €47,500 | €80,840 | +€33,340 | +70.2% |
| Remuneration, social security and pensions | 62 | €211,505 | €224,386 | +€12,881 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,822 | €40,891 | +€7,069 | +20.9% |
| Other operating charges | 640/8 | €5,120 | €8,063 | +€2,943 | +57.5% |
| Gross operating margin | 9900 | €356,441 | €297,185 | -€59,256 | -16.6% |
| Operating profit (loss) | 9901 | €105,994 | €23,845 | -€82,149 | -77.5% |
| Financial income | 75/76B | €3,761 | €3,767 | +€6 | +0.2% |
| Recurring financial income | 75 | €3,761 | €3,767 | +€6 | +0.2% |
| Financial charges | 65/66B | €6,474 | €5,533 | -€941 | -14.5% |
| Recurring financial charges | 65 | €6,474 | €5,533 | -€941 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €103,281 | €22,079 | -€81,202 | -78.6% |
| Income taxes | 67/77 | €31,237 | €9,085 | -€22,152 | -70.9% |
| Profit (loss) for the period | 9904 | €72,044 | €12,994 | -€59,050 | -82.0% |
| Profit (loss) for the period to be appropriated | 9905 | €72,044 | €12,994 | -€59,050 | -82.0% |
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 29 October 2026 via checked.be.