XAAF GROUP: 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.
XAAF GROUP
Largest movements
- Cash +€29,431
up €29,431 (+101.0%), from €29,127 to €58,557
mainly Net result for the year (+€32,269) and Smaller working-capital items (+€24)
- Reserves +€32,269
up €32,269 (+181.8%), from €17,749 to €50,018
- Tax, wage and social debts -€2,862
down €2,862 (-42.0%), from €6,822 to €3,960
- Gross operating margin +€17,877
up €17,877 (+77.6%), from €23,029 to €40,906
- Taxes +€3,575
up €3,575 (+78.7%), from €4,541 to €8,117
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.
Cash bridge derived
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 | €29,171 | €58,578 | +€29,407 | +100.8% |
| Current assets | 29/58 | €29,171 | €58,578 | +€29,407 | +100.8% |
| Amounts receivable within one year | 40/41 | - | €21 | +€21 | |
| Trade receivables | 40 | - | €21 | +€21 | |
| Cash at bank and in hand | 54/58 | €29,127 | €58,557 | +€29,431 | +101.0% |
| Deferred charges and accrued income | 490/1 | €44 | - | -€44 | |
| Total equity and liabilities | 10/49 | €29,171 | €58,578 | +€29,407 | +100.8% |
| Equity | 10/15 | €18,749 | €51,018 | +€32,269 | +172.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €17,749 | €50,018 | +€32,269 | +181.8% |
| Distributable reserves | 133 | €17,749 | €50,018 | +€32,269 | +181.8% |
| Amounts payable | 17/49 | €10,422 | €7,560 | -€2,862 | -27.5% |
| Amounts payable within one year | 42/48 | €10,422 | €7,560 | -€2,862 | -27.5% |
| Taxes, remuneration and social security | 45 | €6,822 | €3,960 | -€2,862 | -42.0% |
| Taxes | 450/3 | €6,822 | €3,960 | -€2,862 | -42.0% |
| Other amounts payable | 47/48 | €3,600 | €3,600 | = | 0.0% |
| Other operating charges | 640/8 | €709 | €400 | -€310 | -43.6% |
| Gross operating margin | 9900 | €23,029 | €40,906 | +€17,877 | +77.6% |
| Operating profit (loss) | 9901 | €22,320 | €40,507 | +€18,187 | +81.5% |
| Financial charges | 65/66B | €30 | €121 | +€91 | +302.2% |
| Recurring financial charges | 65 | €30 | €121 | +€91 | +302.2% |
| Profit (loss) for the period before taxes | 9903 | €22,290 | €40,386 | +€18,096 | +81.2% |
| Income taxes | 67/77 | €4,541 | €8,117 | +€3,575 | +78.7% |
| Profit (loss) for the period | 9904 | €17,749 | €32,269 | +€14,521 | +81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,749 | €32,269 | +€14,521 | +81.8% |
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 12 October 2026 via checked.be.