XABEDO: 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.
XABEDO
Largest movements
- Cash -€312,964
down €312,964 (-55.8%), from €560,568 to €247,604
mainly Debts after one year (-€611,474) and Receivables within one year (-€297,869)
- Receivables within one year +€297,869
up €297,869 (+439.5%), from €67,777 to €365,646
of which Trade receivables: +€297,847
- Tangible fixed assets -€278,717
down €278,717 (-2.4%), from €11.6m to €11.4m
of which Land and buildings: -€279,408
- Current investments +€251,436
up €251,436 (+7.7%), from €3.3m to €3.5m
- Profit (loss) carried forward +€652,718
up €652,718 (+15.3%), from €4.3m to €4.9m
- Debts after one year -€611,474
down €611,474 (-5.8%), from €10.5m to €9.9m
of which Financial debts: -€311,474
- Current portion of long-term debt -€290,557
down €290,557 (-32.2%), from €902,031 to €611,474
- Financial charges -€30,930
down €30,930 (-14.3%), from €216,847 to €185,917
- Gross operating margin +€24,100
up €24,100 (+1.3%), from €1.8m to €1.8m
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 | €21,344,154 | €21,088,902 | -€255,252 | -1.2% |
| Fixed assets | 21/28 | €17,465,342 | €16,973,749 | -€491,593 | -2.8% |
| Intangible fixed assets | 21 | €5,818,628 | €5,605,752 | -€212,876 | -3.7% |
| Tangible fixed assets | 22/27 | €11,646,714 | €11,367,997 | -€278,717 | -2.4% |
| Land and buildings | 22 | €11,646,714 | €11,367,306 | -€279,408 | -2.4% |
| Furniture and vehicles | 24 | - | €691 | +€691 | |
| Current assets | 29/58 | €3,878,812 | €4,115,153 | +€236,341 | +6.1% |
| Amounts receivable within one year | 40/41 | €67,777 | €365,646 | +€297,869 | +439.5% |
| Trade receivables | 40 | €67,297 | €365,144 | +€297,847 | +442.6% |
| Other amounts receivable | 41 | €480 | €502 | +€22 | +4.6% |
| Current investments | 50/53 | €3,250,467 | €3,501,903 | +€251,436 | +7.7% |
| Cash at bank and in hand | 54/58 | €560,568 | €247,604 | -€312,964 | -55.8% |
| Total equity and liabilities | 10/49 | €21,344,154 | €21,088,902 | -€255,252 | -1.2% |
| Equity | 10/15 | €9,148,175 | €9,764,959 | +€616,784 | +6.7% |
| Contributions | 10/11 | €3,533,351 | €3,533,351 | = | 0.0% |
| Capital | 10 | €3,533,351 | €3,533,351 | = | 0.0% |
| Issued capital | 100 | €3,533,351 | €3,533,351 | = | 0.0% |
| Reserves | 13 | €1,341,892 | €1,305,958 | -€35,934 | -2.7% |
| Non-distributable reserves | 130/1 | €335,000 | €353,335 | +€18,335 | +5.5% |
| Legal reserve | 130 | €335,000 | €353,335 | +€18,335 | +5.5% |
| Tax-exempt reserves | 132 | €966,892 | €912,623 | -€54,269 | -5.6% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,272,932 | €4,925,650 | +€652,718 | +15.3% |
| Provisions and deferred taxes | 16 | €322,297 | €304,208 | -€18,089 | -5.6% |
| Deferred taxes | 168 | €322,297 | €304,208 | -€18,089 | -5.6% |
| Amounts payable | 17/49 | €11,873,682 | €11,019,735 | -€853,947 | -7.2% |
| Amounts payable after more than one year | 17 | €10,476,755 | €9,865,281 | -€611,474 | -5.8% |
| Financial debts | 170/4 | €551,452 | €239,978 | -€311,474 | -56.5% |
| Other amounts payable | 178/9 | €9,925,303 | €9,625,303 | -€300,000 | -3.0% |
| Amounts payable within one year | 42/48 | €1,218,742 | €926,810 | -€291,932 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €902,031 | €611,474 | -€290,557 | -32.2% |
| Trade debts | 44 | €64,929 | €79,979 | +€15,050 | +23.2% |
| Suppliers | 440/4 | €64,929 | €79,979 | +€15,050 | +23.2% |
| Taxes, remuneration and social security | 45 | €56,288 | €54,999 | -€1,289 | -2.3% |
| Taxes | 450/3 | €56,288 | €54,999 | -€1,289 | -2.3% |
| Other amounts payable | 47/48 | €195,494 | €180,358 | -€15,136 | -7.7% |
| Accrued charges and deferred income | 492/3 | €178,185 | €227,644 | +€49,459 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €690,371 | €701,193 | +€10,822 | +1.6% |
| Other operating charges | 640/8 | €115,748 | €121,277 | +€5,529 | +4.8% |
| Gross operating margin | 9900 | €1,792,996 | €1,817,096 | +€24,100 | +1.3% |
| Operating profit (loss) | 9901 | €986,877 | €994,626 | +€7,749 | +0.8% |
| Financial income | 75/76B | €72,173 | €72,850 | +€677 | +0.9% |
| Recurring financial income | 75 | €72,173 | €72,850 | +€677 | +0.9% |
| Financial charges | 65/66B | €216,847 | €185,917 | -€30,930 | -14.3% |
| Recurring financial charges | 65 | €216,847 | €185,917 | -€30,930 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €842,203 | €881,559 | +€39,356 | +4.7% |
| Transfer from deferred taxes | 780 | €18,090 | €18,089 | -€1 | 0.0% |
| Income taxes | 67/77 | €273,469 | €282,864 | +€9,395 | +3.4% |
| Profit (loss) for the period | 9904 | €586,824 | €616,784 | +€29,960 | +5.1% |
| Transfer from tax-exempt reserves | 789 | €54,268 | €54,269 | +€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €641,092 | €671,053 | +€29,961 | +4.7% |
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 9 October 2026 via checked.be.