XABER: what changed
Two fiscal 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.
XABER
Largest movements
- Receivables within one year +€63,126
up €63,126 (+10.2%), from €616,795 to €679,921
of which Other amounts receivable: +€76,861
- Tangible fixed assets -€37,314
down €37,314 (-4.1%), from €920,148 to €882,834
of which Land and buildings: -€34,878
- Other debts +€94,232
up €94,232 (+16.7%), from €562,626 to €656,858
- Reserves -€45,485
down €45,485 (-18.7%), from €243,162 to €197,678
of which Tax-exempt reserves: -€45,795
- Trade debts -€23,947
down €23,947 (-14.4%), from €166,287 to €142,340
- Other operating charges +€8,319
up €8,319 (+131.9%), from €6,309 to €14,628
- Gross operating margin +€4,796
up €4,796 (+33.3%), from €14,387 to €19,184
- Depreciation -€1,110
down €1,110 (-2.9%), from €38,424 to €37,314
- Taxes -€696
down €696 (-23.0%), from €3,021 to €2,326
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 | €2,353,555 | €2,373,796 | +€20,241 | +0.9% |
| Fixed assets | 21/28 | €1,720,389 | €1,683,075 | -€37,314 | -2.2% |
| Tangible fixed assets | 22/27 | €920,148 | €882,834 | -€37,314 | -4.1% |
| Land and buildings | 22 | €909,463 | €874,586 | -€34,878 | -3.8% |
| Plant, machinery and equipment | 23 | €10,684 | €8,248 | -€2,436 | -22.8% |
| Financial fixed assets | 28 | €800,242 | €800,242 | = | 0.0% |
| Current assets | 29/58 | €633,166 | €690,721 | +€57,555 | +9.1% |
| Amounts receivable within one year | 40/41 | €616,795 | €679,921 | +€63,126 | +10.2% |
| Trade receivables | 40 | €25,919 | €12,184 | -€13,735 | -53.0% |
| Other amounts receivable | 41 | €590,876 | €667,737 | +€76,861 | +13.0% |
| Cash at bank and in hand | 54/58 | €14,778 | €9,650 | -€5,128 | -34.7% |
| Deferred charges and accrued income | 490/1 | €1,593 | €1,150 | -€443 | -27.8% |
| Total equity and liabilities | 10/49 | €2,353,555 | €2,373,796 | +€20,241 | +0.9% |
| Equity | 10/15 | €1,067,468 | €1,027,884 | -€39,583 | -3.7% |
| Contributions | 10/11 | €760,000 | €760,000 | = | 0.0% |
| Capital | 10 | €760,000 | €760,000 | = | 0.0% |
| Issued capital | 100 | €760,000 | €760,000 | = | 0.0% |
| Reserves | 13 | €243,162 | €197,678 | -€45,485 | -18.7% |
| Non-distributable reserves | 130/1 | €3,906 | €4,217 | +€311 | +8.0% |
| Legal reserve | 130 | €3,906 | €4,217 | +€311 | +8.0% |
| Tax-exempt reserves | 132 | €239,256 | €193,461 | -€45,795 | -19.1% |
| Profit (loss) carried forward | 14 | €64,305 | €70,207 | +€5,901 | +9.2% |
| Provisions and deferred taxes | 16 | €163,263 | €143,021 | -€20,242 | -12.4% |
| Deferred taxes | 168 | €163,263 | €143,021 | -€20,242 | -12.4% |
| Amounts payable | 17/49 | €1,122,824 | €1,202,891 | +€80,066 | +7.1% |
| Amounts payable after more than one year | 17 | €88,330 | €73,121 | -€15,210 | -17.2% |
| Financial debts | 170/4 | €88,330 | €73,121 | -€15,210 | -17.2% |
| Amounts payable within one year | 42/48 | €833,119 | €912,709 | +€79,590 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €14,953 | €15,210 | +€257 | +1.7% |
| Trade debts | 44 | €166,287 | €142,340 | -€23,947 | -14.4% |
| Suppliers | 440/4 | €166,287 | €142,340 | -€23,947 | -14.4% |
| Taxes, remuneration and social security | 45 | €89,254 | €98,302 | +€9,048 | +10.1% |
| Taxes | 450/3 | €89,254 | €98,302 | +€9,048 | +10.1% |
| Other amounts payable | 47/48 | €562,626 | €656,858 | +€94,232 | +16.7% |
| Accrued charges and deferred income | 492/3 | €201,375 | €217,061 | +€15,686 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,424 | €37,314 | -€1,110 | -2.9% |
| Other operating charges | 640/8 | €6,309 | €14,628 | +€8,319 | +131.9% |
| Gross operating margin | 9900 | €14,387 | €19,184 | +€4,796 | +33.3% |
| Operating profit (loss) | 9901 | -€30,346 | -€32,759 | -€2,413 | -8.0% |
| Financial income | 75/76B | €122 | €3 | -€119 | -97.7% |
| Recurring financial income | 75 | €122 | €3 | -€119 | -97.7% |
| Financial charges | 65/66B | €24,764 | €24,744 | -€20 | -0.1% |
| Recurring financial charges | 65 | €24,764 | €24,744 | -€20 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€54,988 | -€57,500 | -€2,512 | -4.6% |
| Transfer from deferred taxes | 780 | €20,242 | €20,242 | = | 0.0% |
| Income taxes | 67/77 | €3,021 | €2,326 | -€696 | -23.0% |
| Profit (loss) for the period | 9904 | -€37,767 | -€39,583 | -€1,817 | -4.8% |
| Transfer from tax-exempt reserves | 789 | €45,795 | €45,795 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,029 | €6,212 | -€1,817 | -22.6% |
Source: filed annual accounts (NBB), fiscal years ended 15 September 2024 and 15 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.