XAC: 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.
XAC
Largest movements
- Cash +€82,101
up €82,101 (+102.2%), from €80,335 to €162,436
mainly Net result for the year (+€112,707) and Trade debts (+€5,427)
- Tangible fixed assets +€3,103
up €3,103 (+103.2%), from €3,007 to €6,110
of which Furniture and vehicles: +€3,464
- Profit (loss) carried forward +€92,707
up €92,707 (+153.1%), from €60,546 to €153,253
- Tax, wage and social debts -€13,569
down €13,569 (-57.4%), from €23,621 to €10,053
- Trade debts +€5,427
up €5,427 (+375.1%), from €1,447 to €6,874
- Gross operating margin +€137,731
up €137,731 (+912.5%), from €15,094 to €152,825
- Taxes +€29,622
up €29,622 (+923.3%), from €3,208 to €32,830
- Financial charges +€1,763
up €1,763 (+53.7%), from €3,283 to €5,046
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 | €86,615 | €171,180 | +€84,565 | +97.6% |
| Fixed assets | 21/28 | €3,832 | €6,646 | +€2,814 | +73.5% |
| Intangible fixed assets | 21 | €825 | €537 | -€288 | -35.0% |
| Tangible fixed assets | 22/27 | €3,007 | €6,110 | +€3,103 | +103.2% |
| Plant, machinery and equipment | 23 | €1,574 | €1,212 | -€362 | -23.0% |
| Furniture and vehicles | 24 | €1,433 | €4,897 | +€3,464 | +241.8% |
| Current assets | 29/58 | €82,783 | €164,534 | +€81,751 | +98.8% |
| Amounts receivable within one year | 40/41 | €1,139 | €0 | -€1,139 | -100.0% |
| Trade receivables | 40 | €1,139 | €0 | -€1,139 | -100.0% |
| Cash at bank and in hand | 54/58 | €80,335 | €162,436 | +€82,101 | +102.2% |
| Deferred charges and accrued income | 490/1 | €1,309 | €2,098 | +€789 | +60.3% |
| Total equity and liabilities | 10/49 | €86,615 | €171,180 | +€84,565 | +97.6% |
| Equity | 10/15 | €61,546 | €154,253 | +€92,707 | +150.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,546 | €153,253 | +€92,707 | +153.1% |
| Amounts payable | 17/49 | €25,068 | €16,927 | -€8,141 | -32.5% |
| Amounts payable within one year | 42/48 | €25,068 | €16,927 | -€8,141 | -32.5% |
| Trade debts | 44 | €1,447 | €6,874 | +€5,427 | +375.1% |
| Suppliers | 440/4 | €1,447 | €6,874 | +€5,427 | +375.1% |
| Taxes, remuneration and social security | 45 | €23,621 | €10,053 | -€13,569 | -57.4% |
| Taxes | 450/3 | €23,621 | €10,053 | -€13,569 | -57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €995 | €1,609 | +€614 | +61.7% |
| Other operating charges | 640/8 | €523 | €634 | +€110 | +21.1% |
| Gross operating margin | 9900 | €15,094 | €152,825 | +€137,731 | +912.5% |
| Operating profit (loss) | 9901 | €13,576 | €150,583 | +€137,007 | +1009.2% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €3,283 | €5,046 | +€1,763 | +53.7% |
| Recurring financial charges | 65 | €3,283 | €5,046 | +€1,763 | +53.7% |
| Profit (loss) for the period before taxes | 9903 | €10,292 | €145,537 | +€135,245 | +1314.0% |
| Income taxes | 67/77 | €3,208 | €32,830 | +€29,622 | +923.3% |
| Profit (loss) for the period | 9904 | €7,084 | €112,707 | +€105,623 | +1491.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,084 | €112,707 | +€105,623 | +1491.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.