XADA: 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.
XADA
Largest movements
- Tangible fixed assets -€22,112
down €22,112 (-13.9%), from €159,354 to €137,242
- Receivables within one year +€5,220
up €5,220 (+1044.0%), from €500 to €5,720
of which Other amounts receivable: +€4,000
- Debts after one year -€13,270
down €13,270 (-11.0%), from €120,595 to €107,325
- Current portion of long-term debt -€9,410
down €9,410 (-42.2%), from €22,282 to €12,872
- Profit (loss) carried forward +€4,545
up €4,545 (+47.0%), from €9,674 to €14,219
- Depreciation -€3,714
down €3,714 (-14.4%), from €25,826 to €22,112
- Gross operating margin -€1,729
down €1,729 (-4.9%), from €35,566 to €33,837
- Financial charges -€1,348
down €1,348 (-30.0%), from €4,486 to €3,138
- Other operating charges -€590
down €590 (-20.3%), from €2,904 to €2,314
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 | €173,014 | €153,839 | -€19,175 | -11.1% |
| Fixed assets | 21/28 | €159,354 | €137,242 | -€22,112 | -13.9% |
| Tangible fixed assets | 22/27 | €159,354 | €137,242 | -€22,112 | -13.9% |
| Land and buildings | 22 | €103,198 | €100,817 | -€2,381 | -2.3% |
| Plant, machinery and equipment | 23 | €40,266 | €29,777 | -€10,489 | -26.0% |
| Furniture and vehicles | 24 | €15,890 | €6,648 | -€9,242 | -58.2% |
| Current assets | 29/58 | €13,660 | €16,597 | +€2,937 | +21.5% |
| Stocks and contracts in progress | 3 | €5,281 | €5,225 | -€56 | -1.1% |
| Stocks | 30/36 | €5,281 | €5,225 | -€56 | -1.1% |
| Amounts receivable within one year | 40/41 | €500 | €5,720 | +€5,220 | +1044.0% |
| Trade receivables | 40 | - | €1,220 | +€1,220 | |
| Other amounts receivable | 41 | €500 | €4,500 | +€4,000 | +800.0% |
| Cash at bank and in hand | 54/58 | €6,930 | €5,479 | -€1,451 | -20.9% |
| Deferred charges and accrued income | 490/1 | €949 | €173 | -€776 | -81.8% |
| Total equity and liabilities | 10/49 | €173,014 | €153,839 | -€19,175 | -11.1% |
| Equity | 10/15 | €23,934 | €28,479 | +€4,545 | +19.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,674 | €14,219 | +€4,545 | +47.0% |
| Amounts payable | 17/49 | €149,080 | €125,360 | -€23,720 | -15.9% |
| Amounts payable after more than one year | 17 | €120,595 | €107,325 | -€13,270 | -11.0% |
| Financial debts | 170/4 | €120,595 | €107,325 | -€13,270 | -11.0% |
| Amounts payable within one year | 42/48 | €28,485 | €18,035 | -€10,450 | -36.7% |
| Current portion of amounts payable after more than one year | 42 | €22,282 | €12,872 | -€9,410 | -42.2% |
| Trade debts | 44 | €983 | €1,062 | +€79 | +8.0% |
| Suppliers | 440/4 | €983 | €1,062 | +€79 | +8.0% |
| Taxes, remuneration and social security | 45 | €5,220 | €4,047 | -€1,173 | -22.5% |
| Taxes | 450/3 | €5,220 | €4,047 | -€1,173 | -22.5% |
| Other amounts payable | 47/48 | - | €54 | +€54 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,826 | €22,112 | -€3,714 | -14.4% |
| Other operating charges | 640/8 | €2,904 | €2,314 | -€590 | -20.3% |
| Gross operating margin | 9900 | €35,566 | €33,837 | -€1,729 | -4.9% |
| Operating profit (loss) | 9901 | €6,836 | €9,411 | +€2,575 | +37.7% |
| Financial income | 75/76B | €1 | €1 | = | 0.0% |
| Recurring financial income | 75 | €1 | €1 | = | 0.0% |
| Financial charges | 65/66B | €4,486 | €3,138 | -€1,348 | -30.0% |
| Recurring financial charges | 65 | €4,486 | €3,138 | -€1,348 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €2,351 | €6,274 | +€3,923 | +166.9% |
| Income taxes | 67/77 | €1,764 | €1,902 | +€138 | +7.8% |
| Profit (loss) for the period | 9904 | €587 | €4,372 | +€3,785 | +644.8% |
| Profit (loss) for the period to be appropriated | 9905 | €587 | €4,372 | +€3,785 | +644.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.