XADELMA: 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.
XADELMA
Largest movements
- Receivables within one year -€5,305
down €5,305 (-49.2%), from €10,779 to €5,473
of which Trade receivables: -€3,336
- Cash +€2,773
up €2,773 (+798%), from €347 to €3,121
mainly Other debts (+€45,498) and Receivables within one year (+€5,305)
- Tangible fixed assets -€2,616
down €2,616 (-69.2%), from €3,783 to €1,167
- Deferred charges and accrued income -€1,069
down €1,069 (-78.5%), from €1,361 to €293
- Profit (loss) carried forward -€47,056
down €47,056 (-26.3%), from -€179,058 to -€226,114
- Other debts +€45,498
up €45,498 (+37.9%), from €119,895 to €165,393
- Tax, wage and social debts -€5,584
down €5,584 (-73.4%), from €7,613 to €2,029
of which Remuneration and social security: -€3,469
- Trade debts +€1,343
up €1,343 (+44.1%), from €3,043 to €4,386
- Accrued charges and deferred income -€417
down €417 (-100%), from €417 to €0
- Financial charges +€13,277
up €13,277 (+90,506%), from €15 to €13,292
- Depreciation -€3,305
down €3,305 (-55.8%), from €5,921 to €2,616
- Gross operating margin -€1,579
down €1,579 (-30.8%), from -€5,130 to -€6,708
- Staff costs +€1,380
up €1,380 (+6.5%), from €21,251 to €22,631
- Other operating charges +€1,189
up €1,189 (+233%), from €511 to €1,700
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.
Derived cash bridge
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 | €16,270 | €10,053 | -€6,217 | -38.2% |
| Fixed assets | 21/28 | €3,783 | €1,167 | -€2,616 | -69.2% |
| Tangible fixed assets | 22/27 | €3,783 | €1,167 | -€2,616 | -69.2% |
| Furniture and vehicles | 24 | €3,783 | €1,167 | -€2,616 | -69.2% |
| Current assets | 29/58 | €12,487 | €8,886 | -€3,601 | -28.8% |
| Amounts receivable within one year | 40/41 | €10,779 | €5,473 | -€5,305 | -49.2% |
| Trade receivables | 40 | €8,593 | €5,258 | -€3,336 | -38.8% |
| Other amounts receivable | 41 | €2,185 | €216 | -€1,970 | -90.1% |
| Cash at bank and in hand | 54/58 | €347 | €3,121 | +€2,773 | +798% |
| Deferred charges and accrued income | 490/1 | €1,361 | €293 | -€1,069 | -78.5% |
| Total equity and liabilities | 10/49 | €16,270 | €10,053 | -€6,217 | -38.2% |
| Equity | 10/15 | -€114,698 | -€161,754 | -€47,056 | -41.0% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€179,058 | -€226,114 | -€47,056 | -26.3% |
| Amounts payable | 17/49 | €130,968 | €171,808 | +€40,839 | +31.2% |
| Amounts payable within one year | 42/48 | €130,551 | €171,808 | +€41,256 | +31.6% |
| Trade debts | 44 | €3,043 | €4,386 | +€1,343 | +44.1% |
| Suppliers | 440/4 | €3,043 | €4,386 | +€1,343 | +44.1% |
| Taxes, remuneration and social security | 45 | €7,613 | €2,029 | -€5,584 | -73.4% |
| Taxes | 450/3 | €2,340 | €225 | -€2,116 | -90.4% |
| Remuneration and social security | 454/9 | €5,273 | €1,804 | -€3,469 | -65.8% |
| Other amounts payable | 47/48 | €119,895 | €165,393 | +€45,498 | +37.9% |
| Accrued charges and deferred income | 492/3 | €417 | €0 | -€417 | -100% |
| Remuneration, social security and pensions | 62 | €21,251 | €22,631 | +€1,380 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,921 | €2,616 | -€3,305 | -55.8% |
| Other operating charges | 640/8 | €511 | €1,700 | +€1,189 | +233% |
| Gross operating margin | 9900 | -€5,130 | -€6,708 | -€1,579 | -30.8% |
| Operating profit (loss) | 9901 | -€32,813 | -€33,656 | -€843 | -2.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €15 | €13,292 | +€13,277 | +90,506% |
| Recurring financial charges | 65 | €15 | €13,292 | +€13,277 | +90,506% |
| Profit (loss) for the period before taxes | 9903 | -€32,828 | -€46,948 | -€14,120 | -43.0% |
| Income taxes | 67/77 | €111 | €109 | -€2 | -2.1% |
| Profit (loss) for the period | 9904 | -€32,939 | -€47,056 | -€14,118 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,939 | -€47,056 | -€14,118 | -42.9% |
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 16 October 2026 via checked.be.