XALA: 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.
XALA
Largest movements
- Cash +€13,031
up €13,031 (+52.2%), from €24,966 to €37,997
mainly Depreciation (+€12,304) and Net result for the year (+€9,754)
- Tangible fixed assets -€12,304
down €12,304 (-5.9%), from €210,062 to €197,759
of which Land and buildings: -€11,983
- Receivables within one year +€12,000
new in 2026: €12,000
- Profit (loss) carried forward +€78,257
new in 2026: €78,257
- Reserves -€68,503
down €68,503 (-65.5%), from €104,531 to €36,028
of which Distributable reserves: -€66,951
- Tax, wage and social debts +€3,139
up €3,139 (+321.5%), from €976 to €4,116
- Gross operating margin +€4,519
up €4,519 (+20.8%), from €21,709 to €26,228
- Depreciation -€2,920
down €2,920 (-19.2%), from €15,224 to €12,304
- Taxes +€2,139
up €2,139 (+108.2%), from €1,976 to €4,116
- Other operating charges -€377
down €377 (-53.5%), from €704 to €328
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €235,529 | €248,095 | +€12,566 | +5.3% |
| Fixed assets | 21/28 | €210,062 | €197,759 | -€12,304 | -5.9% |
| Tangible fixed assets | 22/27 | €210,062 | €197,759 | -€12,304 | -5.9% |
| Land and buildings | 22 | €209,542 | €197,559 | -€11,983 | -5.7% |
| Furniture and vehicles | 24 | €521 | €200 | -€321 | -61.6% |
| Current assets | 29/58 | €25,467 | €50,337 | +€24,870 | +97.7% |
| Amounts receivable within one year | 40/41 | - | €12,000 | +€12,000 | |
| Trade receivables | 40 | - | €12,000 | +€12,000 | |
| Cash at bank and in hand | 54/58 | €24,966 | €37,997 | +€13,031 | +52.2% |
| Deferred charges and accrued income | 490/1 | €501 | €340 | -€162 | -32.2% |
| Total equity and liabilities | 10/49 | €235,529 | €248,095 | +€12,566 | +5.3% |
| Equity | 10/15 | €123,131 | €132,886 | +€9,754 | +7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €104,531 | €36,028 | -€68,503 | -65.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,720 | €34,168 | -€1,552 | -4.3% |
| Distributable reserves | 133 | €66,951 | - | -€66,951 | |
| Profit (loss) carried forward | 14 | - | €78,257 | +€78,257 | |
| Provisions and deferred taxes | 16 | €11,907 | €11,389 | -€517 | -4.3% |
| Deferred taxes | 168 | €11,907 | €11,389 | -€517 | -4.3% |
| Amounts payable | 17/49 | €100,491 | €103,820 | +€3,329 | +3.3% |
| Amounts payable within one year | 42/48 | €100,491 | €103,820 | +€3,329 | +3.3% |
| Trade debts | 44 | - | €190 | +€190 | |
| Suppliers | 440/4 | - | €190 | +€190 | |
| Taxes, remuneration and social security | 45 | €976 | €4,116 | +€3,139 | +321.5% |
| Taxes | 450/3 | €976 | €4,116 | +€3,139 | +321.5% |
| Other amounts payable | 47/48 | €99,515 | €99,515 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,224 | €12,304 | -€2,920 | -19.2% |
| Other operating charges | 640/8 | €704 | €328 | -€377 | -53.5% |
| Gross operating margin | 9900 | €21,709 | €26,228 | +€4,519 | +20.8% |
| Operating profit (loss) | 9901 | €5,781 | €13,597 | +€7,816 | +135.2% |
| Financial charges | 65/66B | €303 | €244 | -€59 | -19.3% |
| Recurring financial charges | 65 | €303 | €244 | -€59 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €5,478 | €13,352 | +€7,875 | +143.8% |
| Transfer from deferred taxes | 780 | €517 | €517 | = | 0.0% |
| Income taxes | 67/77 | €1,976 | €4,116 | +€2,139 | +108.2% |
| Profit (loss) for the period | 9904 | €4,018 | €9,754 | +€5,736 | +142.7% |
| Transfer from tax-exempt reserves | 789 | €1,552 | €1,552 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,570 | €11,306 | +€5,736 | +103.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.