XALIBI: 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.
XALIBI
Largest movements
- Cash +€4.4m
up €4.4m (+1031.0%), from €422,160 to €4.8m
mainly Debts after one year (+€2.5m) and Receivables within one year (+€1.9m)
- Receivables within one year -€1.9m
down €1.9m (-87.9%), from €2.1m to €256,085
of which Other amounts receivable: -€1.9m
- Tangible fixed assets +€133,516
up €133,516 (+32.8%), from €406,947 to €540,463
of which Land and buildings: +€97,286
- Debts after one year +€2.5m
up €2.5m (+731.4%), from €348,510 to €2.9m
of which Financial debts: +€2.9m
- Financial income +€90,772
up €90,772 (+157.1%), from €57,792 to €148,564
- Taxes +€28,511
up €28,511, from -€1,671 to €26,840
- Gross operating margin -€20,692
down €20,692 (-229.2%), from -€9,029 to -€29,721
- Depreciation +€6,004
up €6,004 (+12.3%), from €48,982 to €54,986
- Other operating charges +€1,928
up €1,928 (+613.1%), from €314 to €2,242
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 | €6,044,643 | €8,663,718 | +€2.6m | +43.3% |
| Fixed assets | 21/28 | €3,406,947 | €3,540,463 | +€133,516 | +3.9% |
| Tangible fixed assets | 22/27 | €406,947 | €540,463 | +€133,516 | +32.8% |
| Land and buildings | 22 | €281,550 | €378,837 | +€97,286 | +34.6% |
| Plant, machinery and equipment | 23 | €16,015 | €18,696 | +€2,681 | +16.7% |
| Furniture and vehicles | 24 | €103,641 | €73,301 | -€30,341 | -29.3% |
| Other tangible fixed assets | 26 | €5,740 | €69,629 | +€63,889 | +1113.0% |
| Financial fixed assets | 28 | €3,000,000 | €3,000,000 | = | 0.0% |
| Current assets | 29/58 | €2,637,696 | €5,123,255 | +€2.5m | +94.2% |
| Amounts receivable after more than one year | 29 | €8,154 | - | -€8,154 | |
| Other amounts receivable | 291 | €8,154 | - | -€8,154 | |
| Stocks and contracts in progress | 3 | €64,609 | - | -€64,609 | |
| Stocks | 30/36 | €64,609 | - | -€64,609 | |
| Amounts receivable within one year | 40/41 | €2,122,001 | €256,085 | -€1.9m | -87.9% |
| Trade receivables | 40 | €44,969 | €40,038 | -€4,931 | -11.0% |
| Other amounts receivable | 41 | €2,077,033 | €216,047 | -€1.9m | -89.6% |
| Current investments | 50/53 | - | €77,436 | +€77,436 | |
| Cash at bank and in hand | 54/58 | €422,160 | €4,774,733 | +€4.4m | +1031.0% |
| Deferred charges and accrued income | 490/1 | €20,772 | €15,000 | -€5,772 | -27.8% |
| Total equity and liabilities | 10/49 | €6,044,643 | €8,663,718 | +€2.6m | +43.3% |
| Equity | 10/15 | €5,594,807 | €5,634,807 | +€40,001 | +0.7% |
| Contributions | 10/11 | €4,680,000 | €4,680,000 | = | 0.0% |
| Reserves | 13 | €914,807 | €954,807 | +€40,001 | +4.4% |
| Non-distributable reserves | 130/1 | €468,000 | €468,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €468,000 | €468,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €275,253 | €253,208 | -€22,045 | -8.0% |
| Distributable reserves | 133 | €171,554 | €233,600 | +€62,046 | +36.2% |
| Provisions and deferred taxes | 16 | €91,751 | €84,403 | -€7,348 | -8.0% |
| Deferred taxes | 168 | €91,751 | €84,403 | -€7,348 | -8.0% |
| Amounts payable | 17/49 | €358,086 | €2,944,508 | +€2.6m | +722.3% |
| Amounts payable after more than one year | 17 | €348,510 | €2,897,583 | +€2.5m | +731.4% |
| Financial debts | 170/4 | €12,068 | €2,897,583 | +€2.9m | +23909.5% |
| Other amounts payable | 178/9 | €336,442 | - | -€336,442 | |
| Amounts payable within one year | 42/48 | €9,576 | €46,924 | +€37,349 | +390.0% |
| Trade debts | 44 | €9,256 | €19,277 | +€10,022 | +108.3% |
| Suppliers | 440/4 | €9,256 | €19,277 | +€10,022 | +108.3% |
| Taxes, remuneration and social security | 45 | - | €27,647 | +€27,647 | |
| Taxes | 450/3 | - | €27,647 | +€27,647 | |
| Other amounts payable | 47/48 | €320 | - | -€320 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,982 | €54,986 | +€6,004 | +12.3% |
| Other operating charges | 640/8 | €314 | €2,242 | +€1,928 | +613.1% |
| Gross operating margin | 9900 | -€9,029 | -€29,721 | -€20,692 | -229.2% |
| Operating profit (loss) | 9901 | -€58,325 | -€86,949 | -€28,624 | -49.1% |
| Financial income | 75/76B | €57,792 | €148,564 | +€90,772 | +157.1% |
| Recurring financial income | 75 | €57,792 | €148,564 | +€90,772 | +157.1% |
| Financial charges | 65/66B | €693 | €2,122 | +€1,429 | +206.3% |
| Recurring financial charges | 65 | €693 | €2,122 | +€1,429 | +206.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,227 | €59,492 | +€60,719 | |
| Transfer from deferred taxes | 780 | €6,582 | €7,348 | +€766 | +11.6% |
| Income taxes | 67/77 | -€1,671 | €26,840 | +€28,511 | |
| Profit (loss) for the period | 9904 | €7,027 | €40,001 | +€32,974 | +469.3% |
| Transfer from tax-exempt reserves | 789 | €19,747 | €22,045 | +€2,298 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,774 | €62,046 | +€35,272 | +131.7% |
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 29 September 2026 via checked.be.