Xameco: 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.
Xameco
Largest movements
- Cash +€40,200
up €40,200 (+9.8%), from €411,224 to €451,425
mainly Net result for the year (+€76,078) and Other debts (+€22,216)
- Receivables within one year +€4,944
up €4,944 (+34.7%), from €14,238 to €19,182
of which Trade receivables: +€10,811
- Profit (loss) carried forward +€23,791
up €23,791 (+6.2%), from €382,565 to €406,356
- Other debts +€22,216
up €22,216 (+81.4%), from €27,293 to €49,509
- Gross operating margin +€29,222
up €29,222 (+39.1%), from €74,659 to €103,881
- Taxes +€4,450
up €4,450 (+31.1%), from €14,297 to €18,746
- Depreciation +€1,353
up €1,353 (+64.1%), from €2,111 to €3,463
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 | €437,930 | €484,966 | +€47,036 | +10.7% |
| Fixed assets | 21/28 | €8,006 | €9,445 | +€1,439 | +18.0% |
| Tangible fixed assets | 22/27 | €5,631 | €7,070 | +€1,439 | +25.5% |
| Furniture and vehicles | 24 | €5,631 | €7,070 | +€1,439 | +25.5% |
| Financial fixed assets | 28 | €2,375 | €2,375 | = | 0.0% |
| Current assets | 29/58 | €429,924 | €475,521 | +€45,597 | +10.6% |
| Amounts receivable within one year | 40/41 | €14,238 | €19,182 | +€4,944 | +34.7% |
| Trade receivables | 40 | €5,738 | €16,549 | +€10,811 | +188% |
| Other amounts receivable | 41 | €8,500 | €2,634 | -€5,866 | -69.0% |
| Cash at bank and in hand | 54/58 | €411,224 | €451,425 | +€40,200 | +9.8% |
| Deferred charges and accrued income | 490/1 | €4,461 | €4,914 | +€453 | +10.2% |
| Total equity and liabilities | 10/49 | €437,930 | €484,966 | +€47,036 | +10.7% |
| Equity | 10/15 | €388,678 | €414,756 | +€26,078 | +6.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €5,613 | €7,899 | +€2,287 | +40.7% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,563 | €7,849 | +€2,287 | +41.1% |
| Profit (loss) carried forward | 14 | €382,565 | €406,356 | +€23,791 | +6.2% |
| Amounts payable | 17/49 | €49,252 | €70,210 | +€20,958 | +42.6% |
| Amounts payable within one year | 42/48 | €49,252 | €70,210 | +€20,958 | +42.6% |
| Current portion of amounts payable after more than one year | 42 | €5,112 | €5,097 | -€15 | -0.3% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €11,542 | €8,105 | -€3,437 | -29.8% |
| Suppliers | 440/4 | €11,542 | €8,105 | -€3,437 | -29.8% |
| Taxes, remuneration and social security | 45 | €5,305 | €7,500 | +€2,195 | +41.4% |
| Taxes | 450/3 | €5,305 | €7,500 | +€2,195 | +41.4% |
| Other amounts payable | 47/48 | €27,293 | €49,509 | +€22,216 | +81.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,111 | €3,463 | +€1,353 | +64.1% |
| Other operating charges | 640/8 | €387 | €779 | +€392 | +101% |
| Non-recurring operating charges | 66A | - | €948 | +€948 | |
| Gross operating margin | 9900 | €74,659 | €103,881 | +€29,222 | +39.1% |
| Operating profit (loss) | 9901 | €72,161 | €98,690 | +€26,529 | +36.8% |
| Financial income | 75/76B | €562 | €164 | -€398 | -70.8% |
| Recurring financial income | 75 | €562 | €164 | -€398 | -70.8% |
| Financial charges | 65/66B | €3,095 | €4,031 | +€935 | +30.2% |
| Recurring financial charges | 65 | €3,095 | €4,031 | +€935 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €69,628 | €94,824 | +€25,196 | +36.2% |
| Income taxes | 67/77 | €14,297 | €18,746 | +€4,450 | +31.1% |
| Profit (loss) for the period | 9904 | €55,331 | €76,078 | +€20,746 | +37.5% |
| Transfer to tax-exempt reserves | 689 | €0 | €2,287 | +€2,287 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,331 | €73,791 | +€18,460 | +33.4% |
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 19 October 2026 via checked.be.