XAMO'S: 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.
What changed
XAMO'S
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €479,610+€796,787
Equity
€6.7m
2024 · €5.6m+€1.1m
Cash
€54,222
2024 · €55,184-€962
Balance sheet total
€7.0m
2024 · €5.8m+€1.2m
Largest movements
Assets
- Current investments +€732,645
up €732,645 (+15.4%), from €4.7m to €5.5m
- Tangible fixed assets +€338,448
up €338,448 (+55.8%), from €606,709 to €945,157
of which Land and buildings: +€355,057
- Receivables within one year +€112,089
up €112,089 (+259%), from €43,250 to €155,339
of which Other amounts receivable: +€115,959
Equity and liabilities
- Reserves +€1.2m
up €1.2m (+34.5%), from €3.4m to €4.6m
of which Distributable reserves: +€906,650
- Provisions +€88,135
new in 2025: €88,135
Income statement
- Financial income +€457,881
up €457,881 (+88.0%), from €520,481 to €978,362
- Gross operating margin +€390,122
up €390,122 (+159%), from €245,889 to €636,011
- Financial charges -€103,142
down €103,142 (-99.4%), from €103,785 to €642
of which Non-recurring financial charges: -€94,279
- Taxes +€67,026
up €67,026 (+84.8%), from €79,085 to €146,112
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.
Result 2024
€479,610
Gross operating margin
+€390,122
Staff costs
-€479
Depreciation
+€3,550
Other operating charges
-€2,269
Financial income
+€457,881
Financial charges
+€103,142
Taxes
-€67,026
Deferred taxes and other
-€88,135
Result 2025
€1.3m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.3m
Investment
-€1.1m
Financing
-€150,250
Cash 2024
€55,184
From operations (derived)
+€1.3m
Net result for the year
+€1.3m
Depreciation
+€69,721
Receivables within one year
-€112,089
Deferred charges and accrued income
+€2
Provisions
+€88,135
Trade debts
+€4,729
Tax, wage and social debts
-€45,320
Other debts
+€8,527
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€408,170
Current investments
-€732,645
Financing
-€150,250
Contributions, distributions and other
-€150,250
Cash 2025
€54,222
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,796,138 | €6,978,356 | +€1.2m | +20.4% |
| Fixed assets | 21/28 | €947,085 | €1,285,533 | +€338,448 | +35.7% |
| Tangible fixed assets | 22/27 | €606,709 | €945,157 | +€338,448 | +55.8% |
| Land and buildings | 22 | €509,147 | €864,204 | +€355,057 | +69.7% |
| Plant, machinery and equipment | 23 | €3,210 | €2,860 | -€350 | -10.9% |
| Furniture and vehicles | 24 | €90,107 | €73,848 | -€16,259 | -18.0% |
| Other tangible fixed assets | 26 | €4,245 | €4,245 | = | 0.0% |
| Financial fixed assets | 28 | €340,376 | €340,376 | = | 0.0% |
| Current assets | 29/58 | €4,849,053 | €5,692,823 | +€843,770 | +17.4% |
| Amounts receivable within one year | 40/41 | €43,250 | €155,339 | +€112,089 | +259% |
| Trade receivables | 40 | €17,542 | €13,672 | -€3,870 | -22.1% |
| Other amounts receivable | 41 | €25,708 | €141,667 | +€115,959 | +451% |
| Current investments | 50/53 | €4,744,556 | €5,477,201 | +€732,645 | +15.4% |
| Cash at bank and in hand | 54/58 | €55,184 | €54,222 | -€962 | -1.7% |
| Deferred charges and accrued income | 490/1 | €6,063 | €6,061 | -€2 | 0.0% |
| Total equity and liabilities | 10/49 | €5,796,138 | €6,978,356 | +€1.2m | +20.4% |
| Equity | 10/15 | €5,604,395 | €6,730,542 | +€1.1m | +20.1% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €3,399,114 | €4,570,168 | +€1.2m | +34.5% |
| Non-distributable reserves | 130/1 | €340,000 | €340,000 | = | 0.0% |
| Legal reserve | 130 | €340,000 | €340,000 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €264,405 | +€264,405 | |
| Distributable reserves | 133 | €3,059,114 | €3,965,764 | +€906,650 | +29.6% |
| Profit (loss) carried forward | 14 | €1,205,281 | €1,160,374 | -€44,908 | -3.7% |
| Provisions and deferred taxes | 16 | - | €88,135 | +€88,135 | |
| Deferred taxes | 168 | - | €88,135 | +€88,135 | |
| Amounts payable | 17/49 | €191,743 | €159,679 | -€32,064 | -16.7% |
| Amounts payable within one year | 42/48 | €191,743 | €159,679 | -€32,064 | -16.7% |
| Trade debts | 44 | €1,544 | €6,273 | +€4,729 | +306% |
| Suppliers | 440/4 | €1,544 | €6,273 | +€4,729 | +306% |
| Taxes, remuneration and social security | 45 | €48,476 | €3,157 | -€45,320 | -93.5% |
| Taxes | 450/3 | €45,493 | €121 | -€45,372 | -99.7% |
| Remuneration and social security | 454/9 | €2,984 | €3,036 | +€52 | +1.7% |
| Other amounts payable | 47/48 | €141,723 | €150,250 | +€8,527 | +6.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €357,717 | +€357,717 | |
| Remuneration, social security and pensions | 62 | €23,699 | €24,177 | +€479 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,272 | €69,721 | -€3,550 | -4.8% |
| Other operating charges | 640/8 | €6,920 | €9,189 | +€2,269 | +32.8% |
| Gross operating margin | 9900 | €245,889 | €636,011 | +€390,122 | +159% |
| Operating profit (loss) | 9901 | €141,999 | €532,924 | +€390,925 | +275% |
| Financial income | 75/76B | €520,481 | €978,362 | +€457,881 | +88.0% |
| Recurring financial income | 75 | €520,481 | €978,362 | +€457,881 | +88.0% |
| Financial charges | 65/66B | €103,785 | €642 | -€103,142 | -99.4% |
| Recurring financial charges | 65 | €9,506 | €642 | -€8,864 | -93.2% |
| Non-recurring financial charges | 66B | €94,279 | €0 | -€94,279 | -100% |
| Profit (loss) for the period before taxes | 9903 | €558,695 | €1,510,644 | +€951,949 | +170% |
| Transfer from deferred taxes | 780 | - | €1,294 | +€1,294 | |
| Transfer to deferred taxes | 680 | - | €89,429 | +€89,429 | |
| Income taxes | 67/77 | €79,085 | €146,112 | +€67,026 | +84.8% |
| Profit (loss) for the period | 9904 | €479,610 | €1,276,397 | +€796,787 | +166% |
| Transfer from tax-exempt reserves | 789 | - | €3,883 | +€3,883 | |
| Transfer to tax-exempt reserves | 689 | - | €268,287 | +€268,287 | |
| Profit (loss) for the period to be appropriated | 9905 | €479,610 | €1,011,992 | +€532,383 | +111% |
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 27 October 2026 via checked.be.