XANLOG: 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.
XANLOG
Largest movements
- Cash +€28,037
up €28,037 (+29.2%), from €96,149 to €124,186
mainly Net result for the year (+€57,465) and Depreciation (+€17,294)
- Current investments +€27,665
up €27,665 (+4.2%), from €653,460 to €681,125
- Tangible fixed assets -€17,294
down €17,294 (-31.7%), from €54,581 to €37,287
of which Furniture and vehicles: -€16,161
- Receivables within one year +€10,532
up €10,532 (+24.1%), from €43,690 to €54,222
of which Other amounts receivable: +€23,296
- Reserves +€55,865
up €55,865 (+7.2%), from €772,658 to €828,523
of which Distributable reserves: +€55,865
- Debts after one year -€10,116
down €10,116 (-100%), from €10,116 to €0
- Financial income +€2,103
up €2,103 (+7.0%), from €30,028 to €32,131
- Financial charges -€1,678
down €1,678 (-35.9%), from €4,672 to €2,993
- Gross operating margin -€1,577
down €1,577 (-2.3%), from €67,478 to €65,901
- Taxes -€680
down €680 (-3.4%), from €19,934 to €19,253
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 | €847,880 | €897,771 | +€49,891 | +5.9% |
| Fixed assets | 21/28 | €54,581 | €37,287 | -€17,294 | -31.7% |
| Tangible fixed assets | 22/27 | €54,581 | €37,287 | -€17,294 | -31.7% |
| Land and buildings | 22 | €1,720 | €587 | -€1,134 | -65.9% |
| Furniture and vehicles | 24 | €52,860 | €36,700 | -€16,161 | -30.6% |
| Current assets | 29/58 | €793,299 | €860,484 | +€67,185 | +8.5% |
| Amounts receivable within one year | 40/41 | €43,690 | €54,222 | +€10,532 | +24.1% |
| Trade receivables | 40 | €33,924 | €21,159 | -€12,764 | -37.6% |
| Other amounts receivable | 41 | €9,767 | €33,063 | +€23,296 | +239% |
| Current investments | 50/53 | €653,460 | €681,125 | +€27,665 | +4.2% |
| Cash at bank and in hand | 54/58 | €96,149 | €124,186 | +€28,037 | +29.2% |
| Deferred charges and accrued income | 490/1 | - | €951 | +€951 | |
| Total equity and liabilities | 10/49 | €847,880 | €897,771 | +€49,891 | +5.9% |
| Equity | 10/15 | €778,982 | €834,847 | +€55,865 | +7.2% |
| Contributions | 10/11 | €6,324 | €6,324 | = | 0.0% |
| Reserves | 13 | €772,658 | €828,523 | +€55,865 | +7.2% |
| Non-distributable reserves | 130/1 | €22,200 | €22,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,200 | €22,200 | = | 0.0% |
| Distributable reserves | 133 | €750,458 | €806,323 | +€55,865 | +7.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €68,898 | €62,924 | -€5,974 | -8.7% |
| Amounts payable after more than one year | 17 | €10,116 | €0 | -€10,116 | -100% |
| Financial debts | 170/4 | €10,116 | €0 | -€10,116 | -100% |
| Amounts payable within one year | 42/48 | €58,782 | €60,888 | +€2,105 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €12,936 | €10,116 | -€2,821 | -21.8% |
| Trade debts | 44 | €1,017 | €2,149 | +€1,133 | +111% |
| Suppliers | 440/4 | €1,017 | €2,149 | +€1,133 | +111% |
| Taxes, remuneration and social security | 45 | €13,770 | €18,848 | +€5,078 | +36.9% |
| Taxes | 450/3 | €13,770 | €18,848 | +€5,078 | +36.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €31,059 | €29,775 | -€1,285 | -4.1% |
| Accrued charges and deferred income | 492/3 | €0 | €2,037 | +€2,037 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,947 | €17,294 | +€347 | +2.1% |
| Other operating charges | 640/8 | €1,125 | €1,026 | -€99 | -8.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €67,478 | €65,901 | -€1,577 | -2.3% |
| Operating profit (loss) | 9901 | €49,406 | €47,581 | -€1,826 | -3.7% |
| Financial income | 75/76B | €30,028 | €32,131 | +€2,103 | +7.0% |
| Recurring financial income | 75 | €30,028 | €32,131 | +€2,103 | +7.0% |
| Financial charges | 65/66B | €4,672 | €2,993 | -€1,678 | -35.9% |
| Recurring financial charges | 65 | €4,672 | €2,993 | -€1,678 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €74,762 | €76,718 | +€1,956 | +2.6% |
| Income taxes | 67/77 | €19,934 | €19,253 | -€680 | -3.4% |
| Profit (loss) for the period | 9904 | €54,829 | €57,465 | +€2,636 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,829 | €57,465 | +€2,636 | +4.8% |
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.