Xaro: 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.
Xaro
Largest movements
- Tangible fixed assets -€5,840
down €5,840 (-5.2%), from €112,293 to €106,453
of which Other tangible fixed assets: -€5,091
- Other debts -€17,423
down €17,423 (-6.7%), from €259,852 to €242,429
- Profit (loss) carried forward +€10,513
up €10,513 (+7.1%), from -€148,387 to -€137,874
- Gross operating margin +€14,423
up €14,423 (+138.9%), from €10,381 to €24,804
- Depreciation +€1,586
up €1,586 (+22.4%), from €7,092 to €8,678
- Financial charges +€652
up €652 (+30.1%), from €2,168 to €2,819
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 | €133,765 | €127,844 | -€5,920 | -4.4% |
| Fixed assets | 21/28 | €112,293 | €106,453 | -€5,840 | -5.2% |
| Tangible fixed assets | 22/27 | €112,293 | €106,453 | -€5,840 | -5.2% |
| Land and buildings | 22 | €63,199 | €61,271 | -€1,928 | -3.1% |
| Plant, machinery and equipment | 23 | - | €1,179 | +€1,179 | |
| Other tangible fixed assets | 26 | €49,094 | €44,003 | -€5,091 | -10.4% |
| Current assets | 29/58 | €21,472 | €21,391 | -€81 | -0.4% |
| Amounts receivable within one year | 40/41 | €14,375 | €13,243 | -€1,132 | -7.9% |
| Trade receivables | 40 | - | €597 | +€597 | |
| Other amounts receivable | 41 | €14,375 | €12,646 | -€1,729 | -12.0% |
| Cash at bank and in hand | 54/58 | €6,338 | €7,506 | +€1,168 | +18.4% |
| Deferred charges and accrued income | 490/1 | €759 | €642 | -€116 | -15.3% |
| Total equity and liabilities | 10/49 | €133,765 | €127,844 | -€5,920 | -4.4% |
| Equity | 10/15 | -€129,787 | -€119,274 | +€10,513 | +8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€148,387 | -€137,874 | +€10,513 | +7.1% |
| Amounts payable | 17/49 | €263,552 | €247,119 | -€16,433 | -6.2% |
| Amounts payable within one year | 42/48 | €260,418 | €242,977 | -€17,440 | -6.7% |
| Trade debts | 44 | €566 | €548 | -€18 | -3.1% |
| Suppliers | 440/4 | €566 | €548 | -€18 | -3.1% |
| Other amounts payable | 47/48 | €259,852 | €242,429 | -€17,423 | -6.7% |
| Accrued charges and deferred income | 492/3 | €3,134 | €4,142 | +€1,007 | +32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,092 | €8,678 | +€1,586 | +22.4% |
| Other operating charges | 640/8 | €2,689 | €2,794 | +€105 | +3.9% |
| Gross operating margin | 9900 | €10,381 | €24,804 | +€14,423 | +138.9% |
| Operating profit (loss) | 9901 | €600 | €13,332 | +€12,732 | +2122.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1600.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1600.0% |
| Financial charges | 65/66B | €2,168 | €2,819 | +€652 | +30.1% |
| Recurring financial charges | 65 | €2,168 | €2,819 | +€652 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,568 | €10,513 | +€12,081 | |
| Profit (loss) for the period | 9904 | -€1,568 | €10,513 | +€12,081 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,568 | €10,513 | +€12,081 |
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 30 September 2026 via checked.be.