Xaro Management: 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.
Xaro Management
Largest movements
- Receivables within one year +€61,124
up €61,124 (+114%), from €53,452 to €114,576
of which Other amounts receivable: +€60,992
- Cash -€37,551
down €37,551 (-88.6%), from €42,388 to €4,837
mainly Receivables within one year (-€61,124) and Trade debts (-€6,193)
- Reserves +€15,027
up €15,027 (+20.1%), from €74,868 to €89,895
of which Distributable reserves: +€15,027
- Other debts +€9,281
up €9,281 (+350%), from €2,650 to €11,931
- Trade debts -€6,193
down €6,193 (-74.0%), from €8,372 to €2,178
- Tax, wage and social debts +€5,744
up €5,744 (+111%), from €5,164 to €10,907
of which Taxes: +€5,744
- Gross operating margin -€50,557
down €50,557 (-65.3%), from €77,385 to €26,828
- Taxes -€13,261
down €13,261 (-55.4%), from €23,946 to €10,685
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 | €97,253 | €121,111 | +€23,859 | +24.5% |
| Fixed assets | 21/28 | €1,188 | €698 | -€489 | -41.2% |
| Tangible fixed assets | 22/27 | €1,188 | €698 | -€489 | -41.2% |
| Furniture and vehicles | 24 | €1,188 | €698 | -€489 | -41.2% |
| Current assets | 29/58 | €96,065 | €120,413 | +€24,348 | +25.3% |
| Amounts receivable within one year | 40/41 | €53,452 | €114,576 | +€61,124 | +114% |
| Trade receivables | 40 | €37,553 | €37,685 | +€132 | +0.4% |
| Other amounts receivable | 41 | €15,899 | €76,890 | +€60,992 | +384% |
| Cash at bank and in hand | 54/58 | €42,388 | €4,837 | -€37,551 | -88.6% |
| Deferred charges and accrued income | 490/1 | €225 | €1,000 | +€775 | +344% |
| Total equity and liabilities | 10/49 | €97,253 | €121,111 | +€23,859 | +24.5% |
| Equity | 10/15 | €81,068 | €96,095 | +€15,027 | +18.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €74,868 | €89,895 | +€15,027 | +20.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €74,868 | €89,895 | +€15,027 | +20.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,185 | €25,017 | +€8,832 | +54.6% |
| Amounts payable within one year | 42/48 | €16,185 | €25,017 | +€8,832 | +54.6% |
| Trade debts | 44 | €8,372 | €2,178 | -€6,193 | -74.0% |
| Suppliers | 440/4 | €8,372 | €2,178 | -€6,193 | -74.0% |
| Taxes, remuneration and social security | 45 | €5,164 | €10,907 | +€5,744 | +111% |
| Taxes | 450/3 | €5,164 | €10,907 | +€5,744 | +111% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,650 | €11,931 | +€9,281 | +350% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €342 | €0 | -€342 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €289 | €489 | +€200 | +69.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €77,385 | €26,828 | -€50,557 | -65.3% |
| Operating profit (loss) | 9901 | €76,366 | €25,939 | -€50,427 | -66.0% |
| Financial income | 75/76B | €75 | €72 | -€3 | -3.6% |
| Recurring financial income | 75 | €75 | €72 | -€3 | -3.6% |
| Financial charges | 65/66B | €266 | €299 | +€34 | +12.7% |
| Recurring financial charges | 65 | €266 | €299 | +€34 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €76,175 | €25,712 | -€50,464 | -66.2% |
| Income taxes | 67/77 | €23,946 | €10,685 | -€13,261 | -55.4% |
| Profit (loss) for the period | 9904 | €52,229 | €15,027 | -€37,203 | -71.2% |
| Profit (loss) for the period to be appropriated | 9905 | €52,229 | €15,027 | -€37,203 | -71.2% |
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 18 October 2026 via checked.be.