XAROS: 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.
XAROS
Largest movements
- Cash +€38,537
up €38,537 (+358.4%), from €10,751 to €49,288
mainly Net result for the year (+€35,417) and Other debts (+€29,102)
- Financial fixed assets +€1,400
up €1,400 (+700.0%), from €200 to €1,600
- Receivables within one year -€1,325
down €1,325 (-5.7%), from €23,440 to €22,115
of which Other amounts receivable: -€13,577
- Deferred charges and accrued income +€1,068
up €1,068 (+2569.7%), from €42 to €1,109
- Other debts +€29,102
new in 2025: €29,102
- Trade debts +€6,822
new in 2025: €6,822
- Profit (loss) carried forward +€6,315
no longer reported in 2025 (was -€6,315)
- Tax, wage and social debts -€2,748
down €2,748 (-28.4%), from €9,660 to €6,912
- Gross operating margin +€69,103
up €69,103, from -€26,299 to €42,804
- Taxes +€3,773
up €3,773, from -€73 to €3,700
- Financial charges +€1,628
up €1,628 (+1021.8%), from €159 to €1,787
- Depreciation -€501
down €501 (-72.7%), from €690 to €189
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 | €34,825 | €74,315 | +€39,490 | +113.4% |
| Fixed assets | 21/28 | €592 | €1,803 | +€1,211 | +204.6% |
| Tangible fixed assets | 22/27 | €392 | €203 | -€189 | -48.2% |
| Furniture and vehicles | 24 | €392 | €203 | -€189 | -48.2% |
| Financial fixed assets | 28 | €200 | €1,600 | +€1,400 | +700.0% |
| Current assets | 29/58 | €34,233 | €72,512 | +€38,279 | +111.8% |
| Amounts receivable within one year | 40/41 | €23,440 | €22,115 | -€1,325 | -5.7% |
| Trade receivables | 40 | €1,010 | €13,262 | +€12,252 | +1213.0% |
| Other amounts receivable | 41 | €22,430 | €8,853 | -€13,577 | -60.5% |
| Cash at bank and in hand | 54/58 | €10,751 | €49,288 | +€38,537 | +358.4% |
| Deferred charges and accrued income | 490/1 | €42 | €1,109 | +€1,068 | +2569.7% |
| Total equity and liabilities | 10/49 | €34,825 | €74,315 | +€39,490 | +113.4% |
| Equity | 10/15 | €25,164 | €31,479 | +€6,315 | +25.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,879 | €12,879 | = | 0.0% |
| Distributable reserves | 133 | €12,879 | €12,879 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,315 | - | +€6,315 | |
| Amounts payable | 17/49 | €9,660 | €42,836 | +€33,175 | +343.4% |
| Amounts payable within one year | 42/48 | €9,660 | €42,836 | +€33,175 | +343.4% |
| Trade debts | 44 | - | €6,822 | +€6,822 | |
| Suppliers | 440/4 | - | €6,822 | +€6,822 | |
| Taxes, remuneration and social security | 45 | €9,660 | €6,912 | -€2,748 | -28.4% |
| Taxes | 450/3 | €9,660 | €6,912 | -€2,748 | -28.4% |
| Other amounts payable | 47/48 | - | €29,102 | +€29,102 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €690 | €189 | -€501 | -72.7% |
| Other operating charges | 640/8 | €70 | €72 | +€2 | +2.5% |
| Non-recurring operating charges | 66A | - | €2,345 | +€2,345 | |
| Gross operating margin | 9900 | -€26,299 | €42,804 | +€69,103 | |
| Operating profit (loss) | 9901 | -€27,059 | €40,198 | +€67,258 | |
| Financial income | 75/76B | €799 | €706 | -€93 | -11.6% |
| Recurring financial income | 75 | €799 | €706 | -€93 | -11.6% |
| Financial charges | 65/66B | €159 | €1,787 | +€1,628 | +1021.8% |
| Recurring financial charges | 65 | €159 | €1,787 | +€1,628 | +1021.8% |
| Profit (loss) for the period before taxes | 9903 | -€26,420 | €39,117 | +€65,537 | |
| Income taxes | 67/77 | -€73 | €3,700 | +€3,773 | |
| Profit (loss) for the period | 9904 | -€26,347 | €35,417 | +€61,765 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,347 | €35,417 | +€61,765 |
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 5 October 2026 via checked.be.