XATOLA: 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.
XATOLA
Largest movements
- Cash +€317,694
up €317,694 (+397%), from €80,113 to €397,807
mainly Current investments (+€300,000) and Net result for the year (+€24,181)
- Current investments -€300,000
down €300,000 (-60.0%), from €500,000 to €200,000
- Reserves +€24,181
up €24,181 (+1.3%), from €1.8m to €1.9m
- Financial income +€57,542
up €57,542 (+876%), from €6,566 to €64,107
- Other operating charges +€14,785
up €14,785 (+925%), from €1,599 to €16,384
- Taxes +€7,177
up €7,177 (+2,977%), from €241 to €7,418
- Gross operating margin +€3,092
up €3,092 (+22.1%), from -€14,013 to -€10,921
- Financial charges -€1,242
down €1,242 (-21.9%), from €5,682 to €4,440
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 | €1,894,381 | €1,896,134 | +€1,753 | +0.1% |
| Fixed assets | 21/28 | €1,081,668 | €1,079,158 | -€2,511 | -0.2% |
| Tangible fixed assets | 22/27 | €13,372 | €15,749 | +€2,377 | +17.8% |
| Land and buildings | 22 | €11,385 | €10,948 | -€437 | -3.8% |
| Plant, machinery and equipment | 23 | €1,987 | €1,757 | -€230 | -11.6% |
| Furniture and vehicles | 24 | - | €3,043 | +€3,043 | |
| Financial fixed assets | 28 | €1,068,296 | €1,063,409 | -€4,888 | -0.5% |
| Current assets | 29/58 | €812,713 | €816,976 | +€4,263 | +0.5% |
| Amounts receivable after more than one year | 29 | €196,857 | €196,857 | = | 0.0% |
| Other amounts receivable | 291 | €196,857 | €196,857 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €35,225 | €21,765 | -€13,459 | -38.2% |
| Trade receivables | 40 | €4,678 | €0 | -€4,678 | -100% |
| Other amounts receivable | 41 | €30,547 | €21,765 | -€8,781 | -28.7% |
| Current investments | 50/53 | €500,000 | €200,000 | -€300,000 | -60.0% |
| Cash at bank and in hand | 54/58 | €80,113 | €397,807 | +€317,694 | +397% |
| Deferred charges and accrued income | 490/1 | €518 | €546 | +€29 | +5.5% |
| Total equity and liabilities | 10/49 | €1,894,381 | €1,896,134 | +€1,753 | +0.1% |
| Equity | 10/15 | €1,865,202 | €1,889,383 | +€24,181 | +1.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,846,652 | €1,870,833 | +€24,181 | +1.3% |
| Distributable reserves | 133 | €1,846,652 | €1,870,833 | +€24,181 | +1.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,179 | €6,751 | -€22,429 | -76.9% |
| Amounts payable after more than one year | 17 | €2,492 | €0 | -€2,492 | -100% |
| Financial debts | 170/4 | €2,492 | €0 | -€2,492 | -100% |
| Amounts payable within one year | 42/48 | €26,687 | €6,751 | -€19,937 | -74.7% |
| Current portion of amounts payable after more than one year | 42 | €9,913 | €2,492 | -€7,421 | -74.9% |
| Trade debts | 44 | €4,126 | €2,410 | -€1,716 | -41.6% |
| Suppliers | 440/4 | €4,126 | €2,410 | -€1,716 | -41.6% |
| Taxes, remuneration and social security | 45 | €6,560 | €756 | -€5,805 | -88.5% |
| Taxes | 450/3 | €6,560 | €756 | -€5,805 | -88.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €6,088 | €1,093 | -€4,995 | -82.0% |
| Non-recurring operating income | 76A | €18,150 | €0 | -€18,150 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €666 | €763 | +€96 | +14.5% |
| Other operating charges | 640/8 | €1,599 | €16,384 | +€14,785 | +925% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€14,013 | -€10,921 | +€3,092 | +22.1% |
| Operating profit (loss) | 9901 | -€16,279 | -€28,068 | -€11,789 | -72.4% |
| Financial income | 75/76B | €6,566 | €64,107 | +€57,542 | +876% |
| Recurring financial income | 75 | €6,566 | €64,107 | +€57,542 | +876% |
| Financial charges | 65/66B | €5,682 | €4,440 | -€1,242 | -21.9% |
| Recurring financial charges | 65 | €5,682 | €4,440 | -€1,242 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | -€15,395 | €31,599 | +€46,995 | |
| Income taxes | 67/77 | €241 | €7,418 | +€7,177 | +2,977% |
| Profit (loss) for the period | 9904 | -€15,636 | €24,181 | +€39,818 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,636 | €24,181 | +€39,818 |
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 21 October 2026 via checked.be.