XATRAX: 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.
XATRAX
Largest movements
- Receivables within one year +€83,206
up €83,206 (+14.2%), from €586,307 to €669,513
of which Other amounts receivable: +€112,331
- Intangible fixed assets -€27,974
down €27,974 (-13.3%), from €210,941 to €182,967
- Tangible fixed assets -€22,420
down €22,420 (-44.7%), from €50,139 to €27,719
of which Furniture and vehicles: -€22,113
- Deferred charges and accrued income -€10,941
down €10,941 (-38.5%), from €28,390 to €17,450
- Current portion of long-term debt +€177,910
up €177,910 (+185.0%), from €96,181 to €274,091
- Trade debts -€168,250
down €168,250 (-57.3%), from €293,467 to €125,217
- Reserves +€85,825
up €85,825 (+33.0%), from €260,375 to €346,200
of which Distributable reserves: +€85,825
- Profit (loss) carried forward -€53,060
down €53,060 (-93.2%), from €56,907 to €3,846
- Other debts +€32,093
new in 2025: €32,093
- Gross operating margin +€221,431
up €221,431 (+29.5%), from €749,988 to €971,419
- Staff costs +€189,446
up €189,446 (+28.8%), from €658,653 to €848,099
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 | €915,098 | €946,329 | +€31,232 | +3.4% |
| Fixed assets | 21/28 | €261,283 | €210,890 | -€50,394 | -19.3% |
| Intangible fixed assets | 21 | €210,941 | €182,967 | -€27,974 | -13.3% |
| Tangible fixed assets | 22/27 | €50,139 | €27,719 | -€22,420 | -44.7% |
| Plant, machinery and equipment | 23 | €307 | €0 | -€307 | -100.0% |
| Furniture and vehicles | 24 | €49,833 | €27,719 | -€22,113 | -44.4% |
| Financial fixed assets | 28 | €203 | €203 | = | 0.0% |
| Current assets | 29/58 | €653,815 | €735,440 | +€81,625 | +12.5% |
| Amounts receivable after more than one year | 29 | €6,000 | €6,000 | = | 0.0% |
| Other amounts receivable | 291 | €6,000 | €6,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €586,307 | €669,513 | +€83,206 | +14.2% |
| Trade receivables | 40 | €391,169 | €362,044 | -€29,126 | -7.4% |
| Other amounts receivable | 41 | €195,138 | €307,469 | +€112,331 | +57.6% |
| Cash at bank and in hand | 54/58 | €33,117 | €42,477 | +€9,360 | +28.3% |
| Deferred charges and accrued income | 490/1 | €28,390 | €17,450 | -€10,941 | -38.5% |
| Total equity and liabilities | 10/49 | €915,098 | €946,329 | +€31,232 | +3.4% |
| Equity | 10/15 | €379,281 | €412,046 | +€32,765 | +8.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €260,375 | €346,200 | +€85,825 | +33.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €254,175 | €340,000 | +€85,825 | +33.8% |
| Profit (loss) carried forward | 14 | €56,907 | €3,846 | -€53,060 | -93.2% |
| Amounts payable | 17/49 | €535,817 | €534,283 | -€1,534 | -0.3% |
| Amounts payable after more than one year | 17 | €30,615 | €0 | -€30,615 | -100.0% |
| Financial debts | 170/4 | €30,615 | €0 | -€30,615 | -100.0% |
| Amounts payable within one year | 42/48 | €505,201 | €533,415 | +€28,214 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €96,181 | €274,091 | +€177,910 | +185.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €293,467 | €125,217 | -€168,250 | -57.3% |
| Suppliers | 440/4 | €293,467 | €125,217 | -€168,250 | -57.3% |
| Taxes, remuneration and social security | 45 | €115,554 | €102,014 | -€13,540 | -11.7% |
| Taxes | 450/3 | €67,953 | €40,502 | -€27,451 | -40.4% |
| Remuneration and social security | 454/9 | €47,600 | €61,512 | +€13,912 | +29.2% |
| Other amounts payable | 47/48 | - | €32,093 | +€32,093 | |
| Accrued charges and deferred income | 492/3 | - | €868 | +€868 | |
| Non-recurring operating income | 76A | €5,785 | €0 | -€5,785 | -100.0% |
| Remuneration, social security and pensions | 62 | €658,653 | €848,099 | +€189,446 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,860 | €50,394 | +€7,534 | +17.6% |
| Other operating charges | 640/8 | €11,483 | €6,468 | -€5,015 | -43.7% |
| Gross operating margin | 9900 | €749,988 | €971,419 | +€221,431 | +29.5% |
| Operating profit (loss) | 9901 | €36,993 | €66,459 | +€29,466 | +79.7% |
| Financial income | 75/76B | €724 | €117 | -€607 | -83.9% |
| Recurring financial income | 75 | €724 | €117 | -€607 | -83.9% |
| Financial charges | 65/66B | €9,184 | €10,884 | +€1,700 | +18.5% |
| Recurring financial charges | 65 | €9,184 | €10,884 | +€1,700 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €28,532 | €55,691 | +€27,159 | +95.2% |
| Income taxes | 67/77 | €25,754 | €22,926 | -€2,828 | -11.0% |
| Profit (loss) for the period | 9904 | €2,778 | €32,765 | +€29,987 | +1079.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,778 | €32,765 | +€29,987 | +1079.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.