XAVA: 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.
XAVA
Largest movements
- Tangible fixed assets -€76,727
down €76,727 (-7.1%), from €1.1m to €1.0m
of which Land and buildings: -€75,624
- Cash +€62,018
up €62,018 (+34.4%), from €180,179 to €242,197
mainly Depreciation (+€76,727) and Other debts (+€15,000)
- Profit (loss) carried forward -€21,392
down €21,392 (-19.5%), from -€109,821 to -€131,212
- Other debts +€15,000
new in 2025: €15,000
- Gross operating margin -€43,427
down €43,427 (-39.2%), from €110,699 to €67,272
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 | €1,260,296 | €1,257,469 | -€2,827 | -0.2% |
| Fixed assets | 21/28 | €1,080,117 | €1,003,390 | -€76,727 | -7.1% |
| Tangible fixed assets | 22/27 | €1,080,117 | €1,003,390 | -€76,727 | -7.1% |
| Land and buildings | 22 | €1,074,661 | €999,037 | -€75,624 | -7.0% |
| Plant, machinery and equipment | 23 | €5,456 | €4,353 | -€1,103 | -20.2% |
| Current assets | 29/58 | €180,179 | €254,079 | +€73,900 | +41.0% |
| Amounts receivable within one year | 40/41 | €0 | €2,613 | +€2,613 | |
| Trade receivables | 40 | - | €2,613 | +€2,613 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €180,179 | €242,197 | +€62,018 | +34.4% |
| Deferred charges and accrued income | 490/1 | - | €9,269 | +€9,269 | |
| Total equity and liabilities | 10/49 | €1,260,296 | €1,257,469 | -€2,827 | -0.2% |
| Equity | 10/15 | €1,260,179 | €1,238,788 | -€21,392 | -1.7% |
| Contributions | 10/11 | €1,370,000 | €1,370,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€109,821 | -€131,212 | -€21,392 | -19.5% |
| Amounts payable | 17/49 | €117 | €18,681 | +€18,565 | +15884.8% |
| Amounts payable within one year | 42/48 | €117 | €16,181 | +€16,065 | +13745.7% |
| Trade debts | 44 | €117 | €1,181 | +€1,065 | +910.9% |
| Suppliers | 440/4 | €117 | €1,181 | +€1,065 | +910.9% |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Accrued charges and deferred income | 492/3 | €0 | €2,500 | +€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,727 | €76,727 | = | 0.0% |
| Other operating charges | 640/8 | €11,327 | €11,647 | +€320 | +2.8% |
| Gross operating margin | 9900 | €110,699 | €67,272 | -€43,427 | -39.2% |
| Operating profit (loss) | 9901 | €22,645 | -€21,102 | -€43,747 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €308 | €290 | -€19 | -6.0% |
| Recurring financial charges | 65 | €308 | €290 | -€19 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €22,337 | -€21,392 | -€43,728 | |
| Profit (loss) for the period | 9904 | €22,337 | -€21,392 | -€43,728 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,337 | -€21,392 | -€43,728 |
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 2 October 2026 via checked.be.