XAVD: 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.
XAVD
Largest movements
- Cash +€64,806
up €64,806 (+603.2%), from €10,744 to €75,550
mainly Net result for the year (+€46,847) and Tax, wage and social debts (+€17,774)
- Receivables within one year +€2,694
up €2,694 (+57.2%), from €4,712 to €7,406
of which Trade receivables: +€4,324
- Tangible fixed assets +€1,849
up €1,849 (+31.3%), from €5,903 to €7,752
- Profit (loss) carried forward +€46,847
up €46,847 (+171.6%), from €27,297 to €74,145
- Tax, wage and social debts +€17,774
up €17,774 (+8887.9%), from €200 to €17,974
- Trade debts +€3,494
up €3,494 (+234.9%), from €1,488 to €4,981
- Gross operating margin +€26,112
up €26,112 (+64.3%), from €40,612 to €66,724
- Taxes +€5,361
up €5,361 (+71.2%), from €7,531 to €12,893
- Depreciation +€1,105
up €1,105 (+106.3%), from €1,039 to €2,144
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 | €32,985 | €101,100 | +€68,115 | +206.5% |
| Formation expenses | 20 | €2,350 | €1,760 | -€591 | -25.1% |
| Fixed assets | 21/28 | €6,023 | €7,872 | +€1,849 | +30.7% |
| Tangible fixed assets | 22/27 | €5,903 | €7,752 | +€1,849 | +31.3% |
| Furniture and vehicles | 24 | €5,903 | €7,752 | +€1,849 | +31.3% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €24,611 | €91,468 | +€66,857 | +271.7% |
| Stocks and contracts in progress | 3 | - | €248 | +€248 | |
| Stocks | 30/36 | - | €248 | +€248 | |
| Amounts receivable within one year | 40/41 | €4,712 | €7,406 | +€2,694 | +57.2% |
| Trade receivables | 40 | €911 | €5,235 | +€4,324 | +474.5% |
| Other amounts receivable | 41 | €3,801 | €2,171 | -€1,630 | -42.9% |
| Cash at bank and in hand | 54/58 | €10,744 | €75,550 | +€64,806 | +603.2% |
| Deferred charges and accrued income | 490/1 | €9,154 | €8,264 | -€891 | -9.7% |
| Total equity and liabilities | 10/49 | €32,985 | €101,100 | +€68,115 | +206.5% |
| Equity | 10/15 | €31,297 | €78,145 | +€46,847 | +149.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,297 | €74,145 | +€46,847 | +171.6% |
| Amounts payable | 17/49 | €1,688 | €22,955 | +€21,268 | +1260.3% |
| Amounts payable within one year | 42/48 | €1,688 | €22,955 | +€21,268 | +1260.3% |
| Trade debts | 44 | €1,488 | €4,981 | +€3,494 | +234.9% |
| Suppliers | 440/4 | €1,488 | €4,981 | +€3,494 | +234.9% |
| Taxes, remuneration and social security | 45 | €200 | €17,974 | +€17,774 | +8887.9% |
| Taxes | 450/3 | €200 | €17,974 | +€17,774 | +8887.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,039 | €2,144 | +€1,105 | +106.3% |
| Other operating charges | 640/8 | €1,371 | €1,216 | -€155 | -11.3% |
| Gross operating margin | 9900 | €40,612 | €66,724 | +€26,112 | +64.3% |
| Operating profit (loss) | 9901 | €38,202 | €63,364 | +€25,162 | +65.9% |
| Financial income | 75/76B | €0 | €23 | +€23 | +232600.0% |
| Recurring financial income | 75 | €0 | €23 | +€23 | +232600.0% |
| Financial charges | 65/66B | €3,373 | €3,647 | +€274 | +8.1% |
| Recurring financial charges | 65 | €3,373 | €3,647 | +€274 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €34,828 | €59,740 | +€24,912 | +71.5% |
| Income taxes | 67/77 | €7,531 | €12,893 | +€5,361 | +71.2% |
| Profit (loss) for the period | 9904 | €27,297 | €46,847 | +€19,550 | +71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,297 | €46,847 | +€19,550 | +71.6% |
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 8 October 2026 via checked.be.