XAVEFORCE: 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.
XAVEFORCE
Largest movements
- Cash +€34,866
up €34,866 (+31.6%), from €110,431 to €145,297
mainly Net result for the year (+€24,816) and Receivables within one year (+€23,216)
- Receivables within one year -€23,216
down €23,216 (-93.1%), from €24,924 to €1,708
of which Trade receivables: -€24,037
- Tangible fixed assets -€11,322
down €11,322 (-4.1%), from €273,420 to €262,098
- Reserves +€24,816
up €24,816 (+23.2%), from €106,784 to €131,600
- Debts after one year -€15,260
down €15,260 (-46.9%), from €32,543 to €17,283
- Other debts -€9,029
down €9,029 (-5.1%), from €177,566 to €168,537
- Gross operating margin -€8,089
down €8,089 (-13.7%), from €59,108 to €51,019
- Taxes -€1,313
down €1,313 (-9.9%), from €13,314 to €12,001
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 | €408,775 | €410,246 | +€1,471 | +0.4% |
| Fixed assets | 21/28 | €273,420 | €262,098 | -€11,322 | -4.1% |
| Tangible fixed assets | 22/27 | €273,420 | €262,098 | -€11,322 | -4.1% |
| Land and buildings | 22 | €273,420 | €262,098 | -€11,322 | -4.1% |
| Current assets | 29/58 | €135,355 | €148,148 | +€12,793 | +9.5% |
| Amounts receivable within one year | 40/41 | €24,924 | €1,708 | -€23,216 | -93.1% |
| Trade receivables | 40 | €24,891 | €854 | -€24,037 | -96.6% |
| Other amounts receivable | 41 | €33 | €854 | +€821 | +2470.9% |
| Cash at bank and in hand | 54/58 | €110,431 | €145,297 | +€34,866 | +31.6% |
| Deferred charges and accrued income | 490/1 | - | €1,143 | +€1,143 | |
| Total equity and liabilities | 10/49 | €408,775 | €410,246 | +€1,471 | +0.4% |
| Equity | 10/15 | €183,038 | €207,855 | +€24,816 | +13.6% |
| Reserves | 13 | €106,784 | €131,600 | +€24,816 | +23.2% |
| Distributable reserves | 133 | €106,784 | €131,600 | +€24,816 | +23.2% |
| Profit (loss) carried forward | 14 | €76,254 | €76,254 | = | 0.0% |
| Amounts payable | 17/49 | €225,736 | €202,391 | -€23,345 | -10.3% |
| Amounts payable after more than one year | 17 | €32,543 | €17,283 | -€15,260 | -46.9% |
| Financial debts | 170/4 | €32,543 | €17,283 | -€15,260 | -46.9% |
| Amounts payable within one year | 42/48 | €193,194 | €185,108 | -€8,085 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €14,722 | €13,885 | -€838 | -5.7% |
| Trade debts | 44 | €738 | €2,687 | +€1,949 | +264.1% |
| Suppliers | 440/4 | €738 | €2,687 | +€1,949 | +264.1% |
| Taxes, remuneration and social security | 45 | €167 | - | -€167 | |
| Taxes | 450/3 | €167 | - | -€167 | |
| Other amounts payable | 47/48 | €177,566 | €168,537 | -€9,029 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,363 | €11,322 | -€41 | -0.4% |
| Other operating charges | 640/8 | €1,337 | €1,102 | -€235 | -17.6% |
| Gross operating margin | 9900 | €59,108 | €51,019 | -€8,089 | -13.7% |
| Operating profit (loss) | 9901 | €46,408 | €38,595 | -€7,813 | -16.8% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €2,314 | €1,777 | -€537 | -23.2% |
| Recurring financial charges | 65 | €2,314 | €1,777 | -€537 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €44,104 | €36,817 | -€7,286 | -16.5% |
| Income taxes | 67/77 | €13,314 | €12,001 | -€1,313 | -9.9% |
| Profit (loss) for the period | 9904 | €30,790 | €24,816 | -€5,973 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,790 | €24,816 | -€5,973 | -19.4% |
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 28 September 2026 via checked.be.