XAVIER: 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.
XAVIER
Largest movements
- Current investments +€658,783
up €658,783 (+21.7%), from €3.0m to €3.7m
- Cash +€282,995
up €282,995 (+110%), from €256,709 to €539,704
mainly Net result for the year (+€862,342) and Depreciation (+€150,013)
- Tangible fixed assets -€129,943
down €129,943 (-14.6%), from €890,973 to €761,030
of which Plant, machinery and equipment: -€97,804
- Receivables within one year -€66,462
down €66,462 (-40.0%), from €166,059 to €99,597
of which Trade receivables: -€75,424
- Reserves +€692,060
up €692,060 (+27.9%), from €2.5m to €3.2m
of which Distributable reserves: +€498,400
- Profit (loss) carried forward +€170,282
up €170,282 (+14.2%), from €1.2m to €1.4m
- Depreciation -€60,569
down €60,569 (-28.8%), from €210,582 to €150,013
- Taxes +€41,749
up €41,749 (+13.3%), from €312,892 to €354,641
- Gross operating margin +€24,695
up €24,695 (+1.9%), from €1.3m to €1.3m
- Financial income +€14,790
up €14,790 (+21.6%), from €68,519 to €83,308
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 | €4,384,676 | €5,104,735 | +€720,059 | +16.4% |
| Fixed assets | 21/28 | €890,973 | €761,030 | -€129,943 | -14.6% |
| Tangible fixed assets | 22/27 | €890,973 | €761,030 | -€129,943 | -14.6% |
| Land and buildings | 22 | €721,071 | €683,200 | -€37,871 | -5.3% |
| Plant, machinery and equipment | 23 | €113,498 | €15,693 | -€97,804 | -86.2% |
| Furniture and vehicles | 24 | €56,404 | €62,136 | +€5,732 | +10.2% |
| Current assets | 29/58 | €3,493,703 | €4,343,705 | +€850,002 | +24.3% |
| Amounts receivable within one year | 40/41 | €166,059 | €99,597 | -€66,462 | -40.0% |
| Trade receivables | 40 | €166,059 | €90,635 | -€75,424 | -45.4% |
| Other amounts receivable | 41 | - | €8,962 | +€8,962 | |
| Current investments | 50/53 | €3,035,830 | €3,694,613 | +€658,783 | +21.7% |
| Cash at bank and in hand | 54/58 | €256,709 | €539,704 | +€282,995 | +110% |
| Deferred charges and accrued income | 490/1 | €35,105 | €9,791 | -€25,314 | -72.1% |
| Total equity and liabilities | 10/49 | €4,384,676 | €5,104,735 | +€720,059 | +16.4% |
| Equity | 10/15 | €3,697,072 | €4,559,414 | +€862,342 | +23.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,482,003 | €3,174,063 | +€692,060 | +27.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €946,903 | €1,140,563 | +€193,660 | +20.5% |
| Distributable reserves | 133 | €1,535,100 | €2,033,500 | +€498,400 | +32.5% |
| Profit (loss) carried forward | 14 | €1,195,069 | €1,365,351 | +€170,282 | +14.2% |
| Amounts payable | 17/49 | €687,603 | €545,320 | -€142,283 | -20.7% |
| Amounts payable after more than one year | 17 | €43,141 | €0 | -€43,141 | -100% |
| Financial debts | 170/4 | €43,141 | €0 | -€43,141 | -100% |
| Amounts payable within one year | 42/48 | €624,682 | €531,253 | -€93,429 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €85,740 | €43,141 | -€42,599 | -49.7% |
| Trade debts | 44 | €89,886 | €63,323 | -€26,562 | -29.6% |
| Suppliers | 440/4 | €89,886 | €63,323 | -€26,562 | -29.6% |
| Taxes, remuneration and social security | 45 | €88,472 | €82,729 | -€5,743 | -6.5% |
| Taxes | 450/3 | €88,472 | €82,729 | -€5,743 | -6.5% |
| Other amounts payable | 47/48 | €360,585 | €342,060 | -€18,525 | -5.1% |
| Accrued charges and deferred income | 492/3 | €19,781 | €14,067 | -€5,714 | -28.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €16,928 | €23,179 | +€6,251 | +36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210,582 | €150,013 | -€60,569 | -28.8% |
| Other operating charges | 640/8 | €8,817 | €7,221 | -€1,596 | -18.1% |
| Non-recurring operating charges | 66A | €77 | €196 | +€119 | +154% |
| Gross operating margin | 9900 | €1,313,750 | €1,338,445 | +€24,695 | +1.9% |
| Operating profit (loss) | 9901 | €1,077,346 | €1,157,836 | +€80,491 | +7.5% |
| Financial income | 75/76B | €68,519 | €83,308 | +€14,790 | +21.6% |
| Recurring financial income | 75 | €68,519 | €83,308 | +€14,790 | +21.6% |
| Financial charges | 65/66B | €23,354 | €24,161 | +€808 | +3.5% |
| Recurring financial charges | 65 | €23,354 | €24,161 | +€808 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €1,122,510 | €1,216,983 | +€94,472 | +8.4% |
| Income taxes | 67/77 | €312,892 | €354,641 | +€41,749 | +13.3% |
| Profit (loss) for the period | 9904 | €809,619 | €862,342 | +€52,723 | +6.5% |
| Transfer from tax-exempt reserves | 789 | €233,100 | €210,500 | -€22,600 | -9.7% |
| Transfer to tax-exempt reserves | 689 | €332,590 | €404,160 | +€71,570 | +21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €710,129 | €668,682 | -€41,447 | -5.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.