XAVIER ART – Expert-comptable: 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 ART – Expert-comptable
Largest movements
- Receivables within one year +€55,394
up €55,394 (+61.3%), from €90,336 to €145,730
of which Other amounts receivable: +€53,619
- Cash -€2,083
down €2,083 (-19.6%), from €10,604 to €8,521
mainly Receivables within one year (-€55,394) and Deferred charges and accrued income (-€1,169)
- Reserves +€41,627
up €41,627 (+59.8%), from €69,607 to €111,234
- Tax, wage and social debts +€9,640
up €9,640 (+32.6%), from €29,552 to €39,192
- Trade debts +€2,052
up €2,052 (+142%), from €1,443 to €3,495
- Gross operating margin -€5,396
down €5,396 (-7.7%), from €69,668 to €64,272
- Taxes -€1,517
down €1,517 (-8.0%), from €18,867 to €17,350
- Other operating charges +€1,166
up €1,166 (+634%), from €184 to €1,350
- Financial charges +€727
up €727 (+229%), from €318 to €1,045
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 | €105,619 | €158,921 | +€53,302 | +50.5% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €2,826 | €1,648 | -€1,178 | -41.7% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €2,826 | €1,648 | -€1,178 | -41.7% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €2,826 | €1,648 | -€1,178 | -41.7% |
| Current assets | 29/58 | €102,793 | €157,273 | +€54,480 | +53.0% |
| Amounts receivable within one year | 40/41 | €90,336 | €145,730 | +€55,394 | +61.3% |
| Trade receivables | 40 | €15,515 | €17,290 | +€1,775 | +11.4% |
| Other amounts receivable | 41 | €74,821 | €128,440 | +€53,619 | +71.7% |
| Cash at bank and in hand | 54/58 | €10,604 | €8,521 | -€2,083 | -19.6% |
| Deferred charges and accrued income | 490/1 | €1,853 | €3,022 | +€1,169 | +63.1% |
| Total equity and liabilities | 10/49 | €105,619 | €158,921 | +€53,302 | +50.5% |
| Equity | 10/15 | €74,607 | €116,234 | +€41,627 | +55.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €69,607 | €111,234 | +€41,627 | +59.8% |
| Distributable reserves | 133 | €69,607 | €111,234 | +€41,627 | +59.8% |
| Amounts payable | 17/49 | €31,012 | €42,687 | +€11,675 | +37.6% |
| Amounts payable within one year | 42/48 | €30,995 | €42,687 | +€11,692 | +37.7% |
| Trade debts | 44 | €1,443 | €3,495 | +€2,052 | +142% |
| Suppliers | 440/4 | €1,443 | €3,495 | +€2,052 | +142% |
| Taxes, remuneration and social security | 45 | €29,552 | €39,192 | +€9,640 | +32.6% |
| Taxes | 450/3 | €29,552 | €39,192 | +€9,640 | +32.6% |
| Accrued charges and deferred income | 492/3 | €17 | - | -€17 | |
| Remuneration, social security and pensions | 62 | €1,493 | €1,728 | +€235 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €706 | €1,177 | +€471 | +66.7% |
| Other operating charges | 640/8 | €184 | €1,350 | +€1,166 | +634% |
| Gross operating margin | 9900 | €69,668 | €64,272 | -€5,396 | -7.7% |
| Operating profit (loss) | 9901 | €67,285 | €60,017 | -€7,268 | -10.8% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €318 | €1,045 | +€727 | +229% |
| Recurring financial charges | 65 | €318 | €1,045 | +€727 | +229% |
| Profit (loss) for the period before taxes | 9903 | €66,967 | €58,978 | -€7,989 | -11.9% |
| Income taxes | 67/77 | €18,867 | €17,350 | -€1,517 | -8.0% |
| Profit (loss) for the period | 9904 | €48,100 | €41,628 | -€6,472 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,100 | €41,628 | -€6,472 | -13.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.