XAVIER CLOET: 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 CLOET
Largest movements
- Cash +€35,749
up €35,749 (+26.7%), from €133,890 to €169,639
mainly Other debts (+€21,665) and Depreciation (+€16,054)
- Tangible fixed assets -€15,954
down €15,954 (-29.2%), from €54,674 to €38,720
of which Furniture and vehicles: -€15,565
- Receivables within one year +€7,052
up €7,052 (+13.7%), from €51,424 to €58,476
of which Trade receivables: +€6,921
- Other debts +€21,665
up €21,665 (+29.1%), from €74,364 to €96,029
- Tax, wage and social debts +€5,148
up €5,148 (+10.0%), from €51,328 to €56,477
- Gross operating margin -€147,170
down €147,170 (-84.9%), from €173,406 to €26,236
- Taxes -€33,233
down €33,233 (-93.9%), from €35,388 to €2,155
- Depreciation -€8,086
down €8,086 (-33.5%), from €24,140 to €16,054
- Financial charges +€5,947
up €5,947 (+10,216%), from €58 to €6,005
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 | €241,678 | €268,434 | +€26,756 | +11.1% |
| Fixed assets | 21/28 | €55,522 | €39,468 | -€16,054 | -28.9% |
| Intangible fixed assets | 21 | €848 | €748 | -€100 | -11.8% |
| Tangible fixed assets | 22/27 | €54,674 | €38,720 | -€15,954 | -29.2% |
| Plant, machinery and equipment | 23 | €989 | €600 | -€389 | -39.3% |
| Furniture and vehicles | 24 | €53,685 | €38,119 | -€15,565 | -29.0% |
| Current assets | 29/58 | €186,156 | €228,966 | +€42,810 | +23.0% |
| Amounts receivable within one year | 40/41 | €51,424 | €58,476 | +€7,052 | +13.7% |
| Trade receivables | 40 | €51,424 | €58,346 | +€6,921 | +13.5% |
| Other amounts receivable | 41 | - | €131 | +€131 | |
| Cash at bank and in hand | 54/58 | €133,890 | €169,639 | +€35,749 | +26.7% |
| Deferred charges and accrued income | 490/1 | €842 | €851 | +€9 | +1.1% |
| Total equity and liabilities | 10/49 | €241,678 | €268,434 | +€26,756 | +11.1% |
| Equity | 10/15 | €113,262 | €113,826 | +€564 | +0.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €111,262 | €111,826 | +€564 | +0.5% |
| Distributable reserves | 133 | €111,262 | €111,826 | +€564 | +0.5% |
| Amounts payable | 17/49 | €128,416 | €154,609 | +€26,193 | +20.4% |
| Amounts payable within one year | 42/48 | €128,290 | €154,221 | +€25,931 | +20.2% |
| Trade debts | 44 | €2,598 | €1,716 | -€882 | -34.0% |
| Suppliers | 440/4 | €2,598 | €1,716 | -€882 | -34.0% |
| Taxes, remuneration and social security | 45 | €51,328 | €56,477 | +€5,148 | +10.0% |
| Taxes | 450/3 | €51,328 | €56,477 | +€5,148 | +10.0% |
| Other amounts payable | 47/48 | €74,364 | €96,029 | +€21,665 | +29.1% |
| Accrued charges and deferred income | 492/3 | €126 | €387 | +€261 | +208% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,140 | €16,054 | -€8,086 | -33.5% |
| Other operating charges | 640/8 | €2,559 | €1,458 | -€1,101 | -43.0% |
| Gross operating margin | 9900 | €173,406 | €26,236 | -€147,170 | -84.9% |
| Operating profit (loss) | 9901 | €146,708 | €8,724 | -€137,984 | -94.1% |
| Financial charges | 65/66B | €58 | €6,005 | +€5,947 | +10,216% |
| Recurring financial charges | 65 | €58 | €6,005 | +€5,947 | +10,216% |
| Profit (loss) for the period before taxes | 9903 | €146,650 | €2,719 | -€143,931 | -98.1% |
| Income taxes | 67/77 | €35,388 | €2,155 | -€33,233 | -93.9% |
| Profit (loss) for the period | 9904 | €111,262 | €564 | -€110,698 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €111,262 | €564 | -€110,698 | -99.5% |
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 13 October 2026 via checked.be.