Xavier Project: 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.
Xavier Project
Largest movements
- Receivables within one year +€13,870
up €13,870 (+84.7%), from €16,381 to €30,251
of which Other amounts receivable: +€9,091
- Cash +€7,000
up €7,000 (+52.4%), from €13,361 to €20,361
mainly Net result for the year (+€14,588) and Tax, wage and social debts (+€4,255)
- Tangible fixed assets -€914
down €914 (-20.5%), from €4,455 to €3,542
of which Plant, machinery and equipment: -€514
- Reserves +€14,588
up €14,588 (+87.0%), from €16,767 to €31,355
- Tax, wage and social debts +€4,255
up €4,255 (+42.1%), from €10,117 to €14,372
- Advances received +€2,723
new in 2025: €2,723
- Trade debts -€1,609
down €1,609 (-30.3%), from €5,313 to €3,704
- Gross operating margin -€8,498
down €8,498 (-27.2%), from €31,221 to €22,723
- Financial income +€629
new in 2025: €629
- Taxes -€423
down €423 (-6.5%), from €6,497 to €6,075
- Other operating charges +€327
up €327 (+34.5%), from €948 to €1,276
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 | €34,197 | €54,154 | +€19,957 | +58.4% |
| Fixed assets | 21/28 | €4,455 | €3,542 | -€914 | -20.5% |
| Tangible fixed assets | 22/27 | €4,455 | €3,542 | -€914 | -20.5% |
| Plant, machinery and equipment | 23 | €2,757 | €2,243 | -€514 | -18.6% |
| Furniture and vehicles | 24 | €1,698 | €1,298 | -€400 | -23.6% |
| Current assets | 29/58 | €29,742 | €50,612 | +€20,870 | +70.2% |
| Amounts receivable within one year | 40/41 | €16,381 | €30,251 | +€13,870 | +84.7% |
| Trade receivables | 40 | €8,863 | €13,642 | +€4,779 | +53.9% |
| Other amounts receivable | 41 | €7,518 | €16,609 | +€9,091 | +120.9% |
| Cash at bank and in hand | 54/58 | €13,361 | €20,361 | +€7,000 | +52.4% |
| Total equity and liabilities | 10/49 | €34,197 | €54,154 | +€19,957 | +58.4% |
| Equity | 10/15 | €18,767 | €33,355 | +€14,588 | +77.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €16,767 | €31,355 | +€14,588 | +87.0% |
| Distributable reserves | 133 | €16,767 | €31,355 | +€14,588 | +87.0% |
| Amounts payable | 17/49 | €15,430 | €20,799 | +€5,369 | +34.8% |
| Amounts payable within one year | 42/48 | €15,430 | €20,799 | +€5,369 | +34.8% |
| Trade debts | 44 | €5,313 | €3,704 | -€1,609 | -30.3% |
| Suppliers | 440/4 | €5,313 | €3,704 | -€1,609 | -30.3% |
| Advances received on contracts in progress | 46 | - | €2,723 | +€2,723 | |
| Taxes, remuneration and social security | 45 | €10,117 | €14,372 | +€4,255 | +42.1% |
| Taxes | 450/3 | €10,117 | €14,372 | +€4,255 | +42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,041 | €1,309 | +€269 | +25.8% |
| Other operating charges | 640/8 | €948 | €1,276 | +€327 | +34.5% |
| Gross operating margin | 9900 | €31,221 | €22,723 | -€8,498 | -27.2% |
| Operating profit (loss) | 9901 | €29,232 | €20,138 | -€9,093 | -31.1% |
| Financial income | 75/76B | - | €629 | +€629 | |
| Recurring financial income | 75 | - | €629 | +€629 | |
| Financial charges | 65/66B | €69 | €104 | +€35 | +51.2% |
| Recurring financial charges | 65 | €69 | €104 | +€35 | +51.2% |
| Profit (loss) for the period before taxes | 9903 | €29,162 | €20,662 | -€8,500 | -29.1% |
| Income taxes | 67/77 | €6,497 | €6,075 | -€423 | -6.5% |
| Profit (loss) for the period | 9904 | €22,665 | €14,588 | -€8,078 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,665 | €14,588 | -€8,078 | -35.6% |
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 4 October 2026 via checked.be.