XAVIER WALRAVENS: 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 WALRAVENS
Largest movements
- Receivables within one year -€7,788
down €7,788 (-31.0%), from €25,127 to €17,339
of which Trade receivables: -€7,349
- Cash -€1,834
down €1,834 (-73.4%), from €2,500 to €666
mainly Trade debts (-€10,165) and Net result for the year (-€2,363)
- Tangible fixed assets -€1,080
down €1,080 (-37.0%), from €2,921 to €1,842
of which Other tangible fixed assets: -€694
- Trade debts -€10,165
down €10,165 (-41.4%), from €24,556 to €14,390
- Profit (loss) carried forward -€2,363
down €2,363 (-32.4%), from €7,287 to €4,924
- Other debts +€1,895
new in 2025: €1,895
- Gross operating margin +€16,804
up €16,804 (+95.6%), from -€17,578 to -€774
- Depreciation -€2,270
down €2,270 (-67.8%), from €3,350 to €1,080
- Financial charges -€568
down €568 (-78.7%), from €721 to €154
- Other operating charges -€374
no longer reported in 2025 (was €374)
- Taxes +€356
new in 2025: €356
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 | €35,911 | €25,209 | -€10,702 | -29.8% |
| Fixed assets | 21/28 | €2,921 | €1,842 | -€1,080 | -37.0% |
| Tangible fixed assets | 22/27 | €2,921 | €1,842 | -€1,080 | -37.0% |
| Plant, machinery and equipment | 23 | €545 | €280 | -€265 | -48.6% |
| Furniture and vehicles | 24 | €121 | - | -€121 | |
| Other tangible fixed assets | 26 | €2,256 | €1,562 | -€694 | -30.8% |
| Current assets | 29/58 | €32,990 | €23,367 | -€9,622 | -29.2% |
| Amounts receivable after more than one year | 29 | €3,560 | €3,560 | = | 0.0% |
| Other amounts receivable | 291 | €3,560 | €3,560 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,127 | €17,339 | -€7,788 | -31.0% |
| Trade receivables | 40 | €23,083 | €15,734 | -€7,349 | -31.8% |
| Other amounts receivable | 41 | €2,044 | €1,605 | -€439 | -21.5% |
| Cash at bank and in hand | 54/58 | €2,500 | €666 | -€1,834 | -73.4% |
| Deferred charges and accrued income | 490/1 | €1,802 | €1,802 | = | 0.0% |
| Total equity and liabilities | 10/49 | €35,911 | €25,209 | -€10,702 | -29.8% |
| Equity | 10/15 | €11,287 | €8,924 | -€2,363 | -20.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,287 | €4,924 | -€2,363 | -32.4% |
| Amounts payable | 17/49 | €24,624 | €16,285 | -€8,339 | -33.9% |
| Amounts payable within one year | 42/48 | €24,624 | €16,285 | -€8,339 | -33.9% |
| Trade debts | 44 | €24,556 | €14,390 | -€10,165 | -41.4% |
| Suppliers | 440/4 | €24,556 | €14,390 | -€10,165 | -41.4% |
| Taxes, remuneration and social security | 45 | €69 | - | -€69 | |
| Taxes | 450/3 | €69 | - | -€69 | |
| Other amounts payable | 47/48 | - | €1,895 | +€1,895 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,350 | €1,080 | -€2,270 | -67.8% |
| Other operating charges | 640/8 | €374 | - | -€374 | |
| Gross operating margin | 9900 | -€17,578 | -€774 | +€16,804 | +95.6% |
| Operating profit (loss) | 9901 | -€21,302 | -€1,854 | +€19,448 | +91.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €721 | €154 | -€568 | -78.7% |
| Recurring financial charges | 65 | €721 | €154 | -€568 | -78.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,023 | -€2,007 | +€20,016 | +90.9% |
| Income taxes | 67/77 | - | €356 | +€356 | |
| Profit (loss) for the period | 9904 | -€22,023 | -€2,363 | +€19,660 | +89.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,023 | -€2,363 | +€19,660 | +89.3% |
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 29 October 2026 via checked.be.