XAVO: 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.
XAVO
Largest movements
- Receivables within one year +€28,461
up €28,461 (+83.1%), from €34,239 to €62,700
- Tangible fixed assets -€11,068
down €11,068 (-6.7%), from €165,433 to €154,365
of which Other tangible fixed assets: -€5,958
- Other debts +€49,550
up €49,550 (+9.6%), from €517,608 to €567,158
- Debts after one year -€32,601
down €32,601 (-27.2%), from €120,033 to €87,432
of which Financial debts: -€120,033
- Current portion of long-term debt -€18,638
down €18,638 (-34.4%), from €54,123 to €35,485
- Reserves +€17,286
up €17,286 (+691.5%), from €2,500 to €19,786
of which Distributable reserves: +€17,286
- Gross operating margin +€9,195
up €9,195 (+25.0%), from €36,825 to €46,021
- Taxes +€4,129
up €4,129 (+101.6%), from €4,062 to €8,191
- Financial charges -€2,421
down €2,421 (-25.9%), from €9,333 to €6,912
- Financial income -€2,161
down €2,161 (-49.4%), from €4,372 to €2,211
of which Non-recurring financial income: -€3,467
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 | €809,530 | €827,323 | +€17,793 | +2.2% |
| Fixed assets | 21/28 | €685,183 | €674,115 | -€11,068 | -1.6% |
| Tangible fixed assets | 22/27 | €165,433 | €154,365 | -€11,068 | -6.7% |
| Land and buildings | 22 | €156,430 | €151,320 | -€5,110 | -3.3% |
| Other tangible fixed assets | 26 | €9,003 | €3,045 | -€5,958 | -66.2% |
| Financial fixed assets | 28 | €519,750 | €519,750 | = | 0.0% |
| Current assets | 29/58 | €124,346 | €153,208 | +€28,861 | +23.2% |
| Stocks and contracts in progress | 3 | €90,000 | €90,000 | = | 0.0% |
| Stocks | 30/36 | €90,000 | €90,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,239 | €62,700 | +€28,461 | +83.1% |
| Other amounts receivable | 41 | €34,239 | €62,700 | +€28,461 | +83.1% |
| Cash at bank and in hand | 54/58 | €108 | €508 | +€400 | +371.9% |
| Total equity and liabilities | 10/49 | €809,530 | €827,323 | +€17,793 | +2.2% |
| Equity | 10/15 | €115,326 | €132,613 | +€17,286 | +15.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €19,786 | +€17,286 | +691.5% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | - | €17,286 | +€17,286 | |
| Profit (loss) carried forward | 14 | €87,826 | €87,826 | = | 0.0% |
| Amounts payable | 17/49 | €694,203 | €694,710 | +€507 | +0.1% |
| Amounts payable after more than one year | 17 | €120,033 | €87,432 | -€32,601 | -27.2% |
| Financial debts | 170/4 | €120,033 | €0 | -€120,033 | -100.0% |
| Advances received on contracts in progress | 176 | - | €86,092 | +€86,092 | |
| Other amounts payable | 178/9 | - | €1,340 | +€1,340 | |
| Amounts payable within one year | 42/48 | €574,170 | €607,278 | +€33,107 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €54,123 | €35,485 | -€18,638 | -34.4% |
| Financial debts | 43 | €2,000 | €202 | -€1,798 | -89.9% |
| Credit institutions | 430/8 | €2,000 | €202 | -€1,798 | -89.9% |
| Trade debts | 44 | €377 | €242 | -€135 | -35.9% |
| Suppliers | 440/4 | €377 | €242 | -€135 | -35.9% |
| Taxes, remuneration and social security | 45 | €62 | €4,191 | +€4,129 | +6612.4% |
| Taxes | 450/3 | €62 | €4,191 | +€4,129 | +6612.4% |
| Other amounts payable | 47/48 | €517,608 | €567,158 | +€49,550 | +9.6% |
| Non-recurring operating income | 76A | - | €2,772 | +€2,772 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,069 | €11,068 | -€0 | 0.0% |
| Other operating charges | 640/8 | €4,546 | €4,774 | +€228 | +5.0% |
| Gross operating margin | 9900 | €36,825 | €46,021 | +€9,195 | +25.0% |
| Operating profit (loss) | 9901 | €21,210 | €30,178 | +€8,968 | +42.3% |
| Financial income | 75/76B | €4,372 | €2,211 | -€2,161 | -49.4% |
| Recurring financial income | 75 | €905 | €2,211 | +€1,306 | +144.3% |
| Non-recurring financial income | 76B | €3,467 | - | -€3,467 | |
| Financial charges | 65/66B | €9,333 | €6,912 | -€2,421 | -25.9% |
| Recurring financial charges | 65 | €9,333 | €6,912 | -€2,421 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €16,250 | €25,478 | +€9,228 | +56.8% |
| Income taxes | 67/77 | €4,062 | €8,191 | +€4,129 | +101.6% |
| Profit (loss) for the period | 9904 | €12,187 | €17,286 | +€5,099 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,187 | €17,286 | +€5,099 | +41.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.