XAX: 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.
XAX
Largest movements
- Receivables within one year -€34,875
down €34,875 (-54.4%), from €64,087 to €29,212
- Profit (loss) carried forward -€34,621
down €34,621 (-10.8%), from -€320,803 to -€355,424
- Financial charges -€3,718
down €3,718 (-9.8%), from €37,874 to €34,156
- Gross operating margin +€118
up €118 (+64.3%), from -€184 to -€66
- Other operating charges -€73
down €73 (-15.4%), from €473 to €400
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 | €490,697 | €456,076 | -€34,621 | -7.1% |
| Fixed assets | 21/28 | €426,245 | €426,245 | = | 0.0% |
| Tangible fixed assets | 22/27 | €426,245 | €426,245 | = | 0.0% |
| Land and buildings | 22 | €426,245 | €426,245 | = | 0.0% |
| Current assets | 29/58 | €64,452 | €29,831 | -€34,621 | -53.7% |
| Amounts receivable within one year | 40/41 | €64,087 | €29,212 | -€34,875 | -54.4% |
| Other amounts receivable | 41 | €64,087 | €29,212 | -€34,875 | -54.4% |
| Cash at bank and in hand | 54/58 | €365 | €619 | +€254 | +69.5% |
| Total equity and liabilities | 10/49 | €490,697 | €456,076 | -€34,621 | -7.1% |
| Equity | 10/15 | -€259,303 | -€293,924 | -€34,621 | -13.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€320,803 | -€355,424 | -€34,621 | -10.8% |
| Amounts payable | 17/49 | €750,000 | €750,000 | = | 0.0% |
| Amounts payable after more than one year | 17 | €750,000 | €750,000 | = | 0.0% |
| Financial debts | 170/4 | €750,000 | €750,000 | = | 0.0% |
| Other operating charges | 640/8 | €473 | €400 | -€73 | -15.4% |
| Gross operating margin | 9900 | -€184 | -€66 | +€118 | +64.3% |
| Operating profit (loss) | 9901 | -€657 | -€465 | +€191 | +29.1% |
| Financial charges | 65/66B | €37,874 | €34,156 | -€3,718 | -9.8% |
| Recurring financial charges | 65 | €37,874 | €34,156 | -€3,718 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€38,530 | -€34,621 | +€3,909 | +10.1% |
| Profit (loss) for the period | 9904 | -€38,530 | -€34,621 | +€3,909 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,530 | -€34,621 | +€3,909 | +10.1% |
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 6 October 2026 via checked.be.