XBW Consult: 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.
XBW Consult
Largest movements
- Current investments +€75,000
up €75,000 (+100%), from €75,000 to €150,000
- Tangible fixed assets -€14,456
down €14,456 (-29.1%), from €49,691 to €35,235
of which Furniture and vehicles: -€14,309
- Cash -€7,203
down €7,203 (-16.2%), from €44,416 to €37,213
mainly Current investments (-€75,000) and Deferred charges and accrued income (-€1,777)
- Receivables within one year -€3,083
down €3,083 (-15.3%), from €20,200 to €17,117
of which Trade receivables: -€2,998
- Reserves +€47,591
up €47,591 (+26.1%), from €182,304 to €229,895
- Tax, wage and social debts +€3,269
up €3,269 (+121%), from €2,697 to €5,966
- Financial income +€2,190
new in 2025: €2,190
- Gross operating margin -€1,000
down €1,000 (-1.2%), from €80,163 to €79,163
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 | €189,568 | €241,603 | +€52,035 | +27.4% |
| Fixed assets | 21/28 | €49,691 | €35,235 | -€14,456 | -29.1% |
| Tangible fixed assets | 22/27 | €49,691 | €35,235 | -€14,456 | -29.1% |
| Plant, machinery and equipment | 23 | €1,256 | €1,109 | -€147 | -11.7% |
| Furniture and vehicles | 24 | €48,435 | €34,126 | -€14,309 | -29.5% |
| Current assets | 29/58 | €139,877 | €206,368 | +€66,491 | +47.5% |
| Amounts receivable within one year | 40/41 | €20,200 | €17,117 | -€3,083 | -15.3% |
| Trade receivables | 40 | €18,486 | €15,488 | -€2,998 | -16.2% |
| Other amounts receivable | 41 | €1,714 | €1,629 | -€85 | -5.0% |
| Current investments | 50/53 | €75,000 | €150,000 | +€75,000 | +100% |
| Cash at bank and in hand | 54/58 | €44,416 | €37,213 | -€7,203 | -16.2% |
| Deferred charges and accrued income | 490/1 | €261 | €2,038 | +€1,777 | +680% |
| Total equity and liabilities | 10/49 | €189,568 | €241,603 | +€52,035 | +27.4% |
| Equity | 10/15 | €185,304 | €232,895 | +€47,591 | +25.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €182,304 | €229,895 | +€47,591 | +26.1% |
| Distributable reserves | 133 | €182,304 | €229,895 | +€47,591 | +26.1% |
| Amounts payable | 17/49 | €4,264 | €8,709 | +€4,444 | +104% |
| Amounts payable within one year | 42/48 | €4,264 | €8,709 | +€4,444 | +104% |
| Trade debts | 44 | €633 | €1,911 | +€1,279 | +202% |
| Suppliers | 440/4 | €633 | €1,911 | +€1,279 | +202% |
| Taxes, remuneration and social security | 45 | €2,697 | €5,966 | +€3,269 | +121% |
| Taxes | 450/3 | €2,697 | €5,966 | +€3,269 | +121% |
| Other amounts payable | 47/48 | €935 | €832 | -€103 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,067 | €14,456 | +€389 | +2.8% |
| Other operating charges | 640/8 | €243 | €933 | +€689 | +283% |
| Gross operating margin | 9900 | €80,163 | €79,163 | -€1,000 | -1.2% |
| Operating profit (loss) | 9901 | €65,852 | €63,774 | -€2,078 | -3.2% |
| Financial income | 75/76B | - | €2,190 | +€2,190 | |
| Recurring financial income | 75 | - | €2,190 | +€2,190 | |
| Financial charges | 65/66B | €130 | €136 | +€6 | +4.9% |
| Recurring financial charges | 65 | €130 | €136 | +€6 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €65,722 | €65,828 | +€106 | +0.2% |
| Income taxes | 67/77 | €18,054 | €18,237 | +€183 | +1.0% |
| Profit (loss) for the period | 9904 | €47,669 | €47,591 | -€78 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,669 | €47,591 | -€78 | -0.2% |
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 16 October 2026 via checked.be.