XC MANAGEMENT: 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.
XC MANAGEMENT
Largest movements
- Financial fixed assets -€25,000
down €25,000 (-91.1%), from €27,435 to €2,435
- Cash +€22,175
up €22,175 (+10.0%), from €221,531 to €243,706
mainly Depreciation (+€18,416) and Investment in fixed assets (net) (+€13,260)
- Tangible fixed assets -€6,676
down €6,676 (-26.6%), from €25,090 to €18,414
of which Furniture and vehicles: -€7,054
- Receivables within one year +€4,342
up €4,342 (+12.9%), from €33,742 to €38,084
of which Trade receivables: +€5,916
- Advances received -€7,289
down €7,289 (-81.1%), from €8,983 to €1,694
- Trade debts +€5,886
up €5,886 (+437%), from €1,348 to €7,233
- Debts after one year -€3,906
down €3,906 (-79.7%), from €4,903 to €997
- Depreciation +€9,679
up €9,679 (+111%), from €8,736 to €18,416
- Write-downs -€5,850
down €5,850, from €2,925 to -€2,925
- Gross operating margin +€5,559
up €5,559 (+18.8%), from €29,558 to €35,118
- Other operating charges -€4,620
down €4,620 (-64.1%), from €7,204 to €2,583
- Taxes -€2,770
down €2,770 (-53.6%), from €5,165 to €2,395
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 | €307,797 | €302,639 | -€5,158 | -1.7% |
| Fixed assets | 21/28 | €52,525 | €20,849 | -€31,676 | -60.3% |
| Tangible fixed assets | 22/27 | €25,090 | €18,414 | -€6,676 | -26.6% |
| Plant, machinery and equipment | 23 | €3,074 | €3,452 | +€379 | +12.3% |
| Furniture and vehicles | 24 | €22,016 | €14,962 | -€7,054 | -32.0% |
| Financial fixed assets | 28 | €27,435 | €2,435 | -€25,000 | -91.1% |
| Current assets | 29/58 | €255,272 | €281,790 | +€26,517 | +10.4% |
| Amounts receivable within one year | 40/41 | €33,742 | €38,084 | +€4,342 | +12.9% |
| Trade receivables | 40 | €7,160 | €13,076 | +€5,916 | +82.6% |
| Other amounts receivable | 41 | €26,582 | €25,008 | -€1,574 | -5.9% |
| Cash at bank and in hand | 54/58 | €221,531 | €243,706 | +€22,175 | +10.0% |
| Total equity and liabilities | 10/49 | €307,797 | €302,639 | -€5,158 | -1.7% |
| Equity | 10/15 | €287,144 | €284,254 | -€2,891 | -1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €266,684 | €263,794 | -€2,891 | -1.1% |
| Amounts payable | 17/49 | €20,653 | €18,385 | -€2,268 | -11.0% |
| Amounts payable after more than one year | 17 | €4,903 | €997 | -€3,906 | -79.7% |
| Financial debts | 170/4 | €4,903 | €997 | -€3,906 | -79.7% |
| Amounts payable within one year | 42/48 | €15,749 | €17,388 | +€1,639 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €3,754 | €3,906 | +€153 | +4.1% |
| Trade debts | 44 | €1,348 | €7,233 | +€5,886 | +437% |
| Suppliers | 440/4 | €1,348 | €7,233 | +€5,886 | +437% |
| Advances received on contracts in progress | 46 | €8,983 | €1,694 | -€7,289 | -81.1% |
| Taxes, remuneration and social security | 45 | €1,665 | €4,554 | +€2,890 | +174% |
| Taxes | 450/3 | €1,665 | €4,554 | +€2,890 | +174% |
| Non-recurring operating income | 76A | €1,217 | - | -€1,217 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,736 | €18,416 | +€9,679 | +111% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,925 | -€2,925 | -€5,850 | |
| Other operating charges | 640/8 | €7,204 | €2,583 | -€4,620 | -64.1% |
| Non-recurring operating charges | 66A | - | €19,292 | +€19,292 | |
| Gross operating margin | 9900 | €29,558 | €35,118 | +€5,559 | +18.8% |
| Operating profit (loss) | 9901 | €10,694 | -€2,248 | -€12,941 | |
| Financial income | 75/76B | €1,547 | €2,257 | +€710 | +45.9% |
| Recurring financial income | 75 | €1,547 | €2,257 | +€710 | +45.9% |
| Financial charges | 65/66B | €943 | €506 | -€438 | -46.4% |
| Recurring financial charges | 65 | €943 | €506 | -€438 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | €11,298 | -€496 | -€11,793 | |
| Income taxes | 67/77 | €5,165 | €2,395 | -€2,770 | -53.6% |
| Profit (loss) for the period | 9904 | €6,133 | -€2,891 | -€9,023 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,133 | -€2,891 | -€9,023 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.