XCLence: 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.
XCLence
Largest movements
- Tangible fixed assets +€893,927
up €893,927 (+79.9%), from €1.1m to €2.0m
of which Land and buildings: +€894,712
- Receivables after one year +€461,212
up €461,212 (+50.4%), from €915,122 to €1.4m
- Cash +€337,515
up €337,515 (+2,770%), from €12,183 to €349,698
mainly Debts after one year (+€1.0m) and Other debts (+€418,987)
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Receivables within one year -€75,419
down €75,419 (-12.2%), from €616,833 to €541,414
of which Trade receivables: -€154,447
- Debts after one year +€1.0m
new in 2025: €1.0m
- Other debts +€418,987
up €418,987 (+114%), from €366,683 to €785,670
- Trade debts -€113,792
down €113,792 (-69.5%), from €163,672 to €49,880
- Short-term financial debts +€80,000
new in 2025: €80,000
- Gross operating margin +€58,160
up €58,160 (+26.6%), from €218,573 to €276,733
- Financial income -€22,285
down €22,285 (-19.6%), from €113,805 to €91,520
- Financial charges -€18,949
down €18,949 (-8.4%), from €224,294 to €205,345
- Taxes +€6,734
up €6,734 (+3,563%), from €189 to €6,923
- Depreciation +€2,804
up €2,804 (+1.9%), from €151,361 to €154,165
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 | €3,519,167 | €4,934,878 | +€1.4m | +40.2% |
| Fixed assets | 21/28 | €1,771,442 | €2,651,745 | +€880,303 | +49.7% |
| Intangible fixed assets | 21 | €68,095 | €54,471 | -€13,624 | -20.0% |
| Tangible fixed assets | 22/27 | €1,118,953 | €2,012,880 | +€893,927 | +79.9% |
| Land and buildings | 22 | €1,086,325 | €1,981,037 | +€894,712 | +82.4% |
| Furniture and vehicles | 24 | €32,628 | €31,843 | -€785 | -2.4% |
| Financial fixed assets | 28 | €584,394 | €584,394 | = | 0.0% |
| Current assets | 29/58 | €1,747,725 | €2,283,133 | +€535,408 | +30.6% |
| Amounts receivable after more than one year | 29 | €915,122 | €1,376,334 | +€461,212 | +50.4% |
| Other amounts receivable | 291 | €915,122 | €1,376,334 | +€461,212 | +50.4% |
| Amounts receivable within one year | 40/41 | €616,833 | €541,414 | -€75,419 | -12.2% |
| Trade receivables | 40 | €390,177 | €235,730 | -€154,447 | -39.6% |
| Other amounts receivable | 41 | €226,656 | €305,684 | +€79,028 | +34.9% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €12,183 | €349,698 | +€337,515 | +2,770% |
| Deferred charges and accrued income | 490/1 | €3,587 | €15,687 | +€12,100 | +337% |
| Total equity and liabilities | 10/49 | €3,519,167 | €4,934,878 | +€1.4m | +40.2% |
| Equity | 10/15 | €686,970 | €694,183 | +€7,213 | +1.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €49,277 | €49,277 | = | 0.0% |
| Tax-exempt reserves | 132 | €49,277 | €49,277 | = | 0.0% |
| Profit (loss) carried forward | 14 | €617,233 | €624,446 | +€7,213 | +1.2% |
| Provisions and deferred taxes | 16 | €2,300,218 | €2,281,573 | -€18,645 | -0.8% |
| Provisions for liabilities and charges | 160/5 | €2,300,218 | €2,281,573 | -€18,645 | -0.8% |
| Environmental obligations | 163 | €2,300,218 | €2,281,573 | -€18,645 | -0.8% |
| Amounts payable | 17/49 | €531,979 | €1,959,122 | +€1.4m | +268% |
| Amounts payable after more than one year | 17 | - | €1,027,669 | +€1.0m | |
| Other amounts payable | 178/9 | - | €1,027,669 | +€1.0m | |
| Amounts payable within one year | 42/48 | €531,979 | €928,025 | +€396,046 | +74.4% |
| Financial debts | 43 | - | €80,000 | +€80,000 | |
| Credit institutions | 430/8 | - | €80,000 | +€80,000 | |
| Trade debts | 44 | €163,672 | €49,880 | -€113,792 | -69.5% |
| Suppliers | 440/4 | €163,672 | €49,880 | -€113,792 | -69.5% |
| Taxes, remuneration and social security | 45 | €1,624 | €12,475 | +€10,851 | +668% |
| Taxes | 450/3 | €1,624 | €12,475 | +€10,851 | +668% |
| Other amounts payable | 47/48 | €366,683 | €785,670 | +€418,987 | +114% |
| Accrued charges and deferred income | 492/3 | - | €3,428 | +€3,428 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,361 | €154,165 | +€2,804 | +1.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€17,748 | -€18,645 | -€897 | -5.1% |
| Other operating charges | 640/8 | €10,353 | €11,252 | +€899 | +8.7% |
| Gross operating margin | 9900 | €218,573 | €276,733 | +€58,160 | +26.6% |
| Operating profit (loss) | 9901 | €74,607 | €129,961 | +€55,354 | +74.2% |
| Financial income | 75/76B | €113,805 | €91,520 | -€22,285 | -19.6% |
| Recurring financial income | 75 | €113,805 | €91,520 | -€22,285 | -19.6% |
| Financial charges | 65/66B | €224,294 | €205,345 | -€18,949 | -8.4% |
| Recurring financial charges | 65 | €224,294 | €205,345 | -€18,949 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | -€35,882 | €16,136 | +€52,018 | |
| Income taxes | 67/77 | €189 | €6,923 | +€6,734 | +3,563% |
| Profit (loss) for the period | 9904 | -€36,071 | €9,213 | +€45,284 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,071 | €9,213 | +€45,284 |
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 22 October 2026 via checked.be.