Xclusief: 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.
Xclusief
Largest movements
- Cash +€7,727
up €7,727 (+46.0%), from €16,782 to €24,509
mainly Net result for the year (+€9,571) and Other debts (+€2,220)
- Receivables within one year +€7,314
up €7,314 (+676.4%), from €1,081 to €8,396
of which Trade receivables: +€8,396
- Tangible fixed assets -€1,853
down €1,853 (-37.7%), from €4,922 to €3,069
of which Other tangible fixed assets: -€1,339
- Profit (loss) carried forward +€7,323
no longer reported in 2025 (was -€7,323)
- Reserves +€2,248
up €2,248 (+120.9%), from €1,860 to €4,108
- Other debts +€2,220
up €2,220 (+23.3%), from €9,517 to €11,737
- Tax, wage and social debts +€1,418
up €1,418 (+3000.5%), from €47 to €1,465
- Gross operating margin +€13,802
up €13,802, from -€1,059 to €12,743
- Taxes +€790
new in 2025: €790
- Depreciation +€150
up €150 (+8.8%), from €1,704 to €1,853
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 | €22,786 | €35,973 | +€13,188 | +57.9% |
| Fixed assets | 21/28 | €4,922 | €3,069 | -€1,853 | -37.7% |
| Tangible fixed assets | 22/27 | €4,922 | €3,069 | -€1,853 | -37.7% |
| Furniture and vehicles | 24 | €1,502 | €987 | -€515 | -34.3% |
| Other tangible fixed assets | 26 | €3,420 | €2,082 | -€1,339 | -39.1% |
| Current assets | 29/58 | €17,864 | €32,904 | +€15,041 | +84.2% |
| Amounts receivable within one year | 40/41 | €1,081 | €8,396 | +€7,314 | +676.4% |
| Trade receivables | 40 | - | €8,396 | +€8,396 | |
| Other amounts receivable | 41 | €1,081 | - | -€1,081 | |
| Cash at bank and in hand | 54/58 | €16,782 | €24,509 | +€7,727 | +46.0% |
| Total equity and liabilities | 10/49 | €22,786 | €35,973 | +€13,188 | +57.9% |
| Equity | 10/15 | €13,137 | €22,708 | +€9,571 | +72.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €4,108 | +€2,248 | +120.9% |
| Distributable reserves | 133 | €1,860 | €4,108 | +€2,248 | +120.9% |
| Profit (loss) carried forward | 14 | -€7,323 | - | +€7,323 | |
| Amounts payable | 17/49 | €9,648 | €13,265 | +€3,616 | +37.5% |
| Amounts payable within one year | 42/48 | €9,648 | €13,265 | +€3,616 | +37.5% |
| Trade debts | 44 | €85 | €63 | -€22 | -25.5% |
| Suppliers | 440/4 | €85 | €63 | -€22 | -25.5% |
| Taxes, remuneration and social security | 45 | €47 | €1,465 | +€1,418 | +3000.5% |
| Taxes | 450/3 | €47 | €1,465 | +€1,418 | +3000.5% |
| Other amounts payable | 47/48 | €9,517 | €11,737 | +€2,220 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,704 | €1,853 | +€150 | +8.8% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€1,059 | €12,743 | +€13,802 | |
| Operating profit (loss) | 9901 | -€3,269 | €10,370 | +€13,638 | |
| Financial income | 75/76B | €83 | €123 | +€40 | +48.4% |
| Recurring financial income | 75 | €83 | €123 | +€40 | +48.4% |
| Financial charges | 65/66B | €70 | €131 | +€61 | +88.1% |
| Recurring financial charges | 65 | €70 | €131 | +€61 | +88.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,255 | €10,362 | +€13,617 | |
| Income taxes | 67/77 | - | €790 | +€790 | |
| Profit (loss) for the period | 9904 | -€3,255 | €9,571 | +€12,827 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,255 | €9,571 | +€12,827 |
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 8 October 2026 via checked.be.