XCZX: 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.
XCZX
Largest movements
- Tangible fixed assets -€38,603
down €38,603 (-8.3%), from €467,776 to €429,173
of which Land and buildings: -€29,894
- Cash +€10,451
up €10,451 (+114.7%), from €9,112 to €19,564
mainly Depreciation (+€61,430) and Net result for the year (+€49,650)
- Receivables within one year +€7,244
up €7,244 (+14.7%), from €49,415 to €56,659
of which Other amounts receivable: +€8,185
- Other debts -€81,329
down €81,329 (-54.8%), from €148,520 to €67,190
- Reserves +€49,650
up €49,650 (+79.0%), from €62,845 to €112,495
- Trade debts +€6,506
up €6,506 (+42.5%), from €15,305 to €21,810
- Gross operating margin +€31,303
up €31,303 (+12.4%), from €251,591 to €282,894
- Staff costs +€30,691
up €30,691 (+30.3%), from €101,394 to €132,085
- Taxes +€13,201
up €13,201 (+906.9%), from €1,456 to €14,656
- Depreciation +€6,627
up €6,627 (+12.1%), from €54,802 to €61,430
- Financial charges +€4,883
up €4,883 (+28.4%), from €17,211 to €22,094
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 | €537,269 | €516,968 | -€20,301 | -3.8% |
| Fixed assets | 21/28 | €467,776 | €429,173 | -€38,603 | -8.3% |
| Tangible fixed assets | 22/27 | €467,776 | €429,173 | -€38,603 | -8.3% |
| Land and buildings | 22 | €273,979 | €244,085 | -€29,894 | -10.9% |
| Plant, machinery and equipment | 23 | €168,664 | €145,571 | -€23,093 | -13.7% |
| Furniture and vehicles | 24 | €1,911 | €19,168 | +€17,258 | +903.2% |
| Other tangible fixed assets | 26 | €23,223 | €20,349 | -€2,874 | -12.4% |
| Current assets | 29/58 | €69,493 | €87,795 | +€18,302 | +26.3% |
| Stocks and contracts in progress | 3 | €7,110 | €7,340 | +€230 | +3.2% |
| Stocks | 30/36 | €7,110 | €7,340 | +€230 | +3.2% |
| Amounts receivable within one year | 40/41 | €49,415 | €56,659 | +€7,244 | +14.7% |
| Trade receivables | 40 | €4,120 | €3,179 | -€941 | -22.8% |
| Other amounts receivable | 41 | €45,295 | €53,479 | +€8,185 | +18.1% |
| Cash at bank and in hand | 54/58 | €9,112 | €19,564 | +€10,451 | +114.7% |
| Deferred charges and accrued income | 490/1 | €3,856 | €4,233 | +€377 | +9.8% |
| Total equity and liabilities | 10/49 | €537,269 | €516,968 | -€20,301 | -3.8% |
| Equity | 10/15 | €72,845 | €122,495 | +€49,650 | +68.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €62,845 | €112,495 | +€49,650 | +79.0% |
| Distributable reserves | 133 | €62,845 | €112,495 | +€49,650 | +79.0% |
| Amounts payable | 17/49 | €464,424 | €394,473 | -€69,951 | -15.1% |
| Amounts payable after more than one year | 17 | €268,837 | €268,911 | +€74 | 0.0% |
| Financial debts | 170/4 | €268,837 | €268,911 | +€74 | 0.0% |
| Amounts payable within one year | 42/48 | €195,587 | €125,562 | -€70,025 | -35.8% |
| Current portion of amounts payable after more than one year | 42 | €15,488 | €15,567 | +€79 | +0.5% |
| Trade debts | 44 | €15,305 | €21,810 | +€6,506 | +42.5% |
| Suppliers | 440/4 | €15,305 | €21,810 | +€6,506 | +42.5% |
| Taxes, remuneration and social security | 45 | €16,275 | €20,995 | +€4,720 | +29.0% |
| Taxes | 450/3 | €12,193 | €19,778 | +€7,585 | +62.2% |
| Remuneration and social security | 454/9 | €4,082 | €1,217 | -€2,865 | -70.2% |
| Other amounts payable | 47/48 | €148,520 | €67,190 | -€81,329 | -54.8% |
| Remuneration, social security and pensions | 62 | €101,394 | €132,085 | +€30,691 | +30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,802 | €61,430 | +€6,627 | +12.1% |
| Other operating charges | 640/8 | €9,135 | €6,820 | -€2,315 | -25.3% |
| Gross operating margin | 9900 | €251,591 | €282,894 | +€31,303 | +12.4% |
| Operating profit (loss) | 9901 | €86,260 | €82,560 | -€3,700 | -4.3% |
| Financial income | 75/76B | €3,406 | €3,840 | +€434 | +12.8% |
| Recurring financial income | 75 | €3,406 | €3,840 | +€434 | +12.8% |
| Financial charges | 65/66B | €17,211 | €22,094 | +€4,883 | +28.4% |
| Recurring financial charges | 65 | €17,211 | €22,094 | +€4,883 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €72,455 | €64,306 | -€8,149 | -11.2% |
| Income taxes | 67/77 | €1,456 | €14,656 | +€13,201 | +906.9% |
| Profit (loss) for the period | 9904 | €70,999 | €49,650 | -€21,349 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,999 | €49,650 | -€21,349 | -30.1% |
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 7 October 2026 via checked.be.