XD ELEC: 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.
XD ELEC
Largest movements
- Receivables within one year -€9,867
down €9,867 (-32.9%), from €29,974 to €20,107
of which Trade receivables: -€6,096
- Tangible fixed assets -€5,694
down €5,694 (-51.0%), from €11,158 to €5,464
of which Furniture and vehicles: -€5,328
- Deferred charges and accrued income -€5,673
down €5,673 (-91.0%), from €6,232 to €560
- Cash -€3,908
down €3,908 (-10.1%), from €38,825 to €34,917
mainly Trade debts (-€15,892) and Contributions, distributions and other (-€12,941)
- Trade debts -€15,892
down €15,892 (-58.4%), from €27,196 to €11,304
- Profit (loss) carried forward -€6,394
down €6,394 (-98.6%), from €6,484 to €90
- Debts after one year -€2,795
no longer reported in 2025 (was €2,795)
- Current portion of long-term debt -€2,754
down €2,754 (-49.6%), from €5,548 to €2,795
- Tax, wage and social debts +€2,558
up €2,558 (+21.9%), from €11,672 to €14,230
of which Remuneration and social security: +€1,513
- Gross operating margin -€3,516
down €3,516 (-5.5%), from €64,274 to €60,759
- Taxes +€1,145
up €1,145 (+86.0%), from €1,332 to €2,477
- Depreciation +€678
up €678 (+13.5%), from €5,016 to €5,694
- Financial charges -€676
down €676 (-44.7%), from €1,512 to €836
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 | €88,864 | €64,223 | -€24,642 | -27.7% |
| Fixed assets | 21/28 | €11,333 | €5,639 | -€5,694 | -50.2% |
| Tangible fixed assets | 22/27 | €11,158 | €5,464 | -€5,694 | -51.0% |
| Plant, machinery and equipment | 23 | €666 | €300 | -€366 | -55.0% |
| Furniture and vehicles | 24 | €10,492 | €5,164 | -€5,328 | -50.8% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €77,531 | €58,584 | -€18,947 | -24.4% |
| Stocks and contracts in progress | 3 | €2,500 | €3,000 | +€500 | +20.0% |
| Stocks | 30/36 | €2,500 | €3,000 | +€500 | +20.0% |
| Amounts receivable within one year | 40/41 | €29,974 | €20,107 | -€9,867 | -32.9% |
| Trade receivables | 40 | €20,952 | €14,857 | -€6,096 | -29.1% |
| Other amounts receivable | 41 | €9,022 | €5,251 | -€3,771 | -41.8% |
| Cash at bank and in hand | 54/58 | €38,825 | €34,917 | -€3,908 | -10.1% |
| Deferred charges and accrued income | 490/1 | €6,232 | €560 | -€5,673 | -91.0% |
| Total equity and liabilities | 10/49 | €88,864 | €64,223 | -€24,642 | -27.7% |
| Equity | 10/15 | €25,084 | €18,690 | -€6,394 | -25.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,484 | €90 | -€6,394 | -98.6% |
| Amounts payable | 17/49 | €63,780 | €45,533 | -€18,247 | -28.6% |
| Amounts payable after more than one year | 17 | €2,795 | - | -€2,795 | |
| Financial debts | 170/4 | €2,795 | - | -€2,795 | |
| Amounts payable within one year | 42/48 | €60,986 | €45,533 | -€15,453 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €5,548 | €2,795 | -€2,754 | -49.6% |
| Trade debts | 44 | €27,196 | €11,304 | -€15,892 | -58.4% |
| Suppliers | 440/4 | €27,196 | €11,304 | -€15,892 | -58.4% |
| Taxes, remuneration and social security | 45 | €11,672 | €14,230 | +€2,558 | +21.9% |
| Taxes | 450/3 | €6,506 | €7,551 | +€1,045 | +16.1% |
| Remuneration and social security | 454/9 | €5,166 | €6,679 | +€1,513 | +29.3% |
| Other amounts payable | 47/48 | €16,569 | €17,204 | +€634 | +3.8% |
| Remuneration, social security and pensions | 62 | €44,470 | €44,822 | +€352 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,016 | €5,694 | +€678 | +13.5% |
| Other operating charges | 640/8 | €298 | €383 | +€85 | +28.6% |
| Gross operating margin | 9900 | €64,274 | €60,759 | -€3,516 | -5.5% |
| Operating profit (loss) | 9901 | €14,490 | €9,859 | -€4,631 | -32.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,512 | €836 | -€676 | -44.7% |
| Recurring financial charges | 65 | €1,512 | €836 | -€676 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | €12,980 | €9,024 | -€3,956 | -30.5% |
| Income taxes | 67/77 | €1,332 | €2,477 | +€1,145 | +86.0% |
| Profit (loss) for the period | 9904 | €11,648 | €6,547 | -€5,101 | -43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,648 | €6,547 | -€5,101 | -43.8% |
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.