XD PRODUCTION: 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 PRODUCTION
Largest movements
- Receivables within one year +€962,283
up €962,283 (+308%), from €312,725 to €1.3m
of which Other amounts receivable: +€916,902
- Cash -€560,781
down €560,781 (-74.8%), from €749,883 to €189,102
mainly Receivables within one year (-€962,283) and Tax, wage and social debts (-€19,913)
- Profit (loss) carried forward +€398,439
up €398,439 (+41.5%), from €960,857 to €1.4m
- Gross operating margin -€110,263
down €110,263 (-45.0%), from €245,014 to €134,751
- Financial income +€64,651
up €64,651 (+21.6%), from €300,000 to €364,651
- Taxes -€4,599
down €4,599 (-24.1%), from €19,093 to €14,494
- Financial charges +€3,008
up €3,008 (+6.0%), from €50,392 to €53,399
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 | €1,933,221 | €2,316,236 | +€383,015 | +19.8% |
| Formation expenses | 20 | €835 | €645 | -€190 | -22.8% |
| Fixed assets | 21/28 | €869,207 | €850,925 | -€18,282 | -2.1% |
| Tangible fixed assets | 22/27 | €849,207 | €830,925 | -€18,282 | -2.2% |
| Land and buildings | 22 | €848,312 | €830,567 | -€17,745 | -2.1% |
| Furniture and vehicles | 24 | €895 | €358 | -€537 | -60.0% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €1,063,179 | €1,464,665 | +€401,487 | +37.8% |
| Amounts receivable within one year | 40/41 | €312,725 | €1,275,008 | +€962,283 | +308% |
| Trade receivables | 40 | €9,371 | €54,752 | +€45,382 | +484% |
| Other amounts receivable | 41 | €303,354 | €1,220,256 | +€916,902 | +302% |
| Cash at bank and in hand | 54/58 | €749,883 | €189,102 | -€560,781 | -74.8% |
| Deferred charges and accrued income | 490/1 | €571 | €555 | -€16 | -2.8% |
| Total equity and liabilities | 10/49 | €1,933,221 | €2,316,236 | +€383,015 | +19.8% |
| Equity | 10/15 | €981,317 | €1,379,756 | +€398,439 | +40.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €960,857 | €1,359,296 | +€398,439 | +41.5% |
| Amounts payable | 17/49 | €951,904 | €936,479 | -€15,425 | -1.6% |
| Amounts payable after more than one year | 17 | €851,147 | €850,286 | -€861 | -0.1% |
| Financial debts | 170/4 | €504,136 | €463,206 | -€40,930 | -8.1% |
| Other amounts payable | 178/9 | €347,011 | €387,080 | +€40,069 | +11.5% |
| Amounts payable within one year | 42/48 | €95,407 | €80,843 | -€14,564 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €39,088 | €40,930 | +€1,842 | +4.7% |
| Financial debts | 43 | - | €2,135 | +€2,135 | |
| Credit institutions | 430/8 | - | €2,135 | +€2,135 | |
| Trade debts | 44 | €11,575 | €12,947 | +€1,372 | +11.9% |
| Suppliers | 440/4 | €11,575 | €12,947 | +€1,372 | +11.9% |
| Taxes, remuneration and social security | 45 | €44,744 | €24,831 | -€19,913 | -44.5% |
| Taxes | 450/3 | €44,744 | €24,831 | -€19,913 | -44.5% |
| Accrued charges and deferred income | 492/3 | €5,350 | €5,350 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,329 | €26,676 | +€347 | +1.3% |
| Other operating charges | 640/8 | €2,067 | €2,791 | +€724 | +35.0% |
| Non-recurring operating charges | 66A | €70,798 | €3,602 | -€67,196 | -94.9% |
| Gross operating margin | 9900 | €245,014 | €134,751 | -€110,263 | -45.0% |
| Operating profit (loss) | 9901 | €145,820 | €101,682 | -€44,138 | -30.3% |
| Financial income | 75/76B | €300,000 | €364,651 | +€64,651 | +21.6% |
| Recurring financial income | 75 | €300,000 | €364,651 | +€64,651 | +21.6% |
| Financial charges | 65/66B | €50,392 | €53,399 | +€3,008 | +6.0% |
| Recurring financial charges | 65 | €50,392 | €53,399 | +€3,008 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €395,428 | €412,934 | +€17,505 | +4.4% |
| Income taxes | 67/77 | €19,093 | €14,494 | -€4,599 | -24.1% |
| Profit (loss) for the period | 9904 | €376,335 | €398,439 | +€22,105 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €376,335 | €398,439 | +€22,105 | +5.9% |
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 14 October 2026 via checked.be.