XD XPERT: 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.
What changed
XD XPERT
NACE 69.201, Certified accountants and tax accountants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€59,361
2024 · -€23,870-€35,491
Equity
€220,949
2024 · €280,310-€59,361
Cash
€7,478
2024 · €6,597+€882
Balance sheet total
€1.1m
2024 · €1.2m-€93,286
Largest movements
Assets
- Receivables within one year -€57,523
down €57,523 (-16.3%), from €352,754 to €295,231
of which Trade receivables: -€51,972
- Tangible fixed assets -€34,768
down €34,768 (-4.2%), from €819,599 to €784,831
of which Land and buildings: -€28,340
Equity and liabilities
- Debts after one year -€60,066
down €60,066 (-8.8%), from €678,822 to €618,757
of which Financial debts: -€63,466
- Profit (loss) carried forward -€59,361
down €59,361 (-26.8%), from €221,343 to €161,982
- Trade debts +€29,575
up €29,575 (+35.4%), from €83,588 to €113,163
Income statement
- Gross operating margin -€51,511
down €51,511 (-19.7%), from €261,474 to €209,963
- Depreciation -€12,287
down €12,287 (-23.4%), from €52,571 to €40,284
- Other operating charges +€11,973
up €11,973 (+81.2%), from €14,741 to €26,714
- Write-downs -€8,787
down €8,787 (-18.5%), from €47,388 to €38,601
- Taxes -€3,524
no longer reported in 2025 (was €3,524)
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.
Result 2024
-€23,870
Gross operating margin
-€51,511
Staff costs
+€1,238
Depreciation
+€12,287
Write-downs
+€8,787
Other operating charges
-€11,973
Other operating items
-€1,758
Financial income
+€3,163
Financial charges
+€753
Taxes
+€3,524
Result 2025
-€59,361
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€66,727
Investment
-€2,685
Financing
-€63,160
Cash 2024
€6,597
From operations (derived)
+€66,727
Net result for the year
-€59,361
Depreciation
+€40,284
Receivables within one year
+€57,523
Deferred charges and accrued income
-€954
Trade debts
+€29,575
Tax, wage and social debts
+€360
Other debts
-€547
Accrued charges and deferred income
-€154
Investment (derived)
-€2,685
Investment in fixed assets (net)
-€2,685
Financing
-€63,160
Debts after one year
-€60,066
Current portion of long-term debt
-€3,869
Short-term financial debts
+€775
Cash 2025
€7,478
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,224,242 | €1,130,956 | -€93,286 | -7.6% |
| Fixed assets | 21/28 | €822,430 | €784,831 | -€37,599 | -4.6% |
| Intangible fixed assets | 21 | €2,831 | - | -€2,831 | |
| Tangible fixed assets | 22/27 | €819,599 | €784,831 | -€34,768 | -4.2% |
| Land and buildings | 22 | €787,399 | €759,059 | -€28,340 | -3.6% |
| Furniture and vehicles | 24 | €19,774 | €15,737 | -€4,036 | -20.4% |
| Other tangible fixed assets | 26 | €12,426 | €10,035 | -€2,391 | -19.2% |
| Current assets | 29/58 | €401,812 | €346,125 | -€55,688 | -13.9% |
| Amounts receivable within one year | 40/41 | €352,754 | €295,231 | -€57,523 | -16.3% |
| Trade receivables | 40 | €329,390 | €277,418 | -€51,972 | -15.8% |
| Other amounts receivable | 41 | €23,364 | €17,813 | -€5,550 | -23.8% |
| Current investments | 50/53 | €1,453 | €1,453 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,597 | €7,478 | +€882 | +13.4% |
| Deferred charges and accrued income | 490/1 | €41,009 | €41,963 | +€954 | +2.3% |
| Total equity and liabilities | 10/49 | €1,224,242 | €1,130,956 | -€93,286 | -7.6% |
| Equity | 10/15 | €280,310 | €220,949 | -€59,361 | -21.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €33,967 | €33,967 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,000 | €21,000 | = | 0.0% |
| Distributable reserves | 133 | €10,467 | €10,467 | = | 0.0% |
| Profit (loss) carried forward | 14 | €221,343 | €161,982 | -€59,361 | -26.8% |
| Amounts payable | 17/49 | €943,932 | €910,006 | -€33,925 | -3.6% |
| Amounts payable after more than one year | 17 | €678,822 | €618,757 | -€60,066 | -8.8% |
| Financial debts | 170/4 | €676,722 | €613,257 | -€63,466 | -9.4% |
| Other amounts payable | 178/9 | €2,100 | €5,500 | +€3,400 | +162% |
| Amounts payable within one year | 42/48 | €264,955 | €291,250 | +€26,295 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €73,643 | €69,773 | -€3,869 | -5.3% |
| Financial debts | 43 | €50,063 | €50,838 | +€775 | +1.5% |
| Credit institutions | 430/8 | €50,063 | €50,838 | +€775 | +1.5% |
| Trade debts | 44 | €83,588 | €113,163 | +€29,575 | +35.4% |
| Suppliers | 440/4 | €83,588 | €113,163 | +€29,575 | +35.4% |
| Taxes, remuneration and social security | 45 | €23,209 | €23,570 | +€360 | +1.6% |
| Taxes | 450/3 | €7,259 | €11,942 | +€4,682 | +64.5% |
| Remuneration and social security | 454/9 | €15,950 | €11,628 | -€4,322 | -27.1% |
| Other amounts payable | 47/48 | €34,453 | €33,906 | -€547 | -1.6% |
| Accrued charges and deferred income | 492/3 | €154 | - | -€154 | |
| Remuneration, social security and pensions | 62 | €148,998 | €147,760 | -€1,238 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,571 | €40,284 | -€12,287 | -23.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €47,388 | €38,601 | -€8,787 | -18.5% |
| Other operating charges | 640/8 | €14,741 | €26,714 | +€11,973 | +81.2% |
| Non-recurring operating charges | 66A | €322 | €2,080 | +€1,758 | +546% |
| Gross operating margin | 9900 | €261,474 | €209,963 | -€51,511 | -19.7% |
| Operating profit (loss) | 9901 | -€2,546 | -€45,477 | -€42,931 | -1,686% |
| Financial income | 75/76B | €95 | €3,258 | +€3,163 | +3,325% |
| Recurring financial income | 75 | €95 | €3,258 | +€3,163 | +3,325% |
| Financial charges | 65/66B | €17,895 | €17,141 | -€753 | -4.2% |
| Recurring financial charges | 65 | €17,895 | €17,141 | -€753 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,346 | -€59,361 | -€39,015 | -192% |
| Income taxes | 67/77 | €3,524 | - | -€3,524 | |
| Profit (loss) for the period | 9904 | -€23,870 | -€59,361 | -€35,491 | -149% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,870 | -€59,361 | -€35,491 | -149% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.