XDB Projects: 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.
XDB Projects
Largest movements
- Receivables within one year +€9,793
up €9,793 (+994.0%), from €985 to €10,778
of which Trade receivables: +€9,015
- Cash -€7,448
down €7,448 (-55.5%), from €13,417 to €5,969
mainly Contributions, distributions and other (-€33,345) and Debts after one year (-€14,478)
- Profit (loss) carried forward +€15,339
up €15,339 (+9.2%), from €165,999 to €181,338
- Debts after one year -€14,478
down €14,478 (-17.4%), from €83,333 to €68,855
- Gross operating margin -€4,084
down €4,084 (-5.5%), from €74,067 to €69,983
- Taxes -€896
down €896 (-4.9%), from €18,118 to €17,222
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 | €286,741 | €287,928 | +€1,187 | +0.4% |
| Fixed assets | 21/28 | €271,497 | €270,594 | -€903 | -0.3% |
| Tangible fixed assets | 22/27 | €2,512 | €1,609 | -€903 | -36.0% |
| Furniture and vehicles | 24 | €2,512 | €1,609 | -€903 | -36.0% |
| Financial fixed assets | 28 | €268,985 | €268,985 | = | 0.0% |
| Current assets | 29/58 | €15,244 | €17,334 | +€2,090 | +13.7% |
| Amounts receivable within one year | 40/41 | €985 | €10,778 | +€9,793 | +994.0% |
| Trade receivables | 40 | €985 | €10,000 | +€9,015 | +915.0% |
| Other amounts receivable | 41 | - | €778 | +€778 | |
| Cash at bank and in hand | 54/58 | €13,417 | €5,969 | -€7,448 | -55.5% |
| Deferred charges and accrued income | 490/1 | €842 | €587 | -€255 | -30.3% |
| Total equity and liabilities | 10/49 | €286,741 | €287,928 | +€1,187 | +0.4% |
| Equity | 10/15 | €186,404 | €201,743 | +€15,339 | +8.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,999 | €181,338 | +€15,339 | +9.2% |
| Amounts payable | 17/49 | €100,337 | €86,185 | -€14,153 | -14.1% |
| Amounts payable after more than one year | 17 | €83,333 | €68,855 | -€14,478 | -17.4% |
| Financial debts | 170/4 | €83,333 | €68,855 | -€14,478 | -17.4% |
| Amounts payable within one year | 42/48 | €16,906 | €17,330 | +€424 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €13,696 | €13,942 | +€246 | +1.8% |
| Trade debts | 44 | €600 | €711 | +€111 | +18.4% |
| Suppliers | 440/4 | €600 | €711 | +€111 | +18.4% |
| Taxes, remuneration and social security | 45 | €2,118 | €382 | -€1,736 | -82.0% |
| Taxes | 450/3 | €2,118 | €382 | -€1,736 | -82.0% |
| Other amounts payable | 47/48 | €492 | €2,295 | +€1,803 | +366.5% |
| Accrued charges and deferred income | 492/3 | €98 | - | -€98 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €687 | €903 | +€216 | +31.5% |
| Other operating charges | 640/8 | €1,126 | €1,076 | -€49 | -4.4% |
| Gross operating margin | 9900 | €74,067 | €69,983 | -€4,084 | -5.5% |
| Operating profit (loss) | 9901 | €72,254 | €68,003 | -€4,251 | -5.9% |
| Financial charges | 65/66B | €2,564 | €2,097 | -€467 | -18.2% |
| Recurring financial charges | 65 | €2,564 | €2,097 | -€467 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €69,690 | €65,906 | -€3,784 | -5.4% |
| Income taxes | 67/77 | €18,118 | €17,222 | -€896 | -4.9% |
| Profit (loss) for the period | 9904 | €51,572 | €48,684 | -€2,888 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €51,572 | €48,684 | -€2,888 | -5.6% |
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 10 October 2026 via checked.be.