XDnet: 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.
XDnet
Largest movements
- Cash +€377,753
up €377,753 (+292.5%), from €129,151 to €506,904
mainly Net result for the year (+€270,091) and Receivables within one year (+€144,143)
- Receivables within one year -€144,143
down €144,143 (-37.8%), from €381,147 to €237,003
of which Trade receivables: -€85,148
- Stocks and contracts +€23,896
up €23,896 (+82.4%), from €28,983 to €52,878
- Profit (loss) carried forward +€270,091
up €270,091 (+157.1%), from €171,872 to €441,962
- Other debts -€144,373
no longer reported in 2025 (was €144,373)
- Trade debts +€63,972
up €63,972 (+71.7%), from €89,220 to €153,192
- Tax, wage and social debts +€61,674
up €61,674 (+176.8%), from €34,880 to €96,554
of which Taxes: +€60,479
- Current portion of long-term debt +€9,279
up €9,279 (+36.3%), from €25,572 to €34,851
- Gross operating margin +€159,074
up €159,074 (+35.8%), from €444,166 to €603,240
- Taxes +€67,738
up €67,738 (+225.5%), from €30,036 to €97,773
- Financial charges +€17,534
up €17,534 (+403.8%), from €4,342 to €21,876
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 | €595,303 | €850,654 | +€255,351 | +42.9% |
| Fixed assets | 21/28 | €13,997 | €11,456 | -€2,541 | -18.2% |
| Intangible fixed assets | 21 | - | €4,975 | +€4,975 | |
| Tangible fixed assets | 22/27 | €13,997 | €6,481 | -€7,516 | -53.7% |
| Plant, machinery and equipment | 23 | €1,879 | €1,055 | -€824 | -43.9% |
| Furniture and vehicles | 24 | €12,118 | €5,426 | -€6,692 | -55.2% |
| Current assets | 29/58 | €581,306 | €839,198 | +€257,892 | +44.4% |
| Stocks and contracts in progress | 3 | €28,983 | €52,878 | +€23,896 | +82.4% |
| Stocks | 30/36 | €28,983 | €52,878 | +€23,896 | +82.4% |
| Amounts receivable within one year | 40/41 | €381,147 | €237,003 | -€144,143 | -37.8% |
| Trade receivables | 40 | €321,878 | €236,730 | -€85,148 | -26.5% |
| Other amounts receivable | 41 | €59,269 | €274 | -€58,995 | -99.5% |
| Current investments | 50/53 | €35,426 | €35,426 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €129,151 | €506,904 | +€377,753 | +292.5% |
| Deferred charges and accrued income | 490/1 | €6,600 | €6,986 | +€386 | +5.9% |
| Total equity and liabilities | 10/49 | €595,303 | €850,654 | +€255,351 | +42.9% |
| Equity | 10/15 | €287,757 | €557,848 | +€270,091 | +93.9% |
| Contributions | 10/11 | €78,600 | €78,600 | = | 0.0% |
| Reserves | 13 | €37,286 | €37,286 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35,426 | €35,426 | = | 0.0% |
| Own shares acquired | 1312 | €35,426 | €35,426 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €171,872 | €441,962 | +€270,091 | +157.1% |
| Amounts payable | 17/49 | €307,546 | €292,806 | -€14,740 | -4.8% |
| Amounts payable after more than one year | 17 | €13,310 | €8,048 | -€5,262 | -39.5% |
| Financial debts | 170/4 | €13,310 | €8,048 | -€5,262 | -39.5% |
| Amounts payable within one year | 42/48 | €294,045 | €284,596 | -€9,448 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €25,572 | €34,851 | +€9,279 | +36.3% |
| Trade debts | 44 | €89,220 | €153,192 | +€63,972 | +71.7% |
| Suppliers | 440/4 | €89,220 | €153,192 | +€63,972 | +71.7% |
| Taxes, remuneration and social security | 45 | €34,880 | €96,554 | +€61,674 | +176.8% |
| Taxes | 450/3 | €674 | €61,153 | +€60,479 | +8972.6% |
| Remuneration and social security | 454/9 | €34,206 | €35,400 | +€1,195 | +3.5% |
| Other amounts payable | 47/48 | €144,373 | - | -€144,373 | |
| Accrued charges and deferred income | 492/3 | €191 | €161 | -€29 | -15.4% |
| Remuneration, social security and pensions | 62 | €201,642 | €206,707 | +€5,065 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,389 | €4,342 | -€47 | -1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€265 | €187 | +€452 | |
| Other operating charges | 640/8 | €5,478 | €5,471 | -€7 | -0.1% |
| Gross operating margin | 9900 | €444,166 | €603,240 | +€159,074 | +35.8% |
| Operating profit (loss) | 9901 | €232,921 | €386,532 | +€153,611 | +65.9% |
| Financial income | 75/76B | €2,067 | €3,208 | +€1,141 | +55.2% |
| Recurring financial income | 75 | €2,067 | €3,208 | +€1,141 | +55.2% |
| Financial charges | 65/66B | €4,342 | €21,876 | +€17,534 | +403.8% |
| Recurring financial charges | 65 | €4,342 | €21,876 | +€17,534 | +403.8% |
| Profit (loss) for the period before taxes | 9903 | €230,646 | €367,864 | +€137,218 | +59.5% |
| Income taxes | 67/77 | €30,036 | €97,773 | +€67,738 | +225.5% |
| Profit (loss) for the period | 9904 | €200,610 | €270,091 | +€69,480 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €200,610 | €270,091 | +€69,480 | +34.6% |
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 3 October 2026 via checked.be.