Xe-Ro: 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.
Xe-Ro
Largest movements
- Tangible fixed assets +€9,096
up €9,096 (+525.9%), from €1,730 to €10,825
of which Furniture and vehicles: +€9,352
- Cash -€2,020
down €2,020 (-64.6%), from €3,126 to €1,106
mainly Investment in fixed assets (net) (-€11,769) and Net result for the year (-€5,445)
- Receivables within one year -€1,963
no longer reported in 2025 (was €1,963)
- Intangible fixed assets -€500
down €500 (-25.0%), from €1,999 to €1,499
- Trade debts +€6,153
up €6,153 (+146.1%), from €4,213 to €10,366
- Profit (loss) carried forward -€5,445
down €5,445, from €0 to -€5,445
- Other debts +€3,728
up €3,728 (+63.0%), from €5,921 to €9,648
- Staff costs +€7,028
up €7,028 (+60.3%), from €11,652 to €18,680
- Gross operating margin -€5,006
down €5,006 (-21.8%), from €22,930 to €17,924
- Taxes -€1,767
down €1,767 (-92.6%), from €1,908 to €141
- Depreciation +€1,762
up €1,762 (+124.9%), from €1,411 to €3,174
- Financial charges -€1,047
down €1,047 (-79.5%), from €1,316 to €269
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 | €24,257 | €28,870 | +€4,613 | +19.0% |
| Fixed assets | 21/28 | €7,228 | €15,824 | +€8,596 | +118.9% |
| Intangible fixed assets | 21 | €1,999 | €1,499 | -€500 | -25.0% |
| Tangible fixed assets | 22/27 | €1,730 | €10,825 | +€9,096 | +525.9% |
| Plant, machinery and equipment | 23 | €1,104 | €848 | -€256 | -23.2% |
| Furniture and vehicles | 24 | €626 | €9,978 | +€9,352 | +1494.4% |
| Financial fixed assets | 28 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €17,029 | €13,046 | -€3,983 | -23.4% |
| Stocks and contracts in progress | 3 | €11,940 | €11,940 | = | 0.0% |
| Stocks | 30/36 | €11,940 | €11,940 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,963 | - | -€1,963 | |
| Trade receivables | 40 | €1,963 | - | -€1,963 | |
| Cash at bank and in hand | 54/58 | €3,126 | €1,106 | -€2,020 | -64.6% |
| Total equity and liabilities | 10/49 | €24,257 | €28,870 | +€4,613 | +19.0% |
| Equity | 10/15 | €7,914 | €2,469 | -€5,445 | -68.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €914 | €914 | = | 0.0% |
| Distributable reserves | 133 | €914 | €914 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€5,445 | -€5,445 | |
| Amounts payable | 17/49 | €16,343 | €26,401 | +€10,058 | +61.5% |
| Amounts payable within one year | 42/48 | €16,343 | €26,401 | +€10,058 | +61.5% |
| Trade debts | 44 | €4,213 | €10,366 | +€6,153 | +146.1% |
| Suppliers | 440/4 | €4,213 | €10,366 | +€6,153 | +146.1% |
| Taxes, remuneration and social security | 45 | €6,210 | €6,387 | +€177 | +2.9% |
| Taxes | 450/3 | €4,234 | €3,375 | -€859 | -20.3% |
| Remuneration and social security | 454/9 | €1,976 | €3,012 | +€1,036 | +52.5% |
| Other amounts payable | 47/48 | €5,921 | €9,648 | +€3,728 | +63.0% |
| Remuneration, social security and pensions | 62 | €11,652 | €18,680 | +€7,028 | +60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,411 | €3,174 | +€1,762 | +124.9% |
| Other operating charges | 640/8 | €1,099 | €1,106 | +€7 | +0.6% |
| Gross operating margin | 9900 | €22,930 | €17,924 | -€5,006 | -21.8% |
| Operating profit (loss) | 9901 | €8,768 | -€5,035 | -€13,803 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -93.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -93.3% |
| Financial charges | 65/66B | €1,316 | €269 | -€1,047 | -79.5% |
| Recurring financial charges | 65 | €1,316 | €269 | -€1,047 | -79.5% |
| Profit (loss) for the period before taxes | 9903 | €7,452 | -€5,304 | -€12,756 | |
| Income taxes | 67/77 | €1,908 | €141 | -€1,767 | -92.6% |
| Profit (loss) for the period | 9904 | €5,544 | -€5,445 | -€10,989 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,544 | -€5,445 | -€10,989 |
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 11 October 2026 via checked.be.