Xebi: 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.
Xebi
Largest movements
- Tangible fixed assets +€230,590
up €230,590 (+684.8%), from €33,673 to €264,262
of which Land and buildings: +€239,329
- Cash -€22,863
down €22,863 (-65.5%), from €34,929 to €12,066
mainly Investment in fixed assets (net) (-€247,684) and Deferred charges and accrued income (-€10,972)
- Receivables within one year -€15,066
down €15,066 (-29.0%), from €51,923 to €36,856
of which Trade receivables: -€15,069
- Deferred charges and accrued income +€10,972
up €10,972 (+1009.8%), from €1,087 to €12,058
- Debts after one year +€177,013
new in 2025: €177,013
- Reserves +€13,929
up €13,929 (+19.1%), from €73,091 to €87,020
- Current portion of long-term debt +€10,502
new in 2025: €10,502
- Other operating charges +€30,249
up €30,249 (+499.7%), from €6,053 to €36,302
- Gross operating margin -€19,708
down €19,708 (-19.2%), from €102,596 to €82,887
- Taxes -€11,839
down €11,839 (-64.5%), from €18,342 to €6,503
- Financial charges +€7,186
up €7,186 (+383.7%), from €1,873 to €9,059
- Depreciation +€5,471
up €5,471 (+47.1%), from €11,623 to €17,094
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 | €121,610 | €325,243 | +€203,632 | +167.4% |
| Fixed assets | 21/28 | €33,673 | €264,262 | +€230,590 | +684.8% |
| Tangible fixed assets | 22/27 | €33,673 | €264,262 | +€230,590 | +684.8% |
| Land and buildings | 22 | €877 | €240,206 | +€239,329 | +27300.1% |
| Plant, machinery and equipment | 23 | €3,159 | €2,515 | -€645 | -20.4% |
| Furniture and vehicles | 24 | €24,839 | €18,472 | -€6,367 | -25.6% |
| Other tangible fixed assets | 26 | €4,798 | €3,070 | -€1,727 | -36.0% |
| Current assets | 29/58 | €87,938 | €60,980 | -€26,957 | -30.7% |
| Amounts receivable within one year | 40/41 | €51,923 | €36,856 | -€15,066 | -29.0% |
| Trade receivables | 40 | €50,879 | €35,810 | -€15,069 | -29.6% |
| Other amounts receivable | 41 | €1,043 | €1,046 | +€3 | +0.3% |
| Cash at bank and in hand | 54/58 | €34,929 | €12,066 | -€22,863 | -65.5% |
| Deferred charges and accrued income | 490/1 | €1,087 | €12,058 | +€10,972 | +1009.8% |
| Total equity and liabilities | 10/49 | €121,610 | €325,243 | +€203,632 | +167.4% |
| Equity | 10/15 | €75,591 | €89,520 | +€13,929 | +18.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €73,091 | €87,020 | +€13,929 | +19.1% |
| Distributable reserves | 133 | €73,091 | €87,020 | +€13,929 | +19.1% |
| Amounts payable | 17/49 | €46,020 | €235,723 | +€189,703 | +412.2% |
| Amounts payable after more than one year | 17 | - | €177,013 | +€177,013 | |
| Financial debts | 170/4 | - | €177,013 | +€177,013 | |
| Amounts payable within one year | 42/48 | €45,025 | €57,601 | +€12,576 | +27.9% |
| Current portion of amounts payable after more than one year | 42 | - | €10,502 | +€10,502 | |
| Trade debts | 44 | €559 | €607 | +€48 | +8.6% |
| Suppliers | 440/4 | €559 | €607 | +€48 | +8.6% |
| Taxes, remuneration and social security | 45 | €16,939 | €19,593 | +€2,655 | +15.7% |
| Taxes | 450/3 | €16,939 | €16,458 | -€480 | -2.8% |
| Remuneration and social security | 454/9 | - | €3,135 | +€3,135 | |
| Other amounts payable | 47/48 | €27,527 | €26,898 | -€629 | -2.3% |
| Accrued charges and deferred income | 492/3 | €995 | €1,110 | +€114 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,623 | €17,094 | +€5,471 | +47.1% |
| Other operating charges | 640/8 | €6,053 | €36,302 | +€30,249 | +499.7% |
| Gross operating margin | 9900 | €102,596 | €82,887 | -€19,708 | -19.2% |
| Operating profit (loss) | 9901 | €84,919 | €29,491 | -€55,428 | -65.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1900.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1900.0% |
| Financial charges | 65/66B | €1,873 | €9,059 | +€7,186 | +383.7% |
| Recurring financial charges | 65 | €1,873 | €9,059 | +€7,186 | +383.7% |
| Profit (loss) for the period before taxes | 9903 | €83,046 | €20,432 | -€62,614 | -75.4% |
| Income taxes | 67/77 | €18,342 | €6,503 | -€11,839 | -64.5% |
| Profit (loss) for the period | 9904 | €64,704 | €13,929 | -€50,775 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €64,704 | €13,929 | -€50,775 | -78.5% |
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 2 October 2026 via checked.be.