XECOM: 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.
XECOM
Largest movements
- Deferred charges and accrued income +€21,494
up €21,494 (+1397.6%), from €1,538 to €23,032
- Tangible fixed assets +€10,954
new in 2025: €10,954
- Cash +€6,001
up €6,001 (+54.1%), from €11,093 to €17,094
mainly Net result for the year (+€38,895) and Debts after one year (+€11,620)
- Receivables within one year +€1,347
new in 2025: €1,347
- Profit (loss) carried forward +€38,895
up €38,895 (+63.8%), from -€60,999 to -€22,105
- Other debts -€30,284
down €30,284 (-100.0%), from €30,284 to €0
- Debts after one year +€11,620
new in 2025: €11,620
- Tax, wage and social debts +€10,897
up €10,897 (+63.1%), from €17,276 to €28,173
of which Taxes: +€10,499
- Current portion of long-term debt +€8,956
new in 2025: €8,956
- Gross operating margin +€71,586
up €71,586 (+85.2%), from €84,010 to €155,596
- Taxes +€15,498
up €15,498 (+1391.6%), from €1,114 to €16,611
- Staff costs +€3,564
up €3,564 (+4.0%), from €88,804 to €92,368
- Depreciation +€2,215
new in 2025: €2,215
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 | €12,631 | €52,428 | +€39,797 | +315.1% |
| Fixed assets | 21/28 | - | €10,954 | +€10,954 | |
| Tangible fixed assets | 22/27 | - | €10,954 | +€10,954 | |
| Furniture and vehicles | 24 | - | €10,954 | +€10,954 | |
| Current assets | 29/58 | €12,631 | €41,473 | +€28,842 | +228.3% |
| Amounts receivable within one year | 40/41 | - | €1,347 | +€1,347 | |
| Other amounts receivable | 41 | - | €1,347 | +€1,347 | |
| Cash at bank and in hand | 54/58 | €11,093 | €17,094 | +€6,001 | +54.1% |
| Deferred charges and accrued income | 490/1 | €1,538 | €23,032 | +€21,494 | +1397.6% |
| Total equity and liabilities | 10/49 | €12,631 | €52,428 | +€39,797 | +315.1% |
| Equity | 10/15 | -€40,999 | -€2,105 | +€38,895 | +94.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,999 | -€22,105 | +€38,895 | +63.8% |
| Amounts payable | 17/49 | €53,630 | €54,532 | +€902 | +1.7% |
| Amounts payable after more than one year | 17 | - | €11,620 | +€11,620 | |
| Financial debts | 170/4 | - | €11,620 | +€11,620 | |
| Amounts payable within one year | 42/48 | €53,630 | €42,913 | -€10,718 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | - | €8,956 | +€8,956 | |
| Trade debts | 44 | €6,070 | €5,784 | -€286 | -4.7% |
| Suppliers | 440/4 | €6,070 | €5,784 | -€286 | -4.7% |
| Taxes, remuneration and social security | 45 | €17,276 | €28,173 | +€10,897 | +63.1% |
| Taxes | 450/3 | €6,538 | €17,036 | +€10,499 | +160.6% |
| Remuneration and social security | 454/9 | €10,738 | €11,136 | +€398 | +3.7% |
| Other amounts payable | 47/48 | €30,284 | €0 | -€30,284 | -100.0% |
| Non-recurring operating income | 76A | - | €531 | +€531 | |
| Remuneration, social security and pensions | 62 | €88,804 | €92,368 | +€3,564 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,215 | +€2,215 | |
| Other operating charges | 640/8 | €1,325 | €1,056 | -€269 | -20.3% |
| Gross operating margin | 9900 | €84,010 | €155,596 | +€71,586 | +85.2% |
| Operating profit (loss) | 9901 | -€6,120 | €59,956 | +€66,076 | |
| Financial income | 75/76B | €23 | €13 | -€10 | -44.9% |
| Recurring financial income | 75 | €23 | €13 | -€10 | -44.9% |
| Financial charges | 65/66B | €5,300 | €4,463 | -€838 | -15.8% |
| Recurring financial charges | 65 | €5,300 | €4,463 | -€838 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,397 | €55,506 | +€66,903 | |
| Income taxes | 67/77 | €1,114 | €16,611 | +€15,498 | +1391.6% |
| Profit (loss) for the period | 9904 | -€12,511 | €38,895 | +€51,405 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,511 | €38,895 | +€51,405 |
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 8 October 2026 via checked.be.