XEDIS: 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.
XEDIS
Largest movements
- Cash -€250,925
down €250,925 (-58.5%), from €428,826 to €177,901
mainly Net result for the year (-€139,850) and Receivables within one year (-€71,566)
- Tangible fixed assets -€103,023
down €103,023 (-46.6%), from €220,930 to €117,907
of which Land and buildings: -€183,755
- Receivables within one year +€71,566
up €71,566 (+15.3%), from €466,776 to €538,341
of which Trade receivables: +€70,743
- Financial fixed assets +€11,650
up €11,650 (+3249.7%), from €359 to €12,009
- Profit (loss) carried forward -€139,850
down €139,850 (-96.4%), from -€145,012 to -€284,862
- Trade debts -€68,359
down €68,359 (-15.9%), from €431,137 to €362,778
- Current portion of long-term debt +€48,475
up €48,475 (+151.1%), from €32,073 to €80,548
- Accrued charges and deferred income -€39,656
no longer reported in 2025 (was €39,656)
- Tax, wage and social debts -€33,903
down €33,903 (-25.3%), from €133,830 to €99,927
of which Remuneration and social security: -€35,985
- Turnover -€988,099
down €988,099 (-21.5%), from €4.6m to €3.6m
- Purchases and services -€593,485
down €593,485 (-17.7%), from €3.4m to €2.8m
- Gross operating margin -€401,025
down €401,025 (-30.8%), from €1.3m to €899,651
- Staff costs -€236,086
down €236,086 (-21.0%), from €1.1m to €886,792
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 | €1,164,403 | €903,572 | -€260,831 | -22.4% |
| Fixed assets | 21/28 | €221,288 | €129,916 | -€91,373 | -41.3% |
| Tangible fixed assets | 22/27 | €220,930 | €117,907 | -€103,023 | -46.6% |
| Land and buildings | 22 | €203,753 | €19,998 | -€183,755 | -90.2% |
| Plant, machinery and equipment | 23 | €10,862 | €13,697 | +€2,836 | +26.1% |
| Furniture and vehicles | 24 | €309 | €75 | -€234 | -75.7% |
| Other tangible fixed assets | 26 | €6,006 | €84,137 | +€78,131 | +1300.8% |
| Financial fixed assets | 28 | €359 | €12,009 | +€11,650 | +3249.7% |
| Current assets | 29/58 | €943,115 | €773,656 | -€169,458 | -18.0% |
| Amounts receivable within one year | 40/41 | €466,776 | €538,341 | +€71,566 | +15.3% |
| Trade receivables | 40 | €453,819 | €524,563 | +€70,743 | +15.6% |
| Other amounts receivable | 41 | €12,956 | €13,779 | +€823 | +6.3% |
| Current investments | 50/53 | €40,000 | €40,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €428,826 | €177,901 | -€250,925 | -58.5% |
| Deferred charges and accrued income | 490/1 | €7,513 | €17,414 | +€9,901 | +131.8% |
| Total equity and liabilities | 10/49 | €1,164,403 | €903,572 | -€260,831 | -22.4% |
| Equity | 10/15 | €238,743 | €98,893 | -€139,850 | -58.6% |
| Contributions | 10/11 | €186,250 | €186,250 | = | 0.0% |
| Reserves | 13 | €197,505 | €197,505 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €157,505 | €157,505 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,012 | -€284,862 | -€139,850 | -96.4% |
| Amounts payable | 17/49 | €925,660 | €804,679 | -€120,981 | -13.1% |
| Amounts payable after more than one year | 17 | €270,916 | €260,879 | -€10,037 | -3.7% |
| Financial debts | 170/4 | €270,916 | €260,879 | -€10,037 | -3.7% |
| Amounts payable within one year | 42/48 | €615,088 | €543,800 | -€71,288 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €32,073 | €80,548 | +€48,475 | +151.1% |
| Trade debts | 44 | €431,137 | €362,778 | -€68,359 | -15.9% |
| Suppliers | 440/4 | €431,137 | €362,778 | -€68,359 | -15.9% |
| Taxes, remuneration and social security | 45 | €133,830 | €99,927 | -€33,903 | -25.3% |
| Taxes | 450/3 | €13,521 | €15,603 | +€2,082 | +15.4% |
| Remuneration and social security | 454/9 | €120,308 | €84,323 | -€35,985 | -29.9% |
| Other amounts payable | 47/48 | €18,049 | €548 | -€17,501 | -97.0% |
| Accrued charges and deferred income | 492/3 | €39,656 | - | -€39,656 | |
| Turnover | 70 | €4,593,725 | €3,605,626 | -€988,099 | -21.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,352,419 | €2,758,934 | -€593,485 | -17.7% |
| Remuneration, social security and pensions | 62 | €1,122,878 | €886,792 | -€236,086 | -21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,904 | €13,488 | -€7,416 | -35.5% |
| Other operating charges | 640/8 | €33,136 | €18,074 | -€15,062 | -45.5% |
| Non-recurring operating charges | 66A | - | €102,576 | +€102,576 | |
| Gross operating margin | 9900 | €1,300,676 | €899,651 | -€401,025 | -30.8% |
| Operating profit (loss) | 9901 | €123,759 | -€121,278 | -€245,037 | |
| Financial income | 75/76B | €65 | €22,100 | +€22,035 | +33883.9% |
| Recurring financial income | 75 | €65 | €102 | +€37 | +56.8% |
| Non-recurring financial income | 76B | - | €21,998 | +€21,998 | |
| Financial charges | 65/66B | €37,069 | €38,357 | +€1,288 | +3.5% |
| Recurring financial charges | 65 | €37,069 | €38,357 | +€1,288 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €86,754 | -€137,536 | -€224,290 | |
| Income taxes | 67/77 | €27,091 | €2,314 | -€24,777 | -91.5% |
| Profit (loss) for the period | 9904 | €59,664 | -€139,850 | -€199,514 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,664 | -€139,850 | -€199,514 |
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.