XEDO: 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.
XEDO
Largest movements
- Receivables within one year -€19,698
down €19,698 (-58.8%), from €33,478 to €13,780
of which Other amounts receivable: -€17,532
- Tangible fixed assets -€12,272
down €12,272 (-5.7%), from €217,107 to €204,834
of which Land and buildings: -€7,459
- Cash -€2,862
down €2,862 (-24.2%), from €11,818 to €8,956
mainly Net result for the year (-€31,452) and Tax, wage and social debts (-€4,858)
- Profit (loss) carried forward -€31,452
down €31,452 (-18.5%), from €170,334 to €138,882
- Tax, wage and social debts -€4,858
no longer reported in 2025 (was €4,858)
- Other debts +€2,815
new in 2025: €2,815
- Write-downs -€77,500
down €77,500 (-86.1%), from €90,000 to €12,500
- Gross operating margin +€56,350
up €56,350 (+95.3%), from -€59,140 to -€2,790
- Purchases and services -€50,589
down €50,589 (-61.4%), from €82,340 to €31,751
- Depreciation +€2,510
up €2,510 (+25.7%), from €9,762 to €12,272
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 | €270,897 | €236,703 | -€34,193 | -12.6% |
| Fixed assets | 21/28 | €217,107 | €204,834 | -€12,272 | -5.7% |
| Tangible fixed assets | 22/27 | €217,107 | €204,834 | -€12,272 | -5.7% |
| Land and buildings | 22 | €204,947 | €197,488 | -€7,459 | -3.6% |
| Plant, machinery and equipment | 23 | €11,895 | €7,346 | -€4,549 | -38.2% |
| Furniture and vehicles | 24 | €264 | - | -€264 | |
| Current assets | 29/58 | €53,790 | €31,869 | -€21,921 | -40.8% |
| Amounts receivable after more than one year | 29 | €8,333 | €8,333 | = | 0.0% |
| Other amounts receivable | 291 | €8,333 | €8,333 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,478 | €13,780 | -€19,698 | -58.8% |
| Trade receivables | 40 | €2,979 | €813 | -€2,166 | -72.7% |
| Other amounts receivable | 41 | €30,499 | €12,967 | -€17,532 | -57.5% |
| Cash at bank and in hand | 54/58 | €11,818 | €8,956 | -€2,862 | -24.2% |
| Deferred charges and accrued income | 490/1 | €161 | €800 | +€639 | +396.7% |
| Total equity and liabilities | 10/49 | €270,897 | €236,703 | -€34,193 | -12.6% |
| Equity | 10/15 | €258,334 | €226,882 | -€31,452 | -12.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €68,000 | €68,000 | = | 0.0% |
| Distributable reserves | 133 | €68,000 | €68,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,334 | €138,882 | -€31,452 | -18.5% |
| Amounts payable | 17/49 | €12,562 | €9,821 | -€2,741 | -21.8% |
| Amounts payable within one year | 42/48 | €12,054 | €9,821 | -€2,233 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €2,740 | €3,200 | +€460 | +16.8% |
| Trade debts | 44 | €4,457 | €3,806 | -€651 | -14.6% |
| Suppliers | 440/4 | €4,457 | €3,806 | -€651 | -14.6% |
| Taxes, remuneration and social security | 45 | €4,858 | - | -€4,858 | |
| Taxes | 450/3 | €4,858 | - | -€4,858 | |
| Other amounts payable | 47/48 | - | €2,815 | +€2,815 | |
| Accrued charges and deferred income | 492/3 | €508 | - | -€508 | |
| Goods, raw materials, services and sundry goods | 60/61 | €82,340 | €31,751 | -€50,589 | -61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,762 | €12,272 | +€2,510 | +25.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €90,000 | €12,500 | -€77,500 | -86.1% |
| Other operating charges | 640/8 | €2,367 | €2,560 | +€193 | +8.2% |
| Gross operating margin | 9900 | -€59,140 | -€2,790 | +€56,350 | +95.3% |
| Operating profit (loss) | 9901 | -€161,270 | -€30,123 | +€131,147 | +81.3% |
| Financial income | 75/76B | €657 | €417 | -€240 | -36.6% |
| Recurring financial income | 75 | €657 | €417 | -€240 | -36.6% |
| Financial charges | 65/66B | €1,094 | €1,561 | +€467 | +42.7% |
| Recurring financial charges | 65 | €1,094 | €1,561 | +€467 | +42.7% |
| Profit (loss) for the period before taxes | 9903 | -€161,707 | -€31,267 | +€130,440 | +80.7% |
| Income taxes | 67/77 | €226 | €185 | -€41 | -18.2% |
| Profit (loss) for the period | 9904 | -€161,934 | -€31,452 | +€130,482 | +80.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€161,934 | -€31,452 | +€130,482 | +80.6% |
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.