XEFI BELGIUM: what changed
XEFI BELGIUM
Largest movements
- Cash +€312,997
up €312,997 (+219%), from €143,112 to €456,109
mainly Trade debts (+€369,243) and Tax, wage and social debts (+€3,541)
- Trade debts +€369,243
up €369,243 (+179%), from €206,077 to €575,320
- Profit (loss) carried forward -€40,195
down €40,195, from €30,635 to -€9,561
- Other debts -€13,583
down €13,583 (-99.8%), from €13,606 to €23
- Accrued charges and deferred income -€8,400
down €8,400 (-100%), from €8,400 to €0
- Gross operating margin -€168,196
down €168,196 (-82.6%), from €203,708 to €35,511
- Staff costs -€64,863
down €64,863 (-46.4%), from €139,752 to €74,888
- Taxes -€17,690
down €17,690 (-99.3%), from €17,811 to €121
- Other operating charges -€2,653
down €2,653 (-96.4%), from €2,752 to €99
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €393,320 | €703,925 | +€310,605 | +79.0% |
| Fixed assets | 21/28 | €639 | €451 | -€188 | -29.5% |
| Tangible fixed assets | 22/27 | €501 | €313 | -€188 | -37.6% |
| Furniture and vehicles | 24 | €501 | €313 | -€188 | -37.6% |
| Financial fixed assets | 28 | €138 | €138 | = | 0.0% |
| Current assets | 29/58 | €392,681 | €703,474 | +€310,793 | +79.1% |
| Amounts receivable within one year | 40/41 | €248,524 | €247,365 | -€1,159 | -0.5% |
| Trade receivables | 40 | €225,777 | €192,836 | -€32,942 | -14.6% |
| Other amounts receivable | 41 | €22,746 | €54,529 | +€31,783 | +140% |
| Cash at bank and in hand | 54/58 | €143,112 | €456,109 | +€312,997 | +219% |
| Deferred charges and accrued income | 490/1 | €1,045 | €0 | -€1,045 | -100% |
| Total equity and liabilities | 10/49 | €393,320 | €703,925 | +€310,605 | +79.0% |
| Equity | 10/15 | €80,635 | €40,439 | -€40,195 | -49.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,635 | -€9,561 | -€40,195 | |
| Amounts payable | 17/49 | €312,685 | €663,486 | +€350,800 | +112% |
| Amounts payable within one year | 42/48 | €304,285 | €663,486 | +€359,200 | +118% |
| Trade debts | 44 | €206,077 | €575,320 | +€369,243 | +179% |
| Suppliers | 440/4 | €206,077 | €575,320 | +€369,243 | +179% |
| Taxes, remuneration and social security | 45 | €84,602 | €88,142 | +€3,541 | +4.2% |
| Taxes | 450/3 | €63,942 | €87,568 | +€23,625 | +36.9% |
| Remuneration and social security | 454/9 | €20,659 | €575 | -€20,084 | -97.2% |
| Other amounts payable | 47/48 | €13,606 | €23 | -€13,583 | -99.8% |
| Accrued charges and deferred income | 492/3 | €8,400 | €0 | -€8,400 | -100% |
| Remuneration, social security and pensions | 62 | €139,752 | €74,888 | -€64,863 | -46.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64 | €188 | +€124 | +195% |
| Other operating charges | 640/8 | €2,752 | €99 | -€2,653 | -96.4% |
| Gross operating margin | 9900 | €203,708 | €35,511 | -€168,196 | -82.6% |
| Operating profit (loss) | 9901 | €61,140 | -€39,664 | -€100,804 | |
| Financial charges | 65/66B | €881 | €410 | -€471 | -53.4% |
| Recurring financial charges | 65 | €881 | €410 | -€471 | -53.4% |
| Profit (loss) for the period before taxes | 9903 | €60,259 | -€40,075 | -€100,333 | |
| Income taxes | 67/77 | €17,811 | €121 | -€17,690 | -99.3% |
| Profit (loss) for the period | 9904 | €42,448 | -€40,195 | -€82,644 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,448 | -€40,195 | -€82,644 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.