XEKA-M: 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.
XEKA-M
Largest movements
- Cash +€10,633
up €10,633 (+70.7%), from €15,045 to €25,678
mainly Net result for the year (+€9,265) and Tax, wage and social debts (+€4,534)
- Receivables within one year -€631
down €631 (-9.4%), from €6,729 to €6,098
of which Trade receivables: -€1,038
- Profit (loss) carried forward +€9,265
up €9,265 (+78.9%), from €11,738 to €21,004
- Tax, wage and social debts +€4,534
up €4,534 (+120%), from €3,785 to €8,319
- Other debts -€2,829
down €2,829 (-99.8%), from €2,835 to €7
- Trade debts -€969
down €969 (-68.4%), from €1,415 to €447
- Gross operating margin -€1,556
down €1,556 (-9.0%), from €17,323 to €15,767
- Other operating charges +€937
up €937 (+78.8%), from €1,190 to €2,127
- Financial charges -€278
down €278 (-67.0%), from €415 to €137
- Taxes +€234
up €234 (+6.5%), from €3,586 to €3,820
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.
Derived cash bridge
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 | €21,773 | €31,776 | +€10,003 | +45.9% |
| Current assets | 29/58 | €21,773 | €31,776 | +€10,003 | +45.9% |
| Amounts receivable within one year | 40/41 | €6,729 | €6,098 | -€631 | -9.4% |
| Trade receivables | 40 | €2,689 | €1,652 | -€1,038 | -38.6% |
| Other amounts receivable | 41 | €4,039 | €4,446 | +€407 | +10.1% |
| Cash at bank and in hand | 54/58 | €15,045 | €25,678 | +€10,633 | +70.7% |
| Total equity and liabilities | 10/49 | €21,773 | €31,776 | +€10,003 | +45.9% |
| Equity | 10/15 | €13,738 | €23,004 | +€9,265 | +67.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,738 | €21,004 | +€9,265 | +78.9% |
| Amounts payable | 17/49 | €8,035 | €8,772 | +€737 | +9.2% |
| Amounts payable within one year | 42/48 | €8,035 | €8,772 | +€737 | +9.2% |
| Trade debts | 44 | €1,415 | €447 | -€969 | -68.4% |
| Suppliers | 440/4 | €1,415 | €447 | -€969 | -68.4% |
| Taxes, remuneration and social security | 45 | €3,785 | €8,319 | +€4,534 | +120% |
| Taxes | 450/3 | €3,785 | €8,319 | +€4,534 | +120% |
| Other amounts payable | 47/48 | €2,835 | €7 | -€2,829 | -99.8% |
| Remuneration, social security and pensions | 62 | €394 | €417 | +€23 | +5.8% |
| Other operating charges | 640/8 | €1,190 | €2,127 | +€937 | +78.8% |
| Gross operating margin | 9900 | €17,323 | €15,767 | -€1,556 | -9.0% |
| Operating profit (loss) | 9901 | €15,739 | €13,222 | -€2,516 | -16.0% |
| Financial charges | 65/66B | €415 | €137 | -€278 | -67.0% |
| Recurring financial charges | 65 | €415 | €137 | -€278 | -67.0% |
| Profit (loss) for the period before taxes | 9903 | €15,324 | €13,085 | -€2,239 | -14.6% |
| Income taxes | 67/77 | €3,586 | €3,820 | +€234 | +6.5% |
| Profit (loss) for the period | 9904 | €11,738 | €9,265 | -€2,473 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,738 | €9,265 | -€2,473 | -21.1% |
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 18 October 2026 via checked.be.