XEL Consulting: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
XEL Consulting
Largest movements
- Cash -€63,625
down €63,625 (-69.6%), from €91,355 to €27,730
mainly Contributions, distributions and other (-€107,668) and Smaller working-capital items (-€340)
- Receivables within one year -€2,444
down €2,444 (-11.8%), from €20,732 to €18,287
of which Other amounts receivable: -€2,452
- Reserves -€66,581
down €66,581 (-59.5%), from €111,970 to €45,390
- Gross operating margin -€2,506
down €2,506 (-4.4%), from €57,116 to €54,611
- Other operating charges -€1,821
down €1,821 (-59.4%), from €3,068 to €1,247
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,704 | €54,879 | -€66,825 | -54.9% |
| Fixed assets | 21/28 | €8,011 | €7,160 | -€851 | -10.6% |
| Tangible fixed assets | 22/27 | €8,011 | €7,160 | -€851 | -10.6% |
| Other tangible fixed assets | 26 | €8,011 | €7,160 | -€851 | -10.6% |
| Current assets | 29/58 | €113,693 | €47,719 | -€65,974 | -58.0% |
| Amounts receivable within one year | 40/41 | €20,732 | €18,287 | -€2,444 | -11.8% |
| Trade receivables | 40 | €14,688 | €14,696 | +€8 | +0.1% |
| Other amounts receivable | 41 | €6,044 | €3,591 | -€2,452 | -40.6% |
| Cash at bank and in hand | 54/58 | €91,355 | €27,730 | -€63,625 | -69.6% |
| Deferred charges and accrued income | 490/1 | €1,606 | €1,702 | +€96 | +6.0% |
| Total equity and liabilities | 10/49 | €121,704 | €54,879 | -€66,825 | -54.9% |
| Equity | 10/15 | €112,970 | €46,390 | -€66,581 | -58.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €111,970 | €45,390 | -€66,581 | -59.5% |
| Distributable reserves | 133 | €111,970 | €45,390 | -€66,581 | -59.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €8,734 | €8,490 | -€244 | -2.8% |
| Amounts payable within one year | 42/48 | €8,644 | €8,490 | -€154 | -1.8% |
| Trade debts | 44 | €313 | €393 | +€80 | +25.4% |
| Suppliers | 440/4 | €313 | €393 | +€80 | +25.4% |
| Taxes, remuneration and social security | 45 | €7,105 | €7,022 | -€83 | -1.2% |
| Taxes | 450/3 | €7,105 | €7,022 | -€83 | -1.2% |
| Other amounts payable | 47/48 | €1,225 | €1,075 | -€151 | -12.3% |
| Accrued charges and deferred income | 492/3 | €90 | €0 | -€90 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €499 | €851 | +€352 | +70.6% |
| Other operating charges | 640/8 | €3,068 | €1,247 | -€1,821 | -59.4% |
| Gross operating margin | 9900 | €57,116 | €54,611 | -€2,506 | -4.4% |
| Operating profit (loss) | 9901 | €53,549 | €52,512 | -€1,037 | -1.9% |
| Financial income | 75/76B | €381 | €503 | +€122 | +32.1% |
| Recurring financial income | 75 | €381 | €503 | +€122 | +32.1% |
| Financial charges | 65/66B | €211 | €368 | +€157 | +74.5% |
| Recurring financial charges | 65 | €211 | €368 | +€157 | +74.5% |
| Profit (loss) for the period before taxes | 9903 | €53,719 | €52,648 | -€1,072 | -2.0% |
| Income taxes | 67/77 | €11,571 | €11,560 | -€11 | -0.1% |
| Profit (loss) for the period | 9904 | €42,149 | €41,088 | -€1,061 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,149 | €41,088 | -€1,061 | -2.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.