XELEOS: 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.
XELEOS
Largest movements
- Cash -€66,180
down €66,180 (-41.8%), from €158,351 to €92,171
mainly Trade debts (-€68,074) and Contributions, distributions and other (-€60,000)
- Receivables within one year -€63,832
down €63,832 (-34.3%), from €186,095 to €122,263
of which Trade receivables: -€46,964
- Current investments -€33,915
down €33,915 (-47.3%), from €71,746 to €37,831
- Tangible fixed assets +€7,996
up €7,996 (+85.6%), from €9,340 to €17,335
- Trade debts -€68,074
down €68,074 (-33.7%), from €201,958 to €133,884
- Reserves -€47,096
down €47,096 (-29.7%), from €158,618 to €111,522
- Other debts -€42,383
down €42,383 (-100.0%), from €42,383 to €0
- Depreciation +€18,133
up €18,133 (+4703.1%), from €386 to €18,519
- Staff costs +€10,408
up €10,408 (+10.8%), from €95,936 to €106,344
- Taxes -€6,981
down €6,981 (-46.0%), from €15,192 to €8,211
- Financial charges -€3,516
down €3,516 (-93.7%), from €3,752 to €236
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 | €435,775 | €274,219 | -€161,556 | -37.1% |
| Fixed assets | 21/28 | €11,300 | €17,335 | +€6,036 | +53.4% |
| Tangible fixed assets | 22/27 | €9,340 | €17,335 | +€7,996 | +85.6% |
| Furniture and vehicles | 24 | €9,340 | €17,335 | +€7,996 | +85.6% |
| Financial fixed assets | 28 | €1,960 | €0 | -€1,960 | -100.0% |
| Current assets | 29/58 | €424,475 | €256,884 | -€167,591 | -39.5% |
| Amounts receivable within one year | 40/41 | €186,095 | €122,263 | -€63,832 | -34.3% |
| Trade receivables | 40 | €161,604 | €114,640 | -€46,964 | -29.1% |
| Other amounts receivable | 41 | €24,491 | €7,623 | -€16,868 | -68.9% |
| Current investments | 50/53 | €71,746 | €37,831 | -€33,915 | -47.3% |
| Cash at bank and in hand | 54/58 | €158,351 | €92,171 | -€66,180 | -41.8% |
| Deferred charges and accrued income | 490/1 | €8,283 | €4,619 | -€3,664 | -44.2% |
| Total equity and liabilities | 10/49 | €435,775 | €274,219 | -€161,556 | -37.1% |
| Equity | 10/15 | €165,591 | €120,355 | -€45,236 | -27.3% |
| Contributions | 10/11 | €6,445 | €6,445 | = | 0.0% |
| Reserves | 13 | €158,618 | €111,522 | -€47,096 | -29.7% |
| Distributable reserves | 133 | €158,618 | €111,522 | -€47,096 | -29.7% |
| Profit (loss) carried forward | 14 | €528 | €2,387 | +€1,859 | +352.2% |
| Amounts payable | 17/49 | €270,184 | €153,864 | -€116,319 | -43.1% |
| Amounts payable within one year | 42/48 | €266,316 | €153,864 | -€112,451 | -42.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €201,958 | €133,884 | -€68,074 | -33.7% |
| Suppliers | 440/4 | €201,958 | €133,884 | -€68,074 | -33.7% |
| Taxes, remuneration and social security | 45 | €21,975 | €19,980 | -€1,995 | -9.1% |
| Taxes | 450/3 | €5,803 | €1,893 | -€3,910 | -67.4% |
| Remuneration and social security | 454/9 | €16,172 | €18,087 | +€1,915 | +11.8% |
| Other amounts payable | 47/48 | €42,383 | €0 | -€42,383 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,868 | €0 | -€3,868 | -100.0% |
| Non-recurring operating income | 76A | €9,091 | €0 | -€9,091 | -100.0% |
| Remuneration, social security and pensions | 62 | €95,936 | €106,344 | +€10,408 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €386 | €18,519 | +€18,133 | +4703.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €145,926 | €147,399 | +€1,473 | +1.0% |
| Operating profit (loss) | 9901 | €49,217 | €22,137 | -€27,081 | -55.0% |
| Financial income | 75/76B | €1,398 | €1,074 | -€324 | -23.2% |
| Recurring financial income | 75 | €1,398 | €1,074 | -€324 | -23.2% |
| Financial charges | 65/66B | €3,752 | €236 | -€3,516 | -93.7% |
| Recurring financial charges | 65 | €3,752 | €236 | -€3,516 | -93.7% |
| Profit (loss) for the period before taxes | 9903 | €46,863 | €22,974 | -€23,889 | -51.0% |
| Income taxes | 67/77 | €15,192 | €8,211 | -€6,981 | -46.0% |
| Profit (loss) for the period | 9904 | €31,671 | €14,764 | -€16,907 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,671 | €14,764 | -€16,907 | -53.4% |
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 9 October 2026 via checked.be.