XELEX: 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.
XELEX
Largest movements
- Cash -€6,480
down €6,480 (-17.3%), from €37,445 to €30,965
mainly Net result for the year (-€3,789) and Other debts (-€2,410)
- Tangible fixed assets -€1,768
down €1,768 (-6.3%), from €27,951 to €26,183
- Receivables within one year +€1,311
up €1,311 (+2940.3%), from €45 to €1,356
- Profit (loss) carried forward -€3,789
down €3,789 (-60.9%), from €6,224 to €2,435
- Other debts -€2,410
down €2,410 (-100.0%), from €2,410 to €0
- Trade debts -€1,439
down €1,439 (-44.5%), from €3,235 to €1,796
- Advances received +€700
new in 2025: €700
- Gross operating margin +€942
up €942 (+33.2%), from -€2,840 to -€1,898
- Financial income +€52
up €52 (+34.7%), from €149 to €200
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 | €65,441 | €58,504 | -€6,937 | -10.6% |
| Fixed assets | 21/28 | €27,951 | €26,183 | -€1,768 | -6.3% |
| Tangible fixed assets | 22/27 | €27,951 | €26,183 | -€1,768 | -6.3% |
| Land and buildings | 22 | €27,951 | €26,183 | -€1,768 | -6.3% |
| Current assets | 29/58 | €37,490 | €32,321 | -€5,169 | -13.8% |
| Amounts receivable within one year | 40/41 | €45 | €1,356 | +€1,311 | +2940.3% |
| Other amounts receivable | 41 | €45 | €1,356 | +€1,311 | +2940.3% |
| Cash at bank and in hand | 54/58 | €37,445 | €30,965 | -€6,480 | -17.3% |
| Total equity and liabilities | 10/49 | €65,441 | €58,504 | -€6,937 | -10.6% |
| Equity | 10/15 | €59,537 | €55,748 | -€3,789 | -6.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €40,813 | €40,813 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €38,953 | €38,953 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,224 | €2,435 | -€3,789 | -60.9% |
| Amounts payable | 17/49 | €5,904 | €2,756 | -€3,148 | -53.3% |
| Amounts payable after more than one year | 17 | €260 | €260 | = | 0.0% |
| Other amounts payable | 178/9 | €260 | €260 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,644 | €2,496 | -€3,148 | -55.8% |
| Trade debts | 44 | €3,235 | €1,796 | -€1,439 | -44.5% |
| Suppliers | 440/4 | €3,235 | €1,796 | -€1,439 | -44.5% |
| Advances received on contracts in progress | 46 | - | €700 | +€700 | |
| Other amounts payable | 47/48 | €2,410 | €0 | -€2,410 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,768 | €1,768 | = | 0.0% |
| Other operating charges | 640/8 | €209 | €215 | +€6 | +3.0% |
| Gross operating margin | 9900 | -€2,840 | -€1,898 | +€942 | +33.2% |
| Operating profit (loss) | 9901 | -€4,817 | -€3,881 | +€936 | +19.4% |
| Financial income | 75/76B | €149 | €200 | +€52 | +34.7% |
| Recurring financial income | 75 | €149 | €200 | +€52 | +34.7% |
| Financial charges | 65/66B | €96 | €108 | +€12 | +12.6% |
| Recurring financial charges | 65 | €96 | €108 | +€12 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,764 | -€3,789 | +€975 | +20.5% |
| Profit (loss) for the period | 9904 | -€4,764 | -€3,789 | +€975 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,764 | -€3,789 | +€975 | +20.5% |
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 2 October 2026 via checked.be.