XELIS: 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.
XELIS
Largest movements
- Receivables within one year -€32,332
down €32,332 (-35.6%), from €90,843 to €58,511
of which Trade receivables: -€35,391
- Intangible fixed assets -€7,000
down €7,000 (-47.4%), from €14,771 to €7,771
- Cash +€2,530
up €2,530 (+137.8%), from €1,836 to €4,366
mainly Receivables within one year (+€32,332) and Depreciation (+€12,103)
- Tax, wage and social debts -€18,425
down €18,425 (-43.4%), from €42,469 to €24,044
of which Taxes: -€9,244
- Trade debts -€6,972
down €6,972 (-15.9%), from €43,936 to €36,964
- Current portion of long-term debt -€6,580
no longer reported in 2025 (was €6,580)
- Profit (loss) carried forward -€3,027
down €3,027 (-46.6%), from €6,494 to €3,467
- Gross operating margin +€5,875
up €5,875 (+2.8%), from €208,970 to €214,845
- Staff costs +€5,739
up €5,739 (+3.0%), from €192,486 to €198,225
- Write-downs +€4,523
new in 2025: €4,523
- Taxes -€2,469
down €2,469 (-67.8%), from €3,643 to €1,174
- Depreciation +€2,403
up €2,403 (+24.8%), from €9,700 to €12,103
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 | €123,888 | €88,290 | -€35,598 | -28.7% |
| Fixed assets | 21/28 | €18,273 | €11,861 | -€6,412 | -35.1% |
| Intangible fixed assets | 21 | €14,771 | €7,771 | -€7,000 | -47.4% |
| Tangible fixed assets | 22/27 | €3,502 | €4,090 | +€588 | +16.8% |
| Plant, machinery and equipment | 23 | €3,502 | €1,153 | -€2,349 | -67.1% |
| Furniture and vehicles | 24 | - | €2,937 | +€2,937 | |
| Current assets | 29/58 | €105,615 | €76,429 | -€29,185 | -27.6% |
| Stocks and contracts in progress | 3 | €8,931 | €9,203 | +€271 | +3.0% |
| Stocks | 30/36 | €8,931 | €9,203 | +€271 | +3.0% |
| Amounts receivable within one year | 40/41 | €90,843 | €58,511 | -€32,332 | -35.6% |
| Trade receivables | 40 | €88,328 | €52,936 | -€35,391 | -40.1% |
| Other amounts receivable | 41 | €2,515 | €5,575 | +€3,060 | +121.6% |
| Cash at bank and in hand | 54/58 | €1,836 | €4,366 | +€2,530 | +137.8% |
| Deferred charges and accrued income | 490/1 | €4,004 | €4,350 | +€346 | +8.6% |
| Total equity and liabilities | 10/49 | €123,888 | €88,290 | -€35,598 | -28.7% |
| Equity | 10/15 | €11,494 | €8,467 | -€3,027 | -26.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,494 | €3,467 | -€3,027 | -46.6% |
| Amounts payable | 17/49 | €112,395 | €79,824 | -€32,571 | -29.0% |
| Amounts payable within one year | 42/48 | €110,556 | €78,923 | -€31,633 | -28.6% |
| Current portion of amounts payable after more than one year | 42 | €6,580 | - | -€6,580 | |
| Trade debts | 44 | €43,936 | €36,964 | -€6,972 | -15.9% |
| Suppliers | 440/4 | €43,936 | €36,964 | -€6,972 | -15.9% |
| Taxes, remuneration and social security | 45 | €42,469 | €24,044 | -€18,425 | -43.4% |
| Taxes | 450/3 | €16,258 | €7,014 | -€9,244 | -56.9% |
| Remuneration and social security | 454/9 | €26,211 | €17,029 | -€9,181 | -35.0% |
| Other amounts payable | 47/48 | €17,571 | €17,915 | +€345 | +2.0% |
| Accrued charges and deferred income | 492/3 | €1,839 | €900 | -€938 | -51.0% |
| Remuneration, social security and pensions | 62 | €192,486 | €198,225 | +€5,739 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,700 | €12,103 | +€2,403 | +24.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,523 | +€4,523 | |
| Other operating charges | 640/8 | €2,398 | €1,105 | -€1,293 | -53.9% |
| Gross operating margin | 9900 | €208,970 | €214,845 | +€5,875 | +2.8% |
| Operating profit (loss) | 9901 | €4,387 | -€1,111 | -€5,497 | |
| Financial income | 75/76B | €171 | €72 | -€99 | -57.8% |
| Recurring financial income | 75 | €171 | €72 | -€99 | -57.8% |
| Financial charges | 65/66B | €767 | €814 | +€47 | +6.1% |
| Recurring financial charges | 65 | €767 | €814 | +€47 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €3,790 | -€1,853 | -€5,643 | |
| Income taxes | 67/77 | €3,643 | €1,174 | -€2,469 | -67.8% |
| Profit (loss) for the period | 9904 | €147 | -€3,027 | -€3,174 | |
| Profit (loss) for the period to be appropriated | 9905 | €147 | -€3,027 | -€3,174 |
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 3 October 2026 via checked.be.