XELMES: 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.
XELMES
Largest movements
- Cash +€68,277
up €68,277 (+172%), from €39,645 to €107,922
mainly Other debts (+€60,369) and Net result for the year (+€58,677)
- Tangible fixed assets -€9,234
down €9,234 (-67.0%), from €13,789 to €4,554
- Receivables within one year -€2,896
down €2,896 (-6.6%), from €44,127 to €41,231
of which Other amounts receivable: -€2,510
- Other debts +€60,369
up €60,369 (+632,795%), from €10 to €60,378
- Trade debts -€32,422
down €32,422 (-97.2%), from €33,342 to €920
- Advances received +€20,433
new in 2025: €20,433
- Profit (loss) carried forward +€7,445
up €7,445 (+14.5%), from €51,231 to €58,677
- Gross operating margin +€86,604
up €86,604 (+301%), from €28,792 to €115,396
- Taxes +€16,486
up €16,486 (+11,841%), from €139 to €16,626
- Staff costs +€7,269
up €7,269 (+31.9%), from €22,786 to €30,055
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 | €98,562 | €154,608 | +€56,046 | +56.9% |
| Fixed assets | 21/28 | €14,689 | €5,454 | -€9,234 | -62.9% |
| Tangible fixed assets | 22/27 | €13,789 | €4,554 | -€9,234 | -67.0% |
| Furniture and vehicles | 24 | €13,789 | €4,554 | -€9,234 | -67.0% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €83,873 | €149,153 | +€65,280 | +77.8% |
| Amounts receivable within one year | 40/41 | €44,127 | €41,231 | -€2,896 | -6.6% |
| Trade receivables | 40 | €39,168 | €38,781 | -€386 | -1.0% |
| Other amounts receivable | 41 | €4,960 | €2,450 | -€2,510 | -50.6% |
| Cash at bank and in hand | 54/58 | €39,645 | €107,922 | +€68,277 | +172% |
| Deferred charges and accrued income | 490/1 | €101 | - | -€101 | |
| Total equity and liabilities | 10/49 | €98,562 | €154,608 | +€56,046 | +56.9% |
| Equity | 10/15 | €51,731 | €59,177 | +€7,445 | +14.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,231 | €58,677 | +€7,445 | +14.5% |
| Amounts payable | 17/49 | €46,831 | €95,431 | +€48,600 | +104% |
| Amounts payable within one year | 42/48 | €46,831 | €95,431 | +€48,600 | +104% |
| Trade debts | 44 | €33,342 | €920 | -€32,422 | -97.2% |
| Suppliers | 440/4 | €33,342 | €920 | -€32,422 | -97.2% |
| Advances received on contracts in progress | 46 | - | €20,433 | +€20,433 | |
| Taxes, remuneration and social security | 45 | €13,480 | €13,701 | +€221 | +1.6% |
| Taxes | 450/3 | €7,812 | €10,005 | +€2,193 | +28.1% |
| Remuneration and social security | 454/9 | €5,668 | €3,695 | -€1,972 | -34.8% |
| Other amounts payable | 47/48 | €10 | €60,378 | +€60,369 | +632,795% |
| Remuneration, social security and pensions | 62 | €22,786 | €30,055 | +€7,269 | +31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,234 | €9,234 | = | 0.0% |
| Other operating charges | 640/8 | €233 | €706 | +€472 | +203% |
| Non-recurring operating charges | 66A | €3,353 | - | -€3,353 | |
| Gross operating margin | 9900 | €28,792 | €115,396 | +€86,604 | +301% |
| Operating profit (loss) | 9901 | -€6,814 | €75,401 | +€82,215 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €46 | €99 | +€52 | +113% |
| Recurring financial charges | 65 | €46 | €99 | +€52 | +113% |
| Profit (loss) for the period before taxes | 9903 | -€6,860 | €75,302 | +€82,162 | |
| Income taxes | 67/77 | €139 | €16,626 | +€16,486 | +11,841% |
| Profit (loss) for the period | 9904 | -€6,999 | €58,677 | +€65,676 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,999 | €58,677 | +€65,676 |
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 13 October 2026 via checked.be.