XELOS: 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.
XELOS
Largest movements
- Cash +€29,124
up €29,124 (+19.9%), from €146,346 to €175,470
mainly Other debts (+€112,295) and Net result for the year (+€49,302)
- Current investments +€18,101
up €18,101 (+13.6%), from €133,334 to €151,435
- Receivables after one year +€15,000
up €15,000 (+60.0%), from €25,000 to €40,000
- Other debts +€112,295
up €112,295 (+8402.7%), from €1,336 to €113,632
- Reserves -€48,359
down €48,359 (-14.7%), from €329,343 to €280,985
of which Distributable reserves: -€48,359
- Financial income -€141,665
down €141,665 (-97.2%), from €145,821 to €4,155
- Taxes -€13,385
down €13,385 (-40.2%), from €33,289 to €19,904
- Depreciation +€1,559
up €1,559 (+22.2%), from €7,017 to €8,576
- Financial charges +€962
up €962 (+45.0%), from €2,139 to €3,101
- Gross operating margin -€931
down €931 (-1.2%), from €78,179 to €77,248
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 | €363,867 | €423,803 | +€59,936 | +16.5% |
| Fixed assets | 21/28 | €33,164 | €34,323 | +€1,159 | +3.5% |
| Tangible fixed assets | 22/27 | €33,124 | €34,283 | +€1,159 | +3.5% |
| Plant, machinery and equipment | 23 | €3,762 | €9,922 | +€6,160 | +163.7% |
| Furniture and vehicles | 24 | €3,255 | €1,340 | -€1,915 | -58.8% |
| Leasing and similar rights | 25 | €7,512 | €0 | -€7,512 | -100.0% |
| Other tangible fixed assets | 26 | €18,595 | €23,020 | +€4,426 | +23.8% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €330,703 | €389,481 | +€58,778 | +17.8% |
| Amounts receivable after more than one year | 29 | €25,000 | €40,000 | +€15,000 | +60.0% |
| Other amounts receivable | 291 | €25,000 | €40,000 | +€15,000 | +60.0% |
| Amounts receivable within one year | 40/41 | €20,679 | €18,770 | -€1,908 | -9.2% |
| Trade receivables | 40 | €20,603 | €18,748 | -€1,855 | -9.0% |
| Other amounts receivable | 41 | €76 | €23 | -€53 | -70.1% |
| Current investments | 50/53 | €133,334 | €151,435 | +€18,101 | +13.6% |
| Cash at bank and in hand | 54/58 | €146,346 | €175,470 | +€29,124 | +19.9% |
| Deferred charges and accrued income | 490/1 | €5,345 | €3,805 | -€1,540 | -28.8% |
| Total equity and liabilities | 10/49 | €363,867 | €423,803 | +€59,936 | +16.5% |
| Equity | 10/15 | €335,543 | €287,185 | -€48,359 | -14.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €329,343 | €280,985 | -€48,359 | -14.7% |
| 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 | €327,483 | €279,125 | -€48,359 | -14.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,323 | €136,618 | +€108,295 | +382.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €28,323 | €136,618 | +€108,295 | +382.4% |
| Current portion of amounts payable after more than one year | 42 | €3,924 | €0 | -€3,924 | -100.0% |
| Financial debts | 43 | €273 | €148 | -€125 | -45.9% |
| Credit institutions | 430/8 | €273 | €148 | -€125 | -45.9% |
| Trade debts | 44 | €5,532 | €4,579 | -€953 | -17.2% |
| Suppliers | 440/4 | €5,532 | €4,579 | -€953 | -17.2% |
| Taxes, remuneration and social security | 45 | €17,258 | €18,260 | +€1,002 | +5.8% |
| Taxes | 450/3 | €17,258 | €18,260 | +€1,002 | +5.8% |
| Other amounts payable | 47/48 | €1,336 | €113,632 | +€112,295 | +8402.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,017 | €8,576 | +€1,559 | +22.2% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €78,179 | €77,248 | -€931 | -1.2% |
| Operating profit (loss) | 9901 | €70,657 | €68,152 | -€2,505 | -3.5% |
| Financial income | 75/76B | €145,821 | €4,155 | -€141,665 | -97.2% |
| Recurring financial income | 75 | €145,821 | €4,155 | -€141,665 | -97.2% |
| Financial charges | 65/66B | €2,139 | €3,101 | +€962 | +45.0% |
| Recurring financial charges | 65 | €2,139 | €3,101 | +€962 | +45.0% |
| Profit (loss) for the period before taxes | 9903 | €214,338 | €69,206 | -€145,132 | -67.7% |
| Income taxes | 67/77 | €33,289 | €19,904 | -€13,385 | -40.2% |
| Profit (loss) for the period | 9904 | €181,049 | €49,302 | -€131,747 | -72.8% |
| Profit (loss) for the period to be appropriated | 9905 | €181,049 | €49,302 | -€131,747 | -72.8% |
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 12 October 2026 via checked.be.