Xelyo: 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.
Xelyo
Largest movements
- Cash -€56,399
down €56,399 (-9.9%), from €568,997 to €512,598
mainly Net result for the year (-€73,833) and Accrued charges and deferred income (-€32,733)
- Intangible fixed assets -€38,574
down €38,574 (-45.4%), from €85,010 to €46,437
- Receivables within one year -€30,166
down €30,166 (-12.7%), from €237,117 to €206,952
of which Trade receivables: -€49,368
- Reserves -€73,833
down €73,833 (-12.6%), from €587,986 to €514,153
- Accrued charges and deferred income -€32,733
down €32,733 (-17.8%), from €183,581 to €150,848
- Debts within one year -€28,831
down €28,831 (-30.4%), from €94,899 to €66,068
of which Tax, wage and social debts: -€27,877
- Turnover -€70,059
down €70,059 (-55.7%), from €125,693 to €55,634
- Purchases and services -€31,407
down €31,407 (-28.7%), from €109,609 to €78,202
- Gross operating margin -€17,614
down €17,614 (-6.2%), from €285,026 to €267,413
- Staff costs +€12,146
up €12,146 (+4.4%), from €273,693 to €285,838
- Other operating charges +€5,227
up €5,227 (+232.8%), from €2,245 to €7,472
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 | €916,466 | €781,069 | -€135,397 | -14.8% |
| Fixed assets | 21/28 | €95,791 | €49,292 | -€46,499 | -48.5% |
| Intangible fixed assets | 21 | €85,010 | €46,437 | -€38,574 | -45.4% |
| Tangible fixed assets | 22/27 | €10,781 | €2,855 | -€7,926 | -73.5% |
| Plant, machinery and equipment | 23 | €1,327 | €612 | -€715 | -53.9% |
| Furniture and vehicles | 24 | €9,454 | €2,243 | -€7,211 | -76.3% |
| Current assets | 29/58 | €820,675 | €731,778 | -€88,897 | -10.8% |
| Amounts receivable within one year | 40/41 | €237,117 | €206,952 | -€30,166 | -12.7% |
| Trade receivables | 40 | €236,717 | €187,350 | -€49,368 | -20.9% |
| Other amounts receivable | 41 | €400 | €19,602 | +€19,202 | +4800.5% |
| Cash at bank and in hand | 54/58 | €568,997 | €512,598 | -€56,399 | -9.9% |
| Deferred charges and accrued income | 490/1 | €14,561 | €12,228 | -€2,333 | -16.0% |
| Total equity and liabilities | 10/49 | €916,466 | €781,069 | -€135,397 | -14.8% |
| Equity | 10/15 | €637,986 | €564,153 | -€73,833 | -11.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €587,986 | €514,153 | -€73,833 | -12.6% |
| Amounts payable | 17/49 | €278,480 | €216,916 | -€61,564 | -22.1% |
| Amounts payable within one year | 42/48 | €94,899 | €66,068 | -€28,831 | -30.4% |
| Trade debts | 44 | €5,519 | €4,564 | -€955 | -17.3% |
| Suppliers | 440/4 | €5,519 | €4,564 | -€955 | -17.3% |
| Taxes, remuneration and social security | 45 | €89,214 | €61,337 | -€27,877 | -31.2% |
| Taxes | 450/3 | €45,172 | €30,789 | -€14,383 | -31.8% |
| Remuneration and social security | 454/9 | €44,042 | €30,548 | -€13,494 | -30.6% |
| Accrued charges and deferred income | 492/3 | €183,581 | €150,848 | -€32,733 | -17.8% |
| Turnover | 70 | €125,693 | €55,634 | -€70,059 | -55.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €109,609 | €78,202 | -€31,407 | -28.7% |
| Remuneration, social security and pensions | 62 | €273,693 | €285,838 | +€12,146 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,250 | €50,945 | -€1,305 | -2.5% |
| Other operating charges | 640/8 | €2,245 | €7,472 | +€5,227 | +232.8% |
| Gross operating margin | 9900 | €285,026 | €267,413 | -€17,614 | -6.2% |
| Operating profit (loss) | 9901 | -€43,162 | -€76,842 | -€33,680 | -78.0% |
| Financial income | 75/76B | €1,890 | €4,218 | +€2,328 | +123.2% |
| Recurring financial income | 75 | €1,890 | €4,218 | +€2,328 | +123.2% |
| Financial charges | 65/66B | €801 | €1,208 | +€408 | +50.9% |
| Recurring financial charges | 65 | €801 | €1,208 | +€408 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | -€42,072 | -€73,833 | -€31,760 | -75.5% |
| Profit (loss) for the period | 9904 | -€42,072 | -€73,833 | -€31,760 | -75.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,072 | -€73,833 | -€31,760 | -75.5% |
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 7 October 2026 via checked.be.