XEMEX: 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.
What changed
XEMEX
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€340,058
2024 · €2.2m-€1.9m
Equity
€6.0m
2024 · €5.7m+€340,058
Cash
€169,456
2024 · €121,286+€48,169
Balance sheet total
€7.0m
2024 · €6.6m+€369,668
Largest movements
Assets
- Receivables within one year +€4.3m
up €4.3m (+186.6%), from €2.3m to €6.6m
of which Other amounts receivable: +€5.4m
- Stocks and contracts -€3.9m
down €3.9m (-96.8%), from €4.0m to €128,549
Equity and liabilities
- Reserves +€340,058
up €340,058 (+6.1%), from €5.6m to €5.9m
of which Distributable reserves: +€340,058
- Trade debts -€192,972
down €192,972 (-46.2%), from €417,326 to €224,354
- Tax, wage and social debts +€141,166
up €141,166 (+30.3%), from €466,509 to €607,676
of which Taxes: +€171,113
- Accrued charges and deferred income +€90,215
up €90,215 (+11566.1%), from €780 to €90,995
Income statement
- Other operating income -€3.0m
no longer reported in 2025 (was €3.0m)
- Gross operating margin +€1.9m
new in 2025: €1.9m
- Services and other goods -€1.6m
no longer reported in 2025 (was €1.6m)
- Turnover -€926,205
no longer reported in 2025 (was €926,205)
- Goods and materials -€424,528
no longer reported in 2025 (was €424,528)
of which Purchases: -€1.5m
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.
Result 2024
€2.2m
Turnover
-€926,205
Other operating income
-€3.0m
Goods and materials
+€424,528
Services and other goods
+€1.6m
Staff costs
+€89,756
Depreciation
-€463
Write-downs
-€6,470
Other operating charges
-€572
Other operating items
-€335,110
Financial income
+€35,459
Financial charges
+€69,408
Taxes
+€180,301
Result 2025
€340,058
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.
From operations
+€48,169
Investment
€0
Financing
€0
Cash 2024
€121,286
From operations (derived)
+€48,169
Net result for the year
+€340,058
Depreciation
+€42,830
Stocks and contracts
+€3.9m
Receivables within one year
-€4.3m
Deferred charges and accrued income
+€23,661
Trade debts
-€192,972
Tax, wage and social debts
+€141,166
Advances received
-€8,800
Accrued charges and deferred income
+€90,215
Cash 2025
€169,456
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,617,005 | €6,986,673 | +€369,668 | +5.6% |
| Fixed assets | 21/28 | €116,786 | €73,957 | -€42,830 | -36.7% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €109,395 | €66,565 | -€42,830 | -39.2% |
| Plant, machinery and equipment | 23 | €56,765 | €33,641 | -€23,124 | -40.7% |
| Furniture and vehicles | 24 | €49,396 | €30,126 | -€19,270 | -39.0% |
| Other tangible fixed assets | 26 | €3,234 | €2,798 | -€436 | -13.5% |
| Financial fixed assets | 28 | €7,392 | €7,392 | = | 0.0% |
| Other financial fixed assets | 284/8 | €7,392 | - | -€7,392 | |
| Amounts receivable and cash guarantees | 285/8 | €7,392 | - | -€7,392 | |
| Current assets | 29/58 | €6,500,219 | €6,912,717 | +€412,498 | +6.3% |
| Stocks and contracts in progress | 3 | €4,046,707 | €128,549 | -€3.9m | -96.8% |
| Stocks | 30/36 | €4,046,707 | €128,549 | -€3.9m | -96.8% |
| Raw materials and consumables | 30/31 | €3,717,636 | - | -€3.7m | |
| Goods purchased for resale | 34 | €329,071 | - | -€329,071 | |
| Amounts receivable within one year | 40/41 | €2,307,252 | €6,613,399 | +€4.3m | +186.6% |
| Trade receivables | 40 | €1,439,124 | €323,513 | -€1.1m | -77.5% |
| Other amounts receivable | 41 | €868,128 | €6,289,886 | +€5.4m | +624.5% |
| Cash at bank and in hand | 54/58 | €121,286 | €169,456 | +€48,169 | +39.7% |
| Deferred charges and accrued income | 490/1 | €24,973 | €1,313 | -€23,661 | -94.7% |
| Total equity and liabilities | 10/49 | €6,617,005 | €6,986,673 | +€369,668 | +5.6% |
| Equity | 10/15 | €5,670,790 | €6,010,848 | +€340,058 | +6.0% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €5,600,790 | €5,940,848 | +€340,058 | +6.1% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €5,593,790 | €5,933,848 | +€340,058 | +6.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €946,216 | €975,825 | +€29,610 | +3.1% |
| Amounts payable within one year | 42/48 | €945,436 | €884,830 | -€60,606 | -6.4% |
| Trade debts | 44 | €417,326 | €224,354 | -€192,972 | -46.2% |
| Suppliers | 440/4 | €417,326 | €224,354 | -€192,972 | -46.2% |
| Advances received on contracts in progress | 46 | €61,600 | €52,800 | -€8,800 | -14.3% |
| Taxes, remuneration and social security | 45 | €466,509 | €607,676 | +€141,166 | +30.3% |
| Taxes | 450/3 | €314,580 | €485,693 | +€171,113 | +54.4% |
| Remuneration and social security | 454/9 | €151,929 | €121,983 | -€29,947 | -19.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €780 | €90,995 | +€90,215 | +11566.1% |
| Operating income | 70/76A | €6,185,379 | - | -€6.2m | |
| Turnover | 70 | €926,205 | - | -€926,205 | |
| Other operating income | 74 | €3,009,173 | - | -€3.0m | |
| Non-recurring operating income | 76A | €2,250,000 | €162,500 | -€2.1m | -92.8% |
| Operating charges | 60/66A | €3,611,821 | - | -€3.6m | |
| Goods for resale, raw materials and consumables | 60 | €424,528 | - | -€424,528 | |
| Purchases | 600/8 | €1,457,554 | - | -€1.5m | |
| Change in stocks: decrease (increase) | 609 | -€1,033,026 | - | +€1.0m | |
| Services and other goods | 61 | €1,624,923 | - | -€1.6m | |
| Remuneration, social security and pensions | 62 | €1,518,532 | €1,428,776 | -€89,756 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,367 | €42,830 | +€463 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,470 | +€6,470 | |
| Other operating charges | 640/8 | €1,471 | €2,042 | +€572 | +38.9% |
| Gross operating margin | 9900 | - | €1,914,890 | +€1.9m | |
| Operating profit (loss) | 9901 | €2,573,558 | €434,773 | -€2.1m | -83.1% |
| Financial income | 75/76B | €16,437 | €51,896 | +€35,459 | +215.7% |
| Recurring financial income | 75 | €16,437 | €51,896 | +€35,459 | +215.7% |
| Income from current assets | 751 | €13,742 | - | -€13,742 | |
| Other financial income | 752/9 | €2,695 | - | -€2,695 | |
| Financial charges | 65/66B | €83,685 | €14,277 | -€69,408 | -82.9% |
| Recurring financial charges | 65 | €83,685 | €14,277 | -€69,408 | -82.9% |
| Debt charges | 650 | €68,870 | - | -€68,870 | |
| Other financial charges | 652/9 | €14,815 | - | -€14,815 | |
| Profit (loss) for the period before taxes | 9903 | €2,506,310 | €472,392 | -€2.0m | -81.2% |
| Income taxes | 67/77 | €312,635 | €132,334 | -€180,301 | -57.7% |
| Taxes | 670/3 | €312,635 | - | -€312,635 | |
| Profit (loss) for the period | 9904 | €2,193,675 | €340,058 | -€1.9m | -84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,193,675 | €340,058 | -€1.9m | -84.5% |
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 10 October 2026 via checked.be.