XERTUM: 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.
XERTUM
Largest movements
- Receivables within one year -€4,026
down €4,026 (-27.4%), from €14,710 to €10,684
- Intangible fixed assets +€3,526
up €3,526 (+29.7%), from €11,854 to €15,380
- Cash +€3,440
up €3,440 (+157.2%), from €2,188 to €5,627
mainly Receivables within one year (+€4,026) and Depreciation (+€3,543)
- Deferred charges and accrued income -€887
down €887 (-33.3%), from €2,667 to €1,780
- Tangible fixed assets -€744
down €744 (-60.6%), from €1,227 to €483
of which Leasing and similar rights: -€461
- Trade debts +€1,713
up €1,713 (+77.5%), from €2,210 to €3,924
- Other debts -€1,410
down €1,410 (-17.0%), from €8,292 to €6,882
- Profit (loss) carried forward +€674
up €674 (+9.6%), from -€7,051 to -€6,377
- Staff costs -€6,330
down €6,330 (-100.0%), from €6,330 to €0
- Taxes +€838
up €838, from -€528 to €310
- Gross operating margin +€425
up €425 (+6.9%), from €6,122 to €6,548
- Depreciation -€230
down €230 (-6.1%), from €3,772 to €3,543
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 | €32,946 | €34,255 | +€1,309 | +4.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €13,381 | €16,163 | +€2,782 | +20.8% |
| Intangible fixed assets | 21 | €11,854 | €15,380 | +€3,526 | +29.7% |
| Tangible fixed assets | 22/27 | €1,227 | €483 | -€744 | -60.6% |
| Furniture and vehicles | 24 | €283 | €0 | -€283 | -100.0% |
| Leasing and similar rights | 25 | €944 | €483 | -€461 | -48.8% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €19,565 | €18,092 | -€1,474 | -7.5% |
| Amounts receivable within one year | 40/41 | €14,710 | €10,684 | -€4,026 | -27.4% |
| Trade receivables | 40 | €14,710 | €10,684 | -€4,026 | -27.4% |
| Cash at bank and in hand | 54/58 | €2,188 | €5,627 | +€3,440 | +157.2% |
| Deferred charges and accrued income | 490/1 | €2,667 | €1,780 | -€887 | -33.3% |
| Total equity and liabilities | 10/49 | €32,946 | €34,255 | +€1,309 | +4.0% |
| Equity | 10/15 | €13,409 | €14,083 | +€674 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,051 | -€6,377 | +€674 | +9.6% |
| Amounts payable | 17/49 | €19,537 | €20,172 | +€635 | +3.2% |
| Amounts payable within one year | 42/48 | €19,537 | €20,172 | +€635 | +3.2% |
| Trade debts | 44 | €2,210 | €3,924 | +€1,713 | +77.5% |
| Suppliers | 440/4 | €2,210 | €3,924 | +€1,713 | +77.5% |
| Taxes, remuneration and social security | 45 | €9,035 | €9,366 | +€331 | +3.7% |
| Taxes | 450/3 | €9,035 | €9,366 | +€331 | +3.7% |
| Other amounts payable | 47/48 | €8,292 | €6,882 | -€1,410 | -17.0% |
| Remuneration, social security and pensions | 62 | €6,330 | €0 | -€6,330 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,772 | €3,543 | -€230 | -6.1% |
| Other operating charges | 640/8 | €1,249 | €1,296 | +€47 | +3.8% |
| Gross operating margin | 9900 | €6,122 | €6,548 | +€425 | +6.9% |
| Operating profit (loss) | 9901 | -€5,229 | €1,709 | +€6,938 | |
| Financial income | 75/76B | €11 | €3 | -€8 | -70.0% |
| Recurring financial income | 75 | €11 | €3 | -€8 | -70.0% |
| Financial charges | 65/66B | €767 | €728 | -€39 | -5.0% |
| Recurring financial charges | 65 | €767 | €728 | -€39 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,984 | €984 | +€6,969 | |
| Income taxes | 67/77 | -€528 | €310 | +€838 | |
| Profit (loss) for the period | 9904 | -€5,456 | €674 | +€6,130 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,456 | €674 | +€6,130 |
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 5 October 2026 via checked.be.