XERUS MANAGEMENT: 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.
XERUS MANAGEMENT
Largest movements
- Cash +€67,908
up €67,908 (+25.4%), from €266,934 to €334,842
mainly Other debts (+€95,300) and Net result for the year (+€55,548)
- Receivables within one year +€34,915
up €34,915 (+37.0%), from €94,457 to €129,372
of which Trade receivables: +€38,298
- Other debts +€95,300
up €95,300 (+59.6%), from €159,871 to €255,171
- Reserves -€24,739
down €24,739 (-13.4%), from €185,228 to €160,489
of which Distributable reserves: -€24,739
- Tax, wage and social debts +€16,044
up €16,044 (+267.7%), from €5,993 to €22,037
- Accrued charges and deferred income +€12,207
up €12,207 (+108.7%), from €11,233 to €23,440
- Gross operating margin +€28,417
up €28,417 (+41.4%), from €68,656 to €97,073
- Taxes +€8,386
up €8,386 (+60.8%), from €13,793 to €22,179
- Financial income +€3,182
up €3,182 (+31815700.0%), from €0 to €3,182
- Other operating charges +€2,872
up €2,872 (+561.7%), from €511 to €3,383
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 | €379,826 | €478,124 | +€98,298 | +25.9% |
| Fixed assets | 21/28 | €17,534 | €12,962 | -€4,571 | -26.1% |
| Tangible fixed assets | 22/27 | €17,224 | €12,653 | -€4,571 | -26.5% |
| Plant, machinery and equipment | 23 | €9,983 | €7,231 | -€2,751 | -27.6% |
| Furniture and vehicles | 24 | €7,241 | €5,421 | -€1,820 | -25.1% |
| Financial fixed assets | 28 | €310 | €310 | = | 0.0% |
| Current assets | 29/58 | €362,293 | €465,161 | +€102,869 | +28.4% |
| Amounts receivable within one year | 40/41 | €94,457 | €129,372 | +€34,915 | +37.0% |
| Trade receivables | 40 | €91,050 | €129,348 | +€38,298 | +42.1% |
| Other amounts receivable | 41 | €3,407 | €24 | -€3,383 | -99.3% |
| Cash at bank and in hand | 54/58 | €266,934 | €334,842 | +€67,908 | +25.4% |
| Deferred charges and accrued income | 490/1 | €902 | €948 | +€46 | +5.1% |
| Total equity and liabilities | 10/49 | €379,826 | €478,124 | +€98,298 | +25.9% |
| Equity | 10/15 | €202,276 | €176,704 | -€25,572 | -12.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €185,228 | €160,489 | -€24,739 | -13.4% |
| 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 | €183,368 | €158,629 | -€24,739 | -13.5% |
| Profit (loss) carried forward | 14 | €4,648 | €3,815 | -€833 | -17.9% |
| Amounts payable | 17/49 | €177,550 | €301,420 | +€123,870 | +69.8% |
| Amounts payable within one year | 42/48 | €166,317 | €277,980 | +€111,663 | +67.1% |
| Trade debts | 44 | €453 | €772 | +€320 | +70.6% |
| Suppliers | 440/4 | €453 | €772 | +€320 | +70.6% |
| Taxes, remuneration and social security | 45 | €5,993 | €22,037 | +€16,044 | +267.7% |
| Taxes | 450/3 | €5,993 | €22,037 | +€16,044 | +267.7% |
| Other amounts payable | 47/48 | €159,871 | €255,171 | +€95,300 | +59.6% |
| Accrued charges and deferred income | 492/3 | €11,233 | €23,440 | +€12,207 | +108.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,115 | €6,780 | -€335 | -4.7% |
| Other operating charges | 640/8 | €511 | €3,383 | +€2,872 | +561.7% |
| Gross operating margin | 9900 | €68,656 | €97,073 | +€28,417 | +41.4% |
| Operating profit (loss) | 9901 | €61,029 | €86,910 | +€25,881 | +42.4% |
| Financial income | 75/76B | €0 | €3,182 | +€3,182 | +31815700.0% |
| Recurring financial income | 75 | €0 | €3,182 | +€3,182 | +31815700.0% |
| Financial charges | 65/66B | €11,587 | €12,364 | +€777 | +6.7% |
| Recurring financial charges | 65 | €11,587 | €12,364 | +€777 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €49,443 | €77,728 | +€28,285 | +57.2% |
| Income taxes | 67/77 | €13,793 | €22,179 | +€8,386 | +60.8% |
| Profit (loss) for the period | 9904 | €35,650 | €55,548 | +€19,899 | +55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,650 | €55,548 | +€19,899 | +55.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.