XERXES ADVANCED INFORMATION SYSTEMS: 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.
XERXES ADVANCED INFORMATION SYSTEMS
Largest movements
- Cash -€131,556
down €131,556 (-78.5%), from €167,486 to €35,930
mainly Other debts (-€212,175) and Contributions, distributions and other (-€204,128)
- Tangible fixed assets -€34,245
down €34,245 (-25.7%), from €133,108 to €98,864
of which Furniture and vehicles: -€31,961
- Receivables within one year +€15,023
up €15,023 (+42.6%), from €35,241 to €50,264
of which Trade receivables: +€14,187
- Other debts -€212,175
down €212,175 (-53.8%), from €394,500 to €182,325
- Reserves +€69,045
up €69,045 (+10.7%), from €647,188 to €716,234
of which Distributable reserves: +€69,045
- Trade debts +€25,331
up €25,331 (+485%), from €5,225 to €30,556
- Gross operating margin +€71,177
up €71,177 (+14.6%), from €487,547 to €558,724
- Staff costs +€23,490
up €23,490 (+19.8%), from €118,760 to €142,250
- Financial income -€15,503
down €15,503 (-62.0%), from €25,000 to €9,497
- Financial charges -€8,665
down €8,665, from €2,510 to -€6,155
- Depreciation +€5,932
up €5,932 (+16.5%), from €35,918 to €41,850
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,273,507 | €1,148,507 | -€125,000 | -9.8% |
| Fixed assets | 21/28 | €133,108 | €98,864 | -€34,245 | -25.7% |
| Tangible fixed assets | 22/27 | €133,108 | €98,864 | -€34,245 | -25.7% |
| Plant, machinery and equipment | 23 | €5,191 | €3,922 | -€1,270 | -24.5% |
| Furniture and vehicles | 24 | €123,570 | €91,609 | -€31,961 | -25.9% |
| Other tangible fixed assets | 26 | €4,346 | €3,333 | -€1,014 | -23.3% |
| Current assets | 29/58 | €1,140,399 | €1,049,644 | -€90,755 | -8.0% |
| Stocks and contracts in progress | 3 | €26,402 | €34,429 | +€8,027 | +30.4% |
| Stocks | 30/36 | €26,402 | €34,429 | +€8,027 | +30.4% |
| Amounts receivable within one year | 40/41 | €35,241 | €50,264 | +€15,023 | +42.6% |
| Trade receivables | 40 | €32,188 | €46,375 | +€14,187 | +44.1% |
| Other amounts receivable | 41 | €3,054 | €3,889 | +€836 | +27.4% |
| Current investments | 50/53 | €901,111 | €912,346 | +€11,235 | +1.2% |
| Cash at bank and in hand | 54/58 | €167,486 | €35,930 | -€131,556 | -78.5% |
| Deferred charges and accrued income | 490/1 | €10,158 | €16,675 | +€6,517 | +64.2% |
| Total equity and liabilities | 10/49 | €1,273,507 | €1,148,507 | -€125,000 | -9.8% |
| Equity | 10/15 | €798,003 | €867,048 | +€69,045 | +8.7% |
| Contributions | 10/11 | €46,697 | €46,697 | = | 0.0% |
| Reserves | 13 | €647,188 | €716,234 | +€69,045 | +10.7% |
| Non-distributable reserves | 130/1 | €5,909 | €5,909 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,909 | €5,909 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,279 | €21,279 | = | 0.0% |
| Distributable reserves | 133 | €620,000 | €689,045 | +€69,045 | +11.1% |
| Profit (loss) carried forward | 14 | €104,117 | €104,117 | = | 0.0% |
| Amounts payable | 17/49 | €475,504 | €281,459 | -€194,045 | -40.8% |
| Amounts payable after more than one year | 17 | €10,673 | - | -€10,673 | |
| Financial debts | 170/4 | €10,673 | - | -€10,673 | |
| Amounts payable within one year | 42/48 | €464,831 | €281,459 | -€183,372 | -39.4% |
| Current portion of amounts payable after more than one year | 42 | €10,899 | €10,673 | -€225 | -2.1% |
| Trade debts | 44 | €5,225 | €30,556 | +€25,331 | +485% |
| Suppliers | 440/4 | €5,225 | €30,556 | +€25,331 | +485% |
| Taxes, remuneration and social security | 45 | €54,207 | €57,905 | +€3,698 | +6.8% |
| Taxes | 450/3 | €34,081 | €32,734 | -€1,346 | -4.0% |
| Remuneration and social security | 454/9 | €20,126 | €25,171 | +€5,044 | +25.1% |
| Other amounts payable | 47/48 | €394,500 | €182,325 | -€212,175 | -53.8% |
| Remuneration, social security and pensions | 62 | €118,760 | €142,250 | +€23,490 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,918 | €41,850 | +€5,932 | +16.5% |
| Other operating charges | 640/8 | €1,277 | €1,310 | +€33 | +2.6% |
| Gross operating margin | 9900 | €487,547 | €558,724 | +€71,177 | +14.6% |
| Operating profit (loss) | 9901 | €331,591 | €373,314 | +€41,723 | +12.6% |
| Financial income | 75/76B | €25,000 | €9,497 | -€15,503 | -62.0% |
| Recurring financial income | 75 | €25,000 | €9,497 | -€15,503 | -62.0% |
| Financial charges | 65/66B | €2,510 | -€6,155 | -€8,665 | |
| Recurring financial charges | 65 | €2,510 | -€6,155 | -€8,665 | |
| Profit (loss) for the period before taxes | 9903 | €354,081 | €388,966 | +€34,885 | +9.9% |
| Income taxes | 67/77 | €115,199 | €115,793 | +€594 | +0.5% |
| Profit (loss) for the period | 9904 | €238,882 | €273,173 | +€34,291 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €238,882 | €273,173 | +€34,291 | +14.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.