XERXES SOFTWARE: 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 SOFTWARE
Largest movements
- Cash -€67,555
down €67,555 (-27.6%), from €244,382 to €176,827
mainly Contributions, distributions and other (-€175,000) and Tax, wage and social debts (-€15,915)
- Intangible fixed assets -€34,000
down €34,000 (-28.5%), from €119,419 to €85,419
- Tangible fixed assets -€14,769
down €14,769 (-63.9%), from €23,112 to €8,343
of which Furniture and vehicles: -€10,267
- Receivables within one year +€10,680
up €10,680 (+16.6%), from €64,272 to €74,952
of which Trade receivables: +€7,636
- Deferred charges and accrued income +€5,714
new in 2025: €5,714
- Reserves -€145,000
down €145,000 (-61.0%), from €237,633 to €92,633
of which Distributable reserves: -€145,000
- Profit (loss) carried forward +€41,278
up €41,278 (+30.3%), from €136,415 to €177,693
- Trade debts +€19,707
up €19,707 (+87.1%), from €22,619 to €42,326
- Tax, wage and social debts -€15,915
down €15,915 (-86.4%), from €18,428 to €2,514
- Gross operating margin -€7,195
down €7,195 (-5.0%), from €143,102 to €135,906
- Taxes -€3,460
down €3,460 (-18.5%), from €18,724 to €15,264
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 | €472,942 | €373,012 | -€99,930 | -21.1% |
| Fixed assets | 21/28 | €142,606 | €93,837 | -€48,769 | -34.2% |
| Intangible fixed assets | 21 | €119,419 | €85,419 | -€34,000 | -28.5% |
| Tangible fixed assets | 22/27 | €23,112 | €8,343 | -€14,769 | -63.9% |
| Plant, machinery and equipment | 23 | €306 | €0 | -€306 | -100.0% |
| Furniture and vehicles | 24 | €12,209 | €1,942 | -€10,267 | -84.1% |
| Other tangible fixed assets | 26 | €10,598 | €6,402 | -€4,196 | -39.6% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €330,336 | €279,175 | -€51,161 | -15.5% |
| Amounts receivable within one year | 40/41 | €64,272 | €74,952 | +€10,680 | +16.6% |
| Trade receivables | 40 | €61,247 | €68,883 | +€7,636 | +12.5% |
| Other amounts receivable | 41 | €3,025 | €6,069 | +€3,044 | +100.7% |
| Current investments | 50/53 | €21,682 | €21,682 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €244,382 | €176,827 | -€67,555 | -27.6% |
| Deferred charges and accrued income | 490/1 | - | €5,714 | +€5,714 | |
| Total equity and liabilities | 10/49 | €472,942 | €373,012 | -€99,930 | -21.1% |
| Equity | 10/15 | €392,648 | €288,926 | -€103,722 | -26.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €237,633 | €92,633 | -€145,000 | -61.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €230,773 | €85,773 | -€145,000 | -62.8% |
| Profit (loss) carried forward | 14 | €136,415 | €177,693 | +€41,278 | +30.3% |
| Amounts payable | 17/49 | €80,294 | €84,086 | +€3,792 | +4.7% |
| Amounts payable within one year | 42/48 | €80,294 | €84,086 | +€3,792 | +4.7% |
| Trade debts | 44 | €22,619 | €42,326 | +€19,707 | +87.1% |
| Suppliers | 440/4 | €22,619 | €42,326 | +€19,707 | +87.1% |
| Advances received on contracts in progress | 46 | €9,075 | €9,075 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €18,428 | €2,514 | -€15,915 | -86.4% |
| Taxes | 450/3 | €18,428 | €2,514 | -€15,915 | -86.4% |
| Other amounts payable | 47/48 | €30,171 | €30,171 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,303 | €48,769 | -€534 | -1.1% |
| Other operating charges | 640/8 | €590 | €1,423 | +€833 | +141.4% |
| Gross operating margin | 9900 | €143,102 | €135,906 | -€7,195 | -5.0% |
| Operating profit (loss) | 9901 | €93,210 | €85,715 | -€7,495 | -8.0% |
| Financial income | 75/76B | €718 | €916 | +€198 | +27.6% |
| Recurring financial income | 75 | €718 | €916 | +€198 | +27.6% |
| Financial charges | 65/66B | €86 | €89 | +€3 | +3.5% |
| Recurring financial charges | 65 | €86 | €89 | +€3 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €93,842 | €86,542 | -€7,300 | -7.8% |
| Income taxes | 67/77 | €18,724 | €15,264 | -€3,460 | -18.5% |
| Profit (loss) for the period | 9904 | €75,118 | €71,278 | -€3,840 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €75,118 | €71,278 | -€3,840 | -5.1% |
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 10 October 2026 via checked.be.