Xestion: 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.
Xestion
Largest movements
- Receivables within one year +€723,736
up €723,736 (+160%), from €451,501 to €1.2m
of which Other amounts receivable: +€707,498
- Financial fixed assets +€134,800
up €134,800 (+23.4%), from €576,062 to €710,862
- Cash -€68,370
down €68,370 (-73.3%), from €93,256 to €24,885
mainly Receivables within one year (-€723,736) and Investment in fixed assets (net) (-€134,800)
- Other debts +€535,481
up €535,481 (+62,371%), from €859 to €536,340
- Reserves +€224,800
up €224,800 (+26.9%), from €835,055 to €1.1m
- Trade debts +€41,636
up €41,636 (+388%), from €10,720 to €52,356
- Debts after one year -€41,187
down €41,187 (-19.0%), from €216,639 to €175,452
- Tax, wage and social debts +€21,971
up €21,971 (+922%), from €2,384 to €24,355
- Financial income +€279,885
up €279,885 (+22,981%), from €1,218 to €281,103
- Taxes +€42,288
up €42,288 (+705%), from €5,996 to €48,284
- Gross operating margin +€35,281
up €35,281 (+77.3%), from €45,658 to €80,939
- Financial charges -€1,591
down €1,591 (-12.8%), from €12,454 to €10,864
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.
Derived cash bridge
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 | €1,125,819 | €1,910,985 | +€785,166 | +69.7% |
| Fixed assets | 21/28 | €576,062 | €710,862 | +€134,800 | +23.4% |
| Financial fixed assets | 28 | €576,062 | €710,862 | +€134,800 | +23.4% |
| Current assets | 29/58 | €549,757 | €1,200,123 | +€650,366 | +118% |
| Amounts receivable within one year | 40/41 | €451,501 | €1,175,238 | +€723,736 | +160% |
| Trade receivables | 40 | €10,619 | €26,857 | +€16,238 | +153% |
| Other amounts receivable | 41 | €440,882 | €1,148,380 | +€707,498 | +160% |
| Current investments | 50/53 | €5,000 | - | -€5,000 | |
| Cash at bank and in hand | 54/58 | €93,256 | €24,885 | -€68,370 | -73.3% |
| Total equity and liabilities | 10/49 | €1,125,819 | €1,910,985 | +€785,166 | +69.7% |
| Equity | 10/15 | €855,773 | €1,081,296 | +€225,524 | +26.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €835,055 | €1,059,855 | +€224,800 | +26.9% |
| Distributable reserves | 133 | €835,055 | €1,059,855 | +€224,800 | +26.9% |
| Profit (loss) carried forward | 14 | €2,168 | €2,891 | +€724 | +33.4% |
| Amounts payable | 17/49 | €270,046 | €829,689 | +€559,643 | +207% |
| Amounts payable after more than one year | 17 | €216,639 | €175,452 | -€41,187 | -19.0% |
| Financial debts | 170/4 | €216,639 | €175,452 | -€41,187 | -19.0% |
| Amounts payable within one year | 42/48 | €53,407 | €654,237 | +€600,830 | +1,125% |
| Current portion of amounts payable after more than one year | 42 | €39,445 | €41,187 | +€1,742 | +4.4% |
| Trade debts | 44 | €10,720 | €52,356 | +€41,636 | +388% |
| Suppliers | 440/4 | €10,720 | €52,356 | +€41,636 | +388% |
| Taxes, remuneration and social security | 45 | €2,384 | €24,355 | +€21,971 | +922% |
| Taxes | 450/3 | €2,384 | €24,355 | +€21,971 | +922% |
| Other amounts payable | 47/48 | €859 | €536,340 | +€535,481 | +62,371% |
| Non-recurring operating income | 76A | €10,000 | - | -€10,000 | |
| Other operating charges | 640/8 | €1,199 | €1,171 | -€29 | -2.4% |
| Gross operating margin | 9900 | €45,658 | €80,939 | +€35,281 | +77.3% |
| Operating profit (loss) | 9901 | €44,459 | €79,769 | +€35,310 | +79.4% |
| Financial income | 75/76B | €1,218 | €281,103 | +€279,885 | +22,981% |
| Recurring financial income | 75 | €1,218 | €281,103 | +€279,885 | +22,981% |
| Financial charges | 65/66B | €12,454 | €10,864 | -€1,591 | -12.8% |
| Recurring financial charges | 65 | €12,454 | €10,864 | -€1,591 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €33,222 | €350,007 | +€316,785 | +954% |
| Income taxes | 67/77 | €5,996 | €48,284 | +€42,288 | +705% |
| Profit (loss) for the period | 9904 | €27,226 | €301,724 | +€274,497 | +1,008% |
| Profit (loss) for the period to be appropriated | 9905 | €27,226 | €301,724 | +€274,497 | +1,008% |
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 26 October 2026 via checked.be.