XEY: 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.
XEY
Largest movements
- Deferred charges and accrued income -€10,135
down €10,135 (-76.1%), from €13,314 to €3,179
- Receivables within one year -€6,060
down €6,060 (-8.1%), from €75,147 to €69,087
of which Trade receivables: -€4,840
- Cash +€5,857
up €5,857 (+19.4%), from €30,219 to €36,076
mainly Depreciation (+€16,428) and Deferred charges and accrued income (+€10,135)
- Tangible fixed assets -€3,832
down €3,832 (-14.6%), from €26,294 to €22,462
of which Furniture and vehicles: -€14,675
- Debts after one year -€8,838
no longer reported in 2025 (was €8,838)
- Current portion of long-term debt -€6,089
down €6,089 (-40.8%), from €14,927 to €8,838
- Reserves +€5,084
up €5,084 (+2.4%), from €210,829 to €215,913
- Trade debts -€3,709
down €3,709 (-90.2%), from €4,111 to €402
- Gross operating margin -€11,243
down €11,243 (-30.7%), from €36,642 to €25,398
- Taxes -€4,124
down €4,124 (-52.1%), from €7,922 to €3,798
- Financial charges +€858
up €858 (+53.8%), from €1,595 to €2,453
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 | €245,582 | €231,413 | -€14,169 | -5.8% |
| Fixed assets | 21/28 | €26,294 | €22,462 | -€3,832 | -14.6% |
| Tangible fixed assets | 22/27 | €26,294 | €22,462 | -€3,832 | -14.6% |
| Land and buildings | 22 | €619 | €9,930 | +€9,311 | +1504.8% |
| Plant, machinery and equipment | 23 | €1,632 | €3,165 | +€1,533 | +93.9% |
| Furniture and vehicles | 24 | €24,043 | €9,368 | -€14,675 | -61.0% |
| Current assets | 29/58 | €219,288 | €208,950 | -€10,338 | -4.7% |
| Amounts receivable after more than one year | 29 | €40,607 | €40,607 | = | 0.0% |
| Trade receivables | 290 | €40,607 | €40,607 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €75,147 | €69,087 | -€6,060 | -8.1% |
| Trade receivables | 40 | €9,922 | €5,082 | -€4,840 | -48.8% |
| Other amounts receivable | 41 | €65,225 | €64,005 | -€1,220 | -1.9% |
| Current investments | 50/53 | €60,000 | €60,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,219 | €36,076 | +€5,857 | +19.4% |
| Deferred charges and accrued income | 490/1 | €13,314 | €3,179 | -€10,135 | -76.1% |
| Total equity and liabilities | 10/49 | €245,582 | €231,413 | -€14,169 | -5.8% |
| Equity | 10/15 | €217,029 | €222,113 | +€5,084 | +2.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €210,829 | €215,913 | +€5,084 | +2.4% |
| Distributable reserves | 133 | €210,829 | €215,913 | +€5,084 | +2.4% |
| Amounts payable | 17/49 | €28,553 | €9,300 | -€19,253 | -67.4% |
| Amounts payable after more than one year | 17 | €8,838 | - | -€8,838 | |
| Financial debts | 170/4 | €8,838 | - | -€8,838 | |
| Amounts payable within one year | 42/48 | €19,714 | €9,240 | -€10,474 | -53.1% |
| Current portion of amounts payable after more than one year | 42 | €14,927 | €8,838 | -€6,089 | -40.8% |
| Trade debts | 44 | €4,111 | €402 | -€3,709 | -90.2% |
| Suppliers | 440/4 | €4,111 | €402 | -€3,709 | -90.2% |
| Taxes, remuneration and social security | 45 | €676 | - | -€676 | |
| Taxes | 450/3 | €676 | - | -€676 | |
| Accrued charges and deferred income | 492/3 | - | €60 | +€60 | |
| Non-recurring operating income | 76A | - | €36,269 | +€36,269 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,265 | €16,428 | +€163 | +1.0% |
| Other operating charges | 640/8 | €360 | €533 | +€173 | +48.1% |
| Gross operating margin | 9900 | €36,642 | €25,398 | -€11,243 | -30.7% |
| Operating profit (loss) | 9901 | €20,017 | €8,438 | -€11,579 | -57.8% |
| Financial income | 75/76B | €2,634 | €2,897 | +€262 | +10.0% |
| Recurring financial income | 75 | €2,634 | €2,897 | +€262 | +10.0% |
| Financial charges | 65/66B | €1,595 | €2,453 | +€858 | +53.8% |
| Recurring financial charges | 65 | €1,595 | €2,453 | +€858 | +53.8% |
| Profit (loss) for the period before taxes | 9903 | €21,056 | €8,882 | -€12,174 | -57.8% |
| Income taxes | 67/77 | €7,922 | €3,798 | -€4,124 | -52.1% |
| Profit (loss) for the period | 9904 | €13,134 | €5,084 | -€8,051 | -61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,134 | €5,084 | -€8,051 | -61.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.