XGD: 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.
What changed
XGD
NACE 62.200, Computer consultancy and computer facilities management
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€803,115
2024 · €6.9m-€7.7m
Equity
€10.3m
2024 · €11.1m-€803,115
Cash
€5,100
2024 · €5,611-€511
Balance sheet total
€13.3m
2024 · €14.2m-€914,543
Largest movements
Assets
- Financial fixed assets -€967,714
down €967,714 (-7.0%), from €13.8m to €12.9m
Equity and liabilities
- Reserves -€804,000
down €804,000 (-7.3%), from €11.0m to €10.2m
of which Distributable reserves: -€804,000
Income statement
- Financial income -€6.7m
down €6.7m (-95.5%), from €7.0m to €316,935
of which Non-recurring financial income: -€3.4m
- Financial charges +€880,159
up €880,159 (+213%), from €413,853 to €1.3m
of which Non-recurring financial charges: +€983,123
- Goods and materials +€164,905
up €164,905 (+26.1%), from €632,725 to €797,630
- Turnover +€82,200
up €82,200 (+9.0%), from €908,700 to €990,900
- Taxes -€29,441
down €29,441, from €29,400 to -€41
of which Taxes: -€29,400
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.
Result 2024
€6.9m
Turnover
+€82,200
Goods and materials
-€164,905
Services and other goods
+€3,426
Other operating charges
-€201
Other operating items
-€7,848
Financial income
-€6.7m
Financial charges
-€880,159
Taxes
+€29,441
Result 2025
-€803,115
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€828,225
Investment
+€967,714
Financing
-€140,000
Cash 2024
€5,611
From operations (derived)
-€828,225
Net result for the year
-€803,115
Receivables within one year
-€53,630
Deferred charges and accrued income
-€52
Trade debts
+€132,086
Tax, wage and social debts
-€27,394
Other debts
-€76,121
Investment (derived)
+€967,714
Investment in fixed assets (net)
+€967,714
Financing
-€140,000
Current portion of long-term debt
-€140,000
Cash 2025
€5,100
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,229,933 | €13,315,390 | -€914,543 | -6.4% |
| Fixed assets | 21/28 | €13,846,893 | €12,879,179 | -€967,714 | -7.0% |
| Financial fixed assets | 28 | €13,846,893 | €12,879,179 | -€967,714 | -7.0% |
| Affiliated companies | 280/1 | €13,846,893 | €12,879,179 | -€967,714 | -7.0% |
| Participating interests | 280 | €13,846,893 | €12,879,179 | -€967,714 | -7.0% |
| Current assets | 29/58 | €383,041 | €436,212 | +€53,171 | +13.9% |
| Amounts receivable within one year | 40/41 | €377,430 | €431,060 | +€53,630 | +14.2% |
| Trade receivables | 40 | €376,260 | €431,060 | +€54,800 | +14.6% |
| Other amounts receivable | 41 | €1,170 | - | -€1,170 | |
| Cash at bank and in hand | 54/58 | €5,611 | €5,100 | -€511 | -9.1% |
| Deferred charges and accrued income | 490/1 | - | €52 | +€52 | |
| Total equity and liabilities | 10/49 | €14,229,933 | €13,315,390 | -€914,543 | -6.4% |
| Equity | 10/15 | €11,110,959 | €10,307,844 | -€803,115 | -7.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €11,048,200 | €10,244,200 | -€804,000 | -7.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €11,042,000 | €10,238,000 | -€804,000 | -7.3% |
| Profit (loss) carried forward | 14 | €759 | €1,644 | +€885 | +117% |
| Amounts payable | 17/49 | €3,118,974 | €3,007,546 | -€111,428 | -3.6% |
| Amounts payable within one year | 42/48 | €3,118,974 | €3,007,546 | -€111,428 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €140,000 | - | -€140,000 | |
| Trade debts | 44 | €347,578 | €479,664 | +€132,086 | +38.0% |
| Suppliers | 440/4 | €347,578 | €479,664 | +€132,086 | +38.0% |
| Taxes, remuneration and social security | 45 | €29,400 | €2,006 | -€27,394 | -93.2% |
| Taxes | 450/3 | €29,400 | €2,006 | -€27,394 | -93.2% |
| Other amounts payable | 47/48 | €2,601,996 | €2,525,876 | -€76,121 | -2.9% |
| Operating income | 70/76A | €908,700 | €990,900 | +€82,200 | +9.0% |
| Turnover | 70 | €908,700 | €990,900 | +€82,200 | +9.0% |
| Operating charges | 60/66A | €647,451 | €816,979 | +€169,528 | +26.2% |
| Goods for resale, raw materials and consumables | 60 | €632,725 | €797,630 | +€164,905 | +26.1% |
| Purchases | 600/8 | €632,725 | €797,630 | +€164,905 | +26.1% |
| Services and other goods | 61 | €13,396 | €9,969 | -€3,426 | -25.6% |
| Other operating charges | 640/8 | €1,331 | €1,531 | +€201 | +15.1% |
| Non-recurring operating charges | 66A | - | €7,848 | +€7,848 | |
| Operating profit (loss) | 9901 | €261,249 | €173,921 | -€87,328 | -33.4% |
| Financial income | 75/76B | €7,043,648 | €316,935 | -€6.7m | -95.5% |
| Recurring financial income | 75 | €3,309,698 | €316,935 | -€3.0m | -90.4% |
| Income from financial fixed assets | 750 | €3,309,577 | - | -€3.3m | |
| Income from current assets | 751 | €121 | - | -€121 | |
| Non-recurring financial income | 76B | €3,733,950 | €316,935 | -€3.4m | -91.5% |
| Financial charges | 65/66B | €413,853 | €1,294,012 | +€880,159 | +213% |
| Recurring financial charges | 65 | €224,326 | €121,362 | -€102,964 | -45.9% |
| Debt charges | 650 | €223,755 | €120,696 | -€103,059 | -46.1% |
| Other financial charges | 652/9 | €571 | €667 | +€95 | +16.7% |
| Non-recurring financial charges | 66B | €189,527 | €1,172,650 | +€983,123 | +519% |
| Profit (loss) for the period before taxes | 9903 | €6,891,044 | -€803,156 | -€7.7m | |
| Income taxes | 67/77 | €29,400 | -€41 | -€29,441 | |
| Taxes | 670/3 | €29,400 | - | -€29,400 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €41 | +€41 | |
| Profit (loss) for the period | 9904 | €6,861,644 | -€803,115 | -€7.7m | |
| Profit (loss) for the period to be appropriated | 9905 | €6,861,644 | -€803,115 | -€7.7m |
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 21 October 2026 via checked.be.