XGDV: 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.
XGDV
Largest movements
- Intangible fixed assets -€26,000
down €26,000 (-85.7%), from €30,333 to €4,333
- Tangible fixed assets -€1,764
down €1,764 (-40.2%), from €4,384 to €2,620
- Cash -€1,403
no longer reported in 2025 (was €1,403)
mainly Net result for the year (-€15,031) and Other debts (-€7,732)
- Receivables within one year -€454
no longer reported in 2025 (was €454)
- Profit (loss) carried forward -€15,031
down €15,031, from €9,473 to -€5,558
- Other debts -€7,732
down €7,732 (-95.3%), from €8,111 to €379
- Tax, wage and social debts -€5,323
down €5,323 (-45.2%), from €11,772 to €6,449
- Current portion of long-term debt -€4,218
no longer reported in 2025 (was €4,218)
- Short-term financial debts +€2,583
new in 2025: €2,583
- Gross operating margin -€15,559
down €15,559 (-54.1%), from €28,782 to €13,223
- Taxes -€2,007
down €2,007, from €2,005 to -€2
- Other operating charges -€802
down €802 (-77.1%), from €1,040 to €238
- Financial charges -€757
down €757 (-74.9%), from €1,011 to €254
- Depreciation +€385
up €385 (+1.4%), from €27,379 to €27,764
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 | €36,574 | €6,953 | -€29,621 | -81.0% |
| Fixed assets | 21/28 | €34,717 | €6,953 | -€27,764 | -80.0% |
| Intangible fixed assets | 21 | €30,333 | €4,333 | -€26,000 | -85.7% |
| Tangible fixed assets | 22/27 | €4,384 | €2,620 | -€1,764 | -40.2% |
| Furniture and vehicles | 24 | €4,384 | €2,620 | -€1,764 | -40.2% |
| Current assets | 29/58 | €1,857 | - | -€1,857 | |
| Amounts receivable within one year | 40/41 | €454 | - | -€454 | |
| Trade receivables | 40 | €454 | - | -€454 | |
| Cash at bank and in hand | 54/58 | €1,403 | - | -€1,403 | |
| Total equity and liabilities | 10/49 | €36,574 | €6,953 | -€29,621 | -81.0% |
| Equity | 10/15 | €12,473 | -€2,558 | -€15,031 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,473 | -€5,558 | -€15,031 | |
| Amounts payable | 17/49 | €24,101 | €9,511 | -€14,590 | -60.5% |
| Amounts payable within one year | 42/48 | €24,101 | €9,511 | -€14,590 | -60.5% |
| Current portion of amounts payable after more than one year | 42 | €4,218 | - | -€4,218 | |
| Financial debts | 43 | - | €2,583 | +€2,583 | |
| Credit institutions | 430/8 | - | €2,583 | +€2,583 | |
| Trade debts | 44 | - | €100 | +€100 | |
| Suppliers | 440/4 | - | €100 | +€100 | |
| Taxes, remuneration and social security | 45 | €11,772 | €6,449 | -€5,323 | -45.2% |
| Taxes | 450/3 | €11,772 | €6,449 | -€5,323 | -45.2% |
| Other amounts payable | 47/48 | €8,111 | €379 | -€7,732 | -95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,379 | €27,764 | +€385 | +1.4% |
| Other operating charges | 640/8 | €1,040 | €238 | -€802 | -77.1% |
| Gross operating margin | 9900 | €28,782 | €13,223 | -€15,559 | -54.1% |
| Operating profit (loss) | 9901 | €363 | -€14,779 | -€15,142 | |
| Financial charges | 65/66B | €1,011 | €254 | -€757 | -74.9% |
| Recurring financial charges | 65 | €1,011 | €254 | -€757 | -74.9% |
| Profit (loss) for the period before taxes | 9903 | -€648 | -€15,033 | -€14,385 | -2,220% |
| Income taxes | 67/77 | €2,005 | -€2 | -€2,007 | |
| Profit (loss) for the period | 9904 | -€2,653 | -€15,031 | -€12,378 | -467% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,653 | -€15,031 | -€12,378 | -467% |
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 13 October 2026 via checked.be.