XGI: 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.
XGI
Largest movements
- Tangible fixed assets -€18,936
down €18,936 (-19.7%), from €95,977 to €77,042
of which Furniture and vehicles: -€13,247
- Receivables within one year +€16,085
up €16,085 (+214.7%), from €7,491 to €23,576
of which Trade receivables: +€16,856
- Current investments -€10,744
down €10,744 (-11.7%), from €91,800 to €81,056
- Cash -€5,760
down €5,760 (-43.3%), from €13,299 to €7,538
mainly Receivables within one year (-€16,085) and Net result for the year (-€15,023)
- Profit (loss) carried forward -€15,023
down €15,023 (-47.8%), from -€31,414 to -€46,437
- Debts after one year -€7,849
down €7,849 (-92.8%), from €8,458 to €609
- Tax, wage and social debts +€3,694
up €3,694 (+152.4%), from €2,423 to €6,117
of which Taxes: +€3,626
- Financial income +€839
up €839 (+1108.3%), from €76 to €915
- Staff costs +€624
up €624 (+2.8%), from €22,475 to €23,099
- Financial charges -€359
down €359 (-57.5%), from €625 to €266
- Taxes +€318
up €318 (+345.8%), from €92 to €409
- Other operating charges +€297
up €297 (+54.3%), from €548 to €845
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 | €210,173 | €191,179 | -€18,995 | -9.0% |
| Fixed assets | 21/28 | €97,417 | €78,482 | -€18,936 | -19.4% |
| Tangible fixed assets | 22/27 | €95,977 | €77,042 | -€18,936 | -19.7% |
| Furniture and vehicles | 24 | €30,036 | €16,788 | -€13,247 | -44.1% |
| Leasing and similar rights | 25 | €65,942 | €60,253 | -€5,688 | -8.6% |
| Financial fixed assets | 28 | €1,440 | €1,440 | = | 0.0% |
| Current assets | 29/58 | €112,756 | €112,697 | -€59 | -0.1% |
| Amounts receivable within one year | 40/41 | €7,491 | €23,576 | +€16,085 | +214.7% |
| Trade receivables | 40 | - | €16,856 | +€16,856 | |
| Other amounts receivable | 41 | €7,491 | €6,719 | -€772 | -10.3% |
| Current investments | 50/53 | €91,800 | €81,056 | -€10,744 | -11.7% |
| Cash at bank and in hand | 54/58 | €13,299 | €7,538 | -€5,760 | -43.3% |
| Deferred charges and accrued income | 490/1 | €166 | €527 | +€360 | +216.7% |
| Total equity and liabilities | 10/49 | €210,173 | €191,179 | -€18,995 | -9.0% |
| Equity | 10/15 | €188,886 | €173,863 | -€15,023 | -8.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €200,300 | €200,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €198,300 | €198,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,414 | -€46,437 | -€15,023 | -47.8% |
| Amounts payable | 17/49 | €21,287 | €17,316 | -€3,971 | -18.7% |
| Amounts payable after more than one year | 17 | €8,458 | €609 | -€7,849 | -92.8% |
| Financial debts | 170/4 | €8,458 | €609 | -€7,849 | -92.8% |
| Amounts payable within one year | 42/48 | €12,829 | €16,707 | +€3,878 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | €7,311 | €7,311 | = | 0.0% |
| Trade debts | 44 | €3,094 | €3,278 | +€184 | +5.9% |
| Suppliers | 440/4 | €3,094 | €3,278 | +€184 | +5.9% |
| Taxes, remuneration and social security | 45 | €2,423 | €6,117 | +€3,694 | +152.4% |
| Taxes | 450/3 | €1,059 | €4,685 | +€3,626 | +342.5% |
| Remuneration and social security | 454/9 | €1,365 | €1,433 | +€68 | +5.0% |
| Remuneration, social security and pensions | 62 | €22,475 | €23,099 | +€624 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,045 | €18,936 | -€110 | -0.6% |
| Other operating charges | 640/8 | €548 | €845 | +€297 | +54.3% |
| Gross operating margin | 9900 | €27,753 | €27,616 | -€136 | -0.5% |
| Operating profit (loss) | 9901 | -€14,315 | -€15,263 | -€948 | -6.6% |
| Financial income | 75/76B | €76 | €915 | +€839 | +1108.3% |
| Recurring financial income | 75 | €76 | €915 | +€839 | +1108.3% |
| Financial charges | 65/66B | €625 | €266 | -€359 | -57.5% |
| Recurring financial charges | 65 | €625 | €266 | -€359 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,864 | -€14,614 | +€250 | +1.7% |
| Income taxes | 67/77 | €92 | €409 | +€318 | +345.8% |
| Profit (loss) for the period | 9904 | -€14,956 | -€15,023 | -€67 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,956 | -€15,023 | -€67 | -0.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.