XGTech: 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
XGTech
NACE 62.200, Computer consultancy and computer facilities management
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€783,506
2024 · €299,064+€484,442
Equity
€1.5m
2024 · €770,134+€683,506
Cash
€6,404
2024 · €6,704-€300
Balance sheet total
€2.0m
2024 · €1.7m+€343,465
Largest movements
Assets
- Receivables within one year +€202,360
up €202,360 (+45.5%), from €444,987 to €647,348
of which Other amounts receivable: +€328,713
- Financial fixed assets +€141,995
up €141,995 (+11.8%), from €1.2m to €1.3m
Equity and liabilities
- Reserves +€684,000
up €684,000 (+96.7%), from €707,320 to €1.4m
of which Distributable reserves: +€684,000
- Trade debts -€308,449
down €308,449 (-47.0%), from €656,103 to €347,654
- Other debts -€94,911
down €94,911 (-48.7%), from €194,911 to €100,000
- Current portion of long-term debt +€60,000
new in 2025: €60,000
Income statement
- Financial income +€600,926
up €600,926 (+245%), from €245,754 to €846,680
of which Non-recurring financial income: +€846,672
- Turnover -€397,144
down €397,144 (-16.5%), from €2.4m to €2.0m
- Purchases and services -€318,717
down €318,717 (-15.3%), from €2.1m to €1.8m
- Gross operating margin -€119,215
down €119,215 (-32.5%), from €366,931 to €247,717
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
€299,064
Gross operating margin
-€119,215
Staff costs
+€6,258
Depreciation
+€3,589
Write-downs
-€28
Other operating charges
-€786
Other operating items
+€1,335
Financial income
+€600,926
Financial charges
-€7,289
Taxes
-€348
Result 2025
€783,506
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
+€184,211
Investment
-€144,511
Financing
-€40,000
Cash 2024
€6,704
From operations (derived)
+€184,211
Net result for the year
+€783,506
Depreciation
+€4,890
Receivables within one year
-€202,360
Smaller working-capital items
-€1,756
Trade debts
-€308,449
Tax, wage and social debts
+€3,290
Other debts
-€94,911
Investment (derived)
-€144,511
Investment in fixed assets (net)
-€144,511
Financing
-€40,000
Current portion of long-term debt
+€60,000
Contributions, distributions and other
-€100,000
Cash 2025
€6,404
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,662,136 | €2,005,601 | +€343,465 | +20.7% |
| Fixed assets | 21/28 | €1,206,904 | €1,346,525 | +€139,621 | +11.6% |
| Tangible fixed assets | 22/27 | €6,175 | €3,801 | -€2,374 | -38.4% |
| Plant, machinery and equipment | 23 | €6,175 | €3,801 | -€2,374 | -38.4% |
| Financial fixed assets | 28 | €1,200,729 | €1,342,724 | +€141,995 | +11.8% |
| Current assets | 29/58 | €455,232 | €659,076 | +€203,844 | +44.8% |
| Amounts receivable within one year | 40/41 | €444,987 | €647,348 | +€202,360 | +45.5% |
| Trade receivables | 40 | €408,845 | €282,492 | -€126,353 | -30.9% |
| Other amounts receivable | 41 | €36,143 | €364,856 | +€328,713 | +909% |
| Cash at bank and in hand | 54/58 | €6,704 | €6,404 | -€300 | -4.5% |
| Deferred charges and accrued income | 490/1 | €3,540 | €5,324 | +€1,784 | +50.4% |
| Total equity and liabilities | 10/49 | €1,662,136 | €2,005,601 | +€343,465 | +20.7% |
| Equity | 10/15 | €770,134 | €1,453,640 | +€683,506 | +88.8% |
| 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 | €707,320 | €1,391,320 | +€684,000 | +96.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €701,120 | €1,385,120 | +€684,000 | +97.6% |
| Profit (loss) carried forward | 14 | €814 | €320 | -€494 | -60.7% |
| Provisions and deferred taxes | 16 | - | €28 | +€28 | |
| Provisions for liabilities and charges | 160/5 | - | €28 | +€28 | |
| Pensions and similar obligations | 160 | - | €28 | +€28 | |
| Amounts payable | 17/49 | €892,002 | €551,932 | -€340,070 | -38.1% |
| Amounts payable within one year | 42/48 | €892,002 | €551,932 | -€340,070 | -38.1% |
| Current portion of amounts payable after more than one year | 42 | - | €60,000 | +€60,000 | |
| Trade debts | 44 | €656,103 | €347,654 | -€308,449 | -47.0% |
| Suppliers | 440/4 | €656,103 | €347,654 | -€308,449 | -47.0% |
| Taxes, remuneration and social security | 45 | €40,988 | €44,278 | +€3,290 | +8.0% |
| Taxes | 450/3 | €496 | €8,102 | +€7,607 | +1,535% |
| Remuneration and social security | 454/9 | €40,493 | €36,176 | -€4,317 | -10.7% |
| Other amounts payable | 47/48 | €194,911 | €100,000 | -€94,911 | -48.7% |
| Turnover | 70 | €2,408,081 | €2,010,937 | -€397,144 | -16.5% |
| Non-recurring operating income | 76A | €40,169 | - | -€40,169 | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,084,261 | €1,765,544 | -€318,717 | -15.3% |
| Remuneration, social security and pensions | 62 | €270,279 | €264,021 | -€6,258 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,479 | €4,890 | -€3,589 | -42.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €28 | +€28 | |
| Other operating charges | 640/8 | €2,528 | €3,314 | +€786 | +31.1% |
| Non-recurring operating charges | 66A | €1,335 | - | -€1,335 | |
| Gross operating margin | 9900 | €366,931 | €247,717 | -€119,215 | -32.5% |
| Operating profit (loss) | 9901 | €84,310 | -€24,536 | -€108,847 | |
| Financial income | 75/76B | €245,754 | €846,680 | +€600,926 | +245% |
| Recurring financial income | 75 | €245,747 | €846,680 | +€600,933 | +245% |
| Non-recurring financial income | 76B | €8 | €846,680 | +€846,672 | +10,799,390% |
| Financial charges | 65/66B | €30,295 | €37,583 | +€7,289 | +24.1% |
| Recurring financial charges | 65 | €30,295 | €37,583 | +€7,289 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €299,770 | €784,560 | +€484,790 | +162% |
| Income taxes | 67/77 | €706 | €1,054 | +€348 | +49.3% |
| Profit (loss) for the period | 9904 | €299,064 | €783,506 | +€484,442 | +162% |
| Profit (loss) for the period to be appropriated | 9905 | €299,064 | €783,506 | +€484,442 | +162% |
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.