XIAP: 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.
XIAP
Largest movements
- Tangible fixed assets +€8,619
up €8,619 (+48.8%), from €17,649 to €26,268
of which Furniture and vehicles: +€8,670
- Cash +€877
up €877 (+12.5%), from €7,032 to €7,909
mainly Net result for the year (+€11,835) and Depreciation (+€1,681)
- Profit (loss) carried forward +€11,835
up €11,835 (+14.1%), from -€83,948 to -€72,114
- Other debts -€3,520
down €3,520 (-4.0%), from €87,373 to €83,853
- Advances received +€1,500
new in 2025: €1,500
- Depreciation -€4,808
down €4,808 (-74.1%), from €6,488 to €1,681
- Gross operating margin -€977
down €977 (-5.7%), from €17,213 to €16,236
- Staff costs -€964
no longer reported in 2025 (was €964)
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 | €29,617 | €39,131 | +€9,514 | +32.1% |
| Fixed assets | 21/28 | €17,649 | €26,268 | +€8,619 | +48.8% |
| Tangible fixed assets | 22/27 | €17,649 | €26,268 | +€8,619 | +48.8% |
| Land and buildings | 22 | €17,400 | €17,400 | = | 0.0% |
| Plant, machinery and equipment | 23 | €51 | - | -€51 | |
| Furniture and vehicles | 24 | €197 | €8,868 | +€8,670 | +4393.9% |
| Current assets | 29/58 | €11,968 | €12,863 | +€895 | +7.5% |
| Stocks and contracts in progress | 3 | €500 | €445 | -€55 | -11.0% |
| Stocks | 30/36 | €500 | €445 | -€55 | -11.0% |
| Amounts receivable within one year | 40/41 | €3,849 | €3,939 | +€90 | +2.3% |
| Trade receivables | 40 | €3,827 | €3,754 | -€73 | -1.9% |
| Other amounts receivable | 41 | €22 | €185 | +€164 | +755.1% |
| Cash at bank and in hand | 54/58 | €7,032 | €7,909 | +€877 | +12.5% |
| Deferred charges and accrued income | 490/1 | €587 | €570 | -€17 | -2.9% |
| Total equity and liabilities | 10/49 | €29,617 | €39,131 | +€9,514 | +32.1% |
| Equity | 10/15 | -€65,348 | -€53,514 | +€11,835 | +18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,948 | -€72,114 | +€11,835 | +14.1% |
| Amounts payable | 17/49 | €94,965 | €92,645 | -€2,320 | -2.4% |
| Amounts payable within one year | 42/48 | €94,965 | €92,645 | -€2,320 | -2.4% |
| Trade debts | 44 | €5,430 | €5,504 | +€74 | +1.4% |
| Suppliers | 440/4 | €5,430 | €5,504 | +€74 | +1.4% |
| Advances received on contracts in progress | 46 | - | €1,500 | +€1,500 | |
| Taxes, remuneration and social security | 45 | €2,162 | €1,788 | -€374 | -17.3% |
| Taxes | 450/3 | €2,162 | €1,788 | -€374 | -17.3% |
| Other amounts payable | 47/48 | €87,373 | €83,853 | -€3,520 | -4.0% |
| Non-recurring operating income | 76A | - | €1,240 | +€1,240 | |
| Remuneration, social security and pensions | 62 | €964 | - | -€964 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,488 | €1,681 | -€4,808 | -74.1% |
| Other operating charges | 640/8 | €2,350 | €2,455 | +€105 | +4.5% |
| Gross operating margin | 9900 | €17,213 | €16,236 | -€977 | -5.7% |
| Operating profit (loss) | 9901 | €7,410 | €12,101 | +€4,690 | +63.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -66.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -66.7% |
| Financial charges | 65/66B | €363 | €266 | -€98 | -26.9% |
| Recurring financial charges | 65 | €363 | €266 | -€98 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €7,047 | €11,835 | +€4,788 | +67.9% |
| Profit (loss) for the period | 9904 | €7,047 | €11,835 | +€4,788 | +67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,047 | €11,835 | +€4,788 | +67.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.