XIOR Seraing: 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.
XIOR Seraing
Largest movements
- Tangible fixed assets +€5.8m
up €5.8m (+64.2%), from €9.1m to €14.9m
- Cash -€499,801
down €499,801 (-100.0%), from €500,000 to €199
mainly Investment in fixed assets (net) (-€20.2m) and Net result for the year (-€14.6m)
- Debts after one year +€19.2m
up €19.2m (+208%), from €9.2m to €28.5m
- Profit (loss) carried forward -€14.6m
down €14.6m (-8,070%), from -€181,115 to -€14.8m
- Trade debts +€721,069
up €721,069 (+1,733%), from €41,613 to €762,682
- Depreciation +€14.4m
new in 2025: €14.4m
- Financial charges +€56,018
up €56,018 (+35.4%), from €158,156 to €214,174
- Gross operating margin +€8,836
up €8,836 (+39.1%), from -€22,572 to -€13,736
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 | €9,598,461 | €14,938,036 | +€5.3m | +55.6% |
| Fixed assets | 21/28 | €9,097,882 | €14,937,837 | +€5.8m | +64.2% |
| Tangible fixed assets | 22/27 | €9,097,882 | €14,937,837 | +€5.8m | +64.2% |
| Assets under construction and advance payments | 27 | €9,097,882 | €14,937,837 | +€5.8m | +64.2% |
| Current assets | 29/58 | €500,579 | €199 | -€500,380 | -100.0% |
| Cash at bank and in hand | 54/58 | €500,000 | €199 | -€499,801 | -100.0% |
| Deferred charges and accrued income | 490/1 | €579 | - | -€579 | |
| Total equity and liabilities | 10/49 | €9,598,461 | €14,938,036 | +€5.3m | +55.6% |
| Equity | 10/15 | €318,885 | -€14,297,041 | -€14.6m | |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €2,000,000 | €2,000,000 | = | 0.0% |
| Uncalled capital | 101 | €1,500,000 | €1,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€181,115 | -€14,797,041 | -€14.6m | -8,070% |
| Amounts payable | 17/49 | €9,279,575 | €29,235,077 | +€20.0m | +215% |
| Amounts payable after more than one year | 17 | €9,237,963 | €28,472,395 | +€19.2m | +208% |
| Other amounts payable | 178/9 | €9,237,963 | €28,472,395 | +€19.2m | +208% |
| Amounts payable within one year | 42/48 | €41,613 | €762,682 | +€721,069 | +1,733% |
| Trade debts | 44 | €41,613 | €762,682 | +€721,069 | +1,733% |
| Suppliers | 440/4 | €41,613 | €762,682 | +€721,069 | +1,733% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €14,387,497 | +€14.4m | |
| Other operating charges | 640/8 | €387 | €520 | +€132 | +34.2% |
| Gross operating margin | 9900 | -€22,572 | -€13,736 | +€8,836 | +39.1% |
| Operating profit (loss) | 9901 | -€22,959 | -€14,401,752 | -€14.4m | -62,628% |
| Financial charges | 65/66B | €158,156 | €214,174 | +€56,018 | +35.4% |
| Recurring financial charges | 65 | €158,156 | €214,174 | +€56,018 | +35.4% |
| Profit (loss) for the period before taxes | 9903 | -€181,115 | -€14,615,926 | -€14.4m | -7,970% |
| Profit (loss) for the period | 9904 | -€181,115 | -€14,615,926 | -€14.4m | -7,970% |
| Profit (loss) for the period to be appropriated | 9905 | -€181,115 | -€14,615,926 | -€14.4m | -7,970% |
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 30 October 2026 via checked.be.