XJH: 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.
XJH
Largest movements
- Receivables within one year +€21,222
up €21,222 (+25.7%), from €82,732 to €103,955
of which Other amounts receivable: +€21,222
- Tangible fixed assets -€5,237
down €5,237 (-52.0%), from €10,077 to €4,839
of which Leasing and similar rights: -€6,302
- Debts after one year -€25,214
down €25,214 (-30.6%), from €82,500 to €57,286
- Other debts +€21,498
up €21,498 (+19.3%), from €111,204 to €132,702
- Reserves +€21,231
up €21,231 (+21.5%), from €98,780 to €120,011
of which Distributable reserves: +€21,231
- Trade debts -€9,303
down €9,303 (-28.6%), from €32,528 to €23,225
- Tax, wage and social debts +€7,902
up €7,902 (+35.1%), from €22,515 to €30,417
of which Taxes: +€7,902
- Gross operating margin -€4,022
down €4,022 (-6.1%), from €66,341 to €62,319
- Depreciation -€2,936
down €2,936 (-28.4%), from €10,349 to €7,413
- Other operating charges -€2,315
down €2,315 (-55.7%), from €4,153 to €1,838
- Financial income +€1,760
up €1,760 (+47.2%), from €3,728 to €5,489
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 | €396,403 | €412,905 | +€16,502 | +4.2% |
| Fixed assets | 21/28 | €310,077 | €304,839 | -€5,237 | -1.7% |
| Tangible fixed assets | 22/27 | €10,077 | €4,839 | -€5,237 | -52.0% |
| Plant, machinery and equipment | 23 | €1,618 | €1,304 | -€314 | -19.4% |
| Furniture and vehicles | 24 | €2,156 | €3,535 | +€1,379 | +63.9% |
| Leasing and similar rights | 25 | €6,302 | €0 | -€6,302 | -100.0% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €86,326 | €108,065 | +€21,739 | +25.2% |
| Amounts receivable within one year | 40/41 | €82,732 | €103,955 | +€21,222 | +25.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €82,732 | €103,955 | +€21,222 | +25.7% |
| Cash at bank and in hand | 54/58 | €2,338 | €3,748 | +€1,409 | +60.3% |
| Deferred charges and accrued income | 490/1 | €1,256 | €363 | -€893 | -71.1% |
| Total equity and liabilities | 10/49 | €396,403 | €412,905 | +€16,502 | +4.2% |
| Equity | 10/15 | €111,180 | €132,411 | +€21,231 | +19.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €98,780 | €120,011 | +€21,231 | +21.5% |
| Non-distributable reserves | 130/1 | €755 | €755 | = | 0.0% |
| Reserves not available under the articles | 1311 | €755 | €755 | = | 0.0% |
| Distributable reserves | 133 | €98,025 | €119,256 | +€21,231 | +21.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €285,222 | €280,494 | -€4,729 | -1.7% |
| Amounts payable after more than one year | 17 | €82,500 | €57,286 | -€25,214 | -30.6% |
| Financial debts | 170/4 | €82,500 | €57,286 | -€25,214 | -30.6% |
| Amounts payable within one year | 42/48 | €202,722 | €222,881 | +€20,159 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €36,475 | €36,538 | +€63 | +0.2% |
| Trade debts | 44 | €32,528 | €23,225 | -€9,303 | -28.6% |
| Suppliers | 440/4 | €32,528 | €23,225 | -€9,303 | -28.6% |
| Taxes, remuneration and social security | 45 | €22,515 | €30,417 | +€7,902 | +35.1% |
| Taxes | 450/3 | €22,515 | €30,417 | +€7,902 | +35.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €111,204 | €132,702 | +€21,498 | +19.3% |
| Accrued charges and deferred income | 492/3 | - | €326 | +€326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,349 | €7,413 | -€2,936 | -28.4% |
| Other operating charges | 640/8 | €4,153 | €1,838 | -€2,315 | -55.7% |
| Gross operating margin | 9900 | €66,341 | €62,319 | -€4,022 | -6.1% |
| Operating profit (loss) | 9901 | €51,839 | €53,067 | +€1,228 | +2.4% |
| Financial income | 75/76B | €3,728 | €5,489 | +€1,760 | +47.2% |
| Recurring financial income | 75 | €3,728 | €5,489 | +€1,760 | +47.2% |
| Financial charges | 65/66B | €10,131 | €9,857 | -€275 | -2.7% |
| Recurring financial charges | 65 | €10,131 | €9,857 | -€275 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €45,436 | €48,699 | +€3,263 | +7.2% |
| Income taxes | 67/77 | €7,796 | €7,468 | -€328 | -4.2% |
| Profit (loss) for the period | 9904 | €37,640 | €41,231 | +€3,591 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,640 | €41,231 | +€3,591 | +9.5% |
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 3 October 2026 via checked.be.