XK Labs: 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.
XK Labs
Largest movements
- Cash +€39,343
up €39,343 (+45.9%), from €85,689 to €125,031
mainly Net result for the year (+€241,180) and Other debts (+€69,079)
- Receivables within one year -€33,641
down €33,641 (-45.0%), from €74,836 to €41,194
of which Trade receivables: -€33,641
- Tangible fixed assets -€16,534
down €16,534 (-66.9%), from €24,728 to €8,194
of which Other tangible fixed assets: -€10,218
- Other debts +€69,079
up €69,079 (+150%), from €45,986 to €115,065
- Reserves -€46,566
down €46,566 (-100%), from €46,566 to €0
- Tax, wage and social debts -€30,423
down €30,423 (-36.2%), from €84,005 to €53,583
of which Taxes: -€27,018
- Gross operating margin +€42,220
up €42,220 (+13.3%), from €316,427 to €358,647
- Financial income -€23,339
down €23,339 (-98.0%), from €23,818 to €479
- Other operating charges +€4,913
up €4,913 (+831%), from €591 to €5,504
- Depreciation -€4,341
down €4,341 (-71.1%), from €6,109 to €1,767
- Staff costs +€4,107
up €4,107 (+86.8%), from €4,732 to €8,839
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 | €187,702 | €178,632 | -€9,069 | -4.8% |
| Fixed assets | 21/28 | €24,728 | €8,194 | -€16,534 | -66.9% |
| Tangible fixed assets | 22/27 | €24,728 | €8,194 | -€16,534 | -66.9% |
| Furniture and vehicles | 24 | €14,013 | €7,697 | -€6,316 | -45.1% |
| Other tangible fixed assets | 26 | €10,715 | €496 | -€10,218 | -95.4% |
| Current assets | 29/58 | €162,974 | €170,439 | +€7,465 | +4.6% |
| Amounts receivable within one year | 40/41 | €74,836 | €41,194 | -€33,641 | -45.0% |
| Trade receivables | 40 | €74,836 | €41,194 | -€33,641 | -45.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €85,689 | €125,031 | +€39,343 | +45.9% |
| Deferred charges and accrued income | 490/1 | €2,449 | €4,213 | +€1,764 | +72.0% |
| Total equity and liabilities | 10/49 | €187,702 | €178,632 | -€9,069 | -4.8% |
| Equity | 10/15 | €49,566 | €3,000 | -€46,566 | -93.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €46,566 | €0 | -€46,566 | -100% |
| Distributable reserves | 133 | €46,566 | €0 | -€46,566 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €138,136 | €175,632 | +€37,497 | +27.1% |
| Amounts payable within one year | 42/48 | €137,686 | €175,632 | +€37,947 | +27.6% |
| Financial debts | 43 | €812 | €1,132 | +€320 | +39.4% |
| Credit institutions | 430/8 | €812 | €1,132 | +€320 | +39.4% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €6,881 | €5,852 | -€1,030 | -15.0% |
| Suppliers | 440/4 | €6,881 | €5,852 | -€1,030 | -15.0% |
| Taxes, remuneration and social security | 45 | €84,005 | €53,583 | -€30,423 | -36.2% |
| Taxes | 450/3 | €80,095 | €53,077 | -€27,018 | -33.7% |
| Remuneration and social security | 454/9 | €3,911 | €506 | -€3,405 | -87.1% |
| Other amounts payable | 47/48 | €45,986 | €115,065 | +€69,079 | +150% |
| Accrued charges and deferred income | 492/3 | €450 | €0 | -€450 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €4,732 | €8,839 | +€4,107 | +86.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,109 | €1,767 | -€4,341 | -71.1% |
| Other operating charges | 640/8 | €591 | €5,504 | +€4,913 | +831% |
| Non-recurring operating charges | 66A | €0 | €22,707 | +€22,707 | |
| Gross operating margin | 9900 | €316,427 | €358,647 | +€42,220 | +13.3% |
| Operating profit (loss) | 9901 | €304,995 | €319,829 | +€14,833 | +4.9% |
| Financial income | 75/76B | €23,818 | €479 | -€23,339 | -98.0% |
| Recurring financial income | 75 | €23,818 | €479 | -€23,339 | -98.0% |
| Financial charges | 65/66B | €2,961 | €2,824 | -€137 | -4.6% |
| Recurring financial charges | 65 | €2,961 | €2,824 | -€137 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €325,853 | €317,484 | -€8,369 | -2.6% |
| Income taxes | 67/77 | €73,448 | €76,304 | +€2,856 | +3.9% |
| Profit (loss) for the period | 9904 | €252,404 | €241,180 | -€11,225 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €252,404 | €241,180 | -€11,225 | -4.4% |
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 24 October 2026 via checked.be.