XKS: 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.
XKS
Largest movements
- Cash -€169,763
down €169,763 (-80.0%), from €212,296 to €42,533
mainly Contributions, distributions and other (-€226,156) and Net result for the year (-€54,272)
- Current investments -€149,190
down €149,190 (-14.9%), from €1.0m to €854,486
- Tangible fixed assets -€22,912
down €22,912 (-30.4%), from €75,486 to €52,574
of which Furniture and vehicles: -€21,257
- Reserves -€226,156
down €226,156 (-17.0%), from €1.3m to €1.1m
of which Distributable reserves: -€226,156
- Profit (loss) carried forward -€54,272
new in 2025: -€54,272
- Tax, wage and social debts -€33,920
down €33,920 (-58.7%), from €57,799 to €23,879
- Current portion of long-term debt -€19,997
down €19,997 (-82.4%), from €24,254 to €4,257
- Gross operating margin -€269,952
down €269,952, from €212,202 to -€57,751
- Taxes -€79,652
down €79,652, from €65,472 to -€14,180
- Financial income -€30,155
down €30,155 (-42.5%), from €70,918 to €40,763
- Financial charges -€5,833
down €5,833 (-27.7%), from €21,031 to €15,198
- Other operating charges +€3,730
up €3,730 (+38.8%), from €9,625 to €13,355
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 | €1,422,286 | €1,090,960 | -€331,326 | -23.3% |
| Fixed assets | 21/28 | €78,586 | €55,674 | -€22,912 | -29.2% |
| Tangible fixed assets | 22/27 | €75,486 | €52,574 | -€22,912 | -30.4% |
| Plant, machinery and equipment | 23 | €6,387 | €5,370 | -€1,016 | -15.9% |
| Furniture and vehicles | 24 | €65,735 | €44,478 | -€21,257 | -32.3% |
| Other tangible fixed assets | 26 | €3,364 | €2,726 | -€638 | -19.0% |
| Financial fixed assets | 28 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €1,343,700 | €1,035,286 | -€308,414 | -23.0% |
| Amounts receivable within one year | 40/41 | €31,557 | €40,235 | +€8,678 | +27.5% |
| Other amounts receivable | 41 | €31,557 | €40,235 | +€8,678 | +27.5% |
| Current investments | 50/53 | €1,003,675 | €854,486 | -€149,190 | -14.9% |
| Cash at bank and in hand | 54/58 | €212,296 | €42,533 | -€169,763 | -80.0% |
| Deferred charges and accrued income | 490/1 | €96,171 | €98,032 | +€1,861 | +1.9% |
| Total equity and liabilities | 10/49 | €1,422,286 | €1,090,960 | -€331,326 | -23.3% |
| Equity | 10/15 | €1,338,401 | €1,057,973 | -€280,429 | -21.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,332,201 | €1,106,045 | -€226,156 | -17.0% |
| Tax-exempt reserves | 132 | €315,750 | €315,750 | = | 0.0% |
| Distributable reserves | 133 | €1,016,451 | €790,295 | -€226,156 | -22.2% |
| Profit (loss) carried forward | 14 | - | -€54,272 | -€54,272 | |
| Amounts payable | 17/49 | €83,884 | €32,987 | -€50,897 | -60.7% |
| Amounts payable within one year | 42/48 | €83,839 | €30,758 | -€53,081 | -63.3% |
| Current portion of amounts payable after more than one year | 42 | €24,254 | €4,257 | -€19,997 | -82.4% |
| Trade debts | 44 | €1,758 | €2,595 | +€837 | +47.6% |
| Suppliers | 440/4 | €1,758 | €2,595 | +€837 | +47.6% |
| Taxes, remuneration and social security | 45 | €57,799 | €23,879 | -€33,920 | -58.7% |
| Taxes | 450/3 | €57,799 | €23,879 | -€33,920 | -58.7% |
| Other amounts payable | 47/48 | €28 | €28 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €46 | €2,229 | +€2,183 | +4787.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,140 | €22,912 | +€772 | +3.5% |
| Other operating charges | 640/8 | €9,625 | €13,355 | +€3,730 | +38.8% |
| Gross operating margin | 9900 | €212,202 | -€57,751 | -€269,952 | |
| Operating profit (loss) | 9901 | €180,437 | -€94,018 | -€274,454 | |
| Financial income | 75/76B | €70,918 | €40,763 | -€30,155 | -42.5% |
| Recurring financial income | 75 | €70,918 | €40,763 | -€30,155 | -42.5% |
| Financial charges | 65/66B | €21,031 | €15,198 | -€5,833 | -27.7% |
| Recurring financial charges | 65 | €21,031 | €15,198 | -€5,833 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €230,323 | -€68,452 | -€298,776 | |
| Income taxes | 67/77 | €65,472 | -€14,180 | -€79,652 | |
| Profit (loss) for the period | 9904 | €164,851 | -€54,272 | -€219,124 | |
| Profit (loss) for the period to be appropriated | 9905 | €164,851 | -€54,272 | -€219,124 |
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 11 October 2026 via checked.be.