XL Collective: 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.
XL Collective
Largest movements
- Receivables within one year -€49,725
down €49,725 (-17.7%), from €280,165 to €230,440
of which Other amounts receivable: -€41,489
- Cash -€7,868
down €7,868 (-15.1%), from €52,163 to €44,295
mainly Net result for the year (-€48,286) and Trade debts (-€5,528)
- Profit (loss) carried forward -€48,286
down €48,286 (-49.9%), from €96,815 to €48,529
- Trade debts -€5,528
no longer reported in 2025 (was €5,528)
- Tax, wage and social debts -€4,655
down €4,655 (-98.8%), from €4,710 to €55
- Financial income -€103,939
down €103,939 (-100.0%), from €103,957 to €18
- Financial charges +€47,817
up €47,817 (+22,344%), from €214 to €48,031
- Gross operating margin -€5,456
down €5,456 (-70.7%), from €7,713 to €2,257
- Depreciation -€2,542
down €2,542 (-49.6%), from €5,125 to €2,583
- Taxes -€651
down €651, from €598 to -€53
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 | €367,828 | €308,088 | -€59,740 | -16.2% |
| Fixed assets | 21/28 | €33,420 | €30,837 | -€2,583 | -7.7% |
| Tangible fixed assets | 22/27 | €5,880 | €3,297 | -€2,583 | -43.9% |
| Furniture and vehicles | 24 | €3,675 | €1,397 | -€2,278 | -62.0% |
| Other tangible fixed assets | 26 | €2,205 | €1,900 | -€305 | -13.8% |
| Financial fixed assets | 28 | €27,540 | €27,540 | = | 0.0% |
| Current assets | 29/58 | €334,408 | €277,251 | -€57,157 | -17.1% |
| Amounts receivable within one year | 40/41 | €280,165 | €230,440 | -€49,725 | -17.7% |
| Trade receivables | 40 | €20,744 | €12,508 | -€8,236 | -39.7% |
| Other amounts receivable | 41 | €259,421 | €217,932 | -€41,489 | -16.0% |
| Cash at bank and in hand | 54/58 | €52,163 | €44,295 | -€7,868 | -15.1% |
| Deferred charges and accrued income | 490/1 | €2,080 | €2,516 | +€436 | +21.0% |
| Total equity and liabilities | 10/49 | €367,828 | €308,088 | -€59,740 | -16.2% |
| Equity | 10/15 | €104,875 | €56,589 | -€48,286 | -46.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,815 | €48,529 | -€48,286 | -49.9% |
| Amounts payable | 17/49 | €262,953 | €251,499 | -€11,454 | -4.4% |
| Amounts payable within one year | 42/48 | €262,953 | €251,499 | -€11,454 | -4.4% |
| Trade debts | 44 | €5,528 | - | -€5,528 | |
| Suppliers | 440/4 | €5,528 | - | -€5,528 | |
| Taxes, remuneration and social security | 45 | €4,710 | €55 | -€4,655 | -98.8% |
| Taxes | 450/3 | €4,710 | €55 | -€4,655 | -98.8% |
| Other amounts payable | 47/48 | €252,715 | €251,444 | -€1,271 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,125 | €2,583 | -€2,542 | -49.6% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €7,713 | €2,257 | -€5,456 | -70.7% |
| Operating profit (loss) | 9901 | €2,201 | -€326 | -€2,527 | |
| Financial income | 75/76B | €103,957 | €18 | -€103,939 | -100.0% |
| Recurring financial income | 75 | €103,957 | €18 | -€103,939 | -100.0% |
| Financial charges | 65/66B | €214 | €48,031 | +€47,817 | +22,344% |
| Recurring financial charges | 65 | €214 | €48,031 | +€47,817 | +22,344% |
| Profit (loss) for the period before taxes | 9903 | €105,944 | -€48,339 | -€154,283 | |
| Income taxes | 67/77 | €598 | -€53 | -€651 | |
| Profit (loss) for the period | 9904 | €105,346 | -€48,286 | -€153,632 | |
| Profit (loss) for the period to be appropriated | 9905 | €105,346 | -€48,286 | -€153,632 |
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 27 October 2026 via checked.be.