XL CONCEPT: 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.
XL CONCEPT
Largest movements
- Receivables within one year +€93,481
up €93,481 (+503.7%), from €18,560 to €112,041
of which Other amounts receivable: +€104,381
- Cash -€73,675
down €73,675 (-100.0%), from €73,696 to €21
mainly Receivables within one year (-€93,481) and Trade debts (-€25,650)
- Other debts +€32,126
up €32,126 (+751.6%), from €4,274 to €36,401
- Trade debts -€25,650
down €25,650 (-73.0%), from €35,125 to €9,474
- Profit (loss) carried forward +€17,252
up €17,252 (+85.2%), from €20,250 to €37,502
- Accrued charges and deferred income -€8,006
no longer reported in 2025 (was €8,006)
- Tax, wage and social debts +€5,900
new in 2025: €5,900
- Taxes +€5,900
new in 2025: €5,900
- Gross operating margin +€2,579
up €2,579 (+12.0%), from €21,535 to €24,114
- Other operating charges -€407
down €407 (-30.9%), from €1,318 to €911
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 | €92,256 | €112,277 | +€20,021 | +21.7% |
| Current assets | 29/58 | €92,256 | €112,277 | +€20,021 | +21.7% |
| Amounts receivable within one year | 40/41 | €18,560 | €112,041 | +€93,481 | +503.7% |
| Trade receivables | 40 | €15,560 | €4,660 | -€10,901 | -70.1% |
| Other amounts receivable | 41 | €3,000 | €107,381 | +€104,381 | +3479.6% |
| Cash at bank and in hand | 54/58 | €73,696 | €21 | -€73,675 | -100.0% |
| Deferred charges and accrued income | 490/1 | €0 | €215 | +€215 | |
| Total equity and liabilities | 10/49 | €92,256 | €112,277 | +€20,021 | +21.7% |
| Equity | 10/15 | €25,250 | €42,502 | +€17,252 | +68.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,250 | €37,502 | +€17,252 | +85.2% |
| Amounts payable | 17/49 | €67,006 | €69,775 | +€2,769 | +4.1% |
| Amounts payable within one year | 42/48 | €58,999 | €69,775 | +€10,776 | +18.3% |
| Trade debts | 44 | €35,125 | €9,474 | -€25,650 | -73.0% |
| Suppliers | 440/4 | €35,125 | €9,474 | -€25,650 | -73.0% |
| Advances received on contracts in progress | 46 | €19,601 | €18,000 | -€1,601 | -8.2% |
| Taxes, remuneration and social security | 45 | - | €5,900 | +€5,900 | |
| Taxes | 450/3 | - | €5,900 | +€5,900 | |
| Other amounts payable | 47/48 | €4,274 | €36,401 | +€32,126 | +751.6% |
| Accrued charges and deferred income | 492/3 | €8,006 | - | -€8,006 | |
| Other operating charges | 640/8 | €1,318 | €911 | -€407 | -30.9% |
| Gross operating margin | 9900 | €21,535 | €24,114 | +€2,579 | +12.0% |
| Operating profit (loss) | 9901 | €20,217 | €23,203 | +€2,986 | +14.8% |
| Financial income | 75/76B | €118 | - | -€118 | |
| Recurring financial income | 75 | €118 | - | -€118 | |
| Financial charges | 65/66B | €85 | €51 | -€34 | -40.1% |
| Recurring financial charges | 65 | €85 | €51 | -€34 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | €20,250 | €23,152 | +€2,902 | +14.3% |
| Income taxes | 67/77 | - | €5,900 | +€5,900 | |
| Profit (loss) for the period | 9904 | €20,250 | €17,252 | -€2,998 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,250 | €17,252 | -€2,998 | -14.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.