XL HOME: 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 HOME
Largest movements
- Stocks and contracts -€85,056
down €85,056 (-7.4%), from €1.1m to €1.1m
- Receivables within one year -€37,972
down €37,972 (-60.5%), from €62,809 to €24,838
of which Trade receivables: -€48,184
- Debts after one year -€808,700
down €808,700 (-73.9%), from €1.1m to €285,519
of which Financial debts: -€808,700
- Short-term financial debts +€580,000
new in 2025: €580,000
- Other debts +€50,000
new in 2025: €50,000
- Trade debts +€23,024
up €23,024 (+31.2%), from €73,837 to €96,861
- Profit (loss) carried forward +€14,255
up €14,255 (+473%), from €3,015 to €17,270
- Gross operating margin +€119,560
up €119,560 (+155%), from €77,202 to €196,762
- Financial charges +€39,640
up €39,640 (+33,222%), from €119 to €39,760
- Depreciation +€5,331
up €5,331 (+93.9%), from €5,677 to €11,007
- Taxes +€5,114
up €5,114 (+651%), from €786 to €5,900
- Staff costs +€3,189
up €3,189 (+4.6%), from €68,675 to €71,864
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 | €1,249,045 | €1,115,963 | -€133,083 | -10.7% |
| Fixed assets | 21/28 | €25,126 | €14,119 | -€11,007 | -43.8% |
| Tangible fixed assets | 22/27 | €25,126 | €14,119 | -€11,007 | -43.8% |
| Plant, machinery and equipment | 23 | €8,904 | €2,683 | -€6,221 | -69.9% |
| Furniture and vehicles | 24 | €16,222 | €11,436 | -€4,786 | -29.5% |
| Current assets | 29/58 | €1,223,919 | €1,101,844 | -€122,075 | -10.0% |
| Stocks and contracts in progress | 3 | €1,147,519 | €1,062,463 | -€85,056 | -7.4% |
| Stocks | 30/36 | €1,147,519 | €1,062,463 | -€85,056 | -7.4% |
| Amounts receivable within one year | 40/41 | €62,809 | €24,838 | -€37,972 | -60.5% |
| Trade receivables | 40 | €49,384 | €1,200 | -€48,184 | -97.6% |
| Other amounts receivable | 41 | €13,425 | €23,638 | +€10,213 | +76.1% |
| Cash at bank and in hand | 54/58 | €6,002 | €8,727 | +€2,725 | +45.4% |
| Deferred charges and accrued income | 490/1 | €7,588 | €5,815 | -€1,773 | -23.4% |
| Total equity and liabilities | 10/49 | €1,249,045 | €1,115,963 | -€133,083 | -10.7% |
| Equity | 10/15 | €65,415 | €83,070 | +€17,655 | +27.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €400 | €3,800 | +€3,400 | +850% |
| Non-distributable reserves | 130/1 | €400 | €3,800 | +€3,400 | +850% |
| Legal reserve | 130 | €400 | €3,800 | +€3,400 | +850% |
| Profit (loss) carried forward | 14 | €3,015 | €17,270 | +€14,255 | +473% |
| Amounts payable | 17/49 | €1,183,631 | €1,032,893 | -€150,738 | -12.7% |
| Amounts payable after more than one year | 17 | €1,094,219 | €285,519 | -€808,700 | -73.9% |
| Financial debts | 170/4 | €894,219 | €85,519 | -€808,700 | -90.4% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €79,646 | €739,374 | +€659,728 | +828% |
| Current portion of amounts payable after more than one year | 42 | €3,238 | €3,389 | +€152 | +4.7% |
| Financial debts | 43 | - | €580,000 | +€580,000 | |
| Credit institutions | 430/8 | - | €580,000 | +€580,000 | |
| Trade debts | 44 | €73,837 | €96,861 | +€23,024 | +31.2% |
| Suppliers | 440/4 | €73,837 | €96,861 | +€23,024 | +31.2% |
| Taxes, remuneration and social security | 45 | €2,572 | €9,124 | +€6,552 | +255% |
| Taxes | 450/3 | €1,076 | €6,686 | +€5,610 | +521% |
| Remuneration and social security | 454/9 | €1,496 | €2,438 | +€942 | +63.0% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | €9,766 | €8,000 | -€1,766 | -18.1% |
| Remuneration, social security and pensions | 62 | €68,675 | €71,864 | +€3,189 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,677 | €11,007 | +€5,331 | +93.9% |
| Other operating charges | 640/8 | €786 | €682 | -€103 | -13.2% |
| Gross operating margin | 9900 | €77,202 | €196,762 | +€119,560 | +155% |
| Operating profit (loss) | 9901 | €2,064 | €113,208 | +€111,144 | +5,384% |
| Financial income | 75/76B | €1,178 | €107 | -€1,071 | -90.9% |
| Recurring financial income | 75 | €1,178 | €107 | -€1,071 | -90.9% |
| Financial charges | 65/66B | €119 | €39,760 | +€39,640 | +33,222% |
| Recurring financial charges | 65 | €119 | €39,760 | +€39,640 | +33,222% |
| Profit (loss) for the period before taxes | 9903 | €3,123 | €73,555 | +€70,432 | +2,255% |
| Income taxes | 67/77 | €786 | €5,900 | +€5,114 | +651% |
| Profit (loss) for the period | 9904 | €2,337 | €67,655 | +€65,318 | +2,795% |
| Profit (loss) for the period to be appropriated | 9905 | €2,337 | €67,655 | +€65,318 | +2,795% |
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 1 November 2026 via checked.be.