XL IMMO: 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 IMMO
Largest movements
- Tangible fixed assets -€7,196
down €7,196 (-4.9%), from €146,851 to €139,655
- Cash +€4,145
up €4,145 (+14.4%), from €28,834 to €32,979
mainly Net result for the year (+€12,382) and Depreciation (+€7,194)
- Deferred charges and accrued income +€2,585
new in 2025: €2,585
- Debts after one year -€14,130
down €14,130 (-18.8%), from €75,045 to €60,915
- Reserves +€12,382
up €12,382 (+20.0%), from €62,000 to €74,382
- Trade debts +€2,585
new in 2025: €2,585
- Gross operating margin -€6,662
down €6,662 (-18.6%), from €35,783 to €29,121
- Taxes -€1,601
down €1,601 (-25.7%), from €6,239 to €4,638
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 | €175,715 | €175,249 | -€466 | -0.3% |
| Fixed assets | 21/28 | €146,851 | €139,655 | -€7,196 | -4.9% |
| Tangible fixed assets | 22/27 | €146,851 | €139,655 | -€7,196 | -4.9% |
| Land and buildings | 22 | €146,851 | €139,655 | -€7,196 | -4.9% |
| Current assets | 29/58 | €28,864 | €35,594 | +€6,730 | +23.3% |
| Amounts receivable within one year | 40/41 | €30 | €30 | = | 0.0% |
| Other amounts receivable | 41 | €30 | €30 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,834 | €32,979 | +€4,145 | +14.4% |
| Deferred charges and accrued income | 490/1 | - | €2,585 | +€2,585 | |
| Total equity and liabilities | 10/49 | €175,715 | €175,249 | -€466 | -0.3% |
| Equity | 10/15 | €80,600 | €92,982 | +€12,382 | +15.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €62,000 | €74,382 | +€12,382 | +20.0% |
| Distributable reserves | 133 | €62,000 | €74,382 | +€12,382 | +20.0% |
| Amounts payable | 17/49 | €95,115 | €82,267 | -€12,848 | -13.5% |
| Amounts payable after more than one year | 17 | €75,045 | €60,915 | -€14,130 | -18.8% |
| Financial debts | 170/4 | €75,045 | €60,915 | -€14,130 | -18.8% |
| Amounts payable within one year | 42/48 | €20,070 | €21,352 | +€1,282 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €13,832 | €14,129 | +€297 | +2.1% |
| Trade debts | 44 | - | €2,585 | +€2,585 | |
| Suppliers | 440/4 | - | €2,585 | +€2,585 | |
| Taxes, remuneration and social security | 45 | €6,238 | €4,638 | -€1,600 | -25.6% |
| Taxes | 450/3 | €6,238 | €4,638 | -€1,600 | -25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,194 | €7,194 | = | 0.0% |
| Other operating charges | 640/8 | €3,032 | €3,011 | -€21 | -0.7% |
| Gross operating margin | 9900 | €35,783 | €29,121 | -€6,662 | -18.6% |
| Operating profit (loss) | 9901 | €25,557 | €18,916 | -€6,641 | -26.0% |
| Financial charges | 65/66B | €2,180 | €1,896 | -€284 | -13.0% |
| Recurring financial charges | 65 | €2,180 | €1,896 | -€284 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €23,377 | €17,020 | -€6,357 | -27.2% |
| Income taxes | 67/77 | €6,239 | €4,638 | -€1,601 | -25.7% |
| Profit (loss) for the period | 9904 | €17,138 | €12,382 | -€4,756 | -27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,138 | €12,382 | -€4,756 | -27.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.