XL TELECOM: 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.
What changed
XL TELECOM
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€63,817
2024 · €51,012+€12,805
Equity
€296,067
2024 · €261,750+€34,317
Cash
€18,348
2024 · €19,698-€1,350
Balance sheet total
€517,359
2024 · €511,600+€5,759
Largest movements
Assets
- Current investments +€19,990
up €19,990 (+50.0%), from €40,008 to €59,998
- Tangible fixed assets -€15,649
down €15,649 (-3.7%), from €421,337 to €405,688
of which Land and buildings: -€13,396
Equity and liabilities
- Debts after one year -€34,648
down €34,648 (-18.8%), from €183,950 to €149,302
- Reserves +€34,317
up €34,317 (+13.5%), from €254,610 to €288,927
Income statement
- Gross operating margin +€4,847
up €4,847 (+4.4%), from €109,185 to €114,032
- Depreciation -€3,923
down €3,923 (-14.3%), from €27,470 to €23,547
- Taxes -€2,853
down €2,853 (-13.1%), from €21,755 to €18,902
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.
Result 2024
€51,012
Gross operating margin
+€4,847
Depreciation
+€3,923
Other operating charges
+€839
Other operating items
-€268
Financial income
+€269
Financial charges
+€342
Taxes
+€2,853
Result 2025
€63,817
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.
From operations
+€90,407
Investment
-€27,888
Financing
-€63,869
Cash 2024
€19,698
From operations (derived)
+€90,407
Net result for the year
+€63,817
Depreciation
+€23,547
Receivables within one year
-€422
Deferred charges and accrued income
-€2,346
Trade debts
-€167
Tax, wage and social debts
+€4,071
Other debts
+€1,250
Accrued charges and deferred income
+€657
Investment (derived)
-€27,888
Investment in fixed assets (net)
-€7,898
Current investments
-€19,990
Financing
-€63,869
Debts after one year
-€34,648
Current portion of long-term debt
+€656
Short-term financial debts
-€377
Contributions, distributions and other
-€29,500
Cash 2025
€18,348
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €511,600 | €517,359 | +€5,759 | +1.1% |
| Fixed assets | 21/28 | €422,037 | €406,388 | -€15,649 | -3.7% |
| Tangible fixed assets | 22/27 | €421,337 | €405,688 | -€15,649 | -3.7% |
| Land and buildings | 22 | €363,260 | €349,864 | -€13,396 | -3.7% |
| Furniture and vehicles | 24 | €6,563 | €1,070 | -€5,493 | -83.7% |
| Other tangible fixed assets | 26 | €51,514 | €54,754 | +€3,240 | +6.3% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €89,563 | €110,971 | +€21,408 | +23.9% |
| Amounts receivable within one year | 40/41 | €29,557 | €29,979 | +€422 | +1.4% |
| Trade receivables | 40 | €15,520 | €22,975 | +€7,455 | +48.0% |
| Other amounts receivable | 41 | €14,037 | €7,004 | -€7,033 | -50.1% |
| Current investments | 50/53 | €40,008 | €59,998 | +€19,990 | +50.0% |
| Cash at bank and in hand | 54/58 | €19,698 | €18,348 | -€1,350 | -6.9% |
| Deferred charges and accrued income | 490/1 | €300 | €2,646 | +€2,346 | +782.0% |
| Total equity and liabilities | 10/49 | €511,600 | €517,359 | +€5,759 | +1.1% |
| Equity | 10/15 | €261,750 | €296,067 | +€34,317 | +13.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €254,610 | €288,927 | +€34,317 | +13.5% |
| Distributable reserves | 133 | €254,610 | €288,927 | +€34,317 | +13.5% |
| Profit (loss) carried forward | 14 | €940 | €940 | = | 0.0% |
| Amounts payable | 17/49 | €249,850 | €221,292 | -€28,558 | -11.4% |
| Amounts payable after more than one year | 17 | €183,950 | €149,302 | -€34,648 | -18.8% |
| Financial debts | 170/4 | €183,950 | €149,302 | -€34,648 | -18.8% |
| Amounts payable within one year | 42/48 | €65,900 | €71,333 | +€5,433 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €34,609 | €35,265 | +€656 | +1.9% |
| Financial debts | 43 | €10,780 | €10,403 | -€377 | -3.5% |
| Credit institutions | 430/8 | €10,780 | €10,403 | -€377 | -3.5% |
| Trade debts | 44 | €1,883 | €1,716 | -€167 | -8.9% |
| Suppliers | 440/4 | €1,883 | €1,716 | -€167 | -8.9% |
| Taxes, remuneration and social security | 45 | €7,150 | €11,221 | +€4,071 | +56.9% |
| Taxes | 450/3 | €5,400 | €9,471 | +€4,071 | +75.4% |
| Remuneration and social security | 454/9 | €1,750 | €1,750 | = | 0.0% |
| Other amounts payable | 47/48 | €11,478 | €12,728 | +€1,250 | +10.9% |
| Accrued charges and deferred income | 492/3 | - | €657 | +€657 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,470 | €23,547 | -€3,923 | -14.3% |
| Other operating charges | 640/8 | €3,715 | €2,876 | -€839 | -22.6% |
| Non-recurring operating charges | 66A | - | €268 | +€268 | |
| Gross operating margin | 9900 | €109,185 | €114,032 | +€4,847 | +4.4% |
| Operating profit (loss) | 9901 | €78,000 | €87,341 | +€9,341 | +12.0% |
| Financial income | 75/76B | €146 | €415 | +€269 | +184.2% |
| Recurring financial income | 75 | €146 | €415 | +€269 | +184.2% |
| Financial charges | 65/66B | €5,379 | €5,037 | -€342 | -6.4% |
| Recurring financial charges | 65 | €5,379 | €5,037 | -€342 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €72,767 | €82,719 | +€9,952 | +13.7% |
| Income taxes | 67/77 | €21,755 | €18,902 | -€2,853 | -13.1% |
| Profit (loss) for the period | 9904 | €51,012 | €63,817 | +€12,805 | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €51,012 | €63,817 | +€12,805 | +25.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.