XL VISION: 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 VISION
Largest movements
- Cash -€65,271
down €65,271 (-64.7%), from €100,834 to €35,563
mainly Receivables within one year (-€55,456) and Contributions, distributions and other (-€50,000)
- Receivables within one year +€55,456
up €55,456 (+942%), from €5,885 to €61,341
of which Other amounts receivable: +€37,306
- Tangible fixed assets -€2,013
down €2,013 (-60.7%), from €3,319 to €1,305
of which Furniture and vehicles: -€1,605
- Reserves -€50,000
down €50,000 (-100%), from €50,000 to €0
- Profit (loss) carried forward +€20,960
up €20,960 (+1,970%), from €1,064 to €22,024
- Other debts +€20,605
up €20,605 (+43.3%), from €47,632 to €68,237
- Tax, wage and social debts -€3,284
down €3,284 (-30.8%), from €10,673 to €7,389
of which Taxes: -€3,284
- Turnover -€43,726
down €43,726 (-27.1%), from €161,226 to €117,500
- Purchases and services -€24,856
down €24,856 (-23.1%), from €107,424 to €82,568
- Gross operating margin -€19,162
down €19,162 (-33.3%), from €57,524 to €38,362
- Taxes -€8,613
down €8,613 (-56.2%), from €15,328 to €6,714
- Other operating charges +€8,598
up €8,598 (+308,166%), from €3 to €8,601
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 | €114,519 | €102,957 | -€11,562 | -10.1% |
| Fixed assets | 21/28 | €3,319 | €1,305 | -€2,013 | -60.7% |
| Tangible fixed assets | 22/27 | €3,319 | €1,305 | -€2,013 | -60.7% |
| Plant, machinery and equipment | 23 | €408 | €0 | -€408 | -100% |
| Furniture and vehicles | 24 | €2,911 | €1,305 | -€1,605 | -55.2% |
| Current assets | 29/58 | €111,200 | €101,651 | -€9,549 | -8.6% |
| Amounts receivable within one year | 40/41 | €5,885 | €61,341 | +€55,456 | +942% |
| Trade receivables | 40 | €0 | €18,150 | +€18,150 | |
| Other amounts receivable | 41 | €5,885 | €43,191 | +€37,306 | +634% |
| Cash at bank and in hand | 54/58 | €100,834 | €35,563 | -€65,271 | -64.7% |
| Deferred charges and accrued income | 490/1 | €4,482 | €4,748 | +€266 | +5.9% |
| Total equity and liabilities | 10/49 | €114,519 | €102,957 | -€11,562 | -10.1% |
| Equity | 10/15 | €56,064 | €27,024 | -€29,040 | -51.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €0 | -€50,000 | -100% |
| Distributable reserves | 133 | €50,000 | €0 | -€50,000 | -100% |
| Profit (loss) carried forward | 14 | €1,064 | €22,024 | +€20,960 | +1,970% |
| Amounts payable | 17/49 | €58,455 | €75,932 | +€17,477 | +29.9% |
| Amounts payable within one year | 42/48 | €58,455 | €75,932 | +€17,477 | +29.9% |
| Trade debts | 44 | €150 | €306 | +€156 | +104% |
| Suppliers | 440/4 | €150 | €306 | +€156 | +104% |
| Taxes, remuneration and social security | 45 | €10,673 | €7,389 | -€3,284 | -30.8% |
| Taxes | 450/3 | €10,673 | €7,389 | -€3,284 | -30.8% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €47,632 | €68,237 | +€20,605 | +43.3% |
| Turnover | 70 | €161,226 | €117,500 | -€43,726 | -27.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €107,424 | €82,568 | -€24,856 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,168 | €2,013 | -€1,155 | -36.5% |
| Other operating charges | 640/8 | €3 | €8,601 | +€8,598 | +308,166% |
| Gross operating margin | 9900 | €57,524 | €38,362 | -€19,162 | -33.3% |
| Operating profit (loss) | 9901 | €54,353 | €27,748 | -€26,605 | -48.9% |
| Financial charges | 65/66B | €65 | €74 | +€9 | +13.3% |
| Recurring financial charges | 65 | €65 | €74 | +€9 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €54,288 | €27,675 | -€26,614 | -49.0% |
| Income taxes | 67/77 | €15,328 | €6,714 | -€8,613 | -56.2% |
| Profit (loss) for the period | 9904 | €38,961 | €20,960 | -€18,000 | -46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,961 | €20,960 | -€18,000 | -46.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.