XL80: 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.
XL80
Largest movements
- Tangible fixed assets +€98,999
up €98,999 (+3.5%), from €2.8m to €2.9m
- Debts after one year +€116,778
up €116,778 (+3.8%), from €3.1m to €3.2m
- Profit (loss) carried forward -€82,123
down €82,123 (-22.2%), from -€370,694 to -€452,816
- Current portion of long-term debt +€30,737
up €30,737 (+38.5%), from €79,894 to €110,631
- Gross operating margin +€75,559
up €75,559 (+129.3%), from €58,447 to €134,005
- Financial charges -€27,067
down €27,067 (-19.2%), from €140,766 to €113,700
- Depreciation +€9,985
up €9,985 (+12.9%), from €77,398 to €87,383
- Other operating charges +€1,860
up €1,860 (+21.3%), from €8,741 to €10,601
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.
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 | €2,893,968 | €2,980,518 | +€86,549 | +3.0% |
| Fixed assets | 21/28 | €2,830,260 | €2,929,259 | +€98,999 | +3.5% |
| Tangible fixed assets | 22/27 | €2,830,260 | €2,929,259 | +€98,999 | +3.5% |
| Land and buildings | 22 | €2,830,260 | €2,929,259 | +€98,999 | +3.5% |
| Current assets | 29/58 | €63,709 | €51,259 | -€12,450 | -19.5% |
| Amounts receivable within one year | 40/41 | €2,939 | €4,656 | +€1,717 | +58.4% |
| Trade receivables | 40 | €2,939 | €4,656 | +€1,717 | +58.4% |
| Cash at bank and in hand | 54/58 | €5,201 | €1,119 | -€4,082 | -78.5% |
| Deferred charges and accrued income | 490/1 | €55,569 | €45,484 | -€10,085 | -18.1% |
| Total equity and liabilities | 10/49 | €2,893,968 | €2,980,518 | +€86,549 | +3.0% |
| Equity | 10/15 | -€308,694 | -€390,816 | -€82,123 | -26.6% |
| 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% |
| Profit (loss) carried forward | 14 | -€370,694 | -€452,816 | -€82,123 | -22.2% |
| Amounts payable | 17/49 | €3,202,662 | €3,371,334 | +€168,672 | +5.3% |
| Amounts payable after more than one year | 17 | €3,108,101 | €3,224,879 | +€116,778 | +3.8% |
| Financial debts | 170/4 | €3,108,101 | €3,224,879 | +€116,778 | +3.8% |
| Amounts payable within one year | 42/48 | €82,907 | €129,838 | +€46,931 | +56.6% |
| Current portion of amounts payable after more than one year | 42 | €79,894 | €110,631 | +€30,737 | +38.5% |
| Trade debts | 44 | €3,013 | €19,207 | +€16,194 | +537.4% |
| Suppliers | 440/4 | €3,013 | €19,207 | +€16,194 | +537.4% |
| Accrued charges and deferred income | 492/3 | €11,654 | €16,617 | +€4,963 | +42.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,398 | €87,383 | +€9,985 | +12.9% |
| Other operating charges | 640/8 | €8,741 | €10,601 | +€1,860 | +21.3% |
| Non-recurring operating charges | 66A | €3,166 | €4,444 | +€1,279 | +40.4% |
| Gross operating margin | 9900 | €58,447 | €134,005 | +€75,559 | +129.3% |
| Operating profit (loss) | 9901 | -€30,858 | €31,577 | +€62,435 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €140,766 | €113,700 | -€27,067 | -19.2% |
| Recurring financial charges | 65 | €140,766 | €113,700 | -€27,067 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | -€171,624 | -€82,123 | +€89,502 | +52.1% |
| Profit (loss) for the period | 9904 | -€171,624 | -€82,123 | +€89,502 | +52.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€171,624 | -€82,123 | +€89,502 | +52.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.