XLER: 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.
XLER
Largest movements
- Cash -€25,157
down €25,157 (-59.3%), from €42,391 to €17,233
mainly Net result for the year (-€13,369) and Receivables within one year (-€11,391)
- Receivables within one year +€11,391
up €11,391 (+182%), from €6,258 to €17,648
of which Other amounts receivable: +€9,834
- Reserves -€13,369
down €13,369 (-38.3%), from €34,887 to €21,518
- Tax, wage and social debts -€742
down €742 (-7.8%), from €9,464 to €8,722
- Gross operating margin -€52,637
down €52,637, from €44,949 to -€7,688
- Taxes -€8,722
down €8,722 (-100%), from €8,722 to €0
- Financial charges +€4,546
up €4,546 (+499%), from €912 to €5,458
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 | €49,576 | €35,346 | -€14,231 | -28.7% |
| Fixed assets | 21/28 | €928 | €464 | -€464 | -50.0% |
| Tangible fixed assets | 22/27 | €928 | €464 | -€464 | -50.0% |
| Furniture and vehicles | 24 | €928 | €464 | -€464 | -50.0% |
| Current assets | 29/58 | €48,648 | €34,881 | -€13,767 | -28.3% |
| Amounts receivable within one year | 40/41 | €6,258 | €17,648 | +€11,391 | +182% |
| Trade receivables | 40 | - | €1,556 | +€1,556 | |
| Other amounts receivable | 41 | €6,258 | €16,092 | +€9,834 | +157% |
| Cash at bank and in hand | 54/58 | €42,391 | €17,233 | -€25,157 | -59.3% |
| Total equity and liabilities | 10/49 | €49,576 | €35,346 | -€14,231 | -28.7% |
| Equity | 10/15 | €39,887 | €26,518 | -€13,369 | -33.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €34,887 | €21,518 | -€13,369 | -38.3% |
| Distributable reserves | 133 | €34,887 | €21,518 | -€13,369 | -38.3% |
| Amounts payable | 17/49 | €9,689 | €8,827 | -€862 | -8.9% |
| Amounts payable within one year | 42/48 | €9,689 | €8,827 | -€862 | -8.9% |
| Trade debts | 44 | €226 | €106 | -€120 | -53.2% |
| Suppliers | 440/4 | €226 | €106 | -€120 | -53.2% |
| Taxes, remuneration and social security | 45 | €9,464 | €8,722 | -€742 | -7.8% |
| Taxes | 450/3 | €9,464 | €8,722 | -€742 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €463 | €464 | +€0 | +0.1% |
| Other operating charges | 640/8 | €117 | €112 | -€5 | -4.3% |
| Gross operating margin | 9900 | €44,949 | -€7,688 | -€52,637 | |
| Operating profit (loss) | 9901 | €44,369 | -€8,263 | -€52,632 | |
| Financial income | 75/76B | €152 | €353 | +€201 | +133% |
| Recurring financial income | 75 | €152 | €353 | +€201 | +133% |
| Financial charges | 65/66B | €912 | €5,458 | +€4,546 | +499% |
| Recurring financial charges | 65 | €912 | €5,458 | +€4,546 | +499% |
| Profit (loss) for the period before taxes | 9903 | €43,609 | -€13,369 | -€56,977 | |
| Income taxes | 67/77 | €8,722 | €0 | -€8,722 | -100% |
| Profit (loss) for the period | 9904 | €34,887 | -€13,369 | -€48,255 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,887 | -€13,369 | -€48,255 |
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 15 October 2026 via checked.be.