Xlerate: 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.
Xlerate
Largest movements
- Receivables after one year +€237,519
new in 2025: €237,519
- Current investments -€165,171
down €165,171 (-77.2%), from €213,899 to €48,728
- Deferred charges and accrued income -€7,848
down €7,848 (-58.0%), from €13,522 to €5,674
- Other debts +€117,808
up €117,808 (+471%), from €25,030 to €142,838
- Reserves -€60,659
down €60,659 (-26.0%), from €233,675 to €173,016
- Tax, wage and social debts +€3,893
up €3,893 (+83.6%), from €4,658 to €8,551
- Financial income +€74,238
up €74,238 (+1,559%), from €4,763 to €79,001
- Taxes +€18,143
up €18,143 (+114%), from €15,854 to €33,997
- Gross operating margin -€13,899
down €13,899 (-23.3%), from €59,692 to €45,793
- Financial charges -€850
down €850 (-14.5%), from €5,846 to €4,997
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 | €276,471 | €337,308 | +€60,838 | +22.0% |
| Fixed assets | 21/28 | €8,272 | €5,409 | -€2,863 | -34.6% |
| Tangible fixed assets | 22/27 | €8,272 | €5,409 | -€2,863 | -34.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €4,730 | €3,421 | -€1,308 | -27.7% |
| Other tangible fixed assets | 26 | €3,543 | €1,988 | -€1,555 | -43.9% |
| Current assets | 29/58 | €268,198 | €331,899 | +€63,701 | +23.8% |
| Amounts receivable after more than one year | 29 | - | €237,519 | +€237,519 | |
| Other amounts receivable | 291 | - | €237,519 | +€237,519 | |
| Amounts receivable within one year | 40/41 | €35,884 | €36,808 | +€924 | +2.6% |
| Trade receivables | 40 | €34,763 | €36,808 | +€2,045 | +5.9% |
| Other amounts receivable | 41 | €1,121 | €0 | -€1,121 | -100% |
| Current investments | 50/53 | €213,899 | €48,728 | -€165,171 | -77.2% |
| Cash at bank and in hand | 54/58 | €4,893 | €3,169 | -€1,724 | -35.2% |
| Deferred charges and accrued income | 490/1 | €13,522 | €5,674 | -€7,848 | -58.0% |
| Total equity and liabilities | 10/49 | €276,471 | €337,308 | +€60,838 | +22.0% |
| Equity | 10/15 | €246,075 | €185,416 | -€60,659 | -24.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €233,675 | €173,016 | -€60,659 | -26.0% |
| Distributable reserves | 133 | €233,675 | €173,016 | -€60,659 | -26.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €30,395 | €151,892 | +€121,497 | +400% |
| Amounts payable within one year | 42/48 | €30,395 | €151,892 | +€121,497 | +400% |
| Financial debts | 43 | €0 | €27 | +€27 | |
| Credit institutions | 430/8 | €0 | €27 | +€27 | |
| Trade debts | 44 | €708 | €477 | -€231 | -32.7% |
| Suppliers | 440/4 | €708 | €477 | -€231 | -32.7% |
| Taxes, remuneration and social security | 45 | €4,658 | €8,551 | +€3,893 | +83.6% |
| Taxes | 450/3 | €4,658 | €8,551 | +€3,893 | +83.6% |
| Other amounts payable | 47/48 | €25,030 | €142,838 | +€117,808 | +471% |
| Non-recurring operating income | 76A | €23,986 | €0 | -€23,986 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,149 | €2,863 | -€286 | -9.1% |
| Other operating charges | 640/8 | €1,054 | €1,031 | -€23 | -2.2% |
| Gross operating margin | 9900 | €59,692 | €45,793 | -€13,899 | -23.3% |
| Operating profit (loss) | 9901 | €55,488 | €41,899 | -€13,589 | -24.5% |
| Financial income | 75/76B | €4,763 | €79,001 | +€74,238 | +1,559% |
| Recurring financial income | 75 | €4,763 | €79,001 | +€74,238 | +1,559% |
| Financial charges | 65/66B | €5,846 | €4,997 | -€850 | -14.5% |
| Recurring financial charges | 65 | €5,846 | €4,997 | -€850 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €54,405 | €115,904 | +€61,499 | +113% |
| Income taxes | 67/77 | €15,854 | €33,997 | +€18,143 | +114% |
| Profit (loss) for the period | 9904 | €38,551 | €81,907 | +€43,356 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €38,551 | €81,907 | +€43,356 | +112% |
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 21 October 2026 via checked.be.