XLG&CO: what changed
What changed
XLG&CO
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€518,825
2024 · €8.0m-€8.5m
Equity
€84.6m
2024 · €85.1m-€518,825
Cash
€9.1m
2024 · €4.8m+€4.3m
Balance sheet total
€102.2m
2024 · €108.2m-€5.9m
Largest movements
Assets
- Deferred charges and accrued income -€7.9m
down €7.9m (-87.9%), from €8.9m to €1.1m
- Current investments -€5.0m
no longer reported in 2025 (was €5.0m)
- Cash +€4.3m
up €4.3m (+89.0%), from €4.8m to €9.1m
mainly Deferred charges and accrued income (+€7.9m) and Current investments (+€5.0m)
- Receivables within one year +€2.8m
up €2.8m (+33.1%), from €8.6m to €11.4m
of which Trade receivables: +€1.9m
Equity and liabilities
- Other debts -€6.4m
down €6.4m (-38.6%), from €16.5m to €10.2m
- Profit (loss) carried forward -€2.1m
down €2.1m, from €1.6m to -€518,825
- Reserves +€1.6m
up €1.6m (+14.0%), from €11.6m to €13.3m
of which Distributable reserves: +€1.6m
Income statement
- Financial income -€8.5m
down €8.5m (-95.8%), from €8.9m to €375,923
- Turnover +€569,594
up €569,594 (+7.9%), from €7.2m to €7.7m
- Services and other goods +€535,973
up €535,973 (+7.7%), from €7.0m to €7.5m
- Financial charges +€151,296
up €151,296 (+19.1%), from €792,439 to €943,736
of which Non-recurring financial charges: +€286,560
- Provisions +€150,000
no longer reported in 2025 (was -€150,000)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€8.0m
Turnover
+€569,594
Other operating income
+€5,607
Goods and materials
+€77,949
Services and other goods
-€535,973
Depreciation
-€47,013
Provisions
-€150,000
Other operating charges
-€3,159
Other operating items
+€244,626
Financial income
-€8.5m
Financial charges
-€151,296
Taxes
-€39,093
Result 2025
-€518,825
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1.5m
Investment
+€4.6m
Financing
+€1.2m
Cash 2024
€4.8m
From operations (derived)
-€1.5m
Net result for the year
-€518,825
Depreciation
+€149,448
Receivables after one year
+€445,971
Stocks and contracts
+€3,563
Receivables within one year
-€2.8m
Deferred charges and accrued income
+€7.9m
Trade debts
+€763,297
Tax, wage and social debts
-€546,072
Other debts
-€6.4m
Accrued charges and deferred income
-€410,451
Investment (derived)
+€4.6m
Investment in fixed assets (net)
-€429,744
Current investments
+€5.0m
Financing
+€1.2m
Debts after one year
+€939,970
Current portion of long-term debt
+€236,731
Cash 2025
€9.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,158,522 | €102,237,208 | -€5.9m | -5.5% |
| Fixed assets | 21/28 | €78,842,699 | €79,122,996 | +€280,296 | +0.4% |
| Intangible fixed assets | 21 | €422,761 | €468,975 | +€46,214 | +10.9% |
| Tangible fixed assets | 22/27 | €134,868 | €107,788 | -€27,080 | -20.1% |
| Plant, machinery and equipment | 23 | €58,315 | €57,873 | -€442 | -0.8% |
| Furniture and vehicles | 24 | - | €3,189 | +€3,189 | |
| Other tangible fixed assets | 26 | €1,803 | €1,056 | -€747 | -41.4% |
| Assets under construction and advance payments | 27 | €74,750 | €45,670 | -€29,080 | -38.9% |
| Financial fixed assets | 28 | €78,285,071 | €78,546,233 | +€261,162 | +0.3% |
| Affiliated companies | 280/1 | €78,285,071 | €78,546,233 | +€261,162 | +0.3% |
| Participating interests | 280 | €78,285,071 | €78,546,233 | +€261,162 | +0.3% |
| Current assets | 29/58 | €29,315,823 | €23,114,212 | -€6.2m | -21.2% |
| Amounts receivable after more than one year | 29 | €1,882,572 | €1,436,601 | -€445,971 | -23.7% |
| Other amounts receivable | 291 | €1,882,572 | €1,436,601 | -€445,971 | -23.7% |
| Stocks and contracts in progress | 3 | €89,800 | €86,238 | -€3,563 | -4.0% |
| Stocks | 30/36 | €89,800 | €86,238 | -€3,563 | -4.0% |
| Raw materials and consumables | 30/31 | €89,800 | €86,238 | -€3,563 | -4.0% |
| Amounts receivable within one year | 40/41 | €8,597,266 | €11,442,485 | +€2.8m | +33.1% |
| Trade receivables | 40 | €4,719,762 | €6,656,352 | +€1.9m | +41.0% |
| Other amounts receivable | 41 | €3,877,504 | €4,786,133 | +€908,629 | +23.4% |
| Current investments | 50/53 | €5,000,000 | - | -€5.0m | |
| Other investments | 51/53 | €5,000,000 | - | -€5.0m | |
| Cash at bank and in hand | 54/58 | €4,797,463 | €9,064,915 | +€4.3m | +89.0% |
| Deferred charges and accrued income | 490/1 | €8,948,722 | €1,083,973 | -€7.9m | -87.9% |
| Total equity and liabilities | 10/49 | €108,158,522 | €102,237,208 | -€5.9m | -5.5% |
| Equity | 10/15 | €85,080,144 | €84,561,319 | -€518,825 | -0.6% |
| Contributions | 10/11 | €71,820,000 | €71,820,000 | = | 0.0% |
| Capital | 10 | €71,820,000 | €71,820,000 | = | 0.0% |
| Issued capital | 100 | €71,820,000 | €71,820,000 | = | 0.0% |
| Reserves | 13 | €11,636,598 | €13,260,144 | +€1.6m | +14.0% |
| Non-distributable reserves | 130/1 | €1,969,078 | €1,969,078 | = | 0.0% |
| Legal reserve | 130 | €1,969,078 | €1,969,078 | = | 0.0% |
| Distributable reserves | 133 | €9,667,520 | €11,291,065 | +€1.6m | +16.8% |
| Profit (loss) carried forward | 14 | €1,623,546 | -€518,825 | -€2.1m | |
| Amounts payable | 17/49 | €23,078,378 | €17,675,889 | -€5.4m | -23.4% |
| Amounts payable after more than one year | 17 | €4,049,056 | €4,989,026 | +€939,970 | +23.2% |
| Financial debts | 170/4 | €4,049,056 | €4,989,026 | +€939,970 | +23.2% |
| Credit institutions | 173 | €4,049,056 | €4,989,026 | +€939,970 | +23.2% |
| Amounts payable within one year | 42/48 | €18,600,010 | €12,668,001 | -€5.9m | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €319,130 | €555,861 | +€236,731 | +74.2% |
| Trade debts | 44 | €1,198,688 | €1,961,985 | +€763,297 | +63.7% |
| Suppliers | 440/4 | €1,198,688 | €1,961,985 | +€763,297 | +63.7% |
| Taxes, remuneration and social security | 45 | €546,072 | - | -€546,072 | |
| Taxes | 450/3 | €546,072 | - | -€546,072 | |
| Other amounts payable | 47/48 | €16,536,120 | €10,150,155 | -€6.4m | -38.6% |
| Accrued charges and deferred income | 492/3 | €429,313 | €18,862 | -€410,451 | -95.6% |
| Operating income | 70/76A | €7,196,971 | €7,772,172 | +€575,202 | +8.0% |
| Turnover | 70 | €7,180,253 | €7,749,847 | +€569,594 | +7.9% |
| Other operating income | 74 | €16,718 | €22,325 | +€5,607 | +33.5% |
| Operating charges | 60/66A | €7,309,613 | €7,723,184 | +€413,571 | +5.7% |
| Goods for resale, raw materials and consumables | 60 | €154,543 | €76,594 | -€77,949 | -50.4% |
| Purchases | 600/8 | €101,924 | €73,031 | -€28,893 | -28.3% |
| Change in stocks: decrease (increase) | 609 | €52,619 | €3,563 | -€49,056 | -93.2% |
| Services and other goods | 61 | €6,958,010 | €7,493,983 | +€535,973 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,435 | €149,448 | +€47,013 | +45.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€150,000 | - | +€150,000 | |
| Other operating charges | 640/8 | - | €3,159 | +€3,159 | |
| Non-recurring operating charges | 66A | €244,626 | - | -€244,626 | |
| Operating profit (loss) | 9901 | -€112,643 | €48,988 | +€161,631 | |
| Financial income | 75/76B | €8,890,774 | €375,923 | -€8.5m | -95.8% |
| Recurring financial income | 75 | €8,890,774 | €375,923 | -€8.5m | -95.8% |
| Income from financial fixed assets | 750 | €8,422,250 | - | -€8.4m | |
| Income from current assets | 751 | €468,493 | €375,923 | -€92,570 | -19.8% |
| Other financial income | 752/9 | €31 | €1 | -€30 | -98.2% |
| Financial charges | 65/66B | €792,439 | €943,736 | +€151,296 | +19.1% |
| Recurring financial charges | 65 | €484,166 | €348,903 | -€135,263 | -27.9% |
| Debt charges | 650 | €372,804 | €299,466 | -€73,339 | -19.7% |
| Other financial charges | 652/9 | €111,362 | €49,437 | -€61,925 | -55.6% |
| Non-recurring financial charges | 66B | €308,274 | €594,833 | +€286,560 | +93.0% |
| Profit (loss) for the period before taxes | 9903 | €7,985,691 | -€518,825 | -€8.5m | |
| Income taxes | 67/77 | -€39,093 | - | +€39,093 | |
| Taxes | 670/3 | €123,827 | - | -€123,827 | |
| Tax adjustments and reversals of tax provisions | 77 | €162,920 | - | -€162,920 | |
| Profit (loss) for the period | 9904 | €8,024,785 | -€518,825 | -€8.5m | |
| Profit (loss) for the period to be appropriated | 9905 | €8,024,785 | -€518,825 | -€8.5m |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.