XLG IMMO: 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.
What changed
XLG IMMO
NACE 81.230, Other cleaning activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€367,253
2024 · €1.5m-€1.2m
Equity
€5.3m
2024 · €7.0m-€1.8m
Cash
€1.0m
2024 · €188,343+€856,265
Balance sheet total
€22.1m
2024 · €16.8m+€5.3m
Largest movements
Assets
- Tangible fixed assets +€4.5m
up €4.5m (+27.6%), from €16.4m to €20.9m
of which Land and buildings: +€4.7m
- Cash +€856,265
up €856,265 (+455%), from €188,343 to €1.0m
mainly Short-term financial debts (+€7.1m) and Depreciation (+€1.1m)
Equity and liabilities
- Short-term financial debts +€7.1m
new in 2025: €7.1m
- Reserves -€2.2m
down €2.2m (-33.0%), from €6.7m to €4.5m
of which Distributable reserves: -€1.8m
- Profit (loss) carried forward +€604,472
up €604,472, from -€45,599 to €558,874
- Trade debts +€604,201
up €604,201 (+417%), from €144,810 to €749,012
- Debts after one year -€604,124
down €604,124 (-8.2%), from €7.3m to €6.7m
of which Financial debts: -€595,263
Income statement
- Gross operating margin -€1.2m
down €1.2m (-38.2%), from €3.2m to €2.0m
- Depreciation +€688,480
up €688,480 (+170%), from €404,530 to €1.1m
- Financial charges -€141,682
down €141,682 (-34.1%), from €415,290 to €273,608
of which Non-recurring financial charges: -€123,475
- Other operating charges +€65,581
up €65,581 (+37.4%), from €175,296 to €240,877
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.
Result 2024
€1.5m
Gross operating margin
-€1.2m
Staff costs
+€1,253
Depreciation
-€688,480
Write-downs
+€1,230
Other operating charges
-€65,581
Other operating items
+€4,336
Financial income
-€2,947
Financial charges
+€141,682
Taxes
-€26,063
Deferred taxes and other
+€695,246
Result 2025
€367,253
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.2m
Investment
-€5.6m
Financing
+€4.3m
Cash 2024
€188,343
From operations (derived)
+€2.2m
Net result for the year
+€367,253
Depreciation
+€1.1m
Receivables within one year
+€97,185
Smaller working-capital items
-€6,193
Provisions
-€119,728
Trade debts
+€604,201
Other debts
+€137,564
Accrued charges and deferred income
-€21,117
Investment (derived)
-€5.6m
Investment in fixed assets (net)
-€5.6m
Financing
+€4.3m
Debts after one year
-€604,124
Current portion of long-term debt
-€44,771
Short-term financial debts
+€7.1m
Contributions, distributions and other
-€2.2m
Cash 2025
€1.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,810,613 | €22,081,354 | +€5.3m | +31.4% |
| Fixed assets | 21/28 | €16,362,159 | €20,877,009 | +€4.5m | +27.6% |
| Tangible fixed assets | 22/27 | €16,362,158 | €20,873,983 | +€4.5m | +27.6% |
| Land and buildings | 22 | €12,279,685 | €16,939,479 | +€4.7m | +37.9% |
| Plant, machinery and equipment | 23 | €31,486 | €16,589 | -€14,897 | -47.3% |
| Furniture and vehicles | 24 | €9,174 | €6,116 | -€3,058 | -33.3% |
| Other tangible fixed assets | 26 | €1,430,761 | €3,513,207 | +€2.1m | +146% |
| Assets under construction and advance payments | 27 | €2,611,052 | €398,592 | -€2.2m | -84.7% |
| Financial fixed assets | 28 | €1 | €3,026 | +€3,025 | +302,500% |
| Current assets | 29/58 | €448,454 | €1,204,345 | +€755,891 | +169% |
| Amounts receivable within one year | 40/41 | €251,351 | €154,166 | -€97,185 | -38.7% |
| Trade receivables | 40 | €221,641 | €44,153 | -€177,489 | -80.1% |
| Other amounts receivable | 41 | €29,710 | €110,013 | +€80,304 | +270% |
| Cash at bank and in hand | 54/58 | €188,343 | €1,044,608 | +€856,265 | +455% |
| Deferred charges and accrued income | 490/1 | €8,759 | €5,571 | -€3,188 | -36.4% |
| Total equity and liabilities | 10/49 | €16,810,613 | €22,081,354 | +€5.3m | +31.4% |
| Equity | 10/15 | €7,038,277 | €5,255,444 | -€1.8m | -25.3% |
| Contributions | 10/11 | €295,686 | €164,403 | -€131,283 | -44.4% |
| Reserves | 13 | €6,720,826 | €4,503,140 | -€2.2m | -33.0% |
| Non-distributable reserves | 130/1 | €29,547 | €15,794 | -€13,753 | -46.5% |
| Reserves not available under the articles | 1311 | €29,547 | €15,794 | -€13,753 | -46.5% |
| Tax-exempt reserves | 132 | €2,584,105 | €2,224,920 | -€359,185 | -13.9% |
| Distributable reserves | 133 | €4,107,174 | €2,262,426 | -€1.8m | -44.9% |
| Profit (loss) carried forward | 14 | -€45,599 | €558,874 | +€604,472 | |
| Investment grants | 15 | €67,364 | €29,027 | -€38,337 | -56.9% |
| Provisions and deferred taxes | 16 | €861,368 | €741,640 | -€119,728 | -13.9% |
| Deferred taxes | 168 | €861,368 | €741,640 | -€119,728 | -13.9% |
| Amounts payable | 17/49 | €8,910,967 | €16,084,270 | +€7.2m | +80.5% |
| Amounts payable after more than one year | 17 | €7,338,148 | €6,734,024 | -€604,124 | -8.2% |
| Financial debts | 170/4 | €7,329,286 | €6,734,024 | -€595,263 | -8.1% |
| Other amounts payable | 178/9 | €8,861 | €0 | -€8,861 | -100% |
| Amounts payable within one year | 42/48 | €1,535,751 | €9,334,295 | +€7.8m | +508% |
| Current portion of amounts payable after more than one year | 42 | €685,000 | €640,228 | -€44,771 | -6.5% |
| Financial debts | 43 | - | €7,110,931 | +€7.1m | |
| Credit institutions | 430/8 | - | €7,110,931 | +€7.1m | |
| Trade debts | 44 | €144,810 | €749,012 | +€604,201 | +417% |
| Suppliers | 440/4 | €144,810 | €749,012 | +€604,201 | +417% |
| Taxes, remuneration and social security | 45 | €12,181 | €2,800 | -€9,381 | -77.0% |
| Taxes | 450/3 | €12,181 | €2,800 | -€9,381 | -77.0% |
| Other amounts payable | 47/48 | €693,760 | €831,324 | +€137,564 | +19.8% |
| Accrued charges and deferred income | 492/3 | €37,068 | €15,951 | -€21,117 | -57.0% |
| Non-recurring operating income | 76A | - | €113,501 | +€113,501 | |
| Remuneration, social security and pensions | 62 | €1,672 | €419 | -€1,253 | -74.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €404,530 | €1,093,009 | +€688,480 | +170% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€990 | -€2,220 | -€1,230 | -124% |
| Other operating charges | 640/8 | €175,296 | €240,877 | +€65,581 | +37.4% |
| Non-recurring operating charges | 66A | €4,336 | €0 | -€4,336 | -100% |
| Gross operating margin | 9900 | €3,247,777 | €2,008,674 | -€1.2m | -38.2% |
| Operating profit (loss) | 9901 | €2,662,933 | €676,589 | -€2.0m | -74.6% |
| Financial income | 75/76B | €10,159 | €7,212 | -€2,947 | -29.0% |
| Recurring financial income | 75 | €10,159 | €7,212 | -€2,947 | -29.0% |
| Financial charges | 65/66B | €415,290 | €273,608 | -€141,682 | -34.1% |
| Recurring financial charges | 65 | €291,815 | €273,608 | -€18,207 | -6.2% |
| Non-recurring financial charges | 66B | €123,475 | €0 | -€123,475 | -100% |
| Profit (loss) for the period before taxes | 9903 | €2,257,802 | €410,193 | -€1.8m | -81.8% |
| Transfer from deferred taxes | 780 | €13,922 | €13,572 | -€350 | -2.5% |
| Transfer to deferred taxes | 680 | €711,121 | €15,525 | -€695,596 | -97.8% |
| Income taxes | 67/77 | €14,924 | €40,987 | +€26,063 | +175% |
| Profit (loss) for the period | 9904 | €1,545,679 | €367,253 | -€1.2m | -76.2% |
| Transfer from tax-exempt reserves | 789 | €41,765 | €40,715 | -€1,049 | -2.5% |
| Transfer to tax-exempt reserves | 689 | €2,133,362 | €46,575 | -€2.1m | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€545,919 | €361,393 | +€907,311 |
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 29 October 2026 via checked.be.