XLRM MANAGEMENT: 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.
XLRM MANAGEMENT
Largest movements
- Tangible fixed assets +€120,070
up €120,070 (+52.8%), from €227,345 to €347,415
of which Land and buildings: +€117,446
- Current investments +€93,712
up €93,712 (+109%), from €86,288 to €180,000
- Receivables within one year +€34,097
up €34,097 (+96.0%), from €35,500 to €69,597
of which Other amounts receivable: +€53,097
- Cash -€23,936
down €23,936 (-75.3%), from €31,779 to €7,843
mainly Investment in fixed assets (net) (-€150,849) and Current investments (-€93,712)
- Deferred charges and accrued income +€19,199
up €19,199 (+1,715%), from €1,119 to €20,318
- Profit (loss) carried forward +€138,004
up €138,004 (+90.8%), from €152,051 to €290,055
- Debts after one year +€77,167
up €77,167 (+45.9%), from €168,000 to €245,167
- Tax, wage and social debts +€15,864
up €15,864 (+34.5%), from €45,921 to €61,785
- Current portion of long-term debt +€12,083
up €12,083 (+101%), from €12,000 to €24,083
- Gross operating margin -€17,144
down €17,144 (-7.2%), from €237,296 to €220,152
- Depreciation -€6,983
down €6,983 (-18.5%), from €37,762 to €30,779
- Financial charges +€6,680
up €6,680 (+186%), from €3,601 to €10,281
- Taxes -€3,969
down €3,969 (-8.8%), from €45,295 to €41,326
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 | €382,031 | €625,173 | +€243,142 | +63.6% |
| Fixed assets | 21/28 | €227,345 | €347,415 | +€120,070 | +52.8% |
| Tangible fixed assets | 22/27 | €227,345 | €347,415 | +€120,070 | +52.8% |
| Land and buildings | 22 | €224,834 | €342,280 | +€117,446 | +52.2% |
| Plant, machinery and equipment | 23 | - | €2,904 | +€2,904 | |
| Furniture and vehicles | 24 | €2,512 | €2,231 | -€280 | -11.2% |
| Current assets | 29/58 | €154,686 | €277,758 | +€123,072 | +79.6% |
| Amounts receivable within one year | 40/41 | €35,500 | €69,597 | +€34,097 | +96.0% |
| Trade receivables | 40 | €35,000 | €16,000 | -€19,000 | -54.3% |
| Other amounts receivable | 41 | €500 | €53,597 | +€53,097 | +10,619% |
| Current investments | 50/53 | €86,288 | €180,000 | +€93,712 | +109% |
| Cash at bank and in hand | 54/58 | €31,779 | €7,843 | -€23,936 | -75.3% |
| Deferred charges and accrued income | 490/1 | €1,119 | €20,318 | +€19,199 | +1,715% |
| Total equity and liabilities | 10/49 | €382,031 | €625,173 | +€243,142 | +63.6% |
| Equity | 10/15 | €154,551 | €292,555 | +€138,004 | +89.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,051 | €290,055 | +€138,004 | +90.8% |
| Amounts payable | 17/49 | €227,481 | €332,618 | +€105,137 | +46.2% |
| Amounts payable after more than one year | 17 | €168,000 | €245,167 | +€77,167 | +45.9% |
| Financial debts | 170/4 | €168,000 | €245,167 | +€77,167 | +45.9% |
| Amounts payable within one year | 42/48 | €59,481 | €87,451 | +€27,971 | +47.0% |
| Current portion of amounts payable after more than one year | 42 | €12,000 | €24,083 | +€12,083 | +101% |
| Trade debts | 44 | €1,560 | €1,583 | +€23 | +1.5% |
| Suppliers | 440/4 | €1,560 | €1,583 | +€23 | +1.5% |
| Taxes, remuneration and social security | 45 | €45,921 | €61,785 | +€15,864 | +34.5% |
| Taxes | 450/3 | €45,921 | €61,785 | +€15,864 | +34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,762 | €30,779 | -€6,983 | -18.5% |
| Other operating charges | 640/8 | €427 | €1,482 | +€1,055 | +247% |
| Gross operating margin | 9900 | €237,296 | €220,152 | -€17,144 | -7.2% |
| Operating profit (loss) | 9901 | €199,107 | €187,891 | -€11,216 | -5.6% |
| Financial income | 75/76B | €1,839 | €1,721 | -€118 | -6.4% |
| Recurring financial income | 75 | €1,839 | €1,721 | -€118 | -6.4% |
| Financial charges | 65/66B | €3,601 | €10,281 | +€6,680 | +186% |
| Recurring financial charges | 65 | €3,601 | €10,281 | +€6,680 | +186% |
| Profit (loss) for the period before taxes | 9903 | €197,346 | €179,331 | -€18,015 | -9.1% |
| Income taxes | 67/77 | €45,295 | €41,326 | -€3,969 | -8.8% |
| Profit (loss) for the period | 9904 | €152,051 | €138,004 | -€14,046 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €152,051 | €138,004 | -€14,046 | -9.2% |
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 19 October 2026 via checked.be.