XLS GRAPHIC DESIGN: what changed
What changed
XLS GRAPHIC DESIGN
NACE 73.110, Advertising agencies
filed annual accounts (NBB)
Net result for the year
-€12,012
2024 · -€4,412-€7,600
Equity
€128,399
2024 · €140,411-€12,012
Cash
€115,686
2024 · €89,643+€26,043
Balance sheet total
€183,807
2024 · €163,363+€20,444
Largest movements
Assets
- Cash +€26,043
up €26,043 (+29.1%), from €89,643 to €115,686
mainly Accrued charges and deferred income (+€16,560) and Tax, wage and social debts (+€9,568)
- Tangible fixed assets -€6,330
down €6,330 (-31.5%), from €20,088 to €13,758
of which Furniture and vehicles: -€5,950
Equity and liabilities
- Accrued charges and deferred income +€16,560
new in 2025: €16,560
- Profit (loss) carried forward -€12,012
down €12,012 (-9.5%), from €125,954 to €113,942
- Tax, wage and social debts +€9,568
up €9,568 (+290%), from €3,298 to €12,866
- Trade debts +€9,146
up €9,146 (+221%), from €4,144 to €13,290
- Debts after one year -€3,036
down €3,036 (-24.1%), from €12,588 to €9,552
Income statement
- Depreciation +€3,447
up €3,447 (+477%), from €723 to €4,170
- Taxes +€1,044
up €1,044 (+932%), from €112 to €1,156
- Other operating charges +€479
up €479 (+24.0%), from €2,000 to €2,479
- Gross operating margin -€223
down €223 (-17.9%), from -€1,249 to -€1,472
- Financial charges +€218
up €218 (+41.1%), from €531 to €749
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
-€4,412
Gross operating margin
-€223
Depreciation
-€3,447
Other operating charges
-€479
Other operating items
-€2,160
Financial income
-€29
Financial charges
-€218
Taxes
-€1,044
Result 2025
-€12,012
lowers 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
+€26,805
Investment
+€2,160
Financing
-€2,922
Cash 2024
€89,643
From operations (derived)
+€26,805
Net result for the year
-€12,012
Depreciation
+€4,170
Receivables within one year
+€109
Deferred charges and accrued income
-€840
Trade debts
+€9,146
Tax, wage and social debts
+€9,568
Other debts
+€104
Accrued charges and deferred income
+€16,560
Investment (derived)
+€2,160
Investment in fixed assets (net)
+€2,160
Financing
-€2,922
Debts after one year
-€3,036
Current portion of long-term debt
+€114
Cash 2025
€115,686
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €163,363 | €183,807 | +€20,444 | +12.5% |
| Fixed assets | 21/28 | €20,176 | €13,846 | -€6,330 | -31.4% |
| Tangible fixed assets | 22/27 | €20,088 | €13,758 | -€6,330 | -31.5% |
| Land and buildings | 22 | €1,140 | €760 | -€380 | -33.3% |
| Furniture and vehicles | 24 | €18,948 | €12,998 | -€5,950 | -31.4% |
| Financial fixed assets | 28 | €88 | €88 | = | 0.0% |
| Current assets | 29/58 | €143,187 | €169,961 | +€26,774 | +18.7% |
| Amounts receivable within one year | 40/41 | €35,544 | €35,435 | -€109 | -0.3% |
| Trade receivables | 40 | €28,117 | €35,352 | +€7,235 | +25.7% |
| Other amounts receivable | 41 | €7,427 | €83 | -€7,344 | -98.9% |
| Cash at bank and in hand | 54/58 | €89,643 | €115,686 | +€26,043 | +29.1% |
| Deferred charges and accrued income | 490/1 | €18,000 | €18,840 | +€840 | +4.7% |
| Total equity and liabilities | 10/49 | €163,363 | €183,807 | +€20,444 | +12.5% |
| Equity | 10/15 | €140,411 | €128,399 | -€12,012 | -8.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €8,260 | €8,260 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,400 | €6,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,954 | €113,942 | -€12,012 | -9.5% |
| Amounts payable | 17/49 | €22,952 | €55,408 | +€32,456 | +141% |
| Amounts payable after more than one year | 17 | €12,588 | €9,552 | -€3,036 | -24.1% |
| Financial debts | 170/4 | €12,588 | €9,552 | -€3,036 | -24.1% |
| Amounts payable within one year | 42/48 | €10,364 | €29,296 | +€18,932 | +183% |
| Current portion of amounts payable after more than one year | 42 | €2,922 | €3,036 | +€114 | +3.9% |
| Trade debts | 44 | €4,144 | €13,290 | +€9,146 | +221% |
| Suppliers | 440/4 | €4,144 | €13,290 | +€9,146 | +221% |
| Taxes, remuneration and social security | 45 | €3,298 | €12,866 | +€9,568 | +290% |
| Taxes | 450/3 | €3,298 | €12,866 | +€9,568 | +290% |
| Other amounts payable | 47/48 | - | €104 | +€104 | |
| Accrued charges and deferred income | 492/3 | - | €16,560 | +€16,560 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €723 | €4,170 | +€3,447 | +477% |
| Other operating charges | 640/8 | €2,000 | €2,479 | +€479 | +24.0% |
| Non-recurring operating charges | 66A | - | €2,160 | +€2,160 | |
| Gross operating margin | 9900 | -€1,249 | -€1,472 | -€223 | -17.9% |
| Operating profit (loss) | 9901 | -€3,972 | -€10,281 | -€6,309 | -159% |
| Financial income | 75/76B | €203 | €174 | -€29 | -14.3% |
| Recurring financial income | 75 | €203 | €174 | -€29 | -14.3% |
| Financial charges | 65/66B | €531 | €749 | +€218 | +41.1% |
| Recurring financial charges | 65 | €531 | €749 | +€218 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,300 | -€10,856 | -€6,556 | -152% |
| Income taxes | 67/77 | €112 | €1,156 | +€1,044 | +932% |
| Profit (loss) for the period | 9904 | -€4,412 | -€12,012 | -€7,600 | -172% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,412 | -€12,012 | -€7,600 | -172% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.