XLTAG: what changed
Two fiscal 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.
XLTAG
Largest movements
- Receivables within one year +€67,651
up €67,651 (+65.5%), from €103,317 to €170,968
of which Other amounts receivable: +€55,576
- Cash -€22,845
down €22,845 (-28.8%), from €79,405 to €56,560
mainly Contributions, distributions and other (-€197,501) and Receivables within one year (-€67,651)
- Tangible fixed assets -€4,589
down €4,589 (-56.3%), from €8,154 to €3,566
- Other debts +€142,376
new in 2025: €142,376
- Profit (loss) carried forward -€119,474
down €119,474 (-73.7%), from €162,014 to €42,540
- Tax, wage and social debts +€18,847
up €18,847 (+71.9%), from €26,211 to €45,058
- Financial charges +€24,809
up €24,809 (+16107.7%), from €154 to €24,963
- Taxes -€6,637
down €6,637 (-35.2%), from €18,837 to €12,200
- Gross operating margin -€4,006
down €4,006 (-3.3%), from €120,407 to €116,402
- Financial income +€1,247
up €1,247 (+43.0%), from €2,900 to €4,147
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.
Cash bridge derived
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 | €192,876 | €234,094 | +€41,218 | +21.4% |
| Fixed assets | 21/28 | €10,154 | €6,566 | -€3,589 | -35.3% |
| Tangible fixed assets | 22/27 | €8,154 | €3,566 | -€4,589 | -56.3% |
| Furniture and vehicles | 24 | €8,154 | €3,566 | -€4,589 | -56.3% |
| Financial fixed assets | 28 | €2,000 | €3,000 | +€1,000 | +50.0% |
| Current assets | 29/58 | €182,721 | €227,528 | +€44,807 | +24.5% |
| Amounts receivable within one year | 40/41 | €103,317 | €170,968 | +€67,651 | +65.5% |
| Trade receivables | 40 | €16,517 | €28,592 | +€12,076 | +73.1% |
| Other amounts receivable | 41 | €86,800 | €142,376 | +€55,576 | +64.0% |
| Cash at bank and in hand | 54/58 | €79,405 | €56,560 | -€22,845 | -28.8% |
| Total equity and liabilities | 10/49 | €192,876 | €234,094 | +€41,218 | +21.4% |
| Equity | 10/15 | €166,014 | €46,540 | -€119,474 | -72.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €162,014 | €42,540 | -€119,474 | -73.7% |
| Amounts payable | 17/49 | €26,861 | €187,553 | +€160,692 | +598.2% |
| Amounts payable within one year | 42/48 | €26,861 | €187,553 | +€160,692 | +598.2% |
| Trade debts | 44 | €650 | €120 | -€530 | -81.5% |
| Suppliers | 440/4 | €650 | €120 | -€530 | -81.5% |
| Taxes, remuneration and social security | 45 | €26,211 | €45,058 | +€18,847 | +71.9% |
| Taxes | 450/3 | €26,211 | €45,058 | +€18,847 | +71.9% |
| Other amounts payable | 47/48 | - | €142,376 | +€142,376 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,525 | €4,589 | +€64 | +1.4% |
| Other operating charges | 640/8 | €367 | €770 | +€403 | +110.0% |
| Gross operating margin | 9900 | €120,407 | €116,402 | -€4,006 | -3.3% |
| Operating profit (loss) | 9901 | €115,516 | €111,043 | -€4,473 | -3.9% |
| Financial income | 75/76B | €2,900 | €4,147 | +€1,247 | +43.0% |
| Recurring financial income | 75 | €2,900 | €4,147 | +€1,247 | +43.0% |
| Financial charges | 65/66B | €154 | €24,963 | +€24,809 | +16107.7% |
| Recurring financial charges | 65 | €154 | €24,963 | +€24,809 | +16107.7% |
| Profit (loss) for the period before taxes | 9903 | €118,261 | €90,227 | -€28,035 | -23.7% |
| Income taxes | 67/77 | €18,837 | €12,200 | -€6,637 | -35.2% |
| Profit (loss) for the period | 9904 | €99,424 | €78,027 | -€21,397 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €99,424 | €78,027 | -€21,397 | -21.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.