XM-Adventure: 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.
XM-Adventure
Largest movements
- Cash -€41,048
down €41,048 (-76.3%), from €53,768 to €12,720
mainly Net result for the year (-€53,769) and Other debts (-€26,381)
- Receivables within one year -€36,474
down €36,474 (-89.9%), from €40,561 to €4,087
of which Trade receivables: -€40,178
- Tangible fixed assets -€2,274
down €2,274 (-51.5%), from €4,418 to €2,144
of which Furniture and vehicles: -€1,786
- Profit (loss) carried forward -€53,769
new in 2025: -€53,769
- Other debts -€26,381
no longer reported in 2025 (was €26,381)
- Gross operating margin -€108,479
down €108,479, from €56,528 to -€51,951
- Taxes -€18,059
down €18,059 (-99.5%), from €18,144 to €86
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 | €172,365 | €90,950 | -€81,415 | -47.2% |
| Fixed assets | 21/28 | €4,418 | €2,144 | -€2,274 | -51.5% |
| Tangible fixed assets | 22/27 | €4,418 | €2,144 | -€2,274 | -51.5% |
| Plant, machinery and equipment | 23 | €1,637 | €1,148 | -€489 | -29.8% |
| Furniture and vehicles | 24 | €2,781 | €995 | -€1,786 | -64.2% |
| Current assets | 29/58 | €167,947 | €88,807 | -€79,140 | -47.1% |
| Amounts receivable after more than one year | 29 | €72,000 | €72,000 | = | 0.0% |
| Other amounts receivable | 291 | €72,000 | €72,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,561 | €4,087 | -€36,474 | -89.9% |
| Trade receivables | 40 | €40,254 | €76 | -€40,178 | -99.8% |
| Other amounts receivable | 41 | €307 | €4,011 | +€3,704 | +1,206% |
| Cash at bank and in hand | 54/58 | €53,768 | €12,720 | -€41,048 | -76.3% |
| Deferred charges and accrued income | 490/1 | €1,618 | - | -€1,618 | |
| Total equity and liabilities | 10/49 | €172,365 | €90,950 | -€81,415 | -47.2% |
| Equity | 10/15 | €134,335 | €80,566 | -€53,769 | -40.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €126,835 | €126,835 | = | 0.0% |
| Distributable reserves | 133 | €126,835 | €126,835 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€53,769 | -€53,769 | |
| Amounts payable | 17/49 | €38,031 | €10,385 | -€27,646 | -72.7% |
| Amounts payable within one year | 42/48 | €38,031 | €10,385 | -€27,646 | -72.7% |
| Trade debts | 44 | €1,005 | €1,155 | +€150 | +14.9% |
| Suppliers | 440/4 | €1,005 | €1,155 | +€150 | +14.9% |
| Taxes, remuneration and social security | 45 | €10,644 | €9,230 | -€1,414 | -13.3% |
| Taxes | 450/3 | €10,644 | €9,230 | -€1,414 | -13.3% |
| Other amounts payable | 47/48 | €26,381 | - | -€26,381 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,274 | €2,274 | = | 0.0% |
| Other operating charges | 640/8 | €1,297 | €1,240 | -€58 | -4.4% |
| Gross operating margin | 9900 | €56,528 | -€51,951 | -€108,479 | |
| Operating profit (loss) | 9901 | €52,957 | -€55,465 | -€108,422 | |
| Financial income | 75/76B | €1,872 | €1,972 | +€100 | +5.3% |
| Recurring financial income | 75 | €1,872 | €1,972 | +€100 | +5.3% |
| Financial charges | 65/66B | €265 | €190 | -€75 | -28.3% |
| Recurring financial charges | 65 | €265 | €190 | -€75 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €54,564 | -€53,683 | -€108,247 | |
| Income taxes | 67/77 | €18,144 | €86 | -€18,059 | -99.5% |
| Profit (loss) for the period | 9904 | €36,419 | -€53,769 | -€90,188 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,419 | -€53,769 | -€90,188 |
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.