XM CONSULT: 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 CONSULT
Largest movements
- Cash +€65,631
up €65,631 (+47.6%), from €137,863 to €203,494
mainly Net result for the year (+€93,764) and Depreciation (+€49,827)
- Tangible fixed assets -€23,113
down €23,113 (-14.2%), from €163,320 to €140,206
of which Land and buildings: -€30,790
- Reserves +€93,764
up €93,764 (+40.2%), from €233,038 to €326,802
- Debts after one year -€59,980
down €59,980 (-97.7%), from €61,380 to €1,400
of which Financial debts: -€43,480
- Advances received +€41,129
new in 2025: €41,129
- Other debts -€30,563
down €30,563 (-19.8%), from €154,694 to €124,131
- Financial income +€49,452
up €49,452 (+7267.8%), from €680 to €50,132
- Gross operating margin +€25,101
up €25,101 (+22.9%), from €109,424 to €134,525
- Taxes +€9,805
up €9,805 (+47.9%), from €20,488 to €30,293
- Depreciation +€8,257
up €8,257 (+19.9%), from €41,570 to €49,827
- Financial charges +€3,462
up €3,462 (+148.4%), from €2,333 to €5,796
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 | €770,435 | €814,046 | +€43,610 | +5.7% |
| Fixed assets | 21/28 | €627,970 | €604,856 | -€23,113 | -3.7% |
| Tangible fixed assets | 22/27 | €163,320 | €140,206 | -€23,113 | -14.2% |
| Land and buildings | 22 | €117,455 | €86,665 | -€30,790 | -26.2% |
| Plant, machinery and equipment | 23 | €10,703 | €12,248 | +€1,545 | +14.4% |
| Furniture and vehicles | 24 | €33,813 | €39,944 | +€6,131 | +18.1% |
| Other tangible fixed assets | 26 | €1,350 | €1,350 | = | 0.0% |
| Financial fixed assets | 28 | €464,650 | €464,650 | = | 0.0% |
| Current assets | 29/58 | €142,465 | €209,189 | +€66,724 | +46.8% |
| Amounts receivable within one year | 40/41 | - | €212 | +€212 | |
| Trade receivables | 40 | - | €212 | +€212 | |
| Cash at bank and in hand | 54/58 | €137,863 | €203,494 | +€65,631 | +47.6% |
| Deferred charges and accrued income | 490/1 | €4,602 | €5,483 | +€881 | +19.1% |
| Total equity and liabilities | 10/49 | €770,435 | €814,046 | +€43,610 | +5.7% |
| Equity | 10/15 | €501,468 | €593,497 | +€92,029 | +18.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €233,038 | €326,802 | +€93,764 | +40.2% |
| Distributable reserves | 133 | €233,038 | €326,802 | +€93,764 | +40.2% |
| Profit (loss) carried forward | 14 | €249,830 | €248,095 | -€1,735 | -0.7% |
| Amounts payable | 17/49 | €268,967 | €220,549 | -€48,418 | -18.0% |
| Amounts payable after more than one year | 17 | €61,380 | €1,400 | -€59,980 | -97.7% |
| Financial debts | 170/4 | €43,480 | - | -€43,480 | |
| Other amounts payable | 178/9 | €17,900 | €1,400 | -€16,500 | -92.2% |
| Amounts payable within one year | 42/48 | €204,192 | €216,783 | +€12,591 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €42,794 | €43,480 | +€685 | +1.6% |
| Trade debts | 44 | €3,898 | €944 | -€2,954 | -75.8% |
| Suppliers | 440/4 | €3,898 | €944 | -€2,954 | -75.8% |
| Advances received on contracts in progress | 46 | - | €41,129 | +€41,129 | |
| Taxes, remuneration and social security | 45 | €2,805 | €7,099 | +€4,294 | +153.1% |
| Taxes | 450/3 | €2,805 | €7,099 | +€4,294 | +153.1% |
| Other amounts payable | 47/48 | €154,694 | €124,131 | -€30,563 | -19.8% |
| Accrued charges and deferred income | 492/3 | €3,396 | €2,366 | -€1,030 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,570 | €49,827 | +€8,257 | +19.9% |
| Other operating charges | 640/8 | €4,490 | €4,977 | +€488 | +10.9% |
| Gross operating margin | 9900 | €109,424 | €134,525 | +€25,101 | +22.9% |
| Operating profit (loss) | 9901 | €63,364 | €79,720 | +€16,357 | +25.8% |
| Financial income | 75/76B | €680 | €50,132 | +€49,452 | +7267.8% |
| Recurring financial income | 75 | €680 | €50,132 | +€49,452 | +7267.8% |
| Financial charges | 65/66B | €2,333 | €5,796 | +€3,462 | +148.4% |
| Recurring financial charges | 65 | €2,333 | €5,796 | +€3,462 | +148.4% |
| Profit (loss) for the period before taxes | 9903 | €61,711 | €124,057 | +€62,346 | +101.0% |
| Income taxes | 67/77 | €20,488 | €30,293 | +€9,805 | +47.9% |
| Profit (loss) for the period | 9904 | €41,223 | €93,764 | +€52,541 | +127.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,223 | €93,764 | +€52,541 | +127.5% |
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 9 October 2026 via checked.be.