XM MANAGEMENT: 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.
XM MANAGEMENT
Largest movements
- Cash +€12,015
up €12,015 (+48.4%), from €24,815 to €36,830
mainly Net result for the year (+€11,785) and Other debts (+€837)
- Profit (loss) carried forward +€11,785
up €11,785 (+60.0%), from -€19,627 to -€7,841
- Tax, wage and social debts -€1,055
no longer reported in 2025 (was €1,055)
- Other debts +€837
new in 2025: €837
- Trade debts +€805
up €805 (+207.9%), from €387 to €1,193
- Write-downs -€40,000
no longer reported in 2025 (was €40,000)
- Gross operating margin -€8,569
down €8,569 (-42.0%), from €20,408 to €11,839
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 | €24,815 | €37,188 | +€12,373 | +49.9% |
| Current assets | 29/58 | €24,815 | €37,188 | +€12,373 | +49.9% |
| Amounts receivable within one year | 40/41 | - | €358 | +€358 | |
| Trade receivables | 40 | - | €358 | +€358 | |
| Cash at bank and in hand | 54/58 | €24,815 | €36,830 | +€12,015 | +48.4% |
| Total equity and liabilities | 10/49 | €24,815 | €37,188 | +€12,373 | +49.9% |
| Equity | 10/15 | -€16,627 | -€4,841 | +€11,785 | +70.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,627 | -€7,841 | +€11,785 | +60.0% |
| Amounts payable | 17/49 | €41,442 | €42,030 | +€587 | +1.4% |
| Amounts payable within one year | 42/48 | €41,442 | €42,030 | +€587 | +1.4% |
| Financial debts | 43 | €40,000 | €40,000 | = | 0.0% |
| Other loans | 439 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €387 | €1,193 | +€805 | +207.9% |
| Suppliers | 440/4 | €387 | €1,193 | +€805 | +207.9% |
| Taxes, remuneration and social security | 45 | €1,055 | - | -€1,055 | |
| Taxes | 450/3 | €1,055 | - | -€1,055 | |
| Other amounts payable | 47/48 | - | €837 | +€837 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €40,000 | - | -€40,000 | |
| Gross operating margin | 9900 | €20,408 | €11,839 | -€8,569 | -42.0% |
| Operating profit (loss) | 9901 | -€19,592 | €11,839 | +€31,431 | |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €35 | €59 | +€24 | +70.2% |
| Recurring financial charges | 65 | €35 | €59 | +€24 | +70.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,627 | €11,788 | +€31,415 | |
| Income taxes | 67/77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | -€19,627 | €11,785 | +€31,412 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,627 | €11,785 | +€31,412 |
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 29 September 2026 via checked.be.