XMP: 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.
XMP
Largest movements
- Receivables within one year -€34,360
down €34,360 (-26.2%), from €130,948 to €96,588
of which Trade receivables: -€32,954
- Tangible fixed assets -€24,476
down €24,476 (-35.6%), from €68,715 to €44,239
of which Plant, machinery and equipment: -€21,272
- Cash +€10,760
up €10,760 (+8.3%), from €130,353 to €141,113
mainly Receivables within one year (+€34,360) and Trade debts (+€30,719)
- Debts after one year -€56,963
down €56,963 (-24.4%), from €233,271 to €176,308
of which Financial debts: -€39,463
- Trade debts +€30,719
up €30,719 (+78.4%), from €39,171 to €69,890
- Profit (loss) carried forward +€23,325
up €23,325 (+37.8%), from €61,650 to €84,975
- Other debts -€13,850
down €13,850 (-20.0%), from €69,293 to €55,443
- Current portion of long-term debt -€13,689
down €13,689 (-25.8%), from €53,152 to €39,463
- Gross operating margin -€22,412
down €22,412 (-10.5%), from €212,948 to €190,535
- Staff costs -€12,411
down €12,411 (-9.6%), from €128,779 to €116,369
- Taxes -€3,095
down €3,095 (-25.4%), from €12,202 to €9,107
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 | €641,176 | €597,045 | -€44,131 | -6.9% |
| Fixed assets | 21/28 | €268,715 | €244,239 | -€24,476 | -9.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €68,715 | €44,239 | -€24,476 | -35.6% |
| Plant, machinery and equipment | 23 | €62,586 | €41,315 | -€21,272 | -34.0% |
| Furniture and vehicles | 24 | €6,129 | €2,925 | -€3,204 | -52.3% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €372,461 | €352,806 | -€19,655 | -5.3% |
| Amounts receivable within one year | 40/41 | €130,948 | €96,588 | -€34,360 | -26.2% |
| Trade receivables | 40 | €128,066 | €95,111 | -€32,954 | -25.7% |
| Other amounts receivable | 41 | €2,882 | €1,476 | -€1,406 | -48.8% |
| Current investments | 50/53 | €108,600 | €108,600 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €130,353 | €141,113 | +€10,760 | +8.3% |
| Deferred charges and accrued income | 490/1 | €2,560 | €6,505 | +€3,945 | +154% |
| Total equity and liabilities | 10/49 | €641,176 | €597,045 | -€44,131 | -6.9% |
| Equity | 10/15 | €188,850 | €212,175 | +€23,325 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €108,600 | €108,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €108,600 | €108,600 | = | 0.0% |
| Own shares acquired | 1312 | €108,600 | €108,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,650 | €84,975 | +€23,325 | +37.8% |
| Amounts payable | 17/49 | €452,327 | €384,870 | -€67,456 | -14.9% |
| Amounts payable after more than one year | 17 | €233,271 | €176,308 | -€56,963 | -24.4% |
| Financial debts | 170/4 | €215,771 | €176,308 | -€39,463 | -18.3% |
| Other amounts payable | 178/9 | €17,500 | - | -€17,500 | |
| Amounts payable within one year | 42/48 | €218,645 | €208,562 | -€10,082 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €53,152 | €39,463 | -€13,689 | -25.8% |
| Trade debts | 44 | €39,171 | €69,890 | +€30,719 | +78.4% |
| Suppliers | 440/4 | €39,171 | €69,890 | +€30,719 | +78.4% |
| Taxes, remuneration and social security | 45 | €57,029 | €43,767 | -€13,262 | -23.3% |
| Taxes | 450/3 | €38,909 | €23,818 | -€15,091 | -38.8% |
| Remuneration and social security | 454/9 | €18,120 | €19,949 | +€1,829 | +10.1% |
| Other amounts payable | 47/48 | €69,293 | €55,443 | -€13,850 | -20.0% |
| Accrued charges and deferred income | 492/3 | €411 | - | -€411 | |
| Remuneration, social security and pensions | 62 | €128,779 | €116,369 | -€12,411 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,539 | €24,476 | +€937 | +4.0% |
| Other operating charges | 640/8 | €304 | €628 | +€323 | +106% |
| Gross operating margin | 9900 | €212,948 | €190,535 | -€22,412 | -10.5% |
| Operating profit (loss) | 9901 | €60,325 | €49,063 | -€11,262 | -18.7% |
| Financial income | 75/76B | €1,158 | €1 | -€1,157 | -99.9% |
| Recurring financial income | 75 | €1,158 | €1 | -€1,157 | -99.9% |
| Financial charges | 65/66B | €16,254 | €16,631 | +€377 | +2.3% |
| Recurring financial charges | 65 | €16,254 | €16,631 | +€377 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €45,229 | €32,432 | -€12,796 | -28.3% |
| Income taxes | 67/77 | €12,202 | €9,107 | -€3,095 | -25.4% |
| Profit (loss) for the period | 9904 | €33,027 | €23,325 | -€9,702 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,027 | €23,325 | -€9,702 | -29.4% |
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 15 October 2026 via checked.be.