XO BOATING BELGIUM: what changed
What changed
XO BOATING BELGIUM
NACE 47.639, Retail sale of other sporting goods
filed annual accounts (NBB)
Net result for the year
€71,150
2024 · €144,420-€73,270
Equity
-€373,849
2024 · -€445,000+€71,150
Cash
€17,319
2024 · €21,007-€3,688
Balance sheet total
€2.6m
2024 · €2.4m+€182,630
Largest movements
Assets
- Tangible fixed assets +€199,664
up €199,664 (+85.4%), from €233,678 to €433,342
of which Furniture and vehicles: +€208,003
- Financial fixed assets +€50,000
up €50,000 (+2.5%), from €2.0m to €2.1m
- Receivables within one year -€49,308
down €49,308 (-52.8%), from €93,431 to €44,123
of which Trade receivables: -€49,308
Equity and liabilities
- Debts after one year +€80,258
up €80,258 (+3.0%), from €2.7m to €2.8m
- Profit (loss) carried forward +€71,150
up €71,150 (+14.0%), from -€507,500 to -€436,349
- Current portion of long-term debt +€37,111
up €37,111 (+183%), from €20,263 to €57,374
Income statement
- Gross operating margin -€37,979
down €37,979 (-13.1%), from €289,684 to €251,706
- Depreciation +€17,491
up €17,491 (+13.1%), from €133,055 to €150,546
- Financial charges +€16,902
up €16,902 (+152%), from €11,098 to €28,000
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€144,420
Gross operating margin
-€37,979
Depreciation
-€17,491
Other operating charges
-€897
Financial income
+€0
Financial charges
-€16,902
Result 2025
€71,150
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€276,154
Investment
-€397,211
Financing
+€117,370
Cash 2024
€21,007
From operations (derived)
+€276,154
Net result for the year
+€71,150
Depreciation
+€150,546
Receivables within one year
+€49,308
Deferred charges and accrued income
+€11,040
Trade debts
-€538
Tax, wage and social debts
-€11,327
Advances received
-€8,283
Other debts
+€14,258
Investment (derived)
-€397,211
Investment in fixed assets (net)
-€397,211
Financing
+€117,370
Debts after one year
+€80,258
Current portion of long-term debt
+€37,111
Cash 2025
€17,319
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,370,441 | €2,553,071 | +€182,630 | +7.7% |
| Fixed assets | 21/28 | €2,239,813 | €2,486,478 | +€246,665 | +11.0% |
| Intangible fixed assets | 21 | €4,476 | €1,477 | -€2,999 | -67.0% |
| Tangible fixed assets | 22/27 | €233,678 | €433,342 | +€199,664 | +85.4% |
| Plant, machinery and equipment | 23 | €10,712 | €5,056 | -€5,656 | -52.8% |
| Furniture and vehicles | 24 | €202,422 | €410,426 | +€208,003 | +103% |
| Other tangible fixed assets | 26 | €3,195 | €511 | -€2,684 | -84.0% |
| Assets under construction and advance payments | 27 | €17,349 | €17,349 | = | 0.0% |
| Financial fixed assets | 28 | €2,001,659 | €2,051,659 | +€50,000 | +2.5% |
| Current assets | 29/58 | €130,628 | €66,593 | -€64,035 | -49.0% |
| Amounts receivable within one year | 40/41 | €93,431 | €44,123 | -€49,308 | -52.8% |
| Trade receivables | 40 | €93,431 | €44,123 | -€49,308 | -52.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €21,007 | €17,319 | -€3,688 | -17.6% |
| Deferred charges and accrued income | 490/1 | €16,191 | €5,151 | -€11,040 | -68.2% |
| Total equity and liabilities | 10/49 | €2,370,441 | €2,553,071 | +€182,630 | +7.7% |
| Equity | 10/15 | -€445,000 | -€373,849 | +€71,150 | +16.0% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€507,500 | -€436,349 | +€71,150 | +14.0% |
| Amounts payable | 17/49 | €2,815,441 | €2,926,920 | +€111,479 | +4.0% |
| Amounts payable after more than one year | 17 | €2,685,291 | €2,765,549 | +€80,258 | +3.0% |
| Financial debts | 170/4 | €2,685,291 | €2,765,549 | +€80,258 | +3.0% |
| Amounts payable within one year | 42/48 | €130,150 | €161,371 | +€31,221 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €20,263 | €57,374 | +€37,111 | +183% |
| Trade debts | 44 | €22,720 | €22,182 | -€538 | -2.4% |
| Suppliers | 440/4 | €22,720 | €22,182 | -€538 | -2.4% |
| Advances received on contracts in progress | 46 | €8,283 | €0 | -€8,283 | -100% |
| Taxes, remuneration and social security | 45 | €16,188 | €4,861 | -€11,327 | -70.0% |
| Taxes | 450/3 | €16,188 | €4,861 | -€11,327 | -70.0% |
| Other amounts payable | 47/48 | €62,696 | €76,954 | +€14,258 | +22.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,055 | €150,546 | +€17,491 | +13.1% |
| Other operating charges | 640/8 | €1,112 | €2,009 | +€897 | +80.7% |
| Gross operating margin | 9900 | €289,684 | €251,706 | -€37,979 | -13.1% |
| Operating profit (loss) | 9901 | €155,518 | €99,150 | -€56,367 | -36.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €11,098 | €28,000 | +€16,902 | +152% |
| Recurring financial charges | 65 | €11,098 | €28,000 | +€16,902 | +152% |
| Profit (loss) for the period before taxes | 9903 | €144,420 | €71,150 | -€73,270 | -50.7% |
| Profit (loss) for the period | 9904 | €144,420 | €71,150 | -€73,270 | -50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €144,420 | €71,150 | -€73,270 | -50.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.