XOLO: 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.
XOLO
Largest movements
- Cash +€93,615
up €93,615 (+822.8%), from €11,377 to €104,992
mainly Tax, wage and social debts (+€89,197) and Net result for the year (+€50,674)
- Tangible fixed assets -€39,711
down €39,711 (-17.7%), from €224,478 to €184,767
of which Furniture and vehicles: -€30,680
- Receivables within one year +€37,178
up €37,178 (+26.5%), from €140,170 to €177,349
of which Trade receivables: +€37,897
- Deferred charges and accrued income +€10,991
up €10,991 (+114.6%), from €9,591 to €20,581
- Tax, wage and social debts +€89,197
up €89,197 (+102.8%), from €86,775 to €175,972
of which Remuneration and social security: +€60,474
- Debts after one year -€36,483
down €36,483 (-20.3%), from €180,147 to €143,664
of which Financial debts: -€27,298
- Reserves +€30,674
up €30,674 (+33.6%), from €91,279 to €121,953
- Other debts +€20,000
new in 2025: €20,000
- Short-term financial debts +€10,444
new in 2025: €10,444
- Gross operating margin +€219,417
up €219,417 (+71.0%), from €308,946 to €528,363
- Staff costs +€197,823
up €197,823 (+89.8%), from €220,407 to €418,230
- Other operating charges +€8,720
up €8,720 (+373.1%), from €2,337 to €11,057
- Financial charges +€7,995
up €7,995 (+77.8%), from €10,281 to €18,276
- Taxes -€6,594
down €6,594 (-29.6%), from €22,244 to €15,650
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 | €388,727 | €489,675 | +€100,948 | +26.0% |
| Fixed assets | 21/28 | €227,589 | €186,753 | -€40,836 | -17.9% |
| Intangible fixed assets | 21 | €2,899 | €1,774 | -€1,125 | -38.8% |
| Tangible fixed assets | 22/27 | €224,478 | €184,767 | -€39,711 | -17.7% |
| Land and buildings | 22 | €180,849 | €172,098 | -€8,751 | -4.8% |
| Plant, machinery and equipment | 23 | €989 | €709 | -€280 | -28.3% |
| Furniture and vehicles | 24 | €42,640 | €11,960 | -€30,680 | -72.0% |
| Financial fixed assets | 28 | €212 | €212 | = | 0.0% |
| Current assets | 29/58 | €161,138 | €302,922 | +€141,784 | +88.0% |
| Amounts receivable within one year | 40/41 | €140,170 | €177,349 | +€37,178 | +26.5% |
| Trade receivables | 40 | €139,452 | €177,349 | +€37,897 | +27.2% |
| Other amounts receivable | 41 | €718 | €0 | -€718 | -100.0% |
| Cash at bank and in hand | 54/58 | €11,377 | €104,992 | +€93,615 | +822.8% |
| Deferred charges and accrued income | 490/1 | €9,591 | €20,581 | +€10,991 | +114.6% |
| Total equity and liabilities | 10/49 | €388,727 | €489,675 | +€100,948 | +26.0% |
| Equity | 10/15 | €96,279 | €126,953 | +€30,674 | +31.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €91,279 | €121,953 | +€30,674 | +33.6% |
| Distributable reserves | 133 | €91,279 | €121,953 | +€30,674 | +33.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €292,448 | €362,722 | +€70,274 | +24.0% |
| Amounts payable after more than one year | 17 | €180,147 | €143,664 | -€36,483 | -20.3% |
| Financial debts | 170/4 | €140,147 | €112,849 | -€27,298 | -19.5% |
| Other amounts payable | 178/9 | €40,000 | €30,815 | -€9,185 | -23.0% |
| Amounts payable within one year | 42/48 | €112,026 | €218,809 | +€106,783 | +95.3% |
| Current portion of amounts payable after more than one year | 42 | €17,203 | €7,795 | -€9,408 | -54.7% |
| Financial debts | 43 | - | €10,444 | +€10,444 | |
| Credit institutions | 430/8 | - | €10,444 | +€10,444 | |
| Trade debts | 44 | €8,047 | €4,598 | -€3,449 | -42.9% |
| Suppliers | 440/4 | €8,047 | €4,598 | -€3,449 | -42.9% |
| Taxes, remuneration and social security | 45 | €86,775 | €175,972 | +€89,197 | +102.8% |
| Taxes | 450/3 | €48,888 | €77,611 | +€28,723 | +58.8% |
| Remuneration and social security | 454/9 | €37,887 | €98,361 | +€60,474 | +159.6% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Accrued charges and deferred income | 492/3 | €275 | €249 | -€27 | -9.7% |
| Remuneration, social security and pensions | 62 | €220,407 | €418,230 | +€197,823 | +89.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,301 | €14,615 | +€2,314 | +18.8% |
| Other operating charges | 640/8 | €2,337 | €11,057 | +€8,720 | +373.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €308,946 | €528,363 | +€219,417 | +71.0% |
| Operating profit (loss) | 9901 | €73,901 | €84,462 | +€10,561 | +14.3% |
| Financial income | 75/76B | €37 | €139 | +€102 | +276.6% |
| Recurring financial income | 75 | €37 | €139 | +€102 | +276.6% |
| Financial charges | 65/66B | €10,281 | €18,276 | +€7,995 | +77.8% |
| Recurring financial charges | 65 | €10,281 | €18,276 | +€7,995 | +77.8% |
| Profit (loss) for the period before taxes | 9903 | €63,657 | €66,325 | +€2,668 | +4.2% |
| Income taxes | 67/77 | €22,244 | €15,650 | -€6,594 | -29.6% |
| Profit (loss) for the period | 9904 | €41,413 | €50,674 | +€9,261 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,413 | €50,674 | +€9,261 | +22.4% |
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 5 October 2026 via checked.be.