XOLUTION: 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.
XOLUTION
Largest movements
- Receivables within one year +€16,294
up €16,294 (+85.6%), from €19,033 to €35,328
of which Trade receivables: +€12,211
- Cash -€11,111
down €11,111 (-9.3%), from €118,956 to €107,844
mainly Debts after one year (-€30,000) and Receivables within one year (-€16,294)
- Tangible fixed assets +€2,169
up €2,169 (+1,649%), from €132 to €2,301
- Debts after one year -€30,000
down €30,000 (-37.5%), from €80,000 to €50,000
- Accrued charges and deferred income +€27,000
up €27,000, from €0 to €27,000
- Profit (loss) carried forward +€10,714
up €10,714 (+57.5%), from -€18,624 to -€7,911
- Trade debts -€2,494
down €2,494 (-42.2%), from €5,904 to €3,409
- Gross operating margin -€21,525
down €21,525 (-63.0%), from €34,169 to €12,644
- Financial charges -€989
down €989 (-80.6%), from €1,227 to €238
- Depreciation -€360
down €360 (-63.7%), from €565 to €205
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 | €172,086 | €178,850 | +€6,764 | +3.9% |
| Fixed assets | 21/28 | €132 | €2,301 | +€2,169 | +1,649% |
| Tangible fixed assets | 22/27 | €132 | €2,301 | +€2,169 | +1,649% |
| Furniture and vehicles | 24 | €132 | €2,301 | +€2,169 | +1,649% |
| Current assets | 29/58 | €171,955 | €176,549 | +€4,594 | +2.7% |
| Amounts receivable after more than one year | 29 | €31,533 | €32,002 | +€470 | +1.5% |
| Other amounts receivable | 291 | €31,533 | €32,002 | +€470 | +1.5% |
| Amounts receivable within one year | 40/41 | €19,033 | €35,328 | +€16,294 | +85.6% |
| Trade receivables | 40 | €15,505 | €27,716 | +€12,211 | +78.8% |
| Other amounts receivable | 41 | €3,529 | €7,612 | +€4,083 | +116% |
| Cash at bank and in hand | 54/58 | €118,956 | €107,844 | -€11,111 | -9.3% |
| Deferred charges and accrued income | 490/1 | €2,433 | €1,375 | -€1,059 | -43.5% |
| Total equity and liabilities | 10/49 | €172,086 | €178,850 | +€6,764 | +3.9% |
| Equity | 10/15 | €45,946 | €56,659 | +€10,714 | +23.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €52,170 | €52,170 | = | 0.0% |
| Distributable reserves | 133 | €52,170 | €52,170 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,624 | -€7,911 | +€10,714 | +57.5% |
| Amounts payable | 17/49 | €126,141 | €122,190 | -€3,950 | -3.1% |
| Amounts payable after more than one year | 17 | €80,000 | €50,000 | -€30,000 | -37.5% |
| Financial debts | 170/4 | €80,000 | €50,000 | -€30,000 | -37.5% |
| Amounts payable within one year | 42/48 | €46,141 | €45,190 | -€950 | -2.1% |
| Trade debts | 44 | €5,904 | €3,409 | -€2,494 | -42.2% |
| Suppliers | 440/4 | €5,904 | €3,409 | -€2,494 | -42.2% |
| Taxes, remuneration and social security | 45 | €10,742 | €10,963 | +€221 | +2.1% |
| Taxes | 450/3 | €10,742 | €10,963 | +€221 | +2.1% |
| Other amounts payable | 47/48 | €29,495 | €30,818 | +€1,323 | +4.5% |
| Accrued charges and deferred income | 492/3 | €0 | €27,000 | +€27,000 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €565 | €205 | -€360 | -63.7% |
| Other operating charges | 640/8 | €798 | €1,034 | +€236 | +29.6% |
| Gross operating margin | 9900 | €34,169 | €12,644 | -€21,525 | -63.0% |
| Operating profit (loss) | 9901 | €32,807 | €11,405 | -€21,401 | -65.2% |
| Financial income | 75/76B | €1,163 | €1,345 | +€182 | +15.6% |
| Recurring financial income | 75 | €1,163 | €1,345 | +€182 | +15.6% |
| Financial charges | 65/66B | €1,227 | €238 | -€989 | -80.6% |
| Recurring financial charges | 65 | €1,227 | €238 | -€989 | -80.6% |
| Profit (loss) for the period before taxes | 9903 | €32,743 | €12,512 | -€20,231 | -61.8% |
| Income taxes | 67/77 | €224 | €132 | -€92 | -41.0% |
| Profit (loss) for the period | 9904 | €32,519 | €12,380 | -€20,139 | -61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,519 | €12,380 | -€20,139 | -61.9% |
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 17 October 2026 via checked.be.