XORLOGICS: 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.
XORLOGICS
Largest movements
- Receivables within one year +€204,651
up €204,651 (+79.2%), from €258,500 to €463,150
- Cash -€16,928
down €16,928 (-100%), from €16,928 to €0
mainly Receivables within one year (-€204,651) and Deferred charges and accrued income (-€2,646)
- Trade debts +€124,452
up €124,452 (+184%), from €67,755 to €192,208
- Profit (loss) carried forward +€28,146
up €28,146 (+44.5%), from €63,250 to €91,396
- Short-term financial debts +€23,526
new in 2025: €23,526
- Tax, wage and social debts +€12,003
up €12,003 (+7.8%), from €153,524 to €165,527
of which Remuneration and social security: +€6,307
- Gross operating margin +€45,782
up €45,782 (+6.4%), from €719,442 to €765,224
- Staff costs -€13,790
down €13,790 (-1.9%), from €711,285 to €697,495
- Other operating charges +€9,810
up €9,810 (+617%), from €1,589 to €11,400
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 | €295,538 | €482,904 | +€187,366 | +63.4% |
| Fixed assets | 21/28 | €9,243 | €6,240 | -€3,003 | -32.5% |
| Tangible fixed assets | 22/27 | €3,508 | €505 | -€3,003 | -85.6% |
| Furniture and vehicles | 24 | €3,508 | €505 | -€3,003 | -85.6% |
| Financial fixed assets | 28 | €5,735 | €5,735 | = | 0.0% |
| Current assets | 29/58 | €286,295 | €476,664 | +€190,369 | +66.5% |
| Amounts receivable within one year | 40/41 | €258,500 | €463,150 | +€204,651 | +79.2% |
| Trade receivables | 40 | €258,500 | €463,150 | +€204,651 | +79.2% |
| Cash at bank and in hand | 54/58 | €16,928 | €0 | -€16,928 | -100% |
| Deferred charges and accrued income | 490/1 | €10,867 | €13,514 | +€2,646 | +24.4% |
| Total equity and liabilities | 10/49 | €295,538 | €482,904 | +€187,366 | +63.4% |
| Equity | 10/15 | €73,210 | €101,356 | +€28,146 | +38.4% |
| Contributions | 10/11 | €8,100 | €8,100 | = | 0.0% |
| Contributions outside capital | 11 | €8,100 | - | -€8,100 | |
| Other | 1109/19 | €8,100 | - | -€8,100 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,250 | €91,396 | +€28,146 | +44.5% |
| Amounts payable | 17/49 | €222,328 | €381,548 | +€159,220 | +71.6% |
| Amounts payable within one year | 42/48 | €221,881 | €381,548 | +€159,667 | +72.0% |
| Financial debts | 43 | - | €23,526 | +€23,526 | |
| Credit institutions | 430/8 | - | €23,526 | +€23,526 | |
| Trade debts | 44 | €67,755 | €192,208 | +€124,452 | +184% |
| Suppliers | 440/4 | €67,755 | €192,208 | +€124,452 | +184% |
| Taxes, remuneration and social security | 45 | €153,524 | €165,527 | +€12,003 | +7.8% |
| Taxes | 450/3 | €27,790 | €33,487 | +€5,696 | +20.5% |
| Remuneration and social security | 454/9 | €125,734 | €132,041 | +€6,307 | +5.0% |
| Other amounts payable | 47/48 | €601 | €287 | -€314 | -52.2% |
| Accrued charges and deferred income | 492/3 | €447 | €0 | -€447 | -100% |
| Remuneration, social security and pensions | 62 | €711,285 | €697,495 | -€13,790 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,145 | €3,003 | -€2,142 | -41.6% |
| Other operating charges | 640/8 | €1,589 | €11,400 | +€9,810 | +617% |
| Gross operating margin | 9900 | €719,442 | €765,224 | +€45,782 | +6.4% |
| Operating profit (loss) | 9901 | €1,422 | €53,326 | +€51,904 | +3,649% |
| Financial charges | 65/66B | €1,554 | €4,115 | +€2,561 | +165% |
| Recurring financial charges | 65 | €1,554 | €4,115 | +€2,561 | +165% |
| Profit (loss) for the period before taxes | 9903 | -€131 | €49,211 | +€49,343 | |
| Income taxes | 67/77 | €16,523 | €21,066 | +€4,543 | +27.5% |
| Profit (loss) for the period | 9904 | -€16,654 | €28,146 | +€44,800 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,654 | €28,146 | +€44,800 |
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 25 October 2026 via checked.be.