XOS: 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.
XOS
Largest movements
- Cash -€320,672
down €320,672 (-43.2%), from €741,756 to €421,084
mainly Debts after one year (-€225,000) and Contributions, distributions and other (-€100,075)
- Receivables within one year -€25,560
down €25,560 (-98.4%), from €25,981 to €421
of which Trade receivables: -€25,981
- Debts after one year -€225,000
down €225,000 (-88.2%), from €255,000 to €30,000
- Reserves -€100,075
down €100,075 (-21.2%), from €473,132 to €373,058
of which Distributable reserves: -€100,075
- Profit (loss) carried forward -€13,565
down €13,565, from €9 to -€13,555
- Gross operating margin -€81,841
down €81,841, from €67,613 to -€14,228
- Taxes -€18,529
down €18,529 (-99.3%), from €18,661 to €132
- Financial income +€837
up €837 (+83.1%), from €1,007 to €1,843
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 | €768,652 | €421,770 | -€346,883 | -45.1% |
| Current assets | 29/58 | €768,652 | €421,770 | -€346,883 | -45.1% |
| Amounts receivable within one year | 40/41 | €25,981 | €421 | -€25,560 | -98.4% |
| Trade receivables | 40 | €25,981 | - | -€25,981 | |
| Other amounts receivable | 41 | - | €421 | +€421 | |
| Cash at bank and in hand | 54/58 | €741,756 | €421,084 | -€320,672 | -43.2% |
| Deferred charges and accrued income | 490/1 | €915 | €264 | -€651 | -71.1% |
| Total equity and liabilities | 10/49 | €768,652 | €421,770 | -€346,883 | -45.1% |
| Equity | 10/15 | €491,742 | €378,103 | -€113,639 | -23.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €473,132 | €373,058 | -€100,075 | -21.2% |
| Non-distributable reserves | 130/1 | €6,207 | €6,207 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,207 | €6,207 | = | 0.0% |
| Distributable reserves | 133 | €466,925 | €366,850 | -€100,075 | -21.4% |
| Profit (loss) carried forward | 14 | €9 | -€13,555 | -€13,565 | |
| Amounts payable | 17/49 | €276,911 | €43,667 | -€233,244 | -84.2% |
| Amounts payable after more than one year | 17 | €255,000 | €30,000 | -€225,000 | -88.2% |
| Other amounts payable | 178/9 | €255,000 | €30,000 | -€225,000 | -88.2% |
| Amounts payable within one year | 42/48 | €21,911 | €13,667 | -€8,244 | -37.6% |
| Trade debts | 44 | €1,991 | €708 | -€1,283 | -64.5% |
| Suppliers | 440/4 | €1,991 | €708 | -€1,283 | -64.5% |
| Taxes, remuneration and social security | 45 | €10,691 | €3,359 | -€7,331 | -68.6% |
| Taxes | 450/3 | €10,691 | €3,359 | -€7,331 | -68.6% |
| Other amounts payable | 47/48 | €9,229 | €9,600 | +€371 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103 | - | -€103 | |
| Other operating charges | 640/8 | €1,144 | €868 | -€276 | -24.1% |
| Gross operating margin | 9900 | €67,613 | -€14,228 | -€81,841 | |
| Operating profit (loss) | 9901 | €66,367 | -€15,096 | -€81,462 | |
| Financial income | 75/76B | €1,007 | €1,843 | +€837 | +83.1% |
| Recurring financial income | 75 | €1,007 | €1,843 | +€837 | +83.1% |
| Financial charges | 65/66B | €85 | €180 | +€95 | +112.3% |
| Recurring financial charges | 65 | €85 | €180 | +€95 | +112.3% |
| Profit (loss) for the period before taxes | 9903 | €67,288 | -€13,433 | -€80,721 | |
| Income taxes | 67/77 | €18,661 | €132 | -€18,529 | -99.3% |
| Profit (loss) for the period | 9904 | €48,627 | -€13,565 | -€62,192 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,627 | -€13,565 | -€62,192 |
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 2 October 2026 via checked.be.