XOVELIS: 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.
XOVELIS
Largest movements
- Tangible fixed assets -€43,008
down €43,008 (-13.2%), from €325,894 to €282,886
of which Furniture and vehicles: -€26,265
- Receivables within one year +€38,235
up €38,235 (+43.8%), from €87,326 to €125,562
of which Other amounts receivable: +€72,892
- Other debts +€66,735
up €66,735 (+276%), from €24,165 to €90,900
- Reserves -€57,000
down €57,000 (-27.9%), from €204,160 to €147,160
of which Distributable reserves: -€57,000
- Debts after one year -€32,841
down €32,841 (-16.9%), from €194,304 to €161,463
- Short-term financial debts +€9,496
up €9,496 (+7.9%), from €120,124 to €129,620
- Tax, wage and social debts +€6,113
up €6,113 (+52.4%), from €11,674 to €17,787
of which Taxes: +€6,113
- Other operating charges -€22,767
down €22,767 (-93.1%), from €24,441 to €1,675
- Depreciation +€17,164
up €17,164 (+66.4%), from €25,844 to €43,008
- Taxes +€6,459
up €6,459 (+36.3%), from €17,812 to €24,272
- Financial income +€5,343
up €5,343 (+4,177%), from €128 to €5,471
- Gross operating margin +€3,667
up €3,667 (+3.4%), from €106,663 to €110,329
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 | €598,640 | €590,158 | -€8,482 | -1.4% |
| Fixed assets | 21/28 | €481,308 | €438,300 | -€43,008 | -8.9% |
| Tangible fixed assets | 22/27 | €325,894 | €282,886 | -€43,008 | -13.2% |
| Land and buildings | 22 | €195,002 | €182,919 | -€12,084 | -6.2% |
| Plant, machinery and equipment | 23 | €12,241 | €7,583 | -€4,659 | -38.1% |
| Furniture and vehicles | 24 | €118,650 | €92,385 | -€26,265 | -22.1% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €155,414 | €155,414 | = | 0.0% |
| Current assets | 29/58 | €117,332 | €151,858 | +€34,526 | +29.4% |
| Amounts receivable within one year | 40/41 | €87,326 | €125,562 | +€38,235 | +43.8% |
| Trade receivables | 40 | €35,000 | €343 | -€34,657 | -99.0% |
| Other amounts receivable | 41 | €52,326 | €125,219 | +€72,892 | +139% |
| Cash at bank and in hand | 54/58 | €27,197 | €23,267 | -€3,930 | -14.5% |
| Deferred charges and accrued income | 490/1 | €2,809 | €3,029 | +€220 | +7.8% |
| Total equity and liabilities | 10/49 | €598,640 | €590,158 | -€8,482 | -1.4% |
| Equity | 10/15 | €210,687 | €153,765 | -€56,923 | -27.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €204,160 | €147,160 | -€57,000 | -27.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €202,300 | €145,300 | -€57,000 | -28.2% |
| Profit (loss) carried forward | 14 | €327 | €405 | +€77 | +23.7% |
| Amounts payable | 17/49 | €387,953 | €436,393 | +€48,440 | +12.5% |
| Amounts payable after more than one year | 17 | €194,304 | €161,463 | -€32,841 | -16.9% |
| Financial debts | 170/4 | €194,304 | €161,463 | -€32,841 | -16.9% |
| Amounts payable within one year | 42/48 | €193,051 | €274,420 | +€81,369 | +42.1% |
| Current portion of amounts payable after more than one year | 42 | €34,190 | €35,385 | +€1,195 | +3.5% |
| Financial debts | 43 | €120,124 | €129,620 | +€9,496 | +7.9% |
| Credit institutions | 430/8 | €120,124 | €129,620 | +€9,496 | +7.9% |
| Trade debts | 44 | €2,898 | €729 | -€2,169 | -74.9% |
| Suppliers | 440/4 | €2,898 | €729 | -€2,169 | -74.9% |
| Taxes, remuneration and social security | 45 | €11,674 | €17,787 | +€6,113 | +52.4% |
| Taxes | 450/3 | €9,324 | €15,437 | +€6,113 | +65.6% |
| Remuneration and social security | 454/9 | €2,350 | €2,350 | = | 0.0% |
| Other amounts payable | 47/48 | €24,165 | €90,900 | +€66,735 | +276% |
| Accrued charges and deferred income | 492/3 | €598 | €510 | -€87 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,844 | €43,008 | +€17,164 | +66.4% |
| Other operating charges | 640/8 | €24,441 | €1,675 | -€22,767 | -93.1% |
| Gross operating margin | 9900 | €106,663 | €110,329 | +€3,667 | +3.4% |
| Operating profit (loss) | 9901 | €56,377 | €65,647 | +€9,269 | +16.4% |
| Financial income | 75/76B | €128 | €5,471 | +€5,343 | +4,177% |
| Recurring financial income | 75 | €128 | €5,471 | +€5,343 | +4,177% |
| Financial charges | 65/66B | €10,325 | €12,868 | +€2,544 | +24.6% |
| Recurring financial charges | 65 | €10,325 | €12,868 | +€2,544 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | €46,180 | €58,249 | +€12,069 | +26.1% |
| Income taxes | 67/77 | €17,812 | €24,272 | +€6,459 | +36.3% |
| Profit (loss) for the period | 9904 | €28,368 | €33,977 | +€5,609 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,368 | €33,977 | +€5,609 | +19.8% |
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 15 October 2026 via checked.be.