XP@: 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.
XP@
Largest movements
- Current investments -€15,089
down €15,089 (-30.1%), from €50,089 to €35,000
- Tangible fixed assets -€6,336
down €6,336 (-39.3%), from €16,115 to €9,778
of which Plant, machinery and equipment: -€3,407
- Cash +€5,944
up €5,944 (+232.3%), from €2,559 to €8,503
mainly Current investments (+€15,089) and Depreciation (+€6,336)
- Receivables within one year -€2,929
down €2,929 (-3.6%), from €82,445 to €79,516
of which Trade receivables: -€4,901
- Profit (loss) carried forward -€14,782
down €14,782 (-14.6%), from €101,303 to €86,521
- Trade debts -€1,881
down €1,881 (-23.4%), from €8,035 to €6,154
- Tax, wage and social debts -€1,788
no longer reported in 2025 (was €1,788)
- Turnover -€79,247
down €79,247 (-74.1%), from €106,887 to €27,639
- Purchases and services -€57,019
down €57,019 (-59.9%), from €95,214 to €38,195
- Gross operating margin -€20,454
down €20,454, from €11,673 to -€8,781
- Depreciation -€1,934
down €1,934 (-23.4%), from €8,270 to €6,336
- Other operating charges -€1,123
down €1,123 (-83.3%), from €1,349 to €225
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 | €152,108 | €133,698 | -€18,411 | -12.1% |
| Fixed assets | 21/28 | €17,015 | €10,678 | -€6,336 | -37.2% |
| Tangible fixed assets | 22/27 | €16,115 | €9,778 | -€6,336 | -39.3% |
| Land and buildings | 22 | €11,426 | €9,405 | -€2,021 | -17.7% |
| Plant, machinery and equipment | 23 | €3,781 | €374 | -€3,407 | -90.1% |
| Furniture and vehicles | 24 | €908 | - | -€908 | |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €135,094 | €123,019 | -€12,074 | -8.9% |
| Amounts receivable within one year | 40/41 | €82,445 | €79,516 | -€2,929 | -3.6% |
| Trade receivables | 40 | €7,250 | €2,350 | -€4,901 | -67.6% |
| Other amounts receivable | 41 | €75,195 | €77,166 | +€1,971 | +2.6% |
| Current investments | 50/53 | €50,089 | €35,000 | -€15,089 | -30.1% |
| Cash at bank and in hand | 54/58 | €2,559 | €8,503 | +€5,944 | +232.3% |
| Total equity and liabilities | 10/49 | €152,108 | €133,698 | -€18,411 | -12.1% |
| Equity | 10/15 | €135,558 | €120,776 | -€14,782 | -10.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €21,855 | €21,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €855 | €855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €855 | €855 | = | 0.0% |
| Distributable reserves | 133 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,303 | €86,521 | -€14,782 | -14.6% |
| Amounts payable | 17/49 | €16,550 | €12,922 | -€3,628 | -21.9% |
| Amounts payable within one year | 42/48 | €16,550 | €12,922 | -€3,628 | -21.9% |
| Trade debts | 44 | €8,035 | €6,154 | -€1,881 | -23.4% |
| Suppliers | 440/4 | €8,035 | €6,154 | -€1,881 | -23.4% |
| Taxes, remuneration and social security | 45 | €1,788 | - | -€1,788 | |
| Taxes | 450/3 | €1,788 | - | -€1,788 | |
| Other amounts payable | 47/48 | €6,726 | €6,768 | +€41 | +0.6% |
| Turnover | 70 | €106,887 | €27,639 | -€79,247 | -74.1% |
| Non-recurring operating income | 76A | €0 | €240 | +€240 | +85728.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €95,214 | €38,195 | -€57,019 | -59.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,270 | €6,336 | -€1,934 | -23.4% |
| Other operating charges | 640/8 | €1,349 | €225 | -€1,123 | -83.3% |
| Non-recurring operating charges | 66A | €0 | €0 | +€0 | +500.0% |
| Gross operating margin | 9900 | €11,673 | -€8,781 | -€20,454 | |
| Operating profit (loss) | 9901 | €2,054 | -€15,343 | -€17,397 | |
| Financial income | 75/76B | €126 | €832 | +€706 | +559.1% |
| Recurring financial income | 75 | €126 | €832 | +€706 | +559.1% |
| Financial charges | 65/66B | €586 | €203 | -€383 | -65.3% |
| Recurring financial charges | 65 | €586 | €203 | -€383 | -65.3% |
| Profit (loss) for the period before taxes | 9903 | €1,594 | -€14,715 | -€16,309 | |
| Income taxes | 67/77 | €423 | €68 | -€356 | -84.0% |
| Profit (loss) for the period | 9904 | €1,171 | -€14,782 | -€15,953 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,171 | -€14,782 | -€15,953 |
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 11 October 2026 via checked.be.