XP2: 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.
XP2
Largest movements
- Current investments +€74,042
up €74,042 (+11.5%), from €642,188 to €716,230
- Cash -€33,386
down €33,386 (-27.7%), from €120,385 to €86,999
mainly Current investments (-€74,042) and Tax, wage and social debts (-€39,833)
- Reserves +€89,534
up €89,534 (+9.5%), from €947,429 to €1.0m
- Tax, wage and social debts -€39,833
down €39,833 (-100.0%), from €39,833 to €0
of which Taxes: -€39,833
- Gross operating margin -€153,449
down €153,449 (-66.4%), from €231,020 to €77,571
- Financial income +€69,231
up €69,231 (+521.3%), from €13,280 to €82,511
- Taxes -€36,364
down €36,364 (-60.3%), from €60,257 to €23,894
- Staff costs -€33,286
down €33,286 (-82.5%), from €40,346 to €7,060
- Financial charges +€6,301
up €6,301 (+86.2%), from €7,312 to €13,613
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 | €1,111,255 | €1,148,182 | +€36,927 | +3.3% |
| Fixed assets | 21/28 | €317,667 | €318,899 | +€1,231 | +0.4% |
| Tangible fixed assets | 22/27 | €317,667 | €318,899 | +€1,231 | +0.4% |
| Land and buildings | 22 | €312,094 | €305,541 | -€6,553 | -2.1% |
| Plant, machinery and equipment | 23 | €4,378 | €5,996 | +€1,618 | +37.0% |
| Furniture and vehicles | 24 | €195 | €6,362 | +€6,166 | +3161.0% |
| Other tangible fixed assets | 26 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €793,587 | €829,283 | +€35,696 | +4.5% |
| Amounts receivable within one year | 40/41 | €29,373 | €22,222 | -€7,151 | -24.3% |
| Trade receivables | 40 | €27,218 | €7,589 | -€19,629 | -72.1% |
| Other amounts receivable | 41 | €2,155 | €14,632 | +€12,477 | +578.9% |
| Current investments | 50/53 | €642,188 | €716,230 | +€74,042 | +11.5% |
| Cash at bank and in hand | 54/58 | €120,385 | €86,999 | -€33,386 | -27.7% |
| Deferred charges and accrued income | 490/1 | €1,641 | €3,832 | +€2,191 | +133.5% |
| Total equity and liabilities | 10/49 | €1,111,255 | €1,148,182 | +€36,927 | +3.3% |
| Equity | 10/15 | €972,429 | €1,061,964 | +€89,534 | +9.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €947,429 | €1,036,964 | +€89,534 | +9.5% |
| Distributable reserves | 133 | €947,429 | €1,036,964 | +€89,534 | +9.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €138,825 | €86,219 | -€52,607 | -37.9% |
| Amounts payable after more than one year | 17 | €84,837 | €74,944 | -€9,893 | -11.7% |
| Financial debts | 170/4 | €84,837 | €74,944 | -€9,893 | -11.7% |
| Amounts payable within one year | 42/48 | €53,989 | €11,275 | -€42,714 | -79.1% |
| Current portion of amounts payable after more than one year | 42 | €9,816 | €9,893 | +€77 | +0.8% |
| Trade debts | 44 | €3,880 | €1,382 | -€2,498 | -64.4% |
| Suppliers | 440/4 | €3,880 | €1,382 | -€2,498 | -64.4% |
| Taxes, remuneration and social security | 45 | €39,833 | €0 | -€39,833 | -100.0% |
| Taxes | 450/3 | €39,833 | €0 | -€39,833 | -100.0% |
| Remuneration and social security | 454/9 | €0 | €0 | -€0 | -100.0% |
| Other amounts payable | 47/48 | €460 | €0 | -€460 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €79 | +€79 | |
| Remuneration, social security and pensions | 62 | €40,346 | €7,060 | -€33,286 | -82.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,771 | €22,281 | +€510 | +2.3% |
| Other operating charges | 640/8 | €3,611 | €3,700 | +€89 | +2.5% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €231,020 | €77,571 | -€153,449 | -66.4% |
| Operating profit (loss) | 9901 | €165,291 | €44,530 | -€120,761 | -73.1% |
| Financial income | 75/76B | €13,280 | €82,511 | +€69,231 | +521.3% |
| Recurring financial income | 75 | €13,280 | €82,511 | +€69,231 | +521.3% |
| Financial charges | 65/66B | €7,312 | €13,613 | +€6,301 | +86.2% |
| Recurring financial charges | 65 | €7,312 | €13,613 | +€6,301 | +86.2% |
| Profit (loss) for the period before taxes | 9903 | €171,259 | €113,428 | -€57,831 | -33.8% |
| Income taxes | 67/77 | €60,257 | €23,894 | -€36,364 | -60.3% |
| Profit (loss) for the period | 9904 | €111,002 | €89,534 | -€21,468 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €111,002 | €89,534 | -€21,468 | -19.3% |
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 10 October 2026 via checked.be.