XPATRIATE: 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.
XPATRIATE
Largest movements
- Tangible fixed assets +€281,052
up €281,052 (+2,716%), from €10,349 to €291,401
of which Land and buildings: +€278,242
- Cash +€114,142
up €114,142 (+4,103%), from €2,782 to €116,924
mainly Debts after one year (+€315,460) and Depreciation (+€56,947)
- Receivables within one year -€26,173
down €26,173 (-26.1%), from €100,207 to €74,034
of which Other amounts receivable: -€21,505
- Receivables after one year -€22,000
down €22,000 (-100%), from €22,000 to €0
- Intangible fixed assets -€9,842
down €9,842 (-21.0%), from €46,883 to €37,041
- Debts after one year +€315,460
new in 2025: €315,460
- Tax, wage and social debts +€15,644
up €15,644 (+216%), from €7,240 to €22,884
of which Taxes: +€13,821
- Trade debts -€13,312
down €13,312 (-40.7%), from €32,745 to €19,433
- Current portion of long-term debt +€11,916
up €11,916, from €0 to €11,916
- Short-term financial debts +€5,880
up €5,880, from €0 to €5,880
- Depreciation +€48,407
up €48,407 (+567%), from €8,539 to €56,947
- Gross operating margin +€17,479
up €17,479 (+26.0%), from €67,355 to €84,833
- Staff costs +€13,933
new in 2025: €13,933
- Taxes -€8,142
down €8,142 (-60.7%), from €13,405 to €5,263
- Financial charges +€4,824
up €4,824 (+183%), from €2,631 to €7,455
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 | €187,138 | €525,017 | +€337,880 | +181% |
| Fixed assets | 21/28 | €58,231 | €329,442 | +€271,210 | +466% |
| Intangible fixed assets | 21 | €46,883 | €37,041 | -€9,842 | -21.0% |
| Tangible fixed assets | 22/27 | €10,349 | €291,401 | +€281,052 | +2,716% |
| Land and buildings | 22 | - | €278,242 | +€278,242 | |
| Plant, machinery and equipment | 23 | €1,134 | €3,166 | +€2,032 | +179% |
| Furniture and vehicles | 24 | €9,215 | €9,993 | +€778 | +8.4% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €128,906 | €195,576 | +€66,669 | +51.7% |
| Amounts receivable after more than one year | 29 | €22,000 | €0 | -€22,000 | -100% |
| Other amounts receivable | 291 | €22,000 | €0 | -€22,000 | -100% |
| Amounts receivable within one year | 40/41 | €100,207 | €74,034 | -€26,173 | -26.1% |
| Trade receivables | 40 | €61,266 | €56,598 | -€4,668 | -7.6% |
| Other amounts receivable | 41 | €38,940 | €17,436 | -€21,505 | -55.2% |
| Cash at bank and in hand | 54/58 | €2,782 | €116,924 | +€114,142 | +4,103% |
| Deferred charges and accrued income | 490/1 | €3,918 | €4,618 | +€700 | +17.9% |
| Total equity and liabilities | 10/49 | €187,138 | €525,017 | +€337,880 | +181% |
| Equity | 10/15 | €142,153 | €147,230 | +€5,077 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €123,553 | €128,630 | +€5,077 | +4.1% |
| Distributable reserves | 133 | €123,553 | €128,630 | +€5,077 | +4.1% |
| Amounts payable | 17/49 | €44,985 | €377,788 | +€332,803 | +740% |
| Amounts payable after more than one year | 17 | - | €315,460 | +€315,460 | |
| Financial debts | 170/4 | - | €315,460 | +€315,460 | |
| Amounts payable within one year | 42/48 | €39,985 | €60,528 | +€20,542 | +51.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | €11,916 | +€11,916 | |
| Financial debts | 43 | €0 | €5,880 | +€5,880 | |
| Credit institutions | 430/8 | €0 | €5,880 | +€5,880 | |
| Trade debts | 44 | €32,745 | €19,433 | -€13,312 | -40.7% |
| Suppliers | 440/4 | €32,745 | €19,433 | -€13,312 | -40.7% |
| Taxes, remuneration and social security | 45 | €7,240 | €22,884 | +€15,644 | +216% |
| Taxes | 450/3 | €7,240 | €21,061 | +€13,821 | +191% |
| Remuneration and social security | 454/9 | - | €1,824 | +€1,824 | |
| Other amounts payable | 47/48 | €0 | €415 | +€415 | |
| Accrued charges and deferred income | 492/3 | €5,000 | €1,800 | -€3,200 | -64.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €13,933 | +€13,933 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,539 | €56,947 | +€48,407 | +567% |
| Other operating charges | 640/8 | €1,350 | €1,410 | +€60 | +4.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €67,355 | €84,833 | +€17,479 | +26.0% |
| Operating profit (loss) | 9901 | €57,465 | €12,543 | -€44,922 | -78.2% |
| Financial income | 75/76B | €5,765 | €5,252 | -€513 | -8.9% |
| Recurring financial income | 75 | €5,765 | €5,252 | -€513 | -8.9% |
| Financial charges | 65/66B | €2,631 | €7,455 | +€4,824 | +183% |
| Recurring financial charges | 65 | €2,631 | €7,455 | +€4,824 | +183% |
| Profit (loss) for the period before taxes | 9903 | €60,600 | €10,340 | -€50,260 | -82.9% |
| Income taxes | 67/77 | €13,405 | €5,263 | -€8,142 | -60.7% |
| Profit (loss) for the period | 9904 | €47,195 | €5,077 | -€42,118 | -89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,195 | €5,077 | -€42,118 | -89.2% |
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 24 October 2026 via checked.be.