Xpect Immo: 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.
What changed
Xpect Immo
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€76,056
2024 · -€148,216+€72,160
Equity
€1.7m
2024 · €1.8m-€76,056
Cash
€16,797
2024 · €810+€15,987
Balance sheet total
€6.4m
2024 · €5.6m+€768,755
Largest movements
Assets
- Stocks and contracts +€749,124
up €749,124 (+15.3%), from €4.9m to €5.6m
Equity and liabilities
- Other debts +€498,716
up €498,716 (+79.5%), from €627,458 to €1.1m
- Short-term financial debts +€284,171
up €284,171 (+9.1%), from €3.1m to €3.4m
- Reserves -€76,056
down €76,056 (-4.4%), from €1.7m to €1.6m
Income statement
- Depreciation +€119,969
up €119,969 (+3022.3%), from €3,969 to €123,939
- Gross operating margin +€110,151
up €110,151 (+81.4%), from €135,333 to €245,484
- Financial charges -€57,932
down €57,932 (-30.0%), from €193,179 to €135,247
- Staff costs -€25,256
down €25,256 (-43.4%), from €58,213 to €32,957
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.
Result 2024
-€148,216
Gross operating margin
+€110,151
Staff costs
+€25,256
Depreciation
-€119,969
Other operating charges
-€1,334
Financial income
+€139
Financial charges
+€57,932
Taxes
-€15
Result 2025
-€76,056
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.
From operations
-€148,186
Investment
-€119,999
Financing
+€284,171
Cash 2024
€810
From operations (derived)
-€148,186
Net result for the year
-€76,056
Depreciation
+€123,939
Stocks and contracts
-€749,124
Receivables within one year
-€8,088
Smaller working-capital items
+€2,368
Trade debts
+€57,177
Tax, wage and social debts
+€2,883
Other debts
+€498,716
Investment (derived)
-€119,999
Investment in fixed assets (net)
-€119,999
Financing
+€284,171
Short-term financial debts
+€284,171
Cash 2025
€16,797
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,622,576 | €6,391,331 | +€768,755 | +13.7% |
| Fixed assets | 21/28 | €94,580 | €90,640 | -€3,940 | -4.2% |
| Tangible fixed assets | 22/27 | €94,580 | €90,640 | -€3,940 | -4.2% |
| Land and buildings | 22 | €93,600 | €90,400 | -€3,200 | -3.4% |
| Furniture and vehicles | 24 | €980 | €240 | -€740 | -75.5% |
| Current assets | 29/58 | €5,527,996 | €6,300,691 | +€772,694 | +14.0% |
| Stocks and contracts in progress | 3 | €4,893,699 | €5,642,822 | +€749,124 | +15.3% |
| Stocks | 30/36 | €4,893,699 | €5,642,822 | +€749,124 | +15.3% |
| Amounts receivable within one year | 40/41 | €627,483 | €635,571 | +€8,088 | +1.3% |
| Trade receivables | 40 | €0 | €80 | +€80 | |
| Other amounts receivable | 41 | €627,483 | €635,492 | +€8,009 | +1.3% |
| Cash at bank and in hand | 54/58 | €810 | €16,797 | +€15,987 | +1973.1% |
| Deferred charges and accrued income | 490/1 | €6,005 | €5,501 | -€504 | -8.4% |
| Total equity and liabilities | 10/49 | €5,622,576 | €6,391,331 | +€768,755 | +13.7% |
| Equity | 10/15 | €1,822,522 | €1,746,466 | -€76,056 | -4.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,722,522 | €1,646,466 | -€76,056 | -4.4% |
| Distributable reserves | 133 | €1,722,522 | €1,646,466 | -€76,056 | -4.4% |
| Amounts payable | 17/49 | €3,800,054 | €4,644,865 | +€844,811 | +22.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €3,800,054 | €4,643,002 | +€842,947 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €3,128,135 | €3,412,306 | +€284,171 | +9.1% |
| Credit institutions | 430/8 | €3,128,135 | €3,412,306 | +€284,171 | +9.1% |
| Trade debts | 44 | €33,892 | €91,069 | +€57,177 | +168.7% |
| Suppliers | 440/4 | €33,892 | €91,069 | +€57,177 | +168.7% |
| Taxes, remuneration and social security | 45 | €10,570 | €13,453 | +€2,883 | +27.3% |
| Taxes | 450/3 | €2,451 | €6,183 | +€3,732 | +152.3% |
| Remuneration and social security | 454/9 | €8,119 | €7,270 | -€849 | -10.5% |
| Other amounts payable | 47/48 | €627,458 | €1,126,174 | +€498,716 | +79.5% |
| Accrued charges and deferred income | 492/3 | €0 | €1,863 | +€1,863 | |
| Non-recurring operating income | 76A | €88,882 | €2,956 | -€85,925 | -96.7% |
| Remuneration, social security and pensions | 62 | €58,213 | €32,957 | -€25,256 | -43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,969 | €123,939 | +€119,969 | +3022.3% |
| Other operating charges | 640/8 | €28,031 | €29,365 | +€1,334 | +4.8% |
| Gross operating margin | 9900 | €135,333 | €245,484 | +€110,151 | +81.4% |
| Operating profit (loss) | 9901 | €45,120 | €59,223 | +€14,104 | +31.3% |
| Financial income | 75/76B | €4 | €143 | +€139 | +3588.1% |
| Recurring financial income | 75 | €4 | €143 | +€139 | +3588.1% |
| Financial charges | 65/66B | €193,179 | €135,247 | -€57,932 | -30.0% |
| Recurring financial charges | 65 | €193,179 | €135,247 | -€57,932 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | -€148,056 | -€75,881 | +€72,175 | +48.7% |
| Income taxes | 67/77 | €160 | €175 | +€15 | +9.2% |
| Profit (loss) for the period | 9904 | -€148,216 | -€76,056 | +€72,160 | +48.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€148,216 | -€76,056 | +€72,160 | +48.7% |
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 7 October 2026 via checked.be.