Xpedico: 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.
Xpedico
Largest movements
- Cash +€17,466
up €17,466 (+152%), from €11,521 to €28,987
mainly Net result for the year (+€17,298) and Deferred charges and accrued income (+€2,729)
- Receivables within one year +€3,108
up €3,108 (+15.1%), from €20,524 to €23,632
of which Trade receivables: +€2,842
- Deferred charges and accrued income -€2,729
down €2,729 (-42.0%), from €6,491 to €3,762
- Tangible fixed assets -€1,149
down €1,149 (-36.4%), from €3,160 to €2,011
of which Furniture and vehicles: -€777
- Reserves +€17,298
up €17,298 (+67.3%), from €25,710 to €43,009
- Accrued charges and deferred income +€1,750
up €1,750 (+33.9%), from €5,167 to €6,917
- Trade debts -€1,276
down €1,276 (-47.9%), from €2,663 to €1,387
- Other debts -€979
down €979 (-19.5%), from €5,022 to €4,043
- Gross operating margin +€7,853
up €7,853 (+44.5%), from €17,664 to €25,516
- Taxes +€1,035
up €1,035 (+25.1%), from €4,129 to €5,164
- Other operating charges +€455
up €455 (+385%), from €118 to €573
- Depreciation -€271
down €271 (-19.1%), from €1,420 to €1,149
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 | €41,696 | €58,391 | +€16,695 | +40.0% |
| Fixed assets | 21/28 | €3,160 | €2,011 | -€1,149 | -36.4% |
| Tangible fixed assets | 22/27 | €3,160 | €2,011 | -€1,149 | -36.4% |
| Plant, machinery and equipment | 23 | €895 | €524 | -€371 | -41.5% |
| Furniture and vehicles | 24 | €2,264 | €1,487 | -€777 | -34.3% |
| Current assets | 29/58 | €38,536 | €56,380 | +€17,844 | +46.3% |
| Amounts receivable within one year | 40/41 | €20,524 | €23,632 | +€3,108 | +15.1% |
| Trade receivables | 40 | €20,112 | €22,954 | +€2,842 | +14.1% |
| Other amounts receivable | 41 | €411 | €677 | +€266 | +64.6% |
| Cash at bank and in hand | 54/58 | €11,521 | €28,987 | +€17,466 | +152% |
| Deferred charges and accrued income | 490/1 | €6,491 | €3,762 | -€2,729 | -42.0% |
| Total equity and liabilities | 10/49 | €41,696 | €58,391 | +€16,695 | +40.0% |
| Equity | 10/15 | €28,710 | €46,009 | +€17,298 | +60.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €25,710 | €43,009 | +€17,298 | +67.3% |
| Distributable reserves | 133 | €25,710 | €43,009 | +€17,298 | +67.3% |
| Amounts payable | 17/49 | €12,985 | €12,383 | -€603 | -4.6% |
| Amounts payable within one year | 42/48 | €7,818 | €5,465 | -€2,353 | -30.1% |
| Financial debts | 43 | €38 | €35 | -€3 | -7.4% |
| Credit institutions | 430/8 | €38 | €35 | -€3 | -7.4% |
| Trade debts | 44 | €2,663 | €1,387 | -€1,276 | -47.9% |
| Suppliers | 440/4 | €2,663 | €1,387 | -€1,276 | -47.9% |
| Taxes, remuneration and social security | 45 | €95 | - | -€95 | |
| Taxes | 450/3 | €95 | - | -€95 | |
| Other amounts payable | 47/48 | €5,022 | €4,043 | -€979 | -19.5% |
| Accrued charges and deferred income | 492/3 | €5,167 | €6,917 | +€1,750 | +33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,420 | €1,149 | -€271 | -19.1% |
| Other operating charges | 640/8 | €118 | €573 | +€455 | +385% |
| Gross operating margin | 9900 | €17,664 | €25,516 | +€7,853 | +44.5% |
| Operating profit (loss) | 9901 | €16,126 | €23,795 | +€7,669 | +47.6% |
| Financial charges | 65/66B | €1,579 | €1,333 | -€245 | -15.5% |
| Recurring financial charges | 65 | €1,579 | €1,333 | -€245 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €14,547 | €22,462 | +€7,914 | +54.4% |
| Income taxes | 67/77 | €4,129 | €5,164 | +€1,035 | +25.1% |
| Profit (loss) for the period | 9904 | €10,419 | €17,298 | +€6,879 | +66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,419 | €17,298 | +€6,879 | +66.0% |
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.