XPERELEC: 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.
XPERELEC
Largest movements
- Cash -€22,563
down €22,563 (-22.0%), from €102,626 to €80,064
mainly Trade debts (-€47,459) and Debts after one year (-€9,690)
- Receivables within one year -€17,360
down €17,360 (-16.0%), from €108,566 to €91,206
- Trade debts -€47,459
down €47,459 (-38.4%), from €123,581 to €76,122
- Other debts +€12,000
up €12,000 (+34.3%), from €35,000 to €47,000
- Debts after one year -€9,690
down €9,690 (-26.1%), from €37,073 to €27,384
- Profit (loss) carried forward +€3,311
up €3,311 (+173%), from €1,918 to €5,229
- Tax, wage and social debts +€2,317
up €2,317 (+40.0%), from €5,791 to €8,108
of which Remuneration and social security: +€3,848
- Staff costs +€21,902
up €21,902 (+64.7%), from €33,851 to €55,752
- Gross operating margin -€2,108
down €2,108 (-3.2%), from €66,698 to €64,590
- Other operating charges -€1,311
down €1,311 (-78.6%), from €1,668 to €357
- Financial charges +€915
up €915 (+71.2%), from €1,285 to €2,201
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €217,582 | €178,532 | -€39,050 | -17.9% |
| Fixed assets | 21/28 | €4,710 | €3,428 | -€1,282 | -27.2% |
| Tangible fixed assets | 22/27 | €3,333 | €2,051 | -€1,282 | -38.5% |
| Furniture and vehicles | 24 | €3,333 | €2,051 | -€1,282 | -38.5% |
| Financial fixed assets | 28 | €1,377 | €1,377 | = | 0.0% |
| Current assets | 29/58 | €212,872 | €175,104 | -€37,768 | -17.7% |
| Amounts receivable within one year | 40/41 | €108,566 | €91,206 | -€17,360 | -16.0% |
| Trade receivables | 40 | €108,566 | €91,206 | -€17,360 | -16.0% |
| Cash at bank and in hand | 54/58 | €102,626 | €80,064 | -€22,563 | -22.0% |
| Deferred charges and accrued income | 490/1 | €1,679 | €3,834 | +€2,155 | +128% |
| Total equity and liabilities | 10/49 | €217,582 | €178,532 | -€39,050 | -17.9% |
| Equity | 10/15 | €6,918 | €10,229 | +€3,311 | +47.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,918 | €5,229 | +€3,311 | +173% |
| Amounts payable | 17/49 | €210,664 | €168,303 | -€42,361 | -20.1% |
| Amounts payable after more than one year | 17 | €37,073 | €27,384 | -€9,690 | -26.1% |
| Financial debts | 170/4 | €37,073 | €27,384 | -€9,690 | -26.1% |
| Amounts payable within one year | 42/48 | €173,591 | €140,920 | -€32,671 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €9,219 | €9,690 | +€471 | +5.1% |
| Trade debts | 44 | €123,581 | €76,122 | -€47,459 | -38.4% |
| Suppliers | 440/4 | €123,581 | €76,122 | -€47,459 | -38.4% |
| Taxes, remuneration and social security | 45 | €5,791 | €8,108 | +€2,317 | +40.0% |
| Taxes | 450/3 | €5,163 | €3,632 | -€1,531 | -29.7% |
| Remuneration and social security | 454/9 | €628 | €4,476 | +€3,848 | +613% |
| Other amounts payable | 47/48 | €35,000 | €47,000 | +€12,000 | +34.3% |
| Remuneration, social security and pensions | 62 | €33,851 | €55,752 | +€21,902 | +64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,013 | €1,282 | +€269 | +26.5% |
| Other operating charges | 640/8 | €1,668 | €357 | -€1,311 | -78.6% |
| Gross operating margin | 9900 | €66,698 | €64,590 | -€2,108 | -3.2% |
| Operating profit (loss) | 9901 | €30,166 | €7,199 | -€22,967 | -76.1% |
| Financial income | 75/76B | €33 | €0 | -€33 | -100.0% |
| Recurring financial income | 75 | €33 | €0 | -€33 | -100.0% |
| Financial charges | 65/66B | €1,285 | €2,201 | +€915 | +71.2% |
| Recurring financial charges | 65 | €1,285 | €2,201 | +€915 | +71.2% |
| Profit (loss) for the period before taxes | 9903 | €28,914 | €4,999 | -€23,915 | -82.7% |
| Income taxes | 67/77 | €1,996 | €1,688 | -€309 | -15.5% |
| Profit (loss) for the period | 9904 | €26,918 | €3,311 | -€23,606 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,918 | €3,311 | -€23,606 | -87.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.