XPLUS: 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.
XPLUS
Largest movements
- Current investments -€49,404
down €49,404 (-46.8%), from €105,655 to €56,250
- Tangible fixed assets -€30,356
down €30,356 (-7.9%), from €382,976 to €352,620
of which Furniture and vehicles: -€22,748
- Reserves -€37,789
down €37,789 (-9.0%), from €421,186 to €383,397
of which Distributable reserves: -€37,789
- Tax, wage and social debts -€37,690
down €37,690 (-71.2%), from €52,951 to €15,260
- Gross operating margin -€64,158
down €64,158 (-68.0%), from €94,307 to €30,149
- Taxes -€13,431
down €13,431 (-79.2%), from €16,953 to €3,522
- Financial income +€10,673
up €10,673 (+157.1%), from €6,794 to €17,467
of which Non-recurring financial income: +€9,953
- Other operating charges -€3,890
down €3,890 (-67.7%), from €5,747 to €1,857
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 | €558,234 | €474,212 | -€84,022 | -15.1% |
| Fixed assets | 21/28 | €382,976 | €352,620 | -€30,356 | -7.9% |
| Tangible fixed assets | 22/27 | €382,976 | €352,620 | -€30,356 | -7.9% |
| Land and buildings | 22 | €232,278 | €224,961 | -€7,316 | -3.1% |
| Plant, machinery and equipment | 23 | €10,350 | €10,058 | -€292 | -2.8% |
| Furniture and vehicles | 24 | €140,348 | €117,600 | -€22,748 | -16.2% |
| Current assets | 29/58 | €175,258 | €121,592 | -€53,666 | -30.6% |
| Amounts receivable within one year | 40/41 | €298 | €1,868 | +€1,571 | +527.8% |
| Trade receivables | 40 | €298 | €1,868 | +€1,571 | +527.8% |
| Current investments | 50/53 | €105,655 | €56,250 | -€49,404 | -46.8% |
| Cash at bank and in hand | 54/58 | €66,204 | €61,741 | -€4,463 | -6.7% |
| Deferred charges and accrued income | 490/1 | €3,102 | €1,733 | -€1,369 | -44.1% |
| Total equity and liabilities | 10/49 | €558,234 | €474,212 | -€84,022 | -15.1% |
| Equity | 10/15 | €433,586 | €395,797 | -€37,789 | -8.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €421,186 | €383,397 | -€37,789 | -9.0% |
| Tax-exempt reserves | 132 | €7,020 | €7,020 | = | 0.0% |
| Distributable reserves | 133 | €414,167 | €376,378 | -€37,789 | -9.1% |
| Amounts payable | 17/49 | €124,648 | €78,414 | -€46,233 | -37.1% |
| Amounts payable after more than one year | 17 | €16,248 | €12,173 | -€4,075 | -25.1% |
| Financial debts | 170/4 | €16,248 | €12,173 | -€4,075 | -25.1% |
| Amounts payable within one year | 42/48 | €104,107 | €64,872 | -€39,234 | -37.7% |
| Current portion of amounts payable after more than one year | 42 | €4,026 | €4,075 | +€49 | +1.2% |
| Trade debts | 44 | €4,870 | €4,638 | -€233 | -4.8% |
| Suppliers | 440/4 | €4,870 | €4,638 | -€233 | -4.8% |
| Advances received on contracts in progress | 46 | €34,313 | €36,651 | +€2,338 | +6.8% |
| Taxes, remuneration and social security | 45 | €52,951 | €15,260 | -€37,690 | -71.2% |
| Taxes | 450/3 | €52,951 | €15,260 | -€37,690 | -71.2% |
| Other amounts payable | 47/48 | €7,946 | €4,248 | -€3,698 | -46.5% |
| Accrued charges and deferred income | 492/3 | €4,293 | €1,369 | -€2,924 | -68.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,394 | €35,316 | +€922 | +2.7% |
| Other operating charges | 640/8 | €5,747 | €1,857 | -€3,890 | -67.7% |
| Gross operating margin | 9900 | €94,307 | €30,149 | -€64,158 | -68.0% |
| Operating profit (loss) | 9901 | €54,166 | -€7,025 | -€61,191 | |
| Financial income | 75/76B | €6,794 | €17,467 | +€10,673 | +157.1% |
| Recurring financial income | 75 | €357 | €1,077 | +€720 | +201.3% |
| Non-recurring financial income | 76B | €6,437 | €16,390 | +€9,953 | +154.6% |
| Financial charges | 65/66B | €1,541 | €720 | -€820 | -53.3% |
| Recurring financial charges | 65 | €1,541 | €720 | -€820 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €59,420 | €9,722 | -€49,698 | -83.6% |
| Income taxes | 67/77 | €16,953 | €3,522 | -€13,431 | -79.2% |
| Profit (loss) for the period | 9904 | €42,467 | €6,200 | -€36,267 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,467 | €6,200 | -€36,267 | -85.4% |
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 28 September 2026 via checked.be.