XPO.WORLD: 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.
XPO.WORLD
Largest movements
- Cash +€629,535
up €629,535 (+406%), from €155,106 to €784,641
mainly Receivables within one year (+€593,460) and Trade debts (+€411,838)
- Receivables within one year -€593,460
down €593,460 (-42.7%), from €1.4m to €796,512
of which Trade receivables: -€693,951
- Deferred charges and accrued income -€226,499
down €226,499 (-64.9%), from €349,188 to €122,689
- Tangible fixed assets +€127,301
up €127,301 (+64.0%), from €199,044 to €326,345
of which Plant, machinery and equipment: +€70,167
- Accrued charges and deferred income -€694,488
no longer reported in 2025 (was €694,488)
- Trade debts +€411,838
up €411,838 (+92.3%), from €446,242 to €858,080
- Reserves +€195,722
up €195,722 (+76.3%), from €256,559 to €452,280
of which Distributable reserves: +€195,745
- Tax, wage and social debts +€42,854
up €42,854 (+1,704%), from €2,515 to €45,369
- Other debts -€35,339
down €35,339 (-98.3%), from €35,951 to €612
- Gross operating margin +€256,503
up €256,503 (+20.3%), from €1.3m to €1.5m
- Taxes +€68,012
up €68,012 (+176%), from €38,551 to €106,563
- Staff costs -€57,857
down €57,857 (-6.2%), from €930,355 to €872,498
- Depreciation +€28,878
up €28,878 (+45.7%), from €63,199 to €92,077
- Other operating charges +€25,621
up €25,621 (+340%), from €7,545 to €33,166
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 | €2,093,310 | €2,030,186 | -€63,124 | -3.0% |
| Fixed assets | 21/28 | €199,044 | €326,345 | +€127,301 | +64.0% |
| Tangible fixed assets | 22/27 | €199,044 | €326,345 | +€127,301 | +64.0% |
| Plant, machinery and equipment | 23 | €71,117 | €141,284 | +€70,167 | +98.7% |
| Furniture and vehicles | 24 | €127,927 | €185,061 | +€57,134 | +44.7% |
| Current assets | 29/58 | €1,894,266 | €1,703,841 | -€190,425 | -10.1% |
| Amounts receivable within one year | 40/41 | €1,389,972 | €796,512 | -€593,460 | -42.7% |
| Trade receivables | 40 | €1,389,972 | €696,021 | -€693,951 | -49.9% |
| Other amounts receivable | 41 | - | €100,491 | +€100,491 | |
| Cash at bank and in hand | 54/58 | €155,106 | €784,641 | +€629,535 | +406% |
| Deferred charges and accrued income | 490/1 | €349,188 | €122,689 | -€226,499 | -64.9% |
| Total equity and liabilities | 10/49 | €2,093,310 | €2,030,186 | -€63,124 | -3.0% |
| Equity | 10/15 | €258,046 | €453,768 | +€195,722 | +75.8% |
| Contributions | 10/11 | €1,487 | €1,487 | = | 0.0% |
| Reserves | 13 | €256,559 | €452,280 | +€195,722 | +76.3% |
| Non-distributable reserves | 130/1 | €23 | - | -€23 | |
| Reserves not available under the articles | 1311 | €23 | - | -€23 | |
| Distributable reserves | 133 | €256,535 | €452,280 | +€195,745 | +76.3% |
| Provisions and deferred taxes | 16 | €85,668 | €85,668 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €85,668 | €85,668 | = | 0.0% |
| Other liabilities and charges | 164/5 | €85,668 | €85,668 | = | 0.0% |
| Amounts payable | 17/49 | €1,749,596 | €1,490,750 | -€258,846 | -14.8% |
| Amounts payable after more than one year | 17 | €513,979 | €511,336 | -€2,644 | -0.5% |
| Financial debts | 170/4 | €513,979 | €511,336 | -€2,644 | -0.5% |
| Amounts payable within one year | 42/48 | €541,129 | €979,415 | +€438,286 | +81.0% |
| Current portion of amounts payable after more than one year | 42 | €56,421 | €75,353 | +€18,932 | +33.6% |
| Trade debts | 44 | €446,242 | €858,080 | +€411,838 | +92.3% |
| Suppliers | 440/4 | €446,242 | €858,080 | +€411,838 | +92.3% |
| Taxes, remuneration and social security | 45 | €2,515 | €45,369 | +€42,854 | +1,704% |
| Remuneration and social security | 454/9 | €2,515 | €45,369 | +€42,854 | +1,704% |
| Other amounts payable | 47/48 | €35,951 | €612 | -€35,339 | -98.3% |
| Accrued charges and deferred income | 492/3 | €694,488 | - | -€694,488 | |
| Non-recurring operating income | 76A | €1,573 | €1,741 | +€168 | +10.7% |
| Remuneration, social security and pensions | 62 | €930,355 | €872,498 | -€57,857 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,199 | €92,077 | +€28,878 | +45.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€16,703 | -€16,703 | |
| Other operating charges | 640/8 | €7,545 | €33,166 | +€25,621 | +340% |
| Non-recurring operating charges | 66A | - | €224,716 | +€224,716 | |
| Gross operating margin | 9900 | €1,262,891 | €1,519,394 | +€256,503 | +20.3% |
| Operating profit (loss) | 9901 | €261,792 | €313,639 | +€51,847 | +19.8% |
| Financial income | 75/76B | €1,182 | €240 | -€942 | -79.7% |
| Recurring financial income | 75 | €1,182 | €240 | -€942 | -79.7% |
| Financial charges | 65/66B | €13,971 | €11,594 | -€2,377 | -17.0% |
| Recurring financial charges | 65 | €13,971 | €11,594 | -€2,377 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €249,003 | €302,284 | +€53,281 | +21.4% |
| Income taxes | 67/77 | €38,551 | €106,563 | +€68,012 | +176% |
| Profit (loss) for the period | 9904 | €210,452 | €195,722 | -€14,730 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €210,452 | €195,722 | -€14,730 | -7.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.