XPOWER: 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.
XPOWER
Largest movements
- Financial fixed assets +€1.1m
up €1.1m (+7152.8%), from €15,135 to €1.1m
- Receivables within one year -€679,743
down €679,743 (-14.3%), from €4.8m to €4.1m
of which Other amounts receivable: -€1.1m
- Deferred charges and accrued income +€212,947
up €212,947 (+433.8%), from €49,094 to €262,041
- Short-term financial debts +€912,721
new in 2024: €912,721
- Reserves +€842,412
up €842,412 (+22.6%), from €3.7m to €4.6m
of which Distributable reserves: +€845,086
- Current portion of long-term debt -€748,607
down €748,607 (-94.9%), from €788,607 to €40,000
- Trade debts -€276,307
down €276,307 (-25.2%), from €1.1m to €820,956
- Accrued charges and deferred income -€116,303
down €116,303 (-20.8%), from €560,436 to €444,133
- Turnover +€1.1m
up €1.1m (+12.3%), from €8.5m to €9.6m
- Purchases and services +€647,515
up €647,515 (+15.3%), from €4.2m to €4.9m
- Gross operating margin +€385,358
up €385,358 (+7.0%), from €5.5m to €5.9m
- Staff costs +€266,259
up €266,259 (+7.6%), from €3.5m to €3.7m
- Financial charges +€127,490
up €127,490 (+115.1%), from €110,774 to €238,264
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,320,150 | €7,908,472 | +€588,322 | +8.0% |
| Fixed assets | 21/28 | €2,177,373 | €3,279,217 | +€1.1m | +50.6% |
| Intangible fixed assets | 21 | €2,059,611 | €2,125,171 | +€65,560 | +3.2% |
| Tangible fixed assets | 22/27 | €102,627 | €56,308 | -€46,319 | -45.1% |
| Plant, machinery and equipment | 23 | €5,100 | €5,100 | = | 0.0% |
| Furniture and vehicles | 24 | €97,527 | €51,208 | -€46,319 | -47.5% |
| Financial fixed assets | 28 | €15,135 | €1,097,738 | +€1.1m | +7152.8% |
| Current assets | 29/58 | €5,142,777 | €4,629,255 | -€513,522 | -10.0% |
| Stocks and contracts in progress | 3 | €64,685 | €32,896 | -€31,789 | -49.1% |
| Stocks | 30/36 | €64,685 | €32,896 | -€31,789 | -49.1% |
| Amounts receivable within one year | 40/41 | €4,763,520 | €4,083,777 | -€679,743 | -14.3% |
| Trade receivables | 40 | €1,811,275 | €2,238,916 | +€427,641 | +23.6% |
| Other amounts receivable | 41 | €2,952,245 | €1,844,861 | -€1.1m | -37.5% |
| Cash at bank and in hand | 54/58 | €265,478 | €250,541 | -€14,937 | -5.6% |
| Deferred charges and accrued income | 490/1 | €49,094 | €262,041 | +€212,947 | +433.8% |
| Total equity and liabilities | 10/49 | €7,320,150 | €7,908,472 | +€588,322 | +8.0% |
| Equity | 10/15 | €3,808,509 | €4,650,921 | +€842,412 | +22.1% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €3,728,509 | €4,570,921 | +€842,412 | +22.6% |
| Non-distributable reserves | 130/1 | €10,674 | €8,000 | -€2,674 | -25.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Own shares acquired | 1312 | €2,674 | - | -€2,674 | |
| Distributable reserves | 133 | €3,717,835 | €4,562,921 | +€845,086 | +22.7% |
| Amounts payable | 17/49 | €3,511,641 | €3,257,551 | -€254,090 | -7.2% |
| Amounts payable after more than one year | 17 | €86,667 | €46,667 | -€40,000 | -46.2% |
| Financial debts | 170/4 | €86,667 | €46,667 | -€40,000 | -46.2% |
| Amounts payable within one year | 42/48 | €2,864,538 | €2,766,751 | -€97,787 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €788,607 | €40,000 | -€748,607 | -94.9% |
| Financial debts | 43 | - | €912,721 | +€912,721 | |
| Credit institutions | 430/8 | - | €912,721 | +€912,721 | |
| Trade debts | 44 | €1,097,263 | €820,956 | -€276,307 | -25.2% |
| Suppliers | 440/4 | €1,097,263 | €820,956 | -€276,307 | -25.2% |
| Taxes, remuneration and social security | 45 | €778,668 | €838,074 | +€59,406 | +7.6% |
| Taxes | 450/3 | €427,204 | €304,325 | -€122,879 | -28.8% |
| Remuneration and social security | 454/9 | €351,463 | €533,749 | +€182,286 | +51.9% |
| Other amounts payable | 47/48 | €200,000 | €155,000 | -€45,000 | -22.5% |
| Accrued charges and deferred income | 492/3 | €560,436 | €444,133 | -€116,303 | -20.8% |
| Turnover | 70 | €8,545,416 | €9,598,188 | +€1.1m | +12.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,233,766 | €4,881,281 | +€647,515 | +15.3% |
| Remuneration, social security and pensions | 62 | €3,480,735 | €3,746,994 | +€266,259 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €712,788 | €799,288 | +€86,500 | +12.1% |
| Other operating charges | 640/8 | €266,663 | €278,464 | +€11,801 | +4.4% |
| Gross operating margin | 9900 | €5,516,704 | €5,902,062 | +€385,358 | +7.0% |
| Operating profit (loss) | 9901 | €1,056,518 | €1,077,316 | +€20,798 | +2.0% |
| Financial income | 75/76B | €749 | €3,359 | +€2,610 | +348.5% |
| Recurring financial income | 75 | €749 | €3,359 | +€2,610 | +348.5% |
| Financial charges | 65/66B | €110,774 | €238,264 | +€127,490 | +115.1% |
| Recurring financial charges | 65 | €110,774 | €238,264 | +€127,490 | +115.1% |
| Profit (loss) for the period before taxes | 9903 | €946,493 | €842,411 | -€104,082 | -11.0% |
| Profit (loss) for the period | 9904 | €946,493 | €842,411 | -€104,082 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €946,493 | €842,411 | -€104,082 | -11.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.