XPS: 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.
XPS
Largest movements
- Current investments +€515,260
up €515,260 (+52.6%), from €980,358 to €1.5m
- Cash -€128,070
down €128,070 (-24.1%), from €530,944 to €402,874
mainly Current investments (-€515,260) and Tax, wage and social debts (-€19,772)
- Receivables within one year -€101,056
down €101,056 (-34.7%), from €290,983 to €189,927
- Reserves +€294,218
up €294,218 (+13.8%), from €2.1m to €2.4m
- Gross operating margin -€72,634
down €72,634 (-14.1%), from €513,368 to €440,734
- Taxes -€20,204
down €20,204 (-13.4%), from €150,812 to €130,607
- Financial income +€18,359
up €18,359 (+980%), from €1,873 to €20,231
- Financial charges +€8,259
up €8,259, from -€8,186 to €73
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 | €2,234,646 | €2,510,205 | +€275,559 | +12.3% |
| Fixed assets | 21/28 | €430,296 | €419,540 | -€10,757 | -2.5% |
| Tangible fixed assets | 22/27 | €430,296 | €419,540 | -€10,757 | -2.5% |
| Land and buildings | 22 | €390,612 | €390,612 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,103 | €1,498 | -€605 | -28.7% |
| Furniture and vehicles | 24 | €37,581 | €27,429 | -€10,152 | -27.0% |
| Current assets | 29/58 | €1,804,350 | €2,090,666 | +€286,316 | +15.9% |
| Amounts receivable within one year | 40/41 | €290,983 | €189,927 | -€101,056 | -34.7% |
| Trade receivables | 40 | €290,983 | €189,927 | -€101,056 | -34.7% |
| Current investments | 50/53 | €980,358 | €1,495,618 | +€515,260 | +52.6% |
| Cash at bank and in hand | 54/58 | €530,944 | €402,874 | -€128,070 | -24.1% |
| Deferred charges and accrued income | 490/1 | €2,065 | €2,246 | +€182 | +8.8% |
| Total equity and liabilities | 10/49 | €2,234,646 | €2,510,205 | +€275,559 | +12.3% |
| Equity | 10/15 | €2,138,590 | €2,432,808 | +€294,218 | +13.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,132,390 | €2,426,608 | +€294,218 | +13.8% |
| Distributable reserves | 133 | €2,132,390 | €2,426,608 | +€294,218 | +13.8% |
| Amounts payable | 17/49 | €96,056 | €77,397 | -€18,659 | -19.4% |
| Amounts payable within one year | 42/48 | €93,955 | €75,229 | -€18,726 | -19.9% |
| Trade debts | 44 | €1,249 | €3,609 | +€2,360 | +189% |
| Suppliers | 440/4 | €1,249 | €3,609 | +€2,360 | +189% |
| Taxes, remuneration and social security | 45 | €76,752 | €56,979 | -€19,772 | -25.8% |
| Taxes | 450/3 | €73,045 | €53,249 | -€19,796 | -27.1% |
| Remuneration and social security | 454/9 | €3,706 | €3,730 | +€24 | +0.7% |
| Other amounts payable | 47/48 | €15,955 | €14,640 | -€1,315 | -8.2% |
| Accrued charges and deferred income | 492/3 | €2,101 | €2,168 | +€67 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,867 | €12,855 | -€12 | -0.1% |
| Other operating charges | 640/8 | €18,266 | €23,211 | +€4,944 | +27.1% |
| Gross operating margin | 9900 | €513,368 | €440,734 | -€72,634 | -14.1% |
| Operating profit (loss) | 9901 | €482,235 | €404,668 | -€77,567 | -16.1% |
| Financial income | 75/76B | €1,873 | €20,231 | +€18,359 | +980% |
| Recurring financial income | 75 | €1,873 | €20,231 | +€18,359 | +980% |
| Financial charges | 65/66B | -€8,186 | €73 | +€8,259 | |
| Recurring financial charges | 65 | -€8,186 | €73 | +€8,259 | |
| Profit (loss) for the period before taxes | 9903 | €492,293 | €424,826 | -€67,467 | -13.7% |
| Income taxes | 67/77 | €150,812 | €130,607 | -€20,204 | -13.4% |
| Profit (loss) for the period | 9904 | €341,482 | €294,218 | -€47,263 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €341,482 | €294,218 | -€47,263 | -13.8% |
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 15 October 2026 via checked.be.