XR MANAGEMENT: 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.
XR MANAGEMENT
Largest movements
- Financial fixed assets +€225,000
up €225,000 (+6,194%), from €3,633 to €228,633
- Cash -€10,713
down €10,713 (-71.7%), from €14,938 to €4,225
mainly Investment in fixed assets (net) (-€234,213) and Tax, wage and social debts (-€12,711)
- Debts after one year +€186,881
new in 2024: €186,881
- Current portion of long-term debt +€34,826
new in 2024: €34,826
- Tax, wage and social debts -€12,711
down €12,711 (-33.4%), from €38,002 to €25,290
- Profit (loss) carried forward +€11,006
up €11,006 (+10.3%), from €106,883 to €117,889
- Trade debts -€5,820
down €5,820 (-81.5%), from €7,140 to €1,320
- Financial charges +€16,259
up €16,259 (+2,021%), from €804 to €17,064
- Gross operating margin -€15,903
down €15,903 (-31.4%), from €50,719 to €34,815
- Taxes -€6,941
down €6,941 (-57.5%), from €12,081 to €5,140
- Depreciation +€4,181
up €4,181 (+256%), from €1,633 to €5,815
- Financial income +€1,848
up €1,848 (+49.6%), from €3,725 to €5,573
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.
Derived cash bridge
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 | €166,285 | €382,346 | +€216,062 | +130% |
| Fixed assets | 21/28 | €11,276 | €239,674 | +€228,398 | +2,026% |
| Tangible fixed assets | 22/27 | €7,643 | €11,041 | +€3,398 | +44.5% |
| Furniture and vehicles | 24 | €5,004 | €8,930 | +€3,926 | +78.5% |
| Other tangible fixed assets | 26 | €2,639 | €2,111 | -€528 | -20.0% |
| Financial fixed assets | 28 | €3,633 | €228,633 | +€225,000 | +6,194% |
| Current assets | 29/58 | €155,009 | €142,672 | -€12,336 | -8.0% |
| Amounts receivable within one year | 40/41 | €138,370 | €137,295 | -€1,075 | -0.8% |
| Trade receivables | 40 | €59,801 | €42,350 | -€17,451 | -29.2% |
| Other amounts receivable | 41 | €78,569 | €94,945 | +€16,376 | +20.8% |
| Current investments | 50/53 | €1,600 | - | -€1,600 | |
| Cash at bank and in hand | 54/58 | €14,938 | €4,225 | -€10,713 | -71.7% |
| Deferred charges and accrued income | 490/1 | €101 | €1,153 | +€1,052 | +1,042% |
| Total equity and liabilities | 10/49 | €166,285 | €382,346 | +€216,062 | +130% |
| Equity | 10/15 | €121,143 | €132,149 | +€11,006 | +9.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €106,883 | €117,889 | +€11,006 | +10.3% |
| Amounts payable | 17/49 | €45,142 | €250,198 | +€205,056 | +454% |
| Amounts payable after more than one year | 17 | - | €186,881 | +€186,881 | |
| Financial debts | 170/4 | - | €186,881 | +€186,881 | |
| Amounts payable within one year | 42/48 | €45,142 | €63,316 | +€18,175 | +40.3% |
| Current portion of amounts payable after more than one year | 42 | - | €34,826 | +€34,826 | |
| Trade debts | 44 | €7,140 | €1,320 | -€5,820 | -81.5% |
| Suppliers | 440/4 | €7,140 | €1,320 | -€5,820 | -81.5% |
| Taxes, remuneration and social security | 45 | €38,002 | €25,290 | -€12,711 | -33.4% |
| Taxes | 450/3 | €38,002 | €25,290 | -€12,711 | -33.4% |
| Other amounts payable | 47/48 | - | €1,880 | +€1,880 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,633 | €5,815 | +€4,181 | +256% |
| Other operating charges | 640/8 | €2,851 | €1,365 | -€1,486 | -52.1% |
| Gross operating margin | 9900 | €50,719 | €34,815 | -€15,903 | -31.4% |
| Operating profit (loss) | 9901 | €46,235 | €27,636 | -€18,599 | -40.2% |
| Financial income | 75/76B | €3,725 | €5,573 | +€1,848 | +49.6% |
| Recurring financial income | 75 | €3,725 | €5,573 | +€1,848 | +49.6% |
| Financial charges | 65/66B | €804 | €17,064 | +€16,259 | +2,021% |
| Recurring financial charges | 65 | €804 | €17,064 | +€16,259 | +2,021% |
| Profit (loss) for the period before taxes | 9903 | €49,155 | €16,146 | -€33,010 | -67.2% |
| Income taxes | 67/77 | €12,081 | €5,140 | -€6,941 | -57.5% |
| Profit (loss) for the period | 9904 | €37,074 | €11,006 | -€26,068 | -70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €37,074 | €11,006 | -€26,068 | -70.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.