XRAY Holding: 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.
XRAY Holding
Largest movements
- Cash -€122,915
down €122,915 (-78.5%), from €156,512 to €33,597
mainly Debts after one year (-€125,491) and Receivables after one year (-€28,334)
- Receivables after one year +€28,334
new in 2025: €28,334
- Receivables within one year +€3,876
up €3,876 (+70.5%), from €5,495 to €9,371
of which Other amounts receivable: +€3,276
- Debts after one year -€125,491
down €125,491 (-100%), from €125,491 to €0
- Reserves +€29,191
up €29,191 (+211%), from €13,859 to €43,051
- Tax, wage and social debts +€5,486
up €5,486 (+60.3%), from €9,102 to €14,588
- Taxes +€5,415
up €5,415 (+58.9%), from €9,192 to €14,606
- Gross operating margin +€5,209
up €5,209 (+13.1%), from €39,889 to €45,098
- Financial charges -€1,696
down €1,696 (-58.3%), from €2,912 to €1,215
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 | €162,007 | €71,434 | -€90,573 | -55.9% |
| Current assets | 29/58 | €162,007 | €71,434 | -€90,573 | -55.9% |
| Amounts receivable after more than one year | 29 | - | €28,334 | +€28,334 | |
| Other amounts receivable | 291 | - | €28,334 | +€28,334 | |
| Amounts receivable within one year | 40/41 | €5,495 | €9,371 | +€3,876 | +70.5% |
| Trade receivables | 40 | - | €600 | +€600 | |
| Other amounts receivable | 41 | €5,495 | €8,771 | +€3,276 | +59.6% |
| Cash at bank and in hand | 54/58 | €156,512 | €33,597 | -€122,915 | -78.5% |
| Deferred charges and accrued income | 490/1 | €0 | €131 | +€131 | |
| Total equity and liabilities | 10/49 | €162,007 | €71,434 | -€90,573 | -55.9% |
| Equity | 10/15 | €26,359 | €55,551 | +€29,191 | +111% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €13,859 | €43,051 | +€29,191 | +211% |
| Distributable reserves | 133 | €13,859 | €43,051 | +€29,191 | +211% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €135,648 | €15,884 | -€119,764 | -88.3% |
| Amounts payable after more than one year | 17 | €125,491 | €0 | -€125,491 | -100% |
| Financial debts | 170/4 | €125,491 | €0 | -€125,491 | -100% |
| Amounts payable within one year | 42/48 | €10,157 | €15,884 | +€5,726 | +56.4% |
| Trade debts | 44 | €1,056 | €1,296 | +€240 | +22.8% |
| Suppliers | 440/4 | €1,056 | €1,296 | +€240 | +22.8% |
| Taxes, remuneration and social security | 45 | €9,102 | €14,588 | +€5,486 | +60.3% |
| Taxes | 450/3 | €9,102 | €14,588 | +€5,486 | +60.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €39,889 | €45,098 | +€5,209 | +13.1% |
| Operating profit (loss) | 9901 | €39,383 | €44,578 | +€5,194 | +13.2% |
| Financial income | 75/76B | €568 | €435 | -€133 | -23.4% |
| Recurring financial income | 75 | €568 | €435 | -€133 | -23.4% |
| Financial charges | 65/66B | €2,912 | €1,215 | -€1,696 | -58.3% |
| Recurring financial charges | 65 | €2,912 | €1,215 | -€1,696 | -58.3% |
| Profit (loss) for the period before taxes | 9903 | €37,040 | €43,798 | +€6,758 | +18.2% |
| Income taxes | 67/77 | €9,192 | €14,606 | +€5,415 | +58.9% |
| Profit (loss) for the period | 9904 | €27,848 | €29,191 | +€1,343 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,848 | €29,191 | +€1,343 | +4.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.