XRC: 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.
XRC
Largest movements
- Receivables within one year +€5,590
up €5,590 (+46.2%), from €12,090 to €17,679
of which Other amounts receivable: +€3,174
- Stocks and contracts +€2,684
up €2,684 (+297.9%), from €901 to €3,585
- Cash -€1,230
down €1,230 (-14.1%), from €8,756 to €7,525
mainly Receivables within one year (-€5,590) and Tax, wage and social debts (-€3,053)
- Reserves +€6,308
up €6,308 (+50.0%), from €12,611 to €18,919
- Debts after one year +€4,700
new in 2025: €4,700
- Tax, wage and social debts -€3,053
down €3,053 (-48.0%), from €6,359 to €3,306
- Other debts -€1,038
down €1,038 (-92.9%), from €1,118 to €79
- Gross operating margin -€4,200
down €4,200 (-30.3%), from €13,866 to €9,667
- Taxes -€1,180
down €1,180 (-26.3%), from €4,485 to €3,306
- Depreciation -€274
no longer reported in 2025 (was €274)
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.
Cash bridge derived
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 | €21,746 | €28,790 | +€7,044 | +32.4% |
| Current assets | 29/58 | €21,746 | €28,790 | +€7,044 | +32.4% |
| Stocks and contracts in progress | 3 | €901 | €3,585 | +€2,684 | +297.9% |
| Stocks | 30/36 | €901 | €3,585 | +€2,684 | +297.9% |
| Amounts receivable within one year | 40/41 | €12,090 | €17,679 | +€5,590 | +46.2% |
| Trade receivables | 40 | - | €2,416 | +€2,416 | |
| Other amounts receivable | 41 | €12,090 | €15,264 | +€3,174 | +26.3% |
| Cash at bank and in hand | 54/58 | €8,756 | €7,525 | -€1,230 | -14.1% |
| Total equity and liabilities | 10/49 | €21,746 | €28,790 | +€7,044 | +32.4% |
| Equity | 10/15 | €13,611 | €19,919 | +€6,308 | +46.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | - | €1,000 | +€1,000 | |
| Issued capital | 100 | - | €1,000 | +€1,000 | |
| Outside capital | 11 | €1,000 | - | -€1,000 | |
| Other | 1109/19 | €1,000 | - | -€1,000 | |
| Reserves | 13 | €12,611 | €18,919 | +€6,308 | +50.0% |
| Distributable reserves | 133 | €12,611 | €18,919 | +€6,308 | +50.0% |
| Amounts payable | 17/49 | €8,135 | €8,871 | +€736 | +9.0% |
| Amounts payable after more than one year | 17 | - | €4,700 | +€4,700 | |
| Other amounts payable | 178/9 | - | €4,700 | +€4,700 | |
| Amounts payable within one year | 42/48 | €8,135 | €4,171 | -€3,964 | -48.7% |
| Trade debts | 44 | €658 | €786 | +€128 | +19.4% |
| Suppliers | 440/4 | €658 | €786 | +€128 | +19.4% |
| Taxes, remuneration and social security | 45 | €6,359 | €3,306 | -€3,053 | -48.0% |
| Taxes | 450/3 | €6,359 | €3,306 | -€3,053 | -48.0% |
| Other amounts payable | 47/48 | €1,118 | €79 | -€1,038 | -92.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €274 | - | -€274 | |
| Gross operating margin | 9900 | €13,866 | €9,667 | -€4,200 | -30.3% |
| Operating profit (loss) | 9901 | €13,593 | €9,667 | -€3,926 | -28.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €54 | €54 | = | 0.0% |
| Recurring financial charges | 65 | €54 | €54 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €13,539 | €9,613 | -€3,925 | -29.0% |
| Income taxes | 67/77 | €4,485 | €3,306 | -€1,180 | -26.3% |
| Profit (loss) for the period | 9904 | €9,053 | €6,308 | -€2,745 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,053 | €6,308 | -€2,745 | -30.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.