XRGS: 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.
XRGS
Largest movements
- Receivables within one year +€98,558
up €98,558 (+91.1%), from €108,223 to €206,781
of which Other amounts receivable: +€85,720
- Tangible fixed assets +€12,482
up €12,482 (+13.6%), from €91,739 to €104,222
of which Leasing and similar rights: +€39,592
- Cash -€10,657
down €10,657 (-45.4%), from €23,491 to €12,834
mainly Receivables within one year (-€98,558) and Investment in fixed assets (net) (-€50,559)
- Tax, wage and social debts +€48,976
up €48,976 (+879%), from €5,571 to €54,547
of which Taxes: +€48,957
- Advances received +€16,179
up €16,179 (+1,313%), from €1,232 to €17,411
- Profit (loss) carried forward +€14,433
up €14,433 (+12.0%), from -€119,971 to -€105,538
- Trade debts +€11,684
up €11,684 (+22.5%), from €51,922 to €63,606
- Current portion of long-term debt +€9,896
up €9,896 (+34.0%), from €29,140 to €39,037
- Taxes +€68,185
up €68,185 (+92,068%), from €74 to €68,259
- Depreciation +€14,499
up €14,499 (+61.5%), from €23,577 to €38,077
- Other operating charges -€9,481
down €9,481 (-74.2%), from €12,778 to €3,297
- Gross operating margin -€9,409
down €9,409 (-6.1%), from €153,098 to €143,689
- Staff costs -€1,816
down €1,816 (-12.5%), from €14,569 to €12,752
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 | €227,274 | €329,522 | +€102,248 | +45.0% |
| Fixed assets | 21/28 | €92,059 | €104,542 | +€12,482 | +13.6% |
| Tangible fixed assets | 22/27 | €91,739 | €104,222 | +€12,482 | +13.6% |
| Land and buildings | 22 | €57,469 | €38,319 | -€19,151 | -33.3% |
| Furniture and vehicles | 24 | €31,587 | €24,523 | -€7,065 | -22.4% |
| Leasing and similar rights | 25 | - | €39,592 | +€39,592 | |
| Other tangible fixed assets | 26 | €2,683 | €1,789 | -€894 | -33.3% |
| Financial fixed assets | 28 | €320 | €320 | = | 0.0% |
| Current assets | 29/58 | €135,214 | €224,980 | +€89,766 | +66.4% |
| Amounts receivable within one year | 40/41 | €108,223 | €206,781 | +€98,558 | +91.1% |
| Trade receivables | 40 | €26,329 | €39,167 | +€12,838 | +48.8% |
| Other amounts receivable | 41 | €81,894 | €167,614 | +€85,720 | +105% |
| Cash at bank and in hand | 54/58 | €23,491 | €12,834 | -€10,657 | -45.4% |
| Deferred charges and accrued income | 490/1 | €3,500 | €5,365 | +€1,865 | +53.3% |
| Total equity and liabilities | 10/49 | €227,274 | €329,522 | +€102,248 | +45.0% |
| Equity | 10/15 | -€95,838 | -€81,405 | +€14,433 | +15.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €5,541 | €5,541 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €3,681 | €3,681 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€119,971 | -€105,538 | +€14,433 | +12.0% |
| Provisions and deferred taxes | 16 | €160,000 | €160,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €160,000 | €160,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €160,000 | €160,000 | = | 0.0% |
| Amounts payable | 17/49 | €163,112 | €250,927 | +€87,815 | +53.8% |
| Amounts payable after more than one year | 17 | €73,360 | €74,634 | +€1,273 | +1.7% |
| Financial debts | 170/4 | €73,360 | €74,634 | +€1,273 | +1.7% |
| Amounts payable within one year | 42/48 | €87,865 | €174,601 | +€86,735 | +98.7% |
| Current portion of amounts payable after more than one year | 42 | €29,140 | €39,037 | +€9,896 | +34.0% |
| Trade debts | 44 | €51,922 | €63,606 | +€11,684 | +22.5% |
| Suppliers | 440/4 | €51,922 | €63,606 | +€11,684 | +22.5% |
| Advances received on contracts in progress | 46 | €1,232 | €17,411 | +€16,179 | +1,313% |
| Taxes, remuneration and social security | 45 | €5,571 | €54,547 | +€48,976 | +879% |
| Taxes | 450/3 | €4,205 | €53,163 | +€48,957 | +1,164% |
| Remuneration and social security | 454/9 | €1,366 | €1,385 | +€19 | +1.4% |
| Accrued charges and deferred income | 492/3 | €1,886 | €1,693 | -€194 | -10.3% |
| Remuneration, social security and pensions | 62 | €14,569 | €12,752 | -€1,816 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,577 | €38,077 | +€14,499 | +61.5% |
| Other operating charges | 640/8 | €12,778 | €3,297 | -€9,481 | -74.2% |
| Gross operating margin | 9900 | €153,098 | €143,689 | -€9,409 | -6.1% |
| Operating profit (loss) | 9901 | €102,174 | €89,564 | -€12,611 | -12.3% |
| Financial income | 75/76B | €385 | €174 | -€211 | -54.8% |
| Recurring financial income | 75 | €385 | €174 | -€211 | -54.8% |
| Financial charges | 65/66B | €5,761 | €7,045 | +€1,284 | +22.3% |
| Recurring financial charges | 65 | €5,761 | €7,045 | +€1,284 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €96,798 | €82,693 | -€14,105 | -14.6% |
| Income taxes | 67/77 | €74 | €68,259 | +€68,185 | +92,068% |
| Profit (loss) for the period | 9904 | €96,724 | €14,433 | -€82,290 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €96,724 | €14,433 | -€82,290 | -85.1% |
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 23 October 2026 via checked.be.