XRUN: 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.
XRUN
Largest movements
- Receivables within one year -€9,517
down €9,517 (-75.7%), from €12,567 to €3,050
- Cash -€6,871
down €6,871 (-38.9%), from €17,642 to €10,771
mainly Debts after one year (-€35,767) and Accrued charges and deferred income (-€12,397)
- Tangible fixed assets -€5,667
down €5,667 (-16.0%), from €35,357 to €29,690
of which Other tangible fixed assets: -€5,467
- Stocks and contracts -€5,625
down €5,625 (-4.0%), from €141,890 to €136,266
- Debts after one year -€35,767
down €35,767 (-55.1%), from €64,930 to €29,163
- Trade debts +€22,119
up €22,119 (+76.0%), from €29,117 to €51,237
- Accrued charges and deferred income -€12,397
no longer reported in 2025 (was €12,397)
- Current portion of long-term debt -€9,224
down €9,224 (-34.2%), from €26,938 to €17,715
- Tax, wage and social debts +€6,269
up €6,269 (+53.6%), from €11,686 to €17,955
of which Taxes: +€3,166
- Staff costs +€21,334
up €21,334 (+45.9%), from €46,506 to €67,840
- Write-downs -€8,850
down €8,850 (-28.3%), from €31,250 to €22,400
- Gross operating margin +€7,012
up €7,012 (+7.4%), from €94,515 to €101,528
- Other operating charges -€3,476
down €3,476 (-91.1%), from €3,814 to €339
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 | €212,283 | €182,987 | -€29,295 | -13.8% |
| Formation expenses | 20 | €225 | €23 | -€202 | -89.8% |
| Fixed assets | 21/28 | €39,717 | €32,629 | -€7,088 | -17.8% |
| Intangible fixed assets | 21 | €1,505 | €84 | -€1,421 | -94.4% |
| Tangible fixed assets | 22/27 | €35,357 | €29,690 | -€5,667 | -16.0% |
| Furniture and vehicles | 24 | €287 | €87 | -€200 | -69.7% |
| Other tangible fixed assets | 26 | €35,070 | €29,603 | -€5,467 | -15.6% |
| Financial fixed assets | 28 | €2,855 | €2,855 | = | 0.0% |
| Current assets | 29/58 | €172,341 | €150,336 | -€22,006 | -12.8% |
| Stocks and contracts in progress | 3 | €141,890 | €136,266 | -€5,625 | -4.0% |
| Stocks | 30/36 | €141,890 | €136,266 | -€5,625 | -4.0% |
| Amounts receivable within one year | 40/41 | €12,567 | €3,050 | -€9,517 | -75.7% |
| Trade receivables | 40 | €12,567 | €3,050 | -€9,517 | -75.7% |
| Cash at bank and in hand | 54/58 | €17,642 | €10,771 | -€6,871 | -38.9% |
| Deferred charges and accrued income | 490/1 | €242 | €249 | +€7 | +2.8% |
| Total equity and liabilities | 10/49 | €212,283 | €182,987 | -€29,295 | -13.8% |
| Equity | 10/15 | €65,606 | €66,168 | +€561 | +0.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,606 | €41,168 | +€561 | +1.4% |
| Amounts payable | 17/49 | €146,676 | €116,820 | -€29,857 | -20.4% |
| Amounts payable after more than one year | 17 | €64,930 | €29,163 | -€35,767 | -55.1% |
| Financial debts | 170/4 | €64,930 | €29,163 | -€35,767 | -55.1% |
| Amounts payable within one year | 42/48 | €69,349 | €87,657 | +€18,308 | +26.4% |
| Current portion of amounts payable after more than one year | 42 | €26,938 | €17,715 | -€9,224 | -34.2% |
| Trade debts | 44 | €29,117 | €51,237 | +€22,119 | +76.0% |
| Suppliers | 440/4 | €29,117 | €51,237 | +€22,119 | +76.0% |
| Taxes, remuneration and social security | 45 | €11,686 | €17,955 | +€6,269 | +53.6% |
| Taxes | 450/3 | €1,866 | €5,031 | +€3,166 | +170% |
| Remuneration and social security | 454/9 | €9,820 | €12,924 | +€3,104 | +31.6% |
| Other amounts payable | 47/48 | €1,607 | €750 | -€857 | -53.3% |
| Accrued charges and deferred income | 492/3 | €12,397 | - | -€12,397 | |
| Non-recurring operating income | 76A | - | €42 | +€42 | |
| Remuneration, social security and pensions | 62 | €46,506 | €67,840 | +€21,334 | +45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,394 | €6,083 | -€312 | -4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €31,250 | €22,400 | -€8,850 | -28.3% |
| Other operating charges | 640/8 | €3,814 | €339 | -€3,476 | -91.1% |
| Gross operating margin | 9900 | €94,515 | €101,528 | +€7,012 | +7.4% |
| Operating profit (loss) | 9901 | €6,551 | €4,866 | -€1,685 | -25.7% |
| Financial income | 75/76B | €98 | €52 | -€46 | -47.3% |
| Recurring financial income | 75 | €98 | €52 | -€46 | -47.3% |
| Financial charges | 65/66B | €3,421 | €3,120 | -€301 | -8.8% |
| Recurring financial charges | 65 | €3,421 | €3,120 | -€301 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €3,228 | €1,798 | -€1,430 | -44.3% |
| Income taxes | 67/77 | €1,379 | €1,237 | -€142 | -10.3% |
| Profit (loss) for the period | 9904 | €1,849 | €561 | -€1,288 | -69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,849 | €561 | -€1,288 | -69.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.