XS CONSULT: 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.
XS CONSULT
Largest movements
- Financial fixed assets +€42,667
up €42,667 (+9.7%), from €439,054 to €481,721
- Receivables within one year -€14,198
no longer reported in 2025 (was €14,198)
- Other debts +€102,318
up €102,318 (+207%), from €49,475 to €151,794
- Profit (loss) carried forward -€54,735
no longer reported in 2025 (was €54,735)
- Reserves -€25,260
down €25,260 (-16.6%), from €152,221 to €126,961
of which Tax-exempt reserves: -€25,260
- Tax, wage and social debts -€7,698
down €7,698 (-24.2%), from €31,805 to €24,107
of which Taxes: -€7,698
- Current portion of long-term debt +€5,633
up €5,633 (+11.2%), from €50,222 to €55,855
- Financial charges +€15,444
up €15,444 (+173%), from €8,918 to €24,362
- Gross operating margin -€14,738
down €14,738 (-10.2%), from €144,218 to €129,479
- Taxes -€14,318
down €14,318 (-34.9%), from €40,976 to €26,657
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 | €458,243 | €484,871 | +€26,628 | +5.8% |
| Fixed assets | 21/28 | €444,018 | €484,705 | +€40,686 | +9.2% |
| Tangible fixed assets | 22/27 | €4,964 | €2,984 | -€1,980 | -39.9% |
| Plant, machinery and equipment | 23 | €4,964 | €2,984 | -€1,980 | -39.9% |
| Financial fixed assets | 28 | €439,054 | €481,721 | +€42,667 | +9.7% |
| Current assets | 29/58 | €14,224 | €166 | -€14,058 | -98.8% |
| Amounts receivable within one year | 40/41 | €14,198 | - | -€14,198 | |
| Trade receivables | 40 | €14,198 | - | -€14,198 | |
| Cash at bank and in hand | 54/58 | €26 | €166 | +€140 | +538% |
| Total equity and liabilities | 10/49 | €458,243 | €484,871 | +€26,628 | +5.8% |
| Equity | 10/15 | €225,556 | €145,561 | -€79,995 | -35.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €152,221 | €126,961 | -€25,260 | -16.6% |
| Tax-exempt reserves | 132 | €32,221 | €6,961 | -€25,260 | -78.4% |
| Distributable reserves | 133 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,735 | - | -€54,735 | |
| Amounts payable | 17/49 | €232,687 | €339,310 | +€106,623 | +45.8% |
| Amounts payable after more than one year | 17 | €97,873 | €101,221 | +€3,348 | +3.4% |
| Financial debts | 170/4 | €97,873 | €101,221 | +€3,348 | +3.4% |
| Amounts payable within one year | 42/48 | €134,814 | €235,398 | +€100,585 | +74.6% |
| Current portion of amounts payable after more than one year | 42 | €50,222 | €55,855 | +€5,633 | +11.2% |
| Financial debts | 43 | €1,421 | €1,533 | +€112 | +7.9% |
| Credit institutions | 430/8 | €1,421 | €1,533 | +€112 | +7.9% |
| Trade debts | 44 | €1,890 | €2,109 | +€220 | +11.6% |
| Suppliers | 440/4 | €1,890 | €2,109 | +€220 | +11.6% |
| Taxes, remuneration and social security | 45 | €31,805 | €24,107 | -€7,698 | -24.2% |
| Taxes | 450/3 | €31,805 | €24,107 | -€7,698 | -24.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €49,475 | €151,794 | +€102,318 | +207% |
| Accrued charges and deferred income | 492/3 | - | €2,690 | +€2,690 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,180 | €1,980 | -€200 | -9.2% |
| Other operating charges | 640/8 | €1,563 | €1,904 | +€341 | +21.8% |
| Gross operating margin | 9900 | €144,218 | €129,479 | -€14,738 | -10.2% |
| Operating profit (loss) | 9901 | €140,475 | €125,595 | -€14,879 | -10.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €8,918 | €24,362 | +€15,444 | +173% |
| Recurring financial charges | 65 | €8,918 | €24,362 | +€15,444 | +173% |
| Profit (loss) for the period before taxes | 9903 | €131,556 | €101,234 | -€30,323 | -23.0% |
| Income taxes | 67/77 | €40,976 | €26,657 | -€14,318 | -34.9% |
| Profit (loss) for the period | 9904 | €90,581 | €74,576 | -€16,004 | -17.7% |
| Transfer from tax-exempt reserves | 789 | €31,154 | €25,260 | -€5,894 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €121,735 | €99,836 | -€21,898 | -18.0% |
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 21 October 2026 via checked.be.