XS EVENT & CONCEPT: 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 EVENT & CONCEPT
Largest movements
- Tangible fixed assets -€15,990
down €15,990 (-55.9%), from €28,581 to €12,590
of which Furniture and vehicles: -€10,085
- Receivables within one year -€12,597
down €12,597 (-48.7%), from €25,841 to €13,244
of which Trade receivables: -€11,748
- Cash -€11,365
down €11,365 (-56.7%), from €20,041 to €8,676
- Other debts -€21,652
down €21,652 (-51.1%), from €42,406 to €20,753
- Profit (loss) carried forward -€12,564
down €12,564 (-40.6%), from -€30,948 to -€43,513
- Tax, wage and social debts -€5,177
down €5,177 (-91.4%), from €5,664 to €488
of which Taxes: -€5,039
- Trade debts -€2,490
down €2,490 (-54.8%), from €4,548 to €2,058
- Advances received +€1,742
new in 2025: €1,742
- Gross operating margin -€8,675
down €8,675 (-50.6%), from €17,151 to €8,476
- Financial charges +€7,694
up €7,694 (+764%), from €1,008 to €8,702
of which Non-recurring financial charges: +€7,866
- Depreciation +€2,477
up €2,477 (+44.2%), from €5,607 to €8,084
- Staff costs -€764
no longer reported in 2025 (was €764)
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,653 | €34,511 | -€40,142 | -53.8% |
| Fixed assets | 21/28 | €28,581 | €12,590 | -€15,990 | -55.9% |
| Tangible fixed assets | 22/27 | €28,581 | €12,590 | -€15,990 | -55.9% |
| Land and buildings | 22 | €2,326 | €1,321 | -€1,005 | -43.2% |
| Plant, machinery and equipment | 23 | €6,823 | €1,923 | -€4,900 | -71.8% |
| Furniture and vehicles | 24 | €19,431 | €9,346 | -€10,085 | -51.9% |
| Current assets | 29/58 | €46,072 | €21,921 | -€24,151 | -52.4% |
| Amounts receivable within one year | 40/41 | €25,841 | €13,244 | -€12,597 | -48.7% |
| Trade receivables | 40 | €24,320 | €12,572 | -€11,748 | -48.3% |
| Other amounts receivable | 41 | €1,521 | €672 | -€849 | -55.8% |
| Cash at bank and in hand | 54/58 | €20,041 | €8,676 | -€11,365 | -56.7% |
| Deferred charges and accrued income | 490/1 | €190 | - | -€190 | |
| Total equity and liabilities | 10/49 | €74,653 | €34,511 | -€40,142 | -53.8% |
| Equity | 10/15 | -€10,488 | -€23,053 | -€12,564 | -120% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,948 | -€43,513 | -€12,564 | -40.6% |
| Amounts payable | 17/49 | €85,141 | €57,564 | -€27,577 | -32.4% |
| Amounts payable after more than one year | 17 | €32,523 | €32,523 | = | 0.0% |
| Other amounts payable | 178/9 | €32,523 | €32,523 | = | 0.0% |
| Amounts payable within one year | 42/48 | €52,618 | €25,041 | -€27,577 | -52.4% |
| Trade debts | 44 | €4,548 | €2,058 | -€2,490 | -54.8% |
| Suppliers | 440/4 | €4,548 | €2,058 | -€2,490 | -54.8% |
| Advances received on contracts in progress | 46 | - | €1,742 | +€1,742 | |
| Taxes, remuneration and social security | 45 | €5,664 | €488 | -€5,177 | -91.4% |
| Taxes | 450/3 | €5,527 | €488 | -€5,039 | -91.2% |
| Remuneration and social security | 454/9 | €138 | - | -€138 | |
| Other amounts payable | 47/48 | €42,406 | €20,753 | -€21,652 | -51.1% |
| Remuneration, social security and pensions | 62 | €764 | - | -€764 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,607 | €8,084 | +€2,477 | +44.2% |
| Other operating charges | 640/8 | €413 | €428 | +€15 | +3.7% |
| Gross operating margin | 9900 | €17,151 | €8,476 | -€8,675 | -50.6% |
| Operating profit (loss) | 9901 | €10,366 | -€37 | -€10,404 | |
| Financial income | 75/76B | €20 | €0 | -€20 | -97.9% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +147% |
| Non-recurring financial income | 76B | €20 | €0 | -€20 | -100% |
| Financial charges | 65/66B | €1,008 | €8,702 | +€7,694 | +764% |
| Recurring financial charges | 65 | €471 | €299 | -€172 | -36.5% |
| Non-recurring financial charges | 66B | €536 | €8,403 | +€7,866 | +1,466% |
| Profit (loss) for the period before taxes | 9903 | €9,379 | -€8,739 | -€18,118 | |
| Income taxes | 67/77 | €160 | €176 | +€16 | +10.2% |
| Profit (loss) for the period | 9904 | €9,219 | -€8,915 | -€18,134 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,219 | -€8,915 | -€18,134 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.