XS LOCATION: 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 LOCATION
Largest movements
- Receivables within one year +€9,385
up €9,385 (+1,142%), from €822 to €10,207
of which Other amounts receivable: +€8,440
- Deferred charges and accrued income +€3,334
new in 2025: €3,334
- Cash +€3,203
up €3,203 (+8.3%), from €38,607 to €41,810
mainly Net result for the year (+€18,540) and Depreciation (+€9,258)
- Profit (loss) carried forward +€18,540
up €18,540 (+71.8%), from €25,812 to €44,352
- Trade debts -€2,268
down €2,268 (-71.3%), from €3,182 to €914
- Gross operating margin -€15,304
down €15,304 (-31.0%), from €49,410 to €34,106
- Depreciation -€3,812
down €3,812 (-29.2%), from €13,071 to €9,258
- Other operating charges -€1,711
down €1,711 (-63.6%), from €2,692 to €980
- Taxes -€1,458
down €1,458 (-22.1%), from €6,610 to €5,152
- Write-downs -€1,163
down €1,163 (-100%), from €1,163 to €0
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 | €91,119 | €107,391 | +€16,272 | +17.9% |
| Fixed assets | 21/28 | €51,690 | €52,040 | +€349 | +0.7% |
| Tangible fixed assets | 22/27 | €51,465 | €51,815 | +€349 | +0.7% |
| Furniture and vehicles | 24 | €51,465 | €51,815 | +€349 | +0.7% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €39,429 | €55,351 | +€15,922 | +40.4% |
| Amounts receivable within one year | 40/41 | €822 | €10,207 | +€9,385 | +1,142% |
| Trade receivables | 40 | €137 | €1,081 | +€945 | +691% |
| Other amounts receivable | 41 | €685 | €9,126 | +€8,440 | +1,232% |
| Cash at bank and in hand | 54/58 | €38,607 | €41,810 | +€3,203 | +8.3% |
| Deferred charges and accrued income | 490/1 | - | €3,334 | +€3,334 | |
| Total equity and liabilities | 10/49 | €91,119 | €107,391 | +€16,272 | +17.9% |
| Equity | 10/15 | €35,312 | €53,852 | +€18,540 | +52.5% |
| Contributions | 10/11 | €9,500 | €9,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,812 | €44,352 | +€18,540 | +71.8% |
| Amounts payable | 17/49 | €55,807 | €53,539 | -€2,268 | -4.1% |
| Amounts payable within one year | 42/48 | €55,807 | €53,539 | -€2,268 | -4.1% |
| Trade debts | 44 | €3,182 | €914 | -€2,268 | -71.3% |
| Suppliers | 440/4 | €3,182 | €914 | -€2,268 | -71.3% |
| Other amounts payable | 47/48 | €52,625 | €52,625 | = | 0.0% |
| Non-recurring operating income | 76A | - | €2,834 | +€2,834 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,071 | €9,258 | -€3,812 | -29.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,163 | €0 | -€1,163 | -100% |
| Other operating charges | 640/8 | €2,692 | €980 | -€1,711 | -63.6% |
| Gross operating margin | 9900 | €49,410 | €34,106 | -€15,304 | -31.0% |
| Operating profit (loss) | 9901 | €32,484 | €23,867 | -€8,617 | -26.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €63 | €175 | +€112 | +178% |
| Recurring financial charges | 65 | €63 | €175 | +€112 | +178% |
| Profit (loss) for the period before taxes | 9903 | €32,421 | €23,692 | -€8,730 | -26.9% |
| Income taxes | 67/77 | €6,610 | €5,152 | -€1,458 | -22.1% |
| Profit (loss) for the period | 9904 | €25,812 | €18,540 | -€7,272 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,812 | €18,540 | -€7,272 | -28.2% |
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 23 October 2026 via checked.be.