XSABA: 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.
XSABA
Largest movements
- Receivables within one year +€70,877
up €70,877 (+138%), from €51,543 to €122,420
of which Other amounts receivable: +€71,063
- Tangible fixed assets -€61,088
down €61,088 (-10.1%), from €606,174 to €545,086
of which Land and buildings: -€59,353
- Cash -€35,920
down €35,920 (-76.6%), from €46,912 to €10,992
mainly Receivables within one year (-€70,877) and Debts after one year (-€56,365)
- Debts after one year -€56,365
down €56,365 (-11.6%), from €485,947 to €429,583
- Reserves +€27,500
up €27,500 (+39.3%), from €70,000 to €97,500
- Gross operating margin +€18,369
up €18,369 (+16.9%), from €108,720 to €127,088
- Depreciation -€5,694
down €5,694 (-7.8%), from €73,066 to €67,372
- Financial income +€4,269
up €4,269 (+205%), from €2,078 to €6,347
- Taxes +€2,761
up €2,761 (+820%), from €337 to €3,098
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 | €780,203 | €754,503 | -€25,700 | -3.3% |
| Fixed assets | 21/28 | €612,336 | €551,248 | -€61,088 | -10.0% |
| Tangible fixed assets | 22/27 | €606,174 | €545,086 | -€61,088 | -10.1% |
| Land and buildings | 22 | €599,012 | €539,658 | -€59,353 | -9.9% |
| Furniture and vehicles | 24 | €7,162 | €5,427 | -€1,735 | -24.2% |
| Financial fixed assets | 28 | €6,162 | €6,162 | = | 0.0% |
| Current assets | 29/58 | €167,867 | €203,255 | +€35,388 | +21.1% |
| Amounts receivable after more than one year | 29 | €67,000 | €67,000 | = | 0.0% |
| Other amounts receivable | 291 | €67,000 | €67,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51,543 | €122,420 | +€70,877 | +138% |
| Trade receivables | 40 | €49,563 | €49,377 | -€185 | -0.4% |
| Other amounts receivable | 41 | €1,980 | €73,043 | +€71,063 | +3,589% |
| Cash at bank and in hand | 54/58 | €46,912 | €10,992 | -€35,920 | -76.6% |
| Deferred charges and accrued income | 490/1 | €2,412 | €2,843 | +€431 | +17.9% |
| Total equity and liabilities | 10/49 | €780,203 | €754,503 | -€25,700 | -3.3% |
| Equity | 10/15 | €214,547 | €243,832 | +€29,285 | +13.6% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €70,000 | €97,500 | +€27,500 | +39.3% |
| Distributable reserves | 133 | €70,000 | €97,500 | +€27,500 | +39.3% |
| Profit (loss) carried forward | 14 | €113,547 | €115,332 | +€1,785 | +1.6% |
| Amounts payable | 17/49 | €565,656 | €510,671 | -€54,985 | -9.7% |
| Amounts payable after more than one year | 17 | €485,947 | €429,583 | -€56,365 | -11.6% |
| Financial debts | 170/4 | €485,947 | €429,583 | -€56,365 | -11.6% |
| Amounts payable within one year | 42/48 | €79,424 | €81,088 | +€1,664 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €61,148 | €57,445 | -€3,703 | -6.1% |
| Trade debts | 44 | €4,876 | €10,564 | +€5,687 | +117% |
| Suppliers | 440/4 | €4,876 | €10,564 | +€5,687 | +117% |
| Taxes, remuneration and social security | 45 | €3,070 | €7,430 | +€4,360 | +142% |
| Taxes | 450/3 | €3,070 | €6,377 | +€3,307 | +108% |
| Remuneration and social security | 454/9 | - | €1,053 | +€1,053 | |
| Other amounts payable | 47/48 | €10,330 | €5,650 | -€4,680 | -45.3% |
| Accrued charges and deferred income | 492/3 | €285 | €0 | -€285 | -100% |
| Non-recurring operating income | 76A | - | €15,516 | +€15,516 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,066 | €67,372 | -€5,694 | -7.8% |
| Other operating charges | 640/8 | €13,614 | €12,585 | -€1,030 | -7.6% |
| Gross operating margin | 9900 | €108,720 | €127,088 | +€18,369 | +16.9% |
| Operating profit (loss) | 9901 | €22,039 | €47,131 | +€25,092 | +114% |
| Financial income | 75/76B | €2,078 | €6,347 | +€4,269 | +205% |
| Recurring financial income | 75 | €2,078 | €6,347 | +€4,269 | +205% |
| Financial charges | 65/66B | €22,158 | €21,095 | -€1,063 | -4.8% |
| Recurring financial charges | 65 | €22,158 | €21,095 | -€1,063 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €1,960 | €32,383 | +€30,423 | +1,552% |
| Income taxes | 67/77 | €337 | €3,098 | +€2,761 | +820% |
| Profit (loss) for the period | 9904 | €1,623 | €29,285 | +€27,662 | +1,704% |
| Profit (loss) for the period to be appropriated | 9905 | €1,623 | €29,285 | +€27,662 | +1,704% |
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 31 October 2026 via checked.be.