XSIAS: 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.
XSIAS
Largest movements
- Receivables after one year -€70,000
down €70,000 (-72.2%), from €97,000 to €27,000
- Cash +€51,423
up €51,423 (+144.3%), from €35,633 to €87,056
mainly Net result for the year (+€88,630) and Receivables after one year (+€70,000)
- Tangible fixed assets -€16,308
down €16,308 (-2.2%), from €728,224 to €711,916
of which Land and buildings: -€17,143
- Debts after one year -€41,177
down €41,177 (-12.0%), from €343,137 to €301,960
- Tax, wage and social debts +€9,838
up €9,838 (+193.8%), from €5,078 to €14,915
- Other operating charges -€39,968
down €39,968 (-90.3%), from €44,274 to €4,306
- Taxes +€10,508
up €10,508 (+40.6%), from €25,881 to €36,389
- Financial charges +€6,040
up €6,040 (+74.7%), from €8,086 to €14,125
- Gross operating margin +€5,883
up €5,883 (+3.7%), from €160,755 to €166,638
- Financial income -€5,538
down €5,538 (-73.6%), from €7,523 to €1,985
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.
Cash bridge derived
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 | €884,686 | €860,044 | -€24,642 | -2.8% |
| Fixed assets | 21/28 | €728,224 | €711,916 | -€16,308 | -2.2% |
| Tangible fixed assets | 22/27 | €728,224 | €711,916 | -€16,308 | -2.2% |
| Land and buildings | 22 | €727,480 | €710,336 | -€17,143 | -2.4% |
| Furniture and vehicles | 24 | €745 | €1,580 | +€835 | +112.2% |
| Current assets | 29/58 | €156,462 | €148,128 | -€8,334 | -5.3% |
| Amounts receivable after more than one year | 29 | €97,000 | €27,000 | -€70,000 | -72.2% |
| Other amounts receivable | 291 | €97,000 | €27,000 | -€70,000 | -72.2% |
| Amounts receivable within one year | 40/41 | €12,342 | €12,744 | +€402 | +3.3% |
| Trade receivables | 40 | €12,342 | €12,744 | +€402 | +3.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €10,408 | €18,482 | +€8,074 | +77.6% |
| Cash at bank and in hand | 54/58 | €35,633 | €87,056 | +€51,423 | +144.3% |
| Deferred charges and accrued income | 490/1 | €1,079 | €2,846 | +€1,767 | +163.8% |
| Total equity and liabilities | 10/49 | €884,686 | €860,044 | -€24,642 | -2.8% |
| Equity | 10/15 | €487,107 | €492,002 | +€4,894 | +1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €480,907 | €485,802 | +€4,894 | +1.0% |
| Distributable reserves | 133 | €480,907 | €485,802 | +€4,894 | +1.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €397,578 | €368,042 | -€29,536 | -7.4% |
| Amounts payable after more than one year | 17 | €343,137 | €301,960 | -€41,177 | -12.0% |
| Financial debts | 170/4 | €343,137 | €301,960 | -€41,177 | -12.0% |
| Amounts payable within one year | 42/48 | €53,617 | €65,218 | +€11,601 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €39,600 | €41,177 | +€1,577 | +4.0% |
| Trade debts | 44 | €4,157 | €8,522 | +€4,364 | +105.0% |
| Suppliers | 440/4 | €4,157 | €8,522 | +€4,364 | +105.0% |
| Taxes, remuneration and social security | 45 | €5,078 | €14,915 | +€9,838 | +193.8% |
| Taxes | 450/3 | €5,078 | €14,915 | +€9,838 | +193.8% |
| Other amounts payable | 47/48 | €4,781 | €603 | -€4,178 | -87.4% |
| Accrued charges and deferred income | 492/3 | €825 | €865 | +€40 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,063 | €25,172 | +€2,109 | +9.1% |
| Other operating charges | 640/8 | €44,274 | €4,306 | -€39,968 | -90.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €160,755 | €166,638 | +€5,883 | +3.7% |
| Operating profit (loss) | 9901 | €93,418 | €137,159 | +€43,741 | +46.8% |
| Financial income | 75/76B | €7,523 | €1,985 | -€5,538 | -73.6% |
| Recurring financial income | 75 | €7,523 | €1,985 | -€5,538 | -73.6% |
| Financial charges | 65/66B | €8,086 | €14,125 | +€6,040 | +74.7% |
| Recurring financial charges | 65 | €8,086 | €14,125 | +€6,040 | +74.7% |
| Profit (loss) for the period before taxes | 9903 | €92,855 | €125,019 | +€32,164 | +34.6% |
| Income taxes | 67/77 | €25,881 | €36,389 | +€10,508 | +40.6% |
| Profit (loss) for the period | 9904 | €66,974 | €88,630 | +€21,656 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,974 | €88,630 | +€21,656 | +32.3% |
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 12 October 2026 via checked.be.