XSS: 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.
XSS
Largest movements
- Receivables within one year +€46,732
up €46,732 (+48.5%), from €96,413 to €143,145
of which Trade receivables: +€56,330
- Deferred charges and accrued income -€9,436
down €9,436 (-72.6%), from €12,991 to €3,554
- Intangible fixed assets -€7,525
down €7,525 (-3.2%), from €238,126 to €230,601
- Cash -€5,515
down €5,515 (-17.0%), from €32,367 to €26,852
mainly Investment in fixed assets (net) (-€147,181) and Receivables within one year (-€46,732)
- Other debts +€29,250
up €29,250 (+20.3%), from €144,357 to €173,607
- Reserves +€24,766
up €24,766 (+11.5%), from €215,996 to €240,761
of which Distributable reserves: +€24,766
- Tax, wage and social debts -€17,885
down €17,885 (-59.3%), from €30,163 to €12,279
of which Taxes: -€16,722
- Debts after one year -€13,948
down €13,948 (-23.9%), from €58,346 to €44,398
- Trade debts +€10,263
up €10,263 (+203.5%), from €5,042 to €15,305
- Other operating charges -€52,655
down €52,655 (-95.7%), from €55,033 to €2,378
- Depreciation +€27,001
up €27,001 (+21.1%), from €128,012 to €155,013
- Taxes +€15,856
up €15,856 (+358.9%), from €4,419 to €20,275
- Financial charges -€3,502
down €3,502 (-32.0%), from €10,947 to €7,445
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 | €506,141 | €530,091 | +€23,949 | +4.7% |
| Fixed assets | 21/28 | €364,371 | €356,540 | -€7,832 | -2.1% |
| Intangible fixed assets | 21 | €238,126 | €230,601 | -€7,525 | -3.2% |
| Tangible fixed assets | 22/27 | €126,031 | €125,724 | -€307 | -0.2% |
| Land and buildings | 22 | €105,957 | €101,202 | -€4,754 | -4.5% |
| Plant, machinery and equipment | 23 | €2,719 | €4,179 | +€1,460 | +53.7% |
| Furniture and vehicles | 24 | €4,732 | €13,271 | +€8,539 | +180.4% |
| Leasing and similar rights | 25 | €12,623 | €7,072 | -€5,551 | -44.0% |
| Financial fixed assets | 28 | €214 | €214 | = | 0.0% |
| Current assets | 29/58 | €141,770 | €173,551 | +€31,781 | +22.4% |
| Amounts receivable within one year | 40/41 | €96,413 | €143,145 | +€46,732 | +48.5% |
| Trade receivables | 40 | €59,706 | €116,035 | +€56,330 | +94.3% |
| Other amounts receivable | 41 | €36,707 | €27,110 | -€9,598 | -26.1% |
| Cash at bank and in hand | 54/58 | €32,367 | €26,852 | -€5,515 | -17.0% |
| Deferred charges and accrued income | 490/1 | €12,991 | €3,554 | -€9,436 | -72.6% |
| Total equity and liabilities | 10/49 | €506,141 | €530,091 | +€23,949 | +4.7% |
| Equity | 10/15 | €234,596 | €259,361 | +€24,766 | +10.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €215,996 | €240,761 | +€24,766 | +11.5% |
| Tax-exempt reserves | 132 | €42,100 | €42,100 | = | 0.0% |
| Distributable reserves | 133 | €173,896 | €198,661 | +€24,766 | +14.2% |
| Amounts payable | 17/49 | €271,545 | €270,729 | -€816 | -0.3% |
| Amounts payable after more than one year | 17 | €58,346 | €44,398 | -€13,948 | -23.9% |
| Financial debts | 170/4 | €58,346 | €44,398 | -€13,948 | -23.9% |
| Amounts payable within one year | 42/48 | €211,304 | €226,273 | +€14,969 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €27,616 | €25,082 | -€2,534 | -9.2% |
| Trade debts | 44 | €5,042 | €15,305 | +€10,263 | +203.5% |
| Suppliers | 440/4 | €5,042 | €15,305 | +€10,263 | +203.5% |
| Advances received on contracts in progress | 46 | €4,125 | - | -€4,125 | |
| Taxes, remuneration and social security | 45 | €30,163 | €12,279 | -€17,885 | -59.3% |
| Taxes | 450/3 | €28,038 | €11,316 | -€16,722 | -59.6% |
| Remuneration and social security | 454/9 | €2,125 | €962 | -€1,163 | -54.7% |
| Other amounts payable | 47/48 | €144,357 | €173,607 | +€29,250 | +20.3% |
| Accrued charges and deferred income | 492/3 | €1,896 | €59 | -€1,837 | -96.9% |
| Non-recurring operating income | 76A | €7,000 | €9,905 | +€2,905 | +41.5% |
| Remuneration, social security and pensions | 62 | €11,556 | €9,901 | -€1,655 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,012 | €155,013 | +€27,001 | +21.1% |
| Other operating charges | 640/8 | €55,033 | €2,378 | -€52,655 | -95.7% |
| Non-recurring operating charges | 66A | - | €1,869 | +€1,869 | |
| Gross operating margin | 9900 | €217,181 | €218,908 | +€1,726 | +0.8% |
| Operating profit (loss) | 9901 | €22,581 | €49,747 | +€27,167 | +120.3% |
| Financial income | 75/76B | €1,950 | €2,738 | +€789 | +40.5% |
| Recurring financial income | 75 | €1,950 | €2,738 | +€789 | +40.5% |
| Financial charges | 65/66B | €10,947 | €7,445 | -€3,502 | -32.0% |
| Recurring financial charges | 65 | €10,947 | €7,445 | -€3,502 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €13,583 | €45,041 | +€31,458 | +231.6% |
| Income taxes | 67/77 | €4,419 | €20,275 | +€15,856 | +358.9% |
| Profit (loss) for the period | 9904 | €9,164 | €24,766 | +€15,601 | +170.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,164 | €24,766 | +€15,601 | +170.2% |
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 10 October 2026 via checked.be.