XTBS: what changed
Two fiscal 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.
XTBS
Largest movements
- Cash +€16,804
up €16,804 (+66.7%), from €25,180 to €41,984
mainly Depreciation (+€8,176) and Net result for the year (+€5,659)
- Tangible fixed assets -€6,767
down €6,767 (-23.3%), from €29,007 to €22,240
of which Furniture and vehicles: -€7,419
- Deferred charges and accrued income +€1,922
up €1,922 (+42.6%), from €4,516 to €6,438
- Receivables within one year -€1,346
down €1,346 (-10.7%), from €12,557 to €11,211
of which Other amounts receivable: -€1,322
- Reserves +€5,659
up €5,659 (+16.3%), from €34,724 to €40,383
- Other debts +€3,631
up €3,631 (+11.5%), from €31,535 to €35,166
- Trade debts +€1,089
new in 2025: €1,089
- Gross operating margin -€37,193
down €37,193 (-64.9%), from €57,269 to €20,076
- Taxes -€10,322
down €10,322 (-75.0%), from €13,756 to €3,434
- Financial charges +€2,034
up €2,034 (+498.4%), from €408 to €2,442
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 | €71,260 | €81,873 | +€10,613 | +14.9% |
| Fixed assets | 21/28 | €29,007 | €22,240 | -€6,767 | -23.3% |
| Tangible fixed assets | 22/27 | €29,007 | €22,240 | -€6,767 | -23.3% |
| Plant, machinery and equipment | 23 | €622 | €1,274 | +€652 | +104.8% |
| Furniture and vehicles | 24 | €28,384 | €20,965 | -€7,419 | -26.1% |
| Current assets | 29/58 | €42,253 | €59,633 | +€17,380 | +41.1% |
| Amounts receivable within one year | 40/41 | €12,557 | €11,211 | -€1,346 | -10.7% |
| Trade receivables | 40 | €24 | €0 | -€24 | -100.0% |
| Other amounts receivable | 41 | €12,533 | €11,211 | -€1,322 | -10.5% |
| Cash at bank and in hand | 54/58 | €25,180 | €41,984 | +€16,804 | +66.7% |
| Deferred charges and accrued income | 490/1 | €4,516 | €6,438 | +€1,922 | +42.6% |
| Total equity and liabilities | 10/49 | €71,260 | €81,873 | +€10,613 | +14.9% |
| Equity | 10/15 | €39,724 | €45,383 | +€5,659 | +14.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €34,724 | €40,383 | +€5,659 | +16.3% |
| Distributable reserves | 133 | €34,724 | €40,383 | +€5,659 | +16.3% |
| Amounts payable | 17/49 | €31,535 | €36,490 | +€4,954 | +15.7% |
| Amounts payable within one year | 42/48 | €31,535 | €36,490 | +€4,954 | +15.7% |
| Trade debts | 44 | - | €1,089 | +€1,089 | |
| Suppliers | 440/4 | - | €1,089 | +€1,089 | |
| Taxes, remuneration and social security | 45 | - | €234 | +€234 | |
| Taxes | 450/3 | - | €234 | +€234 | |
| Other amounts payable | 47/48 | €31,535 | €35,166 | +€3,631 | +11.5% |
| Non-recurring operating income | 76A | €500 | €0 | -€500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,011 | €8,176 | +€164 | +2.0% |
| Other operating charges | 640/8 | €377 | €365 | -€11 | -3.0% |
| Gross operating margin | 9900 | €57,269 | €20,076 | -€37,193 | -64.9% |
| Operating profit (loss) | 9901 | €48,881 | €11,535 | -€37,346 | -76.4% |
| Financial income | 75/76B | €7 | €0 | -€7 | -100.0% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -100.0% |
| Financial charges | 65/66B | €408 | €2,442 | +€2,034 | +498.4% |
| Recurring financial charges | 65 | €408 | €2,442 | +€2,034 | +498.4% |
| Profit (loss) for the period before taxes | 9903 | €48,480 | €9,093 | -€39,387 | -81.2% |
| Income taxes | 67/77 | €13,756 | €3,434 | -€10,322 | -75.0% |
| Profit (loss) for the period | 9904 | €34,724 | €5,659 | -€29,065 | -83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,724 | €5,659 | -€29,065 | -83.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.