XTE: 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.
XTE
Largest movements
- Tangible fixed assets +€43,115
up €43,115 (+21.6%), from €199,812 to €242,928
of which Furniture and vehicles: +€49,671
- Cash -€27,917
down €27,917 (-53.6%), from €52,085 to €24,167
mainly Investment in fixed assets (net) (-€61,167) and Receivables within one year (-€19,811)
- Receivables within one year +€19,811
up €19,811 (+86.6%), from €22,886 to €42,698
of which Trade receivables: +€18,622
- Deferred charges and accrued income +€4,602
up €4,602 (+523.8%), from €879 to €5,481
- Other debts +€18,168
up €18,168 (+22.1%), from €82,108 to €100,276
- Reserves +€14,086
up €14,086 (+35.2%), from €40,067 to €54,153
- Tax, wage and social debts +€4,157
up €4,157 (+449.7%), from €925 to €5,082
- Gross operating margin +€33,699
up €33,699 (+254.9%), from €13,221 to €46,919
- Depreciation +€9,073
up €9,073 (+101.0%), from €8,979 to €18,052
- Taxes +€4,865
new in 2025: €4,865
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 | €281,183 | €320,521 | +€39,338 | +14.0% |
| Fixed assets | 21/28 | €199,812 | €242,928 | +€43,115 | +21.6% |
| Tangible fixed assets | 22/27 | €199,812 | €242,928 | +€43,115 | +21.6% |
| Land and buildings | 22 | €199,052 | €192,837 | -€6,216 | -3.1% |
| Plant, machinery and equipment | 23 | €760 | €420 | -€341 | -44.8% |
| Furniture and vehicles | 24 | - | €49,671 | +€49,671 | |
| Current assets | 29/58 | €81,370 | €77,594 | -€3,777 | -4.6% |
| Stocks and contracts in progress | 3 | €5,521 | €5,247 | -€273 | -5.0% |
| Stocks | 30/36 | €5,521 | €5,247 | -€273 | -5.0% |
| Amounts receivable within one year | 40/41 | €22,886 | €42,698 | +€19,811 | +86.6% |
| Trade receivables | 40 | €12,150 | €30,772 | +€18,622 | +153.3% |
| Other amounts receivable | 41 | €10,736 | €11,925 | +€1,189 | +11.1% |
| Cash at bank and in hand | 54/58 | €52,085 | €24,167 | -€27,917 | -53.6% |
| Deferred charges and accrued income | 490/1 | €879 | €5,481 | +€4,602 | +523.8% |
| Total equity and liabilities | 10/49 | €281,183 | €320,521 | +€39,338 | +14.0% |
| Equity | 10/15 | €187,597 | €201,682 | +€14,086 | +7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,067 | €54,153 | +€14,086 | +35.2% |
| Distributable reserves | 133 | €40,067 | €54,153 | +€14,086 | +35.2% |
| Profit (loss) carried forward | 14 | €128,929 | €128,929 | = | 0.0% |
| Amounts payable | 17/49 | €93,586 | €118,839 | +€25,253 | +27.0% |
| Amounts payable within one year | 42/48 | €87,411 | €110,633 | +€23,222 | +26.6% |
| Trade debts | 44 | €4,378 | €5,274 | +€896 | +20.5% |
| Suppliers | 440/4 | €4,378 | €5,274 | +€896 | +20.5% |
| Taxes, remuneration and social security | 45 | €925 | €5,082 | +€4,157 | +449.7% |
| Taxes | 450/3 | €925 | €5,082 | +€4,157 | +449.7% |
| Other amounts payable | 47/48 | €82,108 | €100,276 | +€18,168 | +22.1% |
| Accrued charges and deferred income | 492/3 | €6,176 | €8,206 | +€2,031 | +32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,979 | €18,052 | +€9,073 | +101.0% |
| Other operating charges | 640/8 | €3,200 | €3,365 | +€165 | +5.2% |
| Gross operating margin | 9900 | €13,221 | €46,919 | +€33,699 | +254.9% |
| Operating profit (loss) | 9901 | €1,042 | €25,502 | +€24,461 | +2348.5% |
| Financial income | 75/76B | €101 | €109 | +€7 | +7.3% |
| Recurring financial income | 75 | €101 | €109 | +€7 | +7.3% |
| Financial charges | 65/66B | €6,722 | €6,661 | -€61 | -0.9% |
| Recurring financial charges | 65 | €6,722 | €6,661 | -€61 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,579 | €18,950 | +€24,529 | |
| Income taxes | 67/77 | - | €4,865 | +€4,865 | |
| Profit (loss) for the period | 9904 | -€5,579 | €14,086 | +€19,665 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,579 | €14,086 | +€19,665 |
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 3 October 2026 via checked.be.