XTEC: 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.
XTEC
Largest movements
- Current investments -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Cash +€96,259
up €96,259 (+96.2%), from €100,015 to €196,275
mainly Current investments (+€200,000) and Net result for the year (+€63,874)
- Tangible fixed assets +€71,536
up €71,536 (+615.0%), from €11,633 to €83,169
of which Assets under construction and advance payments: +€74,658
- Stocks and contracts -€10,469
down €10,469 (-30.1%), from €34,756 to €24,287
- Trade debts -€31,727
down €31,727 (-91.9%), from €34,522 to €2,795
- Reserves -€12,834
down €12,834 (-3.7%), from €346,752 to €333,917
- Tax, wage and social debts +€5,330
up €5,330 (+33.0%), from €16,139 to €21,469
of which Taxes: +€4,584
- Gross operating margin +€21,190
up €21,190 (+17.4%), from €121,556 to €142,745
- Taxes +€4,892
up €4,892 (+27.2%), from €18,007 to €22,899
- Financial income +€1,662
up €1,662 (+120.1%), from €1,383 to €3,045
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 | €459,027 | €415,838 | -€43,188 | -9.4% |
| Fixed assets | 21/28 | €11,813 | €83,169 | +€71,356 | +604.1% |
| Tangible fixed assets | 22/27 | €11,633 | €83,169 | +€71,536 | +615.0% |
| Plant, machinery and equipment | 23 | €10,600 | €7,743 | -€2,857 | -26.9% |
| Furniture and vehicles | 24 | €1,033 | €767 | -€266 | -25.7% |
| Assets under construction and advance payments | 27 | - | €74,658 | +€74,658 | |
| Financial fixed assets | 28 | €180 | €0 | -€180 | -100.0% |
| Current assets | 29/58 | €447,214 | €332,670 | -€114,544 | -25.6% |
| Stocks and contracts in progress | 3 | €34,756 | €24,287 | -€10,469 | -30.1% |
| Stocks | 30/36 | €34,756 | €24,287 | -€10,469 | -30.1% |
| Amounts receivable within one year | 40/41 | €107,819 | €106,831 | -€988 | -0.9% |
| Trade receivables | 40 | €105,820 | €106,831 | +€1,011 | +1.0% |
| Other amounts receivable | 41 | €1,999 | €0 | -€1,999 | -100.0% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €100,015 | €196,275 | +€96,259 | +96.2% |
| Deferred charges and accrued income | 490/1 | €4,623 | €5,277 | +€653 | +14.1% |
| Total equity and liabilities | 10/49 | €459,027 | €415,838 | -€43,188 | -9.4% |
| Equity | 10/15 | €365,352 | €352,517 | -€12,834 | -3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €346,752 | €333,917 | -€12,834 | -3.7% |
| Distributable reserves | 133 | €346,752 | €333,917 | -€12,834 | -3.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €93,675 | €63,321 | -€30,354 | -32.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €93,485 | €63,321 | -€30,164 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | €4,440 | €0 | -€4,440 | -100.0% |
| Trade debts | 44 | €34,522 | €2,795 | -€31,727 | -91.9% |
| Suppliers | 440/4 | €34,522 | €2,795 | -€31,727 | -91.9% |
| Taxes, remuneration and social security | 45 | €16,139 | €21,469 | +€5,330 | +33.0% |
| Taxes | 450/3 | €8,656 | €13,240 | +€4,584 | +53.0% |
| Remuneration and social security | 454/9 | €7,484 | €8,229 | +€746 | +10.0% |
| Other amounts payable | 47/48 | €38,383 | €39,057 | +€673 | +1.8% |
| Accrued charges and deferred income | 492/3 | €190 | €0 | -€190 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €50,235 | €51,294 | +€1,059 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,669 | €3,122 | -€547 | -14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €795 | €904 | +€109 | +13.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €121,556 | €142,745 | +€21,190 | +17.4% |
| Operating profit (loss) | 9901 | €66,857 | €87,426 | +€20,569 | +30.8% |
| Financial income | 75/76B | €1,383 | €3,045 | +€1,662 | +120.1% |
| Recurring financial income | 75 | €1,383 | €3,045 | +€1,662 | +120.1% |
| Financial charges | 65/66B | €2,883 | €3,698 | +€815 | +28.3% |
| Recurring financial charges | 65 | €2,883 | €3,698 | +€815 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €65,357 | €86,773 | +€21,416 | +32.8% |
| Income taxes | 67/77 | €18,007 | €22,899 | +€4,892 | +27.2% |
| Profit (loss) for the period | 9904 | €47,350 | €63,874 | +€16,524 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,350 | €63,874 | +€16,524 | +34.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.