XTO: 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.
XTO
Largest movements
- Deferred charges and accrued income +€11,912
up €11,912 (+430.7%), from €2,766 to €14,678
- Current investments +€10,000
up €10,000 (+55.5%), from €18,005 to €28,005
- Tangible fixed assets -€7,308
down €7,308 (-39.8%), from €18,378 to €11,070
of which Other tangible fixed assets: -€6,782
- Receivables within one year -€1,824
down €1,824 (-15.1%), from €12,048 to €10,224
- Cash -€1,551
down €1,551 (-3.1%), from €50,695 to €49,144
mainly Contributions, distributions and other (-€27,000) and Deferred charges and accrued income (-€11,912)
- Reserves +€9,551
up €9,551 (+12.9%), from €73,924 to €83,475
of which Distributable reserves: +€9,551
- Trade debts +€4,766
up €4,766 (+1212.7%), from €393 to €5,159
- Tax, wage and social debts -€3,404
down €3,404 (-17.8%), from €19,116 to €15,712
- Gross operating margin -€5,170
down €5,170 (-8.3%), from €62,604 to €57,434
- Taxes -€2,465
down €2,465 (-17.8%), from €13,819 to €11,354
- Depreciation +€671
up €671 (+8.1%), from €8,245 to €8,916
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 | €101,892 | €113,121 | +€11,229 | +11.0% |
| Fixed assets | 21/28 | €18,378 | €11,070 | -€7,308 | -39.8% |
| Tangible fixed assets | 22/27 | €18,378 | €11,070 | -€7,308 | -39.8% |
| Furniture and vehicles | 24 | €5,326 | €4,800 | -€526 | -9.9% |
| Other tangible fixed assets | 26 | €13,052 | €6,270 | -€6,782 | -52.0% |
| Current assets | 29/58 | €83,514 | €102,051 | +€18,537 | +22.2% |
| Amounts receivable within one year | 40/41 | €12,048 | €10,224 | -€1,824 | -15.1% |
| Trade receivables | 40 | €12,048 | €10,224 | -€1,824 | -15.1% |
| Current investments | 50/53 | €18,005 | €28,005 | +€10,000 | +55.5% |
| Cash at bank and in hand | 54/58 | €50,695 | €49,144 | -€1,551 | -3.1% |
| Deferred charges and accrued income | 490/1 | €2,766 | €14,678 | +€11,912 | +430.7% |
| Total equity and liabilities | 10/49 | €101,892 | €113,121 | +€11,229 | +11.0% |
| Equity | 10/15 | €81,984 | €91,535 | +€9,551 | +11.6% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €73,924 | €83,475 | +€9,551 | +12.9% |
| Tax-exempt reserves | 132 | €15,638 | €15,638 | = | 0.0% |
| Distributable reserves | 133 | €58,286 | €67,837 | +€9,551 | +16.4% |
| Amounts payable | 17/49 | €19,908 | €21,586 | +€1,678 | +8.4% |
| Amounts payable within one year | 42/48 | €19,908 | €21,586 | +€1,678 | +8.4% |
| Trade debts | 44 | €393 | €5,159 | +€4,766 | +1212.7% |
| Suppliers | 440/4 | €393 | €5,159 | +€4,766 | +1212.7% |
| Taxes, remuneration and social security | 45 | €19,116 | €15,712 | -€3,404 | -17.8% |
| Taxes | 450/3 | €19,116 | €15,712 | -€3,404 | -17.8% |
| Other amounts payable | 47/48 | €399 | €715 | +€316 | +79.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,245 | €8,916 | +€671 | +8.1% |
| Other operating charges | 640/8 | €899 | €1,138 | +€239 | +26.6% |
| Gross operating margin | 9900 | €62,604 | €57,434 | -€5,170 | -8.3% |
| Operating profit (loss) | 9901 | €53,460 | €47,380 | -€6,080 | -11.4% |
| Financial income | 75/76B | €321 | €640 | +€319 | +99.4% |
| Recurring financial income | 75 | €321 | €640 | +€319 | +99.4% |
| Financial charges | 65/66B | €111 | €115 | +€4 | +3.6% |
| Recurring financial charges | 65 | €111 | €115 | +€4 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €53,670 | €47,905 | -€5,765 | -10.7% |
| Income taxes | 67/77 | €13,819 | €11,354 | -€2,465 | -17.8% |
| Profit (loss) for the period | 9904 | €39,851 | €36,551 | -€3,300 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,851 | €36,551 | -€3,300 | -8.3% |
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.