XTOCON: 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.
XTOCON
Largest movements
- Current investments +€496,405
up €496,405 (+16.8%), from €3.0m to €3.4m
- Cash -€395,486
down €395,486 (-60.7%), from €651,569 to €256,083
mainly Current investments (-€496,405) and Contributions, distributions and other (-€294,730)
- Receivables within one year +€61,377
up €61,377 (+33.0%), from €185,749 to €247,126
of which Trade receivables: +€49,818
- Reserves +€166,467
up €166,467 (+4.4%), from €3.7m to €3.9m
of which Distributable reserves: +€190,387
- Gross operating margin -€311,138
down €311,138 (-34.3%), from €906,022 to €594,885
- Financial income +€61,447
up €61,447 (+92.7%), from €66,298 to €127,745
- Taxes -€55,991
down €55,991 (-19.1%), from €293,203 to €237,212
- Financial charges +€9,915
up €9,915 (+83.0%), from €11,943 to €21,858
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 | €3,792,721 | €3,955,649 | +€162,927 | +4.3% |
| Fixed assets | 21/28 | €1,253 | €1,992 | +€739 | +59.0% |
| Tangible fixed assets | 22/27 | €1,253 | €1,992 | +€739 | +59.0% |
| Plant, machinery and equipment | 23 | €44 | €1,476 | +€1,432 | +3246.2% |
| Furniture and vehicles | 24 | €1,209 | €516 | -€693 | -57.3% |
| Current assets | 29/58 | €3,791,468 | €3,953,657 | +€162,189 | +4.3% |
| Amounts receivable within one year | 40/41 | €185,749 | €247,126 | +€61,377 | +33.0% |
| Trade receivables | 40 | €185,749 | €235,568 | +€49,818 | +26.8% |
| Other amounts receivable | 41 | - | €11,559 | +€11,559 | |
| Current investments | 50/53 | €2,952,197 | €3,448,602 | +€496,405 | +16.8% |
| Cash at bank and in hand | 54/58 | €651,569 | €256,083 | -€395,486 | -60.7% |
| Deferred charges and accrued income | 490/1 | €1,954 | €1,846 | -€108 | -5.5% |
| Total equity and liabilities | 10/49 | €3,792,721 | €3,955,649 | +€162,927 | +4.3% |
| Equity | 10/15 | €3,747,450 | €3,913,917 | +€166,467 | +4.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €3,747,350 | €3,913,817 | +€166,467 | +4.4% |
| Tax-exempt reserves | 132 | €705,698 | €681,777 | -€23,920 | -3.4% |
| Distributable reserves | 133 | €3,041,652 | €3,232,039 | +€190,387 | +6.3% |
| Amounts payable | 17/49 | €45,272 | €41,732 | -€3,540 | -7.8% |
| Amounts payable within one year | 42/48 | €44,609 | €41,069 | -€3,540 | -7.9% |
| Trade debts | 44 | €2,345 | €419 | -€1,926 | -82.1% |
| Suppliers | 440/4 | €2,345 | €419 | -€1,926 | -82.1% |
| Taxes, remuneration and social security | 45 | €41,537 | €34,766 | -€6,771 | -16.3% |
| Taxes | 450/3 | €41,537 | €34,766 | -€6,771 | -16.3% |
| Other amounts payable | 47/48 | €727 | €5,884 | +€5,157 | +709.7% |
| Accrued charges and deferred income | 492/3 | €663 | €663 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €917 | €844 | -€73 | -8.0% |
| Other operating charges | 640/8 | €1,536 | €1,518 | -€18 | -1.2% |
| Gross operating margin | 9900 | €906,022 | €594,885 | -€311,138 | -34.3% |
| Operating profit (loss) | 9901 | €903,569 | €592,523 | -€311,047 | -34.4% |
| Financial income | 75/76B | €66,298 | €127,745 | +€61,447 | +92.7% |
| Recurring financial income | 75 | €66,298 | €127,745 | +€61,447 | +92.7% |
| Financial charges | 65/66B | €11,943 | €21,858 | +€9,915 | +83.0% |
| Recurring financial charges | 65 | €11,943 | €21,858 | +€9,915 | +83.0% |
| Profit (loss) for the period before taxes | 9903 | €957,924 | €698,410 | -€259,515 | -27.1% |
| Income taxes | 67/77 | €293,203 | €237,212 | -€55,991 | -19.1% |
| Profit (loss) for the period | 9904 | €664,721 | €461,197 | -€203,524 | -30.6% |
| Transfer from tax-exempt reserves | 789 | €207,872 | €23,920 | -€183,952 | -88.5% |
| Transfer to tax-exempt reserves | 689 | €252,600 | - | -€252,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €619,993 | €485,118 | -€134,875 | -21.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.