XTR-GROUP: what changed
Two financial 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.
XTR-GROUP
Largest movements
- Stocks and contracts -€369,644
down €369,644 (-53.9%), from €686,084 to €316,440
- Receivables within one year -€33,520
down €33,520 (-9.2%), from €365,787 to €332,267
of which Other amounts receivable: -€74,986
- Receivables after one year -€25,500
no longer reported in 2025 (was €25,500)
- Tangible fixed assets -€14,872
down €14,872 (-6.7%), from €222,147 to €207,274
of which Land and buildings: -€18,867
- Profit (loss) carried forward -€425,336
down €425,336 (-447%), from -€95,242 to -€520,577
- Other debts +€287,443
up €287,443 (+628%), from €45,783 to €333,226
- Debts after one year -€144,436
down €144,436 (-36.0%), from €400,772 to €256,336
of which Other amounts payable: -€125,000
- Trade debts -€86,448
down €86,448 (-18.0%), from €479,582 to €393,134
- Tax, wage and social debts -€29,911
down €29,911 (-17.4%), from €171,693 to €141,783
of which Taxes: -€19,817
- Gross operating margin -€269,122
down €269,122, from €238,169 to -€30,953
- Staff costs +€22,293
up €22,293 (+8.3%), from €268,805 to €291,098
- Other operating charges -€4,515
down €4,515 (-22.3%), from €20,288 to €15,773
- Financial charges +€3,385
up €3,385 (+7.5%), from €44,941 to €48,326
- Financial income -€2,998
down €2,998 (-45.6%), from €6,576 to €3,578
of which Financial income: -€3,686
From the 31-12-2024 result to the 31-12-2025 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.
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,437,821 | €1,011,767 | -€426,054 | -29.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €284,884 | €270,333 | -€14,551 | -5.1% |
| Intangible fixed assets | 21 | €56,073 | €53,893 | -€2,179 | -3.9% |
| Tangible fixed assets | 22/27 | €222,147 | €207,274 | -€14,872 | -6.7% |
| Land and buildings | 22 | €217,069 | €198,202 | -€18,867 | -8.7% |
| Plant, machinery and equipment | 23 | €5,078 | €6,686 | +€1,608 | +31.7% |
| Furniture and vehicles | 24 | €0 | €2,387 | +€2,387 | |
| Financial fixed assets | 28 | €6,665 | €9,165 | +€2,500 | +37.5% |
| Current assets | 29/58 | €1,152,937 | €741,434 | -€411,503 | -35.7% |
| Amounts receivable after more than one year | 29 | €25,500 | - | -€25,500 | |
| Other amounts receivable | 291 | €25,500 | - | -€25,500 | |
| Stocks and contracts in progress | 3 | €686,084 | €316,440 | -€369,644 | -53.9% |
| Stocks | 30/36 | €686,084 | €316,440 | -€369,644 | -53.9% |
| Amounts receivable within one year | 40/41 | €365,787 | €332,267 | -€33,520 | -9.2% |
| Trade receivables | 40 | €290,621 | €332,087 | +€41,466 | +14.3% |
| Other amounts receivable | 41 | €75,166 | €180 | -€74,986 | -99.8% |
| Cash at bank and in hand | 54/58 | €68,211 | €79,422 | +€11,211 | +16.4% |
| Deferred charges and accrued income | 490/1 | €7,355 | €13,305 | +€5,950 | +80.9% |
| Total equity and liabilities | 10/49 | €1,437,821 | €1,011,767 | -€426,054 | -29.6% |
| Equity | 10/15 | €290,458 | -€134,877 | -€425,336 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €335,700 | €335,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €279,450 | €279,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,242 | -€520,577 | -€425,336 | -447% |
| Amounts payable | 17/49 | €1,147,363 | €1,146,644 | -€719 | -0.1% |
| Amounts payable after more than one year | 17 | €400,772 | €256,336 | -€144,436 | -36.0% |
| Financial debts | 170/4 | €150,772 | €131,336 | -€19,436 | -12.9% |
| Other amounts payable | 178/9 | €250,000 | €125,000 | -€125,000 | -50.0% |
| Amounts payable within one year | 42/48 | €745,843 | €889,558 | +€143,716 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €36,881 | €21,189 | -€15,693 | -42.5% |
| Financial debts | 43 | €11,903 | €227 | -€11,676 | -98.1% |
| Credit institutions | 430/8 | €11,903 | €227 | -€11,676 | -98.1% |
| Trade debts | 44 | €479,582 | €393,134 | -€86,448 | -18.0% |
| Suppliers | 440/4 | €479,582 | €393,134 | -€86,448 | -18.0% |
| Taxes, remuneration and social security | 45 | €171,693 | €141,783 | -€29,911 | -17.4% |
| Taxes | 450/3 | €117,920 | €98,103 | -€19,817 | -16.8% |
| Remuneration and social security | 454/9 | €53,773 | €43,680 | -€10,094 | -18.8% |
| Other amounts payable | 47/48 | €45,783 | €333,226 | +€287,443 | +628% |
| Accrued charges and deferred income | 492/3 | €748 | €750 | +€1 | +0.2% |
| Remuneration, social security and pensions | 62 | €268,805 | €291,098 | +€22,293 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,353 | €42,765 | +€1,412 | +3.4% |
| Other operating charges | 640/8 | €20,288 | €15,773 | -€4,515 | -22.3% |
| Gross operating margin | 9900 | €238,169 | -€30,953 | -€269,122 | |
| Operating profit (loss) | 9901 | -€92,277 | -€380,588 | -€288,311 | -312% |
| Financial income | 75/76B | €6,576 | €3,578 | -€2,998 | -45.6% |
| Recurring financial income | 75 | €6,576 | €2,890 | -€3,686 | -56.1% |
| Non-recurring financial income | 76B | - | €689 | +€689 | |
| Financial charges | 65/66B | €44,941 | €48,326 | +€3,385 | +7.5% |
| Recurring financial charges | 65 | €44,941 | €48,326 | +€3,385 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | -€130,642 | -€425,336 | -€294,693 | -226% |
| Income taxes | 67/77 | €0 | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€130,642 | -€425,336 | -€294,693 | -226% |
| Profit (loss) for the period to be appropriated | 9905 | -€130,642 | -€425,336 | -€294,693 | -226% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.