XTRATECH: 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.
XTRATECH
Largest movements
- Cash -€32,303
down €32,303 (-80.3%), from €40,227 to €7,924
mainly Other debts (-€52,553) and Trade debts (-€13,491)
- Tangible fixed assets -€28,266
down €28,266 (-20.6%), from €137,289 to €109,023
of which Land and buildings: -€25,913
- Receivables within one year -€16,062
down €16,062 (-17.1%), from €93,750 to €77,688
of which Trade receivables: -€11,681
- Other debts -€52,553
down €52,553 (-36.8%), from €142,687 to €90,134
- Trade debts -€13,491
down €13,491 (-50.9%), from €26,496 to €13,005
- Tax, wage and social debts +€11,535
up €11,535 (+238.0%), from €4,847 to €16,382
- Debts after one year -€8,436
down €8,436 (-58.9%), from €14,315 to €5,879
- Profit (loss) carried forward -€8,355
new in 2024: -€8,355
- Financial charges -€13,751
down €13,751 (-51.2%), from €26,859 to €13,108
- Gross operating margin -€5,594
down €5,594 (-10.9%), from €51,189 to €45,595
- Depreciation +€1,055
up €1,055 (+2.8%), from €37,274 to €38,329
- Other operating charges +€689
up €689 (+37.8%), from €1,824 to €2,513
- Financial income -€552
no longer reported in 2024 (was €552)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €672,871 | €595,235 | -€77,636 | -11.5% |
| Fixed assets | 21/28 | €537,889 | €509,623 | -€28,266 | -5.3% |
| Tangible fixed assets | 22/27 | €137,289 | €109,023 | -€28,266 | -20.6% |
| Land and buildings | 22 | €133,462 | €107,549 | -€25,913 | -19.4% |
| Furniture and vehicles | 24 | €3,826 | €1,474 | -€2,352 | -61.5% |
| Financial fixed assets | 28 | €400,600 | €400,600 | = | 0.0% |
| Current assets | 29/58 | €134,982 | €85,612 | -€49,370 | -36.6% |
| Amounts receivable within one year | 40/41 | €93,750 | €77,688 | -€16,062 | -17.1% |
| Trade receivables | 40 | €79,623 | €67,942 | -€11,681 | -14.7% |
| Other amounts receivable | 41 | €14,126 | €9,746 | -€4,380 | -31.0% |
| Cash at bank and in hand | 54/58 | €40,227 | €7,924 | -€32,303 | -80.3% |
| Deferred charges and accrued income | 490/1 | €1,005 | - | -€1,005 | |
| Total equity and liabilities | 10/49 | €672,871 | €595,235 | -€77,636 | -11.5% |
| Equity | 10/15 | €274,754 | €266,399 | -€8,355 | -3.0% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €209,754 | €209,754 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €209,754 | €209,754 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,355 | -€8,355 | |
| Amounts payable | 17/49 | €398,117 | €328,836 | -€69,281 | -17.4% |
| Amounts payable after more than one year | 17 | €14,315 | €5,879 | -€8,436 | -58.9% |
| Financial debts | 170/4 | €14,315 | €5,879 | -€8,436 | -58.9% |
| Amounts payable within one year | 42/48 | €377,023 | €322,957 | -€54,066 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €7,993 | €8,436 | +€443 | +5.5% |
| Financial debts | 43 | €195,000 | €195,000 | = | 0.0% |
| Credit institutions | 430/8 | €195,000 | €195,000 | = | 0.0% |
| Trade debts | 44 | €26,496 | €13,005 | -€13,491 | -50.9% |
| Suppliers | 440/4 | €26,496 | €13,005 | -€13,491 | -50.9% |
| Taxes, remuneration and social security | 45 | €4,847 | €16,382 | +€11,535 | +238.0% |
| Taxes | 450/3 | €4,847 | €16,382 | +€11,535 | +238.0% |
| Other amounts payable | 47/48 | €142,687 | €90,134 | -€52,553 | -36.8% |
| Accrued charges and deferred income | 492/3 | €6,779 | - | -€6,779 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,274 | €38,329 | +€1,055 | +2.8% |
| Other operating charges | 640/8 | €1,824 | €2,513 | +€689 | +37.8% |
| Gross operating margin | 9900 | €51,189 | €45,595 | -€5,594 | -10.9% |
| Operating profit (loss) | 9901 | €12,092 | €4,753 | -€7,339 | -60.7% |
| Financial income | 75/76B | €552 | - | -€552 | |
| Recurring financial income | 75 | €552 | - | -€552 | |
| Financial charges | 65/66B | €26,859 | €13,108 | -€13,751 | -51.2% |
| Recurring financial charges | 65 | €26,859 | €13,108 | -€13,751 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,215 | -€8,355 | +€5,860 | +41.2% |
| Income taxes | 67/77 | €195 | - | -€195 | |
| Profit (loss) for the period | 9904 | -€14,410 | -€8,355 | +€6,055 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,410 | -€8,355 | +€6,055 | +42.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.