XU RI: 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.
XU RI
Largest movements
- Receivables within one year -€12,924
down €12,924 (-100%), from €12,924 to €0
- Cash -€11,591
down €11,591 (-31.3%), from €36,988 to €25,397
mainly Net result for the year (-€103,431) and Investment in fixed assets (net) (-€27,549)
- Tangible fixed assets -€9,065
down €9,065 (-7.1%), from €128,026 to €118,961
of which Furniture and vehicles: -€11,051
- Stocks and contracts -€4,665
down €4,665 (-48.0%), from €9,714 to €5,049
- Profit (loss) carried forward -€103,431
down €103,431 (-109%), from -€94,910 to -€198,342
- Trade debts +€48,524
up €48,524 (+79.0%), from €61,431 to €109,955
- Tax, wage and social debts +€14,033
up €14,033 (+27.1%), from €51,721 to €65,754
of which Remuneration and social security: +€12,027
- Other debts +€9,041
up €9,041 (+13.6%), from €66,365 to €75,406
- Debts after one year -€7,950
down €7,950 (-30.5%), from €26,058 to €18,108
- Staff costs +€17,729
up €17,729 (+11.5%), from €153,771 to €171,500
- Other operating charges -€9,438
down €9,438 (-74.2%), from €12,725 to €3,287
- Financial income -€2,234
down €2,234 (-100.0%), from €2,234 to €0
- Depreciation +€1,265
up €1,265 (+3.6%), from €35,349 to €36,614
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.
Derived cash bridge
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 | €187,652 | €149,407 | -€38,245 | -20.4% |
| Fixed assets | 21/28 | €128,026 | €118,961 | -€9,065 | -7.1% |
| Tangible fixed assets | 22/27 | €128,026 | €118,961 | -€9,065 | -7.1% |
| Land and buildings | 22 | €1,275 | €0 | -€1,275 | -100% |
| Plant, machinery and equipment | 23 | €27,499 | €16,465 | -€11,034 | -40.1% |
| Furniture and vehicles | 24 | €44,205 | €33,154 | -€11,051 | -25.0% |
| Leasing and similar rights | 25 | €10,889 | €8,258 | -€2,631 | -24.2% |
| Other tangible fixed assets | 26 | €44,158 | €61,085 | +€16,927 | +38.3% |
| Current assets | 29/58 | €59,626 | €30,446 | -€29,180 | -48.9% |
| Stocks and contracts in progress | 3 | €9,714 | €5,049 | -€4,665 | -48.0% |
| Stocks | 30/36 | €9,714 | €5,049 | -€4,665 | -48.0% |
| Amounts receivable within one year | 40/41 | €12,924 | €0 | -€12,924 | -100% |
| Trade receivables | 40 | €12,924 | €0 | -€12,924 | -100% |
| Cash at bank and in hand | 54/58 | €36,988 | €25,397 | -€11,591 | -31.3% |
| Total equity and liabilities | 10/49 | €187,652 | €149,407 | -€38,245 | -20.4% |
| Equity | 10/15 | -€26,932 | -€130,364 | -€103,431 | -384% |
| Contributions | 10/11 | €60,000 | €66,000 | +€6,000 | +10.0% |
| Reserves | 13 | €7,978 | €1,978 | -€6,000 | -75.2% |
| Non-distributable reserves | 130/1 | €6,000 | - | -€6,000 | |
| Reserves not available under the articles | 1311 | €6,000 | - | -€6,000 | |
| Distributable reserves | 133 | €1,978 | €1,978 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,910 | -€198,342 | -€103,431 | -109% |
| Amounts payable | 17/49 | €214,584 | €279,771 | +€65,186 | +30.4% |
| Amounts payable after more than one year | 17 | €26,058 | €18,108 | -€7,950 | -30.5% |
| Financial debts | 170/4 | €26,058 | €18,108 | -€7,950 | -30.5% |
| Amounts payable within one year | 42/48 | €187,221 | €259,066 | +€71,845 | +38.4% |
| Current portion of amounts payable after more than one year | 42 | €7,704 | €7,950 | +€246 | +3.2% |
| Trade debts | 44 | €61,431 | €109,955 | +€48,524 | +79.0% |
| Suppliers | 440/4 | €61,431 | €109,955 | +€48,524 | +79.0% |
| Taxes, remuneration and social security | 45 | €51,721 | €65,754 | +€14,033 | +27.1% |
| Taxes | 450/3 | €8,900 | €10,906 | +€2,006 | +22.5% |
| Remuneration and social security | 454/9 | €42,821 | €54,848 | +€12,027 | +28.1% |
| Other amounts payable | 47/48 | €66,365 | €75,406 | +€9,041 | +13.6% |
| Accrued charges and deferred income | 492/3 | €1,305 | €2,597 | +€1,292 | +99.0% |
| Remuneration, social security and pensions | 62 | €153,771 | €171,500 | +€17,729 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,349 | €36,614 | +€1,265 | +3.6% |
| Other operating charges | 640/8 | €12,725 | €3,287 | -€9,438 | -74.2% |
| Gross operating margin | 9900 | €109,587 | €109,661 | +€74 | +0.1% |
| Operating profit (loss) | 9901 | -€92,258 | -€101,740 | -€9,482 | -10.3% |
| Financial income | 75/76B | €2,234 | €0 | -€2,234 | -100.0% |
| Recurring financial income | 75 | €2,234 | €0 | -€2,234 | -100.0% |
| Financial charges | 65/66B | €1,916 | €1,692 | -€225 | -11.7% |
| Recurring financial charges | 65 | €1,916 | €1,692 | -€225 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | -€91,940 | -€103,431 | -€11,491 | -12.5% |
| Profit (loss) for the period | 9904 | -€91,940 | -€103,431 | -€11,491 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€91,940 | -€103,431 | -€11,491 | -12.5% |
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 28 October 2026 via checked.be.