XU & WU: 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 & WU
Largest movements
- Receivables within one year +€2,878
up €2,878 (+2,603%), from €111 to €2,988
- Tangible fixed assets -€1,891
down €1,891 (-18.8%), from €10,068 to €8,177
- Cash -€1,830
down €1,830 (-11.0%), from €16,566 to €14,736
mainly Other debts (-€4,869) and Receivables within one year (-€2,878)
- Other debts -€4,869
down €4,869 (-76.4%), from €6,376 to €1,507
- Reserves +€4,569
up €4,569 (+228%), from €2,000 to €6,569
- Trade debts -€2,516
no longer reported in 2025 (was €2,516)
- Tax, wage and social debts +€1,973
up €1,973 (+354%), from €557 to €2,531
of which Taxes: +€1,718
- Gross operating margin -€17,811
down €17,811 (-59.8%), from €29,771 to €11,961
- Staff costs -€5,456
down €5,456 (-93.0%), from €5,866 to €411
- Taxes +€1,718
up €1,718 (+308%), from €557 to €2,275
- Other operating charges -€1,248
down €1,248 (-32.4%), from €3,854 to €2,606
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 | €26,745 | €25,901 | -€843 | -3.2% |
| Fixed assets | 21/28 | €10,068 | €8,177 | -€1,891 | -18.8% |
| Tangible fixed assets | 22/27 | €10,068 | €8,177 | -€1,891 | -18.8% |
| Plant, machinery and equipment | 23 | €10,068 | €8,177 | -€1,891 | -18.8% |
| Current assets | 29/58 | €16,677 | €17,724 | +€1,048 | +6.3% |
| Amounts receivable within one year | 40/41 | €111 | €2,988 | +€2,878 | +2,603% |
| Other amounts receivable | 41 | €111 | €2,988 | +€2,878 | +2,603% |
| Cash at bank and in hand | 54/58 | €16,566 | €14,736 | -€1,830 | -11.0% |
| Total equity and liabilities | 10/49 | €26,745 | €25,901 | -€843 | -3.2% |
| Equity | 10/15 | €17,295 | €21,864 | +€4,569 | +26.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €6,569 | +€4,569 | +228% |
| Distributable reserves | 133 | €2,000 | €6,569 | +€4,569 | +228% |
| Profit (loss) carried forward | 14 | €295 | €295 | = | 0.0% |
| Amounts payable | 17/49 | €9,450 | €4,038 | -€5,412 | -57.3% |
| Amounts payable within one year | 42/48 | €9,450 | €4,038 | -€5,412 | -57.3% |
| Trade debts | 44 | €2,516 | - | -€2,516 | |
| Suppliers | 440/4 | €2,516 | - | -€2,516 | |
| Taxes, remuneration and social security | 45 | €557 | €2,531 | +€1,973 | +354% |
| Taxes | 450/3 | €557 | €2,275 | +€1,718 | +308% |
| Remuneration and social security | 454/9 | - | €255 | +€255 | |
| Other amounts payable | 47/48 | €6,376 | €1,507 | -€4,869 | -76.4% |
| Remuneration, social security and pensions | 62 | €5,866 | €411 | -€5,456 | -93.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,646 | €1,891 | +€245 | +14.9% |
| Other operating charges | 640/8 | €3,854 | €2,606 | -€1,248 | -32.4% |
| Gross operating margin | 9900 | €29,771 | €11,961 | -€17,811 | -59.8% |
| Operating profit (loss) | 9901 | €18,405 | €7,053 | -€11,352 | -61.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €468 | €239 | -€229 | -49.0% |
| Recurring financial charges | 65 | €468 | €239 | -€229 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | €17,936 | €6,815 | -€11,122 | -62.0% |
| Income taxes | 67/77 | €557 | €2,275 | +€1,718 | +308% |
| Profit (loss) for the period | 9904 | €17,379 | €4,539 | -€12,840 | -73.9% |
| Transfer from tax-exempt reserves | 789 | - | €30 | +€30 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,379 | €4,569 | -€12,811 | -73.7% |
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 19 October 2026 via checked.be.