XudoX: 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.
What changed
XudoX
NACE 62.100, Computer programming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€136,297
2024 · €185,844-€49,546
Equity
€890,139
2024 · €753,842+€136,297
Cash
€54,055
2024 · €59,215-€5,159
Balance sheet total
€1.2m
2024 · €1.2m-€9,720
Largest movements
Assets
- Current investments -€51,208
down €51,208 (-7.9%), from €649,826 to €598,618
- Receivables within one year +€39,153
up €39,153 (+14.3%), from €274,369 to €313,522
of which Trade receivables: +€28,414
Equity and liabilities
- Debts after one year -€193,041
down €193,041 (-63.6%), from €303,607 to €110,566
- Reserves +€102,034
up €102,034 (+16.6%), from €613,407 to €715,442
of which Distributable reserves: +€107,729
- Trade debts +€39,143
up €39,143 (+163%), from €24,063 to €63,206
- Profit (loss) carried forward +€34,263
up €34,263, from -€34,165 to €98
Income statement
- Gross operating margin -€144,784
down €144,784 (-36.1%), from €400,546 to €255,762
- Financial income +€73,253
up €73,253 (+2,801%), from €2,615 to €75,868
- Taxes +€29,112
up €29,112 (+1,504%), from €1,935 to €31,046
- Other operating charges -€7,689
down €7,689 (-73.5%), from €10,465 to €2,776
- Financial charges -€4,895
down €4,895 (-33.7%), from €14,517 to €9,621
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.
Result 2024
€185,844
Gross operating margin
-€144,784
Staff costs
+€238
Depreciation
+€1,424
Other operating charges
+€7,689
Financial income
+€73,253
Financial charges
+€4,895
Taxes
-€29,112
Deferred taxes and other
+€36,850
Result 2025
€136,297
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€171,928
Investment
+€11,147
Financing
-€188,234
Cash 2024
€59,215
From operations (derived)
+€171,928
Net result for the year
+€136,297
Depreciation
+€36,399
Receivables within one year
-€39,153
Deferred charges and accrued income
-€3,831
Provisions
-€1,898
Trade debts
+€39,143
Smaller working-capital items
-€266
Accrued charges and deferred income
+€5,237
Investment (derived)
+€11,147
Investment in fixed assets (net)
-€40,061
Current investments
+€51,208
Financing
-€188,234
Debts after one year
-€193,041
Current portion of long-term debt
+€319
Short-term financial debts
+€4,489
Cash 2025
€54,055
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,229,622 | €1,219,901 | -€9,720 | -0.8% |
| Fixed assets | 21/28 | €238,802 | €242,465 | +€3,662 | +1.5% |
| Tangible fixed assets | 22/27 | €238,802 | €242,465 | +€3,662 | +1.5% |
| Land and buildings | 22 | €32,800 | €16,400 | -€16,400 | -50.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €34,963 | €33,122 | -€1,841 | -5.3% |
| Other tangible fixed assets | 26 | €171,040 | €192,943 | +€21,904 | +12.8% |
| Current assets | 29/58 | €990,819 | €977,436 | -€13,383 | -1.4% |
| Amounts receivable within one year | 40/41 | €274,369 | €313,522 | +€39,153 | +14.3% |
| Trade receivables | 40 | €247,727 | €276,141 | +€28,414 | +11.5% |
| Other amounts receivable | 41 | €26,643 | €37,381 | +€10,739 | +40.3% |
| Current investments | 50/53 | €649,826 | €598,618 | -€51,208 | -7.9% |
| Cash at bank and in hand | 54/58 | €59,215 | €54,055 | -€5,159 | -8.7% |
| Deferred charges and accrued income | 490/1 | €7,410 | €11,241 | +€3,831 | +51.7% |
| Total equity and liabilities | 10/49 | €1,229,622 | €1,219,901 | -€9,720 | -0.8% |
| Equity | 10/15 | €753,842 | €890,139 | +€136,297 | +18.1% |
| Contributions | 10/11 | €174,600 | €174,600 | = | 0.0% |
| Reserves | 13 | €613,407 | €715,442 | +€102,034 | +16.6% |
| Tax-exempt reserves | 132 | €104,855 | €99,161 | -€5,695 | -5.4% |
| Distributable reserves | 133 | €508,552 | €616,281 | +€107,729 | +21.2% |
| Profit (loss) carried forward | 14 | -€34,165 | €98 | +€34,263 | |
| Provisions and deferred taxes | 16 | €34,952 | €33,054 | -€1,898 | -5.4% |
| Deferred taxes | 168 | €34,952 | €33,054 | -€1,898 | -5.4% |
| Amounts payable | 17/49 | €440,828 | €296,709 | -€144,119 | -32.7% |
| Amounts payable after more than one year | 17 | €303,607 | €110,566 | -€193,041 | -63.6% |
| Financial debts | 170/4 | €303,607 | €110,566 | -€193,041 | -63.6% |
| Amounts payable within one year | 42/48 | €89,353 | €133,038 | +€43,685 | +48.9% |
| Current portion of amounts payable after more than one year | 42 | €16,723 | €17,041 | +€319 | +1.9% |
| Financial debts | 43 | €2,441 | €6,930 | +€4,489 | +184% |
| Credit institutions | 430/8 | €2,441 | €6,930 | +€4,489 | +184% |
| Trade debts | 44 | €24,063 | €63,206 | +€39,143 | +163% |
| Suppliers | 440/4 | €24,063 | €63,206 | +€39,143 | +163% |
| Taxes, remuneration and social security | 45 | €45,293 | €45,114 | -€180 | -0.4% |
| Taxes | 450/3 | €32,736 | €30,554 | -€2,182 | -6.7% |
| Remuneration and social security | 454/9 | €12,557 | €14,559 | +€2,002 | +15.9% |
| Other amounts payable | 47/48 | €833 | €747 | -€86 | -10.3% |
| Accrued charges and deferred income | 492/3 | €47,867 | €53,104 | +€5,237 | +10.9% |
| Non-recurring operating income | 76A | €141,428 | €0 | -€141,428 | -100% |
| Remuneration, social security and pensions | 62 | €117,625 | €117,388 | -€238 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,823 | €36,399 | -€1,424 | -3.8% |
| Other operating charges | 640/8 | €10,465 | €2,776 | -€7,689 | -73.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €400,546 | €255,762 | -€144,784 | -36.1% |
| Operating profit (loss) | 9901 | €234,632 | €99,199 | -€135,433 | -57.7% |
| Financial income | 75/76B | €2,615 | €75,868 | +€73,253 | +2,801% |
| Recurring financial income | 75 | €2,615 | €75,868 | +€73,253 | +2,801% |
| Financial charges | 65/66B | €14,517 | €9,621 | -€4,895 | -33.7% |
| Recurring financial charges | 65 | €14,517 | €9,621 | -€4,895 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €222,730 | €165,446 | -€57,285 | -25.7% |
| Transfer from deferred taxes | 780 | €405 | €1,898 | +€1,493 | +368% |
| Transfer to deferred taxes | 680 | €35,357 | €0 | -€35,357 | -100% |
| Income taxes | 67/77 | €1,935 | €31,046 | +€29,112 | +1,504% |
| Profit (loss) for the period | 9904 | €185,844 | €136,297 | -€49,546 | -26.7% |
| Transfer from tax-exempt reserves | 789 | €1,216 | €5,695 | +€4,478 | +368% |
| Transfer to tax-exempt reserves | 689 | €106,071 | €0 | -€106,071 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €80,989 | €141,992 | +€61,003 | +75.3% |
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 13 October 2026 via checked.be.