XVE CMF: 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.
XVE CMF
Largest movements
- Cash -€420,923
down €420,923 (-69.5%), from €605,593 to €184,670
mainly Current investments (-€400,000) and Receivables within one year (-€245,824)
- Current investments +€400,000
new in 2025: €400,000
- Receivables within one year +€245,824
up €245,824 (+236.9%), from €103,755 to €349,579
- Deferred charges and accrued income +€18,353
up €18,353 (+458.5%), from €4,003 to €22,356
- Profit (loss) carried forward +€306,997
up €306,997 (+51.4%), from €597,473 to €904,470
- Tax, wage and social debts -€57,155
down €57,155 (-70.6%), from €80,977 to €23,822
- Debts after one year -€12,349
down €12,349 (-27.4%), from €45,109 to €32,760
- Gross operating margin +€51,818
up €51,818 (+14.7%), from €351,555 to €403,373
- Taxes +€27,921
up €27,921 (+34.5%), from €80,901 to €108,822
- Financial income +€24,573
up €24,573 (+976.3%), from €2,517 to €27,090
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.
Cash bridge derived
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 | €736,430 | €973,501 | +€237,071 | +32.2% |
| Fixed assets | 21/28 | €23,079 | €16,896 | -€6,183 | -26.8% |
| Tangible fixed assets | 22/27 | €23,079 | €16,896 | -€6,183 | -26.8% |
| Furniture and vehicles | 24 | €23,079 | €16,896 | -€6,183 | -26.8% |
| Current assets | 29/58 | €713,351 | €956,604 | +€243,253 | +34.1% |
| Amounts receivable within one year | 40/41 | €103,755 | €349,579 | +€245,824 | +236.9% |
| Other amounts receivable | 41 | €103,755 | €349,579 | +€245,824 | +236.9% |
| Current investments | 50/53 | - | €400,000 | +€400,000 | |
| Cash at bank and in hand | 54/58 | €605,593 | €184,670 | -€420,923 | -69.5% |
| Deferred charges and accrued income | 490/1 | €4,003 | €22,356 | +€18,353 | +458.5% |
| Total equity and liabilities | 10/49 | €736,430 | €973,501 | +€237,071 | +32.2% |
| Equity | 10/15 | €597,573 | €904,570 | +€306,997 | +51.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €597,473 | €904,470 | +€306,997 | +51.4% |
| Amounts payable | 17/49 | €138,857 | €68,930 | -€69,927 | -50.4% |
| Amounts payable after more than one year | 17 | €45,109 | €32,760 | -€12,349 | -27.4% |
| Financial debts | 170/4 | €45,109 | €32,760 | -€12,349 | -27.4% |
| Amounts payable within one year | 42/48 | €93,748 | €36,170 | -€57,578 | -61.4% |
| Current portion of amounts payable after more than one year | 42 | €12,771 | €12,349 | -€422 | -3.3% |
| Taxes, remuneration and social security | 45 | €80,977 | €23,822 | -€57,155 | -70.6% |
| Taxes | 450/3 | €80,977 | €23,822 | -€57,155 | -70.6% |
| Remuneration, social security and pensions | 62 | €7,523 | €7,523 | +€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,181 | €6,181 | +€0 | 0.0% |
| Gross operating margin | 9900 | €351,555 | €403,373 | +€51,818 | +14.7% |
| Operating profit (loss) | 9901 | €337,851 | €389,669 | +€51,818 | +15.3% |
| Financial income | 75/76B | €2,517 | €27,090 | +€24,573 | +976.3% |
| Recurring financial income | 75 | €2,517 | €27,090 | +€24,573 | +976.3% |
| Financial charges | 65/66B | €2,249 | €940 | -€1,309 | -58.2% |
| Recurring financial charges | 65 | €2,249 | €940 | -€1,309 | -58.2% |
| Profit (loss) for the period before taxes | 9903 | €338,119 | €415,820 | +€77,701 | +23.0% |
| Income taxes | 67/77 | €80,901 | €108,822 | +€27,921 | +34.5% |
| Profit (loss) for the period | 9904 | €257,218 | €306,998 | +€49,780 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €257,218 | €306,998 | +€49,780 | +19.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.