XVENT: what changed
Two fiscal 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.
XVENT
Largest movements
- Financial fixed assets -€12.2m
down €12.2m (-75.9%), from €16.1m to €3.9m
- Current investments -€4.4m
down €4.4m (-36.9%), from €12.0m to €7.6m
- Receivables within one year -€2.7m
down €2.7m (-71.8%), from €3.8m to €1.1m
of which Other amounts receivable: -€3.1m
- Cash -€2.7m
down €2.7m (-46.7%), from €5.8m to €3.1m
mainly Contributions, distributions and other (-€22.8m) and Debts after one year (-€769,810)
- Profit (loss) carried forward -€22.0m
down €22.0m (-61.5%), from €35.8m to €13.8m
- Debts after one year -€769,810
down €769,810 (-7.7%), from €10.0m to €9.2m
- Other debts +€506,639
up €506,639 (+2341.8%), from €21,635 to €528,274
- Reserves -€487,134
down €487,134 (-64.8%), from €751,549 to €264,415
of which Non-distributable reserves: -€356,193
- Gross operating margin -€521,429
down €521,429 (-64.4%), from €809,920 to €288,491
- Financial charges -€403,961
down €403,961 (-61.4%), from €657,642 to €253,681
of which Non-recurring financial charges: -€485,703
- Staff costs -€228,628
down €228,628 (-100.0%), from €228,628 to €0
- Depreciation -€72,105
down €72,105 (-11.1%), from €648,912 to €576,807
- Taxes -€47,256
down €47,256, from €824 to -€46,432
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 | €47,771,194 | €24,917,212 | -€22.9m | -47.8% |
| Fixed assets | 21/28 | €26,067,942 | €13,093,685 | -€13.0m | -49.8% |
| Intangible fixed assets | 21 | €274,471 | €0 | -€274,471 | -100.0% |
| Tangible fixed assets | 22/27 | €9,684,787 | €9,207,217 | -€477,570 | -4.9% |
| Land and buildings | 22 | €9,016,877 | €8,745,781 | -€271,095 | -3.0% |
| Plant, machinery and equipment | 23 | €487,031 | €221,774 | -€265,257 | -54.5% |
| Furniture and vehicles | 24 | €46,391 | €63,174 | +€16,783 | +36.2% |
| Other tangible fixed assets | 26 | €134,488 | €134,488 | = | 0.0% |
| Assets under construction and advance payments | 27 | - | €42,000 | +€42,000 | |
| Financial fixed assets | 28 | €16,108,684 | €3,886,468 | -€12.2m | -75.9% |
| Current assets | 29/58 | €21,703,251 | €11,823,527 | -€9.9m | -45.5% |
| Amounts receivable after more than one year | 29 | €65,041 | €65,041 | = | 0.0% |
| Other amounts receivable | 291 | €65,041 | €65,041 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,774,886 | €1,062,891 | -€2.7m | -71.8% |
| Trade receivables | 40 | €3,121 | €366,306 | +€363,185 | +11637.3% |
| Other amounts receivable | 41 | €3,771,765 | €696,585 | -€3.1m | -81.5% |
| Current investments | 50/53 | €11,988,756 | €7,568,515 | -€4.4m | -36.9% |
| Cash at bank and in hand | 54/58 | €5,788,567 | €3,083,834 | -€2.7m | -46.7% |
| Deferred charges and accrued income | 490/1 | €86,001 | €43,246 | -€42,755 | -49.7% |
| Total equity and liabilities | 10/49 | €47,771,194 | €24,917,212 | -€22.9m | -47.8% |
| Equity | 10/15 | €36,610,339 | €14,085,955 | -€22.5m | -61.5% |
| Contributions | 10/11 | €100,000 | €61,500 | -€38,500 | -38.5% |
| Capital | 10 | €100,000 | €61,500 | -€38,500 | -38.5% |
| Issued capital | 100 | €100,000 | €61,500 | -€38,500 | -38.5% |
| Reserves | 13 | €751,549 | €264,415 | -€487,134 | -64.8% |
| Non-distributable reserves | 130/1 | €577,048 | €220,855 | -€356,193 | -61.7% |
| Legal reserve | 130 | €577,048 | €220,855 | -€356,193 | -61.7% |
| Tax-exempt reserves | 132 | €72,501 | €27,749 | -€44,753 | -61.7% |
| Distributable reserves | 133 | €102,000 | €15,812 | -€86,188 | -84.5% |
| Profit (loss) carried forward | 14 | €35,758,789 | €13,760,040 | -€22.0m | -61.5% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Amounts payable | 17/49 | €11,160,855 | €10,831,257 | -€329,598 | -3.0% |
| Amounts payable after more than one year | 17 | €9,988,411 | €9,218,601 | -€769,810 | -7.7% |
| Financial debts | 170/4 | €9,988,411 | €9,218,601 | -€769,810 | -7.7% |
| Amounts payable within one year | 42/48 | €979,255 | €1,360,183 | +€380,927 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | €753,827 | €769,810 | +€15,984 | +2.1% |
| Trade debts | 44 | €127,214 | €44,373 | -€82,840 | -65.1% |
| Suppliers | 440/4 | €127,214 | €44,373 | -€82,840 | -65.1% |
| Advances received on contracts in progress | 46 | €23,595 | €0 | -€23,595 | -100.0% |
| Taxes, remuneration and social security | 45 | €52,985 | €17,725 | -€35,260 | -66.5% |
| Taxes | 450/3 | €11,889 | €17,725 | +€5,836 | +49.1% |
| Remuneration and social security | 454/9 | €41,096 | €0 | -€41,096 | -100.0% |
| Other amounts payable | 47/48 | €21,635 | €528,274 | +€506,639 | +2341.8% |
| Accrued charges and deferred income | 492/3 | €193,188 | €252,474 | +€59,285 | +30.7% |
| Remuneration, social security and pensions | 62 | €228,628 | €0 | -€228,628 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €648,912 | €576,807 | -€72,105 | -11.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€40,000 | €0 | +€40,000 | |
| Other operating charges | 640/8 | €49,992 | €63,843 | +€13,851 | +27.7% |
| Gross operating margin | 9900 | €809,920 | €288,491 | -€521,429 | -64.4% |
| Operating profit (loss) | 9901 | -€77,613 | -€352,159 | -€274,546 | -353.7% |
| Financial income | 75/76B | €755,865 | €791,941 | +€36,076 | +4.8% |
| Recurring financial income | 75 | €755,865 | €791,941 | +€36,076 | +4.8% |
| Financial charges | 65/66B | €657,642 | €253,681 | -€403,961 | -61.4% |
| Recurring financial charges | 65 | €171,939 | €253,681 | +€81,742 | +47.5% |
| Non-recurring financial charges | 66B | €485,703 | €0 | -€485,703 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €20,610 | €186,101 | +€165,491 | +803.0% |
| Income taxes | 67/77 | €824 | -€46,432 | -€47,256 | |
| Profit (loss) for the period | 9904 | €19,786 | €232,533 | +€212,747 | +1075.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,786 | €232,533 | +€212,747 | +1075.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.