XVU: 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.
XVU
Largest movements
- Cash +€68,750
up €68,750 (+350.5%), from €19,616 to €88,365
mainly Net result for the year (+€66,317) and Tax, wage and social debts (+€1,374)
- Reserves +€66,317
up €66,317 (+31.7%), from €209,359 to €275,675
- Gross operating margin +€42,232
up €42,232 (+73.7%), from €57,323 to €99,555
- Taxes +€13,374
up €13,374 (+73.1%), from €18,294 to €31,668
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 | €239,708 | €307,548 | +€67,840 | +28.3% |
| Fixed assets | 21/28 | €219,426 | €218,430 | -€996 | -0.5% |
| Tangible fixed assets | 22/27 | €2,512 | €1,516 | -€996 | -39.7% |
| Plant, machinery and equipment | 23 | €2,325 | €1,516 | -€809 | -34.8% |
| Furniture and vehicles | 24 | €187 | €0 | -€187 | -100.0% |
| Financial fixed assets | 28 | €216,913 | €216,913 | = | 0.0% |
| Current assets | 29/58 | €20,282 | €89,118 | +€68,837 | +339.4% |
| Cash at bank and in hand | 54/58 | €19,616 | €88,365 | +€68,750 | +350.5% |
| Deferred charges and accrued income | 490/1 | €666 | €753 | +€87 | +13.1% |
| Total equity and liabilities | 10/49 | €239,708 | €307,548 | +€67,840 | +28.3% |
| Equity | 10/15 | €239,359 | €305,675 | +€66,317 | +27.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €209,359 | €275,675 | +€66,317 | +31.7% |
| Distributable reserves | 133 | €209,359 | €275,675 | +€66,317 | +31.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €349 | €1,873 | +€1,524 | +436.6% |
| Amounts payable within one year | 42/48 | €349 | €1,873 | +€1,524 | +436.6% |
| Trade debts | 44 | €55 | €204 | +€149 | +270.5% |
| Suppliers | 440/4 | €55 | €204 | +€149 | +270.5% |
| Taxes, remuneration and social security | 45 | €294 | €1,668 | +€1,374 | +467.8% |
| Taxes | 450/3 | €294 | €1,668 | +€1,374 | +467.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,067 | €996 | -€71 | -6.6% |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340.4% |
| Gross operating margin | 9900 | €57,323 | €99,555 | +€42,232 | +73.7% |
| Operating profit (loss) | 9901 | €56,138 | €98,039 | +€41,901 | +74.6% |
| Financial charges | 65/66B | €51 | €54 | +€3 | +5.9% |
| Recurring financial charges | 65 | €51 | €54 | +€3 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €56,087 | €97,985 | +€41,898 | +74.7% |
| Income taxes | 67/77 | €18,294 | €31,668 | +€13,374 | +73.1% |
| Profit (loss) for the period | 9904 | €37,793 | €66,317 | +€28,523 | +75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,793 | €66,317 | +€28,523 | +75.5% |
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 12 October 2026 via checked.be.