XWARE ENGINEERING AND TECHNOLOGY: 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.
XWARE ENGINEERING AND TECHNOLOGY
Largest movements
- Cash -€689,755
down €689,755 (-85.9%), from €802,961 to €113,207
mainly Receivables after one year (-€510,000) and Current investments (-€400,000)
- Receivables after one year +€510,000
new in 2025: €510,000
- Current investments +€400,000
up €400,000 (+400.0%), from €100,000 to €500,000
- Receivables within one year +€127,276
up €127,276 (+40.0%), from €318,166 to €445,442
of which Trade receivables: +€95,739
- Intangible fixed assets +€64,481
new in 2025: €64,481
- Profit (loss) carried forward +€266,671
up €266,671 (+31.5%), from €845,993 to €1.1m
- Trade debts +€131,918
up €131,918 (+197.9%), from €66,652 to €198,570
- Tax, wage and social debts -€92,384
down €92,384 (-33.3%), from €277,052 to €184,668
of which Taxes: -€88,259
- Current portion of long-term debt +€75,186
new in 2025: €75,186
- Investment grants +€26,017
new in 2025: €26,017
- Gross operating margin -€189,040
down €189,040 (-23.2%), from €814,575 to €625,535
- Taxes -€41,860
down €41,860 (-30.5%), from €137,179 to €95,319
- Staff costs -€9,090
down €9,090 (-3.4%), from €268,811 to €259,720
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 | €1,231,170 | €1,640,511 | +€409,341 | +33.2% |
| Fixed assets | 21/28 | €7,585 | €71,141 | +€63,556 | +838.0% |
| Intangible fixed assets | 21 | - | €64,481 | +€64,481 | |
| Tangible fixed assets | 22/27 | €3,233 | €2,098 | -€1,135 | -35.1% |
| Plant, machinery and equipment | 23 | €1,972 | €1,147 | -€825 | -41.8% |
| Furniture and vehicles | 24 | €1,261 | €951 | -€310 | -24.6% |
| Financial fixed assets | 28 | €4,352 | €4,562 | +€210 | +4.8% |
| Current assets | 29/58 | €1,223,586 | €1,569,370 | +€345,785 | +28.3% |
| Amounts receivable after more than one year | 29 | - | €510,000 | +€510,000 | |
| Other amounts receivable | 291 | - | €510,000 | +€510,000 | |
| Amounts receivable within one year | 40/41 | €318,166 | €445,442 | +€127,276 | +40.0% |
| Trade receivables | 40 | €318,166 | €413,904 | +€95,739 | +30.1% |
| Other amounts receivable | 41 | - | €31,537 | +€31,537 | |
| Current investments | 50/53 | €100,000 | €500,000 | +€400,000 | +400.0% |
| Cash at bank and in hand | 54/58 | €802,961 | €113,207 | -€689,755 | -85.9% |
| Deferred charges and accrued income | 490/1 | €2,459 | €722 | -€1,737 | -70.6% |
| Total equity and liabilities | 10/49 | €1,231,170 | €1,640,511 | +€409,341 | +33.2% |
| Equity | 10/15 | €885,993 | €1,178,681 | +€292,689 | +33.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Capital | 10 | €40,000 | - | -€40,000 | |
| Issued capital | 100 | €40,000 | - | -€40,000 | |
| Profit (loss) carried forward | 14 | €845,993 | €1,112,664 | +€266,671 | +31.5% |
| Investment grants | 15 | - | €26,017 | +€26,017 | |
| Amounts payable | 17/49 | €345,177 | €461,830 | +€116,652 | +33.8% |
| Amounts payable within one year | 42/48 | €345,177 | €461,830 | +€116,652 | +33.8% |
| Current portion of amounts payable after more than one year | 42 | - | €75,186 | +€75,186 | |
| Trade debts | 44 | €66,652 | €198,570 | +€131,918 | +197.9% |
| Suppliers | 440/4 | €66,652 | €198,570 | +€131,918 | +197.9% |
| Taxes, remuneration and social security | 45 | €277,052 | €184,668 | -€92,384 | -33.3% |
| Taxes | 450/3 | €248,285 | €160,026 | -€88,259 | -35.5% |
| Remuneration and social security | 454/9 | €28,767 | €24,642 | -€4,125 | -14.3% |
| Other amounts payable | 47/48 | €1,474 | €3,406 | +€1,932 | +131.1% |
| Remuneration, social security and pensions | 62 | €268,811 | €259,720 | -€9,090 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €571 | €3,010 | +€2,439 | +427.3% |
| Other operating charges | 640/8 | €4,416 | €513 | -€3,903 | -88.4% |
| Gross operating margin | 9900 | €814,575 | €625,535 | -€189,040 | -23.2% |
| Operating profit (loss) | 9901 | €540,777 | €362,292 | -€178,485 | -33.0% |
| Financial income | 75/76B | €4,688 | €3,707 | -€981 | -20.9% |
| Recurring financial income | 75 | €4,688 | €3,707 | -€981 | -20.9% |
| Financial charges | 65/66B | €2,882 | €4,009 | +€1,127 | +39.1% |
| Recurring financial charges | 65 | €2,882 | €4,009 | +€1,127 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | €542,583 | €361,990 | -€180,593 | -33.3% |
| Income taxes | 67/77 | €137,179 | €95,319 | -€41,860 | -30.5% |
| Profit (loss) for the period | 9904 | €405,404 | €266,671 | -€138,733 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €405,404 | €266,671 | -€138,733 | -34.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.