Xwift Logistics: 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.
Xwift Logistics
Largest movements
- Tangible fixed assets +€527,786
up €527,786 (+61.3%), from €860,470 to €1.4m
of which Assets under construction and advance payments: +€604,642
- Cash +€119,015
up €119,015 (+67.3%), from €176,868 to €295,883
mainly Other debts (+€555,247) and Short-term financial debts (+€265,000)
- Intangible fixed assets -€51,944
down €51,944 (-100%), from €51,944 to €0
- Other debts +€555,247
up €555,247 (+103%), from €539,081 to €1.1m
- Reserves -€310,558
down €310,558 (-66.9%), from €464,074 to €153,516
- Short-term financial debts +€265,000
new in 2025: €265,000
- Trade debts +€100,958
up €100,958 (+2,407%), from €4,195 to €105,153
- Taxes +€147,193
up €147,193, from €0 to €147,193
- Gross operating margin -€54,035
down €54,035, from €44,967 to -€9,068
- Depreciation +€14,295
up €14,295 (+23.4%), from €61,149 to €75,444
- Financial charges +€3,865
up €3,865 (+128%), from €3,014 to €6,879
- Other operating charges -€1,286
down €1,286 (-6.5%), from €19,889 to €18,603
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,122,322 | €1,729,997 | +€607,675 | +54.1% |
| Fixed assets | 21/28 | €912,414 | €1,388,256 | +€475,842 | +52.2% |
| Intangible fixed assets | 21 | €51,944 | €0 | -€51,944 | -100% |
| Tangible fixed assets | 22/27 | €860,470 | €1,388,256 | +€527,786 | +61.3% |
| Land and buildings | 22 | €860,470 | €783,613 | -€76,857 | -8.9% |
| Assets under construction and advance payments | 27 | - | €604,642 | +€604,642 | |
| Current assets | 29/58 | €209,908 | €341,741 | +€131,832 | +62.8% |
| Amounts receivable within one year | 40/41 | €31,896 | €44,687 | +€12,791 | +40.1% |
| Trade receivables | 40 | €13,696 | €12,100 | -€1,596 | -11.7% |
| Other amounts receivable | 41 | €18,200 | €32,587 | +€14,387 | +79.0% |
| Cash at bank and in hand | 54/58 | €176,868 | €295,883 | +€119,015 | +67.3% |
| Deferred charges and accrued income | 490/1 | €1,144 | €1,171 | +€27 | +2.3% |
| Total equity and liabilities | 10/49 | €1,122,322 | €1,729,997 | +€607,675 | +54.1% |
| Equity | 10/15 | €576,074 | €265,516 | -€310,558 | -53.9% |
| Contributions | 10/11 | €112,000 | €112,000 | = | 0.0% |
| Reserves | 13 | €464,074 | €153,516 | -€310,558 | -66.9% |
| Distributable reserves | 133 | €464,074 | €153,516 | -€310,558 | -66.9% |
| Amounts payable | 17/49 | €546,248 | €1,464,480 | +€918,232 | +168% |
| Amounts payable within one year | 42/48 | €546,248 | €1,464,480 | +€918,232 | +168% |
| Financial debts | 43 | - | €265,000 | +€265,000 | |
| Credit institutions | 430/8 | - | €265,000 | +€265,000 | |
| Trade debts | 44 | €4,195 | €105,153 | +€100,958 | +2,407% |
| Suppliers | 440/4 | €4,195 | €105,153 | +€100,958 | +2,407% |
| Taxes, remuneration and social security | 45 | €2,973 | €0 | -€2,973 | -100% |
| Taxes | 450/3 | €2,973 | €0 | -€2,973 | -100% |
| Other amounts payable | 47/48 | €539,081 | €1,094,328 | +€555,247 | +103% |
| Non-recurring operating income | 76A | - | €2,973 | +€2,973 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,149 | €75,444 | +€14,295 | +23.4% |
| Other operating charges | 640/8 | €19,889 | €18,603 | -€1,286 | -6.5% |
| Non-recurring operating charges | 66A | - | €53,372 | +€53,372 | |
| Gross operating margin | 9900 | €44,967 | -€9,068 | -€54,035 | |
| Operating profit (loss) | 9901 | -€36,071 | -€156,486 | -€120,415 | -334% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,014 | €6,879 | +€3,865 | +128% |
| Recurring financial charges | 65 | €3,014 | €6,879 | +€3,865 | +128% |
| Profit (loss) for the period before taxes | 9903 | -€39,085 | -€163,365 | -€124,280 | -318% |
| Income taxes | 67/77 | €0 | €147,193 | +€147,193 | |
| Profit (loss) for the period | 9904 | -€39,085 | -€310,558 | -€271,473 | -695% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,085 | -€310,558 | -€271,473 | -695% |
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 19 October 2026 via checked.be.