XWOOD: 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.
XWOOD
Largest movements
- Cash +€61,291
up €61,291 (+524%), from €11,686 to €72,977
mainly Other debts (+€155,339) and Depreciation (+€87,987)
- Tangible fixed assets +€37,351
up €37,351 (+10.4%), from €358,226 to €395,577
of which Plant, machinery and equipment: +€90,897
- Receivables within one year -€9,279
down €9,279 (-11.8%), from €78,409 to €69,130
of which Other amounts receivable: -€6,516
- Other debts +€155,339
up €155,339 (+206%), from €75,528 to €230,867
- Profit (loss) carried forward -€59,439
down €59,439, from €30,349 to -€29,090
- Trade debts -€14,559
down €14,559 (-52.8%), from €27,593 to €13,034
- Accrued charges and deferred income -€9,290
down €9,290 (-84.5%), from €11,000 to €1,710
- Debts after one year +€9,041
up €9,041 (+2.3%), from €391,537 to €400,578
of which Financial debts: +€9,042
- Gross operating margin -€76,441
down €76,441 (-66.1%), from €115,702 to €39,261
- Depreciation +€46,067
up €46,067 (+110%), from €41,920 to €87,987
- Financial income +€17,129
up €17,129 (+1,486%), from €1,153 to €18,282
of which Non-recurring financial income: +€18,216
- Other operating charges +€15,803
up €15,803 (+342%), from €4,621 to €20,424
- Provisions -€15,000
down €15,000 (-100%), from €15,000 to €0
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 | €609,665 | €693,366 | +€83,701 | +13.7% |
| Fixed assets | 21/28 | €360,186 | €397,277 | +€37,091 | +10.3% |
| Tangible fixed assets | 22/27 | €358,226 | €395,577 | +€37,351 | +10.4% |
| Land and buildings | 22 | €26,250 | €20,000 | -€6,250 | -23.8% |
| Plant, machinery and equipment | 23 | €43,787 | €134,684 | +€90,897 | +208% |
| Furniture and vehicles | 24 | €116,069 | €102,125 | -€13,944 | -12.0% |
| Other tangible fixed assets | 26 | €9,791 | €8,789 | -€1,002 | -10.2% |
| Assets under construction and advance payments | 27 | €162,329 | €129,978 | -€32,351 | -19.9% |
| Financial fixed assets | 28 | €1,960 | €1,700 | -€260 | -13.3% |
| Current assets | 29/58 | €249,479 | €296,089 | +€46,610 | +18.7% |
| Stocks and contracts in progress | 3 | €157,316 | €150,539 | -€6,777 | -4.3% |
| Stocks | 30/36 | €157,316 | €150,539 | -€6,777 | -4.3% |
| Amounts receivable within one year | 40/41 | €78,409 | €69,130 | -€9,279 | -11.8% |
| Trade receivables | 40 | €46,523 | €43,760 | -€2,763 | -5.9% |
| Other amounts receivable | 41 | €31,886 | €25,370 | -€6,516 | -20.4% |
| Cash at bank and in hand | 54/58 | €11,686 | €72,977 | +€61,291 | +524% |
| Deferred charges and accrued income | 490/1 | €2,068 | €3,443 | +€1,375 | +66.5% |
| Total equity and liabilities | 10/49 | €609,665 | €693,366 | +€83,701 | +13.7% |
| Equity | 10/15 | €57,589 | €4,350 | -€53,239 | -92.4% |
| Contributions | 10/11 | €27,240 | €33,440 | +€6,200 | +22.8% |
| Profit (loss) carried forward | 14 | €30,349 | -€29,090 | -€59,439 | |
| Provisions and deferred taxes | 16 | €24,885 | €24,885 | +€0 | 0.0% |
| Provisions for liabilities and charges | 160/5 | €24,885 | €24,885 | +€0 | 0.0% |
| Other liabilities and charges | 164/5 | €24,885 | €24,885 | +€0 | 0.0% |
| Amounts payable | 17/49 | €527,191 | €664,130 | +€136,939 | +26.0% |
| Amounts payable after more than one year | 17 | €391,537 | €400,578 | +€9,041 | +2.3% |
| Financial debts | 170/4 | €62,505 | €71,547 | +€9,042 | +14.5% |
| Other amounts payable | 178/9 | €329,032 | €329,031 | -€1 | 0.0% |
| Amounts payable within one year | 42/48 | €124,654 | €261,842 | +€137,188 | +110% |
| Current portion of amounts payable after more than one year | 42 | €17,215 | €17,713 | +€498 | +2.9% |
| Trade debts | 44 | €27,593 | €13,034 | -€14,559 | -52.8% |
| Suppliers | 440/4 | €27,593 | €13,034 | -€14,559 | -52.8% |
| Taxes, remuneration and social security | 45 | €4,318 | €228 | -€4,090 | -94.7% |
| Taxes | 450/3 | €563 | €228 | -€335 | -59.4% |
| Remuneration and social security | 454/9 | €3,755 | €0 | -€3,755 | -100% |
| Other amounts payable | 47/48 | €75,528 | €230,867 | +€155,339 | +206% |
| Accrued charges and deferred income | 492/3 | €11,000 | €1,710 | -€9,290 | -84.5% |
| Non-recurring operating income | 76A | €65,901 | €454 | -€65,447 | -99.3% |
| Remuneration, social security and pensions | 62 | €2,782 | €826 | -€1,956 | -70.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,920 | €87,987 | +€46,067 | +110% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €15,000 | €0 | -€15,000 | -100% |
| Other operating charges | 640/8 | €4,621 | €20,424 | +€15,803 | +342% |
| Non-recurring operating charges | 66A | €5,318 | €0 | -€5,318 | -100% |
| Gross operating margin | 9900 | €115,702 | €39,261 | -€76,441 | -66.1% |
| Operating profit (loss) | 9901 | €46,061 | -€69,977 | -€116,038 | |
| Financial income | 75/76B | €1,153 | €18,282 | +€17,129 | +1,486% |
| Recurring financial income | 75 | €1,153 | €65 | -€1,088 | -94.3% |
| Non-recurring financial income | 76B | - | €18,216 | +€18,216 | |
| Financial charges | 65/66B | €2,146 | €7,808 | +€5,662 | +264% |
| Recurring financial charges | 65 | €2,146 | €7,808 | +€5,662 | +264% |
| Profit (loss) for the period before taxes | 9903 | €45,068 | -€59,503 | -€104,571 | |
| Income taxes | 67/77 | €500 | -€64 | -€564 | |
| Profit (loss) for the period | 9904 | €44,568 | -€59,439 | -€104,007 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,568 | -€59,439 | -€104,007 |
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 29 October 2026 via checked.be.