XILS: 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.
What changed
XILS
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€48,459
2024 · €1.9m-€1.9m
Equity
€7.8m
2024 · €7.8m+€48,459
Cash
€1.8m
2024 · €1.2m+€547,065
Balance sheet total
€15.7m
2024 · €11.8m+€3.9m
Largest movements
Assets
- Receivables within one year +€2.2m
up €2.2m (+47.3%), from €4.6m to €6.8m
of which Trade receivables: +€2.2m
- Financial fixed assets +€1.0m
up €1.0m (+18.0%), from €5.6m to €6.6m
- Cash +€547,065
up €547,065 (+44.2%), from €1.2m to €1.8m
mainly Other debts (+€3.5m) and Trade debts (+€566,578)
- Intangible fixed assets +€280,814
up €280,814 (+167%), from €168,368 to €449,182
Equity and liabilities
- Other debts +€3.5m
up €3.5m (+112%), from €3.1m to €6.6m
- Trade debts +€566,578
up €566,578 (+85.4%), from €663,552 to €1.2m
Income statement
- Turnover -€1.1m
down €1.1m (-22.0%), from €5.1m to €3.9m
- Financial income -€892,021
down €892,021 (-100.0%), from €892,088 to €67
- Goods and materials -€544,817
down €544,817 (-82.9%), from €657,199 to €112,382
- Services and other goods +€500,095
up €500,095 (+16.2%), from €3.1m to €3.6m
- Taxes -€321,186
down €321,186 (-89.3%), from €359,546 to €38,360
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.
Result 2024
€1.9m
Turnover
-€1.1m
Other operating income
-€185,113
Goods and materials
+€544,817
Services and other goods
-€500,095
Staff costs
-€12,921
Depreciation
-€36,641
Other operating charges
+€154,914
Other operating items
+€20,195
Financial income
-€892,021
Financial charges
-€188,814
Taxes
+€321,186
Result 2025
€48,459
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.9m
Investment
-€1.4m
Financing
-€0
Cash 2024
€1.2m
From operations (derived)
+€1.9m
Net result for the year
+€48,459
Depreciation
+€95,989
Receivables within one year
-€2.2m
Deferred charges and accrued income
+€44,978
Trade debts
+€566,578
Tax, wage and social debts
-€144,495
Other debts
+€3.5m
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€1.4m
Financing
-€0
Contributions, distributions and other
-€0
Cash 2025
€1.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,799,828 | €15,743,270 | +€3.9m | +33.4% |
| Fixed assets | 21/28 | €5,837,704 | €7,099,512 | +€1.3m | +21.6% |
| Intangible fixed assets | 21 | €168,368 | €449,182 | +€280,814 | +167% |
| Tangible fixed assets | 22/27 | €101,047 | €82,042 | -€19,005 | -18.8% |
| Land and buildings | 22 | €82,304 | €70,644 | -€11,660 | -14.2% |
| Furniture and vehicles | 24 | €18,744 | €11,398 | -€7,346 | -39.2% |
| Financial fixed assets | 28 | €5,568,288 | €6,568,288 | +€1.0m | +18.0% |
| Affiliated companies | 280/1 | €5,568,288 | €6,568,288 | +€1.0m | +18.0% |
| Participating interests | 280 | €5,568,288 | €6,568,288 | +€1.0m | +18.0% |
| Current assets | 29/58 | €5,962,124 | €8,643,758 | +€2.7m | +45.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €4,607,898 | €6,787,445 | +€2.2m | +47.3% |
| Trade receivables | 40 | €4,271,849 | €6,511,166 | +€2.2m | +52.4% |
| Other amounts receivable | 41 | €336,050 | €276,279 | -€59,771 | -17.8% |
| Cash at bank and in hand | 54/58 | €1,237,723 | €1,784,788 | +€547,065 | +44.2% |
| Deferred charges and accrued income | 490/1 | €116,503 | €71,525 | -€44,978 | -38.6% |
| Total equity and liabilities | 10/49 | €11,799,828 | €15,743,270 | +€3.9m | +33.4% |
| Equity | 10/15 | €7,774,693 | €7,823,152 | +€48,459 | +0.6% |
| Contributions | 10/11 | €6,301,657 | €6,301,657 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €1,473,036 | €1,521,495 | +€48,459 | +3.3% |
| Amounts payable | 17/49 | €4,025,135 | €7,920,118 | +€3.9m | +96.8% |
| Amounts payable within one year | 42/48 | €4,025,135 | €7,920,118 | +€3.9m | +96.8% |
| Trade debts | 44 | €663,552 | €1,230,130 | +€566,578 | +85.4% |
| Suppliers | 440/4 | €663,552 | €1,230,130 | +€566,578 | +85.4% |
| Taxes, remuneration and social security | 45 | €254,566 | €110,071 | -€144,495 | -56.8% |
| Taxes | 450/3 | €201,923 | €55,975 | -€145,948 | -72.3% |
| Remuneration and social security | 454/9 | €52,643 | €54,096 | +€1,453 | +2.8% |
| Other amounts payable | 47/48 | €3,107,017 | €6,579,917 | +€3.5m | +112% |
| Operating income | 70/76A | €5,660,783 | €4,310,750 | -€1.4m | -23.8% |
| Turnover | 70 | €5,059,600 | €3,947,800 | -€1.1m | -22.0% |
| Own construction capitalised | 72 | €103,325 | €357,797 | +€254,472 | +246% |
| Other operating income | 74 | €190,266 | €5,153 | -€185,113 | -97.3% |
| Non-recurring operating income | 76A | €307,592 | - | -€307,592 | |
| Operating charges | 60/66A | €4,249,986 | €4,026,597 | -€223,389 | -5.3% |
| Goods for resale, raw materials and consumables | 60 | €657,199 | €112,382 | -€544,817 | -82.9% |
| Purchases | 600/8 | €657,199 | €112,382 | -€544,817 | -82.9% |
| Services and other goods | 61 | €3,080,724 | €3,580,819 | +€500,095 | +16.2% |
| Remuneration, social security and pensions | 62 | €223,314 | €236,235 | +€12,921 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,348 | €95,989 | +€36,641 | +61.7% |
| Other operating charges | 640/8 | €156,086 | €1,172 | -€154,914 | -99.2% |
| Non-recurring operating charges | 66A | €73,315 | - | -€73,315 | |
| Operating profit (loss) | 9901 | €1,410,798 | €284,153 | -€1.1m | -79.9% |
| Financial income | 75/76B | €892,088 | €67 | -€892,021 | -100.0% |
| Recurring financial income | 75 | €892,088 | €67 | -€892,021 | -100.0% |
| Income from financial fixed assets | 750 | €892,088 | - | -€892,088 | |
| Other financial income | 752/9 | €0 | €67 | +€67 | |
| Financial charges | 65/66B | €8,587 | €197,401 | +€188,814 | +2,199% |
| Recurring financial charges | 65 | €8,587 | €197,401 | +€188,814 | +2,199% |
| Debt charges | 650 | €6,625 | €5,382 | -€1,243 | -18.8% |
| Other financial charges | 652/9 | €1,962 | €192,019 | +€190,057 | +9,687% |
| Profit (loss) for the period before taxes | 9903 | €2,294,298 | €86,819 | -€2.2m | -96.2% |
| Income taxes | 67/77 | €359,546 | €38,360 | -€321,186 | -89.3% |
| Taxes | 670/3 | €359,546 | €38,360 | -€321,186 | -89.3% |
| Profit (loss) for the period | 9904 | €1,934,752 | €48,459 | -€1.9m | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,934,752 | €48,459 | -€1.9m | -97.5% |
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 31 October 2026 via checked.be.