XANLOG: what changed
XANLOG
Largest movements
- Cash +€28,037
up €28,037 (+29.2%), from €96,149 to €124,186
mainly Net result for the year (+€57,465) and Depreciation (+€17,294)
- Current investments +€27,665
up €27,665 (+4.2%), from €653,460 to €681,125
- Tangible fixed assets -€17,294
down €17,294 (-31.7%), from €54,581 to €37,287
of which Furniture and vehicles: -€16,161
- Receivables within one year +€10,532
up €10,532 (+24.1%), from €43,690 to €54,222
of which Other amounts receivable: +€23,296
- Reserves +€55,865
up €55,865 (+7.2%), from €772,658 to €828,523
of which Distributable reserves: +€55,865
- Debts after one year -€10,116
down €10,116 (-100%), from €10,116 to €0
- Financial income +€2,103
up €2,103 (+7.0%), from €30,028 to €32,131
- Financial charges -€1,678
down €1,678 (-35.9%), from €4,672 to €2,993
- Gross operating margin -€1,577
down €1,577 (-2.3%), from €67,478 to €65,901
- Taxes -€680
down €680 (-3.4%), from €19,934 to €19,253
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €847,880 | €897,771 | +€49,891 | +5.9% |
| Fixed assets | 21/28 | €54,581 | €37,287 | -€17,294 | -31.7% |
| Tangible fixed assets | 22/27 | €54,581 | €37,287 | -€17,294 | -31.7% |
| Land and buildings | 22 | €1,720 | €587 | -€1,134 | -65.9% |
| Furniture and vehicles | 24 | €52,860 | €36,700 | -€16,161 | -30.6% |
| Current assets | 29/58 | €793,299 | €860,484 | +€67,185 | +8.5% |
| Amounts receivable within one year | 40/41 | €43,690 | €54,222 | +€10,532 | +24.1% |
| Trade receivables | 40 | €33,924 | €21,159 | -€12,764 | -37.6% |
| Other amounts receivable | 41 | €9,767 | €33,063 | +€23,296 | +239% |
| Current investments | 50/53 | €653,460 | €681,125 | +€27,665 | +4.2% |
| Cash at bank and in hand | 54/58 | €96,149 | €124,186 | +€28,037 | +29.2% |
| Deferred charges and accrued income | 490/1 | - | €951 | +€951 | |
| Total equity and liabilities | 10/49 | €847,880 | €897,771 | +€49,891 | +5.9% |
| Equity | 10/15 | €778,982 | €834,847 | +€55,865 | +7.2% |
| Contributions | 10/11 | €6,324 | €6,324 | = | 0.0% |
| Reserves | 13 | €772,658 | €828,523 | +€55,865 | +7.2% |
| Non-distributable reserves | 130/1 | €22,200 | €22,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,200 | €22,200 | = | 0.0% |
| Distributable reserves | 133 | €750,458 | €806,323 | +€55,865 | +7.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €68,898 | €62,924 | -€5,974 | -8.7% |
| Amounts payable after more than one year | 17 | €10,116 | €0 | -€10,116 | -100% |
| Financial debts | 170/4 | €10,116 | €0 | -€10,116 | -100% |
| Amounts payable within one year | 42/48 | €58,782 | €60,888 | +€2,105 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €12,936 | €10,116 | -€2,821 | -21.8% |
| Trade debts | 44 | €1,017 | €2,149 | +€1,133 | +111% |
| Suppliers | 440/4 | €1,017 | €2,149 | +€1,133 | +111% |
| Taxes, remuneration and social security | 45 | €13,770 | €18,848 | +€5,078 | +36.9% |
| Taxes | 450/3 | €13,770 | €18,848 | +€5,078 | +36.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €31,059 | €29,775 | -€1,285 | -4.1% |
| Accrued charges and deferred income | 492/3 | €0 | €2,037 | +€2,037 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,947 | €17,294 | +€347 | +2.1% |
| Other operating charges | 640/8 | €1,125 | €1,026 | -€99 | -8.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €67,478 | €65,901 | -€1,577 | -2.3% |
| Operating profit (loss) | 9901 | €49,406 | €47,581 | -€1,826 | -3.7% |
| Financial income | 75/76B | €30,028 | €32,131 | +€2,103 | +7.0% |
| Recurring financial income | 75 | €30,028 | €32,131 | +€2,103 | +7.0% |
| Financial charges | 65/66B | €4,672 | €2,993 | -€1,678 | -35.9% |
| Recurring financial charges | 65 | €4,672 | €2,993 | -€1,678 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €74,762 | €76,718 | +€1,956 | +2.6% |
| Income taxes | 67/77 | €19,934 | €19,253 | -€680 | -3.4% |
| Profit (loss) for the period | 9904 | €54,829 | €57,465 | +€2,636 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,829 | €57,465 | +€2,636 | +4.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.