D'XANTHO: 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.
D'XANTHO
Largest movements
- Deferred charges and accrued income -€18,007
down €18,007 (-99.7%), from €18,059 to €52
- Tangible fixed assets -€16,340
down €16,340 (-3.7%), from €437,923 to €421,583
of which Land and buildings: -€15,514
- Reserves +€124,227
up €124,227 (+406.5%), from €30,557 to €154,783
- Profit (loss) carried forward -€90,219
no longer reported in 2025 (was €90,219)
- Other debts -€37,642
down €37,642 (-16.1%), from €233,580 to €195,938
- Debts after one year -€36,321
down €36,321 (-21.6%), from €167,906 to €131,585
- Tax, wage and social debts +€8,714
up €8,714 (+93.5%), from €9,321 to €18,036
of which Taxes: +€8,861
- Taxes +€9,594
up €9,594 (+101.4%), from €9,460 to €19,054
- Gross operating margin +€9,549
up €9,549 (+13.6%), from €70,388 to €79,937
- Depreciation -€2,956
down €2,956 (-15.2%), from €19,421 to €16,465
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 | €839,422 | €810,024 | -€29,398 | -3.5% |
| Fixed assets | 21/28 | €811,600 | €795,135 | -€16,465 | -2.0% |
| Intangible fixed assets | 21 | €237 | €112 | -€125 | -52.6% |
| Tangible fixed assets | 22/27 | €437,923 | €421,583 | -€16,340 | -3.7% |
| Land and buildings | 22 | €436,198 | €420,684 | -€15,514 | -3.6% |
| Furniture and vehicles | 24 | €1,725 | €899 | -€826 | -47.9% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Financial fixed assets | 28 | €373,440 | €373,440 | = | 0.0% |
| Current assets | 29/58 | €27,823 | €14,889 | -€12,934 | -46.5% |
| Amounts receivable within one year | 40/41 | €5,935 | €4,753 | -€1,182 | -19.9% |
| Trade receivables | 40 | €5,935 | €4,753 | -€1,182 | -19.9% |
| Cash at bank and in hand | 54/58 | €3,828 | €10,084 | +€6,255 | +163.4% |
| Deferred charges and accrued income | 490/1 | €18,059 | €52 | -€18,007 | -99.7% |
| Total equity and liabilities | 10/49 | €839,422 | €810,024 | -€29,398 | -3.5% |
| Equity | 10/15 | €381,276 | €415,283 | +€34,008 | +8.9% |
| Contributions | 10/11 | €260,500 | €260,500 | = | 0.0% |
| Reserves | 13 | €30,557 | €154,783 | +€124,227 | +406.5% |
| Distributable reserves | 133 | €30,557 | €154,783 | +€124,227 | +406.5% |
| Profit (loss) carried forward | 14 | €90,219 | - | -€90,219 | |
| Amounts payable | 17/49 | €458,147 | €394,740 | -€63,406 | -13.8% |
| Amounts payable after more than one year | 17 | €167,906 | €131,585 | -€36,321 | -21.6% |
| Financial debts | 170/4 | €167,906 | €131,585 | -€36,321 | -21.6% |
| Amounts payable within one year | 42/48 | €290,240 | €263,155 | -€27,085 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €34,856 | €35,289 | +€433 | +1.2% |
| Financial debts | 43 | €5,533 | €2,532 | -€3,001 | -54.2% |
| Credit institutions | 430/8 | €5,533 | €2,532 | -€3,001 | -54.2% |
| Trade debts | 44 | €6,950 | €11,360 | +€4,410 | +63.4% |
| Suppliers | 440/4 | €6,950 | €11,360 | +€4,410 | +63.4% |
| Taxes, remuneration and social security | 45 | €9,321 | €18,036 | +€8,714 | +93.5% |
| Taxes | 450/3 | €7,238 | €16,099 | +€8,861 | +122.4% |
| Remuneration and social security | 454/9 | €2,083 | €1,936 | -€147 | -7.1% |
| Other amounts payable | 47/48 | €233,580 | €195,938 | -€37,642 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,421 | €16,465 | -€2,956 | -15.2% |
| Other operating charges | 640/8 | €4,057 | €3,584 | -€473 | -11.7% |
| Gross operating margin | 9900 | €70,388 | €79,937 | +€9,549 | +13.6% |
| Operating profit (loss) | 9901 | €46,910 | €59,888 | +€12,978 | +27.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | +128.6% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +128.6% |
| Financial charges | 65/66B | €4,609 | €3,846 | -€763 | -16.5% |
| Recurring financial charges | 65 | €4,609 | €3,846 | -€763 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €42,301 | €56,042 | +€13,741 | +32.5% |
| Income taxes | 67/77 | €9,460 | €19,054 | +€9,594 | +101.4% |
| Profit (loss) for the period | 9904 | €32,841 | €36,988 | +€4,147 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,841 | €36,988 | +€4,147 | +12.6% |
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 5 October 2026 via checked.be.