GRUPPO XXI: 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
GRUPPO XXI
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€274,705
2024 · €310,648-€585,353
Equity
€40.1m
2024 · €40.4m-€281,705
Cash
€1.4m
2024 · €386,813+€1.0m
Balance sheet total
€49.8m
2024 · €49.0m+€736,617
Largest movements
Assets
- Cash +€1.0m
up €1.0m (+259%), from €386,813 to €1.4m
mainly Debts after one year (+€2.5m) and Receivables within one year (+€456,163)
Equity and liabilities
- Debts after one year +€2.5m
up €2.5m (+4,996%), from €49,576 to €2.5m
- Other debts -€2.0m
down €2.0m (-25.1%), from €7.9m to €5.9m
Income statement
- Other operating charges +€394,032
up €394,032 (+29.6%), from €1.3m to €1.7m
- Other operating income +€338,668
up €338,668 (+24.8%), from €1.4m to €1.7m
- Turnover -€179,050
down €179,050 (-3.7%), from €4.9m to €4.7m
- Services and other goods +€161,668
up €161,668 (+4.0%), from €4.1m to €4.2m
- Financial charges +€144,212
up €144,212 (+63.1%), from €228,618 to €372,830
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
€310,648
Turnover
-€179,050
Other operating income
+€338,668
Services and other goods
-€161,668
Staff costs
-€117,974
Depreciation
-€11,511
Other operating charges
-€394,032
Financial income
+€43,929
Financial charges
-€144,212
Taxes
+€40,496
Result 2025
-€274,705
raises the resultlowers the result
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
-€1.1m
Investment
-€264,485
Financing
+€2.3m
Cash 2024
€386,813
From operations (derived)
-€1.1m
Net result for the year
-€274,705
Depreciation
+€73,864
Receivables within one year
+€456,163
Deferred charges and accrued income
+€5
Trade debts
+€446,715
Tax, wage and social debts
+€8,698
Other debts
-€2.0m
Accrued charges and deferred income
+€226,235
Investment (derived)
-€264,485
Investment in fixed assets (net)
-€73,179
Current investments
-€191,306
Financing
+€2.3m
Debts after one year
+€2.5m
Current portion of long-term debt
+€828
Short-term financial debts
-€150,000
Contributions, distributions and other
-€7,000
Cash 2025
€1.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,031,839 | €49,768,457 | +€736,617 | +1.5% |
| Fixed assets | 21/28 | €38,575,483 | €38,574,798 | -€685 | 0.0% |
| Intangible fixed assets | 21 | €37,676 | €21,844 | -€15,832 | -42.0% |
| Tangible fixed assets | 22/27 | €164,807 | €179,954 | +€15,147 | +9.2% |
| Plant, machinery and equipment | 23 | €31,936 | €79,368 | +€47,432 | +149% |
| Furniture and vehicles | 24 | €123,942 | €90,879 | -€33,063 | -26.7% |
| Other tangible fixed assets | 26 | €8,930 | €9,707 | +€777 | +8.7% |
| Financial fixed assets | 28 | €38,373,000 | €38,373,000 | = | 0.0% |
| Affiliated companies | 280/1 | €38,373,000 | €38,373,000 | = | 0.0% |
| Participating interests | 280 | €38,373,000 | €38,373,000 | = | 0.0% |
| Current assets | 29/58 | €10,456,356 | €11,193,658 | +€737,302 | +7.1% |
| Amounts receivable within one year | 40/41 | €2,253,900 | €1,797,737 | -€456,163 | -20.2% |
| Trade receivables | 40 | €1,785,553 | €1,203,249 | -€582,304 | -32.6% |
| Other amounts receivable | 41 | €468,347 | €594,488 | +€126,141 | +26.9% |
| Current investments | 50/53 | €7,793,704 | €7,985,010 | +€191,306 | +2.5% |
| Other investments | 51/53 | €7,793,704 | €7,985,010 | +€191,306 | +2.5% |
| Cash at bank and in hand | 54/58 | €386,813 | €1,388,977 | +€1.0m | +259% |
| Deferred charges and accrued income | 490/1 | €21,939 | €21,934 | -€5 | 0.0% |
| Total equity and liabilities | 10/49 | €49,031,839 | €49,768,457 | +€736,617 | +1.5% |
| Equity | 10/15 | €40,386,706 | €40,105,001 | -€281,705 | -0.7% |
| Contributions | 10/11 | €38,373,000 | €38,373,000 | = | 0.0% |
| Reserves | 13 | €53,015 | €53,015 | = | 0.0% |
| Non-distributable reserves | 130/1 | €53,015 | €53,015 | = | 0.0% |
| Reserves not available under the articles | 1311 | €53,015 | €53,015 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,960,691 | €1,678,986 | -€281,705 | -14.4% |
| Amounts payable | 17/49 | €8,645,134 | €9,663,455 | +€1.0m | +11.8% |
| Amounts payable after more than one year | 17 | €49,576 | €2,526,245 | +€2.5m | +4,996% |
| Financial debts | 170/4 | €49,576 | €2,526,245 | +€2.5m | +4,996% |
| Credit institutions | 173 | €49,576 | €26,245 | -€23,331 | -47.1% |
| Other loans | 174 | - | €2,500,000 | +€2.5m | |
| Amounts payable within one year | 42/48 | €8,591,958 | €6,907,376 | -€1.7m | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €22,503 | €23,331 | +€828 | +3.7% |
| Financial debts | 43 | €150,000 | - | -€150,000 | |
| Credit institutions | 430/8 | €150,000 | - | -€150,000 | |
| Trade debts | 44 | €462,020 | €908,735 | +€446,715 | +96.7% |
| Suppliers | 440/4 | €462,020 | €908,735 | +€446,715 | +96.7% |
| Taxes, remuneration and social security | 45 | €28,936 | €37,634 | +€8,698 | +30.1% |
| Taxes | 450/3 | - | €12 | +€12 | |
| Remuneration and social security | 454/9 | €28,936 | €37,622 | +€8,686 | +30.0% |
| Other amounts payable | 47/48 | €7,928,499 | €5,937,676 | -€2.0m | -25.1% |
| Accrued charges and deferred income | 492/3 | €3,600 | €229,835 | +€226,235 | +6,284% |
| Operating income | 70/76A | €6,238,986 | €6,398,604 | +€159,618 | +2.6% |
| Turnover | 70 | €4,874,289 | €4,695,239 | -€179,050 | -3.7% |
| Other operating income | 74 | €1,364,697 | €1,703,365 | +€338,668 | +24.8% |
| Operating charges | 60/66A | €5,886,875 | €6,572,059 | +€685,185 | +11.6% |
| Services and other goods | 61 | €4,083,945 | €4,245,612 | +€161,668 | +4.0% |
| Remuneration, social security and pensions | 62 | €409,289 | €527,263 | +€117,974 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,353 | €73,864 | +€11,511 | +18.5% |
| Other operating charges | 640/8 | €1,331,288 | €1,725,320 | +€394,032 | +29.6% |
| Operating profit (loss) | 9901 | €352,111 | -€173,455 | -€525,567 | |
| Financial income | 75/76B | €229,365 | €273,294 | +€43,929 | +19.2% |
| Recurring financial income | 75 | €229,365 | €273,294 | +€43,929 | +19.2% |
| Income from current assets | 751 | €229,311 | €273,294 | +€43,984 | +19.2% |
| Other financial income | 752/9 | €54 | - | -€54 | |
| Financial charges | 65/66B | €228,618 | €372,830 | +€144,212 | +63.1% |
| Recurring financial charges | 65 | €228,618 | €372,830 | +€144,212 | +63.1% |
| Debt charges | 650 | €16,420 | €25,584 | +€9,164 | +55.8% |
| Other financial charges | 652/9 | €212,198 | €347,245 | +€135,047 | +63.6% |
| Profit (loss) for the period before taxes | 9903 | €352,858 | -€272,990 | -€625,849 | |
| Income taxes | 67/77 | €42,210 | €1,714 | -€40,496 | -95.9% |
| Taxes | 670/3 | €42,210 | €1,714 | -€40,496 | -95.9% |
| Profit (loss) for the period | 9904 | €310,648 | -€274,705 | -€585,353 | |
| Profit (loss) for the period to be appropriated | 9905 | €310,648 | -€274,705 | -€585,353 |
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.