XAMAN: 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.
XAMAN
Largest movements
- Receivables within one year -€4,117
down €4,117 (-34.7%), from €11,866 to €7,749
- Tangible fixed assets -€2,928
down €2,928 (-17.2%), from €17,029 to €14,102
of which Other tangible fixed assets: -€1,500
- Cash -€1,413
down €1,413 (-66.2%), from €2,134 to €721
mainly Other debts (-€7,224) and Trade debts (-€1,029)
- Other debts -€7,224
down €7,224 (-47.7%), from €15,160 to €7,936
- Trade debts -€1,029
down €1,029 (-82.2%), from €1,251 to €222
- Gross operating margin +€949
up €949 (+26.7%), from €3,554 to €4,503
- Taxes +€604
up €604 (+167.7%), from €360 to €964
- Depreciation +€523
up €523 (+21.7%), from €2,405 to €2,928
- Financial charges -€62
down €62 (-45.1%), from €137 to €75
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 | €31,232 | €22,755 | -€8,477 | -27.1% |
| Fixed assets | 21/28 | €17,029 | €14,102 | -€2,928 | -17.2% |
| Tangible fixed assets | 22/27 | €17,029 | €14,102 | -€2,928 | -17.2% |
| Furniture and vehicles | 24 | €3,267 | €1,840 | -€1,428 | -43.7% |
| Other tangible fixed assets | 26 | €13,762 | €12,262 | -€1,500 | -10.9% |
| Current assets | 29/58 | €14,203 | €8,653 | -€5,549 | -39.1% |
| Amounts receivable within one year | 40/41 | €11,866 | €7,749 | -€4,117 | -34.7% |
| Trade receivables | 40 | €11,866 | €7,749 | -€4,117 | -34.7% |
| Cash at bank and in hand | 54/58 | €2,134 | €721 | -€1,413 | -66.2% |
| Deferred charges and accrued income | 490/1 | €202 | €183 | -€20 | -9.8% |
| Total equity and liabilities | 10/49 | €31,232 | €22,755 | -€8,477 | -27.1% |
| Equity | 10/15 | €7,724 | €7,727 | +€3 | 0.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,723 | €7,726 | +€3 | 0.0% |
| Amounts payable | 17/49 | €23,508 | €15,029 | -€8,480 | -36.1% |
| Amounts payable within one year | 42/48 | €23,508 | €15,029 | -€8,480 | -36.1% |
| Trade debts | 44 | €1,251 | €222 | -€1,029 | -82.2% |
| Suppliers | 440/4 | €1,251 | €222 | -€1,029 | -82.2% |
| Taxes, remuneration and social security | 45 | €7,097 | €6,870 | -€227 | -3.2% |
| Taxes | 450/3 | €7,097 | €6,870 | -€227 | -3.2% |
| Other amounts payable | 47/48 | €15,160 | €7,936 | -€7,224 | -47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,405 | €2,928 | +€523 | +21.7% |
| Other operating charges | 640/8 | €577 | €536 | -€42 | -7.2% |
| Gross operating margin | 9900 | €3,554 | €4,503 | +€949 | +26.7% |
| Operating profit (loss) | 9901 | €572 | €1,039 | +€468 | +81.7% |
| Financial income | 75/76B | €13 | €2 | -€10 | -80.5% |
| Recurring financial income | 75 | €13 | €2 | -€10 | -80.5% |
| Financial charges | 65/66B | €137 | €75 | -€62 | -45.1% |
| Recurring financial charges | 65 | €137 | €75 | -€62 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €448 | €967 | +€519 | +115.9% |
| Income taxes | 67/77 | €360 | €964 | +€604 | +167.7% |
| Profit (loss) for the period | 9904 | €88 | €3 | -€85 | -97.0% |
| Profit (loss) for the period to be appropriated | 9905 | €88 | €3 | -€85 | -97.0% |
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 11 October 2026 via checked.be.