XAMECON: 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.
XAMECON
Largest movements
- Cash +€778,185
up €778,185 (+106%), from €735,715 to €1.5m
mainly Current investments (+€698,178) and Net result for the year (+€240,390)
- Current investments -€698,178
down €698,178 (-45.3%), from €1.5m to €842,390
- Receivables after one year +€201,347
new in 2025: €201,347
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€33,937
up €33,937 (+13.4%), from €254,189 to €288,127
- Financial charges +€8,918
up €8,918, from -€2,127 to €6,791
of which Financial charges: +€8,918
- Financial income -€8,186
down €8,186 (-16.4%), from €50,050 to €41,864
- Taxes +€3,487
up €3,487 (+4.7%), from €74,485 to €77,972
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,048,120 | €18,296,739 | +€248,619 | +1.4% |
| Fixed assets | 21/28 | €15,731,111 | €15,728,159 | -€2,952 | 0.0% |
| Tangible fixed assets | 22/27 | €21,111 | €18,159 | -€2,952 | -14.0% |
| Furniture and vehicles | 24 | €3,823 | €3,335 | -€488 | -12.8% |
| Other tangible fixed assets | 26 | €17,288 | €14,824 | -€2,464 | -14.3% |
| Financial fixed assets | 28 | €15,710,000 | €15,710,000 | = | 0.0% |
| Current assets | 29/58 | €2,317,009 | €2,568,580 | +€251,571 | +10.9% |
| Amounts receivable after more than one year | 29 | - | €201,347 | +€201,347 | |
| Other amounts receivable | 291 | - | €201,347 | +€201,347 | |
| Amounts receivable within one year | 40/41 | €25,828 | €5,696 | -€20,132 | -77.9% |
| Trade receivables | 40 | €48 | €2,288 | +€2,240 | +4,671% |
| Other amounts receivable | 41 | €25,780 | €3,408 | -€22,372 | -86.8% |
| Current investments | 50/53 | €1,540,567 | €842,390 | -€698,178 | -45.3% |
| Cash at bank and in hand | 54/58 | €735,715 | €1,513,900 | +€778,185 | +106% |
| Deferred charges and accrued income | 490/1 | €14,899 | €5,247 | -€9,652 | -64.8% |
| Total equity and liabilities | 10/49 | €18,048,120 | €18,296,739 | +€248,619 | +1.4% |
| Equity | 10/15 | €17,997,630 | €18,238,020 | +€240,390 | +1.3% |
| Contributions | 10/11 | €24,718,600 | €24,718,600 | = | 0.0% |
| Reserves | 13 | €564,615 | €669,865 | +€105,250 | +18.6% |
| Tax-exempt reserves | 132 | €182,623 | €222,317 | +€39,694 | +21.7% |
| Distributable reserves | 133 | €381,992 | €447,548 | +€65,556 | +17.2% |
| Profit (loss) carried forward | 14 | -€7,285,586 | -€7,150,446 | +€135,140 | +1.9% |
| Amounts payable | 17/49 | €50,491 | €58,719 | +€8,229 | +16.3% |
| Amounts payable within one year | 42/48 | €47,099 | €57,476 | +€10,377 | +22.0% |
| Trade debts | 44 | €2,985 | €7,803 | +€4,817 | +161% |
| Suppliers | 440/4 | €2,985 | €7,803 | +€4,817 | +161% |
| Taxes, remuneration and social security | 45 | €20,862 | €22,332 | +€1,470 | +7.0% |
| Taxes | 450/3 | €18,462 | €22,332 | +€3,870 | +21.0% |
| Remuneration and social security | 454/9 | €2,400 | €0 | -€2,400 | -100% |
| Other amounts payable | 47/48 | €23,252 | €27,341 | +€4,089 | +17.6% |
| Accrued charges and deferred income | 492/3 | €3,392 | €1,244 | -€2,148 | -63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,487 | €3,714 | +€226 | +6.5% |
| Other operating charges | 640/8 | €1,175 | €1,124 | -€50 | -4.3% |
| Gross operating margin | 9900 | €254,189 | €288,127 | +€33,937 | +13.4% |
| Operating profit (loss) | 9901 | €249,527 | €283,289 | +€33,761 | +13.5% |
| Financial income | 75/76B | €50,050 | €41,864 | -€8,186 | -16.4% |
| Recurring financial income | 75 | €50,050 | €41,864 | -€8,186 | -16.4% |
| Financial charges | 65/66B | -€2,127 | €6,791 | +€8,918 | |
| Recurring financial charges | 65 | -€2,127 | €6,791 | +€8,918 | |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €301,704 | €318,362 | +€16,658 | +5.5% |
| Income taxes | 67/77 | €74,485 | €77,972 | +€3,487 | +4.7% |
| Profit (loss) for the period | 9904 | €227,219 | €240,390 | +€13,171 | +5.8% |
| Transfer from tax-exempt reserves | 789 | €69,977 | €65,556 | -€4,421 | -6.3% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €105,250 | +€21,050 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €212,996 | €200,696 | -€12,300 | -5.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.