XANACON: 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.
XANACON
Largest movements
- Tangible fixed assets +€81,871
up €81,871 (+1,909%), from €4,289 to €86,160
of which Furniture and vehicles: +€82,739
- Cash -€70,641
down €70,641 (-59.0%), from €119,735 to €49,094
mainly Investment in fixed assets (net) (-€88,263) and Other debts (-€45,302)
- Receivables within one year +€18,322
up €18,322 (+83.6%), from €21,906 to €40,228
of which Trade receivables: +€10,514
- Deferred charges and accrued income -€2,057
down €2,057 (-42.7%), from €4,814 to €2,757
- Other debts -€45,302
down €45,302 (-62.3%), from €72,709 to €27,407
- Debts after one year +€27,875
up €27,875 (+354%), from €7,877 to €35,753
of which Financial debts: +€35,753
- Reserves +€25,017
up €25,017 (+69.2%), from €36,176 to €61,193
of which Tax-exempt reserves: +€21,463
- Current portion of long-term debt +€9,593
up €9,593 (+187%), from €5,129 to €14,722
- Provisions +€7,154
new in 2025: €7,154
- Taxes -€7,735
down €7,735 (-92.0%), from €8,410 to €675
- Depreciation +€5,292
up €5,292 (+481%), from €1,099 to €6,392
- Gross operating margin +€848
up €848 (+1.9%), from €44,401 to €45,250
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 | €150,743 | €178,239 | +€27,496 | +18.2% |
| Fixed assets | 21/28 | €4,289 | €86,160 | +€81,871 | +1,909% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €4,289 | €86,160 | +€81,871 | +1,909% |
| Plant, machinery and equipment | 23 | €1,587 | €720 | -€867 | -54.6% |
| Furniture and vehicles | 24 | €2,701 | €85,440 | +€82,739 | +3,063% |
| Current assets | 29/58 | €146,455 | €92,079 | -€54,375 | -37.1% |
| Amounts receivable within one year | 40/41 | €21,906 | €40,228 | +€18,322 | +83.6% |
| Trade receivables | 40 | €20,161 | €30,676 | +€10,514 | +52.2% |
| Other amounts receivable | 41 | €1,744 | €9,552 | +€7,808 | +448% |
| Cash at bank and in hand | 54/58 | €119,735 | €49,094 | -€70,641 | -59.0% |
| Deferred charges and accrued income | 490/1 | €4,814 | €2,757 | -€2,057 | -42.7% |
| Total equity and liabilities | 10/49 | €150,743 | €178,239 | +€27,496 | +18.2% |
| Equity | 10/15 | €54,776 | €79,793 | +€25,017 | +45.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,176 | €61,193 | +€25,017 | +69.2% |
| Tax-exempt reserves | 132 | - | €21,463 | +€21,463 | |
| Distributable reserves | 133 | €36,176 | €39,730 | +€3,554 | +9.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €7,154 | +€7,154 | |
| Deferred taxes | 168 | - | €7,154 | +€7,154 | |
| Amounts payable | 17/49 | €95,967 | €91,292 | -€4,675 | -4.9% |
| Amounts payable after more than one year | 17 | €7,877 | €35,753 | +€27,875 | +354% |
| Financial debts | 170/4 | - | €35,753 | +€35,753 | |
| Other amounts payable | 178/9 | €7,877 | €0 | -€7,877 | -100% |
| Amounts payable within one year | 42/48 | €87,837 | €51,611 | -€36,226 | -41.2% |
| Current portion of amounts payable after more than one year | 42 | €5,129 | €14,722 | +€9,593 | +187% |
| Trade debts | 44 | €5,714 | €4,820 | -€894 | -15.6% |
| Suppliers | 440/4 | €5,714 | €4,820 | -€894 | -15.6% |
| Taxes, remuneration and social security | 45 | €4,285 | €4,662 | +€377 | +8.8% |
| Taxes | 450/3 | €2,216 | €4,662 | +€2,446 | +110% |
| Remuneration and social security | 454/9 | €2,069 | €0 | -€2,069 | -100% |
| Other amounts payable | 47/48 | €72,709 | €27,407 | -€45,302 | -62.3% |
| Accrued charges and deferred income | 492/3 | €253 | €3,928 | +€3,675 | +1,453% |
| Non-recurring operating income | 76A | €4,000 | €30,165 | +€26,165 | +654% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,099 | €6,392 | +€5,292 | +481% |
| Other operating charges | 640/8 | €1,520 | €1,708 | +€189 | +12.4% |
| Gross operating margin | 9900 | €44,401 | €45,250 | +€848 | +1.9% |
| Operating profit (loss) | 9901 | €41,782 | €37,150 | -€4,632 | -11.1% |
| Financial income | 75/76B | €0 | €9 | +€9 | +4,530% |
| Recurring financial income | 75 | €0 | €9 | +€9 | +4,530% |
| Financial charges | 65/66B | €3,480 | €3,454 | -€26 | -0.7% |
| Recurring financial charges | 65 | €3,480 | €3,454 | -€26 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €38,302 | €33,705 | -€4,597 | -12.0% |
| Transfer from deferred taxes | 780 | - | €387 | +€387 | |
| Transfer to deferred taxes | 680 | - | €7,541 | +€7,541 | |
| Income taxes | 67/77 | €8,410 | €675 | -€7,735 | -92.0% |
| Profit (loss) for the period | 9904 | €29,893 | €25,876 | -€4,017 | -13.4% |
| Transfer from tax-exempt reserves | 789 | - | €1,161 | +€1,161 | |
| Transfer to tax-exempt reserves | 689 | - | €22,624 | +€22,624 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,893 | €4,413 | -€25,480 | -85.2% |
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 17 October 2026 via checked.be.