XANAQUDIS: 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.
XANAQUDIS
Largest movements
- Cash +€58,970
up €58,970 (+144%), from €41,033 to €100,003
mainly Receivables within one year (+€33,035) and Net result for the year (+€30,065)
- Receivables within one year -€33,035
down €33,035 (-61.8%), from €53,411 to €20,376
of which Trade receivables: -€17,582
- Reserves +€30,065
up €30,065 (+43.7%), from €68,729 to €98,794
- Trade debts -€4,492
down €4,492 (-100%), from €4,492 to €0
- Financial charges +€41,699
up €41,699 (+1,685%), from €2,475 to €44,174
- Taxes -€17,718
down €17,718 (-57.5%), from €30,827 to €13,109
- Gross operating margin -€15,104
down €15,104 (-14.6%), from €103,591 to €88,487
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 | €96,065 | €121,572 | +€25,507 | +26.6% |
| Formation expenses | 20 | €840 | €0 | -€840 | -100% |
| Fixed assets | 21/28 | €250 | €250 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €94,975 | €121,322 | +€26,347 | +27.7% |
| Amounts receivable within one year | 40/41 | €53,411 | €20,376 | -€33,035 | -61.8% |
| Trade receivables | 40 | €30,387 | €12,805 | -€17,582 | -57.9% |
| Other amounts receivable | 41 | €23,024 | €7,572 | -€15,452 | -67.1% |
| Cash at bank and in hand | 54/58 | €41,033 | €100,003 | +€58,970 | +144% |
| Deferred charges and accrued income | 490/1 | €530 | €942 | +€412 | +77.7% |
| Total equity and liabilities | 10/49 | €96,065 | €121,572 | +€25,507 | +26.6% |
| Equity | 10/15 | €71,729 | €101,794 | +€30,065 | +41.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €68,729 | €98,794 | +€30,065 | +43.7% |
| Distributable reserves | 133 | €68,729 | €98,794 | +€30,065 | +43.7% |
| Amounts payable | 17/49 | €24,336 | €19,778 | -€4,558 | -18.7% |
| Amounts payable within one year | 42/48 | €23,357 | €19,778 | -€3,579 | -15.3% |
| Trade debts | 44 | €4,492 | €0 | -€4,492 | -100% |
| Suppliers | 440/4 | €4,492 | €0 | -€4,492 | -100% |
| Taxes, remuneration and social security | 45 | €18,865 | €19,778 | +€913 | +4.8% |
| Taxes | 450/3 | €18,865 | €19,778 | +€913 | +4.8% |
| Accrued charges and deferred income | 492/3 | €979 | €0 | -€979 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,447 | €840 | -€607 | -41.9% |
| Other operating charges | 640/8 | €124 | €299 | +€176 | +142% |
| Gross operating margin | 9900 | €103,591 | €88,487 | -€15,104 | -14.6% |
| Operating profit (loss) | 9901 | €102,021 | €87,348 | -€14,673 | -14.4% |
| Financial income | 75/76B | €10 | €0 | -€10 | -100% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100% |
| Financial charges | 65/66B | €2,475 | €44,174 | +€41,699 | +1,685% |
| Recurring financial charges | 65 | €2,475 | €44,174 | +€41,699 | +1,685% |
| Profit (loss) for the period before taxes | 9903 | €99,556 | €43,175 | -€56,381 | -56.6% |
| Income taxes | 67/77 | €30,827 | €13,109 | -€17,718 | -57.5% |
| Profit (loss) for the period | 9904 | €68,729 | €30,065 | -€38,664 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €68,729 | €30,065 | -€38,664 | -56.3% |
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 30 October 2026 via checked.be.