Xander Invest: what changed
What changed
Xander Invest
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€117,797
2024 · €18,793+€99,005
Equity
€979,091
2024 · €861,293+€117,797
Cash
€47,203
2024 · €1,526+€45,676
Balance sheet total
€4.5m
2024 · €4.4m+€57,662
Largest movements
Assets
- Receivables within one year +€52,666
up €52,666 (+131%), from €40,110 to €92,777
- Cash +€45,676
up €45,676 (+2,992%), from €1,526 to €47,203
mainly Net result for the year (+€117,797) and Depreciation (+€102,899)
Equity and liabilities
- Short-term financial debts -€150,000
down €150,000 (-100%), from €150,000 to €0
- Profit (loss) carried forward +€117,797
up €117,797 (+40.4%), from -€291,767 to -€173,969
- Other debts +€57,299
up €57,299 (+2.2%), from €2.6m to €2.6m
Income statement
- Gross operating margin +€169,351
up €169,351 (+103%), from €164,786 to €334,137
- Financial charges +€77,414
up €77,414 (+248%), from €31,198 to €108,612
- Depreciation -€8,493
down €8,493 (-7.6%), from €111,392 to €102,899
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€18,793
Gross operating margin
+€169,351
Depreciation
+€8,493
Other operating charges
-€1,484
Financial charges
-€77,414
Taxes
+€59
Result 2025
€117,797
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€231,698
Investment
-€63,699
Financing
-€122,322
Cash 2024
€1,526
From operations (derived)
+€231,698
Net result for the year
+€117,797
Depreciation
+€102,899
Receivables within one year
-€52,666
Deferred charges and accrued income
+€1,481
Trade debts
-€771
Tax, wage and social debts
+€7,981
Other debts
+€57,299
Accrued charges and deferred income
-€2,322
Investment (derived)
-€63,699
Investment in fixed assets (net)
-€63,699
Financing
-€122,322
Debts after one year
-€2,667
Current portion of long-term debt
+€30,344
Short-term financial debts
-€150,000
Cash 2025
€47,203
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,441,777 | €4,499,439 | +€57,662 | +1.3% |
| Fixed assets | 21/28 | €4,397,934 | €4,358,734 | -€39,200 | -0.9% |
| Tangible fixed assets | 22/27 | €2,297,551 | €2,258,351 | -€39,200 | -1.7% |
| Land and buildings | 22 | €2,297,551 | €2,258,351 | -€39,200 | -1.7% |
| Financial fixed assets | 28 | €2,100,383 | €2,100,383 | = | 0.0% |
| Current assets | 29/58 | €43,843 | €140,704 | +€96,862 | +221% |
| Amounts receivable within one year | 40/41 | €40,110 | €92,777 | +€52,666 | +131% |
| Trade receivables | 40 | €40,110 | €92,777 | +€52,666 | +131% |
| Cash at bank and in hand | 54/58 | €1,526 | €47,203 | +€45,676 | +2,992% |
| Deferred charges and accrued income | 490/1 | €2,206 | €725 | -€1,481 | -67.1% |
| Total equity and liabilities | 10/49 | €4,441,777 | €4,499,439 | +€57,662 | +1.3% |
| Equity | 10/15 | €861,293 | €979,091 | +€117,797 | +13.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,146,860 | €1,146,860 | = | 0.0% |
| Distributable reserves | 133 | €1,146,860 | €1,146,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€291,767 | -€173,969 | +€117,797 | +40.4% |
| Amounts payable | 17/49 | €3,580,484 | €3,520,348 | -€60,136 | -1.7% |
| Amounts payable after more than one year | 17 | €732,256 | €729,589 | -€2,667 | -0.4% |
| Financial debts | 170/4 | €732,256 | €729,589 | -€2,667 | -0.4% |
| Amounts payable within one year | 42/48 | €2,845,906 | €2,790,759 | -€55,147 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €115,563 | €145,908 | +€30,344 | +26.3% |
| Financial debts | 43 | €150,000 | €0 | -€150,000 | -100% |
| Credit institutions | 430/8 | €150,000 | €0 | -€150,000 | -100% |
| Trade debts | 44 | €4,278 | €3,507 | -€771 | -18.0% |
| Suppliers | 440/4 | €4,278 | €3,507 | -€771 | -18.0% |
| Taxes, remuneration and social security | 45 | €9,618 | €17,598 | +€7,981 | +83.0% |
| Taxes | 450/3 | €9,618 | €17,598 | +€7,981 | +83.0% |
| Other amounts payable | 47/48 | €2,566,447 | €2,623,746 | +€57,299 | +2.2% |
| Accrued charges and deferred income | 492/3 | €2,322 | €0 | -€2,322 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,392 | €102,899 | -€8,493 | -7.6% |
| Other operating charges | 640/8 | €3,269 | €4,753 | +€1,484 | +45.4% |
| Gross operating margin | 9900 | €164,786 | €334,137 | +€169,351 | +103% |
| Operating profit (loss) | 9901 | €50,126 | €226,486 | +€176,360 | +352% |
| Financial charges | 65/66B | €31,198 | €108,612 | +€77,414 | +248% |
| Recurring financial charges | 65 | €31,198 | €108,612 | +€77,414 | +248% |
| Profit (loss) for the period before taxes | 9903 | €18,928 | €117,874 | +€98,946 | +523% |
| Income taxes | 67/77 | €135 | €77 | -€59 | -43.3% |
| Profit (loss) for the period | 9904 | €18,793 | €117,797 | +€99,005 | +527% |
| Profit (loss) for the period to be appropriated | 9905 | €18,793 | €117,797 | +€99,005 | +527% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.