XANINKO: 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.
XANINKO
Largest movements
- Tangible fixed assets +€132,536
up €132,536 (+18.4%), from €720,573 to €853,109
of which Land and buildings: +€74,497
- Cash -€49,219
down €49,219 (-85.5%), from €57,573 to €8,354
mainly Investment in fixed assets (net) (-€172,852) and Trade debts (-€51,656)
- Reserves +€104,038
up €104,038 (+72.3%), from €143,991 to €248,029
- Other debts +€62,338
up €62,338 (+55.1%), from €113,179 to €175,516
- Trade debts -€51,656
down €51,656 (-61.1%), from €84,544 to €32,888
- Debts after one year -€34,571
down €34,571 (-10.4%), from €330,944 to €296,373
- Short-term financial debts +€20,878
new in 2025: €20,878
- Gross operating margin +€60,319
up €60,319 (+39.5%), from €152,844 to €213,162
- Taxes +€20,465
up €20,465 (+75.4%), from €27,135 to €47,600
- Depreciation -€3,932
down €3,932 (-8.9%), from €44,247 to €40,316
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 | €778,446 | €861,763 | +€83,317 | +10.7% |
| Fixed assets | 21/28 | €720,873 | €853,409 | +€132,536 | +18.4% |
| Tangible fixed assets | 22/27 | €720,573 | €853,109 | +€132,536 | +18.4% |
| Land and buildings | 22 | €703,999 | €778,496 | +€74,497 | +10.6% |
| Furniture and vehicles | 24 | €16,574 | €74,613 | +€58,039 | +350% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €57,573 | €8,354 | -€49,219 | -85.5% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €57,573 | €8,354 | -€49,219 | -85.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €778,446 | €861,763 | +€83,317 | +10.7% |
| Equity | 10/15 | €150,191 | €254,229 | +€104,038 | +69.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €143,991 | €248,029 | +€104,038 | +72.3% |
| Distributable reserves | 133 | €143,991 | €248,029 | +€104,038 | +72.3% |
| Amounts payable | 17/49 | €628,255 | €607,534 | -€20,721 | -3.3% |
| Amounts payable after more than one year | 17 | €330,944 | €296,373 | -€34,571 | -10.4% |
| Financial debts | 170/4 | €330,944 | €296,373 | -€34,571 | -10.4% |
| Amounts payable within one year | 42/48 | €297,311 | €311,162 | +€13,850 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €33,792 | €34,571 | +€779 | +2.3% |
| Financial debts | 43 | - | €20,878 | +€20,878 | |
| Credit institutions | 430/8 | - | €20,878 | +€20,878 | |
| Trade debts | 44 | €84,544 | €32,888 | -€51,656 | -61.1% |
| Suppliers | 440/4 | €84,544 | €32,888 | -€51,656 | -61.1% |
| Taxes, remuneration and social security | 45 | €65,796 | €47,308 | -€18,489 | -28.1% |
| Taxes | 450/3 | €60,567 | €47,308 | -€13,260 | -21.9% |
| Remuneration and social security | 454/9 | €5,229 | €0 | -€5,229 | -100% |
| Other amounts payable | 47/48 | €113,179 | €175,516 | +€62,338 | +55.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,247 | €40,316 | -€3,932 | -8.9% |
| Other operating charges | 640/8 | €9,397 | €9,906 | +€510 | +5.4% |
| Non-recurring operating charges | 66A | - | €3,000 | +€3,000 | |
| Gross operating margin | 9900 | €152,844 | €213,162 | +€60,319 | +39.5% |
| Operating profit (loss) | 9901 | €99,200 | €159,940 | +€60,741 | +61.2% |
| Financial income | 75/76B | €0 | €58 | +€57 | +14,288% |
| Recurring financial income | 75 | €0 | €58 | +€57 | +14,288% |
| Financial charges | 65/66B | €8,911 | €8,360 | -€552 | -6.2% |
| Recurring financial charges | 65 | €8,911 | €8,360 | -€552 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €90,289 | €151,638 | +€61,350 | +67.9% |
| Income taxes | 67/77 | €27,135 | €47,600 | +€20,465 | +75.4% |
| Profit (loss) for the period | 9904 | €63,153 | €104,038 | +€40,885 | +64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,153 | €104,038 | +€40,885 | +64.7% |
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 16 October 2026 via checked.be.