XANMATIC: 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.
XANMATIC
Largest movements
- Cash +€58,774
up €58,774 (+209%), from €28,116 to €86,891
mainly Net result for the year (+€86,378) and Depreciation (+€54,431)
- Tangible fixed assets -€54,431
down €54,431 (-7.8%), from €698,027 to €643,597
of which Land and buildings: -€38,420
- Receivables within one year -€41,086
down €41,086 (-86.4%), from €47,536 to €6,450
of which Trade receivables: -€42,829
- Debts after one year -€101,084
down €101,084 (-19.4%), from €521,695 to €420,611
- Reserves +€84,712
up €84,712 (+323%), from €26,197 to €110,909
of which Distributable reserves: +€85,409
- Other debts -€13,931
down €13,931 (-10.9%), from €127,271 to €113,340
- Gross operating margin +€52,776
up €52,776 (+42.9%), from €122,999 to €175,775
- Taxes +€22,096
up €22,096 (+1,003%), from €2,203 to €24,299
- Depreciation +€2,380
up €2,380 (+4.6%), from €52,050 to €54,431
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 | €777,415 | €740,772 | -€36,643 | -4.7% |
| Fixed assets | 21/28 | €699,957 | €645,527 | -€54,431 | -7.8% |
| Tangible fixed assets | 22/27 | €698,027 | €643,597 | -€54,431 | -7.8% |
| Land and buildings | 22 | €634,821 | €596,400 | -€38,420 | -6.1% |
| Plant, machinery and equipment | 23 | €32,167 | €25,615 | -€6,553 | -20.4% |
| Furniture and vehicles | 24 | €31,039 | €21,582 | -€9,458 | -30.5% |
| Financial fixed assets | 28 | €1,930 | €1,930 | = | 0.0% |
| Current assets | 29/58 | €77,458 | €95,246 | +€17,788 | +23.0% |
| Amounts receivable within one year | 40/41 | €47,536 | €6,450 | -€41,086 | -86.4% |
| Trade receivables | 40 | €47,536 | €4,707 | -€42,829 | -90.1% |
| Other amounts receivable | 41 | - | €1,743 | +€1,743 | |
| Cash at bank and in hand | 54/58 | €28,116 | €86,891 | +€58,774 | +209% |
| Deferred charges and accrued income | 490/1 | €1,805 | €1,905 | +€100 | +5.5% |
| Total equity and liabilities | 10/49 | €777,415 | €740,772 | -€36,643 | -4.7% |
| Equity | 10/15 | €32,397 | €117,109 | +€84,712 | +261% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,197 | €110,909 | +€84,712 | +323% |
| Tax-exempt reserves | 132 | €6,273 | €5,576 | -€697 | -11.1% |
| Distributable reserves | 133 | €19,924 | €105,333 | +€85,409 | +429% |
| Provisions and deferred taxes | 16 | €1,568 | €1,394 | -€174 | -11.1% |
| Deferred taxes | 168 | €1,568 | €1,394 | -€174 | -11.1% |
| Amounts payable | 17/49 | €743,450 | €622,269 | -€121,181 | -16.3% |
| Amounts payable after more than one year | 17 | €521,695 | €420,611 | -€101,084 | -19.4% |
| Financial debts | 170/4 | €521,695 | €420,611 | -€101,084 | -19.4% |
| Amounts payable within one year | 42/48 | €199,486 | €176,339 | -€23,148 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €45,928 | €49,027 | +€3,099 | +6.7% |
| Trade debts | 44 | €12,933 | €6,079 | -€6,853 | -53.0% |
| Suppliers | 440/4 | €12,933 | €6,079 | -€6,853 | -53.0% |
| Taxes, remuneration and social security | 45 | €13,354 | €7,893 | -€5,462 | -40.9% |
| Taxes | 450/3 | €10,993 | €5,541 | -€5,452 | -49.6% |
| Remuneration and social security | 454/9 | €2,361 | €2,351 | -€10 | -0.4% |
| Other amounts payable | 47/48 | €127,271 | €113,340 | -€13,931 | -10.9% |
| Accrued charges and deferred income | 492/3 | €22,268 | €25,319 | +€3,051 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,050 | €54,431 | +€2,380 | +4.6% |
| Other operating charges | 640/8 | €1,732 | €1,799 | +€67 | +3.9% |
| Gross operating margin | 9900 | €122,999 | €175,775 | +€52,776 | +42.9% |
| Operating profit (loss) | 9901 | €69,216 | €119,545 | +€50,329 | +72.7% |
| Financial income | 75/76B | €99 | €755 | +€656 | +664% |
| Recurring financial income | 75 | €99 | €755 | +€656 | +664% |
| Financial charges | 65/66B | €10,689 | €9,798 | -€892 | -8.3% |
| Recurring financial charges | 65 | €10,689 | €9,798 | -€892 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €58,625 | €110,503 | +€51,878 | +88.5% |
| Transfer from deferred taxes | 780 | €174 | €174 | = | 0.0% |
| Transfer to deferred taxes | 680 | €1,743 | - | -€1,743 | |
| Income taxes | 67/77 | €2,203 | €24,299 | +€22,096 | +1,003% |
| Profit (loss) for the period | 9904 | €54,854 | €86,378 | +€31,525 | +57.5% |
| Transfer from tax-exempt reserves | 789 | €697 | €697 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €6,970 | - | -€6,970 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,580 | €87,075 | +€38,495 | +79.2% |
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 28 October 2026 via checked.be.