XANPINO: 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.
XANPINO
Largest movements
- Receivables within one year +€17,955
up €17,955 (+31.0%), from €57,857 to €75,812
of which Trade receivables: +€18,450
- Cash +€10,935
up €10,935 (+151%), from €7,259 to €18,194
mainly Net result for the year (+€63,465) and Other debts (+€44,231)
- Other debts +€44,231
up €44,231 (+64.7%), from €68,320 to €112,551
- Current portion of long-term debt -€22,562
down €22,562 (-83.1%), from €27,157 to €4,595
- Tax, wage and social debts +€9,531
new in 2025: €9,531
- Debts after one year -€4,595
no longer reported in 2025 (was €4,595)
- Financial charges -€1,247
down €1,247 (-25.9%), from €4,811 to €3,564
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 | €267,715 | €295,181 | +€27,466 | +10.3% |
| Fixed assets | 21/28 | €200,000 | €200,000 | = | 0.0% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €67,715 | €95,181 | +€27,466 | +40.6% |
| Amounts receivable within one year | 40/41 | €57,857 | €75,812 | +€17,955 | +31.0% |
| Trade receivables | 40 | €52,700 | €71,150 | +€18,450 | +35.0% |
| Other amounts receivable | 41 | €5,157 | €4,662 | -€495 | -9.6% |
| Cash at bank and in hand | 54/58 | €7,259 | €18,194 | +€10,935 | +151% |
| Deferred charges and accrued income | 490/1 | €2,599 | €1,175 | -€1,424 | -54.8% |
| Total equity and liabilities | 10/49 | €267,715 | €295,181 | +€27,466 | +10.3% |
| Equity | 10/15 | €157,080 | €157,005 | -€75 | 0.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €127,080 | €127,005 | -€75 | -0.1% |
| Distributable reserves | 133 | €127,080 | €127,005 | -€75 | -0.1% |
| Amounts payable | 17/49 | €110,635 | €138,176 | +€27,541 | +24.9% |
| Amounts payable after more than one year | 17 | €4,595 | - | -€4,595 | |
| Financial debts | 170/4 | €4,595 | - | -€4,595 | |
| Amounts payable within one year | 42/48 | €106,039 | €138,176 | +€32,137 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €27,157 | €4,595 | -€22,562 | -83.1% |
| Financial debts | 43 | €8,000 | €8,000 | = | 0.0% |
| Credit institutions | 430/8 | €8,000 | €8,000 | = | 0.0% |
| Trade debts | 44 | €2,563 | €3,499 | +€936 | +36.5% |
| Suppliers | 440/4 | €2,563 | €3,499 | +€936 | +36.5% |
| Taxes, remuneration and social security | 45 | - | €9,531 | +€9,531 | |
| Taxes | 450/3 | - | €9,531 | +€9,531 | |
| Other amounts payable | 47/48 | €68,320 | €112,551 | +€44,231 | +64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160 | - | -€160 | |
| Other operating charges | 640/8 | €1,103 | €1,017 | -€85 | -7.7% |
| Gross operating margin | 9900 | €90,193 | €90,086 | -€107 | -0.1% |
| Operating profit (loss) | 9901 | €88,931 | €89,069 | +€138 | +0.2% |
| Financial charges | 65/66B | €4,811 | €3,564 | -€1,247 | -25.9% |
| Recurring financial charges | 65 | €4,811 | €3,564 | -€1,247 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €84,120 | €85,505 | +€1,385 | +1.6% |
| Income taxes | 67/77 | €21,687 | €22,040 | +€354 | +1.6% |
| Profit (loss) for the period | 9904 | €62,433 | €63,465 | +€1,031 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,433 | €63,465 | +€1,031 | +1.7% |
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 20 October 2026 via checked.be.