XANTEN: 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.
XANTEN
Largest movements
- Cash +€272,893
up €272,893 (+56.9%), from €479,381 to €752,274
mainly Other debts (+€243,215) and Receivables within one year (+€186,575)
- Receivables within one year -€186,575
down €186,575 (-66.1%), from €282,075 to €95,500
of which Other amounts receivable: -€184,956
- Stocks and contracts -€155,395
down €155,395 (-52.4%), from €296,293 to €140,898
- Reserves -€387,511
down €387,511 (-40.9%), from €946,395 to €558,884
- Other debts +€243,215
up €243,215 (+5,892%), from €4,128 to €247,343
- Short-term financial debts +€60,000
up €60,000 (+100%), from €60,000 to €120,000
- Tax, wage and social debts +€24,987
up €24,987 (+265%), from €9,442 to €34,429
of which Taxes: +€21,445
- Accrued charges and deferred income +€24,629
up €24,629 (+64.5%), from €38,173 to €62,803
- Gross operating margin +€156,049
up €156,049 (+52.0%), from €299,860 to €455,909
- Staff costs +€46,408
up €46,408 (+42.0%), from €110,455 to €156,863
- Depreciation +€34,363
up €34,363 (+93.6%), from €36,727 to €71,089
- Taxes +€26,281
up €26,281 (+62.8%), from €41,835 to €68,116
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 | €1,333,474 | €1,263,611 | -€69,863 | -5.2% |
| Fixed assets | 21/28 | €274,842 | €273,008 | -€1,834 | -0.7% |
| Tangible fixed assets | 22/27 | €273,592 | €273,008 | -€584 | -0.2% |
| Land and buildings | 22 | €62,874 | €38,296 | -€24,577 | -39.1% |
| Plant, machinery and equipment | 23 | €207,797 | €233,873 | +€26,076 | +12.5% |
| Furniture and vehicles | 24 | €2,921 | €838 | -€2,083 | -71.3% |
| Financial fixed assets | 28 | €1,250 | - | -€1,250 | |
| Current assets | 29/58 | €1,058,632 | €990,603 | -€68,029 | -6.4% |
| Stocks and contracts in progress | 3 | €296,293 | €140,898 | -€155,395 | -52.4% |
| Stocks | 30/36 | €296,293 | €140,898 | -€155,395 | -52.4% |
| Amounts receivable within one year | 40/41 | €282,075 | €95,500 | -€186,575 | -66.1% |
| Trade receivables | 40 | €15,537 | €13,918 | -€1,619 | -10.4% |
| Other amounts receivable | 41 | €266,538 | €81,582 | -€184,956 | -69.4% |
| Cash at bank and in hand | 54/58 | €479,381 | €752,274 | +€272,893 | +56.9% |
| Deferred charges and accrued income | 490/1 | €883 | €1,931 | +€1,048 | +119% |
| Total equity and liabilities | 10/49 | €1,333,474 | €1,263,611 | -€69,863 | -5.2% |
| Equity | 10/15 | €964,995 | €577,484 | -€387,511 | -40.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €946,395 | €558,884 | -€387,511 | -40.9% |
| Distributable reserves | 133 | €946,395 | €558,884 | -€387,511 | -40.9% |
| Amounts payable | 17/49 | €368,479 | €686,127 | +€317,647 | +86.2% |
| Amounts payable after more than one year | 17 | €183,773 | €160,218 | -€23,555 | -12.8% |
| Financial debts | 170/4 | €183,773 | €160,218 | -€23,555 | -12.8% |
| Amounts payable within one year | 42/48 | €146,533 | €463,106 | +€316,573 | +216% |
| Current portion of amounts payable after more than one year | 42 | €22,737 | €23,555 | +€817 | +3.6% |
| Financial debts | 43 | €60,000 | €120,000 | +€60,000 | +100% |
| Other loans | 439 | €60,000 | €120,000 | +€60,000 | +100% |
| Trade debts | 44 | €50,226 | €37,779 | -€12,446 | -24.8% |
| Suppliers | 440/4 | €50,226 | €37,779 | -€12,446 | -24.8% |
| Taxes, remuneration and social security | 45 | €9,442 | €34,429 | +€24,987 | +265% |
| Taxes | 450/3 | €4,049 | €25,494 | +€21,445 | +530% |
| Remuneration and social security | 454/9 | €5,393 | €8,935 | +€3,541 | +65.7% |
| Other amounts payable | 47/48 | €4,128 | €247,343 | +€243,215 | +5,892% |
| Accrued charges and deferred income | 492/3 | €38,173 | €62,803 | +€24,629 | +64.5% |
| Non-recurring operating income | 76A | - | €15,000 | +€15,000 | |
| Remuneration, social security and pensions | 62 | €110,455 | €156,863 | +€46,408 | +42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,727 | €71,089 | +€34,363 | +93.6% |
| Other operating charges | 640/8 | €2,942 | €3,688 | +€746 | +25.4% |
| Gross operating margin | 9900 | €299,860 | €455,909 | +€156,049 | +52.0% |
| Operating profit (loss) | 9901 | €149,737 | €224,269 | +€74,532 | +49.8% |
| Financial income | 75/76B | €847 | €1,513 | +€666 | +78.6% |
| Recurring financial income | 75 | €847 | €1,513 | +€666 | +78.6% |
| Financial charges | 65/66B | €10,342 | €12,617 | +€2,274 | +22.0% |
| Recurring financial charges | 65 | €10,342 | €12,617 | +€2,274 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €140,242 | €213,165 | +€72,924 | +52.0% |
| Income taxes | 67/77 | €41,835 | €68,116 | +€26,281 | +62.8% |
| Profit (loss) for the period | 9904 | €98,407 | €145,050 | +€46,643 | +47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €98,407 | €145,050 | +€46,643 | +47.4% |
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.