XANTHIS: 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.
XANTHIS
Largest movements
- Receivables within one year +€49,412
up €49,412 (+31.4%), from €157,435 to €206,847
of which Other amounts receivable: +€45,123
- Tangible fixed assets -€33,521
down €33,521 (-54.1%), from €62,007 to €28,486
of which Furniture and vehicles: -€31,234
- Deferred charges and accrued income +€10,000
up €10,000 (+200%), from €5,000 to €15,000
- Cash -€6,689
down €6,689 (-10.5%), from €63,822 to €57,133
mainly Contributions, distributions and other (-€51,500) and Receivables within one year (-€49,412)
- Other debts +€48,520
new in 2025: €48,520
- Current portion of long-term debt -€28,093
down €28,093 (-63.4%), from €44,341 to €16,248
- Debts after one year -€12,747
no longer reported in 2025 (was €12,747)
- Tax, wage and social debts +€7,702
up €7,702 (+35.0%), from €21,987 to €29,689
- Reserves +€4,519
up €4,519 (+2.2%), from €201,529 to €206,047
of which Distributable reserves: +€4,519
- Gross operating margin -€18,696
down €18,696 (-16.6%), from €112,963 to €94,267
- Taxes -€17,907
down €17,907 (-70.8%), from €25,309 to €7,402
- Depreciation +€2,417
up €2,417 (+6.9%), from €34,806 to €37,223
- Financial income +€1,975
up €1,975 (+32.7%), from €6,032 to €8,007
of which Financial income: +€1,975
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 | €288,264 | €307,465 | +€19,202 | +6.7% |
| Fixed assets | 21/28 | €62,007 | €28,486 | -€33,521 | -54.1% |
| Tangible fixed assets | 22/27 | €62,007 | €28,486 | -€33,521 | -54.1% |
| Plant, machinery and equipment | 23 | €15,067 | €12,779 | -€2,288 | -15.2% |
| Furniture and vehicles | 24 | €46,941 | €15,707 | -€31,234 | -66.5% |
| Current assets | 29/58 | €226,257 | €278,980 | +€52,723 | +23.3% |
| Amounts receivable within one year | 40/41 | €157,435 | €206,847 | +€49,412 | +31.4% |
| Trade receivables | 40 | €11,828 | €16,117 | +€4,289 | +36.3% |
| Other amounts receivable | 41 | €145,607 | €190,729 | +€45,123 | +31.0% |
| Cash at bank and in hand | 54/58 | €63,822 | €57,133 | -€6,689 | -10.5% |
| Deferred charges and accrued income | 490/1 | €5,000 | €15,000 | +€10,000 | +200% |
| Total equity and liabilities | 10/49 | €288,264 | €307,465 | +€19,202 | +6.7% |
| Equity | 10/15 | €207,729 | €212,247 | +€4,519 | +2.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | - | €6,200 | +€6,200 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €201,529 | €206,047 | +€4,519 | +2.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,018 | €12,018 | = | 0.0% |
| Distributable reserves | 133 | €187,650 | €192,169 | +€4,519 | +2.4% |
| Amounts payable | 17/49 | €80,535 | €95,218 | +€14,683 | +18.2% |
| Amounts payable after more than one year | 17 | €12,747 | - | -€12,747 | |
| Financial debts | 170/4 | €12,747 | - | -€12,747 | |
| Amounts payable within one year | 42/48 | €66,508 | €95,218 | +€28,710 | +43.2% |
| Current portion of amounts payable after more than one year | 42 | €44,341 | €16,248 | -€28,093 | -63.4% |
| Trade debts | 44 | €180 | €762 | +€581 | +322% |
| Suppliers | 440/4 | €180 | €762 | +€581 | +322% |
| Taxes, remuneration and social security | 45 | €21,987 | €29,689 | +€7,702 | +35.0% |
| Taxes | 450/3 | €21,987 | €29,689 | +€7,702 | +35.0% |
| Other amounts payable | 47/48 | - | €48,520 | +€48,520 | |
| Accrued charges and deferred income | 492/3 | €1,280 | - | -€1,280 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,806 | €37,223 | +€2,417 | +6.9% |
| Other operating charges | 640/8 | €387 | €653 | +€266 | +68.7% |
| Gross operating margin | 9900 | €112,963 | €94,267 | -€18,696 | -16.6% |
| Operating profit (loss) | 9901 | €77,770 | €56,391 | -€21,379 | -27.5% |
| Financial income | 75/76B | €6,032 | €8,007 | +€1,975 | +32.7% |
| Recurring financial income | 75 | €6,032 | €8,007 | +€1,975 | +32.7% |
| Non-recurring financial income | 76B | €6,032 | €8,007 | +€1,975 | +32.7% |
| Financial charges | 65/66B | €1,925 | €976 | -€949 | -49.3% |
| Recurring financial charges | 65 | €1,925 | €976 | -€949 | -49.3% |
| Non-recurring financial charges | 66B | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | €81,877 | €63,421 | -€18,456 | -22.5% |
| Income taxes | 67/77 | €25,309 | €7,402 | -€17,907 | -70.8% |
| Profit (loss) for the period | 9904 | €56,567 | €56,019 | -€549 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,567 | €56,019 | -€549 | -1.0% |
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 22 October 2026 via checked.be.