XANTHO: what changed
Two fiscal 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.
XANTHO
Largest movements
- Cash -€134,514
down €134,514 (-73.7%), from €182,604 to €48,090
mainly Net result for the year (-€205,344) and Receivables within one year (-€8,294)
- Stocks and contracts -€14,965
down €14,965 (-20.9%), from €71,481 to €56,516
- Receivables within one year +€8,294
up €8,294 (+18.7%), from €44,436 to €52,730
of which Trade receivables: +€13,507
- Intangible fixed assets -€5,928
down €5,928 (-21.6%), from €27,384 to €21,456
- Deferred charges and accrued income +€5,809
up €5,809 (+195.7%), from €2,968 to €8,777
- Profit (loss) carried forward -€205,344
down €205,344 (-24.7%), from -€830,785 to -€1.0m
- Trade debts +€32,282
up €32,282 (+137.8%), from €23,429 to €55,711
- Tax, wage and social debts +€20,400
up €20,400 (+78.0%), from €26,165 to €46,565
of which Taxes: +€11,025
- Other debts +€15,431
up €15,431 (+17.5%), from €88,204 to €103,635
- Accrued charges and deferred income -€4,874
down €4,874 (-25.0%), from €19,463 to €14,589
- Staff costs +€60,657
up €60,657 (+34.6%), from €175,140 to €235,798
- Gross operating margin +€34,730
up €34,730 (+292.5%), from €11,875 to €46,605
- Depreciation -€11,778
down €11,778 (-59.0%), from €19,966 to €8,188
- Financial charges +€3,406
up €3,406 (+131.9%), from €2,583 to €5,988
- Taxes +€546
up €546 (+68.6%), from €796 to €1,342
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.
Cash bridge derived
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 | €334,867 | €192,762 | -€142,105 | -42.4% |
| Fixed assets | 21/28 | €33,378 | €26,649 | -€6,729 | -20.2% |
| Intangible fixed assets | 21 | €27,384 | €21,456 | -€5,928 | -21.6% |
| Tangible fixed assets | 22/27 | €1,269 | €468 | -€801 | -63.1% |
| Plant, machinery and equipment | 23 | €1,269 | €468 | -€801 | -63.1% |
| Financial fixed assets | 28 | €4,725 | €4,725 | = | 0.0% |
| Current assets | 29/58 | €301,489 | €166,113 | -€135,376 | -44.9% |
| Stocks and contracts in progress | 3 | €71,481 | €56,516 | -€14,965 | -20.9% |
| Stocks | 30/36 | €71,481 | €56,516 | -€14,965 | -20.9% |
| Amounts receivable within one year | 40/41 | €44,436 | €52,730 | +€8,294 | +18.7% |
| Trade receivables | 40 | €38,472 | €51,978 | +€13,507 | +35.1% |
| Other amounts receivable | 41 | €5,964 | €752 | -€5,213 | -87.4% |
| Cash at bank and in hand | 54/58 | €182,604 | €48,090 | -€134,514 | -73.7% |
| Deferred charges and accrued income | 490/1 | €2,968 | €8,777 | +€5,809 | +195.7% |
| Total equity and liabilities | 10/49 | €334,867 | €192,762 | -€142,105 | -42.4% |
| Equity | 10/15 | €177,605 | -€27,739 | -€205,344 | |
| Contributions | 10/11 | €1,008,390 | €1,008,390 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€830,785 | -€1,036,129 | -€205,344 | -24.7% |
| Amounts payable | 17/49 | €157,262 | €220,501 | +€63,240 | +40.2% |
| Amounts payable within one year | 42/48 | €137,798 | €205,912 | +€68,114 | +49.4% |
| Trade debts | 44 | €23,429 | €55,711 | +€32,282 | +137.8% |
| Suppliers | 440/4 | €23,429 | €55,711 | +€32,282 | +137.8% |
| Taxes, remuneration and social security | 45 | €26,165 | €46,565 | +€20,400 | +78.0% |
| Taxes | 450/3 | €8,853 | €19,878 | +€11,025 | +124.5% |
| Remuneration and social security | 454/9 | €17,312 | €26,688 | +€9,376 | +54.2% |
| Other amounts payable | 47/48 | €88,204 | €103,635 | +€15,431 | +17.5% |
| Accrued charges and deferred income | 492/3 | €19,463 | €14,589 | -€4,874 | -25.0% |
| Non-recurring operating income | 76A | - | €208 | +€208 | |
| Remuneration, social security and pensions | 62 | €175,140 | €235,798 | +€60,657 | +34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,966 | €8,188 | -€11,778 | -59.0% |
| Other operating charges | 640/8 | €977 | €790 | -€187 | -19.1% |
| Gross operating margin | 9900 | €11,875 | €46,605 | +€34,730 | +292.5% |
| Operating profit (loss) | 9901 | -€184,208 | -€198,171 | -€13,963 | -7.6% |
| Financial income | 75/76B | €22 | €157 | +€134 | +601.7% |
| Recurring financial income | 75 | €22 | €157 | +€134 | +601.7% |
| Financial charges | 65/66B | €2,583 | €5,988 | +€3,406 | +131.9% |
| Recurring financial charges | 65 | €2,583 | €5,988 | +€3,406 | +131.9% |
| Profit (loss) for the period before taxes | 9903 | -€186,769 | -€204,002 | -€17,234 | -9.2% |
| Income taxes | 67/77 | €796 | €1,342 | +€546 | +68.6% |
| Profit (loss) for the period | 9904 | -€187,564 | -€205,344 | -€17,780 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€187,564 | -€205,344 | -€17,780 | -9.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.