XANTIP: 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.
XANTIP
Largest movements
- Tangible fixed assets -€39,661
down €39,661 (-32.3%), from €122,940 to €83,279
of which Land and buildings: -€46,962
- Cash -€28,746
down €28,746 (-31.9%), from €90,138 to €61,392
mainly Other debts (-€33,808) and Investment in fixed assets (net) (-€26,892)
- Receivables within one year +€20,097
up €20,097 (+81.8%), from €24,576 to €44,673
of which Trade receivables: +€17,159
- Current investments -€5,406
down €5,406 (-3.1%), from €172,160 to €166,754
- Other debts -€33,808
down €33,808 (-83.3%), from €40,599 to €6,791
- Tax, wage and social debts -€13,394
down €13,394 (-34.8%), from €38,512 to €25,118
of which Taxes: -€13,561
- Current portion of long-term debt -€7,904
down €7,904 (-100%), from €7,904 to €0
- Gross operating margin -€46,597
down €46,597 (-30.0%), from €155,173 to €108,576
- Taxes -€8,198
down €8,198 (-95.8%), from €8,557 to €358
- Depreciation -€7,272
down €7,272 (-9.8%), from €73,825 to €66,553
- Financial charges -€4,897
down €4,897 (-74.2%), from €6,600 to €1,703
- Financial income +€2,920
up €2,920 (+212%), from €1,380 to €4,300
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 | €437,501 | €383,651 | -€53,849 | -12.3% |
| Fixed assets | 21/28 | €122,940 | €83,279 | -€39,661 | -32.3% |
| Tangible fixed assets | 22/27 | €122,940 | €83,279 | -€39,661 | -32.3% |
| Land and buildings | 22 | €72,665 | €25,704 | -€46,962 | -64.6% |
| Plant, machinery and equipment | 23 | €784 | €201 | -€583 | -74.4% |
| Furniture and vehicles | 24 | €49,491 | €57,375 | +€7,884 | +15.9% |
| Current assets | 29/58 | €314,561 | €300,373 | -€14,188 | -4.5% |
| Stocks and contracts in progress | 3 | €23,681 | €23,384 | -€297 | -1.3% |
| Stocks | 30/36 | €23,681 | €23,384 | -€297 | -1.3% |
| Amounts receivable within one year | 40/41 | €24,576 | €44,673 | +€20,097 | +81.8% |
| Trade receivables | 40 | €20,115 | €37,274 | +€17,159 | +85.3% |
| Other amounts receivable | 41 | €4,461 | €7,399 | +€2,938 | +65.9% |
| Current investments | 50/53 | €172,160 | €166,754 | -€5,406 | -3.1% |
| Cash at bank and in hand | 54/58 | €90,138 | €61,392 | -€28,746 | -31.9% |
| Deferred charges and accrued income | 490/1 | €4,005 | €4,169 | +€164 | +4.1% |
| Total equity and liabilities | 10/49 | €437,501 | €383,651 | -€53,849 | -12.3% |
| Equity | 10/15 | €348,236 | €350,158 | +€1,922 | +0.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €325,282 | €327,204 | +€1,922 | +0.6% |
| Distributable reserves | 133 | €325,282 | €327,204 | +€1,922 | +0.6% |
| Profit (loss) carried forward | 14 | €10,454 | €10,454 | = | 0.0% |
| Amounts payable | 17/49 | €89,265 | €33,494 | -€55,771 | -62.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €89,265 | €33,494 | -€55,771 | -62.5% |
| Current portion of amounts payable after more than one year | 42 | €7,904 | €0 | -€7,904 | -100% |
| Trade debts | 44 | €2,251 | €1,585 | -€666 | -29.6% |
| Suppliers | 440/4 | €2,251 | €1,585 | -€666 | -29.6% |
| Taxes, remuneration and social security | 45 | €38,512 | €25,118 | -€13,394 | -34.8% |
| Taxes | 450/3 | €33,829 | €20,268 | -€13,561 | -40.1% |
| Remuneration and social security | 454/9 | €4,684 | €4,850 | +€167 | +3.6% |
| Other amounts payable | 47/48 | €40,599 | €6,791 | -€33,808 | -83.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €38,525 | €39,997 | +€1,472 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,825 | €66,553 | -€7,272 | -9.8% |
| Other operating charges | 640/8 | €2,325 | €2,343 | +€18 | +0.8% |
| Gross operating margin | 9900 | €155,173 | €108,576 | -€46,597 | -30.0% |
| Operating profit (loss) | 9901 | €40,499 | -€317 | -€40,816 | |
| Financial income | 75/76B | €1,380 | €4,300 | +€2,920 | +212% |
| Recurring financial income | 75 | €1,380 | €4,300 | +€2,920 | +212% |
| Financial charges | 65/66B | €6,600 | €1,703 | -€4,897 | -74.2% |
| Recurring financial charges | 65 | €6,600 | €1,703 | -€4,897 | -74.2% |
| Profit (loss) for the period before taxes | 9903 | €35,278 | €2,281 | -€32,998 | -93.5% |
| Income taxes | 67/77 | €8,557 | €358 | -€8,198 | -95.8% |
| Profit (loss) for the period | 9904 | €26,722 | €1,922 | -€24,800 | -92.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,722 | €1,922 | -€24,800 | -92.8% |
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.