XEKINA: 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.
XEKINA
Largest movements
- Receivables within one year +€32,278
up €32,278 (+328%), from €9,831 to €42,109
of which Trade receivables: +€39,942
- Tangible fixed assets -€14,475
down €14,475 (-43.8%), from €33,014 to €18,539
of which Furniture and vehicles: -€13,477
- Receivables after one year -€4,038
no longer reported in 2025 (was €4,038)
- Other debts +€68,319
up €68,319 (+68.3%), from €100,000 to €168,319
- Tax, wage and social debts -€36,357
down €36,357 (-87.3%), from €41,633 to €5,276
- Profit (loss) carried forward -€27,696
no longer reported in 2025 (was €27,696)
- Trade debts +€10,341
up €10,341 (+325%), from €3,178 to €13,519
- Gross operating margin +€35,772
up €35,772 (+71.3%), from €50,195 to €85,967
- Taxes +€7,645
up €7,645 (+90.6%), from €8,439 to €16,084
- Other operating charges -€3,982
down €3,982 (-86.8%), from €4,589 to €608
- Financial income -€2,795
down €2,795 (-96.7%), from €2,891 to €96
- Financial charges -€1,978
down €1,978 (-73.7%), from €2,684 to €706
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 | €193,124 | €207,638 | +€14,513 | +7.5% |
| Fixed assets | 21/28 | €33,014 | €18,539 | -€14,475 | -43.8% |
| Tangible fixed assets | 22/27 | €33,014 | €18,539 | -€14,475 | -43.8% |
| Plant, machinery and equipment | 23 | €1,605 | €607 | -€998 | -62.2% |
| Furniture and vehicles | 24 | €31,409 | €17,932 | -€13,477 | -42.9% |
| Current assets | 29/58 | €160,110 | €189,099 | +€28,988 | +18.1% |
| Amounts receivable after more than one year | 29 | €4,038 | - | -€4,038 | |
| Trade receivables | 290 | €4,038 | - | -€4,038 | |
| Amounts receivable within one year | 40/41 | €9,831 | €42,109 | +€32,278 | +328% |
| Trade receivables | 40 | - | €39,942 | +€39,942 | |
| Other amounts receivable | 41 | €9,831 | €2,167 | -€7,664 | -78.0% |
| Current investments | 50/53 | €9,441 | €9,508 | +€67 | +0.7% |
| Cash at bank and in hand | 54/58 | €136,800 | €136,019 | -€781 | -0.6% |
| Deferred charges and accrued income | 490/1 | - | €1,463 | +€1,463 | |
| Total equity and liabilities | 10/49 | €193,124 | €207,638 | +€14,513 | +7.5% |
| Equity | 10/15 | €48,156 | €20,460 | -€27,696 | -57.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,696 | - | -€27,696 | |
| Amounts payable | 17/49 | €144,968 | €187,178 | +€42,210 | +29.1% |
| Amounts payable within one year | 42/48 | €144,968 | €187,178 | +€42,210 | +29.1% |
| Financial debts | 43 | €156 | €63 | -€93 | -59.7% |
| Credit institutions | 430/8 | €156 | €63 | -€93 | -59.7% |
| Trade debts | 44 | €3,178 | €13,519 | +€10,341 | +325% |
| Suppliers | 440/4 | €3,178 | €13,519 | +€10,341 | +325% |
| Taxes, remuneration and social security | 45 | €41,633 | €5,276 | -€36,357 | -87.3% |
| Taxes | 450/3 | €41,633 | €5,276 | -€36,357 | -87.3% |
| Other amounts payable | 47/48 | €100,000 | €168,319 | +€68,319 | +68.3% |
| Non-recurring operating income | 76A | - | €1,330 | +€1,330 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,076 | €11,796 | -€1,280 | -9.8% |
| Other operating charges | 640/8 | €4,589 | €608 | -€3,982 | -86.8% |
| Gross operating margin | 9900 | €50,195 | €85,967 | +€35,772 | +71.3% |
| Operating profit (loss) | 9901 | €32,530 | €73,563 | +€41,034 | +126% |
| Financial income | 75/76B | €2,891 | €96 | -€2,795 | -96.7% |
| Recurring financial income | 75 | €2,891 | €96 | -€2,795 | -96.7% |
| Financial charges | 65/66B | €2,684 | €706 | -€1,978 | -73.7% |
| Recurring financial charges | 65 | €2,684 | €706 | -€1,978 | -73.7% |
| Profit (loss) for the period before taxes | 9903 | €32,737 | €72,953 | +€40,216 | +123% |
| Income taxes | 67/77 | €8,439 | €16,084 | +€7,645 | +90.6% |
| Profit (loss) for the period | 9904 | €24,298 | €56,869 | +€32,571 | +134% |
| Profit (loss) for the period to be appropriated | 9905 | €24,298 | €56,869 | +€32,571 | +134% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.