XENA CDW: 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.
XENA CDW
Largest movements
- Cash -€9,755
down €9,755 (-21.5%), from €45,346 to €35,590
mainly Contributions, distributions and other (-€33,679) and Net result for the year (-€9,451)
- Deferred charges and accrued income -€6,636
down €6,636 (-60.0%), from €11,066 to €4,430
- Tangible fixed assets -€1,411
down €1,411 (-77.6%), from €1,818 to €408
- Profit (loss) carried forward -€43,129
down €43,129 (-98.7%), from €43,679 to €549
- Other debts +€20,052
up €20,052 (+242%), from €8,281 to €28,333
- Tax, wage and social debts +€5,201
up €5,201 (+464%), from €1,120 to €6,321
of which Taxes: +€5,201
- Gross operating margin -€15,159
down €15,159, from €10,823 to -€4,335
- Taxes -€2,172
down €2,172 (-93.2%), from €2,331 to €159
- Other operating charges +€504
up €504 (+193%), from €261 to €765
- Financial charges -€168
down €168 (-8.2%), from €2,057 to €1,889
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 | €59,899 | €42,097 | -€17,801 | -29.7% |
| Fixed assets | 21/28 | €1,818 | €408 | -€1,411 | -77.6% |
| Tangible fixed assets | 22/27 | €1,818 | €408 | -€1,411 | -77.6% |
| Furniture and vehicles | 24 | €1,818 | €408 | -€1,411 | -77.6% |
| Current assets | 29/58 | €58,080 | €41,689 | -€16,391 | -28.2% |
| Amounts receivable within one year | 40/41 | €1,669 | €1,669 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,669 | €1,669 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €45,346 | €35,590 | -€9,755 | -21.5% |
| Deferred charges and accrued income | 490/1 | €11,066 | €4,430 | -€6,636 | -60.0% |
| Total equity and liabilities | 10/49 | €59,899 | €42,097 | -€17,801 | -29.7% |
| Equity | 10/15 | €48,479 | €5,349 | -€43,129 | -89.0% |
| Contributions | 10/11 | €4,800 | €4,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,679 | €549 | -€43,129 | -98.7% |
| Amounts payable | 17/49 | €11,420 | €36,748 | +€25,328 | +222% |
| Amounts payable within one year | 42/48 | €11,420 | €36,748 | +€25,328 | +222% |
| Trade debts | 44 | €2,019 | €2,094 | +€75 | +3.7% |
| Suppliers | 440/4 | €2,019 | €2,094 | +€75 | +3.7% |
| Taxes, remuneration and social security | 45 | €1,120 | €6,321 | +€5,201 | +464% |
| Taxes | 450/3 | €1,120 | €6,321 | +€5,201 | +464% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €8,281 | €28,333 | +€20,052 | +242% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,411 | €1,411 | +€0 | 0.0% |
| Other operating charges | 640/8 | €261 | €765 | +€504 | +193% |
| Non-recurring operating charges | 66A | €65 | €891 | +€826 | +1,271% |
| Gross operating margin | 9900 | €10,823 | -€4,335 | -€15,159 | |
| Operating profit (loss) | 9901 | €9,087 | -€7,402 | -€16,489 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,057 | €1,889 | -€168 | -8.2% |
| Recurring financial charges | 65 | €2,057 | €1,889 | -€168 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €7,030 | -€9,291 | -€16,321 | |
| Income taxes | 67/77 | €2,331 | €159 | -€2,172 | -93.2% |
| Profit (loss) for the period | 9904 | €4,699 | -€9,451 | -€14,149 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,699 | -€9,451 | -€14,149 |
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 15 October 2026 via checked.be.