XENCO: 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.
XENCO
Largest movements
- Current investments -€308,827
no longer reported in 2025 (was €308,827)
- Cash +€235,950
up €235,950 (+6294.2%), from €3,749 to €239,699
mainly Other debts (+€508,148) and Current investments (+€308,827)
- Receivables within one year -€59,494
down €59,494 (-71.0%), from €83,841 to €24,347
of which Trade receivables: -€63,946
- Other debts +€508,148
up €508,148 (+1654.8%), from €30,708 to €538,857
- Reserves -€477,500
down €477,500 (-84.7%), from €563,585 to €86,085
of which Distributable reserves: -€477,500
- Debts after one year -€125,507
down €125,507 (-29.0%), from €432,507 to €307,000
- Current portion of long-term debt -€51,195
no longer reported in 2025 (was €51,195)
- Depreciation +€66,566
up €66,566 (+115.2%), from €57,778 to €124,344
- Financial income +€52,612
up €52,612 (+296.2%), from €17,761 to €70,373
- Gross operating margin +€19,487
up €19,487 (+22.7%), from €85,664 to €105,151
- Financial charges +€7,406
up €7,406 (+168.6%), from €4,394 to €11,800
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 | €2,175,176 | €2,028,218 | -€146,957 | -6.8% |
| Fixed assets | 21/28 | €1,723,356 | €1,708,429 | -€14,927 | -0.9% |
| Tangible fixed assets | 22/27 | €1,723,218 | €1,708,291 | -€14,927 | -0.9% |
| Land and buildings | 22 | €1,673,879 | €1,667,611 | -€6,268 | -0.4% |
| Furniture and vehicles | 24 | €3,182 | €2,545 | -€636 | -20.0% |
| Other tangible fixed assets | 26 | €46,158 | €38,135 | -€8,023 | -17.4% |
| Financial fixed assets | 28 | €138 | €138 | = | 0.0% |
| Current assets | 29/58 | €451,819 | €319,789 | -€132,030 | -29.2% |
| Amounts receivable after more than one year | 29 | €50,974 | €50,974 | = | 0.0% |
| Other amounts receivable | 291 | €50,974 | €50,974 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €83,841 | €24,347 | -€59,494 | -71.0% |
| Trade receivables | 40 | €63,946 | - | -€63,946 | |
| Other amounts receivable | 41 | €19,895 | €24,347 | +€4,452 | +22.4% |
| Current investments | 50/53 | €308,827 | - | -€308,827 | |
| Cash at bank and in hand | 54/58 | €3,749 | €239,699 | +€235,950 | +6294.2% |
| Deferred charges and accrued income | 490/1 | €4,428 | €4,769 | +€341 | +7.7% |
| Total equity and liabilities | 10/49 | €2,175,176 | €2,028,218 | -€146,957 | -6.8% |
| Equity | 10/15 | €1,647,897 | €1,170,798 | -€477,100 | -29.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €563,585 | €86,085 | -€477,500 | -84.7% |
| Tax-exempt reserves | 132 | €4,950 | €4,950 | = | 0.0% |
| Distributable reserves | 133 | €558,635 | €81,135 | -€477,500 | -85.5% |
| Profit (loss) carried forward | 14 | €1,078,112 | €1,078,513 | +€400 | 0.0% |
| Amounts payable | 17/49 | €527,278 | €857,421 | +€330,142 | +62.6% |
| Amounts payable after more than one year | 17 | €432,507 | €307,000 | -€125,507 | -29.0% |
| Financial debts | 170/4 | €432,507 | €307,000 | -€125,507 | -29.0% |
| Amounts payable within one year | 42/48 | €92,194 | €546,666 | +€454,472 | +493.0% |
| Current portion of amounts payable after more than one year | 42 | €51,195 | - | -€51,195 | |
| Trade debts | 44 | €706 | €128 | -€579 | -81.9% |
| Suppliers | 440/4 | €706 | €128 | -€579 | -81.9% |
| Taxes, remuneration and social security | 45 | €9,585 | €7,682 | -€1,903 | -19.9% |
| Taxes | 450/3 | €9,585 | €7,682 | -€1,903 | -19.9% |
| Other amounts payable | 47/48 | €30,708 | €538,857 | +€508,148 | +1654.8% |
| Accrued charges and deferred income | 492/3 | €2,577 | €3,754 | +€1,177 | +45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,778 | €124,344 | +€66,566 | +115.2% |
| Other operating charges | 640/8 | €4,488 | €5,479 | +€990 | +22.1% |
| Gross operating margin | 9900 | €85,664 | €105,151 | +€19,487 | +22.7% |
| Operating profit (loss) | 9901 | €23,398 | -€24,671 | -€48,069 | |
| Financial income | 75/76B | €17,761 | €70,373 | +€52,612 | +296.2% |
| Recurring financial income | 75 | €17,761 | €70,373 | +€52,612 | +296.2% |
| Financial charges | 65/66B | €4,394 | €11,800 | +€7,406 | +168.6% |
| Recurring financial charges | 65 | €4,394 | €11,800 | +€7,406 | +168.6% |
| Profit (loss) for the period before taxes | 9903 | €36,765 | €33,902 | -€2,863 | -7.8% |
| Income taxes | 67/77 | €11,859 | €11,001 | -€857 | -7.2% |
| Profit (loss) for the period | 9904 | €24,906 | €22,900 | -€2,006 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,906 | €22,900 | -€2,006 | -8.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.