XENEO: 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.
XENEO
Largest movements
- Receivables within one year +€25,123
up €25,123 (+93.1%), from €26,978 to €52,101
of which Other amounts receivable: +€25,363
- Tangible fixed assets -€12,382
down €12,382 (-5.8%), from €215,215 to €202,833
of which Land and buildings: -€11,122
- Current investments +€10,475
new in 2025: €10,475
- Profit (loss) carried forward +€27,426
up €27,426 (+20.3%), from €134,892 to €162,317
- Current portion of long-term debt -€13,396
down €13,396 (-67.0%), from €20,004 to €6,608
- Tax, wage and social debts +€11,464
up €11,464 (+297%), from €3,855 to €15,319
- Debts after one year -€3,960
no longer reported in 2025 (was €3,960)
- Taxes +€7,609
up €7,609 (+197%), from €3,855 to €11,464
- Depreciation -€3,871
down €3,871 (-23.8%), from €16,253 to €12,382
- Gross operating margin +€1,858
up €1,858 (+3.5%), from €52,950 to €54,808
- Financial income +€1,266
up €1,266 (+171%), from €742 to €2,008
- Financial charges +€991
up €991 (+32.7%), from €3,028 to €4,019
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 | €262,689 | €284,048 | +€21,358 | +8.1% |
| Fixed assets | 21/28 | €233,815 | €221,433 | -€12,382 | -5.3% |
| Tangible fixed assets | 22/27 | €215,215 | €202,833 | -€12,382 | -5.8% |
| Land and buildings | 22 | €213,771 | €202,649 | -€11,122 | -5.2% |
| Plant, machinery and equipment | 23 | €1,444 | €184 | -€1,260 | -87.3% |
| Financial fixed assets | 28 | €18,600 | €18,600 | = | 0.0% |
| Current assets | 29/58 | €28,874 | €62,614 | +€33,740 | +117% |
| Amounts receivable within one year | 40/41 | €26,978 | €52,101 | +€25,123 | +93.1% |
| Trade receivables | 40 | €2,480 | €2,240 | -€240 | -9.7% |
| Other amounts receivable | 41 | €24,498 | €49,861 | +€25,363 | +104% |
| Current investments | 50/53 | - | €10,475 | +€10,475 | |
| Cash at bank and in hand | 54/58 | €1,896 | €38 | -€1,858 | -98.0% |
| Total equity and liabilities | 10/49 | €262,689 | €284,048 | +€21,358 | +8.1% |
| Equity | 10/15 | €204,269 | €231,694 | +€27,426 | +13.4% |
| Contributions | 10/11 | €17,400 | €17,400 | = | 0.0% |
| Reserves | 13 | €51,977 | €51,977 | = | 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% |
| Distributable reserves | 133 | €50,117 | €50,117 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,892 | €162,317 | +€27,426 | +20.3% |
| Provisions and deferred taxes | 16 | €17,500 | €17,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €17,500 | €17,500 | = | 0.0% |
| Major repairs and maintenance | 162 | €17,500 | €17,500 | = | 0.0% |
| Amounts payable | 17/49 | €40,921 | €34,853 | -€6,068 | -14.8% |
| Amounts payable after more than one year | 17 | €3,960 | - | -€3,960 | |
| Financial debts | 170/4 | €3,960 | - | -€3,960 | |
| Amounts payable within one year | 42/48 | €36,961 | €34,853 | -€2,108 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €20,004 | €6,608 | -€13,396 | -67.0% |
| Trade debts | 44 | €46 | €72 | +€26 | +56.5% |
| Suppliers | 440/4 | €46 | €72 | +€26 | +56.5% |
| Taxes, remuneration and social security | 45 | €3,855 | €15,319 | +€11,464 | +297% |
| Taxes | 450/3 | €3,855 | €15,319 | +€11,464 | +297% |
| Other amounts payable | 47/48 | €13,056 | €12,854 | -€202 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,253 | €12,382 | -€3,871 | -23.8% |
| Other operating charges | 640/8 | €1,490 | €1,525 | +€35 | +2.3% |
| Gross operating margin | 9900 | €52,950 | €54,808 | +€1,858 | +3.5% |
| Operating profit (loss) | 9901 | €35,207 | €40,901 | +€5,694 | +16.2% |
| Financial income | 75/76B | €742 | €2,008 | +€1,266 | +171% |
| Recurring financial income | 75 | €742 | €2,008 | +€1,266 | +171% |
| Financial charges | 65/66B | €3,028 | €4,019 | +€991 | +32.7% |
| Recurring financial charges | 65 | €3,028 | €4,019 | +€991 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €32,921 | €38,890 | +€5,969 | +18.1% |
| Income taxes | 67/77 | €3,855 | €11,464 | +€7,609 | +197% |
| Profit (loss) for the period | 9904 | €29,066 | €27,426 | -€1,640 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,066 | €27,426 | -€1,640 | -5.6% |
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 16 October 2026 via checked.be.