XENES: 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.
XENES
Largest movements
- Receivables within one year -€22,555
down €22,555 (-17.0%), from €132,881 to €110,326
of which Other amounts receivable: -€22,555
- Cash -€9,290
down €9,290 (-99.8%), from €9,304 to €14
mainly Net result for the year (-€29,707) and Tax, wage and social debts (-€8,504)
- Tangible fixed assets -€6,410
down €6,410 (-67.8%), from €9,453 to €3,043
of which Furniture and vehicles: -€6,171
- Profit (loss) carried forward -€29,707
down €29,707 (-11.9%), from €248,685 to €218,978
- Tax, wage and social debts -€8,504
down €8,504 (-97.9%), from €8,684 to €181
- Gross operating margin -€54,713
down €54,713, from €26,598 to -€28,115
- Taxes -€5,999
down €5,999 (-97.1%), from €6,180 to €181
- Financial income +€4,769
up €4,769 (+1255.0%), from €380 to €5,149
of which Financial income: +€4,769
- Financial charges -€664
down €664 (-81.6%), from €814 to €150
- Other operating charges -€585
no longer reported in 2025 (was €585)
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 | €308,908 | €270,653 | -€38,255 | -12.4% |
| Fixed assets | 21/28 | €9,453 | €3,043 | -€6,410 | -67.8% |
| Tangible fixed assets | 22/27 | €9,453 | €3,043 | -€6,410 | -67.8% |
| Land and buildings | 22 | €239 | - | -€239 | |
| Furniture and vehicles | 24 | €9,214 | €3,043 | -€6,171 | -67.0% |
| Current assets | 29/58 | €299,455 | €267,610 | -€31,845 | -10.6% |
| Amounts receivable after more than one year | 29 | €157,270 | €157,270 | = | 0.0% |
| Other amounts receivable | 291 | €157,270 | €157,270 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €132,881 | €110,326 | -€22,555 | -17.0% |
| Trade receivables | 40 | €5,385 | €5,385 | = | 0.0% |
| Other amounts receivable | 41 | €127,497 | €104,942 | -€22,555 | -17.7% |
| Cash at bank and in hand | 54/58 | €9,304 | €14 | -€9,290 | -99.8% |
| Total equity and liabilities | 10/49 | €308,908 | €270,653 | -€38,255 | -12.4% |
| Equity | 10/15 | €278,145 | €248,438 | -€29,707 | -10.7% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €16,860 | €16,860 | = | 0.0% |
| Distributable reserves | 133 | €16,860 | €16,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €248,685 | €218,978 | -€29,707 | -11.9% |
| Provisions and deferred taxes | 16 | €20,106 | €20,106 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €20,106 | €20,106 | = | 0.0% |
| Pensions and similar obligations | 160 | €20,106 | €20,106 | = | 0.0% |
| Amounts payable | 17/49 | €10,657 | €2,109 | -€8,547 | -80.2% |
| Amounts payable after more than one year | 17 | €842 | €842 | = | 0.0% |
| Financial debts | 170/4 | €842 | €842 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,815 | €1,268 | -€8,547 | -87.1% |
| Trade debts | 44 | €1,131 | €1,087 | -€44 | -3.9% |
| Suppliers | 440/4 | €1,131 | €1,087 | -€44 | -3.9% |
| Taxes, remuneration and social security | 45 | €8,684 | €181 | -€8,504 | -97.9% |
| Taxes | 450/3 | €8,684 | €181 | -€8,504 | -97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,076 | €6,410 | +€334 | +5.5% |
| Other operating charges | 640/8 | €585 | - | -€585 | |
| Gross operating margin | 9900 | €26,598 | -€28,115 | -€54,713 | |
| Operating profit (loss) | 9901 | €19,937 | -€34,525 | -€54,463 | |
| Financial income | 75/76B | €380 | €5,149 | +€4,769 | +1255.0% |
| Recurring financial income | 75 | €380 | €5,149 | +€4,769 | +1255.0% |
| Non-recurring financial income | 76B | €380 | - | -€380 | |
| Financial charges | 65/66B | €814 | €150 | -€664 | -81.6% |
| Recurring financial charges | 65 | €814 | €150 | -€664 | -81.6% |
| Profit (loss) for the period before taxes | 9903 | €19,503 | -€29,526 | -€49,030 | |
| Income taxes | 67/77 | €6,180 | €181 | -€5,999 | -97.1% |
| Profit (loss) for the period | 9904 | €13,323 | -€29,707 | -€43,031 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,323 | -€29,707 | -€43,031 |
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 6 October 2026 via checked.be.